Glenn Beck: Fannie & Freddie mess


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GLENN: The Fannie Mae and Freddie Mac story. I always screw those names up. I don't --

STU: I think they officially on this program should be known by the opposite names.

GLENN: Okay.

STU: So it's Freddie Mac --

GLENN: Now we're going to do it -- I don't remember.

STU: So you do Fannie Mac and Freddie Mae.

GLENN: Fannie and Freddie get together. Let me see if I can find the date here. On February 28th I said that $3.6 billion was the loss announced by Fannie Mae. That's the country's largest backer of home loans yesterday, but instead of outrage, our government responded as it always does with a bailout. Almost exactly at the same time that Fannie Mae was revealing their billions in losses and saying there's more on the horizon, our government was announcing that they wanted to lift the cap on how many loans Fannie Mae could fund. Let's take on even more risk at your expense, said Washington. You're on the hook for America and it's going to get much worse. That's February 28th. "Oh, Glenn, stop being such a pessimist. Look, everything's being..." here it is. These two mortgage institutions run -- I'm sorry, run by private industry but consulted by the federal government, hold 50% of the mortgages in this country, 50%. $11 trillion. By the way, federal deficit, $9 trillion. The federal government yesterday made it official. They are going to back all of these loans. "You can trust with the full faith and credit of the United States." I don't have much more faith and credit in the United States! Wait a minute. You're -- oh, you're backing it up with U.S. Treasury dollars? Oh, well, those are hard to come by unless you happen to be standing by the printing machine that's printing 24/7. My gosh! Oh, with the full faith and credit, you can trust that our dollar is worth a lot.

So our debt -- our deficit is $9 trillion. Last night unbeknownst to you -- you didn't have a say in this -- they decided that they would take on an additional $11 trillion of debt. "Ah, we'll just put that one in this drawer over here." Right thing? Too big to fail, they say. Too big to fail. That's weird. Didn't I hear that about the other one that they said that they were no longer going to bail anybody out? Well, Bear Stearns, yeah, that's right. Too big to fail.

Richard Branson came out over the weekend and said something that I've been telling you since the beginning of the year. The airlines are going to fail. They cannot survive with this price of oil. The airlines are going to fail. Guarantee, mark my words. The airline -- that airline is going out of business? That airline is too big to fail. Everything is too big to fail. We pat ourselves on the back every time because we've saved that one. Ooh, we dodged that bullet. And yet we make the problem bigger because we're not curing the patient. We're putting a Band-Aid on it. We make the problem bigger and yet we all feel better about it. Well, you don't because you're smart. I'm a recovering alcoholic, former deejay with no formal education, for the love of Pete! I can figure this out but Chuck Schumer can't figure it out? Boy, that guy's dumb as a box of rocks, huh?

So too big to fail? We'll bail them out. We'll take on more. We're being pushed not into socialism. You know when we play this, we say, "Comrade!" Actually we're doing the wrong thing because we are headed into a new style of government. It's the style of government that Russia is doing now. They knew that this (playing Russian National Anthem) would fail. What they needed was a semblance of democracy but not really a democracy. You can -- a semblance of free trade. But then these oil companies, they're too important for the economy. So Russia will take care of all of the oil and the gas. All of the industry that has been folded in under the umbrella of Putin. We're being pushed into the same model that China and Russia are doing currently because the elites in Washington know better than you, the little people.

Which brings me to the EPA. A story that came out on Friday, the EPA is now going to control carbon because the Supreme Court says they can. They can regulate carbon. Didn't we dodge the bullet of the cap and trade thing that was going on in Washington? Didn't the people speak out and say no? Yes, but the Supreme Court says, don't have to go through that whole congress thing. That can be regulated by the EPA. In something that is going to cost you a fortune, the EPA is going to start regulating carbon. Why? Why involve all the messy people? Let's just let those nine judges figure it out. The same people that read the Constitution and only five out of the nine said, yeah, it's in the Constitution that you can own a gun. We patted ourselves on the back and said, wow, look at that; our Supreme Court understands that it actually says that in the Constitution! Where it's spelled out. It's actually written. While we were patting ourselves on the back, we didn't realize that four of those judges can't find those words in the Constitution. It's that close, four can't find them. What would it have said if Sandra Day O'Connor was in? Who knows. Who knows.

All right. So what's happening here? We're not letting a bank fail because it's too big. It's too important. The EPA can regulate carbon. Why? Because the judges say so. How does this relate to somebody shaking the panties of a 13-year-old to find nonprescription medication in the Ninth Circuit Court of Appeals? That one seems pretty obvious. Until you actually look at the case, who voted against the shaking of the panties? Who sided with? Because your initial gut says that's wrong, shouldn't happen, right? I don't want my 13-year-old strip searched. I'd be mad as hell. And that's what the parents were, and they took it to the court, sued them. The people that voted on the Ninth Circuit Court of Appeals -- remember my theory. If the Ninth Circuit Court of Appeals says it's one way, it must be the other. That's why I looked into this because I went, wait a minute here; I can't agree with the Ninth Circuit Court of Appeals, there's got to be something else. There is. It was the conservatives that said no, if the school district thinks that they want to strip search for ibuprofen, it is the school district's decision to make. Why? Why? Because the conservatives on the Ninth Circuit Court of Appeals understood that the closer you leave the power to the people, the better off the people will be. The Ninth Circuit Court of Appeals in the dissenting opinion said if the people don't like it, they should remove their school board members. They should change the school board. But the liberals said this is too important, this is too big. We need to protect people. They have loaded powder into a keg, just poured more powder into a keg. That's what's -- all of these stories have one thing in common. More powder into a keg. You must let things, small explosions or small failures, happen. You must. What they've done in the Ninth Circuit Court of Appeals is tempered your outrage. They have allowed these people to stay in power that made that decision and they've said to you, the Court is your protector. No, it is not. My voice is the protector. My vote is the protector. I am the protector, not the Ninth Circuit Court of Appeals, not the Supreme Court. The Supreme Court does not make the decision. I make the decision.

Now, let me ask you this: How is it the Ninth Circuit Court of Appeals says that the school district has the power, because they are closer to the problem -- listen to this one. How was it they said they're closer to the problem; leave the problem up to the people who are facing it every day; let those people decide what's going on because they know in their school district if they have some crisis of ibuprofen, they know; let them make the decision. And yet the Supreme Court said the military can't make the decision, the people who are closest to Guantanamo cannot make the decision. The people on the ground, the people who are, "No, no, no, the Court must make the decision." You can't have it both ways.

I ask you today, shouldn't we just give up on this whole presidential thing? Shouldn't we just give up on this whole Washington thing? It doesn't seem to be working. They only seem to be making it worse. And really aren't the people who are telling us how to live our lives just those nine people in Washington anyway? Why don't we just elect Supreme Court justices. Let them serve out for life. Why don't we just let -- it's a nice little system. They have it in Iran. Why don't we just allow these nine people to make all of our decisions and tell us what we can and cannot do in this country. Forget about the separation of power. Forget about three separate branches. Separate but equal, forget about all of that stuff.

As Thomas Jefferson said, if you allow the Supreme Court to tell any other branch exactly what they can do, then the Constitution is written in wax and it can be molded any way those people want to mold it.

So what is the picture that we're now looking at? What is it that they're molding us into? They're moving us into a direction where the people have less and less power, but what they forget is that we don't forget. We remember who has the power. We know who has the power, and they should stop putting gunpowder into the keg because it's only going to make things much, much worse.

The extreme-left idea that gender is "fluid" is a complete denial of science, according to sex researcher and neuroscientist Dr. Debra Soh.

Dr. Soh joined Glenn Beck on his latest podcast to talk about her new book, "THE END OF GENDER: Debunking the Myths about Sex & Identity in Our Society" and to offer a hard dose of objective truth about gender and sexual orientation based on scientific facts.

She also explained why she had to leave academia to be able to speak freely about sex and identity, and how — despite being a liberal — the far-left is actively trying to cancel her for saying there are biological differences between men and women.

Watch the video clip below or find the full episode of the "Glenn Beck Podcast with Dr. Debra Soh here.

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In February 2020, Glenn Beck and his research team uncovered an alleged multi-billion dollar money laundering scheme which lead to a missing $1.8 billion in U.S. aid sent to Ukraine during the Obama administration, all of which pointed to Igor Kolomoisky, the corrupt Ukrainian billionaire at the center of it all.

If you missed Glenn's February special, "Ukraine: The Final Piece," you can find it here.

This week, the FBI raided the offices of U.S. companies owned by Kolomoisky in Cleveland and Miami. Additionally, the Department of Justice accused the Ukrainian oligarch of stealing billions of dollars from PrivatBank and then laundering the money through a network of companies all over the world. Kolomoisky and partner, Hennadiy Boholyubov, owned PrivatBank until December 2016, when Ukraine nationalized the bank because billions of dollars had gone missing.

Kolomoisky has ties to the Ukrainian gas firm Burisma, former Burisma board member Hunter Biden, and Ukrainian President Volodymyr Zelensky, whose phone call with President Donald Trump was central to the Democrats' now-failed impeachment attempt.

On the radio program Friday, Glenn spoke with chief researcher Jason Buttrill about these latest developments.

"Yeah, $1.8 billion of [taxpayer] money that just vanished has now been found, or at least part of it, in Miami and Cleveland," Glenn said.

"I can't believe it's taken this long," Jason responded. "You said in February that [Kolomoisky] was the key to finding out where the money went. And we're talking about $1.8 billion dollars — $1.8 billion! That could finance a small war."

"That money went to PrivatBank — that's Kolomoisky's bank," he continued. "It was later nationalized after they found out all this money was mysteriously going missing. But it went through a bank in Cypress then, poof, it was laundered all over the world. [...] We also showed, in one of the previous shows, that there were wire transfers going from Burisma, which Kolomoisky is the managing principal of, to Hunter Biden."

Glenn and Jason also talked about recent reports from the Department of Homeland Security (DHS) alleging ties between American revolutionaries, such as Antifa, and Marxist terrorists in Syria, which BlazeTV exposed back in June. Find out more here.

Watch the video below for more details:



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The Federal Reserve is now doing two things it has promised never to do: purchasing our national debt, which has never been higher, and printing money, which leads to deflation. As a result, your money in the bank has already lost 10 percent of its value in recent weeks.

On the radio program, Glenn Beck explained how, thanks to the fed's poor decision making, our deficits have another dangerous effect: The United States' credit score has been downgraded, putting our country at risk of becoming an untrustworthy borrower. He also advises Americans to have at least a week's worth of cash at home, because a banking crisis could happen soon.

Watch the video below for more details:

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Black Lives Matter protesters sent a shocking, threatening letter to businesses and non-profits in Louisville, Kentucky. The letter made a series of demands related to racial reparations, and threatened consequences if the demands weren't met, the Daily Wire reported.

On the radio program Tuesday, Glenn Beck detailed the letter's list of demands and threats, and pointed out that these tactics are strikingly similar to those we've seen during some of history's darkest chapters.

The letter, which was sent to businesses in the East Market District in downtown Louisville, listed demands such as ensuring that at least 23% of staff are black, providing race and inclusion training for all employees, displaying a written statement professing support for the BLM movement, buying at least 23% of inventory from black retailers, and submitting to external audit.

"Repercussions for non-compliance" to these demands will result in sit-ins and protests being staged outside the business, social media smear campaigns, boycotts, negative media attention, and "invasive reclamation," the letter threatened.

"So, I'm making quite a charge here, but I think it absolutely fits," Glenn said on the show. "Carl Kaufman, the representation that was used by Hitler and his machine, he convinced the youth that they were the answer, they would finally take control, and they would bring equality. [Kaufman said] the Jews controlled everything, and because of the Jews, the Germans really didn't have any freedom. Because of the Jews, they couldn't do anything. They were held down by the Jews. He said, 'We're going to have to boycott those stores. And if those stores don't comply, we will keep our storm troopers outside of the doors.' And they did. They intimidated anyone who walked into those stores. They berated anyone who walked into those stores. They beat anyone who walked into those stores."

"I told you once, that if America goes dark, we'll become the darkest nation ever in the history of the world," Glenn continued. "Guys, we're allowing our nation to go dark. And we're doing it because of fear. Everybody knows this is wrong, but who is going to stand up against it?"

Watch the video below to hear more from Glenn:


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