Glenn Beck: The day the economy almost died



$550 Billion Disappeared in 'Electronic Run On the Banks'... Skip to about 2:15 in the video...

GLENN: So there's a video that's going around the Internet of a congressman out of Pennsylvania who, he was the guy who said, you know, I want to set up a reasonable profits board. A reasonable profits board? Don't laugh. FDR was doing it. So he wants to set up a reasonable profits board.

Now, he comes out and he's doing this interview on C-Span, and he just starts talking about the day the economy almost died. This is something that if you're a listener of this program and you pay attention to what we were saying and you see some of the stuff we talked about, we talked about this on one day but I couldn't get any more information. I had a little bit of information from my deep throat but that was it. And there was a meltdown and it was the day of the, I believe it was the mutual funds, right? And he's going to explain it here. The what? The money markets. And they were -- there was a meltdown and it is what started this ball rolling. I said at the time, my question was who started this ball rolling, but this is so much bigger. I want you to listen to this story and this congressman as he talks about the day the global economy almost melted down. This is from C-Span.

VOICE: It was about September 15th. Here's the facts, and we don't even talk about these things. On Thursday at about 11:00 in the morning, the Federal Reserve noticed a tremendous drawdown of money market accounts in the United States to the tune of $550 billion was being drawn out in a matter of an hour or two. The Treasury opened up its window to help. They pumped $105 billion in the system and quickly realized that they could not stem the tide. We were having an electronic run on the banks. They decided to close the operation, close down the money accounts and announce a guarantee of $250,000 per account so there wouldn't be further panic out there and that's what actually happened. If they had not done that, their estimation was that by 2:00 that afternoon, $5 1/2 trillion would have been drown off the money market system of the United States, would have collapsed the entire economy of the United States and within 24 hours the world economy would have collapsed. Now, we talked at that time about --

GLENN: Okay. Stop for a second. Stop for a second. Do you understand what he just said? That somebody, within an hour, there was some electronic run on the bank where something was happening. I can't believe we still don't know who -- and if this was coordinated. But $550 billion in an hour left our shores. $550 billion. That's -- do you remember when $550 billion used to be a lot of money? And he said if they would have allowed it to continue, 5, what was it, $5 1/2 trillion. By the end of the day, $5 1/2 trillion of wealth, gone from our shores. But they shut it down. We would have collapsed. It started at 11:00 in the morning. We would have collapsed by that afternoon. And the rest of the world would have collapsed within 24 hours. Do you see how fragile we are? Good. Okay. Now let's follow the conversation because there's much more than just, "Well, who did that." We can come back to who did that. Listen to what else he's saying.

VOICE: Now, we talked at that time about what would happen if that happened. It would have been the end of our economic system and our political system as we know it and that's why when they made the point we've got to act and do things quickly, we did.

GLENN: Okay. So we've got to act and we have to act quickly, and we did. When "They" came to us and told us this, they said you have to act quickly, and we did. Just keep that in your brain.

Do you have the next cut?

VOICE: Will you listen to a lady that just got off the telephone. She is near panic, and she doesn't think her government's acting properly or acting in her behalf. I think it's important that we start informing that lady as to what really were the facts, what happened, and get input from her. Maybe she has a better idea. You know, we're not any geniuses in economics or finance. We're representatives of the people. We ought to take our time but let the people know this is a very difficult struggle. Somebody who is --

GLENN: Okay, stop. Stop. Did I just hear that right? Somebody in congress who I disagree with I think actually just said something very profound. We should allow the American people to know the truth on what it is because maybe somebody out here has a better idea because we're not geniuses. Wow. Somebody who apparently at least on this front is not so arrogant, somebody at least on this front is willing to listen to somebody other than all of the so-called experts who have been designing this thing from the beginning and who denied there was ever a problem, from the beginning, somebody who actually has the balls to say, "We should tell the American people the truth so they know." Okay, last cut.

VOICE: Somebody threw us in the middle of the Atlantic ocean without a life raft and we're trying to determine what's the closest shore and whether there's any chance in the world to swim that far. We don't know.

GLENN: Stop. Do you remember when I told you that I had talked to somebody who had spent a day. It was right around this time, spent the day with President Bush, world leader. He said, "We'll be there for you if we survive." If we survive. This is how bad the situation -- we're playing games. We've got Barney Frank asking the bank executives, where's the money; I want answers. We have Barney Frank. We're playing political games. We're talking about socialism instead of a stimulus package. We're putting in framework for universal healthcare. When somebody has dropped us in the middle of the Atlantic and we're trying to figure out which way is the closest shore and if we can swim that far, they're playing games.

I don't know -- let's go back to the beginning. I don't know who caused the run on the banks on the money markets. Don't know. Think that's probably pretty important to figure out. Is it China, is it Russia, is it just coincidence that all of this happened in just one hour, completely uncoordinated? You want to go down the rabbit hole into conspiracy theories, who benefits from this? The central banks do. Because they have more power.

Acclaimed environmentalist and author of "Apocalypse Never" Michael Shellenberger joined Glenn Beck on the radio program Wednesday to warn us about the true goals and effects of climate alarmism: It's become a "secular religion" that lowers standards of living in developed countries, holds developing countries back, and has environmental progress "exactly wrong."

Michael is a Time "Hero of the Environment," Green Book Award winner, and the founder and president of Environmental Progress. He has been called a "environmental guru," "climate guru," "North America's leading public intellectual on clean energy," and "high priest" of the environmental humanist movement for his writings and TED talks, which have been viewed more than 5 million times. But when Michael penned a stunning article in Forbes saying, "On Behalf of Environmentalists, I Apologize for the Climate Scare", the article was pulled just a few hours later. (Read more here.)

On the show, Micheal talked about how environmental alarmism has overtaken scientific fact, leading to a number of unfortunate consequences. He said one of the problems is that rich nations are blocking poor nations from being able to industrialize. Instead, they are seeking to make poverty sustainable, rather than to make poverty history.

"As a cultural anthropologist, I've been traveling to poorer countries and interviewing small farmers for over 30 years. And, obviously there are a lot of causes why countries are poor, but there's no reason we should be helping them to stay poor," Michael said. "A few years ago, there was a movement to make poverty history ... [but] it got taken over by the climate alarmist movement, which has been focused on depriving poor countries, not just of fossil fuels they need to develop, but also the large hydroelectric dams."

He offered the example of the Congo, one of the poorest countries in the world. The Congo has been denied the resources needed to build large hydroelectric dams, which are absolutely essential to pull people out of poverty. And one of the main groups preventing poor countries from the gaining financing they need to to build dams is based in Berkeley, California — a city that gets its electricity from hydroelectric dams.

"It's just unconscionable ... there are major groups, including the Sierra Club, that support efforts to deprive poor countries of energy. And, honestly, they've taken over the World Bank [which] used to fund the basics of development: roads, electricity, sewage systems, flood control, dams," Micheal said.

"Environmentalism, apocalyptic environmentalism in particular, has become the dominant religion of supposedly secular people in the West. So, you know, it's people at the United Nations. It's people that are in very powerful positions who are trying to impose 'nature's order' on societies," he continued. "And, of course, the problem is that nobody can figure out what nature is, and what it's not. That's not a particular good basis for organizing your economy."

Watch the video below to catch more of the conversation:

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Dr. Voddie Baucham, Dean of Theology at African Christian University in Lusaka, Zambia, joined Glenn Beck on the radio program to explain why he agrees with Vice President Mike Pence's refusal to say the phrase "Black Lives Matter."

Baucham, who recently drew national attention when his sermon titled "Ethnic Gnosticism" resurfaced online, said the phrase has been trademarked by a dangerous, violent, Marxist movement that doesn't care about black lives except to use them as political pawns.

"We have to separate this movement from the issues," Baucham warned. "I know that [Black Lives Matter] is a phrase that is part of an organization. It is a trademark phrase. And it's a phrase designed to use black people.

"That phrase dehumanizes black people, because it makes them pawns in a game that has nothing whatsoever to do with black people and their dignity. And has everything to do with a divisive agenda that is bigger than black people. That's why I'm not going to use that phrase, because I love black people. I love being black."

Baucham warned that Black Lives Matter -- a radical Marxist movement -- is using black people and communities to push a dangerous and divisive narrative. He encouraged Americans to educate themselves on the organization's agenda and belief statement.

"This movement is dangerous. This movement is vicious. And this movement uses black people," he emphasized. "And so if I'm really concerned about issues in the black community -- and I am -- then I have to refuse, and I have to repudiate that organization. Because they stand against that for which I am advocating."

Watch the video below to catch more of the conversation:

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We're going to be doing an amazing broadcast on Thursday, July 2nd, and we will be broadcasting a really important moment. It is restoring truth. It is restoring our history. It is asking to you make a covenant with God. The covenant that was made by the Pilgrims. And it's giving you a road map of things that we can do, to be able to come back home, together.

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On last week's Wednesday night special, Glenn Beck revealed where the Black Lives Matter organization really gets its funding, and the dark money trail leading to a cast of familiar characters. Shortly after the program aired, one of BLM's fiscal sponsors, Thousand Currents, took down its board of directors page, which featured one of these shady characters:

Ex-Marxist professor and author of "Beyond Woke," Michael Rectenwald, joined Glenn Beck on the TV show to fill us in on the suspicious change he discovered on the Thousand Currents webpage and the Communist terrorists who is now helping run the organization. (Fortunately, the internet is forever, so it is still possible to view the board of directors page by looking at a web archive from the WayBack Machine.)

Rectenwald revealed the shocking life history of Thousand Currents' vice chair of the board, Susan Rosenberg, who spent 16 years in federal prison for her part in a series of increasingly violent acts of terrorism, including bombing the U.S. Capitol building, bombing an FBI building, and targeting police for assassination.

"Their whole campaign was one of unbelievably vicious, murderous cop killings, assassinations, and bombings," explained Rectenwald of Rosenberg's terror group known as the May 19th Communist Organization or M19.

Watch the video below to catch more of the conversation:


Glenn's full investigation into the dark origins of the funding behind Black Lives Matter is available for BlazeTV subscribers. Not a subscriber? Use promo code GLENN to get $10 off your BlazeTV subscription or start your 30-day free trial today.

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