RADIOSeptember 19, 2024

Explained: Why the Fed lowering interest rates might be a BAD sign...

The Federal Reserve just lowered the interest rate by half a point, the first time it has been lowered since 2020, and only the 2nd time it has been lowered by half a point since 2020 and 2007. Is this an accommodative move, or just another restrictive move to try to avoid disaster for as long as possible? Recovering investment banker Carol Roth joins to break down what this lowering means, the possible good and bad signs for why this is happening now, how it'll affect you and your bank account, and what we must continue to look out for.

Transcript

Below is a rush transcript that may contain errors

GLENN: Welcome to the program, Carol Roth.

I'm hoping you can make sense. And maybe some good news out of what happened yesterday.

Because I can't find a way to it. Because of the history of cutting the interest rate this much.

My first thought is, this is election interference by the fed.

My second thought was, when did they last do this?

And it didn't -- neither of those things lead to good things.

So what's really going on here, Carol?

CAROL: Well, I just want you to know, Glenn. I'm unburdened by what has been. Now the market, in terms of interest rates. Because we are in a rate cutting environment. And I think the important thing to remember is that when we talk about, you know, rate hikes. Rate hikes.

Anything the fed is doing. We have to keep it in context. And the backdrop is that we came out of 15 years of what's called zero interest rate policy.

Where the interest rates were at or near zero.

Unprecedented. As well as the fed putting $9 trillion, plus on its balance sheet.

So this is an unprecedented -- does not have analogue, that we can directly compare to.

Not to say, it's not important to go back, and look at what happened historically. But it doesn't mean exactly the same thing.

And cutting 50 basis points. And half a percent today. Is different than we are cutting it. When interest rates are at 2 percent.

I just want to put that out. Also, somebody, who as we said, on this program many times. That I think the Fed has been way behind the curve. I think they went up too high. And that they were too slow, to cut to begin with. So we'll put that from a backdrop standpoint.

So how does the market interpret, and how should individuals interpret a cut?

Well, there's potentially the bad. And potentially the food. We'll walk through both of those real quickly.

The potential bad is the signal.

When you are saying that the economy is doing amazing. And is just -- you know, it's ripping along.

And then to do a very large cut. They could have done half of that. They could have done 25 basis points. But to come out after not doing anything. And say, oh, we have to move 60 points.

Can send a signal, to say things aren't going so well.

If you looked at the market, yesterday, they were not taking news.

GLENN: It went up, and then when he cut it, it went way down.

CAROL: And once they gave back all the gains yesterday. But today, they have had a day to digest it.

And the market thinks that this is a good thing. Now, the market is not the economy.

GLENN: Yes.

CAROL: But again, after 15 years of zero interest rate policy, you know, it does make sense for us to get back to say to what is considered a neutral rate.

GLENN: Is this a -- is this an inflationary move though?

CAROL: So that's the question. So if you think about what the neutral rate is. Which is theoretical. We don't know the number. But basically, it's the dividing line between policy that is restrictive and policy that is accommodative.

And what we're trying to do is have the Fed have no influence in either direction. I believe that we are still in that restrictive area.

So bringing it down, from -- two, four, and three-quarters, to 5 percent. Again, is not the same as bringing it down to 2 percent.

And so I don't think that will cause inflation. We have to remember too, again, going back to where I started. Companies and individuals have 15 years.

To take out debt. And basically no cost.

This is sitting on company's balance sheets.

They took every piece that they could.

And consumers right now, don't have a lot of runway.

So the idea of, you know, a rate cut, unleashing massive demand, when we've gone to, you know, three-quarters to 5 percent.

I don't see this as something that is going to unleash massive demand.

GLENN: Okay. Here's. Here's. I would just like your opinion on this.

As a businessman. I know, I wouldn't be spending a dime right now, on hiring. Building. Anything.

Not a dime, until I see what happens at the election. And depending on the election, if we go with Harris, and we become much more restrictive, and harder, and more global, and everything else.

I'm -- I mean, I'm just battening down the hatches. If Trump gets in.

I would be willing to they have. Because all right. Good. We have somebody who understands business.

We can hire some more people, et cetera, et cetera.

I don't see anybody making those moves rationally, no matter what the interest rate is.

At this point. Do you?

JASON: I think that's a logical way to digest it. I think in terms of one of your first statements. Is this term, political.

The Biden Harris administration, will be pushing out and saying, look, we have inflation under control.

The Fed said so, otherwise we wouldn't have lowered it or lowered it by so much.

So I think that is the push that they are going out and trying to convince people. Now, they've been trying to convince people of things that makes absolutely no sense, for the last three and a half years. So if I'm a businessperson.

Do I go ahead ask make the investments?

But are there some people that might? It is a push. I think the challenges. It becomes a self-fulfilling prophecy. That if you get worried. That there is a recession.

And you create these restrictive behaviors. That becomes self-fulfilling. And that's one of the things that we end up worrying about.

GLENN: Correct.

So let me ask you about one more thing.

He mentioned the problem with unemployment. Unemployment is going up.

Because you just added 70 to 20 million people to the country.

Is -- I mean, people are saying, anecdotally that -- and we are I guess, seeing it in numbers, that the jobs that are being filled. Are being filled with illegals.

And not American citizens. How long can that go on, before it's just, you know, an absolute wreck?

JASON: So the way that I've interpreted the economy. Is I see it as K shaped.

If you think about the letter K. You have one at that one part of the K that goes up. And the other part that goes down.

And you have the people who are at the lower end of the K. Who have been struggling. And the people who are at that higher part in the K. The asset holders.

The people with the white color jobs in the homes, who have been doing well. And you have to remember, what we've been seeing, is that it really is that higher part of the K, that has been pulling the economy along.

So not only do we have those illegals who are coming in. And creating drains on everything.

Right?

They're creating drains on employment. On the national debt.

On housing. On everything.

But we're also starting to see, these cracks in the white color labor market.

When you hear Amazon saying, oh, we want everybody back in the office.

It means that companies now have the power to demand that. When they didn't have the power. And buried in that statement was. Oh, we're trying to get rid of some managers.

We're seeing more and more layoffs on the tech side.

So if we see that crack, from the white-collar piece. I think, at least in the short-term. That will have the biggest impact on shifting what's going to happen here.

And I think that's what the fed is signaling they're trying to get ahead of.

Whether or not they can do that remains to be seen. Because usually they're always late. But it's true. We have the drag on both sides. We have that drag that's happening on the white color piece.

And then we have this massive illegal immigration that is putting strains on the system.

And, you know, that is going to you, you know, completely shift things.

And I will say, Glenn. We hear all these people talking about technology. And AI.

And how it's going to replace jobs. You know, if you think it's going to replace jobs.

Jobs it will replace are unskilled workers. Right?

The person who is making your burrito with Chipotlé and the like. You can possibly make an argument that we do not need any more legal immigration in this country, with the exception of some very high merit-based people at all.

In addition to this, you know, travesty that is happening with the illegal immigration. So this is going to be, you know, hopefully, we can get President Trump in there. But this needs to be attacked in a serious fashion. Because it will have massive implications on the economy. On top of the biggest issue. And it feeds right into it.

Which is the debt and deficit spending that continues to grow that debt. The fact that that's unwieldy. So all of these things are puzzle pieces. But we can't let the noise about a fed rate cut. Or what's happening. Distract us from that big issue. We need to grow the economy. And we need to reduce spending.

So we can get debt to GDP back to a normalized level. And be able to save our country.

GLENN: Carol, thank you. I appreciate it. Carol Roth. The author of You Will Own Nothing. Former investment banker and a contributor to Blaze.

And also, to this program. I just love her. She explains things the way, you know, people like me, talk. Who -- just regular people. Carol, thank you so much.

It's CarolRoth.com/news.

CarolRoth.com/news.

Brand new show takes you backstage with Glenn

Everything changes January 5th

Enter your email to be the first in line for groundbreaking Torch reveals:

Hey, it’s Jason Buttrill, Glenn’s head writer and chief researcher.

Have you ever wondered what’s going on behind the scenes of Glenn’s radio show?

What’s happening right before he starts the show? How do he and his staff get ready? Is it chaotic during the show as Glenn adapts to breaking news?

Glenn has decided to bring you all in on the action. Introducing the Torch Insider Feed—a new segment running throughout the daily radio program. I’ll be your guide during the entire show, popping in just before it starts and at other times when non-Insiders typically see commercials.

I’m going to give you a behind-the-scenes inside look that hasn’t been seen before.

But beyond that, we’re going even deeper. We’ll use Glenn’s new content tools to rapidly access the information he’s shared with you over the past two decades—all the dots connected, all the history explained… EVERYTHING. And we’ll—somehow—fit it all in before Glenn returns from commercial.

As an Insider, while Glenn does his daily radio program, you and I will push the boundaries of what we can learn and experience during his show. You’ll be able to comment on everything we’re talking about, and I’ll respond in real time. It truly is a one-of-a-kind experience that I don’t believe has ever been attempted before.

Coming January 2026.

This plan could FINALLY FIX our broken immigration system

Is it enough to just stop ILLEGAL immigration in America? Rep. Chip Roy (R-TX) joins Glenn Beck to explain his proposal to stop ALL immigration until we fix our broken system…

Transcript

Below is a rush transcript that may contain errors

GLENN: Anyway, let me go to Chip Roy.

Hello, Chip, how are you, sir?

CHIP: Glenn, how are you? Merry Christmas, bro.

GLENN: Merry Christmas. This is our Congressman from the great state of Texas for Texas attorney general.

Talk to me about your bill on immigration.
Does it have a chance -- tell me what it is. And I want to know if it has a chance of passing.

CHIP: Sure. I mean, you know, you opened this segment by talking about our need to focus on not just illegal immigration, but legal immigration. And I strongly believe that that is true. I think for way too long, we have been getting loose. Fast and loose overly corporate. Overly driven by, you know, your kind of chamber of commerce crowd.

All of a sudden, we now have a situation where we have millions of people in our country, that are not seeking to assimilate, not seeking to assimilate, not seeking to be, quote, the melting pot.

But rather trying to reestablish their cultures from other countries, rather than becoming fully American. And that's been a long string of -- of decisions. And we go back and put it in perspective. We have 51 and a half million foreign-born people here in the United States.

The vast majority of whom, did not come here illegally, right?

But came here legally. Then they've been abusing the process and the system, because we've got this broad use of H-1B one visas. We have diversity visas. We have chain migration. We have everybody's cousin. Uncle, aunt, whatever. And there's the growing population here.

And this is now, unlike it was a century ago, right?

When we had the mass migration. The late 1800s, the early 1900s. And at that point, we didn't have a welfare state. We have schools that were teaching that America was great, or even the Constitution. And we had, you know, God in the schools, and we had our culture being elevated, not being criticized. And at that point, we stood for immigration in the 1920s. Right? We still flatlined it because everybody said, whoa, whoa, whoa. We have so many people in.

Our country was stronger for it. Today is worse. Because we have so many people coming here, who are not assimilating. We have schools that are not teaching people that America is great.

And we certainly are continuing to have a welfare state now, that is causing a big problem. So I think we should pause it. It's called the Pause Act. We should pause legal immigration, until we fix a lot of things.

Fix diversity. Fix chain migration. Fix H1 --

GLENN: Wait. Can you tell me what a diversity visa.

What is a diversity visa? I don't even know what that is.

CHIP: Diversity visas. Chain migration, these are all things being used currently to have expansive use of the ability of people to come into the country, and -- and say that they're -- you know, a family member, right.

An extended individual, in what we're calling chain migration. So you'll have a person come in, and instead of it being a close knit family member, right?

Instead of it being, okay. This is my spouse, or this is my child. It's cousins and aunts and uncles, and so forth.

And, you know, this is the kind of thing that we've got to reform. And including, H-1B visas. And including all the problems that we have here with birthright citizenship.

Obviously, the Supreme Court is going to hear the Trump administration's executive order on that.

But we should codify a new view of how we deal with birthright citizenship. You can only be a citizen, if you're born of citizen parents. Not because you were on our dirt. So these are -- in Texas, right?

We had a Supreme Court opinion, in the 1980s to educate the children. Of illegal aliens. Illegal alien children. We do challenge that, overturn it. And we should fix it.

Until you fix all those things. Fix illegal immigration.

Then we're going to lose our country. We're going to lose our culture, and I think we need to do that. So that's why we have to have a bill to pause it.

I just talked to police officer, the day before yesterday. And I was walking down the street, going into the store for Christmas. And he said, hey, Glenn Beck.

And he had this slight accent. I couldn't tell exactly what it was. And then he said, eventually, I'm Irish. I came from Ireland. I've been here for 20 years. My wife and I lived in Ireland.

I said, my gosh, does Ireland even exist anymore?

And he said, Glenn, it used to be. I go back every year, it used to be you could go anywhere, and you would have the Irish public.

And, you know, you could see Irishmen everywhere. And, yes, there were people from other parts of the world, et cetera, et cetera. But it was Irish!

He said, I can go down into my hometowns, small ones, and he said, I don't see another Irishman.

He said, the Irish culture is completely annihilated. He said, it's all mosques and Pakistanis and whatever.

And he said, is there ever anyone who will say, hey, wait a minute, the Irish culture, the American culture, the English culture.

The -- the whatever culture, that's important too! When is anybody going to step up and say, you know what, we -- we don't want to lose this!

By embracing that! We can have both. But not like this!

CHIP: Well, Glenn, and you know. And, by the way, the thing I -- since I got up and I started talking about chain migration. But just so you know, right? That's a program very specifically designed to bring people in from countries that we don't have significant immigration from. It's literally designed to diversify our immigration population.

GLENN: What!

Who cares?

CHIP: Right. And that's my point. And this is what's so wrong about our immigration system.

And it's being done that way. And by Afghanistan, all of it is being abused. And we have had this mass migration. And, again, you are the ardent defender of the First Amendment. So am I, and you can believe what you want to believe. Right?

And we would never want to insert the federal government into your belief system, like between you and God.

But what we have to remember about Islam is that it is a politically motivated group of individuals. Right?

This is -- when we look at the core, and we look at what -- you look at what the Muslim government is talking about. When you look at Sharia law, when you look at the tenets of Islam, there's a massive political component to it, and we have to remember that.

We have to remember. You actually read the words. Read what's being said. And look what's happening in Dallas.

Epic City is not just an accident. What happened was the growth and the promotion of Sharia law in the United Kingdom, in France, in America.
It's not an accident, okay? And this is well beyond, hey, you can believe what you want to believe. You can be agnostic. You can be Christian, Jewish, Hindu, Muslim. We stand for that principle.

When you come here to annihilate and change your culture. Then you've got to approach that.

We -- we Americans to have approach that in a different way.

And I believe, we should pause immigration. We should be doing what the President is doing.

Remove a whole lot of the people dumped into our country under Biden with illegal immigrants, asylum, that were abused for all those abused by Biden and Mayorkas, and go around and make sure that we are resetting the table and reset our laws. And we should just pause for a while. And reclaim our American culture to your point about what you just said about Ireland.

GLENN: You -- you lay out -- I saw your press release, and you lay out what this bill will do, and I got to read this to the audience.

Because I can't believe you have to say this. It would end the practice of automatic citizenship, yeah, and chain migration.

Yeah, that's not what the Fourteenth Amendment says. That's not what it is about. That's not what it was written for. And the H-1B one visa program. Got it. Ensure immigration assimilation, got it. Now, listen to these last three.

This is what he is proposing we do.

Okay? We're not doing it. He's proposing we do this: Deny entry to Sharia law adherence.

Oh, I don't know. Yes!

I can't believe we have to even say that, out loud. Deny entry to Chinese communist party members. I don't know. Yes!

And the third one: Deny entry to terrorists!

This is a civilization that is on a suicidal path. If that can't happen. That's not -- it's crazy that that's not already happening!

Suicide. Just committing suicide.

CHIP: Well, the other element that we have to factor in is the welfare that is being doled out.

GLENN: Yes.

CHIP: To noncitizens in the form of not just food stamps. Medicaid.

All of the social programs in the federal government. But also our local schools and local hospitals to get inundated by people coming into the United States.

Knowing that they will get free health care and free education, and they might be able to then use birthright citizenship, to come here, to grow here. And none of this is about the melting pot.
And, Glenn, that's what I'm trying to make the case here to people. When you have people who came here, who largely shared our values. And when they came here, they wanted their kids to learn English. They wanted their kids to love America.

They wanted their kids to love our history and our founding. They appreciate what our country stood for. By the way, that mass migration occurred right after the Civil War. So our country has literally been at war. And people said, I want to go there. Because this country stood for something bigger and better. And people knew it. But they wanted to be apart of it. And they wanted to embrace it.

They didn't want to change it. That's not true now. Right? That's definitively not true.

United States Congress. Ilhan Omar.

When we openly and outspokenly, committed to changing America to be like her home country!

That's a problem. That is what is happening. And if we don't -- you can't win a war, that you don't acknowledge exists, Glenn. And there is a war being waged against our way of life. And against our culture.

So look, I've increased the legislation here. But it's also why I'm running for attorney general. And a campaign speech, you hear me.

We have to have states. That are standing up and leading this fight as well.

If we're going to save America.

GLENN: You brought up, you know, there's a war being waged.

I -- every alarm bell in me is going off.

Every alarm bell within me. We are -- we're in a war. We won't even recognize it.

I think the president has. But I think it's going to take a lot more than what we're doing right now. Look at what's happening in Europe.

France just happened their -- their ball drop, you know, for New Year's Eve.

They have it -- every year. They cancelled it. And said, just stay at home. And watch a rerun of it from another year.

That's insanity!

They just have surrendered.

The -- how serious are we at -- at preparing for a civilizational war.

CHIP: Well, I think on the positive side, we have an increasing number of people in leadership, who were understanding the threat.

In a way that they didn't a year ago, or five years ago.

That being said, we also have a long way to go and a very short time to get there. Right?

We have got to move quickly. If you see what's happening in Europe, right? And we go, well, they're 20 years ahead of us now. I don't think that's true.

I think Europe is a mere months, years, few years ahead of us, in terms of how bad it's gotten.

And I think we're now realizing, how much damage we've done over the last decade, in particular. Certainly, the last two decades in terms of the mass influence of people, that do not ultimately share our values. So I do think it's important that we support the president on what he's doing and removing bad actors, and making sure that we're removing people that need to be removed, or here illegally.

But if we don't reform our illegal immigration system immediately. And pause it. And freeze it. And reset who we are as Americans. And get people to understand that when you're here, you're going to embrace being an American. Then we're not going to save the country. Right?

So that's why I wanted to introduce this bill. It's why I introduced this bill. That's why I had to introduce several legislation to defend people from Sharia bill. That's why I've given a bill to take away the tax status for CAIR. We've got to get people to realize, that we need immediate change. That we can't wait. So right now, Congress is not codifying or advancing the ball on this front yet.

The president is doing it unilaterally. And I think that's a problem.

GLENN: Can the house actually get it done? Are we going to pass it? Does it have a chance of ever getting to the president's desk?

VOICE: Right now, we are socializing it, and there's a growing number of people who support the concept. And it's not on social media.

But we've got to get it socialized with the White House and the leadership of the House, to get it to the point of trying to enforce a vote. There's going to be a lot of resistance. There's going to be a lot of people, that are going to be listening to business interests. A lot of people who will say, well, I've got a certain culture in my particular district and so forth.

And we've got to ride the (inaudible) act and recognize, if we don't do this, then we have no chance to save the country.

Because if another 55,000 people come in on diversity visas this year, and another 55,000 coming next year, and then another 55,000 the following year, all from these supposed low immigration countries for purposes of diversity. In addition to the chain migration, in addition to H-1B visas. Right? Do the math. See what's happening.

And how many things are happening. So we've got to freeze that. And reset what we want to do for our country.

GLENN: All right.

It's called the pause act. Get online, and support Chip Roy at the pause act. Ask your Congress man. Your senators.
To join Chip on the pause act. Again, you can follow him on X, at Chip Roy.

TX. He's also running for candidate for attorney general. What is your website? Chip.

CALLER: ChipRoy.com. Pretty simple. Pretty straightforward, and I appreciate it. And look, this Christmas Eve and for everybody out there, Merry Christmas. We have the greatest country in the history of the world. We have to keep our heads up and put our faith in Jesus, and remember that it's on us, to pass it down to our kids and grandkids.

GLENN: Thank you so much, Chip Roy.

The END of 'Glenn TV': 14 Years of Truth Bombs, Tears & Glenn's NEXT Revolution | Glenn TV | Ep 475

It's time to say goodbye to "Glenn TV," but Glenn's radio program and "The Glenn Beck Podcast" will continue to be main staples on BlazeTV. After 14 years of "Glenn TV," Glenn Beck looks back at the warnings and predictions that defined the show. From predicting the Islamification of Europe to exposing the corruption in Ukraine years before the mainstream media, Glenn revisits the moments he challenged the experts and sounded the alarm early. He rewinds his predictions on Russia, ISIS, socialism, and the coordinated collapse of capitalism and Western civilization. Glenn also revisits his early reporting on Rep. Ilhan Omar (D-Minn.) and the COVID lab leak — stories the media originally dismissed. Plus he gives a first look at what's to come with his new project, the Torch, debuting January 5, 2026.

The Western World is UNDER ATTACK... And THESE Shocking Stories are Proof

A wave of global instability is forcing Western nations to confront hard truths they’ve ignored for years. From Australia’s deadly attack and a media narrative that excuses extremist violence, to France canceling its iconic New Year’s celebration over “security concerns,” the cracks in Western resolve are becoming impossible to hide. This conversation exposes how denial, mass migration without assimilation, and media double standards are eroding public safety, cultural confidence, and the West’s ability to defend itself from growing threats.

Transcript

Below is a rush transcript that may contain errors

GLENN: You know, there's more on the -- the shooting in Australia. Did you see the comment from the mom?

The -- the hero who disarmed. He's a hero. He's getting a lot of accolades.

But here's the family of Ahmed al Ahmed. No, no, no. That's the good guy. Hang on just a second.

That's the hero. I'm just looking through all of the stories. Here it is. Here it is.

Mother of the Bondi beach shooting suspect. The mother of Naveed Akram, who along with his father, allegedly killed more than a dozen people at a Hanukkah celebration, said on Sunday, insisted her son was a good boy.

Now, I mean, I can understand, you know, you wanting to believe that, because your son is your son. You know, but I don't think -- I don't think anybody in Rob Reiner's family is thinking the brother is a good boy. They might love him still, but he's not a good boy if he indeed did that.

STU: Yeah, there could be an element of thinking, right? Like, you know, he's been overcome by addiction, or overcome by mental illness. And I think he's a good boy underneath hat. You can have that Islamic extremist terrorist son if you want.

But what you would have to say I think accompanying that, was he got infected by this extremism. And, you know, by his dad who, you know, led him down a terrible path.

GLENN: Right. Her husband.

STU: Right. That's a plausible thing, if you believe. He can't be a good boy if he's murdering people, unless, of course, Glenn, you believe that the outcome was positive.

GLENN: Well, it was positive, yes.

She said, he doesn't have a firearm. Yeah, he does.

He doesn't even go out. He doesn't mix around with friends. Well, now you're describing a loner.

He doesn't drink, smoke, or go to bad places. Anyone would wish to have a son like my son. He's a good boy.

No. No. I'm safe to say, I don't want a son like that.

STU: No. Yeah, I'm pretty sure she was about to say, and he stays away from trans fats.

That's great, just doesn't have much to do with this particular incident.

GLENN: Yeah, I would say that. Also --

STU: Can I follow up, while we're in this realm here real quick with this audio. This is -- you mentioned this briefly. But let's play a game here: Can you find the logical problem with this particular audio from ABC News?

This is about the somewhat associated shooting of the pro-Palestinian group. Or the pipe bombing, from the pro-Palestinian group you discussed earlier this hour. This is a real clip, not edited.

GLENN: All right.

VOICE: Nowhere did they allege that any of these individuals wanted anybody to be harmed as a result of these pipe bombs. Specifically, it does appear that their aim was to sent a political message, as they said, prosecutors yesterday in this news conference.

VOICE: Carol and Page also discussed plans for follow-up attacks after their bombings, which included plans to a target ICE agents and vehicles with pipe bombs.

STU: Now, can you detect any issue with that?

GLENN: I found two.

I found two.

One, they're not targeting anybody with the use of the pipe bomb!

STU: Right.

GLENN: Now, maybe. Maybe nobody gets hurt like that.

But experience and history tells me. Sometimes when you don't know what you're doing, pipe bombs hurt people.

STU: Right. Yes.
GLENN: And sometimes when you do know what you're doing, pipe bombs hurt people.

That's the -- that's problem number one. Problem number two was, they stated they were then going to target ICE agents?

STU: Right.

GLENN: As if ICE agents aren't people?

STU: You know, Glenn, that is exactly what I came up with. I think, I've heard this statement. You mentioned the same sentiment earlier on the program. A lot of people are saying this. I guess, in their conversations that were, you know, picked off as we were going through this investigation. There were some similarities. If you think back to early environmental terrorist attacks.

ALF and ELF, some of those attacks -- not all, but some of those attacks were targeted at infrastructure, and things around the -- you know, the oil industry. But not -- you know, intentionally trying not to harm the workers or whatever.

And some of their I guess conversations back and forth echoed that sentiment. Like, let's put them this a place where people aren't going to be.

Again, I don't think that's good. I don't think of these people as heroes. But Hollywood would make movies over people like that and how wonderful and glorious they were.

But at the end, they seemed to ignore, that they had attacks planned against ICE agents. And the only way that makes logical sense is if you don't think ICE agents are people.

GLENN: Are people. Yeah. Yeah.

Yeah. Dehumanize. Dehumanize. Dehumanize. That's why I've been saying, we've got to stop MAID. We have to appreciate life again.

We have to stand for life. All life!

If we don't, you can just say, well, that's not really a person.

You've got to stand for life.

One more story in this, just to show you how close we are to losing Europe.

The French who aren't -- are not used to waving the white flag.

You know, they're -- they're -- they're tough. They have decided on New Year's Eve, that they are not going to hold the fireworks show, that they always hold at the art drive.

So they always have a New Year's Eve concert and fireworks show, but this year, they've decided that they're going to scrap it, wait until you hear what they were going to replace it with. But they're going to scrap it because there are security concerns such as, quote, unpredictable crowd movements.
You mean, like the crowds that are coming over on boats and coming on to your shore? You mean those crowd movements? Because, I mean, I think we know what they're saying here. They're saying that they're very concerned that there might be trouble. There might be some sort of, you know, shootings or activity or terrorists. But they're not -- they're just saying, it's unpredictable crowd movements. And so we're -- we're suggesting that we cancel the decades old fireworks celebration on New Year's Eve.

That's like canceling Times Square. Okay?

We're going to cancel that. And instead, replace it with -- this is a quote.

With a prerecorded video to be viewed in the safety and comfort of your French living room.
(laughter)

GLENN: Oh. So we're watching an old celebration.

Why not? Dick Clark. We got all those tapes of Dick Clark. Let's just cancel New Year's Eve and Times Square and just play one from 1977. I mean, who didn't love that?

STU: Not only is that completely insane. It's also a great example of why virtual school didn't work.

Right?

You know, that's not the same thing. My wife say big fan of around this time of year. Every television has the Yule log on it, you know. And at his help you. It's nice. It helps you celebrate the season, a little bit. But it's not the same as going around the fire, and feeling the heat, it's not the same.
GLENN: Right. Yeah. There's no warmth. There's no warmth. But leave it to the French to surrender. I mean, we've lost France. We've lost France.

If they're not willing to say what's going on. Look, there's terrorists here. And we're afraid of a large crowd. And we're lost, because we let too many people in here. We have no idea who they are. And they're dangerous. And they want to kill us and kill our civilization.

We're working on that, so we can have this next year.

This year, we will to have cancel it.

But they're not saying that. They're saying, you know what, watch it from home. And it will be a videotape of an old one. Oh, okay.