Is financial catastrophe coming for the economy?

There's a lot of reasons for you to be concerned about the global economy this week. Greece owes a huge payment on their debt and everyone knows they won't be able to pay. A default could trigger a larger financial collapse worldwide, but no one seems to be worried. But will people start paying attention if every single bank account over a certain dollar amount gets a 50% haircut? Glenn spoke with an informant with inside information of what's going on behind-the-scenes, and what he told Glenn should scare everyone.

Glenn said he had a conversation with Tania a few weeks ago, and during their talk he suggested taking all of their money out of the bank because a Cyprus-esque haircut could be coming.

"I said, there's going to come a time where they'll just give everybody a haircut. You have money in the bank, they'll just give you a haircut. And not let you take money out of the bank," Glenn said. " Everybody gets 10 percent to 50 percent. Everybody just loses ten to 50 percent of whatever you have in savings. Whatever you have in the bank. Then they say on top of that, and, by the way, you can no longer withdraw anything more than $5,000, you know, per account. Per month."

Glenn said that he called his "Deep Throat", the insider who told him about TARP the Sunday before it was announced. While in the past he has been able to provide intel on what might be coming, recent events have him completely lost.

"This is the guy who called me the day before TARP was made public. He called me on a Sunday night crying. And he said, I was just in the treasury meeting, and he said, I just got out. They're going to announce something tomorrow. And he said, it's bad. But he convinced me that it had to be done. He said, because we're lights out. If this doesn't happen, we're lights out, he said. And I just walked home in Manhattan. From lower Manhattan to mid-Manhattan. And he said, I was crying all the way because I was looking at the drivers of the car and the people in the cabs and everything else, and he said, they have no idea what's coming our way. Nobody has any idea what's coming," Glenn said. "So he's been talking to me for a long time about what's coming."

"So I'm talking to him and I said, so, tell me how do we get out of this? How do we unravel this situation? And for the very first time he said, I have no idea. I have absolutely no idea. The world is never done this. I've never seen anything like it. He said, what's really disturbing is, everybody on the planet is doing this now. All of the central banks are doing this now. He said, at some point there is a tipping point. And the US dollar is just lights out," Glenn continued.

Stu brought up the debt crisis in Greece and how no one seems concerned that Greece has no money to pay it off.

"We talked about the situation going on in Greece this morning," Stu said. "The markets aren't really reacting to it negatively. They have this giant payment they have to make, and they can't make it. Everybody knows they can't make it. They just assume there will be a last-second deal as there's been the last few times they couldn't make this payment. There's a chance that they can't make this payment and the deal is not struck. Then it's like financial catastrophe for the world. And no one is really even paying attention to it. We've come to the point now where financial catastrophes are like the 12th story in the newscast."

Glenn's "Deep Throat" insists that the IMF and other global financial institutions will not be able to just bail everyone out. In fact, the informant has no idea what will happen, something Glenn has never heard him say before.

Glenn said, "So remember the guy we had on The End of the Dollar, and he said, what will happen is the IMF, or the World Bank will bail everybody out. My Deep Throat guy said, no, not possible. He said, that's just not possible. He said, they don't have the money to do it. He said, so we give them money to do it. So that's a circular thing. He said, that's not even possible. It doesn't even make sense to me. And I said, so where -- how do you -- and he said, I don't know. I don't know. That's significant. That's really truly significant. And like Pat said, so what happens?"

One thing you can't do, apparently, is take your money out of the bank. The Dennis Hastert scandal shined new light on regulations that prevent people from removing more than $10,000 out of their accounts.

"Are we even in America? You want your money, they're not going to give it to you," Glenn said. "Again, that brings us back to, am I the suspect here? Is the average American who is just living their life, are we the suspect? If you have something on me, okay, then get a warrant and show it. But if it's just I'm removing my money from a private institution because I want to go blow it all in Vegas or I just want to put it under my bed. As long as I'm not doing anything illegal with it, it's none of your business what I'm doing."

Glenn predicted that if things don't change, it will be illegal to carry large sums of cash.

A new Pew Research Center report shows the death toll in the United States from COVID-19 is "heavily concentrated" in Democratic congressional districts.

According to the analysis, more than half of all COVID-19 deaths in the U.S. occurred in just 44 (approximately 10 percent of) congressional districts, and 41 of those 44 hardest-hit districts are represented by Democrats, while only three are represented by Republicans.

"A new Pew Research Center analysis of data on official reports of COVID-19 deaths, collected by the John Hopkins University Center for Systems Science and Engineering, finds that, as of last week, nearly a quarter of all the deaths in the United States attributed to the coronavirus have been in just 12 congressional districts – all located in New York City and represented by Democrats in Congress. Of the more than 92,000 Americans who had died of COVID-19 as of May 20 (the date that the data in this analysis was collected), nearly 75,000 were in Democratic congressional districts," Pew reported.

Filling in for Glenn Beck on the radio program this week, Pat Gray and Stu Burguiere argued that, while the coronavirus should never have been made into a partisan issue, the study certainly makes a strong statement in favor of GOP leadership.

Watch the video below:


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The Centers for Disease Control and Prevention (CDC) once predicted the coronavirus death rate would be between 4 and 5 percent, but they've just come out with a new report and those predictions have been adjusted significantly.

According to the CDC's latest data, the fatality rate among Americans showing COVID-19 symptoms is 0.4 percent. And an estimated 35 percent who are infected by the virus will never have any symptoms. Therefore, the CDC is now estimating COVID-19 kills less than 0.3 percent of people infected.

Filling in for Glenn Beck on the radio program this week, Pat Gray and Stu Burguiere recalled when the mainstream media went into overdrive, hammering President Donald Trump for predicting the final COVID-19 death rate would be "under one percent."

Looks like the president was right all along.

Watch the video below to catch more of the conversation:

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Michigan barber Karl Manke isn't a troublemaker. He's a law-abiding citizen who did everything possible to financially survive during the COVID-19 lockdown. pandemic. Eventually, he had no other option: he had to reopen his business in defiance of Democratic Gov. Gretchen Whitmer's stay-at-home orders.

In an interview on the "Glenn Beck Radio Program," Manke, 77, told Glenn, "I'm not backing down" despite Whitmer's seemingly vindictive attempts to shut down his business.

Shortly after reopening, Manke was ticketed for violating Whitmer's stay-at-home order and charged with a misdemeanor. When he still refused to close his doors, the governor's office went a step further and suspended his barber license.

"It's kind of a vindictive thing," said Manke. "I've become a worm in her brain ... and she is going full force, illegally, when legislatures told her that she was out of place and this was not her assignment, she decided to take it anyway."

On Thursday, the Shiawassee County Circuit Judge refused to issue a preliminary injunction against Manke. Read more on this update here.

Watch the video clip from the interview below:

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Time after time, Americans have taken to the streets to defend our constitutional rights, whether it was our livelihood at stake -- or our lives. But, what was the point of all the civil rights movements that came before, if we're about to let the government take our rights away now?

On his Wednesday night special, Glenn Beck argued that Americans are tired of having our rights trampled by "tyrannical" leaders from state and local governments who are ignoring our unalienable rights during this pandemic.

"Our nanny state has gone too far. The men and women in office -- the ones closest to our communities, our towns, our cities -- are now taking advantage of our fear," Glenn said. "Like our brothers and sisters of the past, we need to start making the decisions that will put our destiny, and our children's destiny, back into our hands."

It took less than two months of the coronavirus tyranny to make America unrecognizable, but some Americans are fighting back, risking losing their jobs and businesses or even jail time, as they battle to take back our civil rights.

Here are just a few of their stories:

After New Jersey's Atilis Gym reopened in defiance of the governor's executive order, the Department of Health shut them down for "posing a threat to the public health." Co-owner Ian Smith says somebody sabotaged the gym's toilets with enire rolls of paper to create the public health "threat."

Oregon Salon owner, Lindsey Graham, was fined $14 thousand for reopening. She said she was visited by numerous government organizations, including Child Protective Services, in what she believes are bullying tactics straight from the governor's office.

77-year-old Michigan barber, Karl Manke, refused to close his shop even when facing arrest. "I couldn't go another 30 days without an income," he said. But when local police refused to arrest him, Gov. Gretchen Whitmer's (D) office suspending his business license instead.

Port of Seattle police officer Greg Anderson was suspended after he spoke out against enforcing what he called "tyrannical orders" imposed amid coronavirus lockdowns.

Kentucky mother-of-seven, Mary Sabbatino, found herself under investigation for alleged child abuse after breaking social distancing rules at a bank. After a social worker from child protective services determined there was no sign of abuse, he still sought to investigate why the Sabbatino's are homeschooling, and how they can give "adequate attention to that many children."

Dallas salon owner Shelley Luther was sentenced to seven days in jail after she defied the state-mandated stay-at-home orders to reopen her business.

Watch the video clip from Glenn's special below:


Watch the full special on BlazeTV YouTube here.

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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 multiplatform network of voices who love America, defend the Constitution and live the American dream.