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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On the "Glenn Beck Radio Program" Monday, Harvard Law professor and lawyer on President Donald Trump's impeachment defense team Alan Dershowitz explains the history of impeachment and its process, why the framers did not include abuse of power as criteria for a Constitutional impeachment, why the Democrats are framing their case the way they are, and what to look for in the upcoming Senate trial.

Dershowitz argued that "abuse of power" -- one of two articles of impeachment against Trump approved by House Democrats last month -- is not an impeachable act.

"There are two articles of impeachment. The second is 'obstruction of Congress.' That's just a false accusation," said Dershowitz. "But they also charge him, in the Ukraine matter, with abuse of power. But abuse of power was discussed by the framers (of the U.S. Constitution) ... the framers refused to include abuse of power because it was too broad, too open-ended.

"In the words of James Madison, the father of our Constitution, it would lead presidents to serve at the will of Congress. And that's exactly what the framers didn't want, which is why they were very specific and said a president can be impeached only for treason, bribery, or other high crimes and misdemeanors," he added.

"What's alleged against President Trump is not criminal," added Dershowitz. "If they had criminal issues to allege, you can be sure they would have done it. If they could establish bribery or treason, they would have done it already. But they didn't do it. They instead used this concept of abuse of power, which is so broad and general ... any president could be charged with it."

Watch the video below to hear more details:



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On Friday's radio program, Bill O'Reilly joins Glenn Beck discuss the possible outcomes for the Democrats in 2020.

Why are former President Barack and First Lady Michelle Obama working overtime to convince Americans they're more moderate than most of the far-left Democratic presidential candidates? Is there a chance of a Michelle Obama vs. Donald Trump race this fall?

O'Reilly surmised that a post-primary nomination would probably be more of a "Bloomberg play." He said Michael Bloomberg might actually stand a chance at the Democratic nomination if there is a brokered convention, as many Democratic leaders are fearfully anticipating.

"Bloomberg knows he doesn't really have a chance to get enough delegates to win," O'Reilly said. "He's doing two things: If there's a brokered convention, there he is. And even if there is a nominee, it will probably be Biden, and Biden will give [him] Secretary of State or Secretary of Treasury. That's what Bloomberg wants."

Watch the video below to catch more of the conversation:

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On the "Glenn Beck Radio Program" Friday, award-winning investigative reporter John Solomon, a central figure in the impeachment proceedings, explained his newly filed lawsuit, which seeks the records of contact between Ukraine prosecutors and the U.S. Embassy officials in Kiev during the 2016 election.

The records would provide valuable information on what really happened in Ukraine, including what then-Vice President Joe Biden and his son Hunter were doing with Ukrainian energy company, Burisma Holdings, Solomon explained.

The documents, which the State Department has withheld thus far despite repeated requests for release by Solomon, would likely shed light on the alleged corruption that President Donald Trump requested to be investigated during his phone call with the president of Ukraine last year.

With the help of Southeastern Legal Foundation, Solomon's lawsuit seeks to compel the State Department to release the critical records. Once released, the records are expected to reveal, once and for all, exactly why President Trump wanted to investigate the dealings in Ukraine, and finally expose the side of the story that Democrats are trying to hide in their push for impeachment.

"It's been a one-sided story so far, just like the beginning of the Russia collusion story, right? Everybody was certain on Jan. 9 of 2017 that the Christopher Steele dossier was gospel. And our president was an agent of Russia. Three years later, we learned that all of that turned out to be bunk, " Solomon said.

"The most important thing about politics, and about investigations, is that there are two sides to a story. There are two pieces of evidence. And right now, we've only seen one side of it," he continued. "I think we'll learn a lot about what the intelligence community, what the economic and Treasury Department community was telling the president. And I bet the story was way more complicated than the narrative that [House Intelligence Committee Chairman] Adam Schiff [D-Calif.] has woven so far."

Watch the video below to catch more of the conversation:

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Carter Page, a former advisor to Donald Trump's 2016 presidential campaign, found himself at the center of the Russia probe and had his reputation and career destroyed by what we now know were lies from our own intelligence system and the media.

On the TV show Thursday, Page joined Glenn Beck to speak out about how he became the subject of illegal electronic surveillance by the FBI for more than two years, and revealed the extent of the corruption that has infiltrated our legal systems and our country as a whole.

"To me, the bigger issue is how much damage this has done to our country," Page told Glenn. "I've been very patient in trying to ... find help with finding solutions and correcting this terrible thing which has happened to our country, our judicial system, DOJ, FBI -- these once-great institutions. And my bigger concern is the fact that, although we keep taking these steps forward in terms of these important findings, it really remains the tip of the iceberg."

Page was referencing the report by Justice Department Inspector General Michael Horowitz, which revealed that the FBI made "at least 17 significant errors or omissions" in its Foreign Intelligence Surveillance Act (FISA) applications for warrants to spy on Page, a U.S. citizen.

"I think this needs to be attacked from all angles," Glenn said. "The one angle I'm interested in from you is, please tell me you have the biggest badass attorneys that are hungry, starving, maybe are a little low to pay their Mercedes payments right now, and are just gearing up to come after the government and the media. Are they?"

I can confirm that that is the case," Page replied.

Watch the video clip below for a preview of the full-length interview:

The full interview will air on January 30th for Blaze TV subscribers, and February 1st on YouTube and wherever you get your podcast.

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