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

A new Pew Research Center report shows the death toll in the United States from COVID-19 is "heavily concentrated" in Democratic congressional districts.

According to the analysis, more than half of all COVID-19 deaths in the U.S. occurred in just 44 (approximately 10 percent of) congressional districts, and 41 of those 44 hardest-hit districts are represented by Democrats, while only three are represented by Republicans.

"A new Pew Research Center analysis of data on official reports of COVID-19 deaths, collected by the John Hopkins University Center for Systems Science and Engineering, finds that, as of last week, nearly a quarter of all the deaths in the United States attributed to the coronavirus have been in just 12 congressional districts – all located in New York City and represented by Democrats in Congress. Of the more than 92,000 Americans who had died of COVID-19 as of May 20 (the date that the data in this analysis was collected), nearly 75,000 were in Democratic congressional districts," Pew reported.

Filling in for Glenn Beck on the radio program this week, Pat Gray and Stu Burguiere argued that, while the coronavirus should never have been made into a partisan issue, the study certainly makes a strong statement in favor of GOP leadership.

Watch the video below:


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 multiplatform network of voices who love America, defend the Constitution and live the American dream.

The Centers for Disease Control and Prevention (CDC) once predicted the coronavirus death rate would be between 4 and 5 percent, but they've just come out with a new report and those predictions have been adjusted significantly.

According to the CDC's latest data, the fatality rate among Americans showing COVID-19 symptoms is 0.4 percent. And an estimated 35 percent who are infected by the virus will never have any symptoms. Therefore, the CDC is now estimating COVID-19 kills less than 0.3 percent of people infected.

Filling in for Glenn Beck on the radio program this week, Pat Gray and Stu Burguiere recalled when the mainstream media went into overdrive, hammering President Donald Trump for predicting the final COVID-19 death rate would be "under one percent."

Looks like the president was right all along.

Watch the video below to catch more of the conversation:

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 multiplatform network of voices who love America, defend the Constitution and live the American dream.

Michigan barber Karl Manke isn't a troublemaker. He's a law-abiding citizen who did everything possible to financially survive during the COVID-19 lockdown. pandemic. Eventually, he had no other option: he had to reopen his business in defiance of Democratic Gov. Gretchen Whitmer's stay-at-home orders.

In an interview on the "Glenn Beck Radio Program," Manke, 77, told Glenn, "I'm not backing down" despite Whitmer's seemingly vindictive attempts to shut down his business.

Shortly after reopening, Manke was ticketed for violating Whitmer's stay-at-home order and charged with a misdemeanor. When he still refused to close his doors, the governor's office went a step further and suspended his barber license.

"It's kind of a vindictive thing," said Manke. "I've become a worm in her brain ... and she is going full force, illegally, when legislatures told her that she was out of place and this was not her assignment, she decided to take it anyway."

On Thursday, the Shiawassee County Circuit Judge refused to issue a preliminary injunction against Manke. Read more on this update here.

Watch the video clip from the interview below:

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 multiplatform network of voices who love America, defend the Constitution and live the American dream.

Time after time, Americans have taken to the streets to defend our constitutional rights, whether it was our livelihood at stake -- or our lives. But, what was the point of all the civil rights movements that came before, if we're about to let the government take our rights away now?

On his Wednesday night special, Glenn Beck argued that Americans are tired of having our rights trampled by "tyrannical" leaders from state and local governments who are ignoring our unalienable rights during this pandemic.

"Our nanny state has gone too far. The men and women in office -- the ones closest to our communities, our towns, our cities -- are now taking advantage of our fear," Glenn said. "Like our brothers and sisters of the past, we need to start making the decisions that will put our destiny, and our children's destiny, back into our hands."

It took less than two months of the coronavirus tyranny to make America unrecognizable, but some Americans are fighting back, risking losing their jobs and businesses or even jail time, as they battle to take back our civil rights.

Here are just a few of their stories:

After New Jersey's Atilis Gym reopened in defiance of the governor's executive order, the Department of Health shut them down for "posing a threat to the public health." Co-owner Ian Smith says somebody sabotaged the gym's toilets with enire rolls of paper to create the public health "threat."

Oregon Salon owner, Lindsey Graham, was fined $14 thousand for reopening. She said she was visited by numerous government organizations, including Child Protective Services, in what she believes are bullying tactics straight from the governor's office.

77-year-old Michigan barber, Karl Manke, refused to close his shop even when facing arrest. "I couldn't go another 30 days without an income," he said. But when local police refused to arrest him, Gov. Gretchen Whitmer's (D) office suspending his business license instead.

Port of Seattle police officer Greg Anderson was suspended after he spoke out against enforcing what he called "tyrannical orders" imposed amid coronavirus lockdowns.

Kentucky mother-of-seven, Mary Sabbatino, found herself under investigation for alleged child abuse after breaking social distancing rules at a bank. After a social worker from child protective services determined there was no sign of abuse, he still sought to investigate why the Sabbatino's are homeschooling, and how they can give "adequate attention to that many children."

Dallas salon owner Shelley Luther was sentenced to seven days in jail after she defied the state-mandated stay-at-home orders to reopen her business.

Watch the video clip from Glenn's special below:


Watch the full special on BlazeTV YouTube 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 multiplatform network of voices who love America, defend the Constitution and live the American dream.