Should you prepare for a run on the banks?

As the world continues to become more and more unstable, people continue to live life as if everything is going along just fine. Banks, however, are aware of just how unstable the globe is financially. The IMF has warned policy makers to prepare for massive ‘runs’ on the banks. Can that really happen?

The IMF has come out and said, "The extended period of monetary accommodation and the accompanying search for yield are leading to credit mispricing and asset price pressures, increasing the chance that financial stability risks could derail the recovery."

So what does that mean? Glenn explained on radio that it means prepare for a run on the banks.

Below is a transcript of this segment

Glenn: Here's what's happening. We have a shadow banking system. And we've told you about this, that the way we do banking credit, the way we are not shoring up the assets that our banks claim they have, it's all bogus. It's all bogus. You know, we thought we were in trouble and we thought we would clear this up. We didn't clear this up after 2008. We made it much, much worse. We're going to be doing a show on this later this week. But how we have made this much worse than it was in 2008. And so now there's a growing share of liquid credit in mutual fund portfolios. What does that mean? That means your mutual fund says it has all of this stuff, but it's a illiquid.

In other words, if they had to liquidate it-- you don't have money -- for instance, how much are you worth? Well, what you're supposed to do is say, how much money do you owe and then separate that from how much money do you actually have and then you'll see if you're upside down or not. If you actually have anything. And then how much of that is liquid?

So in other words, let's say you have your house paid for. You're really fortunate. You have your house paid for and your car paid for. Okay. Those are assets but they're not liquid assets. Those aren't things that you can actually go and say, hey, I need some money. Okay. Well, here you go. Here's the money. No, I have to sell my house or sell my car and so it's only worth what I can get for it at that time. And there's no fast way to get out of that. Let's say the credit -- the banking system starts to fail. And everybody says, who has a mutual fund, your 401(k), you start to fail and you say, okay, well, I got to get my money.

Here's the problem. The mutual funds are illiquid, meaning they can't get that money. They don't have access to that money. There's not enough money. It's growing illiquid. And so you can't go in and get your money at the bank. You can't turn it in. And so what's going to happen is they'll have to close these mutual funds and say, wait, wait, wait, do your Jimmy Stewart. But you don't understand how this works.

So that's what -- that's what they're saying. So now they're saying, you better prepare for runs on the bank, because when it starts to happen, and people start to say, well, I need my money, the banks are going to say, well, it's not here. It's not here. And that will make them run to their other bank, not their mutual fund, not their 401(k), but they'll start pulling money out from anything that they have, which will drive the price of housing town, drive the price of assets down, because everyone will be selling.

PAT: And in a savings and loan like with the Jimmy Stewart movie, it's -- it's suppose to be that way. Because you sign an agreement with them at the beginning that, okay, if you ever want to get your money back, you sign this agreement and then there's a certain period of time the bank has to return your money --

GLENN: That's why he said in the movie --

PAT: That's why he says, you sign right here and you'll is have your money in 20 days.

GLENN: That's what you -- that's --

(overlapping speakers).

PAT: And they didn't care because it was a panic and they want their money now. With a bank, though, you're suppose to be able to go get your money because it's suppose to be cash.

GLENN: Here's the problem. Here's how bad the banking system is. In our business if I were only 30% liquid in my business, if -- if I had crushing debt that everything was 70 or 80% a liability, and I didn't have -- I didn't have any real cash or any real assets, if it was all leveraged assets, I wouldn't be able to do business. I just wouldn't be able to do business. And I don't know -- I don't remember the ratio, but I think it's like 70/30 for average businesses. 70/30 you have to have the hard assets. And that's a healthy business. The banks are like at 10 and 20%. And that's raising it up from where it was. So the banks are not even doing business like regular businesses would do business. Any business would go out of business if we did business like the banks do business.

So now what they're doing is they're doing a run. Now, this is the first real international war game that they have ever done that we know of like this. And they're doing it this week. And what they're doing is if the banks fail in Spain, what happens to the banks in Germany? And if the banks fail in Germany, how do we shut things down so it doesn't spread to England? And if it goes to England, how do we shut it down so it doesn't come to America?

And they're going to do these things and they're trying to try to make everybody feel better but it won't work because it's all a shell game.

Now the International Monetary Fund is now warning a run on the bank -- this is the quote. Expect runs -- prepare for runs. Now, that's what you're reading if you're reading a website like Zero Hedge, which if you -- it will make your head hurt, because anybody who reads Zero Hedge, the way I've just tried, and everything else, I'm making their head explode. But I don't claim to have an expert on any of this stuff. I barely can keep my head above water on this stuff. And I read Zero Hedge and I only get about 30% and only understand about 30% of it. But that 30% is enough to give you the indication of the truth of what's coming.

Almost every week, new incriminating evidence is mined from Hunter’s wild laptop. And the proof is mounting that President Joe Biden is lying about his knowledge of his family’s crooked deal-making. Everyone knows Hunter Biden is a seriously degenerate guy. Anyone who has handled his infamous laptop needs a tetanus shot.

The salacious stuff on the laptop is sad and pathetic for sure, but that stuff is NOT what is most relevant to the United States. Glenn Beck exposes how the laptop is REALLY about Joe Biden, his abuse of power as vice president, and his ongoing denials now as president.

Now that the 2020 election has passed and their man is in office, the mainstream media have suddenly decided to admit Hunter’s laptop is not Russian disinformation after all. No one has done more research into the Biden family corruption than journalist and best-selling author Peter Schweizer. He has researched the depths of Hunter’s laptop and found more than racy photos. “These aren’t HUNTER’S business deals,” Peter says, “they benefit the WHOLE family.” And he has the emails to prove it.

But the mainstream media still insist President Biden is as pure as his thinning white hair in all of this. As Glenn reveals tonight, he is not. But will anyone in the Biden family see jail time? Americans are fed up with two sets of rules – one for regular citizens and one for the ruling elites.

Watch the full episode of "Glenn TV" below:

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Intelligent people know that wokerness plagues society and must be ridiculed and eradicated from conversations. But what happens when people lose their jobs for calling out the absurdity of woke ideology? What happens when corporations and media sources weaponize wokeness?

Here are five videos that will help us better understand a few of the many issues that wokeness inflicts on society and how we can stand against it.

Bye bye, Target. You crossed the line!

In this clip, BlazeTV host Allie Stuckey of "Relatable" explains how Target recently announced the sale of chest binders and "packing underwear" for women. She expresses how children can be negatively impacted by the sale of confusing clothing items for people suffering from gender dysphoria and the importance of loving the body God gave us.

Today, Allie notices that Target's stock experienced a 35-year record drop. Apparel was named as one of the two underperforming departments. Was pushback from critics of gender-affirming apparel the cause? It is hard to tell, but Allie encourages her audience to continue speaking out when corporations cross the line by making harmful products available for sale to the public.

Listen to the podcast here.

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To enjoy more of Allie’s upbeat and in-depth coverage of culture and politics from a Christian millennial perspective, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.

Wokeness can get you fired

In this clip, Stu Burguiere covers a story about a man who challenged Black Lives Matter using nothing but data and was fired.

Here's the story: "I had been at Thomson Reuters for over six years—most recently, leading a team of data scientists applying new machine learning and artificial intelligence algorithms to our legal, tax and news data. We advised any number of divisions inside the company, including Westlaw, an online legal research service used by most every law firm in the country, and the newsroom, which reaches an audience of one billion every day around the globe. I briefed the Chief Technology Officer regularly. My total annual compensation package exceeded $350,000." Read more

"We live in the era of woke religion," says Stu.

Listen to the podcast here.

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Coca-Cola circumvents Constitution with TERRIFYING mandates on diversity

Glenn Beck loves Coca-Cola. So much so, in fact, that he refuses to drink Pepsi if Coke isn't available. But ... he says the time has come for him to give up his favorite soda. Why? Because Coca-Cola just announced some terrifying new company policies on diversity and equity. It sent out notices to all partnered law firms, demanding a required percentage of diverse attorneys on any legal team working for the corporation. The notice says all legal teams also must report these numbers quarterly and they will lose Coca-Cola's business if they do not comply.

"Equity is not the same thing as equality," Glenn said, adding that equality means we all have an equal chance, while equality means we all have the same outcome.

Glenn explains how mandates like this could affect everybody — even the guy working on the factory line or the truck driver delivering the drinks. Glenn also explains how Coke's new move is nothing less than a circumvention of the Constitution, and he predicts more companies (especially those in support of the Great Reset) will follow with similar policies, too.

Listen to the podcast here.

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Coca-Cola takes a 'pause' on woke initiatives after after pressure from the Right

Glenn followed up on a story about Coca-Cola becoming the poster child for how a corporation could shove leftist ideologies onto its consumers. The company suspended advertising on Facebook in a push to censor former President Donald Trump, published a manifesto about racial equity, and demanded all legal teams working for Coke meet certain diversity quotas.

But, after Trump, Sen. Ted Cruz (R-Texas), Sen. Rand Paul (R-Ky.), and many other conservative voices called for a boycott of the company's products, Coca-Cola appeared to shift directions.

Read more on this story here.

Listen to the podcast here.

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Calvin Klein's gender blender ruins sex and Mothers' Day

Chad Prather reflected back to the Great Depression era of enticing photographic entertainment, otherwise known as the callow and deprived years of his youth, when a Calvin Klein pictorial of old would have represented something exciting, something to, say, think about at the end of the day. Had he run across this present weird concept at that age, he would have either been disgusted on sight … or possibly really disgusted when his dumb a** put two and two together the next day. Anyway, his point is: Has the whole world gone crazy? Do we really need this? At this inclusive embracing point in our recent history, what in the world makes Calvin Klein feel the need to be the standard-bearer for a lifestyle screamed largely into existence by a very vocal minority?

Listen to the podcast here.

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Former Disney artist SPEAKS OUT: ‘It’s time to do something’

A former Disney artist, who wishes to remain anonymous, joins Glenn to describe WHY he recently took action against his former employer: ‘I'm tired of watching my country go down the drain. And it's time to do something.’ Today’s woke Disney is not what Walt once imagined, he says, and his recent video release — "It’s A Woke World After All" — exposes Disney’s large stray from its roots ...

Listen to the podcast here.

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Rolling Stone magazine on Sunday published an article that argued in no uncertain terms that the suspect who grotesquely took the lives of ten people in Buffalo, New York, last weekend was a "mainstream Republican."

Like so many in the corporate media, the article's author Talia Lavin — who in 2018 resigned from the New Yorker after falsely accusing a combat-wounded veteran and ICE agent of having a Nazi tattoo — has painted the Buffalo killer as a right-wing, white supremacist, Tucker Carlson-worshipping conservative who is "gripped by a racist delusion."

On the radio program Tuesday, Glenn Beck revealed what the killer actually wrote in his alleged "manifesto," which proves he was far from a freedom-loving constitutionalist, and explained why blatantly ignoring his words will only make the problem worse.

"The corporate media has, from the very get-go, tried to associate [the killer] with the Republicans, to say that he's a conservative, to say that he got all of his training from Tucker Carlson," Glenn began. "But you know it's weird, in the 180-page document authored by the shooter, he doesn't mention Tucker Carlson — not even once. Not at all. There is one mention of Fox News, and it's an infographic showing the top Fox News host, such as Maria Bartiromo and Greg Gutfeld, as being Jewish. He also says Rupert Murdoch is a Christian Zionist who may have Jewish ancestry though it's never been publicly admitted," he continued.

"Oh, another thing. Ben Shapiro is mentioned multiple times, including as an example as the 'rat of the Jewish people.' So gosh, that doesn't sound conservative to me, doesn't sound Republican, doesn't sound like he's learned anything from anybody that is on the right. Moreover, he has described himself as an ethno-nationalist and eco-fascist national socialist. He loathes libertarianism and conservatism in particular."

Watch the video clip below to hear more of the criminal's own words, which prove he was no right-winger and certainly NOT a "mainstream Republican."

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

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A Colorado mother of three, Erin Lee, said her 12-year-old daughter was recruited by teachers to attend an "art club" after school, only to find it was a GSA or Gay Straight Awareness/Alliance Club. Not only was the family misled about the purpose of the club, but a guest speaker — who told the middle school students that "if they're not fully comfortable in their bodies, that means they're transgender" — also encouraged the kids to keep secrets from their parents.

Lee told Glenn Beck on the radio program Monday that her "shy, vulnerable, barely 12-year-old daughter" had just moved to Wellington Middle School in Fort Collins, Colorado, when she was invited by her art and home room teachers to attend an "art club" after school.

"She texted us [and] we gave her permission for art club," Lee said of her daughter. "When she got there, it was actually GSA, or Gender and Sexuality Awareness or Alliance Club. The teacher had invited in a completely unqualified outside presenter who did unthinkable things with the children. I'll give you the CliffsNotes version. She told them, 'what you hear in here, keep in here.' She used flags to use defining words, telling them if they're not fully comfortable in their bodies, that means they're transgender. Then she would hand out the flags and stickers and bracelets and other swag. She told them that 'queer' is a label for when they're still figuring out their sexuality.

"She did the 'Genderbread person,' which explicitly asked kids who they're sexually attracted to, so 11, 12, 13-year-olds with peers and adults in the room, talking about their sexuality. She handed out her personal contact information and invited them to connect on teen chat platforms, like WhatsApp and Discord, where she knows that parents are not monitoring the conversation. She told them that families may not be safe, and it's okay to lie about where they are. And in fact, the art teacher, as my daughter was leaving the room that day, pulled her aside and said, 'remember, you don't have to tell your mom.'"

The outside presenter, Kimberly Chambers, is the director of SPLASH Youth of Northern Colorado, an organization that targets children as young as 5 years old, as indicated on its own website. Chambers is a paid employee of the Larimer County Department of Health and Environment with access to children’s information, according to a Parents Defending Education incident report.

Lee went on to say that, after learning from her daughter what happened, she and her husband contacted the school principal, who confirmed that the meeting was, in fact, held in secret and they are always held in secret because as a public school they have to offer children a "safe space." Lee then turned to the school board, but said she was ignored "for months." Finally, she was able to meet with board member Kristen Draper, who turned out to be a close friend and "strong ally" to Chambers. Draper also volunteers for an arm of SPLASH called SKITTLES.

"FOIA emails showed that [the school] immediately colluded when I objected to what happened," Lee told Glenn. "They immediately colluded with the school board to keep me quiet. They referenced parents who find out as 'barriers' that the school board has removed. They talked about sending social services into my home because I didn't like what they did with my child," she continued.

"My daughter had never expressed gender dysphoria before. She never expressed that she'd had any trouble at home. They never spoke to me. I never spoke to any of the people that did these things before they decided to talk about calling CPS ... In the state of Colorado, if my child had said to the CPS that I wasn't affirming her transgender identity, I firmly believe they would have removed her from the home. And the people knew this when they suggested that CPS come to our home to remove our child," Lee warned. "Colorado is off the rails in particular, but this is happening everywhere."

Watch the video clip below for more details:

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

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