Chalkboard Lesson: How the Rich Get Richer and the Little Guy Gets Soaked

Income inequality is a topic usually employed by the left to pass further entitlements - often times just to secure more votes. But there is a real bubble about to burst that will have the rich getting richer and soak the average investor in the stock market.

Monday on The Glenn Beck Program, Glenn took to the chalkboard to break down how the system has historically worked compared to how it's running now - and the results aren't pretty.

"In the old way, let's take Ford. Ford started a company with Henry Ford. And let's -- I'm making this number up -- let's say he started with a million dollars of his own money, and he invested in that company. And he started with a million dollars that he didn't want to lose. And he started making cars," Glenn said.

"But he could only make a limited number of cars because he only had his million dollars. But he was making the cars that he wanted. So he thought, 'Okay, we can make a lot more money and a lot more cars if I get some investors.' The way you get investors is, you go to the stock market."

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The market would value your stock based on its EBIDTA --- earnings before interest, depreciation, taxes and amortization. As that number went up, the value of your stock went up and the more you could invest into your company to expand facilities and production.

The historical model could, theoretically, sustain itself --- and it has. But the new model might as well have been designed by Bernie Madoff.

"Let me show you how dangerous this bubble is and the entire world will now start to make sense to you," Glenn said. "Here's the new way. Here's the evil corporation, and it's run by the CEOs and the boards. And the CEOs and the boards -- unlike Henry Ford -- they don't have any money in this. They're hired guns. They have nothing in this company."

These hired guns are paid in cash and stocks, with their only intention being to raise the price of the stock by any means necessary.

Here's where things get hairy.

"Now, they already have stocks. They already have investors --- you. They're already traded. And let's say they make tablets. And it's good tablets. And everything is great. But their EBIDTA, their earnings before interest, taxes, depreciation and amortization is going down. What does it do to their stock price?" Glenn said.

"It drives it down. Who cares? You and the board and CEOs, right? CEOs really care because they've got a lot in stocks. So things are falling apart because the economy is bad, maybe jobs are being driven overseas, they can't make things as cheaply . . . whatever the reason is . . . mainly the economy is bad. Their earnings are going down."

When this happens, the stock price should be going down, but the hired guns are taking advantage of cheap loans from the federal reserve to buy up stock. This artificially inflates stock prices allowing these guys to sell off their own stock and cash in before the collapse comes, before the bubble bursts.

"You want to know how the rich get richer? Unlike you, these guys are watching the global economy. What's happening? Our economy is not doing well. Who are the people that are watching that economy and know before you do?" Glenn said.

"The corporations. Because it's their job to know. When the corporations understand, 'Holy crap, this thing is -- this bubble is about to burst, this thing is -- the wheels are coming off of the economy, the global economy,' what is the first thing these guys are going to do with their stocks? They're going to sell it. They'll walk away with money."

So if they are the ones walking away with all the money, what happens to the average investor?

"Everyone else who is in mutual bonds or stocks or anything else, you'll be wiped out. But these guys will be very, very wealthy. And that is exactly what's happening. That is what's happening," Glenn said.

This is one place where Donald Trump is dead wrong. He's used to the old system and believes we can just print more money to dig ourselves out of the hole without defaulting.

"And this is the system that Donald Trump is used to. You game the system," Glenn said. "He always says, 'I came out great.' That's what's happening. The upper level is going to come out fantastic. The rich will get richer. And you will be left with nothing."

It wouldn't be a proper chalkboard lesson without a little parting wisdom from classic literature.

"To quote Rudyard Kipling, 'We had plenty of money, but nothing our money could buy.' Why? Because in the end, the federal government doesn't go broke. It doesn't go bankrupt. It prints money."

If this all plays out the way it's headed, Bernie Sanders' pipe dream of a $15 an hour minimum wage will be less than peanuts in the new economy. Do you "feel the Bern" now?

Listen to this segment from The Glenn Beck Program:

This week on the Glenn Beck Podcast, Glenn spoke with Vox co-founder Matthew Yglesias about his new book, "One Billion Americans: The Case for Thinking Bigger."

Matthew and Glenn agree that, while conservatives and liberals may disagree on a lot, we're not as far apart as some make it seem. If we truly want America to continue doing great things, we must spend less time fighting amongst ourselves.

Watch a clip from the full interview with Matthew Yglesias below:

Find the full podcast on Glenn's YouTube channel or on Blaze Media's podcast network.

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'A convenient boogeyman for misinformation artists': Why is the New York Times defending George Soros?

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On the "Glenn Beck Radio Program" Tuesday, Glenn discussed the details of a recent New York Times article that claims left-wing billionaire financier George Soros "has become a convenient boogeyman for misinformation artists who have falsely claimed that he funds spontaneous Black Lives Matter protests as well as antifa, the decentralized and largely online, far-left activist network that opposes President Trump."

The Times article followed last week's bizarre Fox News segment in which former House Speaker Newt Gingrich appeared to be censored for criticizing Soros (read more here). The article also labeled Glenn a "conspiracy theorist" for his tweet supporting Gingrich.

Watch the video clip below for details:

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The former ambassador to Russia under the Obama Administration, Michael McFaul, came up with "7 Pillars of Color Revolution," a list of seven steps needed to incite the type of revolution used to upend Eastern European countries like Ukraine and Georgia in the past two decades. On his TV special this week, Glenn Beck broke down the seven steps and showed how they're happening right now in America.

Here are McFaul's seven steps:

1. Semi-autocratic regime (not fully autocratic) – provides opportunity to call incumbent leader "fascist"

2. Appearance of unpopular president or incumbent leader

3. United and organized opposition – Antifa, BLM

4. Effective system to convince the public (well before the election) of voter fraud

5. Compliant media to push voter fraud narrative

6. Political opposition organization able to mobilize "thousands to millions in the streets"

7. Division among military and police

Glenn explained each "pillar," offering examples and evidence of how the Obama administration laid out the plan for an Eastern European style revolution in order to completely upend the American system.

Last month, McFaul made a obvious attempt to downplay his "color revolutions" plan with the following tweet:

Two weeks later, he appeared to celebrate step seven of his plan in this now-deleted tweet:

As Glenn explains in this clip, the Obama administration's "7 Pillars of Color Revolution" are all playing out – just weeks before President Donald Trump takes on Democratic candidate Joe Biden in the November election.

Watch the video clip below to hear more from Glenn:

Watch the full special "CIVIL WAR: The Way America Could End in 2020" here.

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Modern eugenics: Will Christians fight this deadly movement?

Photo by Olga Kononenko on Unsplash

Last month, without much fanfare, a new research paper disclosed that 94 percent of Belgian physicians support the killing of new-born babies after birth if they are diagnosed with a disability.

A shocking revelation indeed that did not receive the attention it demanded. Consider this along with parents who believe that if their unborn babies are pre-diagnosed with a disability, they would choose to abort their child. Upwards of 70 percent of mothers whose children are given a prenatal disability diagnosis, such as Down Syndrome, abort to avoid the possibility of being burdened with caring for a disabled child.

This disdain for the disabled hits close to home for me. In 1997, my family received a letter from Michael Schiavo, the husband of my sister, Terri Schiavo, informing us that he intended to petition a court to withdraw Terri's feeding tube.

For those who do not remember, in 1990, at the age of 26, Terri experienced a still-unexplained collapse while at home with Michael, who subsequently became her legal guardian. Terri required only love and care, food and water via feeding tube since she had difficulty swallowing as a result of her brain injury. Nonetheless, Michael's petition was successful, and Terri's life was intentionally ended in 2005 by depriving her of food and water, causing her to die from dehydration and starvation. It took almost two excruciating weeks.

Prior to my sister's predicament, the biases that existed towards persons with disabilities had been invisible to me. Since then, I have come to learn the dark history of deadly discrimination towards persons with disabilities.

Indeed, some 20 years prior to Germany's T4 eugenics movement, where upwards of 200,000 German citizens were targeted and killed because of their physical or mental disability, the United States was experiencing its own eugenics movement.

U.S. Supreme Court Justice Clarence Thomas documented some of this history in his concurring opinion in Box v. Planned Parenthood of Indiana and Kentucky, Inc., Justice Thomas describes how eugenics became part of the academic curriculum being taught in upwards of 400 American universities and colleges.

It was not solely race that was the target of the U.S. eugenics movement. Eugenicists also targeted the institutionalized due to incurable illness, the physically and cognitively disabled, the elderly, and those with medical dependency.

In 1973, the U.S. Supreme Court handed down Roe v. Wade, which wiped out pro-life laws in nearly every state and opened the floodgates to abortion throughout the entirety of pregnancy. Since then, 60 million children have been killed. Abortion as we know it today has become a vehicle for a modern-day eugenics program.

Since the Catholic Church was established, the Truth of Christ was the greatest shield against these types of attacks on the human person and the best weapon in the fight for equality and justice. Tragically, however, for several decades, the Church has been infiltrated by modernist clergy, creating disorder and confusion among the laity, perverting the teachings of the Church and pushing a reckless supposed “social justice" agenda.

My family witnessed this firsthand during Terri's case. Church teaching is clear: it is our moral obligation to provide care for the cognitively disabled like Terri. However, Bishop Robert Lynch, who was the bishop of the Diocese of St. Petersburg, Florida, during Terri's case, offered no support and was derelict in his duties during the fight for Terri's life.

Bishop Lynch had an obligation to use his position to protect Terri from the people trying to kill her and to uphold Church teaching. Indeed, it was not only the silence of Bishop Lynch but that of the United States Conference of Catholic Bishops (USCCB), which also remained silent despite my family's pleas for help, that contributed to Terri being needlessly starved and dehydrated to death.

My family's experience, sadly, has turned out to be more of the rule than the exception. Consider what happened to Michael Hickson. Hickson was a 36-year-old, brain-injured person admitted to a Texas hospital after contracting COVID-19. Incredibly—and against the wishes of Michael's wife—the hospital decided not to treat Michael because they arbitrarily decided that his “quality of life" was “unacceptably low" due to his pre-existing disability. Michael died within a week once the decision not to treat him was imposed upon him despite the efforts of his wife to obtain basic care for her husband.

During my sister's case and our advocacy work with patients and their families, it would have been helpful to have a unified voice coming from our clergy consistently supporting the lives of our medically vulnerable. We desperately need to see faithful Catholic pastoral witness that confounds the expectations of the elite by pointing to Jesus Christ and the moral law.

A Church that appears more concerned with baptizing the latest social and political movements is a Church that may appear to be “relevant," but one that may also find itself swallowed up by the preoccupations of our time.

As Catholics, we know all too well the reluctance of priests to preach on issues of abortion, euthanasia, assisted suicide, and other pro-life issues. We have heard that the Church cannot risk becoming too political.

At the same time, some within the Church are now openly supporting Black Lives Matter, an organization that openly declares itself hostile to the family, to moral norms as taught by the Church, and whose founders embrace the deadly ideology of Marxism.

For example, Bishop Mark J. Seitz of El Paso, Texas, knelt in prayer with a cardboard sign asserting his support for this ideology.

Recently, during an online liturgy of the mass, Fr. Kenneth Boller at The Church of St. Francis Xavier in New York, led the congregation with what appears to sound like questions affirming the BLM agenda. Moreover, while reading these questions, pictures of George Floyd, Breonna Taylor, and Ahmaud Arbery, assumed victims of racial injustice, were placed on the altar of St. Francis Xavier Church, a place typically reserved for Saints of the Catholic Church.

Contrast these two stories with what happened in the Diocese of Lafayette, Indiana, where Rev. Theodore Rothrock of St. Elizabeth Seton Church fell victim to the ire of Bishop Timothy Doherty. Fr. Rothrock used strong language in his weekly church bulletin criticizing the Black Lives Matter movement and its organizers. Consequently, Bishop Doherty suspended Fr. Rothrock from public ministry.

In 1972, Pope Pius VI said, “The smoke of Satan has entered the temple of God." It seems that too many of our clergy today are enjoying the smell.

I encourage all who are concerned about the human right to life and about Christ-centered reforms in our culture and our Church to raise your voices for pastoral leadership in every area of our shared lives as Christian people.

Bobby Schindler is a Senior Fellow with Americans United for Life, Associate Scholar at the Charlotte Lozier Institute, and President of the Terri Schiavo Life & Hope Network.