Eurozone Chief: We will raid private bank accounts to pay for future bailouts

Well, it's pretty much what everyone expected to happen in Europe once the government made plans to use depositor's own bank accounts over $100,000 to pay for the bailout in Cyprus. In the wake of the bailout being made on Monday, a top eurozone official has now said that the Cyprus model will be used as a template for future bailout in the European Union.

Jeroen Dijsselbloem, the Dutch chairman of the eurozone, said "If there is a risk in a bank, our first question should be 'Okay, what are you in the bank going to do about that? What can you do to recapitalise yourself?"

He then added, "If the bank can't do it, then we'll talk to the shareholders and the bondholders, we'll ask them to contribute in recapitalising the bank, and if necessary the uninsured deposit holders."

The policy is a shift from the past three years where large bank accounts with over $100,000 and senior bondholders had been protected. Dijsselbloem said that the Cyprus bailout showed that private investors could be forced to pay a "haircut" for bad investment and deals by the banks.

"What they've done in Cyprus is they have closed and frozen the bank accounts. They have taken the bank accounts, frozen them.  Anybody who had $130,000 or 100,000 Euros in the bank, they have now frozen those assets and they are only going to take 30 to 40%, they believe, 30 to 40% of those assets to pay down the debt," Glenn said.

"As we told you last week or ten days ago, this was the beginning. This was the Petri dish. And as soon as they got it through Cyprus, they would do it in other countries," he explained.

"Well, they announced today...they were thinking about doing this now in Spain, in Greece, in France, and where was the other one, Stu? Italy."

Glenn explained that when the European Union started, people concerned with national sovereignty were concerned because they were giving up their self-rule. But critics shouted them down.

"Remember the guy who started the Euro, the guy who dreamt this up. He said, 'Look, we're going to start the Euro and everybody will, you know, they will still retain some of their sovereignty until there's a national emergency, until there is a banking crisis. And then we will cobble everybody together and we'll collapse it and then restart as one nation.' So I mean, this was the plan from the very beginning. That's the plan as stated by them," Glenn said.

"This is one of those things where conservatives and people who actually care about their nation's sovereignty looked like maniacs when this thing was started and complained and complained and complained that they were giving up their sovereignty and then years later when it happens, no one remembers," Stu added.

Glenn asked the audience to consider what they would do if these practices spread beyond Europe.

"So what are you going to do? When they come and they just take 50% of your 401(k), your life savings, what are you going to do?" he asked.

A recent report from Rolling Stone details a public letter sent to Spotify — signed by "270 physicians and scientists" — demanding that the platform implement a "misinformation policy" in response to Joe Rogan's recent interview with Dr. Robert Malone on “The Joe Rogan Experience.”

"This is absolute fascism," Glenn Beck said on the radio program. "There is no safe space. They're coming after talk radio. They're coming after our podcasts. They're coming after our websites."

Glenn said this is this is just one more example of the left's crackdown on freedom of speech and further prove of their ongoing fight against free thinkers or anybody who wants to have an open conversation that may include ideas contrary to what they believe.

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There is no transparency when it comes to the Biden administration, and Texas Republican Sen. Ted Cruz's recent exchange with the FBI’s Jill Sanborn is just another example. When questioned about alleged involvement the FBI had on January 6, 2021, Sanborn refused to answer almost every single time.

Do our government officials still work for us? Take a look at the latest headlines: The DOJ and U.S. Army are preparing for possible conflicts with "domestic terrorists," Biden's education secretary allegedly requested the NSBA letter that suggested treating upset parents like domestic terrorists, and President Biden said if you're not with him on the Democrats' voting bills, then you're with the Confederacy. Meanwhile, the FBI won't tell Congress whether it was involved in the the Jan. 6 Capitol riot and the corporate media insists that there's nothing to see here, especially concerning Ray Epps.

The American people are concerned, and it’s "extraordinarily disturbing" how far the federal government goes to avoid answering our questions, Glenn Beck said on the radio program. There's a very odd growing trend here: Our leaders, including the unelected ones, no longer answer to the people. This must stop now.

"The question that I have is, where is the transparency? And is anyone going to be held accountable? They are not afraid of our senators. They are not afraid of Congress," he stated. "This has got to stop. They have got to answer to the law. This is an oversight committee. Who is in charge, the FBI or the people? Once the people are not in charge and are not allowed to see the secret documents, we are toast. Toast!"

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Have you ever wondered why so many insane things are happening simultaneously RIGHT NOW? Big corporations are going woke. The stock market got red-hot during a FORCED recession. Stores like Walmart and Target were allowed to stay open during the lockdown, but mom-and-pop stores on Main Street had to close, some of them forever.

On Wednesday's "GlennTV" special, Glenn Beck explains it all in this sneak-peek episode — a primer to his new book and the upcoming explosive, in-depth special: “The Great Reset: Joe Biden & the Rise of 21st-Century Fascism.” Co-author Justin Haskins joins along with Glenn’s head writer and researcher, Jason Buttrill, to answer audience questions about a topic that the media has tried to censor and “fact-check.” You will be equipped with everything you need to know about what the global elites of the world have planned for the transformation of society and YOUR life.

Watch the full episode of "Glenn TV" below:


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After new information came out that suggests Dr. Anthony Fauci intimidated and bribed scientists into dismissing the COVID-19 lab-leak theory, Sen. Rand Paul and Fauci got into a heated debate in a Senate hearing. But instead of providing answers, Fauci accused Sen. Paul of endangering him.

Sen. Paul joined "The Glenn Beck Program" Wednesday with his response and explained why he believes "people live in fear of what [Fauci] will do to them."

"It's all about money. If you cross Tony Fauci, you don't get your money. He controls the purse strings for the entire country, the entire university system. And he's been doing it for forty years," Sen. Paul began.

"It's consistent with his arrogance, this level of arrogance that he's developed. He said several weeks ago, that he is science and any attack on him is an attack on science. Yesterday, he said anybody who opposes him is encouraging death threats," he added.

"Look, I've been on the receiving end of semi-automatic gunfire. I was 20 yards away from Steve Scalise when he almost died. I was 10 feet away from a staffer that was shot. And, you know what? The guy doing the shooting was a Bernie Sanders supporter. But not one of us, not one of the Republicans on the ball field, said, 'Oh, it was Bernie Sanders' fault.' But that's the juvenile level of personal attack that Fauci is now stooping to. He is saying that the personal threats he gets are actually the fault of his critics."

Sen. Paul continued, "But the thing is, [Fauci] needs to answer the question. Everything he did in the committee yesterday was misdirection so he didn't have to answer the question. The question was, why did he smear three scientists from Stanford, Oxford, and Harvard? Why did he smear them as fringe epidemiologists? And why did he conspire against Francis Collins to take them down in a very public way? He wouldn't answer the question."

Watch the video clip below to hear more of Glenn's conversation with Sen. Rand Paul:


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