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.

Bill O'Reilly joined "The Glenn Beck Program" Friday to discuss a recent House Homeland Security Committee briefing on the impact of the 9/11 terror attacks, during which "national security experts" claimed "right-wing" groups pose a greater threat to the United States than groups like the Taliban or Al-Qaeda.

Glenn played two video clips from the briefing that showed Senior Fellow Brookings Institute Center for Middle East Policy, Daniel Byman, and former National Intelligence Council Chair during the Obama administration, Christopher Kojm, in apparent agreement that "right-wing extremists" are a bigger threat to Americans today than "jihadists."

"I'm someone who has written extensively on both jihadist groups, but also right-wing, white supremacist groups," Byman says in the first video clip. "And in my mind, there's no question that today in the United States, the right-wing and white supremacist violence is a much greater risk."

"I agree with your assessment and those of my colleagues who have spoken already, there's little doubt that the domestic terrorist threat from white nationalists and right-wing extremist groups is greater than the jihadist threat today," Kojm states in the second clip.

"Who are those idiots?" O'Reilly exclaimed. "It's just unbelievable ... they're not even in the same universe. Yeah, there are bad neo-Nazi Americans running around, yeah, but there are very few of them. I mean, the jihadists are causing death and destruction, death and destruction all over the world. Not just in the United States. These people are so blatantly irresponsible and ignorant, it's just staggering."

Watch the video clip below to catch more of the conversation:

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The Biden administration was recently caught lying about the White House dog, Major, and his history of biting Secret Service agents, according to newly released emails.

On "The Glenn Beck Radio Program," Glenn argued that, if the current administration is willing to lie about something so meaningless to the American people, what else are they willing to lie about? For instance, the State Department claims that there are only about 200 American citizens left in Afghanistan who want to be evacuated. But Glenn has heard very different reports from people on the ground. Is it safe to assume they're currently lying to us about all kinds of things — from the "new and improved" Taliban, to the number of Americans left behind in Afghanistan?

Watch the video clip below for more details:

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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.

Tonight on "Glenn TV," Glenn Beck outlines everything that led up to the chaos in Kabul in a blow-by-blow takedown that SHOULD lead to massive resignations within the Biden administration and top military brass. Americans died. Americans are – TO THIS DAY – still stranded, and it is ALL on President Joe Biden.

Glenn interviews The Nazarene Fund's Rudy Atallah who gives an update on the total rescue numbers and details the obstacles he's had to overcome with the State Department. He explains why he believes they are thwarting private sector rescue efforts and says the numbers of Americans begging to be rescued are in the thousands — not hundreds — and "will exceed any number that has come out of Jen Psaki's mouth." While The Nazarene Fund rescue efforts continue in a more perilous Afghanistan, Rudy reveals another terrifying obstacle: Chinese and Russians resources deployed to assist the Taliban in rounding up church leaders, women, journalists, and lawyers who put terrorists away.

Glenn also interviews Tim Kennedy, an Afghanistan war veteran and president of Sheepdog Response who partnered with SaveOurAllies.org to sneak past the Taliban and bring thousands to safety. He details the moment the bomb went off when he was on the ground at the Kabul airport and addresses the Taliban kill list. "They will kill babies, execute women, and cut your tongue out. That's just the G-rated stuff."

Watch the full episode of "Glenn TV" below:


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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.

On the radio program Wednesday, Glenn Beck, Stu Burguiere, and Pat Gray ripped into President Joe Biden's latest speech in which our commander in chief touted the Afghanistan withdrawal as an "extraordinary success" that was "designed to save American lives" — despite the loss of 13 of America's finest, our military equipment in the hands of our enemies, and scores of Americans and allies still trapped in Afghanistan.

"This was not a success by any stretch of the imagination and people need to be held accountable," Glenn asserted. "Because if this is allowed to stand, and these people are just allowed to continue on with no ramifications, you don't not want to see what our military will turn into. I am telling you now, we will become the darkest force ever, ever to walk the earth. With our technology, and our resources, with our fighting machines that soon can be run robotically, we will make the Nazis look like rookies ... this must not continue!"

Glenn then played a video clip from the speech in which President Biden claimed that the "Taliban has made public commitments, broadcast on television and radio across Afghanistan, on safe passage for anyone wanting to leave, including those who worked alongside Americans."

"Anyone who says, 'Oh, they're going to let them through their checkpoint,' doesn't know their ass from their elbow!" Glenn responded. "They have no idea what is going on, or they are lying. So, Mr. President, which one is it? Do you not really know what's going on? If so, the 25th Amendment should be invoked. If you do know what's going on, then you should be impeached for lying to the American people on such a grand scale, it's staggering!"

Watch the video clip below for more:


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.