RADIOMarch 17, 2022

What the Fed’s interest rate hike MEANS FOR YOU

In an effort to curb rising inflation, The Federal Reserve just announced an interest rate hike of 25 basis points (one-quarter of one percent). It’s the first time the Fed has raised such rates since 2018. So, what exactly does this mean and how could it affect YOU? Carol Roth, financial expert and author of ‘The War On Small Business,’ joins Glenn to break it all down…

You can read more of Carol's take on this issue here: https://www.theblaze.com/op-ed/roth-what-the-feder...

Transcript

Below is a rush transcript that may contain errors

GLENN: Hello, America.

Yesterday, the fed raised the -- the interest rates.

And they said, they're going to do it, I think six or seven times more this year. This could get dicey in many ways, for everyone.

And I want you to understand, what happened yesterday. And not in terms of, well, you know, us traders believe. I don't care. I don't watch CNBC. Because I only understand about half of it.

I want to know what this means to the average person. Carol Roth joins us. The author of the war on small business. She gets it. And can explain what it all means. In 60 seconds.

Carol, welcome to the -- welcome to the Glenn Beck Program.

CAROL: Hey, Glenn. Lots of things to talk about.

GLENN: Yeah. Boy, I have a long list for you too. So let's start with what happened yesterday, and why people should care.

CAROL: So I want to take a step back, and talk about, you know, why the fed did what it did. In terms of raising interest rates. What we call 25 basis points, or a quarter of a percent.

100 basis points is 1 percent.

GLENN: Okay.

CAROL: And basically, they were undoing the -- at least attempting to start to undo the effects of what they in part cost.

Their monetary policy, zero interest rate policy, printing trillions of dollars, the government spending trillions of dollars, in terms of fiscal stimulus. Turning parts of the economy off, and wrecking these labor markets supply chain.

All of those things are the reasons we have inflation today, exacerbated by decisions that the Biden administration made around oil and gas, dependents and what not.

So basically, we had inflation.

GLENN: Correct.

CAROL: Which we've all been talking about. As we go to the grocery store, and certainly the fuel pumps and whatnot.

And so finally, they said, we have to do something. Now, I'm going to tell you, this is a little bit of window dressing. Because they were doing accommodation. They were in the market, purchasing securities, last week.

So last week, they were being accommodative.

But this week, we have to maintain our credibility, and we need to do something. So they decided to raise what is called the fed funds rate. It's a rate, where banks lend to each other overnight. In terms of their reserves.

And that reverberates through the market. So they brought that down to a target, of zero to a quarter of a percent. And they had held it there for the last couple of years. And they said, okay. Well, you know, inflation is getting away, we better raise some interest rates. One of our tools in order to do that. And they took the huge step of a whole quarter of a point increase, to do it.

GLENN: Wow.

CAROL: Yeah. They're very -- because they need to be credible.

GLENN: Right. So the last time we had a problem of this size, it took an interest rate of about 19 to 20 percent, if I'm not mistaken.

Raising it a quarter is really -- is a joke.

Where do you think, these interest rates should be?

Not -- not considering killing the economy.

Just where it should be. Should it -- if we were in a healthy country, still, would it be 20 percent, or more?

CAROL: So there's a couple of things to unpack there.

First of all, this is an unprecedented situation. We don't have a benchmark, because we have never had central banks, not just in the U.S. but around the world, printing trillions upon trillions of dollars. This has just never happened before. We've never had governments turn off the economy.

You never have a situation, where there's 1.7 jobs available, for every job seeker, because of what the government did.

So we're flying a little bit blind. I've always been a fan of normalized interest rates. I think it's a horrible idea, to have the fed meddling, and trying to direct things.

I want the market to set it. And so before all of this nonsense started, before the financial crisis, the great recession, financial crisis in '07 and '08, which was really the first time we went totally off the rails, with the zero interest rate policy and the purchase of securities, the interest rates were around 5-plus percent. And that seems to be, you know, a healthy place, where things should be.

We should not be in a place, where we're saying, you know, when you take risks, you shouldn't be getting rewarded for it. You know, 0 percent interest.

It makes no sense. So in reality, you're still at very historically low interest rates. And in a healthy economy, to have three, four, 5 percent, would be completely acceptable. We just have been so addicted to this easy money and this free money for so long, I'm not sure how we get out of this.

GLENN: Okay. So there's a couple of problems with 5 percent interest rates, right now. One would be that people would not be able to afford a new house, et cetera, et cetera. Because of inflation, and everything else.

But the other, that nobody ever talks about, is that we now have a national debt over $30 trillion. And that is just like buying a house. You have an interest rate, on that.

If we have an interest rate of 5 percent, how much more money do we have to pay?

CAROL: Bingo, this is the dilemma that the fed has gotten themselves into, by keeping down interest rates. They've basically given the government a free pass to just spend and spend. And to rack up more and more debt.

And we're at a point, to where the debt is completely out of control.

And, you know, has competed our level of GDP.

So if you think about 30 trillion of debt. And obviously, the fed fund rates. And the interest rate on the debt is not a 1:1 correlation. But we know that as one moves up, the other moves up. So in terms of the interest on our national debt, I want everyone to pay very close attention because this is staggering. For every 1 percent increase, that is another $300 billion, that we have to pay in interest, on the national debt.

That is our tax dollars, that are going to pay more, for things, that we have already purchased.

It is not new purchases. It's literally, a finance charge.

Almost like a credit card interest rate, on stuff we have already bought.

And this is the dilemma, the fed has. Because they know, as they raise interest rates, this is going to get out of control. The CDO. Had made a projection, than saying, this is going to get out of control. But in their projection, they said, well, we think the yield on the ten-year treasury note, gets to about 2.1 percent in 2025.

So, you know, we're going to have to really be concerned, maybe in 2029, the yield on the ten-year Treasury note is at that 2.1 percent today. So multiple years ahead of time.

GLENN: Please talk down to me like I'm in kindergarten.

I don't understand the yield thing with the Treasury. How that works. How that's affected. So can you explain that?

VIVEK: Yeah. It's basically how much the government has to pay on debt.

So what the market demands

And obviously, if there's a lot of demand, for Treasury securities. The price of that goes up.

Then the yield, or the interest that you demand is lower.

Because there's a lot of demand. You have to pay a lot for your debts.

GLENN: But we had been at very, very, very low --

CAROL: Very low.

GLENN: Because the fed was buying up. There was no demand for our treasuries, which is our loan.

CAROL: So let me put it in context, what we're paying currently on our national debt, in terms of a combined interest rate, is somewhere in the neighborhood of projections of 1.4 percent to 1.6 percent. So they've been able to finance that at a very low rate. But that number is starting to creep up. And with the fed increasing interest rates, it will further creep up. And every 1 percent is $300 billion.

GLENN: So if we have an interest rate of five or -- five or six percent, we're talking like between two and three trillion dollars more, the entire budget.

CAROL: Yeah. Exactly.

It's just completely untenable, at that point in time.

So I would -- I would imagine other things happened, in the interim. But this is why, when we talk about things like MMT, Modern Monetary Theory, or what I call Magic Money Tree.

That says, well, you can just print into infinity, because we can just print more. Well, we're now living through that realtime experiment. As you said, no, you can't. It causes inflation.

It has real costs for the average American, and it decreases the value of every dollar that you hold.

GLENN: All right. So the best thing you can do is get out of credit cards. You should cut those up if you can.

CAROL: Yes.

GLENN: And pay them off if you can. Get a refi right now. Because you're probably paying about 16 percent for your credit cards, correct?

CAROL: Yeah. And it could be going up.

And anything that has that adjustable interest rate associated with, some people may have something called an arm and an adjustable rate mortgage. Where it adjusts over time. Maybe it's fixed for a certain number of years. Anything that is adjustable rate debt, is going to increase in price. And if you need financing -- let's say you have a business, and you haven't taken advantage of low rates yet. You're going to want to lock that in on a fixed basis now, because it's not going to get cheaper any time soon.

GLENN: Now, the other problem is, with raising interest rates. Let's say you have a business. And you need a loan.

If the interest rates starts to go up, that kills that business. They can't afford that loan. Just like we can't afford our national debt. Or you want to buy a house. Yesterday, mortgages. New mortgages fell immediately, just on the -- on the whisper, that it was coming.

We are seeing a slowdown in mortgages. Which means people will buy fewer houses. The scary thing about this, is you don't know where that switch is. You're just going to have to kind of guess. And it might shut everything down.

CAROL: That's the needle that the fed is trying to thread, in addition to dealing with the consequences of the national debt. What happens, is as they raise interest rates. You know, their intention is to slow down the economy. I mean, that's basically what it is. They want to slow down consumer demand.

GLENN: Right.

CAROL: But the question is: How do you do that, without creating a recession, or without creating reverberations for the economics of the average American?

GLENN: So can I be really, really cynical? I mean -- in fact, let me go beyond cynical. Let me go into, I'm a thriller writer. Okay? And I'm writing a thriller. And for some reason, this country needs to slow down the economy. But they can't slow down the economy, because then businesses will fail. But they don't really care about the average person. You know what I mean?

That's going to fail. We'll print more money. Put them on welfare. Tell they believe to stay home. Or whatever.

Wouldn't one way to slow the economy, for the consumer, but not slow the economy, for the big corporations, would a war do that?

CAROL: I think that would completely change the tenor of the economy. But I think that raising the interest rates does that, because kind of like we saw over the last couple of years, if you are a big corporation. You take advantage of that debt. You have that war chest. We've had that strong balance sheet. So in terms of the transfer of wealth, that is one way to do that. But the war, that would completely change the tenor of, you know, who benefits. And certainly, it would be the bigger guys versus the smaller guys. But it would be more defense, rather than the financial services industry, for example.

GLENN: Yeah. Okay. Carol, hang on. I have some more questions. And I would like you to explain a couple of other things, coming up in just a second. Give me 60 seconds. We're back with Carol Roth. The name of her book, is The War on Small Business. A must-read.

GLENN: All right. So I want to talk to you about the dollar being the world's reserve currency.

Because I'm watching these sanctions, that are being put on.

And I'm seeing things happen, to where, if I'm another country, especially Russia. I'm going to China, immediately, saying, I want to partner with you. Because they just made my money worthless. I can't get my money out of the central bank. The Federal Reserve. That's my money.

And they won't let me get to my money. If that starts to happen. And then Saudi Arabia starts to sell oil, off of the petrodollar, that's really bad news. And let's say, the West holds together. But half the world is off the petrodollar.

What does that mean for us, Carol?

CAROL: It potentially means the end of the U.S. dollar, as a reserve currency.

GLENN: Explain what that means. Because -- I mean, to the average person. Forget about, you know, the central banks and everything else. What does it mean to the average person? To have half the world get off our dollar?

CAROL: Yes. So this is why I love you, Glenn. Because we take the most complicated concepts in the world.

GLENN: I know.

CAROL: And trying to explain them, as if, you know, it's Elmo and Big Bird here --

GLENN: Right.

CAROL: The idea of being the reserve currency. Is something that's -- you know, has sort of a long history. And it means, particularly in the case of goods and services. But also in the case of oil, that everyone in the world, pretty much agreed to use dollars, for a settlement. And that puts some responsibility on the United States. There's something that is called the Triffin dilemma. And there was an economist back in the 1960s, who basically said, there's a conflict. If you are going to be the world reserve currency, you're going to have to make tough choices. And you're not always going to be able to do what's right, at home, in order to make sure you're doing what's right, in the national sphere.

GLENN: Everywhere. Yeah.

CAROL: And unfortunately, you know, this has been an issue, that's been going on for a long time.

But in recent times. As we've been talking about with the fed and the decisions they've made. They actually haven't done right by either party.

They've been screwing over the average American, with their policy. And transferring wealth. But they've been doing the same thing in the national sphere.

And, frankly, a lot of countries are getting sick of it.

And so there have been predictions for quite some time, that there was going to be an event -- an adviser actually to the OECD said that it's probably not an economic event. It's a geopolitical event, that's going to expose the system. You know, wink, wink, nudge, nudge. And so a lot of folks feel like the sanctions that were made against Russia, were potentially a cover story. That we know that we'll potentially lose this reserve currency status. So we're going to say, well, we did it, because we had to take a stand.

But the reality is, you know, as we've now shown the world, you can put your money, in our central bank. And you can buy Treasuries. And U.S. dollars.

But you might not be able to access them. Which is not a really good thing, if you're going to be the world's reserve currencies.

GLENN: Correct. Correct.

CAROL: So there's a couple of potential outcomes. And I know you've been talking about this, Glenn. But, you know, one thing that folks have been talking about.

Is does China potentially step into the reserve currency position?

There is an issue around them. Because usually, if you have the reserve currency, you run a trade deficit. And we know that China is a nation of exporters. Are they really going to step into that? I'm not sure.

The other thought is, listen, we've seen so many banks. Central banks around the world. Print so much money. There's all this debt. You can't really just say, we're going to cancel it all. Because there's counterparties. There are people on the other side of the debt. So what could you do to offset that?

GLENN: Hold on. Hold on. Elmo and Big Bird has to stop. Because Elmo says, there's only 20 more seconds left.

CAROL: Okay.

GLENN: So we will come back. Because I really want to hear this -- this other new plan, and canceling debt just opens up Pandora's box, at least in my head. We'll talk about that, coming up more. Carol Roth, coming up in in just a second. Stand by. That's right. Did you get the vaccines yet?

GLENN: We're with Carol Roth. She's the author of the -- of the book, The War on Small Business.

She's a former investment banker. Don't hold that against her. She calls herself a recovering investment banker. She worked on Wall Street for years and years. Then kind of went, oh, I might be on the wrong side here.

And is trying to do everything she can, to strengthen individual businesses. Small businesses all across the country. And I love her for it.

Carol, you were just saying, that one of the options, in this nightmare scenario, which I think is unfolding in front of us. Where the world reserve currency, is not going to be the dollar.

I don't know what it is. But they're going to change the dollar, from what it is. To a digital dollar.

And I don't know how it all shakes out. But probably not very well.

But you brought up, there is all this debt within that we just can't cancel, because there's other people on the other side of that debt. So explain what you think.

That can't happen, you say.

CAROL: Well, I mean, nothing is a never scenario. Right?

GLENN: Not anymore.

CAROL: In an unprecedented situation. And, you know, for people who are students of history, despite all of the wreckage that could come from this, it's a very interest pointing in time. Especially, financially, you had the U.S. dollar as the world reserve currency. You had then us going off the gold standard. Then you had us, you know -- with the petrodollar, basically saying, we will manage the dollar as good as gold for oil.

And then you had the fed, basically go completely rogue. And not do that.

And anybody who is holding reserves, that they're supposed to say, well, the U.S. dollar is safe. And it's a good store of value. We'll keep devaluing it. That's not a thing.

And so -- and, by the way, these are not my theories. I'm just communicating what is out there, from people who are far smarter than I -- everybody by writing up another asset. So is there a neutral asset, that central banks have access to, that's on their balance sheet, that maybe they have been buying, at really good prices, that all of a sudden everybody comes together, and says, well, we'll just write up the value of that?

It's like writing down the -- gold.

GLENN: Gold.

CAROL: So central banks have been buying tons of physical gold. By the way, billionaires have been buying a lot of physical gold as well. And I'm using the term physical, because it's different than the market that is traded.

GLENN: ETFs. Those are ridiculous.

CAROL: ETFs. That's done in dollars. So who is backing that?

But physical gold. So there is a theory going around, that potentially that standalone basis or a basket of neutral metals. Which was thrown out as an idea, early on. When it was pushed aside for the U.S. dollar. That maybe there is this -- meeting of the minds.

And, you know, this is the way that you make all of these other central banks. And countries full. Is you just write up the value of that gold.

So if you think that that's going to happen. And you think that the financial system is going to collapse, you know, then you want to be owning physical metals. And have a store of that.

GLENN: Because when you say, they're going to write off debt, you don't mean people's houses. You mean --

CAROL: No. This is government debt. They cannot write up government debt. Because when you take -- that's a loan, right? You owe the money back to somebody. So the other side of potentially doing some sort of. We'll have mass forgiveness.

Is that when you take something else that everybody else has. And you say, it's more valuable. Overnight. It's magic.

GLENN: That doesn't sound like --

STU: Bad magic trick.

GLENN: Yeah. It sounds like -- we're dealing with a lot of black magic.

Stu and I were talking about this story that came out of Britain. We hadn't heard anyone talk about this. Explain what happened.

STU: Yeah. Just a little background. It's in the London metal exchange.

And it's the price of nickel. Now, I know no one cares about the price of nickel. Just to give you the basis here.

GLENN: Tesla does.

STU: Yeah. That's true. If you're buying an electrical car, it's true. Basically, the last five years has bounced back and forth between 10,000 and 20,000 per metric ton. Okay?

It got up to a little bit above 20,000, in the last few weeks. Obviously, all this time going on with Russia. Russia, Ukraine. Big sources where it comes from, for all these electric batteries. It goes basically from 20,000 to 80,000, in basically a day.

Okay? So four times, in one day. So let me read this: This is from the Wall Street Journal.

GLENN: Listen to this. Have you read this, Carol?

CAROL: Oh, I know this story. I do know this story. So we can talk about this.

GLENN: Yeah, this is crazy. Listen to this, America. This is craziness.

STU: Yeah.

So traders on the London Metal Exchange smelled blood, and nickel prices almost doubled in a short period of time. A Chinese company faced a 1 billion-dollar margin call. That exchange officials felt they couldn't meet. Rather than let it fail, which would have probably taken down several of the smaller brokers that serviced them. The London metals exchange decided to cancel all of the day's trading. More than 9,000 trades, worth about $4 billion.

It canceled the trades. Not because of a fat finger error. Which exchanges often cancel. Not because of a rogue algorithm, as regulators claimed in the 2010 flash crash in U.S. stocks, but because someone with too much leverage was going to blow up, with effects on some members of the exchange.

This moral hazard is taken to an extreme. It's always been true, that if you face a 100-dollar margin call, it's your problem. While if you have a one billion dollar margin call, it's the broker's problem. And the authorities might save them. What is almost unprecedented here. Is the exchange authorities decided to save them, with money taken from other traders, who otherwise would be sitting on fat profits.

I mean, you won. You picked the right direction. You've got these huge profits. And they cancel your trade, to save someone else.

GLENN: And it's China.

STU: And it's China.

GLENN: I mean, there is no such thing as a free market with this.

CAROL: No. This is another too big to fail scenario. It happened to be -- I believe it was an individual billionaire, who had made a short set against nickel. So he went in the other direction.

GLENN: Wow. I mean, then you don't -- you don't put the money down on the table. If you don't know what the odds are, and you're not willing to lose your money.

That's like going to Vegas, and -- and placing a huge bet, and when you lose it, you're like, hey.

You know, Caesars. I mean, this is crazy. And Caesars says, oh, we're not going to count that bet.

That doesn't happen!

CAROL: It's horrendous. And it goes back to the integrity of the market. And so many that the retail investors have been rallying against. And it's just another example. And there are big name banks involved. The exchange was actually shut down for multiple days, I believe. Before it started trading again.

And the people who made a bet, and decided to participate in the market, ended up getting screwed out of their profits. But they're never going to get the leniency, if it happens to them on the other side.

GLENN: No.

CAROL: And just the overall integrity, like you said. This is not a free market. It's not a fair market.

And we have too many of these big guys, who are being saved, at the expense, sometimes literally, sometimes figuratively, of the small guys, over and over and over again.

GLENN: And that's what I think people are so sick of.

And when they see this next crash. Especially with Janet Yellen saying, it will be equitable. When we reassemble, it will be equitable. What the hell does that mean? Probably stuff like this. And when they see the rich getting richer. And I don't mean a person who runs a business and may have a million dollars.

I mean the rich.

The elite of the elite. The BlackRocks of the world.

The banks of the world.

I just -- when their debt is being bailed out and real Americans are paying huge money for their food and their gas. And then their home is taken, there's trouble. That's real trouble.

CAROL: Yeah. And unfortunately, that is the scenario. There's one thing to become wealthy, because you earned it in a fair playing field. That's something that we want to celebrate. But we do not want to celebrate, when the playing field is tilted. When somebody has their thumb on the scale. When we have this transfer of wealth from Main Street to Wall Street. Which has been going on for, you know -- in a very large part, for a decade and a half. But it has accelerated over the last year and a half. And, you know, we talk about all of this coming to fruition. And us losing reserve currency status. It's going to mean a slower economy for us. Because we are not in a position. We don't have the strong manufacturing face. Or a competitive pricing. To be able to export. So all these people are like, oh, that's great. We'll reshore the job. They're not thinking in context of the existing economic structure. It will be unfortunately, very painful. But just to have a moment of hope here, Glenn. Because this is really doom and gloom. Is you have to remember, in any time of pain, there's always opportunities. So it is incumbent upon you, to find where those opportunities are. And what --

GLENN: So average person is saying, what is that opportunity?

CAROL: Yeah. It's finding the things that have inelastic demand. Meaning, people will pay prices even when they're continuing to increase and making investments and those kinds of things. Or retooling your business. To be servicing those markets. It's those kinds of shifts, where you have to look for those hidden opportunities.

In what could be a completely new economic scenario for us, going forward.

GLENN: I -- I think what you just said, translates to what I just told my kids.

You get into the job market. You have to be the most effective, efficient, and hard-working employee. Even if you're not at the top of the food chain, you have to be the one that the boss says, oh, we can't.

Because he'll do everything. I mean, he's a little bit. I mean, he works like crazy. You have to be that person. Right?

CAROL: Absolutely. Absolutely. Invest in yourself. And make yourself indispensable to a customer or to somebody that you're working for.

It's a huge competitive differentiation that will only get more important.
GLENN: I would love to have you on, maybe early next week. I just had one of my producers put some stats together on inflation.
And what that actually means to people. I mean, when Biden got in, a hamburger. An average hamburger was $4.40.

Today, that average burger is 601. And if we look at what they say, things are going to be, you know, with -- with the -- what are they saying? 7.9 percent inflation.

That number is going to be $7 force a burger by the time of the next election. I don't think that stat is right. You want to compare apples to apples. Look at how they measured it back in the 1970s and '80s, when we hit it before. That would mean that that hamburger would go from $4.40, to almost $8 by the time we hit a presidential election.

I just want to talk to you about inflation. And how to beat that.

CAROL: Plenty to talk about, would love to.

GLENN: Thank you very much, girl. Appreciate it. Carol Roth. The name of the book is War on Small Business. Make sure you pick it up.

Inside Glenn Beck’s PRIVATE conversation with Donald Trump

Glenn recently traveled to Mar-a-Lago to attend a PragerU event, but got a chance to talk with President-elect Donald Trump as well. Glenn discusses everything he can about the shocking conversation they had, which covered a wide range of topics: What’s happening to South Korea? What’s really going on with the Russia/Ukraine war? Do Biden and the Democrats want that war? How much of a threat is Iran? Why is Trump worried about ‘nuclear proliferation’? Glenn also explains what made this meeting very different than the others he has had with presidents and why he now believes it was a blessing that Trump lost in 2020: He’s a changed man now and he’s coming back with laser focus to change everything FAST.

Transcript

Below is a rush transcript that may contain errors

GLENN: So I don't know where to even begin with -- I just had the most amazing, surreal experience at Mar-a-Lago, last night. Just surreal.

I was there to help raise money for Prager University. And Dennis Prager, who, by the way, let me give you an update on him.

He was severely injured. He fell in the shower. Hit his head, and it snapped his neck back.

And he has injuries to his neck.

And he is making progress. And only Dennis would be as positive. I mean, somehow or another, he's still like, huh? I'm doing great.

And it's going to be a long process to get him back. But he had been -- he wasn't able to breathe on his own. But that is over. And he spoke for the first time, here the last couple of days. And he's fully there. His body just isn't working. But he has a long road.

But he is -- he is doing better.

And believe me, he appreciates and can feel your prayers. He obviously wasn't there last night.

But he still is in the hospital.

So we were there, raising money for Prager U. Who they're just doing amazing things.

If you want to give for education, what they're doing now, on education, and Prager U. And the impact that they're having, is incredible.

Just incredible.

Dennis Prager. You know, Rush Limbaugh, when my generation, and maybe the generation, you know, after me, when we would go, people will remember Rush Limbaugh, if they read about the history of, you know, people who made some impact.

But even Rush Limbaugh, for his important and his legendary and as game-changing as he was, will eventually be forgotten.

I don't think Dennis Prager will because of Prager University. That thing is making a huge impact. And well worth your support, and it would I think make Dennis feel a lot better, knowing that they raised a lot of money last night.

And they really need your help. They have huge plans. Just go to DennisPrager.org -- it's PragerUniversity.org. And if you have some money that you would like to invest in the future, that's a great place to invest.

So I get to Mar-a-Lago. And I have a few minutes with the president. And I ask him, what the hell is going on with South Korea, North Korea, China, Syria, Ukraine, Russia?

He is laser focused on this. And, again, he reiterated to me, the nuclear proliferation that is coming, is going to be our biggest problem.

He said, we had Iran, absolutely crippled.

He said, I hope we can get them there quickly. He said, but nukes are up for sale now.

North Korea has them. And he said, I don't have any -- you know, evidence that they've sold them. But they are up for sale. And he said proliferation of nukes are coming.

And Russia is still the biggest threat. I asked him -- I just want to be really careful. Because it wasn't. It was just a personal conversation.

But I asked him about the next 40-some takes. I said, I'm very concerned that Biden or whoever is the president of the United States right now, the military industrial complex. Barack Obama. I don't know who it is.

Wants war. And he didn't get into who was the president or anything else. He just said, this man is so incompetent. He said, he has absolutely no idea the history of even Ukraine, let alone Russia.

He said, this -- this -- this should never have happened.

And he said, it is a meat grinder.

He said, when this is all over, and the world can see what's happened, he said, North Korea -- I asked him about the North Korean fighters.

I said, you know, are they good?

He said, Glenn, it's a country of 5 million soldiers. He's like, it's a religion over there.

Their state is the religion. Their supreme leader, Kim Jong-un, is like their God. If he says, you're going to war and you are going to fight and tie, he says, 5 million. And they'll just keep coming.

And he said, it -- the way he described it to me, it almost sounds like colonial days when everyone was just in a line. You know, and, you know, okay. We want to be fair.

We will wear the red coat so you can see where to aim. We are just going to stand in a big line.

I got the impression that that's almost how North Korea.

They have so many people, that wave after wave is coming. And he said, there's no respect for life. None.

He said, it's unlike anything modern. The modern world has seen in a long time.

He said, I don't remember exactly how he said it. But basically, they don't even have tourniquets.

He said, if the guys are shot in the legs, they bleed to death. And people are just walking over them.

He said, you're wounded, you die.

There's no medics coming for you.

You just die because they got plenty of soldiers behind you. And he said, it is bloodshed like the world cannot imagine.

And I asked him, I said, I -- I think everybody wants peace.

And he said, hmm. I think so too.

And he kind of hedged his -- at least this is my impression, that he kind of -- my impression is, we're going to pay a very, very high price.

With Putin. Because we have violated every single red line, with Vladimir Putin.

Everything he said, don't do, we have done.

And I personally think -- this is my opinion. I didn't express this to the president.

But I personally think, one, they want war.

I don't know who they is.

The military-industrial complex. The Biden family to wipe out the corruption.

Ukraine is nothing, but a money-laundering system. That's all it is.

It's money being laundered. I don't know where it's going. Why isn't anyone concerned on how much money we're sending over? All these weapons.

They're being sold on the black market to our enemies.

What the hell is happening? Why is this happening?

And so my personal opinion is, either they're trying to wipe out -- remember, the Hunter Biden thing is for ten years.

For crimes that he's never even been accused of.

Statute of limitations runs out in five years, on most things.

Except for like murder, human trafficking.

Treason.

Things like that.

But he's been -- never before in American history, has this ever happened.

Never before. A blanket pardon for anything he did, from 2014.

Gee. When did he go over to Ukraine? 2014.

And so I don't know if they're just trying to buy their way out of trouble. They want a war to destroy all of any evidence, or anybody involved.

I don't know.

But somebody wants war. And it might just be the military-industrial complex, just saying, you know, we really need to upgrade our military. So let's just give them all this old stuff. And we'll make new stuff for you, America.

It could be that.

It could be the State Department. The State Department. And I won't give you his response.

But I said, you realize, you have the opportunity, because we did talk about how this endless wars are just insane.

And I said, it's the State Department. It's the -- and you can -- you can stop that nonsense.

You can just fire them all.

And get people in here, who don't think the same way Woodrow Wilson did over 100 years ago.

He's very well aware of that.

And things are going to change. I was -- everything we talked about, he was laser focused.

I mean, you know, I've met with presidents before.

I met with Ronald Reagan

I met with George H.W. Bush. I met with George W. Bush. And I met with Donald Trump.

I have more confidence in Donald Trump now, than any other president I've met with. The guy is super, super informed.

It is a blessing, honestly.

It is a miracle, that he lost in 2020. And I say that, you listen to this show. You remember what I was saying. We're all doomed. We're all going to die. Okay?

The country is over if we don't correct this in four years. We would not have had this president, the man he is today, if it wasn't for his loss in 2020.

He had four years to go, okay. What did I do wrong? How did they get me?

How did they thwart me? How do I stop it? And how do I reverse this machine, while dismantling this machine? He is laser focused on that.

And if he said it once to me, he said it a thousand times. Glenn, it's going to be breathtaking. It's coming. Change is coming.

And it is coming fast. They are not going to know how to deal with it.

I'm filled with confidence, and, again, I say this with the caveat, that, you know, the left will never say.

But I say this with the caveat that I would say on any president. As long as he's constitutional. As long as he's following the Constitution and the laws, he -- he is going to be remembered as one of the greatest presidents of all time.

Because he's at least going to give it a college try. I mean, he's -- he's going for it.

We talked about his appointments. And what he had planned. There's some things that -- well, recommend take a one-minute break.

GLENN: So when we're looking at the world stage, everything that's happening is happening because America vacated the leadership role. I hope Americans realize, without the consequences, at least so far, how close we are to seeing what happens to the world, if America leaves the world stage.

And I don't want to be the world's policeman. I don't want to be involved in foreign wars.

The president doesn't want to be involved in foreign wars. He wants to end them. He wants us to concentrate on us.

But somebody has to be there, to say, knock it off!

And he's the guy -- he's already doing that. It's conversations of some conversations he has recently. And the world is being put on notice.

I'm back, very soon. You might want to change your behavior. Because everything you have been doing, is not going to happen anymore.

And I wish I could express the things that he expressed to me. Because he would be so excited.

He would like, oh, my gosh. This is fantastic.

STU: Isn't this sort of hopeful about the whole Russia, nuclear war stuff too.

Why would Vladimir Putin with eight weeks left, start what winds up being a nuclear war, when he's got somebody who is going to be a lot more sane in office, just a few weeks away.

GLENN: So because this is my impression.

Because he's being backed into a corner by Joe Biden. Every red line. He does not want to do it. But he's getting pressure from the hard-liners, in his country.

STU: Right.

GLENN: To use just even tactical nukes. Which we don't know what that would cause.

STU: Yep.

GLENN: And what our response would be -- if he drops a tactical nuke, Joe Biden will launch. He will. He will. He will.

STU: Put that's a massive step. Tactical nuke. That will be a massive thing. Why would he do that, knowing that this whole situation changes?

GLENN: Again, things are so dynamic.

Look at what's happening.

I wish I could get the president on the phone, to just have the conversation, he explained it so well.

STU: Sure.

GLENN: Look what's happening with Turkey. With Syria. With Iran.

Ukraine, Russia, North Korea, China. And South Korea.

They're not disconnected. Okay? They're all connected.

STU: Uh-huh.

GLENN: To each other. And he is -- he is confident that the Middle East will be solved. He's like, we'll get the Abrahamic Accords back.

They've dealt with me before, in the Middle East.

They know.

He said, everything else around the world is so on the edge. He was really pissed.

He was like, none of this -- I just would like to remind you, none of this was happening four years ago.

STU: Yep.

GLENN: He said, this is all because of incompetence, stupidity, and a complete misunderstanding of how the world works.

And he -- he, again, reiterated, nuclear war is -- I mean, every time I see him. And he must have said it three times last night. Nuclear war is real.

And it is endgame changing. And he said, at all costs, we have to avoid that.

Mom ARRESTED for letting son WALK TO STORE speaks out

Brittany Patterson was recently arrested in Fannin County, Georgia, after a police officer found her 10-year-old son walking by himself. She was charged for violating the “reckless conduct” statute, which was ruled unconstitutional in 1997 by the Georgia Supreme Court. Brittany and ParentsUSA Executive Director & General Counsel David DeLugas join Glenn to tell this dystopian story. You can find out more and join the fight to protect parental rights at https://parentsusa.org

Transcript

Below is a rush transcript that may contain errors

GLENN: Brittany Patterson is on with us now.

And also her attorney. Want to make sure that she doesn't say anything that would cost her in court.

David Delugas is with the Parents USA.

He's an executive director, and general counsel. Brittany, tell this audience your story.

What happened to you?

BRITTANY: So basically I have two kids that homeschool. And two kids that go to public school.

And any time I leave the house to run errands, or take somebody to the appointment.

The homeschool kids always get the choice to stay or go.

So on this particular day, I had to take my older son, to an appointment.

And so I had to pick him up at school, and take him.

And I thought that both my homeschool kids were going to come.

But when I went back to holler for them. They didn't answer.

I waited for a minute.

Hollered again. Didn't answer. So I figured, he didn't want to come.

And he was somewhere out on the property.

Or somewhere in the House, where he couldn't hear me. Or something like that.

So, I mean, went ahead and left. And went and picked up my son.

Took him to the doctor. And while we were at the doctor, I got a call from a sheriff's deputy, saying that she had found Soren, less than a mile from our house. In a little tiny town of middle bluff.

GLENN: What's the population of that town?

BRITTANY: So I don't know exactly. But it's like 350, I think, 370 something like that.

GLENN: 370 people?

BRITTANY: Yes.

GLENN: Okay. All right. So huge metropolis.

BRITTANY: There's a four-way stop sign. That's all there is.

GLENN: Okay. Okay.

BRITTANY: So, anyway, she started asking me questions. If I knew he was there.

Of course, I said no. Because I didn't.

And, you know, she seemed very concerned that something terrible was going to happen to him.

I was not concerned.

So basically, she ended up putting her in her car. And bringing him back to my house.

And my dad just for some background. My dad lives in our basement apartment.

And he's pretty much here all the time.

Because he has a physical disability. So he can't drive.

GLENN: Okay.

BRITTANY: So there's basically always an adult in my house with my kids. Not that there needs to be. But there always is.

GLENN: Okay. And, I mean, want to make sure. Your kids are 11, 12, 14, and 16.

And at the time, Soren, the child that was out walking. Was ten. Correct?

BRITTANY: Correct. He was a few days from turning 11. But he was still ten.

So they brought him home, and dropped him back off at home.

With my dad down stairs. Which is exactly the same way that I left him.

And they left. And so he was here. You know, without me. Or without the police.

Exactly the way I left him, for about 20 minutes, before I -- and so, you know, of course, I had a talk with him. Because I do tell all my kids. You know, if you want to go somewhere.

Send me a text. Call me.

Let me know where you will go. So that way, I can kind of keep tabs on you.

And he obviously didn't do that. So I gave him a little talking to about that.

And then we just kind of went about our day.

And about five minutes later, around 6:30, is when they showed up to arrest me.

GLENN: Okay. I just -- hang on. I just want to bring people up to speed here.

So you know who you're listening to. She was a kindergarten teacher.

She has a master's degree in education leadership. And curriculum obstruction.

Professional teaching license in Atlanta and Georgia. Her husband, Josh. Been in an organization of 17 years.

At all levels. Has been the superintendent of schools, for seven years.

He has a doctorate degree in educational leadership. She left education to go into real estate, because the demands of the kids' competitive sports wasn't working with her teaching schedule.

And that's who you're dealing with. So you're not dealing with people who just -- who don't know what they're doing with children.

You know, they're teachers. They have a doctorate. They know so much more.

This is -- these are professional people.

That have spent their lifetime teaching children, and being around children.

So when they came to your door, in this town of, how many people again?

Thee hundred --

PETER: About 370.

GLENN: About 370 people.

So, you know, one of them leaving the other 369 at home in their beds. What did they say to you?

BRITTANY: They didn't really say anything, other than they asked me to step outside, and put my hands behind my back. So at that point, I asked why. And the female officer said, because you're under arrest. And so, again, I asked, what am I under arrest for?

And for the second time, I didn't get a straight answer.

She said for the incident we spoke about earlier. So then I asked again, so what am I under arrest for? And she said, child -- or reckless endangerment. Which my attorney has told me is not even a thing that exists in Georgia. It could have just been her misspeaking.

But the point is -- and at that point I was going to ask, you know, what -- what was reckless?

What led to this?

I was going to ask for a warrant, that they basically forced me to turn around. Put my hands behind my back.

And they weren't going to answer anymore with any more questions.

GLENN: That sounds like the Soviet Union. Yes, go ahead. David.

DAVID: Yeah. And Brit knows from the body cam. What we heard is Brit said, last time I checked, it wasn't illegal for a kid to walk to the store.

And remarkably, the deputy immediately says, it is when they're ten!

And I -- I assure everybody, it's not illegal for a 10-year-old to be out and about walking. Not in the state of Georgia, it's not. For a deputy to say, it is illegal when they're ten.

GLENN: I grew up in a different time. So make no mistake.

I'm 60.

I think at about six, I went to the store, for a pack of graduates, for my dad.

I mean, at ten. At ten, you could have bought a gun and bullets!

But now, you know, God forbid, in a town where, many my town of 450 people.

Kids can drive trucks, down the road, because it's a farming community.

Stop treating children, like they're morons. Anyway, go ahead.

BRITTANY: Yeah. Well, the point I was going to make is that when I went to jail, I still didn't understand even though I had asked multiple times. I didn't know really what I was being arrested for.

I didn't find that out, until I got to jail, had already been stripped down and changed and fingerprinted.

And body cammed. And all that stuff.

And then they hand me the arrest warrant.

So at that point, I was ready to read it, and understand what -- what they thought was the justification for arresting me.

GLENN: Oh, my gosh.

Could I just ask, what is this sheriff's name?

The sheriff. Not the deputy. The sheriff of your county.

BRITTANY: So the sheriff of Fannin County is Dane Kirby. And he's been the sheriff for quite some time. I don't know exactly how many years, but several terms.

GLENN: Probably time for him to go away. When is he up for reelection? Do you know?

BRITTANY: I think --

DAVID: Yeah, it's not necessarily -- matters.

I mean, you know, the people in the county can likely become informed, and decide what they will do. But we don't take a stance about his election, or his culpability.

GLENN: Oh, no. No, no, no.

I'm not suggesting you do.

I am. I am -- I am an advocate of sheriffs that follow the Constitution, sheriffs are there. To protect the people of their county.

From out of control government entities.

If they become out of control, the people have the right and the duty to remove them!

So if you happen to live in this county, and your sheriff is Dana Kirby.

I don't know what you're doing.

But I would be out -- I would be -- I would be -- there's only 300, what?

70-some doors to knock on.

I would be knocking on every single one.

Including his. And saying, we need to get this sheriff recalled.

But, anyway, I digress.

DAVID: It's a bigger county than 370. But I get your point. It's an extraordinarily valuable point.

Let me throw this in, while we're talking about following the Constitution. Really, really significant, the statute Brent was charged with violating, is actually called reckless conduct. And, hey, in 1997, the Georgia Supreme Court held that statute unconstitutional because it's too vague and gives law enforcement too much power. So how about that? 1997. You would think in what's -- 27 years? Law enforcement in Fannin County would figure out that that statute doesn't apply.

GLENN: What's the name of this county again in Georgia?
DAVID: Fannin. F-A-N-N-I-N.

GLENN: F-A-N-N-I-N?
BRITTANY: Yes.
GLENN: Fannin County in Georgia.

Okay.

So what's next for you?

BRITTANY: Well, right now, we're just kind of in limbo. There's not been any real communication from the county. There's been no offers put on the table, or anything like that.

So really, kind of it's up to them, you know, what happens next.

They have multiple options that they could, you know, decide on. But in the meantime, you know, David and I have just been kind of raising awareness. Because before this happens to me.

I was living in the dark. I had no idea that this was even possible to happen to anybody. Review and since I kind of went public, and, you know, I've just been getting comments.

I've even gotten some cards in the mail and emails, and stuff like that.

From people all over the country, who some of them have found themselves in a similar situation, you know, at some point.

And so it kind of opened my eyes they can't be this is something that does happen.

That I think just a lot of us parents didn't even realize it was a possibility that was happening.

And so I'm just trying to bring that to light. That, you know, we do still have to kind of fight for our parental rights. And make sure that those are something that we get to hold on to.

Because I found that no matter which side of the aisle, people are on. Whether they want to be overprotective. Or let their kids be wild and free.

Both sides don't really want the government involved.

They want to be able to make those decisions as parents. And so it's just been interesting to see. Even though we might have philosophical differences on how to approach parenting. That we can still agree on that same thing.

GLENN: I mean, if you're sending your kid out to go to the store, to pick up some extra ingredients, so you can cook crack in the basement. That might be a problem.

But letting your kid go for a walk, to the store is absolutely normal. The country is out of control, when it comes to everybody and everything is a danger.

It's not. We're creating a society, where kids are -- are still kids, when they're 30 years old. And they don't know what to do.

Give your kids credit.

DAVID: You're on point there.

Absolutely. Let me throw a plug in for an organization called letgrow.org.

And they published statistics and advocate for parents providing more responsibility and freedom for their children, because it's better for kids.

And one of the things they at that they do is dispel this notion, that kids are going to be kidnapped and snatched off the side of the roads. So you should never let your kids be alone.

CDC, to the extent that anybody protects the CDC. But the CDC far and away, the most danger that a child is in, is when they're in an automobile.

So what did this deputy do?

Put them in a car, and driving him, during which could have been an arrest.

And even maybe, more -- more dangerous. Could have been one of those calls. Shots fired.

Officer down. This deputy would have been wheeled right to the scene. And taken this kid right into an active shooter.

Don't put kids in the back of a car, because you will give them a ride home. Leave them alone!

4 MAJOR cover-ups Kash Patel would EXPOSE as FBI Director

President-Elect Donald Trump has tapped Intelligence Community veteran Kash Patel to lead the FBI. Glenn explains why he’s a big fan of that pick, and it stems from an interview that Kash gave Glenn back in 2023. Glenn plays a clip of the interview, where he urged Trump to declassify information on multiple major cover-ups, including Jeffrey Epstein’s black book, the January 6th pipe bomb incidents, the case of the “deleted” J6 text messages, and Russiagate. So, if he is confirmed as FBI Director, will he release all this information to the public?

Transcript

Below is a rush transcript that may contain errors

GLENN: But Kash was -- Kash was on my show.

And we were talking about who holds -- who has the diary, who has the phone records, who has everything from Epstein? Do we have that cut?

Yeah. Go ahead. Play it.

Who has Jeffrey Epstein's black book?

VOICE: FBI.

GLENN: Porn music.

VOICE: Oh, that's under direct control of the director of the FBI. Just like the manifesto from the Nashville school shooting and the Catholic school. We haven't seen that yet. It's not the national police or PT --

GLENN: Ding, dong, pizza.

VOICE: The FBI says this is not going to happen. They do that because this is another government gangster operation. All these local law enforcement communities get funding from the DOJ and FBI for local programs.

And if you don't cooperate, you're not getting your million dollars for this.

You're not getting -- and that's a lot of money for these local districts. That's how they play the game.

That's why you don't have the black book.

GLENN: So, but the black book is not just sitting -- I mean, that's -- that's Hoover power times ten.

VOICE: And to me, that's a thing that I think President Trump should run on. On day one, roll out the black book. Oh, yeah. Please, I can't take anymore.

VOICE: On day one, roll out all the text messages and communications we were told were deleted. On day one, play the rest of the video of the pipe bomber.

He needed -- one of the forms I talked about, is you need a central note, to continuously declassify.

This is another thing they do. They overclassify. I'm telling you, as a former number two --

STU: Stop it.

GLENN: Yes! Yes!

Oh.

VOICE: I know you can't see that. Nothing to see here. Gino was a master of it. Of doing it. And we still haven't seen the half of the Russiagate report that we wrote.

GLENN: Oh, yeah.

VOICE: It's still under lock and key.
I don't know how the ICA was originally constructed. We went -- we put 10,000 man-hours against John Brennan's team that did it.

And we found out why they came up with their bogus conclusions.

But we couldn't sell it to the world, because we couldn't talk about it. And the government gangsters came in and buried it.

GLENN: Wow. Let me tell you this. I think I need a whole pack of cigarettes after that.
(laughter)

He is --

PAT: He's going to be good.

GLENN: Oh.

STU: And that's the only reason this part is happening.

Because Kash Patel.

Glenn Beck likes him so much. Look he's definitely going to come after Hunter Biden.

And therefore, we didn't think -- we never would have predicted that Adolf Hitler would do something like this.

GLENN: Here's what -- here's what we need to start tweeting. Okay?

Everybody needs to start tweeting this.

Kash Patel.

We love you!

We love you!

Please, release all of the information on the Biden administration.

PAT: Yeah.

GLENN: All of the information on Hunter Biden. You can't prosecute him.

But you certainly can prosecute everyone that was involved in the cover-up.

And, by the way, we would like the names on the Jeffrey Epstein list!

There's no reason, that if that was a bunch of truck drivers, we would know every truck driver's name!

Why don't we know this?

And it is too much power, in the hands of the FBI director.

Or the president.

Or whoever might have it.

The only way that thing becomes powerless, is if it is revealed.

Why Joe Biden’s PARDON of Hunter is NOT the end

President Biden has issued a pardon for his son Hunter that covers any crimes committed over the past 10 years. That would include any possible fraudulent dealings with the Ukrainian energy company Burisma or the Chinese Communist Party. So, is Biden just trying to protect himself? Glenn breaks it all down and also explains how Donald Trump can still bring criminals to justice: Biden only pardoned Hunter and, by extension, himself. But anyone else who was involved in the Biden family’s shady business dealings is still fair game, especially if Trump’s pick for FBI Director, Kash Patel, declassifies everything …

Transcript

Below is a rush transcript that may contain errors

GLENN: All right. Well, let me -- let me start here.

We've been saying it for decades now.

Decades!

Power corrupts, absolute power corrupts absolutely.

That used to be kind of like a bumper sticker thing back in the Reagan era, you know.

These things, I think it's lost its impact.

I don't know if people really understand it, anymore.

Even know it. Power corrupts. Absolute power corrupts absolutely. Joe Biden has given his blanket pardon to his son. But only for crimes that may have been committed for the last ten years.

Now, this is something that he said he would never do, but I'm not surprised. We're going to -- this is the least surprising story of the decade.

We all knew it. We all knew it was coming, right?

Now, this is the privilege of the US president. The final month of office, actually accounts for about 92 percent of pardons and presidential commutations. It's fairly normal then, for presidents to exercise that constitutional power. And it is his right to do it.

It has no constitutional or Supreme Court oversight. So he can do whatever he wants. It's one of the few powers, that we grant the executive office for which there is no check and balance process outlined in the Constitution.

It's been used every year since Herbert Hoover, when he pardoned the first Thanksgiving turkey.

Legally speaking, Joe Biden giving a blanket pardon to his son for felony crimes, that he's actually admitted to in court!

And sentenced to in court, after millions of dollars were spent, in not only covering up the crimes, but also denying the crimes.

And all of the corruption that went on with the Justice Department and the FBI and the IRS.

All of that now, is gone!

He admitted it, in a book. He admitted it, as soon as he knew dad was going to pardon him. And presidents can do this.

They have, you know, whole staffs dedicated to finding criminals, who may have gotten the short end of the stick.

And if I may pause here for a Glenn Beck moment. Short end of the stick. You know where that comes from?

It's actually a historic reference from the Scottish/Gaelic days where they had physical combat, where two men would take a tree branch and kind of like a wish bone, they would break it in half. And then they would beat each other to death with that stick.

So it's like the turkey wish bone, except the other person dies. Anyway, back to modern times. President can give a blanket pardon to a multi-felony son, directly in the face of his own Justice Department's investigations of the same son.

Now, we're at the point where if this were just cocaine and prostitutes. I don't think we would care that much. I really don't!

I mean, it would be bad. But I don't think him doing cocaine and prostitutes is that much of a surprise!

Would you be that surprised, if cocaine and prostitutes? Dad was doing them too?

No. However, we're talking about money laundering charges to the Biden family. What about the violation of the State Secrets Act?

You know that Biden granted his children, including Hunter, security clearance against the recommendations of the NSA, and the CIA. And that warned him over and over and over again, secrets are being leaked.

How about Chinese prostitute spies? You care about that much?

I don't even know how you face yourself in the mere, if you're part of the White House Press Corp, or anybody in the mainstream media. Who has been saying the whole time: None of this happened. None of this happened!

He's not going to pardon his son. He's not going to need to.

I mean, I feel very bad in a small way for KJP, who has to stand there today, to defend what she's been saying the whole time.

No! I stand by what the president has said for the last two years.

Now she's got to say, if it wasn't -- if it wasn't the president's son, would he then prosecute it?

Yes!

He would have been prosecuted. In fact, he would have been in jail years ago!

So when Joe Biden says, yeah, well, there was -- you know, there was a miscarriage of justice here.

I mean, he got special treatment. Yes, he did. You know, the reason why all of this is a big deal. Is because the Justice Department and the FBI and the IRS made a deal, that one judge said, wait a minute.

I've never seen a deal like this. What's going on here?

That's why this whole thing came undone.

They were trying to sweep it up.

Yes! He was getting a sweetheart deal, that you wouldn't have gotten. Your son wouldn't have gotten.

How are they going to defend it? The same way. The same way.

It doesn't matter. That's why I say it's the least surprising story of the decade.

Nobody is surprised by it. We all knew. We knew this was happening when he was running.

Now, if Trump is who we think he is, or who he's, I hope, going to be.

An agent of change, he can completely blow the lid off of this. And effectively destroy -- and just destroy any semblance of respect Biden had left. Even if he couldn't prosecute Hunter or Joe. That's fine.

But he can declassify every single document in the Biden investigation. From cocaine, China, and the Middle East. And destroy not just the Biden legacy.

He's already destroyed that.

But he can destroy the press.

He can destroy everyone that was involved in this.

The entire apparatus around it!

Biden only granted Hunter immunity.

Only Hunter.

And by extension, himself.

But not the gross military intelligence industrial complex. And the team around them.

All those people can be exposed.

All of those people can go to jail.

And with the appointment of Kash Patel, I predict it's going to happen.

So now why not hearings?

I mean, we could impeach Biden right now.

But you want to spend the money on that?

You want to spend the time on that? Justice would say yes. Our country demands that we say yes. If we want a country, and we have a family that has built billions -- I'm sorry. Millions of dollars, from other countries. Why are we -- why are we in Ukraine?

Why is all this money going to Ukraine? Where is it going?

Where is it ending up?

You know, no one has followed the money on that one. Why? Why?

Is there even more corruption?

You know, Bill Clinton and Hillary Clinton, they really were the ones that kind of industrialized this whole game.

They did it with China. But everybody turned their head.

No big deal. Oh, they were out of office now.

Joe Biden perfected it. If we let this family get away with this, what do you think is going to happen the next time, a president decides to sell themselves and the office.

People must go to jail. The president has every right. Every right to pardon his son.

But Kash Patel, if he's half the man I think -- no, if he is half the man I know he is, declassify all of it!

All of it!

Call out the corruption, that is everywhere.

I have to ask half the country a question. And I know you think that we're stupid, because Donald Trump is a felon. Is he? Is he?

He's a felon on -- on what? On what?

Charges that were brought against him? That have never been brought against anyone ever, in the history of the country?

That's called weaponization. And is it a surprise that they were brought, when he was running? You see, the Hunter Biden thing, that should have been in the pipeline, years before.

But couldn't do it. Because of Biden's grasp on the system. How stupid are you?

I mean, I'm sorry. I don't in between insult you. Because you think I'm stupid. What is it going to take.

You're still donating and supporting the Democratic party?

They just -- they lied to you, on so many things.

But they lied to you, about this.

They lied to you about the laptop being real when they knew it was real!

The FBI was part of it. They tried to make a deal. An underhanded deal, that you would have never gotten. Remember, why would you stand up for someone's extra rights, that you would never get.

If it's right for them, it has to be right for you. Remember, we lend our rights to them, to protect them. They don't have extra rights. They have none. They can't print rights. They come from us.

I -- you know, it is so hard -- you know, we just went through Thanksgiving. And hopefully, you had a big Thanksgiving. And hopefully, you didn't have big battles and fights and everything else.

Hopefully things went well.

But I've got to tell you, it is hard.

I marvel at the blindness of so many Americans.

I marvel at it. And I know they think the same of us.

I know.

That's fine. But we have the Constitution on our side.

We are fighting for the Constitution. Believe me, if Donald Trump, we found out, was selling secrets to Russia. Was selling secrets, or selling his office to China, I would be first in line.

Be first in line to impeach him.

If he was enriching his children, exactly the same way, that Joe Biden was, I would be for his prosecution, and his jail time!

Can you say that?

Until you can rationally describe to me that this isn't just pure nepotism, that utterly destroys Biden's entire career. His entire legacy. His entire presidency.

Everything that this man does. Has done, we now know, for the last ten years.

This isn't just, hey. I pardoned him for this crime. I pardoned him for every crime he may have committed for a ten-year period!

I mean, I just -- if we meet in a grocery store, you know, God bless you. But if you still think that that's okay, I might just pat you on the head and send you down the cereal aisle with the same kind of kindness I show a retarded puppy. But holy cow. Justice is more than a specific outcome. It is a philosophy.

It's a mentality. It's an absolute. We may not get it right every time.

Because we're human. But we should strive for justice.

What if Hunter's crimes were rape or murder?

Would that be okay? Would you still support a blanket pardon?

Or would you say, no. That's too far. But selling my children and your children into slavery, by granting China and others special access to our White House and to our secrets, that's okay?

Good on you. It's not for me.

But good on you.

And let me just end it with, surprise!

He pardoned his son.