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.

This AI could change EVERYTHING by next year

With Elon Musk’s announcement of Grok 4, humanity is closer than ever before to creating AGI – artificial general intelligence – which would change everything. Glenn Beck breaks down what’s coming in the next year with AI, which even Elon Musk called “terrifying.”

Transcript

Below is a rush transcript that may contain errors

GLENN: Let me tell you the biggest story of the day.

And I think it is the biggest story possibly of all mankind, as of today.

It's going to change rapidly.

I don't know if anybody -- did either of you guys watch the Elon Musk thing last night?

STU: No, I did watch a few minutes of it.

GLENN: Okay. Did you, Jason?

JASON: No. I sure didn't.

GLENN: Okay. So the xAI team was there to unveil Grok 4. This is the latest intelligence, and let me be very, very clear.

Last night was not your typical tech launch. This is a moment that demands everyone's full attention.

We are now at the crossroads, where promise and peril are going to collide. Okay?

I have explained to you, for years, AGI.
AI. AGI. And ASI. Narrow intelligence is what we've always had.

General intelligence is the next step. And that is, it's better that man, one -- one, you know, like Grok. Can do everything. That you can do.

Better that you can do.

Okay?

And then there's super intelligence. ASI.

Artificial super intelligence.

That's when things get really, really creepy.

When you hit AGI, the road to ASI could be overnight.

Okay?

We need to understand what's at stake here. Because Grok four brought us closer to that second stage, than ever before.

Grok four is a powerhouse. They demonstrated it last night.

It surpasses the expertise of Ph.D.-level sailors in all fields.

It can get 100 percent on any -- any test for any field, mathematics, physics. Engineering.

You name it.

This is not a search engine.

This is a system that tackles problems, so intricate, they -- they go beyond our existing knowledge base.

Okay?

Let's say there is -- let's say, we have a fusion reactor. And the magnetic containment system goes down. I don't even know what I'm talking about at this point.

But it goes down.

And the top minds all on earth are like, I don't know what to do. Grok 4 can step in, model the physics, design new material, stabilize the system, and avert catastrophe. And it can do it about that fast. Now, this is the capability, that Musk says is just around the corner.

Mark my words. You know, how many -- how many years did I say, between 2027 and 2030, we would start to see this?

STU: Oh, a million times.

That was always --

GLENN: For years. Right? Yeah, always the window.

And everybody, even Ray Kurzweil said, oh, that's way too optimistic. We may be 2050.

And then people started going, 2040, 2030.

Grok shows us 2026 or 2027 is when we're going to hit it. This is the last year, that we have, before things get really weird.

Okay?

Last night, Elon Musk is touting this -- this AI.

And all of the solutions.

And then he says.

Hmm. Probably three times.

Something like this.

And I'm quoting. This is one of them.

It's somewhat unnerving to have created intelligence that's greater than our own.

He then goes on to call it terrifying, twice.

Now, this is a man who has launched rockets, you know, into orbit.

Going to Mars.

And he says, twice!

You know, after he sees the results of it. He says, you know, it's really -- in a way, quite terrifying to see what it's doing.

But we just have to make sure that it remains good!

Oh, okay.

All right. Sure.

Now, the key point in the announcement was the mention of ARC-AGI.

I had never heard of ARC-AGI. I had no idea what it was. But I noticed AGI. And I went, uh-oh. That sounds important. So this is the gold standard. The bench mark testing for artificial general intelligence.

Okay.

As I've said before, AGI. Artificial General Intelligence is a machine that matches all human cognition, across all domains.

Reasoning, creativity.

Problem solving. Not just specialized tasks like playing Go or analyzing x-rays. Everything. For instance, Musk said by mid-next year to the latest end of next year, it will be able to create a full length movie, just from a text prompt.
And do it all at once!

So, in other words, it will say, create a movie, and you just explain the Godfather.

It will do the casting. It will do the writing. It will do the filming, if you will. It will -- score the music, and it will happen that fast.

Almost in realtime. We are nowhere near the computational power now, to do that separately.

But this will do it all at once. It will make a movie with all of it, simultaneously.

So the arc AGI system is the benchmark on how close we are to AGI. Remember, scary things happen at AGI.

Terrifying things happen at ASI. ASI could be a matter of hours, or days after we hit AGI.

Grok 4 scored 16.2 percent on the ARC-AGI scale.

Why is that important? You're like, well, only 16 percent away.

Because last time, it barely broke 8 percent.

And that -- they took that test, last time with Grok three.

And it took us forever to get to 8 percent.

Now, what is it? A year later.

We're at 16 percent. Remember, these things are not linear. The next time, we could be at 32, we might be at 64.

We are on the verge. This is the last year of -- I can't believe I'm saying this. Of normalcy. Okay?

This year is -- we're going to look back at this year, probably two years ago, gosh, remember the good old days, when everything was normal.

And you could understand everything.

This is how close we are!

Everything you and I talked about last night, Stu, about what we're doing in January, make -- put -- does it make it even more critical that that happens like, oh, I don't know.

Right now.

STU: Yeah. For sure.

GLENN: You are going to need to know your values, your ethics, your rights.

You are going to need to know absolutely everything.

Now, Grok 4 is not true AGI yet.

It lacks the full autonomy and the generalized reasoning of a human mind. But it is the closest that we've come.

It's a system that can adapt, innovate, at a level that outpaces specialized AIs by a wide margin.

This is a milestone. This is not a destination, but it's something that should jolt everybody awake. So here's what's coming over the next six months. By December 2025, that's this Christmas!

December 2025, he believes, Musk, that Grok 4, will drive breakthroughs in material sciences.

So, in other words, imagine a new -- brand-new alloy, that is lighter than aluminum. Stronger than steel.

And it revolutionizes aerospace and everything else, or a drug that halts Alzheimer's progression, tailored to a person's DNA.

Grok will drive breakthroughs through material science. So brand-new materials that nobody has ever thought of.

Pharmaceuticals that we never thought could be made.

And chemical engineering, putting together chemicals that no man has ever thought.

That's going for happen by December.

Imagine a chemical compound that makes carbon capture, economically viable. The climate change stuff, that's over.

It will be over.

Because this will solve that! These are not fantasies.

This is Grok 4.

Musk said something that he never thought. He believes that within the next year, by 2027, Grok 4 will uncover new physical laws.

So that will rewrite the understanding -- our understanding of the entire universe.

That there will come -- like there's gravity. Hey, you know what, there's another law here that you never thought of. Wait. What?

That, he says, will come by 2027. This is going to accelerate human discovery, at an unprecedented scale.

I told you, at some point. I said, by 2030. It might be a little earlier than that.

Things will be happening at such a fast rate, you won't be able to keep up with them.

And it will accelerate to the point to where you won't even understand what all of this means.

Or what the ramifications are!

Are you there yet?

In six months, Grok 4 could evolve into a system, that dwarfs human expertise in economics, defense, all of it.

Now, again, it's a bit terrifying to quote Elon Musk. Why?

Because we don't know, what else comes with this.

This is like an alien life form.

We have no idea, what to predict. What it will be capable of.

How it will view us, when we are ants, to its intellect.

Okay?

It is a tool, but it is also Pandora's box.

If Grok 4 is the biggest step towards AGI.

And maybe one of the last steps to AGI.

My feeling is: What I've been saying forever.

2027 to 2030, I'm leaning more toward the 2027 now.

Because of this announcement last night.

We are on the verge of AGI.

And everything in human existence changing overnight.

And as Musk said himself, two times, it's terrifying!

We should act like it is terrifying.

Or risk losing the control of the future, that we're all trying to build. That's the biggest story of the day.

I think! In my opinion.

Bill O'Reilly reveals how Trump can END Epstein files nightmare overnight!

Bill O'Reilly joins Glenn Beck with his plan for how the Trump administration can fix the Epstein Files fallout "overnight." Plus, he explains why he believes there's only one way that former FBI Director James Comey and former CIA Director John Brennan get indicted by a grand jury.

Transcript

Below is a rush transcript that may contain errors

GLENN: All right. Bill O'Reilly.

Welcome to the program, sir! How are you?

BILL: Welcome. (inaudible)

And right off the bat, I have to correct you.

GLENN: Yeah. You're not alive. What know.

BILL: I mean, you know -- you don't know that?

GLENN: Yeah, yeah. No. I -- I thought you were dead. Anyway --

BILL: You were dead to me, oh!
(laughter)
I --

GLENN: I get it.

BILL: That's just another brick in your wall, Beck.
(laughter)

GLENN: It's good to talk to you, Bill.

Tell me -- you had a conversation with -- with President Trump, what, a couple of months ago, and I talked about --

BILL: Yeah. St. Patrick's Day, he invited me to sit on a cabinet meeting, which he does sometimes.

And he said, look, we've got files, Kennedy, King, Epstein -- what do you think? And I said, well, first Kennedy you've got to put out pretty much everything, which he did. King, he didn't. I don't know why. Because that's important too.

And then on Epstein I said, you have to be careful here, because this is now being used in political precincts. Both sides want to destroy anybody that was associated with Epstein. And the problem is that a federal investigation. They don't make a determination whether you had a -- what kind of relationship you had with Epstein. They just said, so-and-so had lunch with him.

Or maybe so-and-so had -- saw him at a party. And I said, any name of a human being associated with Epstein, in any way, that person is going to be destroyed. Because you know, the press is not going to put anything into context.

So I said, but it's very important that the Justice Department tell the folks what they know.

And you don't have to get specific with anything.

But you have to say, this is the information that we've compiled. And that's not hard.

And I don't know why the Trump administration is not doing that.

GLENN: Wow!

So, first of all, it's your fault, that we're not getting any names. We learned a lot here.

BILL: Probably my fault, but the president --

GLENN: You know what, I think you're right. I don't want all the names of the people. I want to know --

BILL: And I don't either.

GLENN: Right! I want to know the Justice Department has sorted through the things, and then have gone through. And said, this is criminal. This is not. These people are being indicted, et cetera, et cetera. But to come out and say, there is nothing there, I mean, it's -- it's at least --

BILL: It's ridiculous.

GLENN: It's mass incompetence, at least from Pam Bondi. How could she come out and say, it's all sitting on my desk?

And then when she doesn't release it, she says, well, that's because the FBI in New York is thwarting this process. There are people up there, that are trying to keep this from me.

And then she makes no arrests on that. We never hear about that again.

And then now all of a sudden, there's nothing to see.

BILL: Well, listen, Pam Bondi does not make decisions on her own.

No cabinet member does.

All the decisions come out of the West Wing.

So what I believed happened was, Trump was so obsessed with the big bill, with Iran, with Putin, with China.

That this -- they didn't even think about this. Okay?

GLENN: I believe that.

BILL: And it slowly began to unravel. And then I caught it by surprise.

But this is the easiest fix. Somewhere so easy.

BILL: So if I'm in charge, and that would be a great thing for everyone, except you, Beck -- but every other American, if I were in charge, tremendous. You would be in Botswana. Right.

GLENN: Right. Oh, I know.

Yeah. Yeah. I would be the ambassador of the white farmers in -- in South Africa if it were up to you. I know. I know.

BILL: No. You would be wandering around going, I am Glenn Beck. And they would go, who? That's what you'd be doing.

GLENN: That's every day.

BILL: So this could happen within the hour. Pam Bondi announces a press conference for tomorrow.

At that press conference, sitting next to her, is Merrick Garland, everyone.

You had this stuff for four years! Now, I understand that Mr. Garland has gone native and is living in a -- well, we can find him. We can pull him out of there, and have him and Pam, sit there and answer questions in a general way about what evidence the Justice Department of the United States has compiled.

GLENN: Not going to happen.

BILL: That's it!

Well, if it's not going to happen, then President Trump is going to take a hit.

But he's calculating that this will say that it's that night important.

But I don't know why you would not do it.

I just don't know. And I'm usually pretty good at predicting what the president does or does not do.

GLENN: So here's the thing, Bill.

I think he keeps focusing on Epstein. It's not that big of a deal.

It's not about Epstein. It's about justice.

It's about, can we trust the people -- correct!

It's all about credibility and justice.

And he's not seeing that. And I don't know how he's missing that. Because I agree with you.

He's been so busy on so many other things.

BILL: That's right. That's right.

GLENN: This is not at the top of his priority list.

But he did campaign on it.

BILL: Right.

And I don't know if there's anybody inside the White House.

He looks to be annoyed, when this subject comes up.

GLENN: Oh, I know.

BILL: And here's the -- what works -- you have to understand.

A guy like Donald Trump runs it all.

If he's annoyed, nobody will want to annoy him more. Okay?

GLENN: Oh, I know.

BILL: That's how it works. The older arch is, because Epstein got favorable treatment.

By the feds, in the first go around in Florida, that there's a deep suspicion about this case.

But if you break it down, if the Biden administration had any dirt on any Republican associated with Epstein. It would have been out.

And vice-versa.

If the Republicans had any dirt on any Democrats. Now, we know that former president Clinton, was involved with Epstein to some extent.

I don't know if that was a factor, okay? I don't know.

But your right for once. You're right. It's about credibility. It's about the American people trusting that we do have equal justice for all!

So what do you -- what do you make of now the Russia gate thing, coming out, today. Or yesterday.

The FISA court.

The fact that they're now saying, hey.

You know, we need to hold Brennan accountable.

We're like five or six days away.

Weeks away from him, you know, slipping past the -- the statute of limitations.

I mean, all these things are out today.

There's that. There is also the -- let's see here.

The Secret Service -- I think this happened a year ago.

But it's being reported as if it's news.

Secret Service suspends six agents assigned to protect Trump during a Butler assassination attempt. I mean, all these things are coming out. Like, look, we're busy on all these things. And I do believe they're busy on these things.

But it's like the Keystone Cops are in charge of the PR on this. It's bad.

BILL: Well, there's a lot of politics involved in both of those cases. Number one, in order to get Comey and Brennan to get indicted by a grand jury. Federal grand jury, and that's the only passage, you would have to have a whistle-blower, saying, yeah, these guys abused their power. I worked for them. And they absolutely wanted to get Trump.

And they knew the Russia dossier was phony.

And they did it anyway.

If I have that Justice Department.

Then you can get those guys.

If you don't have it, they will not be even indicted by a grand jury.

GLENN: So how is it that we do not have that Justice Department?

How do we not have that Justice Department?

BILL: Well, look. I don't know whether they have a whistle-blower or not, okay?

And if they have a whistle-blower, I want the case to go forward.

I want those two men indicted.

You can't do that, at that level.

As far as the Secret Service is concerned, monumental screw up. Everybody knows it. They fired the morons in charge of it. That woman -- I was embarrassed listening to her, trying to explain.

They didn't know what the deuce was going on. But this was across-the-board, in the Biden administration.

You know, it was a year ago Sunday, this upcoming Sunday.

GLENN: Right.

BILL: And it's just another example of how the Biden administration was the second worst administration in the history of this country. People have no idea how bad it was.

Every single agency was chaotic. Nothing worked. And this is just part of that. And we'll have a slew of stuff on Sunday. Nothing really meaningful.

I mean, they suspended the Secret Service agents, as they should have. They fired the director as they should have. The guy was a nut.

I don't know if there was anything more to that. I doubt it.

I'm more interested in the guy in the bushes. Because they don't know anything about him. I would like to know a little bit about him.

But again, the federal government, it doesn't really matter. It's the government. They never want to tell us stuff, Beck, never.

We always have to pull it out of them. It's almost like Russia or something. Come on!

GLENN: Right. Yeah. Let me ask you, let me take you back again to the Epstein thing.

I noticed yesterday, there were these people who were on the left. Who were taking tweets of mine. That say, look. These things don't make sense. On the Epstein thing. And they just have to be answered. And not anti-Trump at all.

And yet, the anti-Trump people were retweeting that, and they're trying to -- they're trying to get the right to fight against itself again and split people away from Donald Trump, where I don't think this Epstein thing is -- is splitting people from Donald Trump, at least at this point.

And I -- you know, I -- my wife stopped me from answering some of those tweets, yesterday.

Because it's never good, when you -- when I tweet in anger. Which I did.

But -- or was going to. What did you think about how this is being used against the right to try to separate us even more?

BILL: Everything is political. Everybody knows that for you.

But the MAGA people, from the mail I get. And I get a voluminous amount of mail. They're not happy.

GLENN: Oh, I agree. I'm not happy.

BILL: Now, are they going to throw President Trump under the cliché-ridden bus? No. Because to them, the greater good is being served by a fair tax bill.

Trying to cut waste.

Dealing with Iran effectively. And hopefully dealing with Putin.

That's another thing, that's on Trump's plate.

He has to deal with Putin now.

Has to. And that will be the next big story.

GLENN: How is he going to deal with it?

BILL: Lavrov and Rubio, are in Indonesia, as we speak.

And I assume that Rubio is delivering a message. That you either stop, or we're going to just absolutely crush you economically. Which the United States can do. By saying. No bank does business with Moscow.

And if you do business, no matter what bank you are, we're going to put you out of business.

Okay?

GLENN: Yeah. I've only got a couple of seconds. But didn't we already do that under Biden?

BILL: No! We didn't do the banks. We did the sanctions. And the sanctions they can always get around, because China is going to buy as much oil from Russia as possible.

You stop the banks, from doing all business with Moscow? Who is going --

GLENN: Isn't that what the SWIFT thing was all about?

When we kicked them off of SWIFT, wasn't that what that was all about?

BILL: No! Because they can still do a huge business with countries buying their oil.

And they got to pay Putin and Russia for the oil, and that has to go through the banking system.

If you stop the banking system, he can't get paid.

GLENN: Hmm, it's amazing. I'm glad I'm not the president right now. I think he's made some very brave decisions, and he is walking a tightrope. I mean, the world is on edge. And I pray for --

BILL: He looks very tired to me. Very tired. I haven't talked to him in a while, which is unusual. But you're right. You're absolutely right. That's the second time you've been right in this conversation. My God!

GLENN: I know. It's crazy.

BILL: What in the world.

GLENN: I was wrong about you being dead.

BILL: What is happening?

GLENN: It's good -- it's good to talk to you, my friend. Is everything okay? Is everything going well?

BILL: Everything is all right, Beck. We are not only successful, but that's old news. We've been that way for 50 years, but I appreciate you having me on your fine program.

GLENN: Okay. I love you.

BILL: Stu is still breathing.

GLENN: Hmm.

BILL: So that's good. Right.

But I've got a big book called Confronting Evil. Of course, we sent it, and of course you denied getting it. That comes out September 9th, so put me on a dance card.

GLENN: Well, we'll have you on. And you can also find Bill and his YouTube page. YouTube.com/BillOReilly. Or is it The Walking Dead?
(laughter)
He's not even laughing. Maybe he hung up. Bill O'Reilly, great to have him on.

FLASHBACK: Kash Patel says FBI Director has Epstein's "Black Book!"

During a 2023 interview with Glenn Beck, now-FBI Director Kash Patel adamantly proclaims that the FBI and specifically the FBI Director is in direct control of Jeffrey Epstein's "Black Book" of clients. So now given the most recent claims by Patel and DOJ Attorney General Pam Bondi, what has changed from his perspective since taking this role? What do YOU think is the explanation for this change in tune by Kash Patel?

Watch Glenn Beck's Extended Interview with Kash Patel from 2023 HERE

THE GLENN BECK PODCAST

Are Epstein's "Blackmail Videos" Being Used for Leverage RIGHT NOW?

What was Jeffrey Epstein's operation all about. If he was at the center of a massive blackmail operation to compromise those in positions of power, who is in possession of that information now? Glenn Beck and ATF Whistleblower John Dodson analyze the details of this situation and give their thoughts on what is the most likely reality surrounding Epstein.

Watch Glenn Beck's FULL Interview with ATF Whistleblower John Dodson HERE