BLOGJune 21, 2017

The Twisted Logic the Federal Reserve Wants You to Believe

The stock market is at record highs, the unemployment rate is low, home prices are growing and wages are down. Collectively, what does it all mean?

Danielle DiMartino Booth, former insider at the Federal Resserve and author of Fed Up: An Insider's Take on Why the Federal Reserve is Bad for America, joined Glenn in studio to explain why the Federal Reserve is worried and what it means for the average Joe.

"The last time the unemployment rate was where it was, wages were growing at about four percent. Today, with the same unemployment rate, wages are running at two and a half percent. Yawn. We wonder why there's a shadow economy. We wonder why people are driving Uber at night. There's a reason. Their wages aren't growing. Their paycheck has barely moved and not kept up with inflation," DiMartino Booth said.

In a recent speech, Bill Dudley --- second in command at the Federal Reserve --- expressed concern about the unemployment rate crashing, causing run away wage inflation.

"The average working Joe wants their paycheck to go up. There's nothing intuitive about the reasoning right now at the Fed, nothing," DiMartino Booth said.

Enjoy the complimentary clip, listen to the full segments or read the transcript for details.

GLENN: Hello, America. Welcome to the Glenn Beck Program.

You have so much to worry about, trying to hang on to your job, trying to educate your kids, just trying to make it through -- I don't know about you, but there are days that I just go -- I get up in the morning. I'm just like, my goal for today is just to make it back here to go back to bed. Maybe that's just me.

But life is tough. We want to arm you with information so you can prepare yourself for what's coming, both good and bad. A lot of great things happening in the world of technology. A lot of great things on the horizon.

But there's also some really big bumps in the road, as well. We are thrilled to have back with us Danielle DiMartino Booth. She's the author of Fed Up. She's a woman who worked on Wall Street and then said, "This is sickening." Got out, started to expose it for the Dallas Morning News.

The Fed here in Dallas, run by Richard Fisher, or was run by Richard Fisher at the time, he was I think brilliant and one of the really good guys in the Fed. And he saw her work and said, "Hey, she should come to work for her." She was working for the Fed, kind of in a lower position. She was ringing the bell about 2008 and the collapse. Most people made fun of her for that. The collapse happened, and Richard Fisher said, "You need to be my right-hand man for information and what is coming." So that's what she did. He left the Fed. She left the Fed. She is now ringing the bell on what's next. What's coming. Another 2008? She'll describe what she's saying in the last few weeks and last couple of months since we saw her last. We begin there, right now.

(music)

GLENN: Welcome to the program, Danielle --

DANIELLE: Let's get your circulation going.

GLENN: Yes. Welcome to the program, Danielle DiMartino Booth. How are you?

DANIELLE: I'm doing great. How are you doing?

GLENN: Very good.

A lot has happened since we last talked. The world is in a crazy place that we are just --

DANIELLE: Uh-huh.

GLENN: -- we are literally, last week, dodging bullets that could change the world.

DANIELLE: Oh, yeah.

GLENN: We have Syria and Russia this week, with a downed Syrian jet that we took down. And Russia said, "Oh, yeah, by the way, we're canceling our hotline. And if you cross the Euphrates, we'll shoot you down." So we have that on the horizon.

We have North Korea, with now three aircraft carriers, and they just dumped basically this poor kid out of Cincinnati -- they just dumped a practically dead body on our doorstep.

DANIELLE: Well, he is now.

GLENN: Yeah. Like -- you know, almost like a Don Corleone move, just saying, "Hey, here's -- here's your trash."

DANIELLE: The aftermath of years of doing nothing.

GLENN: Yes. Yes.

And then last week, a shooting that could have changed the world. I don't know if you heard last hour. But I presented a scenario --

DANIELLE: Yeah.

GLENN: Any thoughts on that scenario? How crazy did that scenario sound to you?

DANIELLE: It didn't sound so crazy. I mean, there is something called the Plunge Protection Team, and it's dragged out in times of extreme market duress.

GLENN: Was that -- was that around, or was one of the first times we did in the '30s? because I know we the Rockefellers of the world, the Astors of the world kind of stepped to the plate and said, "I'm going to dump money in, and you're going to do it too."

DANIELLE: Right.

Well, bear in mind, before 1913, with the establishment of the Federal Reserve, when there were economic calamities, somebody like JPMorgan would bring people together in his parlor room and say, "Okay. Guys, we got to write some checks here. We got to save the world."

GLENN: Right. Right. Right.

DANIELLE: It was his realization that he was mortal, that brought about the Fed, after the Panic of 1907, really.

But even if you go to modern history, you know, Hank Paulson, others, they brought the biggest banks into a room and they said, "We've got trouble. You're all going to have to pony up." And a lot of the banks were saying, "No."

GLENN: I know.

DANIELLE: And Uncle Sam looks down and says, "No is not an option."

GLENN: You know what's really crazy is I have a friend who was in that room that night, that Sunday night, and he and his bank said, "No, we're not doing it."

DANIELLE: Don't need the money.

GLENN: Right. We don't need the money. We're not doing it.

And the banks get blamed. And I think the banks deserve a lot of blame. But the banks get blamed for this, when it really was the United States government, the Treasury, that said, "No, you are taking it."

DANIELLE: Right.

GLENN: In fact, the exact quote from Paulson is, "No one is leaving this room until you sign."

DANIELLE: Yeah. Until you brandish your scarlet letter. Put it on. Take the blame.

GLENN: Yes. Yes.

Okay. So you said a few weeks ago, when you were here, that the one thing you were looking for -- I asked you for signs of the economy.

What do we look for as a sign that things are not going well?

DANIELLE: Uh-huh.

GLENN: If you pay attention at all to the Fed, as I do -- and I think this -- I'm a little more than the average person, to where I'll actually just read what Yellen has done, but I'm not going to read deeply.

DANIELLE: Uh-huh.

GLENN: The story that I heard last week was -- or, was it this week? Things are going so well.

DANIELLE: Oh, things are great.

GLENN: Right. The economy is so well.

DANIELLE: Smoking hot.

GLENN: Right. That they have to raise the interest rate again.

DANIELLE: I'm sorry. Who is in the White House? Oh, wait. But you digress.

GLENN: I'm just trying to figure out, what has changed to make things so great that we're raising interest rates?

DANIELLE: Well, things have gotten worse. So we should tighten so that we don't have to tighten -- wait. There's no logic there.

GLENN: Right.

DANIELLE: The head of the New York Fed gave a speech a few days ago, Bill Dudley. Bear in mind, this is the vice chairman of the Federal Open Market Committee that sets interest rates. If Janet Yellen -- if something happens to her and she's got the flu and she can't make the FOMC meeting, he's the guy in charge. People do not realize that the guy in charge of the New York Fed is really the number two in command at the Fed.

GLENN: Okay.

DANIELLE: He made a speech saying that the economy is doing so well that we're afraid the unemployment rate is going to crash. His words. Crash.

And, therefore, we're going to have to get out in front of this and tighten more so we don't have to tighten so much more down the road that we put the economy into recession.

GLENN: Wait. Wait.

DANIELLE: Exactly. Exactly.

GLENN: A, why would we be afraid of the -- of the unemployment rate crashing?

DANIELLE: Crashing?

GLENN: That would be, oh, my gosh, panic. We have a 0 percent unemployment rate. That doesn't make sense.

DANIELLE: Right. So the last time the unemployment rate was where it was, wages were growing at about 4 percent. Today, with the same unemployment rate, wages are running at two and a half percent. Yawn. We wonder why there's a shadow economy. We wonder why people are driving Uber at night. There's a reason. Their wages aren't growing. Their paycheck has barely moved and not kept up with inflation.

And Bill Dudley is worried that the unemployment rate is going to crash and make wage inflation run away. Sorry.

The average working Joe wants their paycheck to go up. It's -- there's nothing intuitive about the reasoning right now at the Fed. Nothing.

GLENN: Wage inflation. See, this is their problem. They're trying to convince the American people that there is no inflation. And on some things --

DANIELLE: Well, there's very little wage inflation. That doesn't take very much convincing.

GLENN: Correct. And on some things, there isn't inflation. But on -- on other things, there is gigantic inflation.

DANIELLE: Look at home prices.

GLENN: Yes.

DANIELLE: Today we had a report that came out that showed that home prices are growing at 5.8 percent. They're at record high prices right now. No wonder the average working Joe can't afford to buy a house, and it's finally begun to push back.

Look at college tuition. I buy a gallon of milk every day to feed my four gigantic growing children. I can tell you that gallon of milk keeps getting more expensive.

JEFFY: It sure does.

GLENN: It does. It does.

DANIELLE: It does.

These are not figments of our collective imagination. My retired mother tells me about what her copay is and what her -- what her drugs cost at the pharmacy. These are real things.

GLENN: Okay. So you said one of the things to look for -- so wait. Wait. Before we get on to that. What does this -- why are they raising the rate then?

DANIELLE: Well, the gallows humor is that they want it to make sure that they kept Trump in place. So if you slam the economy into a recession by tightening financial conditions, thus forcing a recession, then you've got Trump's attention and he doesn't put independent people, independent thinkers, dissenters in at the Fed who ruffle the doves' feathers.

GLENN: So this is --

DANIELLE: Give me two seconds.

GLENN: Yeah.

DANIELLE: Last Wednesday with the day the Federal Reserve raised interest rates, there was a story strategically placed on the front page of the Wall Street Journal that said Gary Cohn is looking for replacements for the Fed.

And, by the way, before you even had to open the page to get to the rest of the story, Janet Yellen's name was thrown out there as being a potential contender.

Do you think the administration has folded to the pressure? Because something has to make the Fed back off tightening interest rates.

GLENN: The rumor is -- and I don't know if this is true or not, but this is what happened to Ronald Reagan. That Ronald Reagan -- Volcker got in. And Ronald Reagan said, "Oh, you don't like the Fed? Oh, okay."

DANIELLE: Try me.

GLENN: And that's when interest rates went through the roof.

DANIELLE: And he had a recession 18 months into office.

GLENN: Correct. Correct.

DANIELLE: Trust me, somebody has read Trump this playbook.

GLENN: Yes, you did.

DANIELLE: I'm sure he read it himself.

GLENN: So what should the president do?

DANIELLE: I would like for him to stand firm. I wrote a whole book about it. We need independent thinkers. We need people at the Fed who are on the receiving end of their own policies, not bureaucrats who have been their entire lives in academics who don't understand the implications of the decisions they make. They don't understand what they've done to a generation of Baby Boomers trying to save for retirement.

GLENN: Who is around the president that can tell him this?

DANIELLE: Steve Cohen and Steve Mnuchin.

GLENN: And do you think he's stopped listening to them now?

DANIELLE: No, I don't.

GLENN: Good.

DANIELLE: In that same Wall Street Journal story, Steve Cohen was quoted as saying, basically, I have faith in the Fed. The Fed knows what it's doing. They need to be left alone.

I mean, these are the things that just stand up the hair on the back of my head. They really do.

GLENN: So what should we watch for or be wanting the president to do? What would be a sign that he's pushing back on them?

DANIELLE: If he comes out with a nominee to replace one of the three current open vacancies that does not comply with what the media has been suggesting those individuals should be.

GLENN: And when will -- when will he make those decisions?

DANIELLE: He's going to have to make them pretty soon. The fact that he's been in office, for what? 150 days or so.

GLENN: Yeah.

DANIELLE: And has not taken the opportunity to name a single individual to put up to the Senate is questionable.

GLENN: How will they fare in the Senate?

DANIELLE: Last I checked, the Republicans still have --

GLENN: Yeah, but I don't know what that means. I don't know what that means anymore.

DANIELLE: Well -- okay. So it's undefined.

GLENN: Yeah.

DANIELLE: But I think that given especially the representatives from Texas --

GLENN: Yeah.

DANIELLE: -- Hensarling, Brady, they've been pushing for reform at the Fed. I think they thought that we would have seen some independence reintroduced at the Fed by now. I dare say in private, they're probably a little frustrated that they haven't. Because there are leaders inside the Senate -- there are people on the Hill who will push through truly independent nominees.

GLENN: Okay. Now let's go to the next thing that you said we should watch for. And that is automobiles.

DANIELLE: Five months of weakness in a row.

GLENN: What does that mean to you? What should that tell the average person?

DANIELLE: Yesterday, a report came out. We know that automobile defaults, delinquencies are rising. We know that payments are beginning to cripple households. We know that especially in places where people are commuting, they have to have their car to get to work. It's the last thing they want to stop making a payment on. And the repoman can swoop in really quickly and just hit a kill switch. And you're not turning your car on anymore. And he's going to come and repossess it.

But we've seen reports come out in the last few weeks that show that the 2015 vintage of car loans made is going to be -- subprime car loans made in 2015 will reset, become the worst performing ones on record.

GLENN: Holy cow.

DANIELLE: We know that. And yesterday, Experian came out with a report that showed that credit card delinquencies have started to tick up as well. So you're seeing a trickle down in terms of household stresses rising.

GLENN: And anything on the horizon in the next few that you are looking at and say, "This could be the real big tripwire?"

DANIELLE: The Cheesecake Factory came out last week with a report that said things are really worse than we were anticipating --

GLENN: Right.

DANIELLE: -- they would be.

If restaurants, which employ 10.6 million Americans, if the restaurant industry begins to follow brick and mortar retail into the abyss, we are in the soup. They employ lots of people. A lot of these big restaurant chains, their footprints are too big. And they're going to have to start following the JCPenney's, the Macy's of the world, down the path of downsizing. This is not good news for people's whose skills are not transferable.

STU: That's why I'm going to the Cheesecake Factory today to support the cause.

JEFFY: Me too.

GLENN: I was thinking about that myself.

DANIELLE: I could go for some turtle cheesecake. Bring it.

GLENN: Me too.

The name of the book -- Danielle DiMartino Booth. The name of the book is Fed Up: An Insider's Take On Why the Federal Reserve is Bad For America.

A lot of people have been saying, you know, we want to disband the Federal Reserve. We want to have checks and balances on the Federal Reserve. Great. Read her book to actually educate yourself on what the Federal Reserve is, what they do, how it works, where they have gone wrong. Fed Up. Thank you so much. Appreciate it.

GLENN: We have Danielle DiMartino on with us for a few more minutes. Because I -- we started talking during the break about Illinois.

Illinois is in financial meltdown, and I want you to listen to this line: We talked about this earlier. Top financial official just warned 100 percent of the state's monthly revenue will be eaten up by court-ordered payments.

Now, what that is, is when we were at Fox, remember I used Illinois and said, these pensions, these unions, it's a sham. And when the chicken comes home to roost, there's no money left.

It's now happening in Illinois.

DANIELLE: Right.

GLENN: And you said that there is a --

DANIELLE: There's an op-ed out today, look it up, that said we should potentially jettison Illinois. It's as bad as Venezuela. Let's get rid of it. Let's break the state up into many little pieces and have the neighboring states absorb it because they can -- this is year three with no budget. Moody's came out last week. And they were downgraded to one notch above junk. A junk bond state. Illinois is the fifth largest economy in this country, and it is in a state of shambles because the chickens, as you say, have come home to roost.

GLENN: How many states are approaching this --

DANIELLE: Well, I mean, you can talk about New Jersey. You can talk about Rhode Island. I mean, it's a really small state with a really bad problem.

GLENN: So what do you think the geniuses are going to do?

DANIELLE: As in?

GLENN: You know, what will the geniuses come up with to get us out of this?

DANIELLE: It remains to be seen. These are issues that are popping up with the stock market at record highs. Think about that.

GLENN: Holy cow. Holy cow.

Danielle, we appreciate your look at things. We would love to have you back. The name of the book is Fed Up: The Insider's Take on Why the Federal Reserve is Bad for America.

RADIO

Has THIS Islamist organization BROKEN state laws for YEARS?!

A new report accuses CAIR Action, the political arm of the Council on American-Islamic Relations, of breaking state laws with its political activism. Glenn Beck reviews this story...

Transcript

Below is a rush transcript that may contain errors

GLENN: So let me go over what is -- what's happening with -- with CAIR.

You know, the Founding Fathers were obsessed over accountability.

Because they knew one thing. You know, they did. They must get suggestions from people on, you know, through tweets. They studied every single system of government.

Every single republic that survived. That didn't survive.

Why didn't it survive?

They studied all forms of government. They were trying to come up with something that could -- could set people free.

And they -- they worked really hard on putting our checks and balances in place, because they knew, once power slips into the shadows. They knew, once power slips into the shadows, once influence becomes unmoored from law, what rises is not a republic.

It's a machine. And that's what you're seeing right now. We're not living in a republic. We're living in a machine.

We -- I think we're staring at one of the largest unregulated political machines operating in the United States ever! Okay.

There have been a couple of groups that are doing sweeping investigations, two watchdog groups. One of them is NCRI and the Intelligent Advocacy Network.

And they have concluded now that the political arm of CAIR, he known as CAIR action, has been operating nationwide with no legal authority, to do the things it has been doing for years now.

They're not allowed to raise money. They've been raising money. Coordinating political campaigns.

Not allowed to do it. Endorsing candidates. Not allowed to do it, they're doing it. Mobilizing voters, shaping policy, functioning as a national advocacy network.

They don't have the legal authority to do any of it. And no one has said anything.

Now, according to the report, CAIR action doesn't just have a paperwork problem.

Investigators found, state by state, that it lacks the license, the registrations. The charitable authorizations, required to legally solicit money.

Excuse me. Or conduct political activity, in any of the 22 states in which it operates. Think of that!

I know how serious this is, because I remember what it took to get the license in each and every state, for Mercury One.

So we could operate. We could raise money. We could do things in those states. It's a lot of work. And if you don't do it, you go to jail. And they find out pretty quickly.

Okay?

22 states, they operate not one, zero legal authorization.

In Washington, DC, the city where CAIR action is incorporated, the department of licensing and consumer protection told investigators, they have no record of CAIR action ever obtaining the basic business license required to solicit funds or to operate.

Imagine how long would you last in business, especially if you were controversial.

How long would you remain in business, if you never had a business license?

You think somebody would figure that out?

In a sooner time than I don't know. A couple of decades!

This report means, that the organization if true, is engaging in unlicensed inner state solicitation.

It has exposed itself to allegations as serious as deceptive solicitation. Wire fraud and false statements to the IRS. These are big things.

And this is not political rhetoric.

Are these phrases written in black and white. In the law.

And by investigators. In California, one of CAIR's most active hubs. The state attorney general has said, the state attorney general of California has said, same pattern here!

The state of California, to say, yep. That's what's happening here.

CAIR action has never registered with California's charitable registry.

Never filed the required CT1 form. And has no authorization whatsoever to request donations. But they've been doing it in California anyway.

Fundraising, selling memberships. Issuing endorsements. Mobilizing voters. All of that has been done by CAIR action. There's no record of any license. Any permission, ever. Going to CAIR. From California. That's according to their attorney general.

Wow!

That's pretty remarkable, huh? How does that happen?

It's not just the coast. It is also happening to the Midwest, the South, the Mountain West. Every state hosting its own CAIR action fundraising page, complete with the donate now and become a member portal, despite no trace of the legal filings required to operate. That's bad!

Now, here's where the stakes rise.

Because CAIR action presents itself openly, as the political arm of CAIR National.

Investigators are now warning that any unauthorized fundraising or political activity.

Could become CAIR's national responsibility as well.

So, in other words, the parent, CAIR itself, might be held responsible.

Meaning, this is want just a rogue subdivision.

This could implicate the entire National Organization of CAIR.

Now, this is happening at the same time it's coming under national scrutiny. It's also Texas.

And I think Florida have designated the group a foreign terrorist organization. Members of Congress are now asking the IRS, the Treasury, the Department of Education to investigate all of its partnerships, all of its financing, all of its influence operations. I mean, I think they're going to be in trouble.

How long have we been saying this?

But every time, I have pointed out anything about CAIR, I have been called an Islamophobe, which shuts everything down. That is a word, developed by people like CAIR, to shut people down, so you'll never look into them.

So what happens next?

First of all, the reports have to hold up.

Regulators now have an obligation. Not a choice. An obligation to act!

State attorneys general in these 22 states, they might pursue fines, injunctions, criminal referrals.

All of them need to take action!

The IRS, needs to take action. Investigate tax exempt fraud. Treasury Department may review foreign influence or money flow violations.

Anything coming from overseas.

Oh, I can't imagine it. They're so buttoned up, right now.

DC regulators may determine whether CAIR actions entire fundraising operation has been unlawful from the beginning.

But here's the deeper question. And it's not bureaucratic. This one is constitutional.

Can the United States tolerate an influence machine, that operates outside of the legal framework, designed to prevent corruption, foreign leverage, and untraceable money?

If I hear one more time, talking about how AIPAC has just got to be investigated. Fine. Investigate.

I'm not against it.

Investigate.

Why aren't you saying anything about CAIR?

It feels like it might be a tool in the hands of a foreign operation.

Why aren't you saying anything about this?

Because here it is! It's not like, hey. I wonder why.

This is it! This is it! This isn't about silencing CAIR. Muslim Americans are -- that are full citizens, they have every right to speak. Every right to vote. Every right to organize. Participate in public life. No question! They can disagree with me, all they want.

But no organization. None! Not mine. Not yours. Not theirs. None. Should operate a nationwide political network, in the shadows and be immune from all of the guardrails that every other group must follow!

That's called a fourth branch of government!

That's how a fourth branch goes.

By the way, CAIR has placed all kinds of people in our Department of Homeland Security. Et cetera, et cetera. This organization has done it!

This is -- you cannot have a fourth branch of government.

They must abide by the laws.

No -- you can't have a branch that nobody elected. Nobody oversees.

Nobody holds accountable.

We talked about this yesterday, on yesterday's podcast. So what needs to happen is total transparency. CAIR action has to release its filings. Its donor structure. Its compliance records, if they exist. Equal enforcement under the law. I don't want them prosecuted in special ways.

Look, if AIPAC is doing the same thing. AIPAC should be prosecuted exactly the same way.
I want it equal. I want constitutional rule.

If conservatives, if Catholics, pro-Israel, environmental, Second Amendment groups, if they have to comply by the state law, so does CAIR action.

And if CAIR action has to do it, so do the Second Amendment groups and environmentalists, and pro-Israel and conservative groups. The law cannot be selective. It can't be!

I don't know how that's controversial in today's world. But somehow or another, they will find a way.

The Feds have to review all of this. If the report is accurate, the IRS and the Treasury have to determine whether false statements or unlicensed interstate solicitations have occurred.

Americans deserve to know what exactly, who is influencing our elections. Who is shaping our policy? Who is raising money in their state?

Especially physical the organization claims political authority, that it doesn't legally possess.

Because history will teach us one unchanging lesson. When a republic stops enforcing its own laws, someone else will always step in to fill that vacuum because power abhors a vacuum!

Unregulated, political power abhors a free people. So while it's about CAIR, it's not about Muslim Americans. It's not about religion.

As always, at least on this program, we try to make it about the rule of law.

One standard for everyone or no standard at all!

And that more than anything, will determine whether or not our institutions remain worthy of the freedom and responsibility that we have entrusted to them.

Glenn Beck WARNS Democrats Will Return with VENGEANCE in 2026 | Glenn TV | Ep 473

America is entering a year of historic upheaval from Charlie Kirk’s assassination and the spiritual shock that followed, to Trump’s tariff revolution, China’s rare-earth war, collapsing energy grids, AI displacement, and the looming fights over Taiwan and Venezuela. Glenn sits down with BlazeTV hosts ‪@deaceshow‬ and ‪@lizwheeler‬ along with his head researcher Jason Buttrill, to break down the biggest stories of 2025. Plus, they each give their most explosive prediction for 2026 that could shape our politics, economy, national security, and civil rights in ways Americans have never experienced before.

RADIO

Trump Just SHATTERED the “Expert Class” - And the Deep State is in Total Panic

For nearly a century, Washington DC has been ruled by an unelected “expert class” operating as an unconstitutional fourth branch of government — accountable to no one, removable by no president, and shielded from all consequences. Glenn breaks down why Trump’s firing of the Federal Trade Commissioner could finally dismantle the 1935 precedent that empowered technocrats, how Ketanji Brown Jackson exposed the Supreme Court’s embrace of expert rule, and why America cannot survive a government run by people who never face the voters and never pay for their failures.

Transcript

Below is a rush transcript that may contain errors

GLENN: Okay. So President Donald Trump fired the federal trade commissioner Rebecca Slaughter. Federal Trade Commission is an administrative position. I mean, this is under -- the head of the federal trade commission is a cabinet member.

And if the justices uphold Trump's firing of Slaughter, that will overturn a precedent that was horrible, that was set in 1935. Remember, 1935, we're flirting with fascism. You know, everybody thinks. Because they haven't seen the horrors of fascism yet.

Everybody thinks fascism is neat, blah, blah. So what they do is they say that this is an independent person. And the president can't fire them. Because they're, you know, an independent agency.

Well, wait. That would make a fourth branch of government. Our Constitution is really clear.

There is no such thing as a fourth branch of government. Right?

So that's what they're deciding. Now, here is Ketanji Brown Jackson, who is talking about how we really need to listen to the experts. Cut four.

VOICE: Because presidents have accepted that there could be both an understanding of Congress and the presidency. That it is in the best interest of the American people to have certain kinds of issues, handled by experts. Who, and I think you -- in your colloquy, Justice Kagan, have identified the fact that these boards are not only experts, but they're also nonpartisan. So the -- the seats are actually distributed in such a way, that we are presumably eliminating political influence because we're trying to get to science and data and actual facts, related to how these decisions are made.

And so the real risk, I think, of allowing non- -- of allowing these kinds of decisions to be made by the president, of saying, everybody can just be removed when I come in, is that we will get away from those very important policy considerations.

VOICE: We will get away from US policy considerations, and it will create opportunities for all kinds of problems that Congress and prior presidents wanted to avoid, risks that flow inevitably, just given human nature, the realities of the world that we live in.

GLENN: Okay.

Now, remember, what she's saying here is, we have to have experts.

We have to have experts. We have to have experts that don't really answer to anybody. Okay?

They're appointed. And then they're just there. This from a, quote, judicial expert, who cannot define a woman, because she's not a doctor.
She's not a scientist.

She needs an expert to define a woman.
That's how insane her thinking is. Okay?

Now, I would just like to ask the Supreme Court, when you want things run by experts, do you mean things like the State Department, or the counsel of foreign relations, that have gotten us into these endless war wars for 100 years?

Because these are the things that Woodrow Wilson wanted. He wanted the country run by experts.

Okay. So is it like the Council of Foreign Relations, that keep getting us into these endless wars.

Or is it more like the Fed, that directs our fiscal policy, that has driven us into $38 trillion of at the time. We have all powerful banks. That strangely all belong to the fed. And endless bailouts for those banks. Are those the experts that you're talking about?

Or are you talking about the experts that are doctors, that gave the country sterilizations, lobotomies, transgender surgeries. You know, or should we listen to the experts, like the ones that are now speaking in Illinois, to get us death on demand like Canada has, with their MAID assisted suicide, which is now the third largest killer in Canada. MAID, assisted suicide, third largest killer in Canada. Experts are saying, we now need it here, and they're pushing for it in Illinois. Or should we listen to the experts? And I think many of them are the same experts strangely, that brought us COVID. Yeah. That was an expert thing. They were trying to protect us. Because they need to do this for our protection. So direct from the labs in China with the help of the American experts like Fauci. We almost put the world out.

Should we listen to those guys?

Or the experts that brought us masking, and Home Depot is absolutely safe. But Ace Hardware wants to kill grandma. Which are the experts that we want? That we want to make sure that we have in our lives? That they don't answer, or can't be fired by anybody. Because I'm pretty full up on the experts, myself. I don't know.

But you're right. These experts would keep the president in check, and they would keep Congress in check. And you in check!

And the Supreme Court, which would be really great. You know, and you know who else they would keep in check? The people.

So, wow, it seems like we would just be a nation run by experts, and our Constitution would be out the window, because that's a fourth branch!

And if you don't believe me, that, you know, these experts never pay a price. Can you name a single expert?

Give me a name of an expert, that gave us any of the things that I just told you about.

Give me the name. I mean, give me the name of one of them. Give me the name of one of them that went to jail. Give me the name of one expert that has been discredited.

You know, where your name will be mud in this town. Do you know where that came from?

Your name is going to be mud. It's not M-U-D. It's M-U-D-D, that comes from Dr. Samuel Mudd. Okay? He was a docks man. He was an expert. He was that set John Wilkes Booth' broken leg. He made crutches. He let him stay there for a while. He claimed he didn't know him, but he did know him.

In fact, one of the reasons they proved it.

Is because when he pulled the boots off -- when he pulled both of his boots off, right there, in the back, you couldn't have missed it. It said "John Wilkes Booth."

He's like, I have no idea who he was.

Yeah. Well, you knew him in advance. This was a predetermined outpost where he could stay. It's clear you could know him.

The guy was still discredited, we still use his name today. Your name will be mud in this town.

And we think that it's like dirt, mixed with water kind of mud. No, it's M-U-D-D, Dr. Mudd. The expert that was so discredited, went to jail, paid for his part of the assassination of -- of Lincoln.

Give me the name of one of the experts in the last 100 years, that has brought us any of the trials and the tribulations. The things that have almost brought us to our knees. Give me the name of one of them. Can't!

Because once an expert class, they don't answer to anyone. So they never go to jail.

Wow! Doesn't that sound familiar. People never going to jail!

There's a rant that's going around right now, that I did in 2020. And everybody is like, see. He's talking about Pam Bondi.

No, no. I got to play this for you, a little later on in the program. But I want to get to the experts and what the Constitution actually says about that. Because you don't need my opinion. What you need are the actual facts. So you can stand up and say, yeah. I think Ketanji Brown Jackson is an idiot. Okay?

And she's really not an expert on anything. Especially the Constitution. You need the facts, on what the Founders said. Because the Founders would be absolutely against what they did in 1935.

Because that just -- what does it do?

It just sets up a fourth branch of government.

RADIO

EXPLAINED: Why the Warner-Netflix/Paramount Merger is DANGEROUS for All of Us

The biggest media merger in modern history is unfolding, and Glenn Beck warns it’s the most dangerous consolidation of power America has faced in decades. With six corporations already controlling 90% of the nation’s news and entertainment, a Warner-Netflix or Warner-Paramount megacorporation would create an unstoppable information cartel. Glenn exposes how “too big to fail” thinking is repeating itself, how global elites and “experts” are tightening their grip, and why handing our entire cultural narrative to a handful of companies is a direct threat to freedom. The hour is late — and the stakes couldn’t be higher.

Transcript

Below is a rush transcript that may contain errors

GLENN: By the way, it's never good when you consolidate power. It's never good.

And what is going on now, with this Netflix Warner Brothers paramount stuff, I don't care if Larry Ellison is a conservative or not.

No one should have that much power.

I did a show, gosh, four years ago. I don't even remember when I did it.

We looked it up. In the 1980s. 19 percent of American media was owned by over 50 companies.

Forty years later, 90 percent of the media is watched and controlled by six companies.

National Amusements, the Red Stone Family controls CBS, CMT, MTV, Nickelodeon, gaming and internet. Simon & Schuster Books. That's all one.

Disney, ABC, ESPN, History Channel, Marvel, Star Wars, video games and print.

TimeWarner controls CNN, Warner Brothers, HBO, Turner, video games, internet, and print media like TIME. Comcast, MSNBC, NBC.

CNBC, Telemundo, the Internet.

New Corp. Fox. National Geographic. Ton of others. Sony, with a ton of movies, music and more. The big six. They're valued at nearly $500 billion.

Now, this is something I put together five years ago. So I don't even know. This is probably not even valid even today.

And now we're talking about Netflix, Warner Brothers. Paramount, into all of these one giant corporation. It's wrong! It's wrong!

We can't keep putting all -- everything into the hands of just a few! It's what's killing us!

We've got to spread this around. We can't -- the government cannot okay mergers like this.

They're big enough he has

What happened -- what happened when the banks went under, or almost went under in '08. What did they say the problem was?

They said the banks are too big to fail.

Too big to fail.

Because they were providing all of the services, everybody needs. All the time. And there's only a handful of them.

So if they fall, then everything falls.

Right?

That was the problem. So what did we do to fix it?

We made them bigger!

We let them merge with other banks, and gobble up other things!

And started taking on the local banks.

And so now, your banks that were too big to fail. Are now even bigger. And their failure would be even worse!

What is wrong with us?

Seriously, we're not this stupid.

We're not this stupid.

I think we're just this comfortable.

We just think the experts have a plan. No. The experts don't have a plan.

Their plan is stupid. Their plan is to make it bigger.

Every time it fails. Make it bigger. Push it up.

Make it more global.

No. Haven't you seen what the entire world is like?

The entire world is over-leveraged. The entire world is on the edge.

The entire world is being redesigned.
So what do we do? We don't allow them to make things bigger! We need to start taking more individual and local control of things. They're making it bigger. Which will make the problem bigger. And make the problem so big, you won't be able to do anything about it, because all the experts. All of the heads. They'll all -- there will be six of them. And they will all be sitting in one room.

And they will all be making the instigations. And with them, making those decisions will be all the heads of all the countries around the world, that you're not going to have a say in any of that. They're already trying to do it with the WEF.

But if -- if the Supreme Court says, no, experts matter. And the president can't fire them. You will not have any control over anything!

We're at this place, where we can back out. We can turn around.

We can do it.

It's not too late. But the hour is growing very late.

I don't know about you, I don't like being this.

Up to the edge, you know what I mean?

I would rather have lots of breathing room, between me and the edge of the cliff.

But we don't have that anymore.

Everything has to be done right.

And we have to pay attention.

And the worst thing we can do is make things bigger.

Dream big, think small.

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EXPLAINED: Why the Warner-Netflix/Paramount Merger is DANGEROUS for All of Us

Transcript