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.”

Fox News senior meteorologist Janice Dean is perhaps even more disgusted with New York Gov. Andrew Cuomo (D) for his coronavirus response than BlazeTV's Stu Burguiere (read what Stu has to say on the subject here), and for a good reason.

She lost both of her in-laws to COVID-19 in New York's nursing homes after Gov. Cuomo's infamous nursing home mandate, which Cuomo has since had scrubbed from the state's website and blamed everyone from the New York Post to nursing care workers to (every leftist's favorite scapegoat) President Donald Trump.

Janice joined Glenn and Stu on the "Glenn Beck Radio Program" Tuesday to ask why mainstream media is not holding Gov. Cuomo — who recently published a book about his leadership during the COVID-19 pandemic — accountable?

"I'm vocal because I have not seen the mainstream media ask these questions or demand accountability of their leaders. [Cuomo] really has been ruling with an iron fist, and every time he does get asked a question, he blames everybody else except the person that signed that order," Janice said.

"In my mind, he's profiting off the over 30 thousand New Yorkers, including my in-laws, that died by publishing a book on 'leadership' of New York," she added. "His order has helped kill thousands of relatives of New York state. And this is not political, Glenn. This is not about Republican or Democrat. My in-laws were registered Democrats. This is not about politics. This is about accountability for something that went wrong, and it's because of your [Cuomo's] leadership that we're put into this situation."

Watch the video excerpt from the show 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.

As America grows divided and afraid to disagree with the Democrats' woke plan for America, Megyn Kelly is ready to fight back for the truth. For nearly two decades, she navigated the volatile and broken world of the media. But as America leans on independent voices more than ever, she's breaking new ground with "The Megyn Kelly Show."

She joined the latest Glenn Beck Podcast to break down what's coming next after the election: Black Lives Matter is mainstream, leftists are making lists of Trump supporters, and the Hunter Biden scandal is on the back burner.

Megyn and Glenn reminisce about their cable news days (including her infamous run-in with then-presidential candidate Donald Trump) and to look into the chaotic and shady world of journalism and the growing entitlement it's bred. For example, many conservatives have been shocked by how Fox News handled the election.

Megyn defended Fox News, saying she believes Fox News' mission "is a good one," but also didn't hold back on hosts like Neil Cavuto, who cut off a White House briefing to fact check it — something she never would have done, even while covering President Obama.

Megyn also shared this insightful takeaway from her time at NBC: "Jane Fonda was an ass."

Watch the full podcast here:

Want to listen to more Glenn Beck podcasts?

Subscribe to Glenn Beck's channel on YouTube for FREE access to more of his masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, or subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

Glenn Beck has had enough of exposing scandal after scandal, just to have everyone look the other way: Benghazi, Hillary Clinton's emails, Joe and Hunter Biden's dealings in Ukraine and China … the list goes on, but no consequences are paid. Now, the media have called the election for Joe Biden and insist no one can question it. But for many of the more than 71 million people who voted for President Trump, our search for the truth isn't over yet.

On his Wednesday night special this week, Glenn called out the left's long list of alleged corruption that has gone unchecked and stressed that Donald Trump's legal team must be allowed to go through the process of investigating the multiple allegations of election fraud to ensure our voting systems are fair.

"I don't know about you, but I'm tired. I am worn out. I am fed up!" Glenn said during his opening monologue. "I've had enough. I am tired of exposing corruption, doing our homework, even going overseas and having documents translated to make sure they're exactly right, [and] presenting the evidence ... except, once we expose it, nothing happens. Nobody goes to jail. Nobody pays for a damn thing any more!"

Watch the short video clip from the full show below:

Because the content of this show is sure to set off the Big Tech censors, the full episode is only be available on BlazeTV. The election and its aftermath are the most important stories in America, so we're offering our most timely discount ever: $30 off a one-year subscription to BlazeTV with code "GLENN."

While the mainstream media has called the election for Joe Biden, Glenn gives a rallying cry to conservatives. Many of the over 71 million people who voted for President Trump are split between frustration and an urge to do something. The multiple allegations of election fraud are largely out of our hands, and Donald Trump's legal team must be allowed to go through the process to ensure our voting systems are fair.

But that doesn't mean we have to sit on our hands. There is an urgent need to focus on the ongoing Senate races. Glenn has warned us of the Left's radical plans should they sweep this election, and the wolves are already descending on Georgia.

On his Wednesday night special, Glenn reveals the desperate measures they're taking to win two Georgia runoff races in January and claim the Senate. Senator Mike Lee joins to warn what will happen to the country if Chuck Schumer becomes Senate majority leader and why we must have a transparent process so that Americans can trust the final count.

Later, Glenn reveals a new project for Americans who are not ready to roll over and let the Marxists win the battle for our country.

Watch a video clip from tonight's show below:

WATCH the full special on BlazeTV. The election and its aftermath are the most important stories in America. That's why we're offering our most timely discount ever: $30 off a one-year subscription to BlazeTV with code "GLENN." With BlazeTV, you get the unvarnished truth from the most pro-America network in the country, free from Big Tech and MSM censors.