Glenn Beck: Goodbye $700 billion...hello $7.4 trillion!

GLENN: The Drudge Report has Panic of '08. This story changes everything. This story is the story that you -- if this doesn't open your eyes, nothing will. This is the story that you need to send to all of your friends, anyone who has said to you, why are you -- oh, stop panicking; we've been through this before; oh, it's no big deal. This story will prove them wrong and if they don't get it on this story, they never, ever will. Most Americans will not get it even now. You will. Panic of '08, here's the headline in red on the front page of Drudge. The U.S. Government is prepared to lend more than $7.4 trillion on behalf of American taxpayers. That is half the value of everything produced in the United States last year. Let me repeat. The U.S. Government is prepared to lend more than $7.4 trillion on behalf of American taxpayers. That is half the value of everything produced in our nation last year. They are doing it to, quote, rescue the financial system since the credit markets seized up 15 months ago. The unprecedented pledge of funds includes $2.8 trillion already tapped by the financial institutions.

Remember I said about four weeks ago it's not $700, stop saying $700 billion, stop focusing on that; that number is $3 trillion? That comes from my researchers just trying to paste things together, just trying to figure out what they've actually done. We came up with a number of $3 trillion. Now Bloomberg reports it's $2.8 trillion. Quite honestly I'd count on our numbers. This dwarves that approved by lawmakers, the $700 billion Troubled Asset Relief Program. Key phrase: The equipment of $7.4 trillion dwarves the only plan approved by lawmakers, The Treasury Department's $700 billion Troubled Asset Relief Program which, by the way, they decided they weren't going to do. The only thing that our representatives agreed to do, they didn't do. The price tag for what we agreed to do was $700 billion. They have just spent $2.8 trillion and today they have agreed to $7.4 trillion. The Federal Reserve's lending last week, tell me that there's a problem with lending in this country. The Federal Reserve's lending, they lend to banks, was 1900 times the weekly average for three years before the crisis.

Okay, so what does all of this mean? I am no longer going to even listen to anybody who says to me, "Oh, that's crazy; that will never happen." I have been saying these things for two years. I've been talking about the perfect storm for five years. It has come to shore and everyone has said to me, and even I have said on the air, "You're right, it is crazy; I hope these things don't happen." I have had dinner after dinner, I've had meeting after meeting, I've had conversations on and off the air with some of the greatest minds around today and they have all said the same thing: Glenn, well, so many things have to happen. And I said no, the only thing that has to happen is people have to continue to be blind. The people who set this up are the people -- and I don't mean set it up like it's a Star Chamber. The people who designed this financial system are arrogant. They keep saying, "Well, this will never happen, well, that's where we have this valve and this valve." If you use the common sense of a self-educated guy, of a farmer, of a guy who just runs his household, if we use the common sense that you have, if you stop looking at the global economy like magic and you start looking at it just like a macro version of your house, you will understand it won't work! No matter how many things that you do, how many tricks you try, no matter what you name things and how many acronyms you give things so people can't understand it, it still boils down to, it doesn't work.

So I have to ask anyone who's within the sound of my voice. I have said to you, please prepare, and the biggest problem with it is people will say, "Oh, he's just doom and gloom. Oh, he's just, he's crazy. Oh, those things aren't going to happen." And I said to you, Stu, how many -- I said four months ago and you said it was a lot longer than that. Do you remember how many months ago? It was six months ago, a year ago? Somebody can look it up. I said the Dow is going to be at 7500. People said to me at the time, "That's crazy, Glenn." I think at the time I said it was at 13,000. "That's crazy. Do you know what it would do to the economy?" I said, "Yes, you're missing the point. Yes, I do understand. I know what that means." Well, we hit 7500 last week. We're going to hit 5,000, not because of anything else other than this system is not going to stand. We're not allowing the purge of the system. We're propping up -- we haven't learned our lesson from the Nineties and the dot-com bubble. You are creating a money bubble. First it was the dot-com bubble. It popped because it wasn't real. And to save the dot-com bubble and to save us from all of that pain of what that would cost, what we did is we created another bubble. By pumping more money in, making it easier to get loans, we pumped another, more money into it and people went out and they bought stuff. So we created a housing bubble and a credit bubble. Well, now that that has popped, what are we doing? We're creating another bubble but, gang, it's the last bubble. It is the money bubble. We are pumping money into the system.

Now, they will tell you that $7.4 trillion, that's just pledged money, that's just to give people confidence. Understand that we were at the top -- do you remember two years ago, three years ago, five years ago I was trying to get a hold of David Walker to find out about the actual national debt and how on the edge we are on the national debt? That's when we knew at the time we had $7 trillion in debt and at the time I think $45 trillion on Social Security and Medicare. We've added to that. Now we have a $10 trillion debt, and the same people that told us the debt is going to kill us, the debt, we've got -- we can't fight this war, we can't afford these things, look at the debt, the debt, the debt, are the same people, both Republican and Democrat now that are telling us the debt doesn't matter. The debt matters! The debt matters in your house. Stop looking at it as magic tricks.

Everything comes down to the two Senate runoffs in Georgia. If we lose both races, we lose the country. Democrats know this and are pouring in millions to usher in a Marxist agenda.

As the Left tries to hide how radical the two candidates really are, Glenn takes us inside the Democrat war room to expose the wolf in pastor's clothing, Raphael Warnock, and America's Justin Trudeau, Jon Ossoff. Socialism, the Green New Deal, and "defund the police" are all on the table. And Glenn warns of what's to come if conservatives don't activate: Chuck Schumer will weaponize the Senate, and the radical Left will launch an all-out assault to ravage the Constitution.

Watch the full special below:

The election and its aftermath are the most important stories in America. That's why we're offering our most timely discount ever: $30 off a one-year subscription to BlazeTV with code "GLENN." With BlazeTV, you get the unvarnished truth from the most pro-America network in the country, free from Big Tech and MSM censors.

Sen. Ted Cruz (R-Texas) joined the "Glenn Beck Radio Program" to explain how mail-in ballots are typically disqualified during recounts at a far higher rate than in-person, Election Day ballots, and why this is "good news" for President Donald Trump's legal battle over the election.

"One of the things that gives the greatest cause for optimism is, this election ... there's a pretty marked disparity in terms of how the votes were distributed. On Election Day, with in-person voting, Donald Trump won a significant majority of the votes cast on in-person voting on Election Day. Of mail-in voting, Joe Biden won a significant majority of the votes cast early on mail-in voting," Cruz explained.

"Now, here's the good news: If you look historically to recounts, if you look historically to election litigation, the votes cast in person on Election Day tend to stand. It's sort of hard to screw that up. Those votes are generally legal, and they're not set aside. Mail-in votes historically have a much higher rate of rejection … when they're examined, there are a whole series of legal requirements that vary state by state, but mail-in votes consistently have a higher rate of rejection, which suggests that as these votes begin being examined and subjected to scrutiny, that you're going to see Joe Biden's vote tallies go down. That's a good thing," he added. "The challenge is, for President Trump to prevail, he's got to run the table. He's got to win, not just in one state but in several states. That makes it a lot harder to prevail in the litigation. I hope that he does so, but it is a real challenge and we shouldn't try to convince ourselves otherwise."

Watch the video clip below to catch more of the conversation:

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Fox News senior meteorologist Janice Dean is perhaps even more disgusted with New York Gov. Andrew Cuomo (D) for his coronavirus response than BlazeTV's Stu Burguiere (read what Stu has to say on the subject here), and for a good reason.

She lost both of her in-laws to COVID-19 in New York's nursing homes after Gov. Cuomo's infamous nursing home mandate, which Cuomo has since had scrubbed from the state's website and blamed everyone from the New York Post to nursing care workers to (every leftist's favorite scapegoat) President Donald Trump.

Janice joined Glenn and Stu on the "Glenn Beck Radio Program" Tuesday to ask why mainstream media is not holding Gov. Cuomo — who recently published a book about his leadership during the COVID-19 pandemic — accountable?

"I'm vocal because I have not seen the mainstream media ask these questions or demand accountability of their leaders. [Cuomo] really has been ruling with an iron fist, and every time he does get asked a question, he blames everybody else except the person that signed that order," Janice said.

"In my mind, he's profiting off the over 30 thousand New Yorkers, including my in-laws, that died by publishing a book on 'leadership' of New York," she added. "His order has helped kill thousands of relatives of New York state. And this is not political, Glenn. This is not about Republican or Democrat. My in-laws were registered Democrats. This is not about politics. This is about accountability for something that went wrong, and it's because of your [Cuomo's] leadership that we're put into this situation."

Watch the video excerpt from the show below:

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As America grows divided and afraid to disagree with the Democrats' woke plan for America, Megyn Kelly is ready to fight back for the truth. For nearly two decades, she navigated the volatile and broken world of the media. But as America leans on independent voices more than ever, she's breaking new ground with "The Megyn Kelly Show."

She joined the latest Glenn Beck Podcast to break down what's coming next after the election: Black Lives Matter is mainstream, leftists are making lists of Trump supporters, and the Hunter Biden scandal is on the back burner.

Megyn and Glenn reminisce about their cable news days (including her infamous run-in with then-presidential candidate Donald Trump) and to look into the chaotic and shady world of journalism and the growing entitlement it's bred. For example, many conservatives have been shocked by how Fox News handled the election.

Megyn defended Fox News, saying she believes Fox News' mission "is a good one," but also didn't hold back on hosts like Neil Cavuto, who cut off a White House briefing to fact check it — something she never would have done, even while covering President Obama.

Megyn also shared this insightful takeaway from her time at NBC: "Jane Fonda was an ass."

Watch the full podcast here:

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