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.

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

Photo by Hulton Archive/Getty Images

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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