Glenn Beck: Ready for the Other Shoe to Drop?



Watch Glenn Beck weekdays at 5 p.m. and 2 a.m. ET on the FOX News Channel

President Obama is meeting with the leaders of the credit card industry to talk about fees and interest charges that critics call abusive. Both houses of Congress are trying to figure out how to limit those kinds of practices and require greater disclosure.

But here's the one thing the government and media are missing: The other shoe is about to drop.

I'll explain exactly what that means in a second, but first I want to give you some background on me, because even if you tune in every day, you still might think I'm a kook and if you're Stephen Colbert then you are sure I'm on the fast track to crazy town.

On September 18, 2007, I said this:

(BEGIN AUDIO CLIP)

"We are absolutely headed for a recession… I don't think that there's any way out of the recession. It is coming. Now, how deep it goes is anybody's guess. I tend to be — but this is just me. I tend to be somebody who says, batten down the hatches, man, because here it comes."

(END AUDIO CLIP)

On that day, the Dow went up over 300 points and finished at 13,739.

Nuts? Well, economists decided that the recession officially hit in December 2007 and as you know the Dow is now trading around 8,000.

Then on December 13, 2007, I said:

(BEGIN AUDIO CLIP)

"We have this problem of nobody has any money to lend and all of these banks keep saying no, no, no, we've already done our write-downs; the problem's behind us now. No, it's not. No, it is not. They are saying that so people don't panic and go on a run on the bank."

(END AUDIO CLIP)

As you may have noticed, bailouts have grown larger and larger in the time since it was supposedly "fixed," adding up to a total of $12.8 trillion.

Look, I'm not the new, extra-pasty, non-Jamaican Miss Cleo. I've just been trying to apply the common sense that this country used to pay attention to and tell you the truth as I see it.

Now, let me show you what I think is the next phase. The other shoe that I think is about to drop relates to commercial real estate and credit cards.

Why?

First, commercial real estate: It's worth close to $7 trillion or about half the amount that our entire economy churns out in a year. It's a huge industry, with huge problems.

There are $1.3 trillion in malls and other commercial property loans coming due between now and 2013. And, in a report released Thursday, Deutsche Bank estimates that at least half the loans and two out of three of those packaged and resold as securities, will not qualify for refinancing.

Meanwhile, nearly $1 trillion in debt is tied up in the credit card industry.

Barack Obama is getting ready to ask those companies to take on even riskier loans, which I'm pretty sure is what caused the housing bubble in the first place.

Because of the way our economy is structured, Obama needs you to borrow more now, so that you'll spend more now. He's trying to prop up this economy just one more time on our Visa cards — and I guess then we can worry about being fiscally responsible.

While we're supposedly clinging to our God and our guns, Obama is clinging to the idea that new debt is the cure for old debt.

Some people will call me un-American or crazy for suggesting this, but now isn't the time to spend like an heiress.

We all must be careful and spend our money wisely. Don't worry about buying something from every catalogue; invest in piece of mind. If you're able, put some money away. If this economic storm passes quickly, you'll be in a better position. If not, you're prepared for the worst.

• Is Beck right? Click here to join the debate

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

On Friday, Mercury One hosted the 2022 ProFamily Legislators Conference at The American Journey Experience. Glenn Beck shared this wisdom with legislators from all across our nation. We must be on God’s side.

Winston Marshall assumed that he would be playing banjo with Mumford & Sons well into his 60s, but one tweet — simply recommending Andy Ngo's book — was all it took for the woke mob to attack. At first, Winston apologized, saying he "was certainly open to not understanding the full picture." But after doing some research, not to mention a whole lot of soul-searching, his conscience "really started to bother" him.

On the latest episode of "The Glenn Beck Podcast," Winston opened up about the entire scandal, what he discovered in the wake of his cancellation, and why he's decided to put truth over career.

"I looked deeper and deeper into the topic, and I realized I hadn't been wrong [when] I'd called the author brave," Winston said of Ngo. "Not only was he brave, he'd been attacked by Antifa mobs in Oregon, and he was then attacked again ... he's unquestionably brave. And so my conscience really started to bother me ... I felt like I was in some way excusing the behavior of Antifa by apologizing for criticizing it. Which then made me feel, well, then I'm as bad as the problem because I'm sort of agreeing that it doesn't exist," he added.

"Another point, by the way, that I found it very frustrating, was that that left-wing media in this country and in my country don't even talk about [Antifa]. We can all see this footage. We see it online," Winston continued. "But they don't talk about it, and that's part of my, I think, interest initially in tweeting about Andy's book. Because I think people need to see what's going on, and it's a blind spot there. ... CNN and MSNBC, they don't cover it. Biden in his presidential election said it was just 'an idea' that didn't exist. I mean, did he not see the courthouse in Oregon being burnt down?"

Watch the video clip below or find the full podcast with Winston Marshall here.


Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis, and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.

FBI whistleblower Steve Friend exposed the FBI for its handling of the investigation into the January 6 riot — and paid the price. Friend joined "The Glenn Beck Program" to describe the series of events that eventually led him not only to leave the FBI, but to speak out against potential abuses within the department as well. The crux of his story began with cases concerning the January 6, 2021, riot and one arrest warrant that he refused to take part in.


Friend also joined Glenn on his "Targets of Tyranny" special to explain why he believed the January 6 cases were run by Washington, D.C., and how the agency's handling of the "J6" investigations has been so "unusual" that he says he's "never" seen anything even close to this before.

Watch the video clip below. Can't watch? Download the podcast here.



Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis, and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.

A judge has banned Texas father Jeff Younger from speaking about his son, James, who was taken from him by our courts after he refused to call his son a girl. But Jeff said he'd rather go to jail than comply: "I'll appear in handcuffs ... but I'm not taking this tyranny."

Jeff joined Glenn Beck on "Targets of Tyranny" to tell James' story and explain the biggest lessons he's learned while battling our legal system.

"This interview is illegal in the state of Texas," Jeff told Glenn. "I was banned from publishing any blog posts, social media post, publishing a newspaper article, doing any writing at all about my situation. I was also permanently banned from doing interviews, doing podcasts, appearing on television interviews, and these are all specifically laid out," he explained.

"I was also banned from speaking on three political topics. I'm not allowed to talk about anything about transgender issues, gender expansiveness, or whether my son is a boy or a girl. And I have told this judge — and I tell this judge every time I do an interview — I will never follow your illegal and unconstitutional order. I have contempt for her as a judge issuing the order. I have maximum contempt for the tyrannical language of the order, and I will never follow the order," Jeff continued.

"I'm guilty of maximum criminal contempt in the 301st District Court of the state of Texas, and [the judge] is obligated to put me in jail for the maximum sentence, which is 180 days in the jail in Dallas County. Four days later, I'll be in the jail library with the writ of habeas corpus that I've already prepared. We will go to the 5th District, and we will see who's right. I'll appear in handcuffs, her in the judge's robe, but I'm not taking this tyranny. And I'm not going to stop speaking out about my son."

Watch the video clip below or find Glenn’s two-hour special, "Targets of Tyranny," here.


Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis, and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.