Cyprus banks re-open, media spin is hilarious

The banks reopened in limited capacity in Cyprus today, with significant capital controls put forth by the Cyprus Ministry of Finance in order to avoid a run on the banks. These controls are supposed to be in place for the next seven days, and, according to Reuters, the Cypriot depositors will be unable to:

• Cash a check

• Withdraw more than €300 a day

• Take more than €3000 in cash per person in any currency out of the country

• Purchase more than €5000 in foreign goods and services with a credit card each month

• Make non-cash payments outside Cyprus without documentation showing they are paying for imports

On radio this morning, Glenn, Pat, and Stu broke down the ridiculousness of the situation – in particular, the media’s ‘nothing to see here’ coverage of the banks re-opening.

“They are allowing you up to 300 [euros]. It's great. Everything's fine in Cyprus,” Pat quipped. “Oh, man, you haven't been to the bank in almost two weeks and if they allow you 300 bucks, now you're set. That's fine.”

No need to worry! The media has provided some truly groundbreaking reporting today, letting us know that everything is fine on the streets of Cyprus.

“Have you seen the spin on this,” Pat asked.

“Oh, yeah, I have,” Glenn responded. “I think it's up on TheBlaze, I read it this morning, all of the tweets coming out this morning saying, ‘Guys, there's no problem’; all the journalists over there, ‘There's no problem.’”

TheBlaze compiled some of the commentary coming out of Cyprus in story posted earlier today. The Associated Press reported:

“Across Cyprus, large but orderly lines formed ahead of the opening of banks for six hours from noon, and guards from private security firms reinforced police outside some ATMs and banks in the capital, Nicosia… People filed calmly into banks across the country once they had opened, and no crowd issues were reported.”

4 News took a similar tone, with economic editor Faisal Islam reporting:

“For Cypriots, who have been struggling to cope with the bank closures that have seen cash rationed at ATMs, the reopening of bank branches was an orderly, welcome development, despite the stringent new controls on the use of cheques and the export of cash… So far, it would be wrong to call this a bank run, even though it looks like one. It’s transactional demand for cash after two week closure… Calm, dignified, and not a bank run. But impossible for it to be so, because of capital controls. Cypriots making best of bad situation.”

The Wall Street Journal took a slightly different approach, but the message from multimedia producer Dipti Kapadia was still:

“Surprisingly, little panic as Cyprus banks reopen."

While all may appear fine and dandy on the ground, Glenn explained the ramifications of the Cyprus bailout will be anything but. The larger implications of this situation allow for complete governmental control.

“Well, first of all, they are only allowing you 300 [euros],” Glenn said. “Why go to the bank? Just go to the ATM. Why even go to the bank… This is not a good situation. But, train them. Train the people: You'll take out as much as we tell you can take out. And you'll do it in an orderly fashion.”

“And you'll remove none of it from the country,” Pat added, referencing another one of the capital controls.

“That's right. That's right,” Glenn concluded. “Welcome to it, gang.”

On the radio program Monday, Glenn Beck, Pat Gray, and Stu Burguiere reacted to a recent Washington Post op-ed in which the author, Ron Charles, suggests that "as Confederate statues finally tumble across America, [and] television networks are marching through their catalogues looking to take down racially offensive content," perhaps the next items that should be up on the cancel-culture chopping block are "problematic books."

"Monuments celebrating racist traitors, which were erected to fabricate history and terrify black Americans, are not works of art that deserve our respect or preservation. Similarly, scenes of modern-day white comedians reenacting minstrel-show caricatures are not ironical interrogations of racism that we have to stomach any longer. But complex works of literature are large, they contain multitudes," Charles wrote.

He goes on to argue that "calibrating our Racism Detector to spot only a few obvious sins" is but an insidious source of self-satisfaction when compared to the process of critical debate on the values and intentions of history's literary legends.

"If cancel culture has a weakness, it's that it risks short-circuiting the process of critical engagement that leads to our enlightenment," Charles wrote. "Scanning videos for blackface or searching text files for the n-word is so much easier than contending with, say, the systemic tokenism of TV rom-coms or the unbearable whiteness of Jane Austen."

Could cancel culture really spiral all the way down to book burning? In the clip below, Glenn, Pat, and Stu agreed that this radical progressive movement is really about erasing America's history and overturning the foundation of our country. The fundamental transformation of America is happening now.

Watch the video below to catch more of the conversation:


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It's been a tough year, America. Our news media is inundating us with images of destruction, violence, and division in attempts not only to desecrate our nation, but to make us turn our backs on it. That's why now, more than ever, we need to take an up-close look at America's history to remember what it is we're fighting for and how to fight for it with practical action.

Join Glenn Beck, broadcasting from Standing Rock Ranch, as he takes us to Plymouth, Gettysburg, and Federal Hall on an important journey through America's remarkable history to inspire a brighter future. Glenn asks the hard questions of every American. Is this system worth saving? Is there a better way? Where do we go from here, and how do we answer those questions?

Featuring performances from the Millennial Choirs and Orchestras, David Osmond, a very special children's choir, and guests Bob Woodson, Tim Ballard, David Barton, Burgess Owens, Kathy Barnette, Anna Paulina Luna, and Tim Barton.

Watch the full special presentation below:


Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

"Restoring Hope" has been a labor of love for Glenn and his team and tonight is the night! "Restoring the Covenant" was supposed to take place in Boston, New York, Philadelphia, Gettysburg and Washington D.C. but thanks to COVID-19, that plan had to be scrapped. "Restoring Hope" is what was left after having to scrap nearly two years of planning. The Herald Journal in Idaho detailed what the event was supposed to be and what it turned into. Check out the article below to get all the details.

Glenn Beck discusses patriotic, religious program filmed at Idaho ranch

On July 2, commentator Glenn Beck and his partners will issue a challenge from Beck's corner of Franklin County to anyone who will listen: "Learn the truth, commit to the truth, then act on the truth."

Over the last few weeks, he has brought about 1,000 people to his ranch to record different portions of the program that accompanies the challenge. On June 19, about 400 members of the Millennial Choir and Orchestra met at West Side High School before boarding WSSD buses to travel to a still spring-green section of Beck's ranch to record their portion of the program.

Read the whole article HERE

The current riots and movement to erase America's history are exactly in line with the New York Times' "1619 Project," which argues that America was rotten at its beginning, and that slavery and systemic racism are the roots of everything from capitalism to our lack of universal health care.

On this week's Wednesday night special, Glenn Beck exposed the true intent of the "1619 Project" and its creator, who justifies remaking America into a Marxist society. This clever lie is disguised as history, and it has already infiltrated our schools.

"The '1619 Project' desperately wants to pass itself off as legitimate history, but it totally kneecaps itself by ignoring so much of the American story. There's no mention of any black Americans who succeeded in spite of slavery, due to the free market capitalist system. In the 1619 Project's effort to take down America, black success stories are not allowed. Because they don't fit with the narrative. The role of white Americans in abolishing slavery doesn't fit the narrative either," Glenn said.

"The agenda is not ultimately about history," he added. "It's just yet another vehicle in the fleet now driven by elites in America toward socialism."

Watch a preview of the full episode below:


Watch the full episode only on BlazeTV. Not a subscriber? Use promo code GLENN to get $10 off your BlazeTV subscription or start your 30-day free trial today.

Want more from Glenn Beck?

To enjoy more of Glenn's masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.