RADIOJuly 10, 2024

Who Doomed the Petrodollar: America or Saudi Arabia?

There has been a lot of confusion lately about Saudi Arabia allegedly ending a 50-year-deal with the United States. The "deal" tied oil sales to the US dollar. But many have claimed that the deal never actually existed. So, what's really going on here and should Americans be worried? Financial expert Carol Roth joins Glenn to break it all down, including why she believes the United States and our Federal Reserve are really to blame for the petrodollar's destruction. Plus, Carol explains why the Biden administration can insist the economy has never been better, although our wallets can tell the opposite is true.

Transcript

Below is a rush transcript that may contain errors

GLENN: Before we get to Carol, I want to give you some highlights from this Blaze media. And TheBlaze.com story.

Biden's phony numbers mask true economic pain. The official government numbers in the US economy have been contradictory and confusing for quite a while now.

What is clear upon closer examination, is that the federal government's overspending and overregulation are doing serious damage to the economy.

And we have yet to see the worst results of those policies.

The unemployment increase, seems to contradict recent signs that the economy has been weakening. In addition to the conflicting rise in unemployment. Other signs of deterioration. Include stagnant retail sales.

A slowing of consumer spending. Weak industrial product. Manufacturing orders. Increasing consumer debt.

Depressed by new housing starts. Falling annual earnings of full-time employees. And rising commodity prices. The Federal Reserve chairman, Jerome Powell, knitted, he believes the White House has been cooking the books.

This is the fed chair. Stating last week, you have payroll jobs, still coming in strong.

Even though, there's an argument, they may be a bit overstated. The only job growth, in the US, is for illegal aliens. Listen to that.

The only job growth in the US, are for those illegal aliens, who will work for below minimum wage. Which also explains why inflation hasn't spiked in the past year, as millions of illegal aliens were hired.

Legally resident American workers saw no job increase in the past year. And unlawful residents, willing to accept wages Americans can't are dragging everything down in the wage category.

With employment continues for American workers stagnant at best, the job market is another indicator that the economic growth is slowing, and the Federal Reserve should lower interest rates to reduce its suppression of economic activity.

However, they decided not to. Because it will -- it will spike inflation again.

The markets have already priced three expected interest rate reductions for the year.

However, suggesting a correction is in order.

Even so, the stock market stayed steady after the fed's interest rate announcement with the Dow falling slightly.

And the S&P 500 and NASDAQ, rising to new record highs.

Economist Robert Genetski. Genetski, calculates that the S&P 500 is currently overvalued by 34 percent.

If investors decide the market is near peak and start selling, taking their profits before prices, fall. There is more trouble.

This overspending continues from the federal government, as well.

In the first eight months of the current fiscal year, the current government has already accumulated more than $1.2 trillion, in additional debt.

With a staggering deficit of $348 billion last month alone.

Investors were reportedly believed the US economy is about to enjoy a significant expansion, because of AI.

That's boosting the stock markets. The shares in tech companies. Chip makers. And even utilities.

The government's stimulus injection may be waning, and the Fed's interest rate hikes are starting to bite, as indicated by the slowing housing and manufacturing production.

Higher interest rates hinder business from investing in production and consumers from spending on goods.

That support those businesses. Additionally, the Biden administration has implemented a regulatory program, that will directly cost the economy 3.95 trillion dollars in 2025.

And indirectly result in a staggering 75.05 trillion, in opportunity costs, for 2025, alone.

That might take a bite, no matter what AI is going to do.

Carol Roth is here with us.

Carol. Are we beginning to see all of the signs of the wheels coming off of this thing?

CAROL: I think we've been seeing the signs of the wheels coming off of this thing for quite some time.

And they're sort of hanging on by a thread.

Now, certainly, a lot of the numbers that are put forth. Are meant to window dress, and say, oh, no.

The wheels are still turning. And they're doing just fine. And they will last for a while.

We have seen cracks, and when you peel back the onion. And you look at things like the deficit to GDP, which are about two times the historic average at a time when they're telling us, there's an expansion. We know there's something wrong.

Because normally, when you have an expanding economy, that means you're taking in more revenue at the government level. And that means you're running less of a deficit because you have more money input.

What's happening now is the Biden administration has flipped that on their head. And they're using deficits to window dress the appearance, that we have growth.

And we're seeing that start to crack. Because even that, you know, window dressed growth is starting to come down.

We saw the first quarter GDP come in, almost a percentage point lower than expectations.

A first reading. The second reading was even lower.

So now, as of the second reading. We're at 1.3 percent. For the first quarter. And we're expecting a third reading.

And things keep getting revised and revised.

So all of the, you know, appearances that they're putting forth. And to make it seem like everything is looking great.

We've seen those cracks. And they're just becoming larger and larger.

GLENN: So do you think that there's any way possible, that anything, excuse the pun here, Trumps the economy.

I mean, they always say in elections.

You know, it's the economy, stupid.

And no matter how you window dress this.

Everyone knows, I don't have as much money, or my money doesn't go as far as it used to. And I'm having a hard time keeping up.

At almost every level, this is happening.

VOICE: So this is an interesting question.

There was a Monmouth poll, that came out yesterday.

That showed, far and away.

That the economy was the biggest issue.

You know, number one issue on people's minds.

But there's a disconnect by party. And obviously, when you have the -- the Republican side, and I would think to some extent. The independents as well.

There's more of a connection with the -- with the fiscal reality that's going on. And it becomes, you know, we believe so afford literally four more years of that.

There's a disconnect from the Democrats who don't believe in mass and reality anyway.

And so even though, they may be hurting, personally. They're going to make excuses. And say that it's for, you know, any sort of litany of other reasons. And it doesn't have anything to do with these specific policies, that we know have driven these outcomes.

You know, there's weather it's things like the American rescue plan. And they direct stimulus. That's literally called stimulus.

That overstimulated the economy. And caused inflation.

They're going to tell you, oh, no. Look, inflation has come down. Even though, they're still going to the same grocery stores, the same gas stations. Having to pay the same rent. And they're believing and buying into the gaslighting.

So that's my concern.

Is when you have so many people who are decoupled from reality. And can fed the propaganda that's gaslighting. And they're willing to -- basically, you know, they're cults. That that is not going to show up in the polls. The way that it should. If we were operating, you know, with some sort of normal baseline.

GLENN: Carol, I'm going to take a quick break, early here.

Because I don't want to interrupt you on this petrodollar thing.

Because I have seen stories that say, this is true.

Stories that say it wasn't true. I don't think there ever was a -- there wasn't a concrete deal. It was more of a handshake with Saudi Arabia. With the petrodollar. Wasn't it?

Or did we have a written deal?

CAROL: That's right. So I was surprised when I saw this as well. You know, I wrote about this in You'll Own Nothing. We have a whole chapter on it.

And there was a deal put in place. But never once did I come across anything that said, we have a specific expiration. But we know deals that, you know, are made. Can be shifted and changed at any point in time.

And I think that's the point we want to talk about.

GLENN: Correct.

Okay. So we'll do that next.

Because the petrodollar. If the world goes off the petrodollar.

That is -- that is the beginning of the end of the dollar.

It's just a matter of time. And what are people replacing? It with?

And so far, central banks are not replacing it with any currency at all.

We'll talk about it here, in just a second.

Okay.

So, Carol, explain why the petrodollar is so important.

VOICE: All right. So there's this story that was going around last week. That the Saudis had ended this agreement, that had been put in place in the '70s.

So what happened was that when the US went off the gold standard, they were very concerned over what was going to happen. So they created this secret delegation, that went to Saudi Arabia.

As part of a diplomatic chore. And there was a lot of chaos going on at that time. Not only did we go off the gold standard.

There was an oil embargo put in place by the Arab oil exporters. That set the price of oil sky-high.

So the big objective, was basically, they -- the US didn't want crude oil.

You know, energy. Which is obviously really what fueled growth around the world, to become an economic weapon.

And they knew they knew, okay. Well, now we're off the gold standard.

We had the currency. Wouldn't it be great to have somebody to finance their deficits?

So what they did, is they went to the Saudis. And they said, well, look, you come. You take -- you're going to agree to basically price oil in dollars.

And that's -- around the world, oil is going to be priced in dollars. And you will have all this excess money.

We want you to plow that back into US treasuries. Everything that you get in. We want to you plow that back into treasuries?

Why did they want that? Because that obviously helped the US finance their deficits at a very cheap rate.

He said with be okay. We'll do that. What we want in return, basically some economic and military support. And so they made this -- this deal. That was brokered.

The interesting part is there was a secret piece of it, and that was that the Saudis did not want everyone to know, that they had this huge Treasury stockpile. So for more than four --

GLENN: Why?

Wait. Wait. Wait.

Why didn't they?

CAROL: Because they must want everyone to know that this was sort of the underpinnings of the deals of how closely they were in bed, with the US.

GLENN: Okay. With the US. Okay.

CAROL: And that this is what they did. So this was actually uncovered by a Bloomberg report.

So for 41 years, what the US Treasury did when they broke out what central banks held the US Treasury, and you can go see if China holds this. Japan holds this.

They lumped Saudi Arabia in with 14 other nations. So basically, you could see, oh. We cut this special deal, and now it looks like now, that there's all this wonderful demand for treasuries around the world.

And it was kind of unclear that there was this alliance going on.

So what does that do? It creates a massive demand for the Treasury, because not only are the Saudis in there as huge buyers, but when you have -- you know, sort of a de facto basis. The oil price in US dollars. Then every other central bank will also want to make sure that they have a stockpile of a dollar equivalent security. That if they need dollars, they can cash in.

Of course, as opposed to holding actual dollars. When you hold the Treasury you do get some income. Or you get an interest rate. So basically, this has created huge demand for Treasuries. It means that the interest was artificially suppressed by that demand. And that the US government was able to finance their deficits.

It also meant that trade around the world, was done, you know, US dollars. So not only are these central banks, holding them in the reserves. There's all this trade that's happening in US dollars.

So this actually worked out for quite some time.

The Fed holding basically the world's reserve currency. And managing it. They held the US dollar fairly stable. When you saw the price of gas go up. That they would loosen monetary policy.

And when it was too low. They would tighten it, that they would stay in some sort of a range. Sometimes that was at odds with what was going on domestically.

But as the holder of the world's reserve currency, that was their job.

GLENN: Hang on just a second. Stop for just a second.

I just want to make the point: This is right now, where we're about to see the change, and it's not happening now. It's already happened.

We -- when we got off the gold standard. We promised the world, we will never put ourselves, you know, absolutely first. And go off, and do crazy spending.

And, you know, just break everything for America.

And that's why, it was at odds, sometimes. The fed's policies.

Were at odds.

With the United States policy.

Or -- or -- wants and needs.

Because they had to balance it for the world.

And then what happened, Carol?

CAROL: Yes. So for the economic wonks out there, that's called the Triffin dilemma. You sometimes have to make these tradeoffs between what happens domestically and what happens internationally.

What happened, if we come back to today, is that the Fed has managed to hold the dollar, not stable.

Either for the world, or domestically. So it's not like they even made the tradeoff.

They just abandoned it altogether. But going back to 2005, they decided when the price of oil shot up due to China's increase in demand.

Hurricane Katrina, a whole bunch of things. That they just weren't going to play this game anymore, and that's when things started to crack.

Then we had the Great Recession financial crisis, and so on and so forth.

And the US government continuing to run these huge deficits.

And just, you know, creating a really challenging situation, economically.

So the big issue, if you are these countries around the world. That now have everything priced in dollars.

All your major commodities.

It's not just oil.

It's then extending into food.

Everybody is trading into dollars.

When you have these huge swings in the dollar, that means, that threatens as a nation.

Because now you may not be able to afford energy.

Or you may not be able to afford your food for your country.

That's a national security issue.

GLENN: Forty seconds.

CAROL: Countries are getting sick of that. We weaponize the US dollar. And at the end of the day, they're starting to move away from it. Which threatens our ability to have cheap financing and our standard of living.

GLENN: And so the Saudis did not break a deal.

We've broken the deal long ago.

And they're just all doing what would normally be done. It's no longer good for me.

It's got to be good for both of us.

And so they didn't stop the deal. They're just naturally moving away.

And it's -- the money is going to gold, not other currencies at this point. Correct?

CAROL: Correct. You got it. You nailed it.

SHOCK POLL: The % of Young People Who Support SOCIALISM is Insane

New polling reveals a shocking truth: young Americans aren’t just open to socialism... they overwhelmingly want a socialist president in 2028. Glenn Beck and Justin Haskins break down five alarming surveys showing massive ideological shifts among voters ages 18-39, including young Republicans. Why is socialism exploding in popularity, and what does this mean for the future of America? Are we on the brink of a political transformation or potentially even a national crisis?

Watch This FULL Episode of 'Glenn TV' HERE

Property Taxes are OUT OF CONTROL - And Here's Why! | Guest: Texas Gov. Greg Abbott

Texas Governor Greg Abbott joins Glenn Beck to expose why Texans are being crushed by skyrocketing property taxes — and how local governments, not the state, keep driving homeowners deeper into financial distress. Gov. Abbott breaks down his five-point plan to impose strict spending limits, force voter approval for tax hikes, reform out-of-control appraisals, empower citizens to slash taxes themselves, and eliminate school district property taxes for homeowners altogether. Glenn argues that property tax is morally wrong because it prevents Texans from ever truly owning their land, and Abbott lays out his strategy to fight both parties in the legislature to finally deliver lasting relief.

Joe Rogan & Glenn AGREE: We just got CLOSER to civil war

Joe Rogan recently warned that we may have gotten to Step 7 of 9 in the lead-up to civil war. Glenn reviews the 9 Steps and explains why he believes Rogan nailed this one. But Glenn also lays out what Americans MUST do to reverse this trend...

Transcript

Below is a rush transcript that may contain errors

GLENN: So if you take what Fetterman said yesterday about how people are cheering for him to die on the left, and then you couple it with something that was on the Joe Rogan show on Tuesday. He was saying that the reaction to the death of Charlie Kirk makes him think that the US is closer to Civil War than -- than he thought.

Now, let me quote him. He said, after the Charlie Kirk thing. I'm like, oh, my.

We might be at seven. This might be he step seven on the way to a bona fide Civil War. Charlie Kirk gets shot, and people are celebrating.

Like, whoa. Whoa. Whoa.

You want people to die that you disagree with?

Where are we now on the scale of Civil War?

Well, let me go over the scale of Civil War, because it's sobering.

Now, none of this has to be true. If we wake up and decide, I don't want to do this anymore!

Okay?

Here's step one.

Step one. Loss of civic trust.

Every civil conflict begins when people stop believing that the system is fair. Are we there?

We're so far -- we're so far past the doorway, we are comfortably asleep on the couch on this one. Gallup and Pew both show trust in Congress, the media courts, and the FBI government are now at record lows.

The Edelman Trust Barometer classifies the US now as severely polarized. Majority of Republicans distrust federal elections. Majority of Democrats don't trust the Supreme Court.

Americans are really united on one thing, and that is the other side is corrupt!

When faith in the rules collapses, the republic begins to wobble. But that's step one. Step two, polarization hardens into identity!

Political disagreement is normal!

Identity conflict is fatal!

But that's what Marxists push. Identity politics. This is when politics stopped being about policy, and started being about who you are as a person.

Have we crossed this one into step two?

I mean, we're neck deep into this. A study on this, from PRRI.

It's a survey, found 23 percent of Americans believe political violence may be necessary to save the that I guess.

I think that's an old study. Americans now sort themselves by ZIP code into ideological enclaves. The big sort: Universities, activists, corporations. Everybody is promoting oppressor versus oppressed.

And that -- does what?

It puts us into incompatible tribes. Opponents aren't wrong anymore. The opponent is dangerous!

If I go back and you look at civil wars, Lebanon, before 1975. Yugoslavia, before 1991. That's -- we're doing that. Okay?

Step three. Breakdown of the gatekeepers. The gatekeepers are kind of like the referees of society. It's the media, political parties, churches, civic leaders.

When they fail, extremism fills the vacuum. Okay. Where are we on this? Have our gatekeepers failed us?

Yeah. I think both parties, especially the left, you know, everything I predicted that the left was going to be eaten by the extreme left, and then the communists and the socialists is now happening.

They've lost control of the fringe of each party. Media transformed, you know, from referees into team coaches. Tech platforms. It's outrage for profit. Universities are not there to cool things down. They heat them up.

Churches. Churches are useless. Useless.

When the referees leave the field, the game devolves into a brawl. And the refs are gone off the field. So there are only nine steps. We're at step four. Here's step four.

Are you ready for this one?

Parallel information realities.

Civil wars don't require different opinions. They require different realities.

I remember reading about Germany, at the beginning of, you know, the Nazi era. How the two new newspapers. One was propaganda for the government.

And the other one, it was the last one that was kind of the holdout.

And they said, you could read them, and they would cover the same thing.

But they had almost no information was the same. Except, that happened yesterday.

Here's what they said. And then everything else was different. That's exactly -- I mean, step four is complete!

We can't agree on facts, right?

Crime rates. Border numbers. Inflation. Election security.

Two Americans can watch the same video. And see opposite truths.

Social media algorithms are creating customized political universes.

Digital echo chambers. Deepfakes. We're just at the beginning of that. And both sides accuse the other of running disinformation machines.

Why? Because we don't have a shared reality. So if you don't have a shared reality. How do you settle any dispute?

On the nine steps, we're up to number five. Coming in at number five.

Loss of neutral rule of law.

This out of the nine steps with, five is the pivot point.

It's not corruption, it's the belief that the law is no longer neutral.

Are we there yet?

Let me tell you the CBS you.gov poll. 67 percent say the justice system is used for political purposes.

I think that's low. January 6 defendants given years in prison, 2020 rioters were released. High profile political figures, prosecuted or shielded based on party.

FBI whistle-blowers alleging pressure to inflate domestic extremism numbers. States like Texas, directly defying federal directives, on border enforcement.

And now, leading the way, with the federal government.

History is really cold and unforgiving on this point.

Once the people believe justice is political! Remember, this is the turning point.

The republic stands on borrowed time. Once you no longer believe that justice is achievable. Step six.

Are we there?

I think we are.

Step six. Normalization of political violence!

This is where violence stops shocking the system. Are we there?

Remember, where violence stops shocking the system. Look at evidence just from Virginia. What they just voted for.

He was calling for the death of a -- a political opposition.

Calling for his children to be killed.

Was called on it, never apologized.

Never said anything other than, yeah. I know. He dug it deeper.

Was anyone shocked by it? Apparently not. They elected him. Here's the evidence. 2020 riots.
574 events. $2 billion in damage. Was anybody outraged by that? Or was it downplayed and excused?
Assassination attempts. Assassination attempts against the president. Supreme Court justice.

Fistfights. And mob actions on college campuses. To silence speakers. Rising to do for punching a fascist or stopping genocide. Depending on the ideology. Online chatter discussing Civil War, national divorce, and revolution.

When violence becomes part of the political language, a nation crosses an invisible line. We're now up to step seven out of nine.

This is where Joe Rogan said, are we at step seven?

The rise of militias and parallel forces.

When a state loses he is monopoly on force.

Countdown accelerates. So where are we on this one?

I think we're seeing, maybe early signs of this.

You're starting to see the -- the states kind of organize these mobs, you know, to go after ICE.

Right?

Armed groups, right-wing, left-wing radical secessionists. Anyone.

Once they start forming their own police forces. Or their own option forces, then you have -- then you have everything really falling apart.

Entirely!

I don't think we're there, yet!

But we're starting to see the beginnings of this.

Step eight. The trigger event.

Civil Wars don't begin with a plan. They begin with a spark.

So where are we?

We're not here yet. The conditions are right. Potential triggers, disputed election in '26 or '28.

Political assassination or major attack.

Supreme Court decision that ignites mass unrest.

Financial crisis or dollar crisis.

A state federal standoff turning violent!

Nothing is ignited yet, but the room is soaked in gasoline. So we don't have seven. We're on the verge of eight, at any time. And here's nine.

This is the point of no return.

When police, military, or federal agencies split, even if no one calls it that, well, where are we?

Well, I just read a story about how with the Mamdani election in New York, a good number of the police force is going to leave. And they're going to go join police forces elsewhere. You also have the tension between the state National Guard, and the federal directives, the state guard and the state directives. Law enforcement recruitment is at crisis lows. The distrust of the FBI, DOJ, CIA. Tens of millions of Americans. I always really respected those institutions. I have no respect for them now. If you have states openly defying federal rules on immigration, drug laws, sanctuary policies.
Whistle-blower claims of internal politicization.

All of these things are in play for the first time in 150 years, people can imagine!

So I give this to you, not to be fearful of, but to know where you are. As a map!

Know where you are.

And hopefully, it might wake some people up, if you chart America on, on the nine step model of Civil War. Steps one through four, completed!

Step five, happening!

Step six, happening! Step seven, beginning! Step eight, just waiting for it. And step nine, avoidable, only if step eight, never happens. Again, I'm not telling you for doom purposes, this is diagnosis. This is a doctor going, I want you to look at the chart.

And this is a doctor saying, I want you to look at -- do you see what's happening to your body?

If you don't stop this habit, you are going to die. You don't have to die. You can stop smoking and drinking right now. You can start exercising. But if you don't, you are going to die.

The question is, are we the nation that says, nah, that's not going to happen to me. Or are we the nation that wakes up and sees our chart and says, good heavens, it's way far more gone than I thought it was. But I feel something in the air.

I'm going to change my behavior. The nation that refuses to look and wake up and stop calling their neighbors enemies, is the nation that fails!

We have to strengthen these things that have already fallen. And, you know what, the easiest one to do is?

Church. Where are you ministers and pastors priests and rabbis?

Where the hell are you?

I think there's going to be a special section for you, when you cross over to the -- because you're doing things in the name of God!

So when you get to the other side, I think there's going to be a special section for those who remained silent. While his rights were being taken away.

You don't own that right.

I don't own that right.

The Lord gave us those rights, and said, protect them!

By you, being the representative, the voice box, if you will, of the Lord, to shepherd his people. By you not standing up and saying, hey, by the way, we have -- we have a moral responsibility to protect these rights for the next generation! By you refusing because you're afraid. Because I think, there's no politics in the Bible! There's no politics in the Bible. Really?

The whole thing is about politics. Is about the moral way you have to live your life.

Calling things as you see them. Calling them back to eternal principles.

He didn't tell anybody how to vote. Render to Caesar what is Caesar's.

But there are certain principles that you have to have, or you lose not only this citizenship, but the next citizenship. The one that really matters. And, boy, if you are doing it because you're a coward, you are in the wrong business!

Get out of the pulpit, and go to work at Jack in the Box.

Democrat “SMOKING GUN” on Trump & Epstein gets DESTROYED by facts

The House Oversight Democrats recently released "new" emails allegedly proving President Trump lied about his knowledge of Jeffrey Epstein's crimes. However, Glenn points out a glaring issue with these emails that destroys their entire narrative...

Transcript

Below is a rush transcript that may contain errors

GLENN: Well, let's dive right into the Epstein Maxwell emails. My gosh, Stu!

Why are they trying to cover up that Donald Trump had sex with children!

STU: I mean, it's just clear, as -- as day, in the emails!

GLENN: Yeah. No.

STU: He spent hours with one of the victims. What else could have possibly have occurred in that arrangement? We don't know!

GLENN: And it's -- it's one of the victims, Stu. One of the victims!

STU: One of the victims, that's all we know. One of the victims.

GLENN: Let me read what Jeffrey Epstein wrote. I want you to realize that the dog who hasn't barked is Trump. Victim redacted. Victim spent hours at my house with him. He has never once been mentioned. Police chief, et cetera.

Okay. New information, just released. Or is it?

Because in 2011, 2011, that was released and everybody knew it. It's been out floating around. Here's the change: In 2011, this is what it read.

I want you to realize that the dog hasn't barked is Trump. Virginia spent hours at my house with him.

Why would you redact a name that is already out in the public square!

It's already out!

The memo is already out. The email is already out. It's been out for years. Why would you redact that name now?

Well, because it makes it all of a sudden, new and shiny. Shiny and new. If you don't know who said it, you see victim, and you're like, oh, you see victim. Who is the victim?

I don't know. But when you know it's Virginia, you know this has already gone to court. This is -- she already testified about this!

He didn't partake in any of this, any sex with any of it. It's true. He didn't partake in any sex with us, and I'm quoting, this is from the testimony. But it's not true, that he flirted with me. Donald Trump never flirted with me. Have you ever met him?

Yes, at Mar-a-Lago, my dad and him. I wouldn't say they were friends, but my dad knew him, and they would talk. Have you ever been in Donald Trump or Jeffrey Epstein's presence with one another? No!

What's the basis of your statement that Donald Trump is a good friend of Jeffrey? Jeffrey has told me that Donald Trump is a good friend of his.

He didn't partake in any of -- any of the sex with any of it. He flirted with me.

It's true, that he didn't partake in any sex with us. But it's not true that he flirted with me.

So I don't understand that. But she goes on. Donald Trump never flirted with me!

Okay. So what -- what's new about this?

This is the same girl, this is the same person that -- didn't she work at Mar-a-Lago?

Or she was going to get a job at Mar-a-Lago.

STU: Yeah. I believe she did at one point.

GLENN: Yeah. So we know they know each other. We know they know each other.

We know that at Mar-a-Lago, Jeffrey Epstein would come, and he was poaching the employees. The girls there. To go work for him.

And Donald Trump went to him. And said, "Hey, man. Stop it. Stop poaching people from me. That's not cool. Don't do it." And then he said, "Oh, yeah. All right." And then he did it a second time. And he's like, "You know what, you're out. I don't want you here anymore. I asked you not to do it, and you did it." Now, that doesn't mean that he knew what was happening to the girls or what was happening or anything else.

And even if it did mean something was happening with the girls, he was saying, "Hey. Stop it! Don't take any of the girls or the women here.
Don't do it." I don't believe he knew anything about any of this. But God only knows! And really, God only knows!

This is not new news. Donald Trump, he might end up beating Bezos as the richest man on the planet! When all is said and done!

Because, again, the -- they're presenting this as new fact, a giant scandal. Stu, I don't know if you know this. This is -- this breaking news is a giant scandal.

STU: Yeah. I've heard democratic representatives saying that over the past 24 hours. Yeah. We need to investigate this.

This is shocking stuff. It's a massive scandal. Even ABC News, I heard, pushed back against this. And said, well, what scandal? What are you implying occurred here?

We know who the victim was. We know the victim. Like why. Why did you even redact that name?

And they're like we always redact name of victims.

Do you really? When they're already out publicly?

Not to mention, this particular victim is not even alive.

You know, she sadly died. I mean, it's a terrible, terrible story.

GLENN: Terrible story.

STU: Yeah. She passed away.

A suicide. It was at least the report I believe. But she has a posthumous book coming out. But like a terrible, terrible story.

But, you know, to act as if you have to protect her identity when, number one, she's dead.

GLENN: Is ridiculous.

STU: Number two, everybody already knows who she was, including the news sources, who also have a policy, you would think.

And ABC has a policy. They redact, that was in this type of situation. But it's already been out. We already knew who it was.

So they redacted to make it look like he's with other people who have not already told us nothing bad occurred! You know, and it is an absolutely awful tactic. And at least --

GLENN: I think litigation should follow again. I think he should sue them again. Anyone who is presenting this as new information.

ABC did their job. Congratulations for ABC. They did their job.

They pointed out, this is not new information.

Why would you redact. Why are you releasing this now? And you're redacting a name this -- this email is already out!

You're presenting this as a new scandal.

And you redacted that name. This is completely dishonest. The news media shouldn't even run with it. They shouldn't even run with it. They should have said, old news. Old news. And if you did run with it, you should have handle it had like ABC handle it had. Wait a minute. Why did you redact name.

What do you mean that there's a new scandal. She already testified exactly opposite of what you're believing Jeffrey Epstein over the victim right now. I just want to make sure you understand the Democrats right here. You're taking the name of Epstein, over the victim.

Oh, okay. All right.

STU: And Epstein doesn't even say that anything occurred.

GLENN: No.

STU: There's not -- it's just -- it would be something you would have to jump to a conclusion, to accuse Donald Trump of something like this.

And we know what happened, because the victim said nothing!

Said, it was nothing!

GLENN: Right.

STU: In fact, it wasn't even a flirtation. Which, by the way, even that, you might have thought was creepy. It wasn't even a crime.

It wasn't even flirtation. So it's a disgrace in every single way.

GLENN: All right. So let me take you here. Let me take you here.

If you remember when the shutdown first started, what did the Democrats say, the reason why they did the shutdown?

Not them! Why Mike Johnson and everybody else wouldn't negotiate!

Why wouldn't -- why wouldn't the Republicans negotiate?

Because the heat was on, to release the Epstein files.

And they didn't want to have to do that. So they shut the government down!

Okay?

They wouldn't negotiate. You didn't hear any of this? Oh, it's so arrogant.

STU: It doesn't make any sense at all. That's probably what they said.

GLENN: I know. I know. So the government is open, and what does Mike Johnson do yesterday?

He said the House is going to vote on a bill to release all of the files related to the late financier, convicted child sex offender, Jeffrey Epstein next week. He said on Wednesday that a discharge position to bypass leadership and force a vote on the bill, hit the benchmark for needed signatures. It's been decided by him to expedite the vote for the bill, which under the current rules could have been delayed until at least early September.

So he says, as soon as that petition hit, the needed 218 signatures, I brought it up. Unanimous consent. Let's go! Release it.

So he's pushing this forward. Good, Mike!
Release all of it. Thank you!

Get it out. Lance this boil.

I mean, if anybody thinks that you're ever going to get the truth on this in the first place, it's madness. It's madness. Everybody -- I mean, so many important people were involved in this, and it was in the hands of the Democrats for the longest time. Okay?

So they had all of this information. You don't think it was all picked through? And if there was anything about Donald Trump, you don't think that would have come up between 2020 and 2024?

There's nothing in there about Donald Trump. These people are so stupid. This time, we've got him, boys. This time, we've got him.

No, you don't. This time, it's like Wile E. Coyote. This time, we've got the Roadrunner!

No. You're never going to catch him on this. It doesn't work. The guy was the most investigated person in the history of the world, and you've got nothing! Now, it's good to come out.

But if you think you're going to catch a bunch of people on the left, you're not going to. Because they had it, you know, in their possession.

You don't think all of the names were taken out? You don't think things were destroyed, if there was anything? I believe there was something. But I don't believe there's any names in it anymore. You're not going to get the truth on this one. You're just not going to get the truth, but release everything that we have. Everything!

Oh. Oh, by the way, also in the Epstein emails. How come nobody is talking about this one, Stu?

This one is from Michael Wolff, to Jeffrey Epstein. And then Jeffrey Epstein responds.

So Michael Wolff writes, "What's the thumbnail on Nes Baum (phonetic) Foster?"

And Jeffrey Epstein writes back, "Nes Baum White House Counsel, dot, dot, dot, Hillary doing naughties with Vince."

Now, Vince Foster killed himself, you know, and then killed himself at the White House. And then drug himself across the street to the park.

I mean, I don't know -- the Vince Foster thing is so old. And it doesn't -- but why is nobody talking about that one?

Why is no one talking about that?

Also, this the Jeffrey Epstein email bundle, ABC, you don't feel that's necessary to bring that one up?

Huh. Interesting.