Former Treasury Secretary confirms TheBlaze’s Sept. 2013 report that Russia played a role in the 2008 financial crisis

Back in September of 2013, For The Record looked at the possibility that countries hostile to the U.S., like China and Russia, may have artificially driven up the price of oil and intentionally crashed the stocks of some financial institutions, escalating chaos prior to the 2008 economic crisis. Yesterday, a BBC report seemingly confirmed this investigation.

In a September article for TheBlaze.com, TheBlaze’s senior Washington correspondent Sara Carter explained the threat of economic terrorism to the United States.

Carter writes:

China, Russia and even Al Qaeda, among others, all have one thing in common: They believe that unconventional warfare against America’s economy is the best way to destroy our nation without actually ever having to fire a shot.

And our enemies almost made it happen in 2008.

[…]

[F]ormer senior U.S. officials disclose what the Pentagon and Washington establishment had been hoping to bury — that the near economic collapse of the United States in 2008 was not due to widespread failures in government regulations, but a planned attack to destroy our nation perpetrated by both China and Russia.

Read Carter’s entire report HERE.

Watch the initial coverage from September’s For The Record: Unrestricted Warfare below:

Six months after For The Record’s report, it appears others in the media are starting to pick up the story. In a BBC article published yesterday entitled “Russia ‘planned Wall Street bear raid’”, business editor Robert Peston describes the cynical relationship between the United States and Russia as “deep, rooted in history.” Furthermore, the relationship shows that the “triumph of capitalism over communism wasn’t the end of the power game between these two nations.”

The BBC article relies on excerpts from interviews with former U.S. Treasury Secretary Hank Paulson that were conducted for the BBC Two documentary “How China Fooled the World.” These comments didn’t make the film.

In relation to the 2008 financial crisis, particularly Fannie Mae and Freddie Mac, Paulson explained that the Chinese were the “biggest external investor holding Fannie and Freddie Securities.” As a result, China was “very, very concerned” when Fannie and Freddie began to melt down. At that moment, the Russians allegedly tried to draw up a pact with the Chinese.

“Here I’m not going to name the senior person, but I was meeting with someone… This person told me that the Chinese had received a message from the Russians which was, ‘Hey let’s join together and sell Fannie and Freddie securities on the market,’” Paulson explained. “The Chinese weren’t going to do that but again, it just, it just drove home to me how vulnerable I felt until we had put Fannie and Freddie into conservatorship [the rescue plan for them, that was eventually put in place].”

While Paulson clarified that “this guerrilla skirmish in markets by the Russians and Chinese didn't happen,” Peston believes Paulson’s comments are “pretty jaw-dropping stuff.”

“The Chinese told Hank Paulson that the Russians were suggesting a joint pact with China to drive down the price of the debt of Fannie and Freddie, and maximize the turmoil on Wall Street - presumably with a view to maximizing the cost of the rescue for Washington and further damaging its financial health,” Peston writes.

Read the entire BBC report HERE.

As we watch the Obama Administration flounder on the world stage – especially in relation to crisis in Ukraine – Glenn warned of the consequences on radio this morning.

“Hank Paulson came out and… verified… Russia tried to collapse the United States in 2008… We had [the story], and it was one of those things we were mocked for. For the Record had it in absolute iron-clad spades,” Glenn said. “So we know that Putin has designs on collapsing the United States of America. That's not Glenn Beck. That's Hank Paulson, our [former] treasury secretary.”

As Glenn explained, this report should come as no surprise to anyone familiar with history. The tactics used by the United States collapse the Soviet Union are the same tactics now being by Russia to collapse the U.S.

“We know [Putin] wants to actively engage in collapsing the United States of America, so what do you do? Well, you spend us into oblivion. Stretch us really thin. This is not a new theory. We know this works because we did it to them. We are so stupid. We don't even recognize our own pattern. This is how we collapsed [the Soviet Union],” Glenn explained. “We worked with anyone who would take them apart anywhere in the world. That's how we did it. And then Ronald Reagan went and just schooled their premiers and just made them look like bumbling idiots on the world stage. And that thing closed down.”

Unfortunately, our current President is more concerned about fighting back against the personal attacks he is facing than looking at how dire the situation actually is.

“So what are they doing to us? What's happening to us right now,” Glenn asked exasperatedly. “And our President is making this into a personal attack. Our President, instead of being a statesman, decided to make it about seven people who don't even have any assets. John Kerry comes on the world stage, ‘You had better do this. Otherwise, there will be real consequences!’ Real consequences against seven people who don't even have assets outside of their general country?”

“That's right, Glenn,” Pat responded with his best John Kerry impersonation. “Who's laughing now?”

“The world,” Glenn concluded.

Learn more about the economic warfare threats the United States faces by watching For The Record: Unrestricted Warfare. TheBlaze TV subscribers can watch the episode on-demand HERE. Not a subscriber? Start your 14-day free trial HERE.

The House approved a new aid package for Ukraine of nearly $40 billion, which will increase the total U.S. funding for Ukraine's war efforts to a whopping $58 BILLION since March, if the package passes in the Senate. Meanwhile, DHS Secretary Alejandro Mayorkas testified before Congress that the Biden administration is considering diverting resources away from an already-struggling VA (Department of Veterans Affairs) to deal with the border crisis.

"I am not making this up -- this will [make] your head explode," Glenn Beck said in the radio program Thursday. "They are going to divert costs; the Biden administration is taking money from the VA. Now already, our veterans get seconds, and we are [considering] diverting VA funding, and doctors, and nurses, away from our vets and to the migrants at the border, so we can take money that we don't have, $58 billion, and send it to Ukraine. What the hell is wrong with us?"

"Now, some Republican lawmakers are attempting to fight this," he added. "But, most people haven't even heard of this. This is how the atrocities at the border go unchecked. Biden sweeps it all under a rug. The mainstream media covers it up. And, meanwhile, people suffer and die. And in this case, it's not only the people on the border, but it is also our veterans in VA hospitals."

Glenn went on to detail the unreported deadly consequences of Biden’s border policies which have led to enough fentanyl to kill millions of Americans pouring across the border and terrorists having found easy paths into our country.

Watch the video clip below to hear more from Glenn:

Can't watch? Download the podcast here or listen to the episode highlights 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.

Corruption, greed, and death. This is what the Left’s border policy is REALLY about, not the humanitarian effort they claim it is.

On tonight's episode of "Glenn TV," Glenn Beck exposes the groups benefitting from the border chaos under the Biden administration. A leftist money supply flows to NGOs on the border that are now taking the roles that the government should be filling with immigration and helping immigrants to flood into the U.S. Glenn asks: Why is the U.N. funding the flow of migrants to our border and subverting Congress? Why are former Biden staffers working for “non-profits” that are now getting exclusive, HIGHLY irregular multimillion-dollar border contracts? Worse than that, the consequences of Biden’s border policy have now turned deadly. National Guard members at the border are dying, fentanyl from China pours across the border, and terrorists have found an easy path to enter our country.

Finally, Glenn asks Texas Rep. Chip Roy if it’s time to impeach DHS Secretary Mayorkas for his negligence that is costing American lives.

Want more from Glenn Beck?

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I can no longer relate to the modern pro-choice woman. I don’t want to shout my abortion. I want to pretend it never happened. Up until the SCOTUS leak, I had done a pretty good job of burying my 20-year secret. But the Roe v. Wade information earthquake triggered an eruption. I can no longer pretend to be ambivalent or leave it to blue-check pro-lifers to speak for me. My days of repeating the “safe, legal, and rare” mantra like a good, GenX libertarian feminist are over.

Some pro-abortion activists call their life-ending procedure “self-care,” like they just booked a hot stone massage or a facial at a spa. This is a polite euphemism many women tell themselves – not because we are cold-blooded killers, but because it’s how we survive. We HAVE to lie in order to justify what is actually taking place. Denial is a protective coating, a barrier from the truth. Remember, any woman born after Roe v. Wade has been programmed to believe that abortion is a natural-born right. “It’s legal; therefore it must not be evil. This is a medical procedure. Women do it every day.” Planned Parenthood has a nice way of describing abortion on its website: “A doctor uses a combination of medical tools and a suction device to gently take the pregnancy tissue out of your uterus.” “Gently take the tissue out.” Benign euphemisms that wrap our hearts and minds in a suffocating cocoon. Benign euphemisms to keep us in line.

I was raised in the Bible Belt and to believe that sex before marriage was the gravest of sins. You’d be better off robbing a store by pistol than to be caught fornicating with a boy. And yet I did fornicate with a boy. No boy I’d ever be proud to bring around to my parents. I never gave him the option to talk me out of it. I just demanded he pay half for the procedure and never speak of it again. I told myself it would be easier to survive the hidden shame of the abortion than wear the shame of my sin on my belly for the next nine months.

...the pill I took made an ugly, painful mess, and it didn’t finish the job.

I took the so-called “easy” way out at six weeks along and swallowed a pill I got from some abortionist who gave me the creeps. He was no medical saint like the one portrayed in “The Cider House Rules,” nobly saving women from coat-hanger abortions. The doctor in my story made a quick buck at the expense of terrified “good girls.” Years later I would learn he kept aborted fetuses in buckets and was under investigation for shady medical practices. I couldn’t leave his clinic fast enough, but at least I wouldn’t have to miss work or skip my college classes. I could finish my degree and still make my parents proud. How convenient. But the pill I took made an ugly, painful mess, and it didn’t finish the job. Now I had to see a real obstetrician, get an ultrasound, and deal with the aftermath.

This doctor’s office was nicer. It had bright lights and pink walls. Although my doctor was professional, I still felt the quiet judgment in her voice. I refused to look at the image of my tortured fetus on the screen. I knew what it would mean if I did – my feminist career ambitions would lose the battle to my soul if I looked at that baby. The doctor told me the fetus was still viable but likely mentally damaged. The “kinder” thing to do would be to finish the job at an in-clinic abortion. End the fetus’ suffering and end my own self-torture. I woke up from anesthesia to learn the abortion was complete. It’s over so quickly, but the internal conflict hangs. And hangs.

You find weird ways to cope. Not long after, I discovered an abandoned robin’s egg, still perfectly intact. I wrapped it in a sock and carried it with me for over a decade. If I couldn’t do right by my own child, maybe I could keep this unhatched egg safe. Eventually, I had to come to terms with the fact that the bird egg was dead, and I got therapy. He was a good New York psychologist. Secular, liberal, tolerant. He helped me to forgive myself, but I always knew who I really needed to ask for forgiveness …

It’s easy for a young woman with all those stockpiled eggs in her ovaries to be pro-choice. She can toss away the miracle of life like a rotten banana or a bruised apple because it is easily replaced. It wasn’t until I was forced to confront the mortality of my own fertility that I felt the full force of my regret.

But I do not write this letter to achieve redemption or to be the new face of the pro-life movement. You will not see me pleading with women outside an abortion clinic. You will not see me protesting with a cutesy, homemade sign at the March for Life. You will not see me sparring on Twitter, confronting baby-killers with cold, hard facts. For now, you will not even know my name. I suppose this is not very brave, but my story is not complete and God’s work in me is in an active state. Mine is a modest mission: Maybe if I’m honest about my own wounds, I can help other women like me to heal. Maybe I can love the terrified, knocked-up woman in the Bible Belt who believes the best worst lies our society has ever told, better than any conservative talk show host ever could.

The SCOTUS leak ripped a band-aid off a festering 50-year-old wound.

The SCOTUS leak ripped a band-aid off a festering 50-year-old wound. It’s naive to think we will fix this mess for the unborn overnight and deprogram men and women plugged into 50 years of slick, well-packaged lies. Slavery was legal in the U.S. for over 200 years before we fought a war to end it. And it was another 100 years before we ended state-sanctioned racism.

When it comes to the issue of defending innocent life, I know it’s hard to be patient. This is a clear battle of good vs. evil for many on the right, but you need allies like me – the former “safe, legal, and rare” pro-choicers who are afraid to come out of the shadows. Afraid to become a political prop in the culture wars, but willing to do the quiet missionary work in our back yards.

I hope for the day future progressives look back in horror at today’s progressives fighting to keep abortion on demand. I hope for the day the New York Times publishes the pro-life version of the 1619 Project. Maybe they’ll call it the “1973 Project,” “whose mission is to reframe the country's history by placing the consequences of abortion and the contribution of the pro-life movement at the very center of our national narrative.”

Until that day, I want to help these women to be braver than me. To see beyond their impossible tomorrow. If I had allowed someone the chance to help me be brave, I might not have had the same successful career, but I would have a 20-year-old son or daughter in whom to invest this unexplained overflow in my heart.

Dear EV drivers: Think you're safe from soaring gas prices? Think again.

Image source: (Left) Smith Collection/Gado/Getty Images (Right) Video screenshot

Diesel fuel prices have surged to record levels, adding to already record-high inflation in the U.S. But most Americans don't drive cars that run on diesel, and many have turned to electric vehicles (EVs) to avoid the ever-increasing pain at the pump. So, how would diesel supply shortages — and the resulting sky-high prices — affect you or your budget?

On the radio program Monday, Glenn Beck explained why every American should be concerned about the rising cost of diesel.

"Diesel fuel is the fuel that powers the economy," Glenn began. "How does that work? Well, let's start over in China. You want something from China, you have to put it onto a big boat, a slow boat from China, and that's powered by diesel.

"Then, it gets to our docks," he continued. "You know all of those big cranes and everything else that take that crap off of the ship and then put it on the ground? Run by diesel. And then the forklifts that come and pick it up and then bring it over to the train, those run on diesel. And then the train, those engines, they run on diesel. And then the trucks that get it halfway across the country from the train where they're picked up again by the forklifts, run by diesel. Then they're put into another truck, also run by diesel."

"I sure hope all the people bragging about their electric cars as gas prices skyrocket have a backup plan for their food too. Because as diesel prices go crazy, so does the price of EVERYTHING," Glenn posted on Twitter.

Watch the video clip below to hear Glenn explain how diesel supply shortages will affect all of us:

Can't watch? Download the podcast here or listen to the episode highlights 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.