Glenn Beck: $134.5 billion mystery


Deroy Murdock


- National Review Online columns

GLENN: We have Deroy Murdock. He is with Scripps‑Howard, syndicated columnist, been following this. And you've been ‑‑ you are like the only one covering any of this. Can you bring him up, please, Dan? Are you there?

MURDOCK: Hello, Glenn, how are you?

GLENN: You are the only one covering this, you and the Financial Times.

MURDOCK: It's pretty FT, you and me, all three of us.

GLENN: Why? Do you have any idea?

MURDOCK: I guess we can be charitable saying we've got the chaos in Iran going on here, all sorts of stuff happening, we've got the U.S. Open.

GLENN: U.S. open. I want to go through a couple of these inconsistencies here and see what you have and see if you can come up with any logical explanations to make this all go away because I think you and I both agree this could be nothing, but something's wrong.

MURDOCK: I wouldn't say it's nothing. The best‑case scenario is that this is a major counterfeiting operation or at least an attempt at a major counterfeiting prime, if you will. That's nothing when you are dealing with numbers like this. So this is a big story whether these are real bonds or fake bonds.

GLENN: Worst‑case scenario?

MURDOCK: Worst‑case scenario is that this is an effort by either Japan or China or some major country to unload a lot of dollars because they are afraid the dollar's going to tank and they are trying to get out early while they can without dumping so much that the entire world notices and they develop panic kind of like trying to sneak out of the room very quietly. And if you've got a major player like Japan or China, whichever it is, having that little confidence in the dollar because of our spending and printing money, that's a very, very bad sign.

GLENN: What would that mean to us?

MURDOCK: I think what it would mean is at some point bond traders and currency traders are pretty savvy people and if they start seeing that people are sneaking out of the room, then rather than a couple sneaking out, you get people rushing for the exits and if you have a real run on the dollar and the dollar drops by a major ‑‑ by a consistent amount, that pushes up gas prices, that slows down the economy, that increases our borrowing costs. That has an effect on the federal budget and it just creates even more economic headwinds which is exactly what we don't need right now.

GLENN: Okay. So here are the inconsistencies in this story. The smugglers have been identified in the press as Japanese nationals. Have you received any confirmation that they are Japanese nationals?

MURDOCK: People think they are Japanese but there's been no clear confirmation that they are.

GLENN: We talked to somebody, somebody who knows, protocol on, you know, embassies and everything else and ask them, if you arrest someone with a Japanese passport or an American passport, does the consulate know. He said it is standard operating procedure. This isn't a Banana Republic. This is Italy. It is standard operating procedure for the officials to notify the consulate that we have your citizens; they are being held for X, Y or Z. We called on Friday, we called the treasury, the Secret Service, the office of, what is it, budget and debt or something like that.

MURDOCK: The Bureau of Public Debt which is a division of the treasury department.

GLENN: Correct. We got the runaround with all three of them. We were then sent to whatever the Italy, you know, financial Secret Service is over there.

MURDOCK: The financial police, the (inaudible) it's called.

GLENN: Uh‑huh. And they sent us to the local police. The local police sent us to the Japanese consulate. The Japanese consulate said they didn't have anything. There's no one that will confirm or deny any part of this story of who they are, where they come from or if they are even being held.

MURDOCK: Remarkable, isn't it? You've got fingers pointing in every direction and mouths being covered. And no one will ‑‑

GLENN: Which leads you to believe ‑‑ the treasury said to me on Thursday, the bureau of debt.

MURDOCK: Public debt.

GLENN: Public debt, said that these are obvious fakes. Now, my problem with that was obvious fakes? It's taken you how many weeks to decide that they were obvious fakes?

MURDOCK: This is again very strange. This whole incident occurred on June 3rd. It took two weeks. June 17th was last Wednesday when I was working on this story and I saw this story from the ‑‑ well, let me back up a little bit. The Italian authorities according to Bloomberg had contacted the Securities & Exchange Commission to determine whether the bonds were real or fake. I contacted the SEC and the spokesman there said, "I think I'm going to decline to comment." So he wouldn't say what was going on. And then later that evening I saw a story from I believe Bloomberg saying that the treasury department, in fact, determined that they were fakes and this is according to treasury spokesman Steven Meyerhardt. That's Wednesday night. Then Thursday evening about 4:30, roughly 24 hours later, Reuters, which is a very well respected and well known international news agency authorities the authorities are still trying to determine whether the bonds are fake or real. This is 24 hours after the treasury department says they are fake. So again ‑‑

GLENN: Now, wait, wait. I have an update for you.

MURDOCK: Okay.

GLENN: On Friday, because I saw that Reuters story, too, and I said wait a minute, something's ‑‑ I mean, we were just told. How could this story be true with Reuters?

MURDOCK: Yeah.

GLENN: Reuters stands by their story. So we call the treasury back: The Secret Service issues a statement for air and the statement was, of everything that we have seen on the Internet, the photos that we have seen of these bonds on the Internet, tell us that they are most likely fakes.

MURDOCK: Isn't that remarkable?

GLENN: On the Internet?

MURDOCK: Isn't that amazing? You've got somebody walking around with $134.5 billion, not million, folks, billion with a B, $134.5 billion which would be equal to approximately 1% of our economy and about 3% of the federal budget if you do rough calculations and you would think over a two‑week period, 14 days, the United States government would manage to get some guys from the Secret Service, the treasury or whatever it is, SEC to hop on some planes, fly over to Italy, sit down with their opposite numbers, their colleagues from Italy and look at these things with magnifying glasses or microscopes or special pens or radars, lasers, whatever it is and say these things are fake or these things are real. And after two weeks you still have people saying, gee, I'm not sure. Reuters says they're not sure if they're fake or not; the treasury says they are. We still have a lack of clarity here. Over $134.5 billion question.

GLENN: They say that these ‑‑ this is according to the Bloomberg article that was early. They said these bonds were dated as of 1934, but $500 million bonds didn't exist in 1934. Police are still waiting for the declaration regarding the bond's authenticity from the SEC, yada, yada. How can anyone say that these would be indistinguishable if they were indeed dated 1934? It would make it a cartoon.

MURDOCK: It would, yeah. If they ‑‑ it would be like seeing an article, you know, newspaper talking about President Obama dated 1965 or something like that.

GLENN: Yeah, it doesn't ‑‑ it defies logic.

MURDOCK: Then if that's the case, then on Day One or Day Two they should have said people at the arrested at the Italian border carrying counterfeit documents, we've inspected them on the scene, everybody go back to work, there's nothing to see here. And instead after two weeks you still get these inconsistencies and these ongoing questions.

GLENN: Now, you have also that these would be counterfeit. If they would be counterfeit, just help me out on this. Again we may have cartoon characters counterfeiting money that think also the best way to kill people is to drop a safe from a window or a piano out of a window, right. And those people, there are stupid people. But generally speaking you can't make a counterfeit bond on your Xerox machine and so they make this counterfeit bond but they make them in denominations that no one has ever seen before.

MURDOCK: That's right.

GLENN: And they are apparently trying to fence something that only a government would have had.

MURDOCK: That is correct. If you are a counterfeiter and you want to make a fake document of whatever kind, you need a real document as a basis. Now, if you were going to make fake $20 bills, it's very easy. Go to the bank, get yourself a $20 bill and then you start making your copies. If you want to make fake $500 million bonds, which is what most of these were, 249 of them, you've got to get yourself a real $500 million bond as a model. Where do you get that? You don't just go to the bank and pick one up. You don't just walk into some insurance agents and say I'd like to borrow your $500 million bond. I don't think the Chinese or Japanese or Australian treasury department would say, yeah, go ahead and borrow our $500 million bond, just bring it back when you are done. So the question is how did even cartoon‑like counterfeiters as you describe them get their hands on one of these things? Now, it could be that they have got some insider who is slipping these things out after hours saying, okay, you've got the weekend, you know, bring it back before Monday morning, then I'll put it back in the safe. Even if that's the case, you've got yourself a leak somewhere in some major national bank who's letting this stuff slip out because these are not, they don't circulate pri vately, they circulate among governments.

GLENN: Don't they have serial numbers?

MURDOCK: I believe they have serial numbers, yes. And it ought to be pretty easy to trace and track and match the serial numbers with the countries that originally got these because again this doesn't trade like currency when you go pay for your groceries or go pay money to a cabdriver.

GLENN: If I had a ‑‑ let's just say I had a $500 million bond and they were real, okay? I mean, you know, they actually printed a $500 million bond and, you know, we found the suitcase over in Italy and you were the treasury. Wouldn't you be able to, over in Italy, call you in the treasury and say, "Hey, we just have this certificate; it's $500 million; it's serial number 117945," and the treasury be able to look that up and say that belongs to Glenn Beck?

MURDOCK: I would think so. I would think so. It's possible between 1969 when we stopped issuing bonds that size and now those records got lost, but I would think seriously that if the U.S. Government wants to keep track of its public debt, they would have those records. They should have those records.

GLENN: I don't think we would lose 500 ‑‑ where did I put that receipt for $500 million?

MURDOCK: I don't think we would lose receipts for that kind of money, I don't think so. I would think it might take a little while to dig them up but those records have to exist, they must exist.

GLENN: Deroy, just off the ‑‑ I don't even know if you want to go on record because you are not a conspiracy guy, you are not a ‑‑ I mean, you are a serious dude.

MURDOCK: I have my serious moments, yes.

GLENN: You want to go out on a limb and speculate on what you think this is going to end up being?

MURDOCK: It's hard to say. I think you can make a plausible argument for any of these things. This could be people who look like Japanese nationals but actually are North Koreans who are trying to do something either to get actual money or maybe just to create some confusion and harm the U.S. dollar and harm the U.S. economy by creating doubts about whether our bonds are legitimate or not. This could be a legitimate government trying to sneak out the door, if you will, quietly and unload some dollars before the dollar gets weaker. There is an argument that this was something done by the Italian Mafia. But if this were the Italian Mafia, why would they not just give the Brie case to some Italian citizens who speak the language, blend right in, can go across the border without being noticed. No, let's not do that. Let's find two Japanese guys, give them the briefcase and let them stand out and get caught. That doesn't make any sense.

GLENN: Is there any ‑‑ I mean, just the number sticks out to me and this is it. $134.5 billion. Exactly the amount of money that we had in TARP. Is there anything that would say to you that our government is double‑dealing on debt, issuing more debt than we are wanting to admit?

MURDOCK: Boy, this is a hell of a way to do it. I can't imagine that the U.S. Government, if we are trying to collect more money than we were able to, would engage in this sort of thing. I mean, the Fed certainly can create money. They just do it like that. That's easy.

GLENN: Right.

MURDOCK: It is interesting that this $134.5 billion figure matches the act amount of money that was left in the TARP account on March 30th.

GLENN: Coincidence.

MURDOCK: Isn't that odd, what a bizarre coincidence, how strange that is.

GLENN: But it is ‑‑ but you do believe it's just a coincidence?

MURDOCK: Who knows. This is a very, very strange case. Now, I can tell you that again the strangest continues. There's something called Turner radio network and they are reporting ‑‑

GLENN: No, I checked into that. No, no, Deroy, checked into that.

MURDOCK: I called and no one answered the phone. I thought that was odd.

GLENN: There's a reason. I'll explain that to you off the air.

MURDOCK: Okay.

GLENN: And I saw that today and it's ‑‑ uh‑uh. Deroy, thank you very much. We'll talk again.

MURDOCK: Very good. Thanks a lot. Bye‑bye.

Glenn has focused on exposing the dark side of the gender movements waging our culture war, and now, there's a new "trend" emerging as an offshoot to the transgender movement. A growing online community, particularly of men, who consider themselves "involuntarily celibate" or "incels" believe they can live a better life as a trans woman. Why? This community purports the world is rigged against men, particularly against traditionally "unattractive men." What's the solution? Stop being a man...

Incel or "involutarily celibate" communities have existed online in the dark corners of Reddit and Discord for years. The groups are marked by a hatred towards women, blaming them for rigging the world in their favor and denying them of sex. Several members of this growing community have been responsible for large acts of violence, most notably Alek Minassian, who killed 10 and injured 16 after driving a van into a busy area of Toronto in 2021.

However, the transgender movement has presented a new option for incel members: if you can't beat 'em, join 'em... or, in the Transmaxxers' case, "become them."

The online Transmaxxer's Manifesto says, “Since females have the upper hand on the dating market, transitioning from male to female will usually improve your options when it comes to getting sex.” According to the manifesto, transitioning to female not only opens up a different pool of sexual partners, but moreover, you gain access to female-only spaces and are “able to extract resources from males.”

“Since females have the upper hand on the dating market, transitioning from male to female will usually improve your options when it comes to getting sex.”

Another member wrote, "If you do not currently feel like living as a female you might have to work on fixing that ... Identifying as male or being emotionally attached to a male body is bad for you if being male results in you living a bad life.”

This new movement is significant because it is in stark contrast to the mainstream narrative that "transgenderism" is an innate quality. Now, it can be an "option" people choose for social advantage. A moderator going by the alias “Vintologi” on the Transmaxxing Discord server, which boasts over 1,200 members, told The Daily Caller:

Transmaxxing is about transitioning for personal gain rather than focusing on things like "gender identity." ... What matters when it comes to medical transition is whether or not said transition would actually be beneficial, thus the extent to which gender identity is innate does not inform us much regarding when medical transition is appropriate.

One incel member on Reddit lamented that he can't Transmaxx to "have sex with white trans women" and to have "all the benefits of [being] female."

Transmaxxing sheds light on a concerning issue as an increasing number of people, particularly the youth, identify as "transgender." What used to be considered as a "finge case" is now being seen as a social advantage. Glenn recently sat down with de-transitioner Chloe Cole, and the amount of pressure she experienced to become a transgender man AS A TEENAGER was ASTOUNDING. She discussed the new community, friendships, and affirmation she gained when she started her transition journey, and she lost ALL of those social perks when she began de-transitioning. She exchanged affirmation for death-threats, friendships for stone-cold silence.

Transmaxxing is a very specific example of a larger movement that is deeply concerning. Not only is the thansgender ideology problematic on its own merits, but now, we are seeing a rise of a distinction of "social advantage" based on gender affiliation. This is deviating away from the original notion that transgenderism is an innate quality. Now, many consider it more "socially advantageous" to identify as transgender than with your biological gender.

At the same time President Biden's misplaced classified documents were sitting in his house, garage, and office at the Penn Biden Center, a whole lot of Chinese money was flowing around him. Is this just a coincidence, or did the Chinese get anything in return? Investigative journalist John Solomon joins to break down what was going on here ...

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Here are 5 RIDICULOUS moments from the Davos summit

Dimitrios Kambouris / Staff, FABRICE COFFRINI / Contributor, JOSEPH EID / Contributor | Getty Images

Glenn has been warning about the dangers of the World Economic Forum and The Great Reset, which is the WEF's goal to utilize the crises like the COVID pandemic to create a leftist Utopia. Now, these goals continue to take shape at the World Economic Forum summit in Davos. Here are five ridiculous moments from this year's summit that shed light on their ultimate vision Glenn has been warning about.

1. Ex-CNN host Brian Stelter hosts the WEF panel on "disinformation," calling for the criminalization of "hate speech" in the U.S.

The former host of Reliable Sources was fired from CNN in 2022 for raking in the network's worst ratings since 2019. CNN's CEO at the time, Chris Licht, accused Stelter of "drawing ire from conservatives" for misrepresenting the facts and propagating false narratives to demonize conservatives. Licht fired Stelter because he was a liability to CNN's attempt to "re-brand" itself as a "reliable" news source.

You would think the World Economic Forum could have found a more credible host for its "disinformation," than Brian Stelter, and it comes with little surprise Stelter's panel called for the continued censorship of conservatives.

Stelter asked his panel, "How does this discussion of disinformation relate to everything else happening today in Davos?"

Vice-President of the European Commission Vera Jourová answered "illegal hate speech" from right-wing extremists, and then called for the criminalization of hate speech in the U.S., asserting, "I think that we have a strong reason why we have this in the criminal law" within the EU.

As former Trump advisor Stephen Miller pointed out, Stelter's refusal to further challenge Jourová's call for censorship is indicative of his failed career as a journalist.

2. Al Gore warns of "rain bombs," "boiling oceans," and "xenophobia" as a result of climate change.

Gore's speech "speaks" for itself...

After asserting that we're creating an "open sewer" in the troposphere, Gore exclaimed:

That’s what’s boiling the oceans, creating these atmospheric rivers, and the rain bombs, and sucking the moisture out of the land, and creating the droughts, and melting the ice and raising the sea level, and causing these waves of climate refugees!
Watch the latest video at <a href="https://www.foxnews.com">foxnews.com</a>

Speaking of refugees, Gore blamed the mass migrations of people on... you guessed it... climate change! Of course this leads to "xenophobia" and "fascism," so if we hate "xenophobia" and "fascism," we need to stop climate change IMMEDIATELY. Plus the rain bombs...

Does this sound reminiscent of the "Man-Bear-Pig?"

Courtesy of South Park

3. Siemens AG Chairman Jim Hagemann urges for 1 million people to NOT eat meat—predicting a "meatless future."

It wouldn't be a World Economic Forum summit if bugs didn't take center stage. Siemens AG Chairman Jim Hagemann said he was inspired by his 24-year-old daughter to stop eating meat to fight climate change and urged one million people to stop eating meat to balance out jet emissions—like the jets his fellow attendees used to travel to the conference?

Here's what he said:

If a billion people stop eating meat, I tell you, it has a big impact. Not only does it have a big impact on the current food system, but it will also inspire innovation of food systems."
Watch the latest video at <a href="https://www.foxnews.com">foxnews.com</a>

Of course, finding "alternative sources of protein" means... you guessed it... BUGS. The EU is already cutting down on cattle farms and promoting the building of insect farms to initiate this "protein transition."

4. John Kerry calls Davos attendees a "select group" with an "almost extraterrestrial" plan to save the planet.

Kerry's opening speech at Davos shows the type of elitism the attendees believe about themselves. They are the "special ones" who can gather at a Swiss resort town to discuss how to "save the planet" and the "little people" who are too ignorant to have a say in the matter. His words speak for themselves:

When you start to think about it, it's pretty extraordinary that we — select group of human beings because of whatever touched us at some point in our lives — are able to sit in a room and come together and actually talk about saving the planet [...] I mean, it's so almost extraterrestrial to think about saving the planet [...] f you say that to most people, most people think you're just a crazy, tree-hugging, lefty liberal, you know, do-gooder, or whatever, and there's no relationship. But really, that's where we are.
Watch the latest video at <a href="https://www.foxnews.com">foxnews.com</a>

Well, not everyone was amused...

Businessman and conservative Tim Acheson called Kerry’s words, "Liberal delusions of grandeur." Jordan Peterson also tweeted, "Who are you going to sacrifice to save the planet, @JohnKerry -- and do you think and how will you ensure that they have any say in the matter?"

5. Davos attendees traveled on more than 1,000 private jets to the conference.

Greenspace, an environmentalist research group, estimates the total emissions used by Davos attendees on their private jets while traveling to the conference is equivalent to "about 350,000 average cars."

Greenspace also found that 53 percent of all private jet trips were short-haul flights of less than 470 nautical miles that "could have easily been train trips." This comes amid the EU's push to ban short-distance flights and opt for train travel instead, which many continue to point out.

Closing thoughts

What once sounded like conspiracy theories are now taking shape amongst the global elites at Davos. As Glenn continues to shed light on the dangers of the World Economic Forum, here's how YOU can fight back against their goals that threaten our freedoms and democracy.

In honor of the World Economic Forum summit in Davos, we would like to resurrect this gem from Glenn's Instagram archive. If "the Great Reset" doesn't work out, Schwab should consider reaching out to the Bond franchise for a Plan-B career.

Be sure to follow Glenn on Instagram for more!

This is part of our ongoing series on "The Great Reset." To read similar content, click here.