RADIOFebruary 27, 2025

Can Vivek Make Ohio the Gold Standard for the American Dream?

After leaving President Trump and Elon Musk's DOGE, Vivek Ramaswamy, has decided to run for governor of Ohio. He joins Glenn to lay out his vision for the state, which he wants to transform into a new gold standard for the American Dream. With Trump returning power to the states, cutting federal programs, and slashing red tape, Ramaswamy argues that it will soon be up to the governors to "step up and do their job." He advocates for federalism, state-level transparency, zero income tax, and reduced property taxes, calling them "un-American." Vivek also addresses the technological revolution, proposing workforce training to harness AI for job creation across blue-collar and professional fields. Ramaswamy stresses reattaching work requirements to welfare, promoting independence over government dependence, and fostering a culture of meritocracy and capitalism.

Transcript

Below is a rush transcript that may contain errors

GLENN: Vivek Ramaswamy.

The Ohio gubernatorial candidate. Strive asset manager cofounder. Also, I would say the cofounder and co-designer of DOGE. And a good friend of the program.

Vivek, how are you?

VIVEK: Good to talk to you, Glenn. How are you?

GLENN: Really good. Really good. I have a lot to talk to you about. First of all, why do you want to be the governor of Ohio?

VIVEK: Well, look, I think that Donald Trump is being doing a great job as US president, but that means that a lot of federal programs are going to come down from Washington, DC, from education to health care, back to the states and to the people where they belong.

GLENN: Hang on just a second.

VIVEK: In my early effort in helping get DOGE off the ground, it's the same thing. Federalism is the way forward to our golden age, and that is going to require strong governors to actually step up and do their job in leading and managing education, for example, in the right way. And so I was born, raised in Ohio. That's where I'm raising my two sons today.

I think it's one of the better sons in the US. But I want Toledo, Ohio, to be the top state in the country, to raise a young family, to grow a business, and to live the American Dream that I have. That's what I'm living.

GLENN: I don't know. It's kind of like conservative porn here. He's -- he's talking about returning the power to the states. And cutting all those federal programs. Oh, yeah.
(music)
(laughter)

GLENN: So, Vivek, the way the government is going, I mean, I hope that DOGE actually does the job. And I hope we finish the job here. We have so much that we have to cut. I mean, trillions of dollars that we have to cut. And return that power to the state. Everybody is saying, this is going to be chaos. How -- as the governor of Ohio, how -- how do you prepare for what is coming, so it's not chaos? What has to be done?

VIVEK: I have to admit, I think the job is going to be far easier for me at the state level, than it is doing it at the federal level, which is a gargantuan project. But I do think that giving taxpayers the transparency, first of all. How their money is being spent. Texting the regulatory state. All that's required.

At the level of Ohio. I think this is actually immediately achievable, in ways that improve people's lives. Right? I'm bringing the American Dream back to Ohio. How do we do it?

There's a lot of red tape in the state. Think about the overregulation, that comes from that bureaucracy, that is the easiest thing we can fix right out the gate. Eighteen to 36 months for a natural gas pipeline. That should be six months or less.

I haven't met a single person in Ohio. I haven't met a single person in the country, Glenn. Who says, we have too little red tape. I have met a lot of people. Especially business owners. Who will tell you, there's too much red tape.

So there's this idea, that this is an academic project. No! It's not just academic solutions to address the deficit number or a debt number or a GDP number. I think these are vital improvements to our economic and social fabric.

So that Little League teams no longer have to shut down, because they can't find the local companies to sponsor them. Because they went to another state with a more favorable regulatory environment. So mom doesn't have to think twice before having a second or third kid for fear of the cost of a bigger car. Because the tax rate is too high in the state. So one of the things I want to do is to drive the income tax down. Eventually down to zero. Like eight other states that have done the same thing. To the property tax burden.

It's your land. Not the government's. It's your money, not the government's. And I don't think that those should be controversial things to say.

GLENN: Hang on just a second. Wait. Wait. Wait. Talk to me about property taxes again.
What is your plan on property taxes?

VIVEK: Well, property taxes in Ohio, this is our problem in particular. Have gotten way too high. So many people are paying as much money on their interest-plus principal repayment as they are on their property tax, and it makes you feel like you're not owning your land anymore. Owning your land feels like you're leasing it from the government which is un-American. So that's exactly what we're taking back.

GLENN: I have to tell you --

VIVEK: It's about bringing the money back to people's hands.

GLENN: I think property tax is absolutely immoral.

VIVEK: It's un-American.

GLENN: It is! I don't actually own anything if it can be taken from me because of tax. I mean, that is like -- isn't that the story of Robin Hood?

VIVEK: It's actually funny you say that. John Locke was one of the progenitors of our country's founding, as you're well aware. It was ownership of private property, which is foundational to the formation of the United States of America!

And so I think we would do well to remember those basic time-tested principles. Capitalism is the greatest system known to man, to lift us up from poverty. We started to apologize for that as well.
No, I want Ohio. And look, I did this for Ohio.

But I say this, because it has a national significance too, Glenn.

I want Ohio to set the standard for the rest of the country, where we embrace property rights. And capitalism and meritocracy. Instead of apologizing for it. And the beauty of our system is that so much of saving our country actually has to come from the level of the states.

Has to come from the people. That's what -- that's what our Founding Fathers envisioned. So I think federalism is the way.

The path to our golden age runs through federalism.

That's why, look, I think saving this country is a team effort. That's why I chose to run for this position, after great conversations with President Trump, with Elon. Frankly, both of them, they came out within hours of my announcement, within an hour to both endorse, and I was proud to receive their support.

And others statewide here as well. But that's because this is going to be a team effort to save the country.

And I do think the leadership at the level of the states. Especially starting a year or two from now, after a lot of those programs have been pushed back down to the states and the people where they belong. I do see a bit of a leadership gap there. And that's a big part of why I was called into this.

And we will set a national standard. We can call it the Ohio standard. We can call it a modern day northwest ordinance. But a conservative state. When governed according to conservative principles, actually. Can be a magnet for the rest of the country.

GLENN: Okay. So I have a serious question for you.

First, an even more serious question.

Every time I've even endorsed any candidate, they always lose. So what is my non-endorsement worth to you, Vivek?

VIVEK: Your friendship is worth a lot to me, Glenn, and I would love to have you in Ohio. We'll start with the Midas Touch! How about that?

GLENN: So I do want to talk to you about something that you are qualified to answer, and I think there are very few people that are qualified. That people trust and know. That can speak on this.

You know, Musk came out and talked about the singularity on Sunday.

And said, we're on the event horizon of the singularity. For anyone who really understands what's coming our way in the next three to five years.

The world will be completely different, in ways that none of us imagine, in five years from now.

How do we -- how do we explain this to the American people, and how do you prepare a state, to be nimble enough, to be able to adapt.

I mean, I really believe, we're at the very beginning here, of a maybe 18 to 36-month change. Where the end of these 36 months, it's going to be entirely different.

And people will have to understand, you either adapt right now, or you're out!

So how do you -- go ahead.

VIVEK: Either you're playing from the front. Or you're shaping that change. Or else, you're going to be shaped by that change.

GLENN: Right. And it's huge. The difference is massive, than we've ever seen before!

VIVEK: Absolutely. So it's interesting, from the position of state leader. As the next governor of Ohio. I want Ohio to be the state where we use AI. To not take jobs. But to make jobs.

And what I mean by that is, there's a lot of focus on a lot of investment across the country and the world, into algorithmic improvement. To actually improving the computational power, driving new AI. That's important. Where I don't think we've invested enough. Is how you apply that AI. How to use that next generation intelligence. To apply it to their respective fields, from health care, to financial services, to construction design.

And there, you're talking about using skilled workers who are already in the state, who don't have to be programming the next generation of AI. We've trained the AI. What I want to do is train the human beings on how to use that AI, and apply it to enhance their own productivity, on their own terms.

GLENN: Yes.

VIVEK: And I think that last part is really important, Glenn. As we're heading to the future. The future is coming, whether we like it or not. Do you want to be dragged by it, or do you want to shape it? And I want to be a leader who helps us, to shape, to harness the power of that --

GLENN: So as governor, what do you do? What do you do to encourage that? To -- well, I have a lot of blue-collar jobs.

VIVEK: Sure. Sure.

So one of the things we do is invest in the workforce, training and education. And a lot of the private sectors are already doing it, by getting out of the way. The limited occupational licensing requirements. Also, I want this to be the state where two things are true, Glenn.

Too often, even on the right, sometimes, we make this an either/or.

I want this to be the state where we say both of these paths are open. I want Ohio to be the top state in the country, when it comes to our universities. For somebody who wants to become an engineer or a doctor or a computer programmer, that's great. That should be open to them here. That goes through a traditional masters degree, and maybe PHD degrees too. And that's great.

That's a good thing. But we also want to be the state, that has two and one-year and even six-month. Or nine-month vocational programs, that train people to be an electrician, or a welder, or a builder, and give them also in their respective fields, even the training needed, knowing how to use AI. How to use that next generation of technology, to apply it to their respective fields. That's what true modernization looks like. So I don't want to fall in this camp and say, say, oh, well, that technological revolution is for somebody else. No. How do we harness the fruits of that, to actually improve our own lives, even in fields that weren't traditionally thought to be necessarily technologically forward fields? I want to change that attitude.

And it's not either/or. It's not one is more elite than the other. We're all elite is the way I look at it. I don't refer to the other professions as the trades. I call it the professions, because that's what they are. They deserve the same degree of dignity and respect, but at the same time, it's not going to be by chasing our past. It's going to be leading us to chase our future. And I do think that requires a new generation of leadership. And at the state levels, a big part of why I'm stepping into what I see in the leadership vacuum.

GLENN: So I think that Donald Trump has ushered in a completely new era that is not even, nobody even begins to understand it yet. I think he is going to be remembered as our first real technology president. And he is changing everything about this system. And it's long needed to be changed. But when it comes to like last night in the House, they passed a budget. The budget really -- I mean, I guess, it's a step in the right direction.

But it's still growing the deficit. And, you know, it has some good things in it. It has some other bad things. You have congressman Davidson from Ohio, that voted against it last night. And part of me is with Massey, and people like that are like, hey. You know what, we've got to cut, cut, cut. How do we get America or the people of Ohio, or the -- the Congress and the Senate to understand, trillions of dollars need to be cut. No more eating around the edges. Trillions of dollars need to be cut. How do we get there?

VIVEK: Well, the truth is. One of the paths is grow, grow, grow. Goes to that spirit, you talked about. That's where I think as the great leader of state, you can at least help in that regard. Whereas, if you're depressing economic growth.

Then your debt to GDP ratio becomes even worse, because your GDP growth rates are lower.

So one of the areas to focus on is just robust economic growth to mass deregulation, through mass unlocking of private sector potential. Through slashing and burning bureaucracy within wherever necessary. And that's one positive side. On the other side, Glenn. And you raise a good point here. I would just say, there are ways to rationalize the budget that actually lifted people up in the process. I'll give you one example. And I will lead the way here in Ohio. On this front. Is reattaching work requirements. To welfare, Medicaid, and other forms of aid.

GLENN: Yes. Yes.

VIVEK: I think it is not compassion. It is cruelty to increase somebody's dependence on the government. The way we are going to save our country is not through greater dependence on the government. But independence from it. We're not victims. We have this victimhood mentality.

That the ends justifies that. We are done with that victimhood culture. We got to move on. We're victors, not victims! We don't whine, we win!

You help somebody to stand up on their own 2 feet. That's a great way! You are looking at a lot of the spending in Medicaid. A lot of spending in welfare. That's a great way to bring down spending. Even more importantly, it's an even better way to help those Americans to actually realize the American dream, rather than to be permanently dependent on a state that serves as a ceiling, for what they're able to achieve in their lives. And there, a lot of that has to be done and led at the state level. The federal government has a role to play. I think there's also an important role, to, what does a leader look like, who has the spine to step up and actually do that. Oh, I was tasked to Medicaid right now. That needs to change!

And so that's the way I'm looking to lead, and to bring back that culture of work, end of the war on work.

And that does two things. One is it enhances economic productivity and GDP growth. The other thing it does, it brings down our debt and our spending.

But the third and most important thing it does, is it brings back our sense of national spirit and self-worth and individual self-confidence. For so many who have lost that in this culture of victimhood and entitlement and dependence on the government.

It's time for us to graduate from the era of dependence, and move back to our era of independence! Think about that as a modern day Declaration of Independence from the government. A northwest ordinance, that's centered in Ohio. That's where I want to lead us. And I personally think, Glenn, a lot of politically homeless people. Independents, Libertarians, not just Republicans. Maybe even some orphan Reagan Democrats will come along with us, for this ride, and I think that's a good thing.

GLENN: Vivek, you know, we met each other, maybe five years ago, and I really liked you then. But I wasn't sure I wanted to watch you for a while. I know who you are. And I'm not going to endorse you because I like you too much.

You know, to endorse, but I will tell you, I am on your train. I just think, you would be great for Ohio. And so it's an endorsement, without being an endorsement, because I don't want to jink your candidacy. But best of luck.

VIVEK: That means a lot to me. And hopefully we'll set a good example, and learn some lessons from Texas as well.

GLENN: Yeah, thank you. All right. Buh-bye. Vivek Ramaswamy. Now running for governor.

You can find out all you need to know about him at V-I-V-E-K. VivekforOhio.com. VivekforOhio.com.

Rumors explained: Is Fed Chair Jerome Powell OUT?!

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

Transcript

Below is a rush transcript that may contain errors

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

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

What the heck?

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

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

JASON: Well, yeah.

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

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

But he's considering resigning.

GLENN: Yeah. You know why.

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

GLENN: So do you know why?

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

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

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

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

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

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

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

Okay?

And they suggest, who the president can select from.

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

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

Did you know that?

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

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

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

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

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

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

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

But interest rates keep coming up.

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

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

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

Because I don't think he was ever right.

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

I want them down. I want cheap money again.

He refuses. So what has the president done?

The president can only fire him, with cause!

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

You find a cause, and this one is easy.

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

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

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

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

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

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

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

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

Excuse me?

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

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

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

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

They have a rooftop garden they're building.

JASON: Okay.

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

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

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

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

That's what's happening.

JASON: I looked at that a lot.

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

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

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

JASON: Oh, my gosh.

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

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

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

We will lead by example.

No renovation. You know what, go to IKEA?

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

So what do you say, we go to IKEA?

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

That's what a leader would do.

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

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

Is he trying to undermine President Trump on this?

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

I think so, to some degree.

I mean, I'm worried about inflation.

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

JASON: What's happening with Japan?

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

This is target to crack. The foundation.

1989.

Let me go back to 1989.

This was the crown jury trial of the global economy.

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

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

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

GLENN: Oh, yeah, they owned absolutely everything.

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

JASON: Wow!

GLENN: Okay?

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

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

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

Okay?

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

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

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

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

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

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

So they've done this for decades.

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

I think, what is ours?

100?

80 percent.

Something crazy. 120. You never believe back.

The death threshold is usually 120, 140.

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

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

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

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

Are you following this still?

JASON: Yeah.

GLENN: Okay. So their government bonds.

They were the safest investments on earth.

One of them. Okay?

It's us. Japan, Germany.

They started to fall.

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

All right?

So they borrow all this money.

260 percent of their GDP is borrowed. Okay?

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

2 percent interest.

And they were paying people.

2 percent.

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

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

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

What happens when yields go up?

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

Okay?

You add two or three points.

Just imagine, you have an adjustable rate. Okay?

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

And it's all leveraged.

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

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

So massive problem.

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

They know the con game is now over.

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

Because I just don't believe you anymore.

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

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

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

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

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

Now they're like, wait a minute.

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

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

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

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

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

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

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

Japan has to pay their bills.

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

And you don't have any money coming in.

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

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

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

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

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

Okay?

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

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

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

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

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

Okay? Really, really bad.

Now, let me add this on.

Germany is now having to pay for their own army.

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

To build the army.

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

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

Well, Germany has some assets, they can sell.

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

US treasuries.

We have been playing an extraordinarily horrible game.

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

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

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

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

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

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

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

THE GLENN BECK PODCAST

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

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

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

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.