The Incredible Shrinking Dollar




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The one thing tonight is a question: why?

Why is no one in the media or government speaking out when huge U.N. countries — like China, Russia and France — publicly attack the U.S. dollar and support dropping it as the world's currency?

Maybe it's because most people simply don't understand the consequences of what that would mean for America.

Fortunately, I've been reading up on this for a while now, so let me try to explain it in plain English:

Before World War II, we were on the gold standard. For every dollar we printed, there was a dollar's worth of gold in the vault. After World War II, a bunch of countries got together and said: You know, this whole "putting gold into a vault" thing is really tedious. What do you say we just value gold at $35 an ounce and base our currencies off that?

It was the beginning of the end.

America could now issue paper money as basically IOUs to the world, where each dollar could buy a dollar of gold; gold that didn't have to actually exist.

Now, fast forward to 1971:

After the free spending of the Vietnam War and Great Society, America only had three realistic options: stop the war, stop the Great Society or slow everything down so that we accumulated enough gold to afford it all.

Instead, we chose a fourth option: If you can't win the game, change the rules.

That year, Richard Nixon abolished the fixed price of gold, and, for the first time ever, our printing presses could start running 24/7 without regard to that pesky little thing called collateral.

I'm 45-years-old and when I was growing up this country was the world's biggest lender. But because we left the gold standard, we are now the world's biggest borrowers. If we can't afford something, we just go into our basement and print up some more money.

If you did that, you'd go to jail for counterfeiting — since nothing is backing that money up. Now, finally, our country is going to pay a penalty as well.

After monetizing $2 trillion of debt in the last two weeks alone, our lenders are saying enough is enough. They want out.

As Rupert Murdoch, CEO of FOX News Channel's parent company, recently said: "We are in the midst of a phase of history in which nations will be redefined and their futures fundamentally altered."

Call me a suck-up if you want, but I couldn't agree more. Our future is being altered right now, right in front of your eyes. And yet no one seems to care.

Again, I ask you the same question I started with: why?

What do you think? Send your comments to: glennbeck@foxnews.com

Watch Glenn Beck weekdays at 5 p.m. ET on FOX News Channel


 

 

Sen. Mike Lee (R-Utah) joined Glenn Beck on the radio program Wednesday to talk about why he believes President Donald Trump will nominate Judge Amy Coney Barrett to fill the Supreme Court vacancy created by Justice Ruth Bader Ginsburg's death.

Lee, a member of the Senate Judiciary Committee that will consider and vote on the nominee, also weighed in on another Supreme Court contender: Judge Barbara Lagoa. Lee said he would not be comfortable confirming Lagoa without learning more about her history as it pertains to upholding the U.S. Constitution.

Watch the video below to hear the conversation:

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This week on the Glenn Beck Podcast, Glenn spoke with Vox co-founder Matthew Yglesias about his new book, "One Billion Americans: The Case for Thinking Bigger."

Matthew and Glenn agree that, while conservatives and liberals may disagree on a lot, we're not as far apart as some make it seem. If we truly want America to continue doing great things, we must spend less time fighting amongst ourselves.

Watch a clip from the full interview with Matthew Yglesias below:


Find the full podcast on Glenn's YouTube channel or on Blaze Media's podcast network.

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'A convenient boogeyman for misinformation artists': Why is the New York Times defending George Soros?

Image source: Simon Dawson/Bloomberg via Getty Images

On the "Glenn Beck Radio Program" Tuesday, Glenn discussed the details of a recent New York Times article that claims left-wing billionaire financier George Soros "has become a convenient boogeyman for misinformation artists who have falsely claimed that he funds spontaneous Black Lives Matter protests as well as antifa, the decentralized and largely online, far-left activist network that opposes President Trump."

The Times article followed last week's bizarre Fox News segment in which former House Speaker Newt Gingrich appeared to be censored for criticizing Soros (read more here). The article also labeled Glenn a "conspiracy theorist" for his tweet supporting Gingrich.

Watch the video clip below for details:


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The former ambassador to Russia under the Obama Administration, Michael McFaul, came up with "7 Pillars of Color Revolution," a list of seven steps needed to incite the type of revolution used to upend Eastern European countries like Ukraine and Georgia in the past two decades. On his TV special this week, Glenn Beck broke down the seven steps and showed how they're happening right now in America.

Here are McFaul's seven steps:

1. Semi-autocratic regime (not fully autocratic) – provides opportunity to call incumbent leader "fascist"

2. Appearance of unpopular president or incumbent leader

3. United and organized opposition – Antifa, BLM

4. Effective system to convince the public (well before the election) of voter fraud

5. Compliant media to push voter fraud narrative

6. Political opposition organization able to mobilize "thousands to millions in the streets"

7. Division among military and police


Glenn explained each "pillar," offering examples and evidence of how the Obama administration laid out the plan for an Eastern European style revolution in order to completely upend the American system.

Last month, McFaul made a obvious attempt to downplay his "color revolutions" plan with the following tweet:

Two weeks later, he appeared to celebrate step seven of his plan in this now-deleted tweet:



As Glenn explains in this clip, the Obama administration's "7 Pillars of Color Revolution" are all playing out – just weeks before President Donald Trump takes on Democratic candidate Joe Biden in the November election.

Watch the video clip below to hear more from Glenn:


Watch the full special "CIVIL WAR: The Way America Could End in 2020" here.

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