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Is Bitcoin Doomed to the Same Fate as the Tesla Tower?

May 25, 2017
 Staff

WRITER

Some inventions are far ahead of their time. Could Bitcoin be one of them?

Thursday on radio, Glenn remembered Nikola Tesla and his tower invention that drew energy out of the sky and delivered it wirelessly --- for free. Unfortunately, banking titan J.P. Morgan, who was funding the project, had other ideas that involved making a profit. He pulled the plug on Tesla's revolutionary invention.

"Westinghouse recalled all of the equipment and Tesla was done with that. He was just 100 years ahead of his time," Glenn said.

Could big banking end the phenomenon of Bitcoin in the same way if we go to a cashless society?

"Bitcoin could be that with the central banks. We've got it, but we're cutting you out of power, and it falls apart," Glenn said.

GLENN: So I had been invited to go to Wardenclyffe this summer, which is on Long Island. And they're trying to raise money to rebuild Tesla's dream of Wardenclyffe. I'd like to -- I want you to listen to what happened at Wardenclyffe and tie it directly to bitcoin.

Tesla was trying to -- he -- he wrote -- he raised a bunch of money, mainly from J.P. Morgan. And he raised a buttload of money to develop radio, to develop some form of communication through the air. And J.P. Morgan was really interested in that. Well, Tesla, he goes to Denver because he believes there is more to the air than just communication. And so he's working on communication. But at the same time, he's working on his Tesla tower, which draws energy out of the sky. And so it pulls the energy from the atmosphere, and then -- and then broadcasts it through the earth.

So there's pictures of him putting lightbulbs in the dirt at night, and they're all lighting up. Okay?

It short-circuited -- freaked the people out in the Denver area. I think it was in Boulder. Freaked the people out because all kinds of things were blowing. He was -- he was causing some havoc.

STU: Maybe not quite ready yet.

GLENN: He wasn't quite ready yet. But it was truly remarkable. So he goes back and he says, "I'm really close," and get the money. And he says, "I want to build Wardenclyffe." So he starts to build Wardenclyffe, and as he gets it and he buys all this equipment from Westinghouse and everything else, he puts all the it in there, and as he's finishing up, Marconi says, "I have radio, and you can communicate." Boop, boop, boop. "Through the air."

Well, J.P. Morgan Chase said, "I'm pulling all my funding, as they just invented radio." And he's like, "No, no, no. There's more that you can do with radio than just boop, boop, boop. We can improve that. And the spectrum of using the wireless, as they called, radio, everything can be wireless. Electricity can be wireless." And J.P. Morgan says, "Wait a minute. What? Really? You can do this without wiring houses?"

Yes.

"Well, wait a minute. How do I make money? How are you going to meter it?"

You don't meter it! It's free. It comes from the sky.

Oh. Oh, no, no, no. I think you misunderstand, I'm not investing in things that are free. How do I make my money back?

Pulled the investment. Warden -- Westinghouse recalled all of the equipment. And Tesla was done with that. He was just 100 years ahead of his time.

Bitcoin could be that with the central banks. We've got it, but we're cutting you out of power, and it falls apart.

Why would Hunter Biden release a memoir NOW?

During his campaign, President Joe Biden survived scandal after scandal involving his son Hunter — the Ukraine/Burisma scandal, the laptop scandal, the one involving a stripper from Arkansas and a long-lost child. And yet, after it all appeared to have been swept under the rug, Hunter has now released a memoir — "Beautiful Things."

Filling in for Glenn Beck on the radio program this week, Pat Gray and Stu Burguiere discussed Hunter's "horrible" response when asked on "CBS This Morning" if the laptop seized by the FBI in 2019 belonged to him and reviewed a few segments from his new book, which they agreed raises the question: Is Hunter trying to sabotage his father's career?

Watch the video below for more:


Want more from Glenn Beck?

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 multi-platform network of voices who love America, defend the Constitution and live the American dream.

Glenn Beck: Here's why MAJOR companies are going all-out woke over Georgia's voting laws

Countless corporations — from Delta Air Lines, Coca-Cola, and Porsche to UPS and LinkedIn — are calling out the Georgia voting laws, calling them "restrictive," "racist," and "discriminative." Meanwhile, words like "stakeholder" and "equitable" are starting to show up in their arguments.

On the radio program, Glenn Beck gave the "decoder ring" for what's really going on here, because our society is being completely redesigned in front of our eyes.

There's a reason why all these big businesses are speaking out now, and it has very little to do with genuine ideology, Glenn explained. It's all about ESG scores and forcing "compliance" through the monetization of social justice.

Glenn went on to detail exactly what ESG scores are, how they're calculated, and why these social credit scores explain the latest moves from "woke" companies.

Watch the video below to hear Glenn break it down:

Want more from Glenn Beck?

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 multi-platform network of voices who love America, defend the Constitution and live the American dream.

Who is the REAL Jesus? THIS is what America needs to hear today

Dallas Jenkins is a storyteller — and he's telling the most important story of all time in a way that many believed was impossible.

Jenkins is the creator of "The Chosen," a free, crowdfunded series about the life of Jesus that rivals Hollywood productions. And Season 2 could not have arrived at a better time — on Easter weekend 2021. Church attendance has dropped, people are hungry for something bigger than all of us, and many are choosing social justice activism, political parties, or even the climate change movement as "religions" over God.

This Easter weekend, Jenkins joined Glenn on the "Glenn Beck Podcast" to discuss the aspects of Jesus that often get overlooked and break through the misconceptions about who Jesus really is to paint a clear picture of why America needs Emmanuel, "God with us," now more than ever.

Watch the full podcast below:

Want more from Glenn Beck?

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 multi-platform network of voices who love America, defend the Constitution and live the American dream.

Lara Logan: Biden's border crisis is enabling the 'MOST POWERFUL criminal organizations' on Earth

Award-winning investigative journalist Lara Logan joined Glenn Beck on the radio program this week to argue the Biden administration's border crisis is "enabling" drug cartels, allowing them to exploit migrants, use border wall construction roads, and cross the border much more easily.

Lara, who has witnessed and experienced firsthand some of the worst violence around the world as a war correspondent for CBS News, told Glenn it's "not an overstatement" to call the cartels in Mexico "the most violent and powerful criminal organizations on the face of the earth." And while they're "at war with us, we've been asleep at the wheel."

But Lara also offers solutions that the U.S. can enact to stop these horrific atrocities.

"There's more than 30,000 Mexican civilians who are massacred every year in Mexico by the cartels. And that's just the bodies that the Mexican government owns up to or knows about, right?" Lara said. "There's Mexicans buried in unmarked mass graves all across the country. I mean, everyone knows that the violence of the cartels is not like anything anyone has ever seen before. It even pales in comparison to, at times, to what terrorist groups like ISIS have done."

Lara went on to explain some of the unspeakable acts of violence and murder that occur at the hands of the Mexican cartels — 98% of which go uninvestigated.

"That's not unprosecuted, Glenn. That's uninvestigated," Lara emphasized. "[Cartels] operate with impunity. So the law enforcement guy, the policemen, the marine, the National Guardsmen, who are trying to do the right thing, who are not in the pocket of the cartels — what chance do those guys have? They've got no chance. You know where they end up? In one of those unmarked graves."

Watch the video below to catch more of the conversation:

(Content Warning: Disturbing content)



Want more from Glenn Beck?

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 multi-platform network of voices who love America, defend the Constitution and live the American dream.