From GBTV: Two very different opinions on how to avoid economic collapse

On GBTV Monday night, Glenn spent some time focused on the credit crisis and where the United States economy is headed. And while they both agreed America was headed for economic trouble, they had very different opinions about what could turn things around and lead to future prosperity.

He interviewed two experts who both agreed America was headed for trouble, but they had very different opinions on what the solutions were.

First he interviewed Richard Duncan, author "The New Depression."

Earlier in the week, Duncan warned that the current financial crisis was bad it ""so severe that I don’t think our civilization could survive it."

Moneynews explains:

“In order to understand this crisis, it’s necessary to understand the role that credit has played in bringing it about,” he told CNBC.

“When we broke the link between money and gold, this removed all constraints on credit creation,” Duncan argued. “This explosion of credit created the world we live in, but it now seems that credit cannot expand any further because the private sector is incapable of repaying the debt it has already, and if credit begins to contract, there’s a very real danger that we will collapse into a new Great Depression.”

Duncan noted that policymakers believe that if they allow credit to contract, there will be a new depression.

“So they are going to do whatever it takes to keep credit expanding,” he added. “And that means more quantitative easing (QE), and when the Fed does QE3, everyone knows that stock prices are going to go higher," he said.

“If this credit bubble pops, the depression could be so severe that I don’t think our civilization could survive it,” Duncan noted.

On GBTV, Duncan told Glenn that economic collapse would likely lead to banks failing, lost savings, and a breakdown in global trade. Duncan also said that because the government would have no money, the military would have have to be called home which would weaken the United States as a global power. Crime would also skyrocket.

But what's the solution? Duncan said there were three ways forward. First would be to balance the budget today, but the result would be America spinning into depression. Second, we could continue on the path we are on now for another five years until reaching a crisis on the level of Greece. Duncan said this was better than option one as "it's better to die tomorrow than die today". The third option would be to continue borrowing but to invest heavily in renewable energy and new technology in order to lock in a future of prosperity.

You can watch the interview ON DEMAND on GBTV!

After Duncan's interview, Glenn brought on former Reagan economic advisor Art Laffer, who strongly disagreed with what he called Duncan's "big government solutions". While Laffer felt like America was in economic trouble, he said that a return to Reagan-era policies would help turn things around. He also said that Romney, who he thinks will win in 2012, would take America in the right direction and it will bring back American prosperity.

"The balance of what Romney will do along with a good Republic Congress will be spectacular and you will have a boom of incredible proportions," Laffer said. He added that the prosperity could be bigger than what Reagan and Clinton brought America.

Laffer said adopting Paul Ryan's plan would help balance the budget and bring the debt down over time and increase prosperity.

"It is fixable," he said. "In ten years you really will have incredible prosperity."

WATCH:

 

There's been a lot of talk about the idea of a (peaceful) "national divorce" as the Left continues to abandon everything that made America what it is. Well, this week's guest on "The Glenn Beck Podcast" is all for that divorce. Michael Malice is the author of "The Anarchist Handbook" and host of the podcast "Your Welcome." He joined Glenn to talk about how an anarchist would peacefully take on America's greatest challenges — with a smile.

"My rights are not up for discussion," Malice told Glenn. He explained why his version of America will save America, and why, in spite of anxious talk of "national divorce," he has so much hope for the future.

Watch the video clip below or find the full episode of "The Glenn Beck Podcast" here:


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There are new curriculum standards being implemented into schools throughout the nation for health classes that not only go far beyond what's appropriate for young children, but are entrenched in clear political biases, too. Under the standards, third-graders are taught about hormone blockers and endless gender identities, and topics get shockingly graphic for kids as young as 11. Some schools are even teaching their teachers and kids to ignore what parents have to say about these topics. And the worst part may be that many parents are completely unaware what their children are being taught.

Tina Descovich, co-founder of Moms for Liberty, joined "The Glenn Beck Program" to explain exactly what you can ask at your next school board meeting to ensure this "horrifying" curriculum isn't being taught in your kid's school.

Watch the video clip below:

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It should come as no surprise that a newsworthy story receives more media coverage when released on a Monday than a Friday. The reason is in part due to a large number of news-consuming Americans checking out for the week to focus on their weekend plans rather than the news.

On Monday's radio program, Glenn Beck shared information that President Joe Biden decided to release on Friday — when fewer people would notice — regarding the Climate Finance report. This report is marketed to Americans as "A Roadmap To Build a Climate-Resilient Economy." But Glenn believes the report to be Biden's Great Reset warning shot to banks.

In this clip, Glenn warned that if Americans don't stand together, in eight years we all indeed will own nothing. Watch the clip for the full story. Can't watch? Download the podcast here.



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On today's radio program, Glenn Beck was joined by Bill O'Reilly to discuss the top stories of the week.

For O'Reilly, the biggest story this week centered around someone mysteriously missing from mainstream media news reports today: Mark Zuckerberg. Specifically, O'Reilly said it's the 'scandalous' way the Facebook CEO spent nearly $420 million to influence the 2020 election — and did so successfully.

Watch the clip to hear the full conversation. Can't watch? Download the podcast here.

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