The Kondratiev Wave (You Won't See This at the Super Bowl)

Soviet economist Nikolai Kondratiev was Stalin's chief economist. He studied capitalism, identifying and coining what's called the Kondratiev wave. The wave represents the cycles of an economy in seasonal terms --- spring, summer, winter, fall and the green shoots.

Spring is all about new ideas, change. During summer, things get a little relaxed, lazy. In the fall, leaves start to die and then transition into a winter --- a recession or depression. And then, spring again, the green shoots --- new ideas --- start to sprout up.

That's exactly how America once worked.

"If you look back at the American wave, up until the Fed, those were happening about every ten to 20 years," Glenn said Friday on The Glenn Beck Program. "And you see that we were going through very short, less than-a-year depressions. And everything would crash --- come crashing down. And then there would be this depression where everybody would be like, 'Oh, my gosh. I'm out of money.' But within a year, things started going up again."

When the government became too involved, choosing winners and losers, it interrupted the natural flow of things. Problems didn't corrected fully and purely.

"Every time we try to get government involved to slow it down, what it does is it adds a layer of corruption and allows people to be more and more stupid and not pay for their sins," Glenn said. "It allows for corruption to happen in the banking system and never have to pay for it. Because somebody will bail you out. There's no real cost to that."

The solution is smaller government.

"That's why we have to get off of the Fed. That's why we have to get back to the Constitution," Glenn said. "That's why we have to get back to a real free system."

Listen to this segment from The Glenn Beck Program:

Below is a rush transcript of this segment, it might contain errors:

GLENN: Yeah. Okay. Why? Why?

If you go back and you look and you look at the Kondratiev wave, which is the spring, summer, winter, fall, the green shoots. Okay. This was Kondratiev. He was Stalin's chief economist, and he went back and looked at capitalism.

JEFFY: Pat and I were just talking about the Kondratiev wave.

GLENN: Shut up.

PAT: We were doing that documentary on Kondratiev a while ago. Remember that?

JEFFY: Right! And it goes up and down with the green shoots.

GLENN: Just let me know when you're done.

PAT: Okay. I think we're done.

GLENN: Okay. Good.

So the Kondratiev wave where the spring comes. New ideas. And people start to -- kind of like tech industry. Okay. New ideas. New things are happening. And you can see these green shoots that, oh, my gosh, everything is going to change. But then it kind of settles in, in the summer, where all of these companies get fat, they get sassy, they get lazy. And they're like, "You know what, we're going to be here forever."

Then you start to see autumn. And you start to see the leaves change, and the seasons change. And you're like, "You know what, something is going to fold here. Something is not right." And everybody hanging on and hangs on and hangs on, until all the leaves are gone. And then it's in the winter. And it hammers into winter, which is a recession or a depression.

Then it balances things out, and you start to see green shoots again. Well, if you look back at the American wave, up until the Fed, those were happening about every ten to 20 years. And you see that we were going through very short, less than-a-year depressions. And everything would crash -- come crashing down. And then there would be this depression where everybody would be like, "Oh, my gosh. I'm out of money." But within a year, things started going up again. Okay?

It's like burning the underbrush of a forest. You have to burn an underbrush, otherwise the entire forest will burn down.

This is what the fed was to do. The fed was to stop those depressions and those giant spikes. Well, they didn't, did they? They've spaced them out farther, but they've made them bigger. So the -- we never had a Great Depression before. We had depressions. 1920 was a depression deeper than 1933. 1929, 1933, deeper than the Great Depression. But because we didn't have the Fed -- the Fed was not prepared to turn all the levers. It was over within a year, and it led to the Roaring Twenties.

So every time we try to get government involved to slow it down, what it does is it adds a layer of corruption and allows people to be more and more stupid and not pay for their sins. It allows for corruption to happen in the banking system and never have to pay for it. Because somebody will bail you out. There's no real cost to that.

That's why we have to get off of the Fed. That's why we have to get back to the Constitution. That's why we have to get back to a real free system. And a real free system doesn't include special payments to the government so they can prop up a certain company.

When he talks about, you know, the drug companies and you can't do anything about it, his solution is, control the drug company. Well, that will lead to less and less innovation and ground-breaking drugs. So his idea is, let's control it. Instead, what you should do is get the drug companies out of the lobbying business entirely. There shouldn't be the lobbying business in Washington.

When you start to have these big companies lobby -- why were the drug companies, why were the insurance companies for Obamacare? How is that possible?

PAT: Because --

GLENN: It was good for them.

PAT: Yeah. Big-time good for them.

GLENN: It was good for them. It's bad for us. But their lobbyists got in and made it good for the elites and for the companies. And we all lost. That's why you have to clean up the corruption. And the only way to clean up the corruption is to make the government small enough to where it doesn't matter. It stays out and lets people do their own thing. And you let those companies rise and fall. If somebody is going to screw the public -- yes, people are going to get screwed. People are going to get hurt. But it will happen, and it will happen quickly. And the government's job is to put those people in jail, period.

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SHOCKING: 11 states where Hunter Biden is accused of DISGUSTING crimes

Kris Connor / Contributor | Getty Images

Glenn has been calling on our leaders to do what they SHOULD have done a long time ago: hold Hunter Biden accountable for his BLATANT crimes.

Of which crimes is Hunter Biden being accused? From hiring prostitutes to smoking cocaine... LOTS of cocaine... here is a state-by-state list of ALL crimes committed by Hunter Biden. To read about each crime in detail, Glenn's "The Reckoning" guide lists ALL of Hunter Biden's crimes committed domestically and abroad alongside the alleged crimes of all the Biden family members, including Joe.

Glenn needs YOUR help to hold the "Biden crime family" accountable. Click HERE to download "The Reckoning" dossier of ALL of the crimes committed by the Biden family, send the dossier to your representative, and DEMAND they hold the Biden family accountable for their crimes.

In the meantime, here is a sneak peek of ALL of Hunter Biden's known sex and drug crimes committed within the U.S.

1. Arizona

Drug Crimes: One count.

2. California

Drug Crimes: 6 counts.

Sex Crimes: 20 counts.

3. Connecticut

Drug Crimes: 4 counts.

Sex Crimes: 11 counts.

4. Delaware

Drug Crimes: 9 counts.

Sex Crimes: 3 counts.

5. Florida

​​Drug Crimes: 1 count.

Sex Crimes: 1 count.

6. Massachusetts

Drug Crimes: 4 counts.

Sex Crimes: 4 counts.

7. Nevada

Drug Crimes: 1 count.

Sex Crimes: 2 counts.

8. New York

Drug Crimes: 2 counts.

Sex Crimes: 12 counts.

9. Tennessee

Drug Crimes: 1 count.

10. Texas

Sex Crimes: 1 count.

11. Virginia

Drug Crimes: 1 count.

It’s no secret that Glenn has a less-than-optimistic view of emerging AI and when you look at the horrifying new technologies that utilize the power of AI it’s hard not to agree.

Here’s a look at 7 new AI technologies that will HORRIFY you:

AI Brainwave Monitoring

Earlier this year during the World Economic Forum's annual meeting, Nita Robinson, a professor of law and philosophy at Duke, presented a video that depicted a “hypothetical” situation where a person's brainwaves are monitored by their earbuds, which have the ability to record brainwaves, decode them with AI, and then send brain reports to their boss and are accessible by government agencies. When the video ends, Robinson makes the terrifying announcement that this AI technology already exists! It's just a matter of time before it's implemented.

If you want to learn more about Brainwave tracking and the WEF, you can watch this clip from the Glenn Beck Program.

AI Voice Cloning

Last month, Glenn covered a terrifying story involving a scammer who created an AI clone of a child's voice in order to scam money out of her terrified parents. While this might sound advanced, a quick Google search reveals that this technology is remarkably accessible and is easily able to replicate the voice of anyone. Imagine the havoc that could be inflicted on your life with an AI clone of your voice.

AI Mind Reader

Left shows stories read to user and right shows what the AI was able to decode from users brain activity

Image credit: University of Texas at Austin

Like something out of Star Trek, a team of researchers at the University of Texas at Austin developed a new AI that is able to decode brain activity and produce a transcript of a person's thoughts with reasonable accuracy, all without the need for implants or other invasive measures. While the researchers assure us that the technology has major limitations, including the need to train this AI extensively on each subject's brain, it’s only a matter of time before the AI is able to overcome these limitations, and it may be sooner than we would like…

Snapchat's new AI “Friend”

Image of My AI's contact on Snapchat

Snapchat

In April the popular social media messaging app Snapchat released a controversial new feature known as “My AI”—an AI chatbot powered by ChatGPT. The new feature acts much like other chatbots. It can answer questions, converse with the user, and offer recommendations. However, unlike other chatbots, it is integrated in such a way that it can be difficult to distinguish from a human user, complete with a customizable avatar and name. Many parents are worried that the friendly appearance of “My AI” will make it hard for their teens to differentiate the bot from a real human. Moreover, the only way to remove the bot is by paying for Snapchat’s premium service, giving parents little recourse for protecting their children.

AI "Big Brother"

In a recent TED talk, former Apple Designer Imran Chaudhri introduced the concept for a new wearable AI device connected to a camera and microphone, enabling the AI to hear and see everything you do. Chaudhri assures us that the device is “privacy-first and safe,” but how safe would you feel with an all-seeing AI accompanying you all day every day?

AI Meddling with Elections

AI generated image of Trump's arrest

Open AI | MARCA News

One terrifying potential use for AI could be meddling with elections. The last few years have seen a decline in faith in our elections, and the emergence of AI will only serve to muddy the waters. As previously mentioned, AI voice clones are here and have been proven to have the ability to create compelling facsimiles of political figures. Combined with AI image technology the threat of an AI-generated scandal is high.

If you want to learn more about AI interference with elections you can watch this clip from the Glenn Beck Program.

AI Dating

Another disturbing development is the creation of “Dating AIs”—AI chatbots designed as a replacement for a boyfriend or girlfriend. There is already a variety of options available with prices ranging from free all the way up to $1 a minute, like some sort of dystopian "call girl." There are already reports of people developing genuine emotional attachments to these bots and others who have married or have tried to marry their artificial lovers.

Global ESG investments PLUNGED 76 percent with NEGATIVE returns on investment

SOPA Images / Contributor | Getty Images

Glenn has been one of the most outspoken critics of the use of ESG by globalist elites to force businesses to comply with their woke agenda. It turns out, not only is ESG bad political practice—it's bad for your wallet too.

Global Investments in ESG Funds PLUNGED 76 percent globally in 2022 from $157.3 billion to $649.1 billion in 2021, with a 20 percent decrease in the U.S. ALONE. This marked the lowest annual net inflow for ESG funds since $69 billion in 2018.


Morningstar via Investopedia

The downturn in ESG investment is largely due to the concerted effort led against ESG led by Glenn and government officials like Ron DeSantis and his anti-ESG 14-state coalition. Thanks to Glenn and DeSantis, an increasing number of states are barring their governments from taking ESG into consideration when determining their investment recipients for state pension and retirement funds. This not only protects critical American industries like oil and gas, but moreover, it protects the First Amendment rights of business owners who don't want to conform to the Left's woke environmentalist and LGBTQ+ standards.

Thanks to Glenn and DeSantis, an increasing number of states are barring their governments from taking ESG into consideration.

However, the massive plunge in ESG investment isn't only attributed to the political pushback against the practice: it also isn't yielding investors the return on investment they were hoping for. In fact, the main ESG funds have a NEGATIVE return on investment.

ESG funds were hit hard by falling equities. One of the largest ESG funds int the U.S., Parnassus Core Equity Fund (PRBLX), fell 26 PERCENT in 2022. This fund performed nearly six percent worse than the S&P 500, which fell 19.44 percent within the same period. Similarly, iShares ESG Aware MSCI USA ETF (ESGU) fell 20 percent, and Vanguard ESG U.S. Stock ETF (ESGV) plummeted 24 percent.

Even the Harvard Business Review admitted investors in ESG have "not fared well":

ESG funds certainly perform poorly in financial terms. [...] Although the highest rated funds in terms of sustainability certainly attracted more capital than the lowest rated funds, none of the high sustainability funds outperformed any of the lowest rated funds [bolded added]. That result might be expected, and it is possible that investors would be happy to sacrifice financial returns in exchange for better ESG performance.

The Harvard Business Review went on to say that ESG funds don't even benefit the environmental and social causes they tout to defend. In fact, when comparing environmental and social compliance between ESG and non-ESG funds, the
"ESG portfolios had worse compliance record for both labor and environmental rules" than their non-ESG competitors.

Let that sink in. ESG funds not only financially underperformed when compared to their non-ESG competitors. They failed to secure the very environmental and social compliance that is central to their original purpose. Missionally, practically, and financially, ESG failure is astounding.

As Glenn has long warned, the only thing that investment firms and governments should be taking into consideration regarding YOUR money is how they can get the best possible return on YOUR investment. We are seeing the detrimental consequences of what happens when woke ideology becomes the basis of investment rather than the recipient's monetary value.

The only thing that governments should take into consideration regarding YOUR money is how to get the best possible return on YOUR investment.

If political conviction alone isn't enough to persuade the general public to ditch ESG, maybe their hurting pursestrings will.

Glenn will show how ESG is being used to further globalist elites' agendas in the second installment of his Great Reset series, Dark Future.To make sure you're caught up and to learn more about ESG, enter your email below to get chapter one of Glenn's first Great Reset book sent straight to your inbox.

You've probably noticed that Glenn is FED UP.

He is FED UP with the crimes that our political elite can get away with. And NO ONE is keeping them accountable! This corruption goes all the way up to the Presidency. Over and over again, the American people have seen headlines of the Biden family's illicit business dealings and crimes both domestic and abroad, yet they ALWAYS get a free pass from the media, and Republicans who promise to hold them accountable, DON'T.

Are you FED UP too?

Glenn laid out the ENTIRE CASE against the "Biden crime family," detailing EVERY crime allegedly committed by the Bidens, going city by city, state by state, country by country.

But we can't stop there.

Now it's up to YOU to demand that they are held responsible. Here's what to do:

  • Step 1. Watch "The Reckoning" (on YouTube or Facebook) and share it with your friends.
  • Step 2.Enter your email HERE to get access to the "Biden Crime Family Dossier" with the full list of crimes and contact information for prosecutors and attorneys general.
  • Step 3. Take action by flooding the phones and emails of the prosecutors and attorneys general in your district and demand they prosecute these crimes.
  • Step 4. Once you've contacted the offices in your relevant district, tweet @glennbeck using the hashtag #Reckoning and let us know who you contacted and whether you received a response.

Like you, Glenn is SICK AND TIRED of our government and media giving the Biden family a free pass for their blatant crimes. Together, let's do something about it.

Watch "The Reckoning" below.