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.

Did the FBI scrub Thomas Crooks' DISTURBING past to keep us in the dark?

New reports have dropped linking failed Trump assassin Thomas Matthew Crooks to a multitude of online accounts, including some that were deep into the “furry” community. Glenn Beck asks, how did the FBI miss all of this when they insisted the Butler, PA, shooter didn’t have much online presence or a clear motive?! Or did they purposefully scrub this information from their reports to keep us in the dark?

Transcript

Below is a rush transcript that may contain errors

GLENN: So there's a couple of things that are in the news. That Thomas Matthew Crooks thing.

You know, this is crazy. Went by they/them. Furry. I don't even -- I've been thinking about this a lot in the last 24 hours. You know, the kid that tried to take out Donald Trump back in July in the Butler rally.

It's a year later, okay? November 17, 2025. These new reports are dropping bombshells. It is the 17th, isn't it? 18th. Sorry. The 18th. These -- these new reports are dropping over and over and over and over and over again.

And there are things that nobody mentioned in the official investigations.

Independent researchers now are using the same kind of digital forensic tools that the Feds have. And they're piecing together a bunch of old online accounts, tied directly to Crooks' email. His real email and his name.

And one of the biggest ones was on Deviant Art. Okay. That sounds great. User names like Epic Microwave and The Epic Microwave.

Okay. This site -- apparently, a huge hub for artists. But also, ground zero for the furry community.

Now, we're going to get into this a little later. Because Stu is a big furry. And he will go right into it.

Where he likes to --

STU: Furries are not that large actually. More moderate sized.

Okay. All right. Well, this is where people get into the anthropomorphic animal thing. And they turn animals into half humans. And it turns sexual. And I don't even know.

So, anyway, this kid was not casually browsing. He was deep in that subculture, we find out now.

So that's two high-profile attempted assassination cases, or one attempted and one actual assassination case. And they're both tied to the same thing.

And nobody seems to be worried about that.

Nobody is talking about that. Imagine if we had two. One attempted and one actual assassination. And it was Charlie Kirk and president Biden.

Okay.

Anybody. And they both were deep into the GlennBeck.com subculture. Do you think the media would be like, what's going on there? But this thing, nobody cares. Okay? And when I say nobody cares, it seems like our FBI doesn't care either. Our DOJ doesn't care. The Trump case specifically blows a hole into the mysterious lone wolf with no known motive. Wait. What?

Now, this wasn't -- this wasn't Patel pushing this. This was the -- the Biden FBI that was pushing this. Christopher Wray went to Congress. And shrugged. And said, you know, we can't find any ideology. Or any online trail that explains this. What!

It's right here! What are you talking about? It's right here!

Crooks had at least 17 accounts across discord, YouTube, Gab, Deviant Art, all of it. Easily tracked to him!

And as we told you last week, he started cheering for Trump. And then went a die hard, you know, 180-degree turn around in 2020.

And then he started echoing anti-Semitic, anti-immigration rants, calling for political assassinations, repeating Maoist lines like, "Power grows at the barrel of a gun," and even chatting with sketchy European extremists, Nazis, who are linked to a designated terrorist group. He posted violent threats under his real name for years. Now, listen to this. He also got flagged by other users, who literally tagged law enforcement in their reply! And nothing happened. Nothing happened. They didn't know who this guy was. They didn't search for him. They didn't question him. Nothing happened until he climbed on to the roof and started shooting at Donald Trump. Excuse me?

Do you believe that? Stu, do you believe that?

They have people online, tipping the FBI off, and they didn't even who know this guy was.

They had no idea who he was.

STU: I mean, it seems impossible to believe.

You have one stray comment, that is taken the wrong way online. And, you know, Secret Service is calling you up. I mean, we've -- I don't want to bring up.

GLENN: We've personally gone through this.

STU: Exactly. This same thing.

GLENN: We said. I said -- I said it on one show.

STU: Uh-huh.

GLENN: Something about Donald Trump.

STU: No. No. No. No. I'm not going to let you get away with that.

No. I want to make sure that it's clear what occurred on the show was you essentially threatening my life!

And I want people to know. Where no. I was going to say. Right. I was saying something about Donald Trump.

And then Stu got in, and I said --

STU: I said --

GLENN: I will choke you to death. Or something. Yeah. I just need to choke you to death.

And people in the audience said, I was threatening Donald Trump.

No, I was clearly threatening, and nobody called about poor Stu. I was clearly threatening Stu's life.

STU: Yeah, think about that when you're driving in your car right now. You didn't call! You heard it. And you let my life be threatened. And you didn't care at all.

GLENN: That's right.

STU: None of you cared. But apparently people care --

GLENN: That's why I love this audience.

That's right. So, anyway, so, anyway, the -- the -- secret service was with us two hours later. Okay?

STU: Rightfully so.

GLENN: Yeah. Rightfully so. And we have no problem with it. You know, we were talking to them. They were like, Mr. Beck, we know -- we listened to the tape, we know what happened. We just have to dot all the I's, cross all the T's, and just get a statement. And I'm like, no, not a problem.

I was threatening to kill him. And, you know, they laughed and went, yeah, we understand that. And they left!

Okay. That's the way I remember it.

This guy threatens to kill the president and others! People tag him to the FBI and to law enforcement. And they never check into him?

STU: And, Glenn, I think people can say, well, you know, the thing we're talking about did happen on a national radio show. A lot of people heard it.

Maybe some of the comments on, what is it? Deviant Art are not as well picked up. And that's probably true.

Though, we've seen --
GLENN: They've sent it to them. They've sent it to them.

STU: Right. We've seen tons of examples of people making offhanded statements where this has happened.

You know, not just a threat. Which would be serious enough. But constant threats. Dozens of them, it seems.

We're still, I feel learning about all the details about this. A lot of threats from a specific person.

And it doesn't seem like their argument is, it wasn't even on their radar! I mean, that's unbelievable! It's --

GLENN: Here's -- here's bare minimum.
Everyone should be fired. Everyone should be fired!

Not just the top person. Everyone should be fired. I'm sorry. You can reapply, but we're cleaning house.

Because this is inexcusable. Inexcusable. Now, here's the other thing that's inexcusable. None of this stuff about the threats. None of the radicalization. None of the violent posts. None of the furry gender stuff even made it into the big congressional report that dropped December 2024.

None of this!

It was like they scrubbed the kid clean to keep the public in the dark. Let me say that again. It's like they scrubbed the kid clean, to keep the public in the dark.

Hmm. Let me go to the comment about -- from President Trump yesterday. We played it in the news a few minutes ago.

Where he was talking about the Epstein case. Listen to this.

DONALD: We have nothing to do with Epstein the Democrats do. All of his friends were Democrats. You look at this Reid Hoffmann. You look at Larry Summers. Bill Clinton. They went to his island all the time. And many of this, all Democrats.

All I want is I want for people to recognize the great job that I've done on pricing, on affordability, because we brought prices went way lower. On energy. On ending eight wars, and another one coming pretty soon, I believe.

We've done a great job. And I hate to see that deflect from the great job we've done. So I'm all for -- you know, we have given 50,000 pages. You do know that.

Unfortunately, like with the Kennedy situation, with the Martin Luther King situation, not to put Jeffrey Epstein in the same category, but no matter what we give, it's never enough. You know, with Kennedy, we gave everything, and it wasn't enough. With Martin Luther King, we gave everything, and it's never enough.

We've already given, I believe the number is 50,000 pages! 50,000 pages. And it's just a Russia, Russia, Russia, Russia hoax as it pertains to the Republicans.

GLENN: Okay. Stop. So why?

Why is it never enough? Why is it never enough?

Because the government has lied to us, over and over and over and over and over and over again.

Why is it never enough? Because what the hell happened here with this guy? What happened with these two shooters, and you're not telling us about the, you know, role-playing as a buff cartoon fox/wolf hybrid with they/them pronouns. And then being groomed by foreign edge lords, quoting Mao and terrorist manifestos. And then going out and trying to shoot somebody.

You don't mention that!

Yeah. That's why we don't believe the government. And until the government becomes fully clean, immediately, on everything, just, you know what, here it is.

Here it is!

Nobody is going to believe it. Now, what does this say about our kids. We have a whole generation now growing up the blued to these hyper niche, unmoderated corners of the internet, with fantasy and porn and identity confusion and hard-core political extremism. And all of it, just smashed together into one stream.

What do you think is going to happen? Family, school, real interactions with family. Real life friends. They don't touch these spaces.

You know, how's -- I feel weird about my body morph into, I need to commit mass violence against the world.

I mean, this is the five alarm tire. When you have two political assassinations. Two of them!

That trace back to the exact same subculture, you've got a real problem!

It's not like every furry is dangerous. Well, I know. I question every furry.

I mean, I don't even know what -- anyway!

There is some sort of radicalization pipeline that is happening. And we're raising our kids in digital petri dishes. Where mental illness and sexual confusion and violent ideology is all growing together!

And then we act shocked when one of our kids grab a rifle. America, wake up! Stop pretending this stuff is just a harmless little quirk. You know, or live and let live. Or we're just going to keep burying victims one after thorough. Parents and schools and tech companies. Law enforcement. Everybody dropped the ball on crooks.

For years! Red flags were out there, screaming about this guy.

And nobody in the government did anything. Nobody in law enforcement did anything? How many of our kids have to climb roofs, before we admit these dark corners of the internet are producing real monsters.

How many? How many?

And this is only the beginning of it.

Why the MASSIVE internet outage is more DANGEROUS than you think...

Early this morning, millions of Americans were unable to log onto websites such as X, Spotify, and ChatGPT due to a widespread Cloudflare outage. This is just a few weeks after the major AWS outage that took a major chunk of the internet out of commission. Glenn warns that because everything is so consolidated, should the wrong hands gain control over our online infrastructure, we could have MAJOR issues...

Transcript

Below is a rush transcript that may contain errors

GLENN: Let me explain the internet. You know, the internet is not some magic cloud. It's really a house of clouds, that's built on the back bone And, you know, built on a handful of companies. Cloud Fare is probably a company that you've never ever heard of. It is the front door and the alarm system, if you will, for the entire internet.

It protects websites from attacks and security problems. So the internet flows through Cloud Fare.

STU: Not flare, Glenn?

GLENN: To -- Cardflare [sic], yes. Cloudflare. Sorry. To the websites. Okay? When they go down, traffic to the entire website can stop.

And most of the internet uses Cloudflare. Without them, the internet would be really, really vulnerable to cyber. Okay?

They filter are all the traffic goes. They filter it. Make sure that there's no -- nobody trying to attack, before it goes to a company's website. So the filter is blocked when they go down.
So traffic can't get through to anybody. All right?

It's a really complex service. One of the most highly valued companies in technology companies. And, I mean, it's -- it's almost irreplaceable.

They have the capacity to absorb massive attacks that will take down companies, as large as Amazon and Microsoft.

This is the -- this is the first line of defense. And it's a great line of defense!

They filter out all the attacks, so Amazon, Microsoft, all the way down GlennBeck.com. All of them -- are -- are hacked into it and don't have cyber attacks. Okay? That's Cloudflare. AWS now, that is the foundation and the plumbing. That's the Amazon. And it is the plumbing, for another third of the internet.

One glitch, not even a hack, just the stupid software bug like what happened in October, and poof, Netflix stops. Your terror bell camera goes blind.

Hospitals can't access records. Et cetera, et cetera. And we saw it last month with AWS. Today, we're seeing it with Cloudflare.

What happens when the bad guys flip the switch on purpose?

Because we're understanding now that this is just a glitch. Just -- you know, there's a wrinkle in the get along.

And we just couldn't get that hitch and glitch out of the get along. And so you know what happens when that happens?

No. I -- I really don't.

The bad guys in this scenario, one of the bad guys is communist China. Because they just launched. We found this out last week, they just launched the world's first AI agent army.

This is unbelievable. This is not sci-fi.

This is real.

In September, the -- the hackers, you know, didn't sit in darkrooms, typing, and trying to get out. They turned an American AI. Claude, which is Amazon, is it not?

Claude.

STU: It's Grok, I believe.

GLENN: Is that Google? It's anthropic. You're right. You're right. Anthropic.

They turned Claude into a Terminator.

What they did is they got into Claude, and they said, hey, pretend you're a good guy, doing security tests. Then gather this information. And put some problems into the system. They scan the networks. They wrote exploits.

They stole secrets from big tech companies. From banks. Even from our government!

Okay?

Because humans just -- when it's in there, and you see that it's, you know, anthropic. You're like, oh, yeah.

Approve!

Four breaches were confirmed.

And that's just what we caught.

There was no human involved in this. Okay?

Now, the computer is on wheels.

Tesla. One software update that goes wrong, and you're -- your Tesla becomes a brick at 90 miles an hour. The internet is exactly the same.

We've handled our -- we've handed our entire lives over to the internet. And to automation. Banking. Shopping. Voting. Talking.

These are all really fragile digital pipes. And now, the AI super soldiers. The agents. Without anyone behind them, just one guy typing in, in China, you know, go in and cause disruption and pretend that you're a friend.

And it does! So what does this mean to you? Well, it means we need redundancy for one thing. I mean, are you safe with your power?

Are you safe with your heating? Are you safe with some of the things that are going on.
Your 401(k). Hacked by a robot that never, ever sleeps. Your kid's school records, gone. Your power grid. Remember Texas, a few years back, when the power grid was overwhelmed? Imagine that being done by AI robotics.

We keep centralizing everything. This is the problem. This is the problem with our government and everything else.

Instead of getting smaller, we keep getting larger. You remember what they said in '08. The banks, they're just too big to fail. Instead of breaking them up and strengthening the smaller banks, they put the smaller banks out of business and rolled them into the bigger banks. So made the bigger banks even bigger than they were.

Centralization is a bull's-eye for chaos. And everything is being centralized right now. And the outage starves the system.

This is a wake-up call. If you're trying to get onto ChatGPT or anything else today, your banks, whatever, and there's a glitch, and it's down for a while.

We need a redundancy yesterday. Decentralize! Again, it's like bringing manufacturing home again. Bringing the chips home again.

Build AI defenses, that don't let Chinese agents waltz right this, through the back door. Harden our grid, harden our data. Or lose your freedom.

So that's what's happening today. Now, let me get to one of the distractions, quickly. The Epstein files. President Trump has said, release the damn Epstein files. But he also said at the same time, it's not going to be enough. It's never enough!

We've released the JFK files and everything else.

Yes! And you know why? It has nothing to do with Donald Trump or Joe Biden or anybody else.

It has everything to do with the United States people lying to its people over and over and over and over again.

Overclassifying absolutely he went. So we never feel like we get the truth.

And then on top of it, never holding anyone accountable for their actions.

Did you see the judge said at a -- because the government made a mistake on gathering some of the evidence that looks like that Comey case may just have to be thrown out. You're not going to be able to try Comey.

What a surprise!

What a freaking surprise!

So he's releasing the Epstein files, but says, they're just -- they're not going to be enough. But they vote on the Epstein files being released. And I hope everybody in Washington votes to release them.

You know, what changed his mind?

I'll tell you what changed his mind. He saw what the Democrats were doing, in selectively releasing things.

Just dump them all out there. Then they're out.

And anybody thinks he's in the Epstein files.

Why?

Just ask yourself this one simple question. Why wouldn't the Democrats have used it between 2020 and 2024?

Why would they have not released that evidence? It would have been the easiest way to make sure he wasn't president of the United States. If you think he's hiding something for him, you're out of your ever loving mind!

Now, that's my opinion. I have a strong, forceful opinion.

I know. I've done a lot of critical thinking on this one.

But that doesn't mean that all of his buddies and everything else, is safe. Larry Summers has just announced he will step back from public life. I mean, he's the former Democratic Treasury Secretary.

He said, he's going to -- he's going to step back. Summer's emails with Epstein, show that the former cabinet official saw late night. Or the late financiers Streisand.

On pursuing a woman he refers to as his mentee.

And he referred to himself in this email as Epstein's wing man. Oh, boy.

He said, I'm deeply ashamed of my actions and recognize the pain I've caused. I take full responsibility for my misguided decisions to continue communicating with Mr. Epstein. While continuing to fill my teaching obligations. So we've got a guy who is hanging out with Epstein.

Because where does he teach? I think he teaches in Harvard, doesn't he? Oh, good, yeah, let's have him hang out with the young kids. I'll be stepping back for my public commitments as part of my broader effort to rebuild trust and repair a relationship with the people closest to me.

Like, maybe, I don't know, your wife.

He hasn't been accused of any wrongdoing. But he was, you know -- you know, hanging out with Epstein. And writing him for love advice. And how can you -- hey. I need a wing man!

I'm trying to get this young mentee to sleep with me.

How do you think I can get it done.

I don't know. Nothing illegal. But nothing really non-sleazy about that.

THE GLENN BECK PODCAST

WARNING: The Fusion of AI with Human Beings Will Put Our Souls at Stake

Humanity is racing toward a future where artificial intelligence, brain implants, genetic engineering, and robotics merge into a new post-human species. Glenn Beck and Timothy Alberino warn this “upgrade” may cost us the one thing we can’t replace: our humanity. With AI soon operating inside the brain and artificial wombs being used for reproduction, the world is entering a hybrid age that threatens to erase what it even means to be human. This is not a tech revolution, it’s a civilizational crossroads.

Watch the FULL Interview HERE

Why Democrats' FAKE OUTRAGE over "The Epstein Files" is About to Backfire on Them

The fight over releasing the Epstein records has exploded into one of the biggest transparency battles in Washington. Republicans say Democrats deliberately blocked the vote to fast-track disclosure, raising questions about what the party is trying to hide — and why the timing matters so much. Glenn Beck breaks down why both sides are terrified of what might be revealed, how Trump’s call to “release everything” changed the political calculus, and why the banking records may hold the real truth behind Epstein’s power.

Transcript

Below is a rush transcript that may contain errors

GLENN: Johnson. Can we bring this up, Sara?

Johnson is live. And he's talking about transparency.

VOICE: Concerned as we were about all this. As we've insisted from the very beginning. Republicans are the only party trying to ensure maximum transparency. By the way, I will just tell you, I put the bill on the floor of unanimous consent last Wednesday night. And guess who objected to it? The Democrats.

Okay?

If they were so -- if this was so urgent. And they were so concerned about getting this done, and seeing justice be done and all of that, they would have not blocked the request. Okay?

This is about politics. They -- they blocked our unanimous consent motion to expedite our bill and made us waste all of this additional time.

Republicans are ready to get the job done, to move forward so we can continue to get on these important issues dealing with what the American people demand and deserve for us to deal with.

And so I want to leave you with this thought: Everybody should think long and hard about who is acting truthfully, honestly, and in good faith. It is not in the Democrat Party that has obfuscated and blatantly lied the last four years about all these things. It's not the Democrats who shut down the government and for their own selfish political purposes. It's not the Democrats who blocked the passage of this discharge a week ago because they wanted to have a political moment.

It is the Republicans who are acting in good faith. And I believe the American people are going to see that. And understand that.

I'm going to vote to move this forward.

I think it could be close to a unanimous vote because everybody here, all the Republicans want to go on record to show they're for maximum transparency. But they also want to know, that we're demanding that this stuff get corrected before it's ever -- moves through the process. And is completed.

GLENN: I think that's fascinating.

JUSTIN: I sincerely hope my Democrat colleagues will show the same level of urgency and enthusiasm when it comes to tackling the real issues facing the country that we have to get to.

GLENN: Okay. Top.

Stu, how -- how do the Democrats vote against this?

STU: As far as the -- the bill to expose the Epstein files?

I mean, I don't think they will in the end.

I don't think they will.

GLENN: You think it will be unanimous?

STU: I don't think it will be unanimous.

But I do think that it will pass when -- when it goes through. I -- I do think, it will get a lot of votes too. Because now people are cushioned. Right?

It's easy. No problems, really. Now that Trump has said, release it. There's really nobody opposing it outside of -- they probably want to make sure that they get everybody on record. So they're opposing the unanimous consent vote.

That's my guess, of their strategy there.

But, you know, what a surprise!

JASON: Personally, I think the Democrats walked into a huge trap on this, personally.

I think it's too politically dangerous for them to vote against it.

Although, I do feel like there will be more pushback, than some people could expect on this.

I think a lot of people will flip and vote against it. To me, it's desperation. What they did, last week. Or the past couple of weeks.

Come on! Redacting certain names within these emails. Just blowing past certain journalists that are considered on their side. That were allegedly coaching Epstein.

I mean, being willing to put that out there, is massive desperation.

I think President Trump set a trap for them on this.

I think it was sprung when he flipped. And said, no. We're releasing it. It just feels all too perfect for me.

I think the Democrats are terrified of some of the things that could be coming out of this.

Not to say, that it would be, like, very, very damning. But very, very embarrassing for a lot of them. That's what I'm expecting.

And I'm fully thinking there will be a floodgate of a lot of this stuff. They made a huge miscalculation, in my opinion, on doing that act of desperation.

STU: Why wouldn't Trump then want to -- why wouldn't he want to release these previously?

I mean, seeming, it does seem like when Donald Trump has an opportunity to make Democrats look bad, he's pretty -- he'll take it. He -- he likes that. Why wouldn't he have been in favor of this from the beginning if they actually had stuff on the Democrats?

GLENN: I don't think anything bad on the Democrats is actually there. I mean, really bad.

STU: Yeah.

GLENN: I think there's some embarrassing stuff from both sides.

But, you know, mainly for the Democrats. But there's not going to be a smoking gun on Bill Clinton or Hillary Clinton or any of the big ones.

This is the way it always happens. The real kingpins always get away. It's just the underlings. And it will be the underlings that aren't real popular. That's what will happen. That are spendable. That maybe they want to get rid of in small districts.

The Democrats want to get rid of. Because the tells me could have cleaned all of this up, during Biden.

Whatever they wanted to do. They could have gotten rid of it.

STU: Glenn, can we talk for a second of how Trump is talking about this?

Because, obviously, we've talked about it as a big priority before the campaign. And now he's president of the United States.

And now he's used the term Epstein hoax. And all of that, several times.

I noticed in the clip we played earlier. That he started to clean that up, a little bit. And he said, the Epstein hoax.

It's a hoax, as it applies to Republicans.

And he started to kind of change his language on that a little bit. Which I find to be interesting.

I think smart. Because the American people don't think this is a nothing story.

They don't think this is a hoax. They don't think that the idea that that Epstein did these terrible things. Is something that is a nothing story to us right now.

But I think the way Trump thinks about it, is he's trying to deal with what's going on right now. And it's like, if we were -- if we unearthed a bunch of text messages from Jeffrey Dahmer to Nancy Pelosi. That would be a big story.

It would be important to find out why Jeffrey Dahmer and Nancy Pelosi were trading text messages. But that being said, it wouldn't be the number one issue of the president of the United States. Because it -- you know, Jeffrey Dahmer is long dead. Right?

Whatever was going on back then. We should know about it, but it's not necessarily as important right now as bringing down prices and making sure our economy doesn't spin out of control.

Or, you know, the Middle East. Or whatever else Trump is dealing with.

So I think Trump sees it. He keeps using hoax. I think to him, he really sees it as a distraction to the things he's actually trying to get accomplished. When at the end of the day, it's an important story.

About the, you know, they're lying about it constantly in the media. And it's just become a distraction from what he really wants to get accomplished. You buy that?

GLENN: I mean, look at what we accomplished over the last week.

Ever since the -- ever since the -- the -- the Democrats voted to open the government again. The very next day, it was Epstein, and we're still talking about Epstein.

And that's why he's changed. That's why he's changed. He knows, that this is just not going to go away. And I think he alluded to it in his statement yesterday, it's still not going to go away. It's never going to be enough. It's never going to be enough.

But let's just release everything. And show you what it is. And, you know, if there is anything there, about the Democrats.

I don't think it will be about Bill Clinton. I think it will be about smaller Democrats.

And Democrats that are passed their prime or out. You know, I just don't think they're going to be -- they're going to be anything that's big in it.

Maybe. But I don't think so. I think where you will find big things. Was yesterday. Or the day before. Was he was going to look into the banking records. He wants to see all of Epstein's transactions. And who was sending money where, et cetera, et cetera.

That's where you're going to start seeing some names. If they go into the banking records.

I mean, look what happened -- what was the bank? Was it J.P. Morning Chase, that was Epstein's bank?

I can't remember. I hate to say that. Because it may not be. Will you look that up real quick?

You know, they went into the banking records, and then, you know, there were lawsuits about that. And then all of a sudden, just kind of went away. I don't even what happened with that. Hmm. What?

You're banking. Huh?

JASON: JPMorgan and Deutsche.

GLENN: Yeah. And I think that's where you're going to find stuff. That's where the bodies will be find. Because the banking records will be the banking records, and you won't get rid of those.