'INSANE': The Fed is TRYING TO HIDE this from you
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'INSANE': The Fed is TRYING TO HIDE this from you

The Federal Reserve and U.S. Treasury recently made a big change to their banking rules: Big banks will now be forced to use the Fed's discount window (which was previously only used as a last resort by struggling banks) at least once a year. The Fed tried to argue that the last economic crisis was spurred by banks that didn't know how to use the window — so this new rule will act as a fire drill. But former investment banker Carol Roth sees through their "absolutely insane" spin. Carol joins Glenn to explain what's really going on here: The Fed wants to hide from YOU which banks are in trouble and grab even more control over the market. But Carol also brings some good news: This audience recently helped accomplish two "massive" wins in the fight against ESG.

Transcript

Below is a rush transcript that may contain errors

GLENN: We have Carol Roth on with us.

Hello, Carol. How are you?

I can't hear, Carol. There you go.

CAROL: Oh, great. I was saying, what a better way to start with the week than with you and your fabulous community. So off to a fantastic start.

GLENN: So let me give some good news to this fantastic audience. Big news from Florida.

The law that we spoke about, the last time that Justin Haskins was in town, in Dallas, we were talking to a Florida representative. It is working.

More than 100 Florida banks, including some huge nationally chartered banks, have just signed an agreement with the state, that they will not incriminate on the basis of customer's political views.

This is one of the main reasons why we wanted this in the first place. You can see the legislation. I'm going to tweet it out here in just a minute or so.

The legislation behind this. Is the same that we've been promoting since The Great Reset book was released in January of 2022.

Same legislation that lawmakers learned about when they came to the summit. That we hosted at Mercury One in Dallas.

And it's the same one that I talked about when I was on the stage, at the pro-family legislation conference, in November of 2023.

This is a massive, massive win.

Donald Trump has also formerly committed on the campaign trail, of stopping banks from discriminating on the basis of politics.

The whole point of the bill that we were pushing in -- in Florida.

If other states pass bills like the one in Florida, we will win and destroy ESG.

We're getting an update. Hopefully, we will have one at the end of the show, on how many states are taking this up.

Florida, again, is leading the way. Donald Trump, says, he is right with this.

We need your state. To follow Florida's lead. The banks are jumping off. And they are actually signing promises, that they will not consider your politics. When looking at loans or anything else.

That is huge, Carol. Huge.

CAROL: That is huge. And I want to point out, Glenn. This is the second grassroots win, that we heard about, within the last seven days.

And I am so proud of you and everyone in your audience, who has been saying, I'm not sure that I can make a difference, but, you know, I'm going to try. I'm going to write a letter. I'm going to send some comments in, whether it's to my state representative or governor or to whoever it is. We're seeing that when enough people stand up, they can make a difference. And that should inspire and fire everybody else up, to continue this. Because it is working.

And so I -- by the way, I have to say -- participated in some good news on the program.

GLENN: I know. I know. I know. That will end soon. Your mood won't improve much.

But I do want to point out, what you just said. Talk about what happened last week, that was another massive win.

And it started with this audience.

CAROL: It 100 percent started with this audience. And it started with you, and Marlo Oaks, the Treasurer out of Utah, who brought to our attention these natural asset companies. And the fact that the New York Stock Exchange had gone to the NCC, and said, we want to list them. We want to list these companies who can control and manage natural resources.

And we said, no. This isn't going to happen.

And so you brought this to everyone's attention.

We came up with a template.

People from this audience. Hundreds of people from this audience came, emailed me personally for that template.

Sent it in.

And there was so much pressure. That the FCC didn't even get to rule. The New York Stock Exchange withdrew the role because of the pressure from patriots, from this audience.

It was an absolutely huge victory. So now we've got this -- we've got the ESG. We have the nondiscrimination.

We have momentum. So certainly, lots more work to being done.

But everybody should take that moment, to take a victory lap. It doesn't mean you have a party for the rest of the year.

But for a quick moment to say, I made a difference. If I participated. And you didn't do it the last time around, next time around, do it the next time.

Because the more people who do it, the more of a chance, we have to make that difference.

GLENN: So we will get into why this is so critical, that you understand the power that you have.

And really, know it. It's critical.

Make sure you're listening next hour. Because I will show you massive moves now being made, on silencing voices like ours, to alert people like you.

So you may have to be the replacement vote. Voice.

To currently others.

It is the digital ghettos are being made, right now.

And they're going to start putting people behind those walls, soon.

Okay. So, Carol. Let me explain the discount window. And see if I have it right.

Discount window, at the fed.

Think of a bunch of windows, at a bank. Where you walk up to a window.

The discount window is where banks, if they walked into the fed.

Which is the bank of banks.

So all those windows.

There are bankers at that window.

No people like you. And the discount window was the kind of shameful window at the end, that everyone could see.

And you could walk up to the discount window if your bank was if trouble.

And say with, I need to borrow some more money. I need it here.

Because we're getting dicey on the books. And all the bankers can look and see who is in line with that discount window.

And they say, bank of Georgia is in real trouble.

So it was shameful. And nobody wanted to go up to that discount window.

After 2008, they took all that shame away. And now you can walk up and go, yeah, man, right!

Are we all in trouble. You bet?

Can you give me some more money. Do I have that right?

CAROL: Pretty similar.

It's unfortunate.

Because the discount window does sound like a place at Nordstrom, where you maybe get a discount on some goods, right?

But you said, it is sort of -- has a stigma attached to it. Because within the banking system, within the plumbing, as you noted.

Banks lend to each other on a regular basis.

And if you're in good shape, you may go. And if you have a liquidity need, overnight or for short-term, you may go to another bank, and you may get a loan.

And that's actually what the fed funds rate sets that target rate of lending at, that we hear.

We hear, we will go up 50 basis points. We will go down. That set interbank lending rate.

The discount window, as you mentioned is at the fed. Funny enough, it's not even at a discount. It's actually at a premium to the fed's fund rate. Because banks who can't get the money elsewhere, have to go to the fed. We've heard the name -- the phrase, the fed is the lender of last resort.

And that's if you're in line at that discount window. It's because you've got nowhere else to go in order to get that money for your liquidity.

GLENN: Correct.

CAROL: So while that information isn't reported, usually on a case-by-case basis. For about two years.

You don't know specifically.

There's enough details that participants in the market can infer who is going to those windows.

And then also, it's a very important market signal.

Because in the aggregate.

If we're seeing a lot of loans being taken down, via the discount window.

Which is reported on a regular basis.

We can infer there is trouble in the banking system. So like we did last March, when there was a banking crisis, we saw this huge spike in discount window usage. So I think that that kind of pieces this all together.

GLENN: Okay. So now what has the fed done?

CAROL: So there is a new rule that is being worked on. This had been rumored to be happening for a long time.

And now it's finally come out. It's between the fed, the treasury. And the -- I believe it's the FDIC. And they are planning to say, well, because there's so much -- well, actually, they're not saying -- I'm getting ahead of myself.

They're basically saying, they will introduce a new rule. That if you are a bank over a certain size. I think that $100 billion is the assumed cut-off point. That we're going to force you, to use the fed discount window, every year on whether you need a loan.

Whether you don't need a loan. Whether you can borrow for another bank.

It doesn't matter. And they will make sure you do it.

And the reason is, they think you're so stupid.

They say, well, the reason why we had this crisis in March.

Wasn't because we had all of these underwater, you know, securities on bank balance sheets.

No, no, no. That wasn't the issue.

It was because they couldn't figure out how to use the discount window.

So this will be like a dress rehearsal, or a fire drill. So if you do it on a regular basis, now you know. And we can avoid the other crisis.

Which is absolutely insane. And if you believe that, I have a bridge to sell you.

GLENN: That is like, that is like cops saying, yeah. Well, we -- we have to fire our guns. You know, at people. Once in a while, because otherwise, if something happens, we won't know how to fire guns at people.

I mean, that's crazy.

Of course they know how to use it. That's their job to learn how to use it.

It seems to me, they are forcing these banks to do it. So we don't know who is in trouble anymore.

CAROL: Bingo. So there's this great newsletter called FX Hedge.

And they brought this out into the open, and sort of surmised the different reasons why this is happening.

And I'll add my own flavor into it. But like I said, the obvious reason, is that they're trying to obfuscate the information. The signal. They're trying to hide what's about to go in the banking system. So that's the clear reason. The only reason why you would force everybody to do it. Because, of course, if you're part of the fed system, you will know how to use the discount window. Big, huge banks, and they can't figure out how to use the discount window. It's absolutely insane. But it's also kind of -- if you go down the line, they must think there is some reason for them to hide this information. Which is the various issues and weakness which we have known for a while, remains in the banking system.

On top of that, this FX Hedge newsletter, also talked about the idea of consolidation. Something that you and I have spoke about, a lot within the banking system and centralization. That if the banks are no longer lending it to each other, and they are now relying on the fed, this is shifting the banking system away from, you know, more of a quasi-free market. To more fed-controlled system.

Which we know is something that we've been concerned about with CBDC. And, you know, the fourth reason could be these liquidity issues that we're seeing in the Treasury market, and the need for the fed to find ways to increase its balance sheet without calling it QE.

So lots of possible different reasons. But certainly, that first hallmark reason. That they're trying to hide information, and issues.

Within the banking system. Is just -- it's not only a head scratcher. But it's a red neon sign.

4 MAJOR Cover-Ups EXPOSED In the Latest Jan. 6 Report
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4 MAJOR Cover-Ups EXPOSED In the Latest Jan. 6 Report

The House Administration Oversight Subcommittee has released its second and final report on its investigation into the House January 6 Committee – and it reveals A LOT. The subcommittee’s chairman, Rep. Barry Loudermilk, joins Glenn to review some of the highlights. Rep. Loudermilk explains why he recommended a criminal investigation into former Rep. Liz Cheney, what crucial information the Jan. 6 Committee left out of its report, and what the government did to cover up “tremendous failures.” He also details why he’s certain the FBI lied about being unable to access phone data that could reveal the identity of the pipe bomber and why the FBI “spent no time looking into who constructed the gallows” that mysteriously appeared at the riot.

Biden FLOODED the Government With DEI, But Trump Has ONE Way to Win
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Biden FLOODED the Government With DEI, But Trump Has ONE Way to Win

With just weeks left in office, President Biden (or whoever’s actually calling the shots) has decided to hire 1,200 DEI officials. Is this part of a plot to undermine Donald Trump’s plans and make it harder for him to rid the government of woke Deep State bureaucrats? Glenn and fellow BlazeTV host ‪@lizwheeler‬ discuss how other Democrats have recently proposed things like this, including a UK-style “shadow cabinet” that would oppose Trump. Liz also gives her advice to Trump on how to deal with these new DEI officials, who will be paid hundreds of thousands of taxpayer dollars to focus on things like “health equity” …

Transcript

Below is a rush transcript that may contain errors

GLENN: Okay. Where were we, Liz?

LIZ: The Biden administration. Although, not Biden. Because he can't tell the difference between a nickel and a dime, trying to sabotage the Trump administration.

GLENN: Yeah. So the latest on this is now Biden is hiring 1200. Biden is not doing it.

But he's hiring 1200 DEI officials, and putting them just under the appointed official. So there will be 1200.

Some of these people make almost $400,000 a year. $400,000 a year! That's your tax dollar!

Will you -- in your -- in your life, your average person, I don't know if you'll ever even -- if you'll ever even pay $400,000 in taxes?

So you could be working your whole life, for that one hire.

And he's hired 1200 of them.

And all he's trying to do is make sure the DEI positions just can't get cut.

I've got news for you.

Donald Trump is going to cut those positions.

He's going to. And it's going to get ugly.

I mean, the ACLU was all over this, saying, oh, we've got plans. We're going to -- we're going to -- this is obscene.

This is absolutely obscene. What the Democrats are trying to do. By thwarting the president.

And honestly, thwarting the will of the American people. Remember the speech that was given by I don't know, some boob from -- well, one of the Carolinas.

I don't want to besmirch the other one for electing a boob. But he was -- he was giving a speech in the well of the Senate. And he said, we need a shadow government. What?

Hold it. You mean a Deep State. Because we already have one of those. And he said. This is a quote.

One of the most obscene things I've ever heard from an elected representative. We failed to make our case. That our policies are better.

Now, in my world, growing up in America, the next sentence is: We need to sit down and talk and find out why we're out of step, with the American people.

His was, but we know we're right. So we need a shadow government, to make sure we put our policies in, anyway.

There's nothing more un-American than that.

By the way, Ted Cruz also said, he thinks there's criminal charges that could be lodged against Biden and his administration for the selling of the steel and the walls for the border.

I think so too. I think so too. He'll probably end up blanketing or pardoning everybody that has either lived by a Biden. Or a Democrat.

Worked for the administration. Everybody will get a pardon at the end.

Honestly, it's like, hey. Everybody, Oprah is here.

Look under your seats.

Because you've got a pardon. You've got a pardon. And you've got a pardon.

Ugh!

Now...

PAT: The Department of Health and Human Services on November 15th. This is posted immediately after President Trump has been reelected.

They advertised for the following position. A deputy assistant secretary for Minority Health. With a salary of up to 221 thousand dollars. This is the goal of this position.

Or this is the purpose of this position.

To, quote, promote health equity.

To promote health equity.

What does that mean?

It means racial criminalization in health care.

It means, if you are seeking, I don't know.

Think about during the pandemic. When there was limited resources. Limited beds in the emergency room.

Limited amounts of drugs and therapeutics, that people could access, in order to treat COVID when it's at its worse.

Well, now you will be screened based on the color of your skin.

That's what health equity is. Health equity is a word used to disguise the reality, that it's just -- it's socialism.

It's discrimination.

It requires, a government official to look at you, and make a decision about whether or not you are going to have access to health care that you might need, based on what you look like.

Not based on the severity of your illness. Not based on your ability to pay. Not based on your request for care. But based on the color of your skin. That's not only wrong and immoral and completely absurd, that a bureaucratic in that position would make over $221,000. That's evil. The left likes to pretend, that you're a racist. Or I'm a racist. Just for voting for Donald Trump. This is evil racism. This is the kind of stuff that we eradicated from our country.

And Biden is trying to plant the Trump administration. With these evil little minions before he leaves.

GLENN: I mean, why are we -- why are we surprised?

How many anti-slavery amendments do we have, to the Constitution.

I mean, it's amazing to me. With very few exception, after ten, most of these seem to be like, oh.

Yeah. Okay.

You're so stupid, you don't understand.

Slaves need to be free. Okay.

Then the next amendment is like, okay. All right.

Let me limp up to explain this once more.

That means, they're Americans, and can vote!

How many amendments are -- are just one after another, especially on slavery.

And, by the way, who was it that didn't understand that slaves should be freed? The Democratic Party.

It -- I swear to you, these amendments are just, God, we didn't think you would be this stupid.

It's already covered!

But let's lay it out clearly, for you.

You cannot discriminate by color! By race! By religion.

We thought that had already been covered, but apparently, not.

LIZ: What I would do if I were the Trump transition team. This is obviously a deliberate effort by the Biden administration. Because within the first ten days after the election, 33 of these jobs were posted on government websites.

So this was -- they were like, okay. Trump is coming in. Let's start ceding the deep state with these races. What I would do if I were Trump transition is I would say, we take racial equality, very seriously. We take civil rights very seriously.

In the administration, of the 47th president of the United States, and anybody who engages, especially a government official who engages in racial discrimination will be prosecuted. And prevent these people from even accepting these jobs. Because they will be threatened with legal action if they do.

GLENN: You can make a legal case. A solid, legal case, that that is exactly right. And that's what should be done.

They would be doing that to us, if we were -- if we were discriminating on race. If we were like, you know what, we're only going to hire white people.

We would go to jail.

Oh, you know what. We're just going to shuffle the deck here.

We're going to look at everybody.

But we lean towards white people.

Did you have Wheaties for breakfast?

If you had Wheaties as a childhood, you're in a different category. Okay?

I mean, we would go to jail. We would be shut down.

It's the same thing.

But don't expect the Democrats to get it.

Did you see the new -- or the DNC chair front runner?

The one they're thinking should be the head of the DNC?

He said, the problem with the election is, the convention should have featured pro-Hamas activists.

LIZ: I totally agree. That absolutely should have --
GLENN: At least they would have been honest.
LIZ: Think about how many Democrat voters, and really prominent people too.

I'm talking about Joe Rogan. I'm talking about Elon Musk. I'm talking about RFK Jr. These were fairly hard-core Democrats, who not only converted to being like, okay. We'll tolerate a Republican. Because it's not Joe Biden.

It's not Kamala Harris.

These people are the biggest supporters of President Trump right now, because of that kind of garbage. So DNC, if you are going to be radical, please be honest and tell us.

Thank you. It's just ushering new Republican voters right into our arms.

GLENN: I respect you, more than I respect people like Mike Johnson.

Mike Johnson doesn't tell me what -- he doesn't tell me what he really is.

What he really believes.

He tells me what I want to hear. I don't believe it. Then he's elected. Then he gets in.

And then he rapes you.

You know, I have much more respect for -- for people who are like, yeah. I'm pro-Hamas.

And you should elect me.

Well, I don't think I'm going to do it.

But thank you for telling me who you really are.

LIZ: Yeah. Great. Let's take all of the Democrat members of Congress. And let's Jamaal Bowman them, let's Cori Bush them.

Because as soon as they were honest about being pro-Hamas, voters were like, actually, we're good.

GLENN: Yep. Yep.

By the way, Hochul has come out. And she has now tried to stir up support to end the electoral college.

Because no offense, Wyoming, according to her words, New York voted for Kamala Harris.

You know, it is so dishonest. And this would -- this would have no space, if -- if we were actually teaching you students, what the electoral college is for.

You want to talk about fairness. Here's fairness: Should New York City dictate what all of New York does?

No!

They have representation. Of all the small towns.

All the farming towns.

Everything else.

New York City, should not be the one that tells everyone else, exactly how to live!

I think there should be electoral colleges in states now.

Because the cities are just devouring, all of the communities outside of those mega cities.

The electoral college is to make sure, that New York, California, and let me say, Texas, doesn't run over all of the other states!

And force how they're living in those cities, and those big states. In Wyoming!

Or Idaho!

Or Alabama!

Yeah. I don't have to live like you do in New York City.

I don't want to live like you do in New York City.

And we have completely different values than you do.

We should have a say, and an even, equal seat at the table.

That's why we have the electoral college. And we have the popular vote.

So you can see. And it's usually pretty close.

This time, however, Hochul, you lost the popular vote!

So you don't really have a case here, on the electoral college.

But you don't have a case.

If you're an American, you don't have a case on the electoral college anyway.


LIZ: Wait a second. Have we war gamed the scenario that you just proposed.

If there was an electoral college on the state level in California or on the state level in New York, what would the -- have we actually looked at a map here. If anybody has done this. Tag me on social media.

Because I am fascinated by this idea. I've not thought of this before. But I -- would we actually swing those states Republicans, if there was a state level?

STU: I bet we would. I bet we would.

You know, every time. Look at Wyoming.

Jackson Hole now controls Wyoming. Just controls it.

Who is -- who is so close to controlling Texas?

All the big cities.

You know, you don't have a chance. When these cities grow so large, they tip everything.

That's why we have an electoral college.

And it didn't used to be this way.

But our cities are becoming mega cities.

Almost states in and among themselves.

You -- you have to balance. Otherwise, the farmer and everybody else, that makes your life possible, in a city, gets screwed.

GLENN: And also think about cheating for a second. If you have a popular vote across the whole country, versus an electoral college system, it's a lot easier to impact the outcome of the entire presidential election because you can have one county somewhere with corrupt election officials.

And if they cheat by 10,000 votes, that could change the outcome of the election.

But if you're an electoral college, it doesn't necessarily.

3 INFURIATING Reasons to REJECT the New Spending Bill
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3 INFURIATING Reasons to REJECT the New Spending Bill

Republican leadership in the House of Representatives is trying to push through a “continuing resolution” bill right before Christmas. But this CR bill has grown so bloated that it’s practically an omnibus, which Speaker Mike Johnson promised he wouldn’t back. Yet here we are again … Glenn and fellow BlazeTV host‪@lizwheeler‬ review 3 of the worst things included in this bill – but just ONE of them should be enough to make every TRUE conservative in Congress vote AGAINST it. First, it includes a 1-year renewal of the Global Engagement Center, which is a State Department sub-agency that has become “the nexus of the censorship-industrial complex” against Americans. Then, there’s an expansion of the “Pandemic and All Hazards Preparedness and Response Act”, which would give the government the power to conduct gain-of-function research in the case of a national emergency. And lastly, it holds hurricane relief hostage. "Does that sound like you’re negotiating with honest people?" Glenn says. Maybe we should just let the government shutdown happen. Turn it off and back on again.

Transcript

Below is a rush transcript that may contain errors

GLENN: So Liz Wheeler is joining me. The Liz Wheeler show. You can watch it on YouTube or on Blaze TV.

She is fabulous. And really, really smart. And actually, a conservative. I know, because early this morning, we talked about the spending bill from Mike Johnson.

It -- what part of that do you like the most, Liz?

LIZ: I like the fact that in order to print all of those pages, we had to have American workers chopping down some trees. Which helps our industry.

There is nothing else positive about this bill.

Here what I would say to Republicans in the United States Congress. Who are there, of course. To represent us.

You don't have to post on X, telling us that you spent the whole night reading this.

Don't even bother. There is one thing in this bill that should an immediate disqualifier. You don't have to read another word after you realize that included, in this 1,547-page monstrosity, there is a one-year renewal of what's called the global engagement center. It's such -- it's such a vanilla sounding name, isn't it?

GLENN: Oh, yeah, and it's not! It is not. We talked about the global engagement center on this program, over and over again.

But I'll bet you most people, even in this audience. I'll bet, don't know how dangerous that is.

And the Republicans are giving it another year's worth of funding. What to do!

LIZ: It's unacceptable. It's unacceptable. The global engagement center is a subagency of the state department. And the purpose or the stated purpose, it was conceived in 2014, 2015, 2016. That's when it kind of came into being.

Was to combat disinformation. It's a narrative setting body. It's supposed to be a fact-checking organization for hostile foreign adversaries.

That's what they told us! Which is funny, Glenn. Because right at the time that they were saying, that they -- that they conceived of this global engagement centered to combat foreign disinformation. Not here in America, they said, just abroad.

Suddenly, everything that you and I say, has been labeled as, oh, that sounds an awful lot like Russian propaganda.

That sounds an awful lot like, you know, someone being a patsy for a foreign government.

And suddenly this global government agency was aimed at us.

It is the nexus of the censorship industrial complex. Which has obviously been used against President Trump.

But think of the Hunter Biden laptop story being censor odd Facebook and on Twitter of old. This global engagement center is behind that.

And the fact that any Republican in the United States Congress could look at this bill, see a one-year renewal for the global engagement center and think, oh, I should read the rest of this bill.

Mind-blown.

GLENN: You need to say no to this bill.

LIZ: Yeah.

GLENN: You need to call your House of Representatives and say, no, no, no.

That's not what we just voted for. No.

And we will primary every single one, that votes yes.

What are they going to do? They are going to shut the government down? First of all, they will not shut the welfare system down. They're not going to shut the military down.

No. Nothing that is critical, is going to be shut down. They should shut the government off.

With everything that we have learned and known. What good are they going to be up to, while we're all thinking about Christmas and New Year's?

Shut it off!

You know what, here's -- here's where I start with DOGE.

This is my beginning place.

Hey. Can you give me a list of everybody who raised their hand and said they were an essential employee for the government.

And has been showing up to work, all through the pandemic.

And beyond. Okay? Good. Give me that list.

Everyone else, you're nonessential, by your own definition, or your boss' definition, you're fired.

That's what it should be. You're not in an essential worker?

Than what the hell are you doing? What are you doing?

Why do we need you?

This government is so bloated. It is so rife with corruption. The best thing -- here -- I've said this for years.

Can we try unplugging it. And plugging it back in?

Reset to factory settings.

If we have these non-stop continuing resolutions. You know what that means?

It means, there is no budget.

LIZ: Right.

GLENN: They're not discussing the budget. They're not saying where you're going to spend -- none of that -- none of that happens.

They just keep saying, you know the budget we had?

I believe in 2008, was the last one we passed. Do you know, Liz?

LIZ: No. It's also a betrayal, by the way.

When you talk about the budget process, it's a betrayal on the part of Speaker Johnson.

Because he specifically promised not to do this. This happens every year. We get to Christmas.

Congress knows that we're busy, taking care of our families, enjoying the holiday.

And going to church.

And they try to cram all this poison through.

Speaker Johnson, you promised not to do this. You're betraying, not only your constituents.

But the entire American public. Give us one good reason, why we should not have a vote to vacate your chair?

Why should we not do that to you? Because you have betrayed everything you've promised.

GLENN: We will probably hear that from Chip Roy in about an hour. And Thomas Massie is just blood shooting from his eyes today.

This is everything Thomas Massie said would happen. Everything we have seen over and over again.

And I want to go back to the budget.

We haven't had a passed budget, since 2008.

What's happened to our deficit since 2008?

Why is it, your family has to live on a budget? Because if you got to the end of the year and went, you know what, I don't have money for taxes.

Oh, well.

I'll just get some from the Federal Reserve.

And I'll write them an IOU.

That wouldn't happen.

That only happens in the Biden family.

Okay. Doesn't happen to you.

You have to have a budget. Your company has to have a budget.

Here's the world's largest corporation, if you will.

Employs more people than any other thing in the entire world. The history of the world!

And we don't have a budget?

How is that possible?

LIZ: Modern monetary theory.

GLENN: Yep!

LIZ: From the Obama administration.

It's the chicken -- I mean, it's coming home to roost. This is what we said would happen. If you stop. If you stop acting like your money has value.

And instead, you just printed at will, you don't have to have any -- government officials.

Congress members, specifically, don't have to have any accountability to their voters.

Because they never have to answer for the question that voters would pose to them and say, well, you passed this bill, and you're spending my money in order to fund whatever your project is. Justify that to me.

But if the Congress members aren't appropriating money, via taxes. They're just printing it. There's no accountability. It is a blank check, for their pet projects.

GLENN: You keep asking, as an individual American.

Because I know, this is the way I feel. What -- where is -- where is Joe Biden finding -- oh, I will send another $900 million to Ukraine.

A week later. I'm going to send another $500 million. Where is the debate on that?

Because if that had to go through Congress, we wouldn't be approving all of those.

He's pulling from all kinds of different budgets. He's just pooling the money. Pull from here. Pull from here. Pull from here. And he's giving it, without any debate. No congressional approval. No budget ramifications.

No one is even saying anything about it. No one is saying, the president is out of control.

They're not even saying, he can't control his bladder or his bowels, anymore.

Let alone, control himself with spending.

And live within the definition of the presidency.

LIZ: Well, here's the thing. Here's the thing. It's a hostage situation happening right now.

Joe Biden can't tell the difference between a nickel and a dime. He's not in control of what's going on. I think you know that.

GLENN: You think?

Hang on. Hang on. Hang on.

You think, or you know?

LIZ: We know. Imagine a situation. Holding up a nickel and a dime. Joe, can you tell the difference?

I don't think so. Maybe he would be like, vote for ice cream, please.

GLENN: Yeah. And also, he's not the president. He's not making these decisions.

If he is -- this is the Wilson administration!

They are -- Wilson had a stroke. He was completely incapable of running anything the last year in office.

His wife was shoving the orders underneath his hand.

Putting her hand on top of his. And then signing his name. That's what's happening here. That's what's happening. There's -- he might be able to sign his own name. But I can guarantee you, he didn't -- he didn't approve 9,000 people. Who did?

Who approved all of those pardons? Who did?

Not him. Not him.

LIZ: We're going to look at those, the signature later. When someone gets a chance to scrutinize it, and we're going to find that it's signed by Corn Pop.

All right. Let me tell you something else that's in this bill.

GLENN: Okay.

LIZ: There's an expansion of the pandemic and all hazards, preparedness with and be response act.

GLENN: Oh.

LIZ: This act. Problematic from the name itself, perhaps.

We can anticipate what's in it.

It allows the government to declare a national emergency.

You know, in the case of another COVID-19-like virus.

Enforce vaccines on us. Vaccine passports on us.

Masking. All the COVID tyranny.

This expands it, and actually gives the government power to do it.

Again, there's a lot wrong with this bill.

If this isn't a deal breaker.

Why even call yourself a Republican?

GLENN: And I do want to remind you, this is a Republican bill. This is not the Democrats -- this is the House. This is the House's bill.

It only gets worse when it goes over to the Senate.

And they're putting it -- what additional powers on -- on declaring a national emergency does our president and government need?

Haven't they --

LIZ: Well, according to this bill, it would give them additional power to conduct gain of function research, of course, just defensively.

GLENN: Wait. Wait. Wait.

I'm sorry. I've got so much blood in my eyes right now. What did you just say?

LIZ: The pandemic and all hazards, preparedness and response act, if expanded, would give the government, in the case of the president declared an emergency, if there is another COVID-19. It would give them the power to conduct gain-of-function research.

GLENN: I -- I -- I wish this wasn't FCC regulated radio. I can't think of anything that's not obscene to say after that.

GLENN: You don't usually, like at this point, Christmas music will cheer me up.

But as a dad, I'm practically vomiting blood. My daughter is on the stage at the Grand Ole Opry. I was on the airplane, and just going true my music. And I started listening to Patsy Cline. I loved Patsy Cline. And I'm like, oh, my gosh, she's going to be standing on the same stage that Patsy Cline sang these songs from.

And that's happening tonight.

So tomorrow, I will be much more relaxed. And less scattered than I am today.

But that happens tonight. By the way, name of her album is Home for Christmas. You can there it wherever you get your music.

And thank you so much. Tonight, she's on with for King & Country.

She's doing a couple of songs before they come out. And for King & Country, if you've never seen them in concert. You need to see them.

They are fantastic!

Okay. So Chip Roy, just read something from Chip Roy. He said, we get this negotiated crap, and we're forced to eat this crap switch.

Why? Because freaking Christmas is right around the corner. It's the same dang thing every year.

Legislate by crisis! Legislate by calendar! Not legislate, because it's the right thing to do. I love Chip Roy.

I do. I do.

LIZ: He's my favorite member.

GLENN: Is he? I think he's mine too. Massie is pretty great.

LIZ: He is.

He predicted this, by the way, I think it was from -- it was early in September, Massey said, I will tell you exactly what the Republicans are going to do. This is before we even knew who was going to control the House. He predicted this to a T.

GLENN: Yeah. They always do this. They always do this.

And we always give in. Because they scare us.

Stop being scared by what the government is saying!

You should be afraid of the government, on what they're not telling you.

What they're doing behind the scenes.

When they say shut down the government, you really think our missiles won't fly if North Korea, you know, pushes the button.

Do you really think we can't scramble our jets.

Do you really think, that our budget -- that this little game that we play, every time people are going to starve?

No!

It's not going to happen. This -- what happens every single time, is they scare people. And they're like, well, we can't shut down the government.

We can't shut down -- yes, we can.

You will be surprised at how much we can take care of by ourself. How sweet ass your life becomes, when the government ain't showing up!

They're holding the -- the hurricane relief hostage in this bill.

Now, does that sound like you're negotiating with honest people?

With good people?

With people that actually care about you?

They're holding hurricane relief hostage?

Hmm. Congress, don't -- do not bitch at me.

Do not bitch at me.

Oh, we can't even read -- you don't have to.

Reject this bill. There's -- there's -- we just gave you three things in the bill.

You should be like, oh, well, that's ridiculous.

By the way, very few mentions of the border in this.

Okay?

Call your Congressmen.

Hey, we're not around the tree yet.

Tube this bill!

“for King + Country” REVEALS Mission Behind “A Drummer Boy Christmas LIVE" Tour & Movie
RADIO

“for King + Country” REVEALS Mission Behind “A Drummer Boy Christmas LIVE" Tour & Movie

Christian band ‪@ForKingAndCountry‬ is now synonymous with the Christmas song "Little Drummer Boy." But it's hard to bring their incredible Christmas concert experience to everyone in America - let alone the world - when the Christmas season is so short. So this year, they've decided to create a virtual tour, called "A Drummer Boy Christmas LIVE | The Cinematic Concert Experience". Brothers Joel and Luke Smallbone join Glenn Beck to explain how the idea came about, how they pulled it off, and why Joel's wife described it to him as "better than your actual live show." Plus, they share the story of how they once worked for Glenn many years ago ...

"A Drummer Boy Christmas LIVE" is in select theaters through December 19th and is also available on DVD at https://www.ForKingAndCountry.com/

Transcript

Below is a rush transcript that may contain errors

GLENN: Luke and Joel Smallbone, brothers, from the Smallbone family are with me by now.

Guys, how are you?

VOICE: Well, well, well, from the bowels of an arena in Kansas City, a month or so ago, to -- to your show today, and I want to give a spoiler to the listeners, but to the Grand Ole Opry in a couple of weeks.

GLENN: Yeah. I know. That's crazy. That's crazy.

I can't thank you guys enough for that.

It's nuts. Do you have any -- well, we'll get into it some other time on the air. Or off the air.

Tell me about the -- the film, that you guys have, out in -- in -- what do they call it?

It's not --

VOICE: Yeah, it's actually -- well, first of all, thanks for having us, and loved our time together.

GLENN: Yeah.

VOICE: It's in 1600 theaters across America. So here's the back story, Glenn. We love Christmas. We love Christmas.

It actually will become a hallmark of Luke and my band, for King & Country, particularly this song, the Little Drummer Boy.

We did sort of a very obvious version of it, with Bing Crosby or Frank Sinatra never thought of. And that is, we put loaded drums on a song, about a boy playing a drum.

And, I mean, all the TSA agents will come to me. And be like, we -- they would be like, you're part of King & Country. They would be like, you're the drummer boy, right? You know you've made it when an American TSA agent calls it. And but the trouble is, when we do these Christmas tours. You know, it's so short.

So we only did ten or 12 tours every year. So we end that when we announce it. Three-quarters of America and the rest of the world are all just really upset about it, because we can't get to them.

And so this was our attempt, you know, in a holiday, that I feel like we need to be reminded of these great hallmarks of what it means to be human joy and love and peace.

And the redemption that comes through God. We needed to be reminded of this.

So we put a film. We put it in a Toyota center, last year. And captured a cinematic experience for the whole family of our live show.

And my wife literally, Glenn. Turned to me. And he she was like, Joel, I think this is better than your actual live show.

So I was encouraged and insulted all at the same time.

GLENN: Right. I have to tell you, who is -- who is the artistic director of -- of the show?

VOICE: Well, this is Luke here. Well, this is one of the privileges of being able to do work. And I have brothers from the same mother. From the same father. And I have a privilege of working together. Is actually being able to, you know, being able to create these things together.

Our brother Daniel is actually the show designer.

We obviously, we work on this altogether.

So when it comes down to the set lists.

The visuals. The technology.

Yeah. We're involved with all of it.

Because we've actually done this since we were very young boys.

Rebecca saint James. We went on the road with her.

I think I was a lighting director at 14 or 15.

Joel was --

VOICE: That's a nice summary.

VOICE: So, you know, you throw this all together, and you create these shows.

And that's one of the things I love about what we get to do. We get to do it together.

GLENN: I have to tell you, it was -- it was awesome. It's one of the best shows I've seen. You know, I haven't seen the Christmas one, yet. I've heard, you know, the music.

I haven't seen the actual show.

But the -- the -- your music and the staging was -- I mean, I sat there with my wife.

And we were with a bunch of friends.

And I said, this is incredible!

And if you aren't a Christian, you would walk in here, and you would have really not necessarily any idea, if you hadn't really listened to the lyrics.

But you would feel what you're feeling. And it just is such a great experience.

VOICE: That's kind, man. Look, in our interpretation at least, the idea of being a Christian, of being a Jesus follower. It's an invitation, right?

And it's also a pretty enormous claim, that we are in touch with the creator of the universe.

That we're in touch with the creator of creativity. The creator of art. The creator of Sistine chapels. And so on.

And so often, in the modern context, our art feels like second fiddle to pop culture. And yet, you know this, as bit of a historian yourself.

Throughout history, the religious arts have led the way. And so, man, we take it so seriously.

Not for the sake of ego.

You know, at least -- not for the sake of -- not for the sake of self-aggrandizing. But for the sake of people looking at this and going, my goodness.

What a great God, that they must be in touch with, to put on, and to be inspired to do these types of things.

GLENN: So have you guys been tempted at all, to, you know. In the old days.

When you would go to a Christian concert, they would kind of preach at you. And, you know, try to convert.

And what I loved about it, is it was all there. But it was not in your face. It wasn't -- you weren't -- you weren't overtly saying, hey, come to Christ.

And so you -- nobody was. Nobody could possibly be offended. It was just such a great way to present the message.

And have people go, what makes them different. Have you been tempted to do -- be more obvious?

VOICE: Be more obvious. That's an interesting way of putting it. Look, I'm a big, well, I try to be a big historian.

And st. Francis at the CC, was the guy many, many years ago. He had a quote that as a young boy, really affected me.

And he says, preach the gospel. And if necessary, use word.

GLENN: Uh-huh.

VOICE: And look, I think that that statement should poke at a lot of us, as Christians.

Because our lives should be so unbelievably joyful.

Our work should be unbelievable good.

That sometimes, yeah. Sometimes words are required.

But I think that most of the time, they're not.

It's the presence that you bring, that oftentimes, people are left talking about.

So I think for us, man. We tried to take that -- take that statement literally.

You know, hopefully, you feel it.

GLENN: You do. You do.

VOICE: And you kind of know what's going on. That's our hope.

GLENN: So when I saw you in Kansas City.

I had forgotten that we -- I mean, I -- I know the name small bone, obviously.

I know your brother. He worked -- on one of my early book tours.

I've seen your movie of your family and everything else.

But I had forgotten that at one point, you two worked for me. You did a -- I have -- and you reminded me of that. And I'm like, what?

VOICE: What did you do, Luke? You were --

VOICE: Yeah. No. I'm a film director as well.

And I guess somehow we were working together, Glenn, because your team or somebody said, hey, why don't we do a day in the life of Glenn Beck?

And so we started at your house. And we like filmed you walking out. And then we filmed you, as you went to work that day.

But the funny part was, I was there to be like the sound and the audio guy. And before you came out of the door.

The loud mic, that was meant to go on to you. I dropped.

And literally broke it.

And so the rest of the day, I mean, for those of you who are listening. You see those guys are holding those massive mics above people's heads.

You get good audio.

Usually, that's the backup mic.

Well, that day, I made a mistake. So I am having to chase Glenn around all day with this massive mic.

Because I had broken the loud mic. So yes. We worked together, many, many years ago.

It's a small wall, but a crazy story.

GLENN: A crazy story, to look at where you are now. I mean, you're massive worldwide.

Congratulations.

VOICE: Thanks, man. You know this better than anyone. It's a team sport, right? This whole idea of being human. We're never meant to be an individual concept. We were meant to do this together.

And I think that's what King & Country represents, what these live shows represent.

It's collaboration. It's compromise.

It's, you know, creatively putting our minds together. And that's what the Christmas Live, you know, it really represents.

Is we took the same film crew from our movie, unsung heroes. It was released. Basically our parents' story. Our dad in the film, which I dubbed as a very expensive therapy session.

But we put the same -- we put them in that to capture this -- so what I love about this, this concert film.

And what we've gotten to do live, but also what we're getting to do cinematically now.

Is that we're getting to invite people, not only in America. But this film is going up to Canada.

It's going across to the UK. We're playing a few shows at the UK.

It's going down to Australia. It's going to New Zealand

This is the beauty. We know this with radio. Radio?

We're talking right now. There are thousands and thousands of people listening to this.

This is when art and technology come together. You're able to do something really cool.

GLENN: So we're talking to for King & Country. Their Drummer Boy Christmas live, will be available in select theaters, December 5th.

What day is it? Is that today? That's yesterday.

VOICE: Right now. Right now.

GLENN: Wow, through the 19th.

And if you've never seen them, I cannot explain how good they are.

They are really, really great. You want to get into the Christmas mood. I can guarantee, a good time. How do you get tickets?

VOICE: I think if you -- still, we can go to the local theater.

Phantom of -- kind of got all of the theaters. You know, I think if you use the ZIP code.

It would be able to direct you to the place, to kind of go see -- at your local theater.

GLENN: Great. For King&Country.com.

And you can follow them on Twitter. Four. The number four. King & Country.

God bless you, guys, we'll see you soon.
Thank you. Goodbye.