QE infinity? Marc Faber predicts Fed could print $1 trillion a month

During an appearance on CNBC yesterday, Marc Faber said investors are asking the wrong question about when the Federal Reserve will taper its massive bond-buying program (QE). Instead, investors should be asking when the central bank will be increasing the program. Faber, the publisher of The Gloom, Boom & Doom Report, has been predicting “QE infinity” for quite some time now.

“I want to play a piece of audio from Mark Faber. He was on CNBC. He is a financial analyst. And he's not known for being, you know, Mr. Sunshine,” Glenn said on radio this morning. “But I will tell you this: I think this is accurate. Listen to what he said on CNBC.”

Glenn was quick to point out that the program Faber is talking about is quantitative easing or QE, and, because the media seldom talks about it, very few Americans actually know what the term means.

“He is talking about the Fed and quantitative easing. And if you don't know what quantitative easing means, you are not alone. Most people don't know what it means because the media has never really explained it in clear terms because once they explain it in clear terms, and Americans really find out what it is, then the whole thing falls apart,” Glenn said. “But you have to be ahead of the curve because first comes quantitative easing, then comes hyperinflation. When you hear the words, re-hypothecation, hyperinflation will follow, and that is the end of the dollar. So he's talking about quantitative easing. Quantitative easing is just fancy progressive bull crap talk for printing money – something that the Fed said, under oath, they would never do. And so they didn't. They digitized money.”

Instead of printing money each month, the Fed currently digitizes $85 billion a month by purchasing bonds. As Faber explained, this number can really only go up from here because "every government program that is introduced under urgency and as a temporary measure is always permanent."

FABER: The Feds have boxed themselves into a position where there's no exit strategy. The question is not tapering. The question is: At what point will they increase the asset purchases to say $150 [billion], $200 [billion], a trillion dollars a month. That is the question.

With no exit strategy in sight, Glenn offered his thoughts on what to would do if we were really serious “about not having the United States of America drown.”

“If you wanted it to survive, you would say, look, gang, we have to stop on some of these spending things. But it’s so much deeper than that now. We are in deep, deep trouble,” Glenn said. “And I know this is unpopular, but the first thing that I'm going to do, I'm putting up all of the land for sale. All of the land of the United States government owns.”

In Glenn’s plan, the sale would first be open to U.S. citizens only. But the plan is not without its flaws. Selling the land a national park or monument occupies would cause major tension within the states.

“The first squabble will be, the states will say, wait a minute. You can't do that. You took the land from us in the first place. That land belongs to me,” Glenn said. “So there would be all kinds of legal squabbles. But you put that land up for sale and maybe you put that land up for sale first so everybody in the state. And then you give the states a piece of it. But that's the first thing that you do.”

The next step toward righting the economy would involve looking at how much money the U.S. holds in shale and then sell the land the shale sits on to the highest bidder in the private sector.

“The second thing that you do, you get somebody out there to estimate how much money do we have in shale,” Glenn said. “You find a survey on how much is estimated underneath that [land], and you sell it. You can pay off the national debt.”

It is estimated that if you add up the value of the land and assets of the U.S. government, it would be worth somewhere in the $150 trillion range. While there is not even that much currency currently in circulation, the U.S. only needs $17 trillion to pay off its debt.

“If you could take $5 trillion off the national debt, you would send a message to the world. We were serious. And that would stabilize our country,” Glenn said. “That's the kind of thinking that we need. We need not somebody who is going to go in there and say, ‘We're going to reduce by two percent.’ No. We need $10 trillion off the debt. And we need it off this debt right now.”

“It's time for an adult to step into the room and say, guys we're doing this… Every single father in the history of the world has had to look at his family at some point and say, ‘Kids, we are moving. I'm sorry, dad lost his job. Mom has had a hard time. Enough is enough. We're selling the house because we have no choice. It will be okay,’” he continued. “That's who I am looking for. Anybody know that person? You let me know because that's who I'm going to back. If somebody has the courage, the conviction and an actual solution – not a nibbling around the edges… Big ideas. Big solutions.”

We've heard a lot about critical race theory lately, and for good reason: It's a racist ideology designed to corrupt our children and undermine our American values. But most of what we see are the results of a process that has been underway for decades. And that's not something the mainstream media, the Democrat Party, and even teachers unions want you to know. They're doing everything in their power to try and convince you that it's no big deal. They want to sweep everything under the rug and keep you in the dark. To fight it, we need to understand what fuels it.

On his Wednesday night special this week, Glenn Beck exposes the deep-seated Marxist origins of CRT and debunks the claims that it's just a harmless term for a school of legal scholarship. Newsweek opinion editor Josh Hammer joins to argue why we must ban critical race theory from our schools if we want to save a very divided nation.

Watch the full "Glenn TV" episode below:

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On the radio program Monday, Glenn Beck blasted the Democrats — and anyone else on the left — who have been so eager to open our southern U.S. border for the past several months, but also willing to turn a blind eye to the Cuban people in need of help today.

"While we are welcoming people from any country, all over the world, without any kind of information, and setting them into our country, putting them on American planes paid for by American taxpayers," Glenn began. "And our Coast Guard Cutters are turning these [Cuban] people away. Shame on you! Shame on you!"

Glenn said that he's "sick and tired" of hearing about "brave" leftist activists like Colin Kaepernick, who protest the America flag while wearing Che Guevara and Fidel Castro t-shirts. Meanwhile, the Cuban people are risking their lives by taking to the sea to escape their oppressive regime and come to America.

"Anybody who glorifies Che doesn't know their ass from their elbow. You can't call them a human rights activist. You're protesting the American flag, because you so deeply believe in the right to be free? And yet, you wear a Che T-shirt?" Glenn said.

Glenn went on to argue that, even though the left has "bastardized" the meaning of our country, he still believes America is the best nation on Earth. In fact, he'd give up his citizenship "in a heartbeat" if another country could prove to be better, more noble, and more free. But no other nation exists like ours, he said, which is why it's so imperative we fight for freedom here, in Cuba, and around the world.

Watch the video clip below to hear Glenn explain:

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There's a new "reality" spreading, and the mere act of questioning it has become incredibly dangerous, Wall Street Journal investigative journalist Abigail Shrier told Glenn on the most recent episode of "The Glenn Beck Podcast."

Shrier's book, "Irreversible Damage: The Transgender Craze Seducing Our Daughters," exposes the radical gender activism that — like critical race theory — has overtaken our children's schools and culture. But even worse, she warned, it could end your parental rights for good.

Shrier made it clear she is by no means "anti-trans," but simply speaking up against the extremes of this new "reality" has made her enemy No. 1 to many activists. Her book has been bashed so hard by the Left that Target has stopped selling it twice, Amazon once banned ads for it, and the American Booksellers Association even called sending it to others "a serious, violent incident."

In the clip below, Shrier explained why she believes "there may be no hope for the public school system."

"You have teachers behaving like activists across the country who have no interest in actually teaching. They believe their job is to remake your child," she asserted. "We're seeing so much evidence of that, I think it's fair to say that it may be too deeply rooted in the ideology being taught in public school. I'm not sure that the public school system is redeemable at this point."

Watch the video clip below for more or find the full podcast with Abigail Shrier here:

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What is actually in Texas' new GOP-led voting bill? Nearly every Texas House Democrat fled the state to block its passage, calling it racist and oppressive, and President Joe Biden backed them as well.

But Texas Gov. Greg Abbott (R) joined Glenn Beck on the radio program Friday to set the record straight and call out the lies: All of these claims are "completely false." He also explained his promise to "arrest" the Texas House Democrats when they return to the Lone Star State.

"What is in the bill is completely different than what they're saying, what Kamala Harris is saying, what President Biden is saying. What's in the bill actually increases the number of hours that people have to vote in the state of Texas. In the state of Texas, we have at least 12 days of early voting, and we are adding hours to those days. And on top of that, we are giving people time off from work to be able to vote. Bottom line, we're making it easier to vote in the state of Texas," Gov Abbott explained.

"In comparison, Delaware — the state that President Biden votes in — has exactly zero hours of early voting," he added. "That said, there is one thing that we're doing in the state of Texas, and that is we're making sure we tighten the reins on mail-in ballots that can lead to voter fraud. And it's not me saying that. It's a federal judge, appointed by Barack Obama, in Corpus Christi, Texas, who wrote in a legal opinion that voter fraud occurs, quote, in abundance as it concerns mail-in ballots. We know. Texans know. There is fraud in mail-in ballots in the state of Texas. It must be fixed. That's one thing we're trying to do. That being said, all these claims that we're denying people the right to vote and yada, yada, yada, are completely false."

Abbott went on to discuss the much-debated voter ID laws in Texas and to explain why Democrats insist on calling basic voter ID requirements "racist."

"When Democrats do not have truth on their side, they resort to one single word and that is 'racism' ... Texas implemented voter ID almost a decade ago, and when we went through that fight, what word did they use? Racism," he said. "Guess what? After Texas imposed voter ID requirements in the state of Texas, there have been more people voting and more people of color who went to vote. Voting didn't get harder. It got easier and more abundant in the state of Texas. And so, once again, Democrats have absolutely no legal standing, other than to say, 'racism.'"

Glenn asked Gov. Abbott to explain his pledge to "arrest" the Democratic lawmakers that fled once they return to Texas.

"Let me explain how this works. So, whenever there is a break of quorum, which is what is happening now — meaning there is not a sufficient number of people who are showing up to the Texas House of Representatives for the Texas House to engage in business. Whenever there's a quorum break like that, the House issues what's called a 'call on the House.' And when that happens, the sergeant-at-arms is authorized to work with the Texas Department of Public Safety, to — you can call it arrest, apprehend, whatever you want to call it — any of the members who are not in the Texas House of Representatives and bring them to the Texas House where they will be 'cabined' with no ability to leave the Texas House chamber, without a permission slip from the speaker."

Watch the video clip below for more details:

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