Market technician’s bold prediction: Current stock market rally is ‘the bubble to end all bubbles’

According to the Wall Street Journal, it may be “the bearish call to end all bearish calls.” United-ICAP chief market technician Walter Zimmerman believes 2014 will be the year of “major reversals,” with the Dow Jones Industrial Average beginning a two-year decline that could cause a dip to below 5,000.

“[This is] a guy who we used to talk to a lot at Fox,” Glenn said of Zimmerman on radio this morning. “He would come on the air with us just to do technical stuff. And he would say, ‘Glenn, you are a little extreme on what you are willing to say on the air… I see the same direction, but I'm not really sure that it's as bad as you think it is.’ This is the guy who has just made this call: I believe that the Dow Jones is going to start a two-year decline which could eventually take it down more than 70%.”

In a letter to his clients, Zimmerman predicted the Dow could very well rally another 4% or so – reaching a high of around 17,150 – before the great reversal begins.

“Based on our longer-term time cycles the present stock market rally must be considered the bubble to end all bubbles,” Zimmerman wrote.

“The Dow Jones hasn't seen those levels since 1995. If the Dow does this, it's going to wipe out the savings pretty much of everybody who is elderly,” Glenn said. “I mean what's going to happen? You have saved your money. You put it in stocks. What's going to happen to you now?”

While Social Security was supposed to offer a safety net of sorts for senior citizens, Glenn questioned what people would be left with if the stock market crashes and the U.S. dollar is completely devalued.

“The reason why we have Social Security is because we were told that the stock market is so unstable… So you have to have the government to stand in,” Glenn concluded. “Well, what happens when the dollar has been so devalued by our government? Now nothing is worth anything.”

Front page image courtesy of the AP

Eric Weinstein, managing director of investment firm Thiel Capital and host of "The Portal" podcast, is not a conservative, but he says conservative and center-right-affiliated media are the only ones who will still allow oppositional voices.

On "The Glenn Beck Podcast" this week, Eric told Glenn that the center-left media, which "controls the official version of events for the country," once welcomed him, but that all changed about eight years ago when they started avoiding any kind of criticism by branding those who disagree with them as "alt-right, far-right, neo-Nazi, etc.," even if they are coming from the left side of the aisle. But their efforts to discredit critical opinions don't stop there. According to Eric, there is a strategy being employed to destroy our national culture and make sure Americans with opposing views do not come together.

"We're trifling with the disillusionment of our national culture. And our national culture is what animates the country. If we lose the culture, the documents will not save us," Eric said. "I have a very strongly strategic perspective, which is that you save things up for an emergency. Well, we're there now."

In the clip below, Eric explains why, after many requests over the last few years, he finally agreed to this podcast.

Don't miss the full interview with Eric Weinstein here.

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Glenn Beck: Why MLK's pledge of NONVIOLENCE is the key to saving America

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Listen to the Rev. Dr. Martin Luther King Jr.'s pledge of nonviolence and really let it sink in: "Remember always that the nonviolent movement seeks justice and reconciliation — not victory."

On the radio program, Glenn Beck shared King's "ten commandments" of nonviolence and the meaning behind the powerful words you may never have noticed before.

"People will say nonviolent resistance is a method of cowards. It is not. It takes more courage to stand there when people are threatening you," Glenn said. "You're not necessarily the one who is going to win. You may lose. But you are standing up with courage for the ideas that you espouse. And the minute you engage in the kind of activity that the other side is engaging in, you discredit the movement. You discredit everything we believe in."

Take MLK's words to heart, America. We must stand with courage, nonviolently, with love for all, and strive for peace and rule of law, not "winning."

Watch the video below for more:

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Conservatives are between a rock and a hard place with Section 230 and Big Tech censorship. We don't want more government regulation, but have we moved beyond the ability of Section 230 reforms to rein in Big Tech's rising power?

Rachel Bovard, Conservative Partnership Institute's senior director of policy, joined the Glenn Beck radio program to give her thoughts and propose a possibly bipartisan alternative: enforcing our existing antitrust laws.

Watch the video below:

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Dan Bongino, host of The Dan Bongino Show, is an investor in Parler — the social media platform that actually believes in free speech. Parler was attacked by Big Tech — namely Amazon, Apple, and Google — earlier this week, but Bongino says the company isn't giving up without a fight. In fact, he says, he's willing to go bankrupt over this one.

Dan joined Glenn Beck on the radio program to detail what he calls a "smear" campaign behind the scenes, and how he believes we can move forward from Big Tech's control.

"You have no idea how bad this was behind the scenes," Dan told Glenn. "I know you're probably thinking ... well, how much worse can the attack on Parler have gotten than three trillion-dollar companies — Amazon, Apple, and Google — all seemingly coordinated to remove your business from the face of the Earth? Well, behind the scenes, it's even worse. I mean, there are smear campaigns, pressure campaigns ... lawyers, bankers, everyone, to get this company ... wiped from the face of the earth. It's incredible."

Dan emphasized that he would not give up without a fight, because what's he's really fighting for is the right to free speech for all Americans, regardless of their political opinions, without fear of being banned, blacklisted, or losing jobs and businesses.

"I will go bankrupt. I will go absolutely destitute before I let this go," he said. "I have had some very scary moments in my life and they put horse blinders on me. I know what matters now. It's not money. It's not houses. It's none of that crap. It's this: the ability to exist in a free country, where you can express your ideas freely."

Watch the video below to hear more from Dan:

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