RADIOJanuary 23, 2024

'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.

Will Russia declare WAR on America after Biden let Ukraine fire ATACMS missiles?

President Biden - or whoever is calling the shots - has authorized Ukraine to fire American-made ATACMS missiles into Russia. This happened even after Vladimir Putin said that crossing this red line would mean war with whoever supplied the missiles! So, why would Biden push us closer to World War III just 62 days before Donald Trump takes office? "What Joe Biden did is impeachable," Glenn declares. But will World War III break out? Or will Russia just attack Ukraine even harder, possibly with a tactical nuclear weapon on the battlefield? Glenn's head researcher, Jason Buttrill, joins to discuss.

Transcript

Below is a rush transcript that may contain errors

GLENN: All right. So we have Jason Buttrill in with us. And Stu, of course, the executive producer of the program.

And I am your congenial host, Glenn Beck.

Last night, Ukraine did exactly what Putin said, don't do. Two days ago, he signs in a doctrine, saying you use any of these kinds of missiles that are coming from -- even conventional missiles. Coming from, you know, a nuclear-powered nation. We'll consider that an act of war.

And between us, Ukraine, and whichever country that is specifically. Meaning us. It seems like had madness, I think on our side.

And it seems like madness that he would use nukes and respond.

It doesn't say it's a guaranteed use of nukes.

But this gives him reason to believe that this is a NATO strike now.

And so he could strike NATO.

My guess is, he's just going to pound Ukraine.

In some place, where it really hurts them.

That's kind of where I hope the best-case scenario is.

Is just a pounding in Ukraine. Which would be horrible, and horrendous.

However, it's better than striking into a NATO country.

Which we would have to respond then.

I mean, Biden has put us on the brink of World War III. And we might go how this goes in the next 24 hours. We might have a very good idea of whether we'll be in World War III in the next 24 hours.

Jason, do you agree? Disagree? Where am I wrong?

JASON: What's dangerous is that the threat of that is obviously a lot higher this morning.

I think Putin's response will probably be to take out those missiles as quickly as possible.

We know that Russia was planning a larger, deeper attack into Ukraine. Building up troops.

The North Korean troops, allows him to do that.

Because the North Koreans can now guard the lines of communication in the rear. They can guard the facilities in the rear.

The ammo. Depots, all that stuff.

Freeing up the Russian troops, to get to the border.

That's what the establishment defense people on our side have seen. And that's probably why they've said, let's go ahead and fire these missiles. And start taking out those rear areas as quickly as possible to stop that buildup.

That's how they're looking at it. Putin right now is figuring out how to respond. Because now they've green lit that.

We are striking in Russia. The lines behind the border.

Now he's looking at, well, okay. So what would be like an act -- a good response?

Well, the threat of a nuclear weapon is there. That's always been their thing. That's been their thing since the start of the war.

It's a real threat.

GLENN: But it's still madness.

I mean, you would hope there's enough people.

Some people in Russia. And some people in the United States and our own Pentagon would use it. They were thinking. You know what, let's just get it out of the way. But I -- I don't think Putin would nuke a city. Do you?

JASON: No, no, no. Putin is not going to nuke a city. I think a nuclear threat, and the biggest threat will be a tactical nuclear weapon.

GLENN: And what's the difference?

JASON: So tactical nuclear weapon is a low-yield weapon made specifically for the battlefield.

So let's say there's one of them, as you're calling them the ATACMS. I'm going to steal that, by the way, it's awesome.

Let's say there's some ATACMS, surrounded by several battalions of Ukrainian troops. Well, the only way to be for sure they take it out, is to use a tactical low-yield nuclear weapon, that will take out that entire battle space, including the ATACMS. That's probably the more likely scenario, if a nuclear weapon is used.

GLENN: Nobody has ever used a low yield nuclear weapon, have they?

On a battlefield?

JASON: That's a good question. I'm not exactly sure of that. We probably use something very close to the same yield.

GLENN: Close. But we've used them for bunker busters.

But I don't believe they were nuclear.

That were the strongest bunker buster penetrating bomb that we had, but I don't think it was low-yield nuclear.

JASON: Right.

And that would still be a big international faux pas, if they did something like that. That would be escalatory.

And we would see that. We would probably get word that something like that is about to happen. Because those are heavily monitored. We're seeing them transported to wherever they're being stored.

To launchers, and then the entire world will kind of hold their breath. Well then the question is, how do we respond?

Do we allow them to press the button on it and fire that missile, or do we send actual US assets in, to take out the areas inside Russia, so they don't even have time to press the button.

Then it escalates to a completely different kind of level.

GLENN: Yeah, we're going in the wrong direction. We're going the wrong direction, which is very concerning.

Why would we do this, two days after he said, this will -- even if it's a -- if it's a -- a foreign missile system.

Even if it's nonnuclear.

It will be war, between us and the United States.

He didn't say United States. He said, us and that foreign nuclear power!

Why would we do this? Right after that.

JASON: I still think, I go back to regime survival.

GLENN: Our regime.

JASON: Our regime.

And as far as the DOD, security, military complex. That's how I see this.

I think they are terrified of any change in the status quo over the Trump administration. I think that they would love to see us pushed to a point of no return.

Where, no.

We can't do the things that Trump said he was going to do.

We can't alter, you know, the -- the diplomacy.

And the security posture in that area.

We can't go for a deal. We are locked into this position.

That's how they see it.

And I think they are driving us to this point of no return. Where Trump and his cabinet has no choice. But to continue with business as usual. How it's been the past four years.

That's the way I see it. That's the only way it makes sense.

Two months before they take power.

That's the only thing!

GLENN: So do we expect a response today?

I mean, it would seem natural that they would respond today.

JASON: I think the Russians have to make moves on the ATACMS as soon as possible. Because now you're targeting everything they were planning for an offensive and amassing troops and moving on Ukraine, which is what they're planning to do.

I think you have to take out the immediate threat, which is the ATACMS.

I think you have to do that. So I'm sure they're planning right now, well, how do we get that done?

It's not going to be easy. Because we have some air defense assets.

We put some things in place so they can't do that. So it's not going to be easy. That's when you have the generals over Putin's shoulder.

Saying, well, you know, it doesn't matter if we miss with five conventional missiles, if we get one tactical nuke in there.

Then we make sure that we take out the entire area. That's when things start escalating.

I know -- I personally do not think Putin is stupid enough to go that direction. And that's actually what the old regime is -- our regime is planning on as well.

He's threatened. He knows he can't do it. He's a madman if he does it. They know he's not a madman. He's a bad man. But he's not a madman.

They think he won't do it. So they will continue to push that red line.

There is a point, where as I said, a point of no return. Where they have no choice, and then you're locked into a much deeper conflict.

The question is: Where is that?

GLENN: So, you know, I think the regime change or the regime survival is absolutely valid.

I think -- this is why I said, you know, back when?

September. Whenever, when we were talking about what could happen if Trump won.

Assassination. There could be terrorist strikes here in the United States.

But they also had the war option.

Just embroil us into a war. And collapse it.

I have been worried about that -- that moment, where all of our enemies would say, get them! Now!

Now would be that last time.

As Trump comes into office. Especially with things turning around, where he's kind of the popular guy, where he's starting to turn everybody kind of around.

End this nonsense.

It -- it strikes me as, if I'm the enemy of the United States, we're most vulnerable right now.

But you've got to knock us out.

You better kill the king. Okay?

So wouldn't it be in the bricks nations. You know, this new -- I mean, they are planning on collapsing our economy, anyway.

Wouldn't it be kind of in their -- their -- advantage, to start, embroil us in a war.

Not a nuclear war. But a war.

JASON: Yeah. Wanting to do it. And being able to do it are two entirely different things.

I don't see. It makes perfect sense for them to goad us into a war in the Middle East.

Or goad us into a war let's say in Taiwan or something like that.

Getting us more involved in the Ukraine/Russia world.

Seems way too crazy for them to try to really push. And get us more involved.

I personally don't see that happening. I see them wanting to avoid that as much as possible.

But getting us stuck in another war, in a the different part of the globe. That we will waste, you know, billions and billions. And trillions of dollars on.

I absolutely see that as a strategy. I see them thinking more long-term.

They've been very methodical and careful about it so far. And you're talking about the Chinese, who are probably even higher at the table than the Russians are.

GLENN: Who look like they just cut communication cables.

JASON: That is wild to me.

I don't --

GLENN: Explain what happened, if you don't know.

JASON: So there's multiple communications, cables, that go through that -- what?

GLENN: Finland.

JASON: Sweden. Norway. That area.

GLENN: And Lithuania.

JASON: Yeah.

GLENN: They cut those cables. Now, Lithuania and Finland are Cold War Soviet states.

And, you know, Russia has said, they're ours. They're ours. And they're ours.

And Russia has been saying, no. We will make them NATO countries. Congratulations. They're on our side.

And they've been freaked out by this war. Well, the Chinese ship, we believe it was Chinese.

Went over these cables, right at the same time they were cut. So did the Chinese cut these cables?

Somebody -- I mean, they were cut, by somebody.

Is it a coincidence that they went out, the moment those ships went over those cables?

I don't know. But there's something going on, and then British Airways.

British Airways lost all of their ability to communicate in any way, shape, or form, with the planes and the towers. It was an IT glitch, and grounded planes all over the world.

And, you know, luckily they weren't in the sky, when this glitch happened. But, I mean, Putin has always said, it's not going to be fought with nuclear war.

It will be fought with ones and zeros.

Why did MSNBC “Morning Joe” MEET with Trump after YEARS of calling him Hitler?!

The hosts of MSNBC’s “Morning Joe,” Joe Scarborough and Mika Brzezinski, recently shocked their audience when they admitted that they had met with Donald Trump at Mar-a-Lago. Trump spoke well of the meeting, but their leftist audience wasn’t exactly happy. Did Morning Joe, which has bashed Trump as a fascist dictator-wannabe for years, just meet with Hitler 2.0? Or have they been lying the whole time?

Transcript

Below is a rush transcript that may contain errors

GLENN: So MSNBC, morning show host, Joe Scarborough and Mika Brzezinski revealed this morning, that they had a personal sitdown with the president-elect in Florida, to restart communications.

Scarborough and his wife who repeatedly have bashed the president-elect on the air over the World Series.

I haven't noticed that happen. Said they had a --

STU: Almost didn't. Because they didn't watch.

GLENN: Yeah. Had a face-to-face with Trump at his Mar-a-Lago estate on Friday. The first meeting in seven years. After reaching out in the wake of his election win. Five years of political warfare has deeply divided Washington and the country.

We have been as clear as we know now, in expressing our deep concern about the president's acts and words, in the coarsening of the public debate, said Brzezinski, as she opened Monday's show with a stunning revelation.

But nearly 80 million Americans, election denialism, public trials, January 6, were not as important as the issues that moved them, to send Donald Trump back to Washington with their vote.

Joe and I realized, it's time to do something different. I was thinking more of like, I don't know. Morning show waiter and waitress, in the morning time.

You know, at -- there's a couple of diners.

STU: They can go back to the radio show that they put on hiatus many years ago. Because they wanted to add a third hour. They couldn't figure out how to do that.

GLENN: Yeah. We just have to figure out how to do that.

STU: Wait. So this is interesting.

Because -- it's -- it's fascinating. Because he, of course, they loved Trump back in the day.

GLENN: Loved him.

I think they were with him on 2016. Weren't they? On election night. Something like that.

Or maybe for one of the --

STU: Primaries.

I don't know what it was. They had them on all the time. They were good friends with them.

And then he became president.

He got the nomination. They started to oppose him.

He became president. They got into a fight.

I remember Trump tweeting something about her plastic surgery or something.

Like he was -- saying she had botched plastic surgery.

The good old days.

STU: So -- but like I can understand.

There's a rational human thing to do.

Which would allow for something like this.

Like a rational human being, who just went through this election.

And was telling everyone, you know, Donald Trump was a fascist. And when they saw, hey. Wait a minute.

They voted for him.

Maybe I should try to understand him.

Maybe I'm the -- maybe we're the baddies. Like it's one of those moments.

GLENN: Yeah. That's not what they're saying.

STU: That's not what they're saying. Because I think it kind of seems like what they were saying there. I just don't believe it at all from them.

They also have no incentive to do it. Their audience is going to hate this.

GLENN: Well, their audience has dropped by half in the past seven days.

STU: Of course it has. But that's also not shocking.

You know, from six to three people, is not that big -- it sounds dramatic.

GLENN: It was actually two to one.

STU: Two to one. Okay.

GLENN: Yeah. There were two people. And Mika just said, I'm not watching the monitors anymore.

I'm not going to do it.

STU: Because we know the camera people weren't watching.

GLENN: No, they haven't watched that for years.

But anyway, listen to this.

So Joe and I realized, it's time to do something different, which starts with not only talking about Donald Trump.

But also talking with him. Yeah, you've been talking about him for a while now.

The trio talked about abortion, mass deportation, and threats of political retribution.

STU: This is terrifying.

GLENN: We talked about that a good bit. It will come as no surprise to anybody who watches the show, has watched it over the past year. Or the past decade.

That we don't see eye to eye with a lot of the issues. And we told him so.

What we did agree on. Was to restart communications.

STU: What does that mean?

Because there's a famous clip of -- of Joe and Mika, basically asking Donald Trump what he wanted to be asked. During an interview.

GLENN: Yeah. I remember that.

STU: This is back in 2015.

2016.

GLENN: When they were --

STU: When they were buddies.

Basically like, so what does that mean?

Communications.

Like I --

GLENN: I have a feeling, it means that MSNBC, or, you know, Morning Joe hasn't reached out.

Or if they have, they have not gotten a response from Trump.

And so now they're like, okay. Let's talk. Let's at least talk.

STU: What would their need -- what would the need be for Donald Trump to talk to them?

I mean, for him, just pure entertainment purposes. Take the meeting.

It will be funny.

But like, why. For him what would be the purpose of them talking?

I mean, maybe Trump is just -- I can win over some MSNBC viewers. I can bend the media coverage a little bit toward my favor. But I can understand why he wouldn't want to do it. But why would he actually go ahead with it. It's not employing to change it.

GLENN: I don't know. Other than, you know, he -- he doesn't -- nobody does.

Nobody likes being a pariah. You know what I mean?

STU: Yeah. You seem to enjoy it.

GLENN: I really don't. No.

Many things -- this is what Trump said.

It was extremely cordial. And the couple praised his flawless campaign. That's what Fox news reported.

Many things were discussed. I'm quoting the president now. And I very much appreciated the fact that they wanted to have open communication.

In many ways, it was too bad, that it wasn't done too long ago.

They congratulated me on running a great and flawless campaign. One for the history books, which I believe it was.

But it was also a campaign where I worked long and hard, perhaps longer and harder than any other presidential candidate in history.

I believe that too.

STU: Yeah. And we should point out too. A big part of that work was fighting off fake accusations of being Hitler from those people.

So I don't know. I wouldn't have time for them.

He's a better man than I am for entertaining the nonsense.

GLENN: Well, he said, I feel an obligation to the American public and to our country itself, to be open and available with the press. If not treated fairly, however, that will end.

I think as the president, it is NBC.

It's not MSNBC.

So that's like, you know -- you know, it's Kleenex. No. It's actually the people that perforate the box at the top.

That you pull that out. Then you get the Kleenex. I'm not talking to the perforation people.

If I want to deal with Kleenex. I'm going to the people that are making the Kleenex.

So it's MSNBC. The backlash against the pair was swift against social media this morning. With many blasting the duo for their shamelessness. And for bending the knee for arranging face-to-face.

Hitler getting a lot more meeting requests than I thought.

STU: This is so -- this shows and proves how fake that was.

GLENN: I know. You don't meet with Hitler.

STU: Yeah. Joe Biden welcoming you into the White House.

All this back and forth. We'll work together.

We will make sure your transition is as good as possible. Why would you do that for Adolf?

I mean, that's just -- it doesn't make any sense. None of this stuff was actually real.

That whole time.

It's just lies to try to win an election. Byron York said, annals of shamelessness, they call Trump a fascist. And much, much more than 22 days after his Nazi-like rally. They fly to Florida for an audience.

STU: That's so bad. A lot of times I feel like -- sometimes audiences can be very -- can be tough, if you step out at all.

Right?

If you are -- if you take an odd position. This has happened to me. It's happened to you.

You take a position, the audience does not like. They can rip you.

That's good to keep you in line. Sometimes I think it's overdone.

You will disagree with people and you should disagree with people, that you listen to.

I would feel completely lied to, if I were one of their fans.

Now, I don't know they don't have a lot of them. It's hard to know for sure.

GLENN: No. Ever since Joe's mom stopped listening.

STU: She should just listen to this show, back in the day.

GLENN: Yeah. Yeah.

STU: Sorry. If you're listening today. We love your son. I'm sure he's great.

GLENN: We love him, in the way that Jesus requires us to love him.

STU: Jesus loves the little children. All the little children of the world.

Loyal Morning Joe viewers are furious about the Trump meeting.

Jeff Jarvis.

GLENN: Oh, no. Not Jeff Jarvis.

STU: Yes. The Jeff Jarvis.

GLENN: Wow. Is he upset?

STU: I might have to click on the name Jeff Jarvis. So you know who he is.

GLENN: Of course. And he's a known cool-headed guy.

STU: Oh, really?

Enlighten me so I don't have to -- who is Jeff Jarvis?

GLENN: Jeff Jarvis.

Jeff -- did you ever see the movie from Marvel?

STU: I've seen many movies from Marvel.

GLENN: The Jarvis character was based on him. Very, very smart.

You know, just almost AI-like.

STU: Almost AI-like.

GLENN: He's that calm and collected. And informed.

STU: He says, it's a betrayal of their colleagues. Democracy. And us all.

Which, again, if you're an MSNBC viewer. Wouldn't you feel that way?

What do you mean, you're meeting with Adolf Hitler?

What are you talking about?

You just spent multiple years telling us, he didn't care about democracy. He wanted to destroy the nation.

GLENN: Can I play devil's advocate?

STU: On behalf of Joe and Mika. Or on behalf of Jeff Jarvis.

Who, by the way, is a --

GLENN: Computer AI. Yeah.

STU: I don't know what he --

GLENN: Yeah.

STU: Maybe a professor.

GLENN: Oh, wow. Okay.

STU: There you go.

GLENN: I was more impressed when he was a nonexistent computer from a movie.

The -- the -- play devil's advocate.

STU: Okay.

GLENN: You -- I would meet with -- if I was a journalist, I would meet with Hitler.

I would meet with Klaus Schwab.

STU: Uh-huh.

GLENN: I wouldn't kiss the ring.

But I would want an interview.

STU: Right. But that's not what they got. They got a private meeting. They got a dinner.

GLENN: I guess.

STU: A delicious steak dinner.

GLENN: It required me to also continue to do that. And I wouldn't get that. Unless I kissed the ring, unless I said what I really believed.

The secret here is they don't really believe that. They don't believe that.

STU: They don't believe he's Hitler.

GLENN: No.

STU: Because I think there's an argument to be made. And you kind of hit on this earlier, a little bit.

But there's an argument to be made that if you believe you can go in there, and sweet talk him.

And get him to be a little bit less adversarial toward you, that it's worth doing it.

Right? That's why -- people were always like, why do you talk to reporters when they're writing these stories about you?

Well, it's a good point. Because you never get a good story written about you if you're a conservative. But one of the reasons you do it is try to eliminate the worst parts of it, and to try to actually point them in the right direction of the truth. Most of the time, they don't take that.

But you do it, because they might have something completely false, that someone else said about you. And you can prove that it's inaccurate. And they leave it out of the piece. That happens all the time.

So maybe what they're thinking is, if we go in there and rejuvenate the friendship a little bit, remember the good old days.

GLENN: But who would watch MSNBC?.

STU: That's a great question. Is that the end of it? Because that's a great question as is.

GLENN: I know it is. But let me narrow it down even further. For those who are currently still watching it, why would you continue to watch?

STU: I know.

GLENN: Because you would be like, wait. I don't want to like Hitler. I don't want to be with Hitler lovers.

To meet with him?

STU: There's only two options here.

One is the host you love, is meeting with Hitler.

The other option is they've been lying to you, the entire time.

Why would you ever watch that show again, in either circumstance.

This is why you don't take the meeting.

This is why I'm shocked by the incentives. The incentives for Joe Scarborough here. To keep his little train going.

GLENN: It's up for sale. I think MSNBC is up for sale.

STU: They're talking about that. I think it is up for sale.

Why would you continue -- what incentive do you have really, to do this? You're failing your audience. Everyone is going to hate you and your audience, I think.

GLENN: You're just desperate to hold on.

STU: Hmm.

GLENN: And that's -- that's the only reason.

You're desperate to not lose your gig.

STU: But why would that help you?

You would think it would hurt your gig. If you're kissing.

GLENN: It will. But you're trying to inject logic into this.

STU: Right. But let me ask you this. Let me give you another crazy possibility. Is it possible they actually really do believe their rhetoric this whole time.

And they think Trump will actually pull them off the air. They're trying to get on his good side to prevent that?

Because, I mean, Trump has basically said, I will come after --

GLENN: We honestly thought. If we lost, our time would be marked. Because it wasn't just going to be us. It was going to be anybody who disagrees with the regime. That will take us out.

I wouldn't have made lovey-dovey with -- I would have never done that. I wouldn't have gone. You know, I need to see Kamala.

STU: You're not a horrible human being.

So you're not understanding their situation, exactly.

Their situation is a little different. Different incentives and thought processes.

GLENN: Sara, clip that. Because that's the only time. I worked this whole conversation to get him to say, you're not a horrible human being.

STU: Yeah. I was talking to Sara.

What do you mean?

When did Trump become COOL AGAIN?!

Glenn woke up after the weekend and suddenly, Donald Trump was cool again! Football players and MMA fighters were doing his dance. The hosts of MSNBC’s “Morning Joe” wanted to meet with him! How did this happen so quickly? And should we be concerned? Glenn gives a warning that he hopes won’t come true: Have you ever had a friend who became “cool” and then acted like they didn’t know you? Especially since Trump is surrounded by former Democrats, what are the odds of that happening? And what should conservatives do to make sure it doesn’t?

Transcript

Below is a rush transcript that may contain errors

GLENN: Gang, I don't know what happened. But like Donald Trump is cool.

STU: I mean, he's -- Donald Trump has always been cool.

There was -- up until 2006 and '15. Like it was denied for many years.

And now it seems to be back.

Right. They like this guy.

GLENN: This is who he used to be.

I can't believe this guy turned this corner so hard. That he's back to the guy who is in home alone.

You know what I mean?

STU: No. Yeah. Makes sense.

GLENN: It's nuts.

It's so crazy, that Joe and Mika.

STU: Oh, yeah.

GLENN: Are flying down to meet with him. To try to restore --

STU: No. They're not. They're just calling him fascist every day for two years.

GLENN: I know. I know.

STU: Now they're going to try to repair the relationship. This is the type of stuff that Trump loves.

Like he loves people groveling like that. That will be adorable, I can't wait for that one.

Maybe some interesting tweets, I will say, afterward.

It is interesting.

Let me ask you this. I was tossing this around with a friend this weekend.

And we were talking about how like this sort of phenomenon. Right?

Where people in sports are doing this.

And it's become kind of cool, as you know.

And I was trying to understand.

Is it a Donald Trump thing, where people are like, you know, they maybe always thought he was cool.

And they were hiding it.

And now they're coming out of hiding it.

Which is a plausible explanation.

Now, generally the Trump movement. MAGA. Generally. Is just associated with, we don't want to ruin your fun life. Right?

The left is now associated with, you can't say this. Can you imagine being in college in this environment, Glenn? Where you're joking, you're busting on everyone.

You're calling them all these -- you're saying terrible things about them. You're laughing at it. Right?

You're -- you know, you're saying bad things about people, that you don't like.

And you think it's funny.

And you're making offensive jokes.

GLENN: You're a rebel. You're a rebel.

STU: All those things.

The left now says, if you do any of that stuff, you're cancelled. Right?

When we see a clip of a guy playing volleyball and spiking a ball in a woman's face and she's injured, you're now cancelled for criticizing that.

Like just generally associated with all of this has to be this idea that you're taking away, common sense.

GLENN: Oh, yeah.

STU: It's not even like, hey, I agree with his tax policy. Or his border policy.

I think it's involved in that.

GLENN: I think it's a step further than what you're saying, and it's one of my concerns.

So, Stu, we're talking about the cool kids table.

STU: Yeah.

GLENN: You strike me as somebody who is a cool kid.

STU: No. Not at all.

GLENN: You weren't?

STU: Not even remotely close.

GLENN: Okay. So -- so -- now, maybe this is the loser table speaking here. Okay?

STU: Okay.

GLENN: But as somebody who was in the drama club.

STU: Okay. I wasn't that guy, though.

GLENN: And the choir.

STU: You know, I was a jock, I guess. But I was not like a cool kid.

But I was playing sports all the time.

GLENN: Yeah. But the cool kids wouldn't beat you up?

STU: That's true. That's true. That's true. That is accurate.

GLENN: All right. All right.

STU: And I saw like a horrible flashback over your head. Something dark.

GLENN: So for those of us who have ever been stuffed into a locker.

STU: Giant lockers are cool.
(laughter)

GLENN: So those who have us who have ever been stuffed in a locker.

Or currently thinking, where can I get a locker to stuff someone else in?

You're sitting at the cool kid's table. Have you ever -- you're sitting at the loser table. Have you ever had a friend who was a good friend, you thought.

And then they fell in the cool kids. And then they acted like they didn't know you.

STU: I've seen many '80s movies had this plot.

GLENN: So for a reason, it happens.

STU: Right.

GLENN: Maybe this is just me. Okay?

It probably just is me.

But I'm seeing him now, being so cool.

And everything happening. But he's surrounded by Tulsi Gabbard.

She's not a conservative. Okay?

Elon Musk. Not a conservative. RFK. Not a conservative.

STU: Uh-huh.

GLENN: Vivek Ramaswamy, not a conservative.

Close.

STU: He was a Libertarian.

But he's not a -- he's more of a recent convert if you would.

GLENN: Okay. So that's the pack.

That's the Rat Pack. Okay? And that's cool and everything. And I want those kids at the table.

STU: Sure.

GLENN: With the cool kids.

But I want to make sure that the cool kid doesn't forget his friends at the other table.

STU: Hmm.

GLENN: You know, the average American working person, that's like, yeah.

I -- I am not for you banning meat. If RFK wants you to do that.

You know what I mean? I'm -- I'm not -- I'm not for, you know, universal basic income.

I'm -- I'm not for some of the robots taking over the world.

Are we still -- we're still good, right? We're still good.

STU: I have concerns as well, on some of this.

Because, I mean, first of all, like it's a much better approach if you're a Democrat. To befriend Donald Trump. And, you know, support him. And then try to get these things through.

I will say, can we start here?

How about no more lifelong Democrats appointed to big positions?

I'm not saying these people are bad. They might be great. But let's just cap it. Can we cap it, at what are we now?

GLENN: I want to cap it. Just because you're a lifelong Republican, doesn't make me --

STU: You're right. I totally agree with you on that. I'm not saying every lifelong Republican is okay. What I'm saying is, you're looking for a little bit for a needle in a haystack, to find a person who for 50 years, supported far left ideology.

And changed last week? And now they have a major position?

I'm not saying you can't find the needle in a haystack. But I'm getting concerned, we're looking for too many needles.

GLENN: Now, wait a minute. Hang on just a second.

Now, let me flip this on you.

We're looking for disrupters. Okay?

Tulsi Gabbard was a disruptor in the Democratic Party.

She was the one. She didn't believe this stuff.

She was the one who went. You know what, you guys are crazy. And you're coming after me.

And you are you are using all the things against me, that the Republicans say, you use against them.

And I never believed them.

But I'm seeing you do it to me, right now.

Same thing with RFK.

They wanted to disrupt the party. They're disrupters first.

That's what we voted for. We voted for a advertise rupture of this am is.

STU: But you and I know, thousands of conservative disrupters.

We know thousands of them.

GLENN: Yeah. But not necessarily those that would -- you could get a group of them, walk into Madison Square Garden. And everybody go, wow!

STU: I agree with you.

No. You're right.

Mike Johnson is certainly no middle kid.

GLENN: No. He's not.

STU: He was like.

GLENN: He's the --

STU: Is that guy security.

GLENN: It makes me feel good.

STU: Is the security -- what's that guy doing?

GLENN: He's a complete nerd. But he's not on our side either.

STU: Yeah. But at least he -- at least he --

GLENN: At least he's what?

STU: At least he generally has a conservative voting record.

GLENN: Okay, yeah.

STU: Gavin and Musk, there's an arc there. RFK Jr was literally running for president against Donald Trump three months ago. Right?

A guy who has supported every left-wing policy under the sun, like maybe he has perfectly changed. I have very close microscope on that one.