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.

Terry Trobiani owns Gianelli's Drive Thru in Prairie Grove, Illinois, where he put up a row of American flags for the Fourth of July. But the city claimed he was displaying two of them improperly and issued him a $100 ticket for each flag.

Terry joined Glenn Beck on the radio program Tuesday to explain what he believes really happened. He told Glenn that, according to city ordinance, the American flag is considered "ornamental" and should therefore have been permitted on a federal holiday. But the city has now classified the flag as a "sign."

"Apparently, the village of Prairie Grove has classified the American flag as a sign and they've taken away the symbol of the American flag," Terry said. "So, as a sign, it falls under their temporary sign ordinance, which prohibits any flying, or any positioning of signs on your property — and now this includes the American flag. [...] The only way I could fly the American flag on my property is if I put it on a permanent 20 to 30-foot flagpole, which they have to permit."

Terry went on to explain how the city is now demanding an apology for his actions, and all after more than a year of small-business crushing COVID restrictions and government mandates.

"COVID was tough," Terry stated. "You know, we're in the restaurant business. COVID was tough on us. We succeeded. We made it through. We cut a lot of things, but we never cut an employee. We paid all our employees. I didn't take a paycheck for a year just to keep our employees on, because it was that important to me to keep things going. And, you know, you fight for a year, and you beat a pandemic, and then you have this little municipality with five trustees and a president, who just have no respect for small businesses. And right now, what I see is they have no respect for the republic and the United States ... I think it's terrible. The direction that government, at all levels, have taken us to this point, it's despicable."

Watch the video below to catch more of the conversation:


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The Biden administration is now doing everything it can to censor what it has decided is COVID-19 "misinformation." But Glenn Beck isn't confident that the silencing of voices will stop there.

Yeonmi Park grew up in North Korea, where there is no freedom of speech, and she joined Glenn to warn that America must not let this freedom go.

"Whenever authoritarianism rises, the first thing they go after is freedom of speech," she said.

Watch the video clip below from "The Glenn Beck Podcast" or find the full episode with Yeonmi Park here:

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Most self-proclaimed Marxists know very little about Marxism. Some of them have all the buzzwords memorized. They talk about the exploits of labor. They talk about the slavery of capitalist society and the alienation caused by capital. They talk about the evils of power and domination.

But they don't actually believe what they say. Or else they wouldn't be such violent hypocrites. And we're not being dramatic when we say "violent."

For them, Marxism is a political tool that they use to degrade and annoy their political enemies.

They don't actually care about the working class.

Another important thing to remember about Marxists is that they talk about how they want to defend the working class, but they don't actually understand the working class. They definitely don't realize that the working class is composed mostly of so many of the people they hate. Because, here's the thing, they don't actually care about the working class. Or the middle class. They wouldn't have the slightest clue how to actually work, not the way we do. For them, work involves ranting about how work and labor are evil.

Ironically, if their communist utopia actually arrived, they would be the first ones against the wall. Because they have nothing to offer except dissent. They have no practical use and no real connection to reality.

Again ironically, they are the ultimate proof of the success of capitalism. The fact that they can freely call for its demise, in tweets that they send from their capitalistic iPhones, is proof that capitalism affords them tremendous luxuries.

Their specialty is complaining. They are fanatics of a religion that is endlessly cynical.

They sneer at Christianity for promising Heaven in exchange for good deeds on earth — which is a terrible description of Christianity, but it's what they actually believe — and at the same time they criticize Christianity for promising a utopia, they give their unconditional devotion to a religion that promises a utopia.

They are fanatics of a religion that is endlessly cynical.

They think capitalism has turned us into machines. Which is a bad interpretation of Marx's concept of the General Intellect, the idea that humans are the ones who create machines, so humans, not God, are the creators.

They think that the only way to achieve the perfect society is by radically changing and even destroying the current society. It's what they mean when they say things about the "status quo" and "hegemony" and the "established order." They believe that the system is broken and the way to fix it is to destroy, destroy, destroy.

Critical race theory actually takes it a step farther. It tells us that the racist system can never be changed. That racism is the original sin that white people can never overcome. Of course, critical race theorists suggest "alternative institutions," but these "alternative institutions" are basically the same as the ones we have now, only less effective and actually racist.

Marx's violent revolution never happened. Or at least it never succeeded. Marx's followers have had to take a different approach. And now, we are living through the Revolution of Constant Whining.

This post is part of a series on critical race theory. Read the full series here.

Americans are losing faith in our justice system and the idea that legal consequences are applied equally — even to powerful elites in office.

Rep. Devin Nunes (R-CA) joined Glenn Beck on the radio program to detail what he believes will come next with the Durham investigation, which hopefully will provide answers to the Obama FBI's alleged attempts to sabotage former President Donald Trump and his campaign years ago.

Rep. Nunes and Glenn assert that we know Trump did NOT collude with Russia, and that several members of the FBI possibly committed huge abuses of power. So, when will we see justice?

Watch the video clip below:


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