Glenn Beck: Bankruptcy Is Good



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Word from the White House that Chrysler is headed toward bankruptcy; Thursday was the deadline for the car company to provide a restructuring plan. Creditors reportedly turned down an unbelievably generous offer in which they would get the privilege of forgiving almost $7 billion of debt.

So here's the one thing that no one else will say about this story today: We have been in denial. Bankruptcy is good! In fact, the word "bankruptcy" has been absent from our vocabulary for way too long.

When the economy began to fall apart, most of us knew in our guts that the best way to stop a ship from sinking is to get rid of the deadweight. Let struggling companies declare bankruptcy, reset and start over. The system works.

But the "smart people," including George W. Bush, said no, no, no we can't let companies go bankrupt! Do you know how many jobs that would cost us? This is an emergency, we need to save them!

How's that working out for us now?

Chrysler still declared bankruptcy. Fannie and Freddie are hemorrhaging money. At least six more major banks need government cash and others that want to give the cash back are finding that the government won't take it.

Oh, and all of those jobs we were scared about losing? They're gone anyway.

We need to stop trying to make this hurt less and instead take our lumps. Remember the expression "no pain, no gain?"

But as I read a story in The New York Times Thursday, it became obvious that's not happening. The headline read: "Economy slides at fastest rate since the 1950s." Scary, except that it continued: "Silver lining detected."

And the silver lining? Consumer spending is up.

That is not a silver lining.

What if the headline read "Little Johnny is sick. But the good news is, he also has a fever."

Not good.

For years we denied that our economy is based on, as the president said Wednesday night, "a pile of sand." We closed our eyes, covered our ears and said "charge it!" Yet even after our house of cards has fallen, we still aren't facing facts. We still cheer on consumer spending as if it's our savior.

It's sand!

We look for silver linings in the job market and hear that 8.5 percent unemployment isn't too bad. Fine, but what about the cities? Washington, D.C.'s unemployment 9.5 percent; Oakland, California: 10.5 percent; Los Angeles County: 11.3 percent and Detroit: 14.9 percent.

We are looking for silver linings in housing, but the numbers are dismal. Phoenix now has the distinction of being the first city where home prices have fallen 50 percent from their peak.

The point is that this is not the time to look for silver linings, it's a time to use some common sense and stop living in denial. Common sense is the reason we are not sending troops to close the border to keep out the swine — sorry — H1N1 virus. What's the point? It's already here, that would be a waste of resources. Man is not going to conquer this virus, we can only try to manage it and hunker down while it burns itself out. The same common sense should be applied to the economy.

The economy has a virus and it needs to run its course. Our weakest companies are infected; some are in critical condition and will die no matter what kind of government antibiotic we try to keep them alive. But instead of letting them fail we're trying all sorts of experimental techniques. And they're all failing. Now we're all in danger.

I have hope — I really do. But this is deeper than most people think it is. Now is not the time to keep listening to the so-called experts who missed this the first time around. It's time to start listening to your gut.

Bailouts and spending can't save us, but common sense can.

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Glenn Beck: Here's how YOU can fix the Great Reset's housing crisis

Photo by H. Armstrong Roberts/Retrofile/Getty Images

How's the housing market looking these days? Because under Build Back Better (aka the Great Reset), investors are grabbing up homes at a record pace.

On "The Glenn Beck Radio Program," Glenn discussed a recent Redfin News report, which shows that almost one in five homes sold in the U.S. during the third quarter of 2021 was purchased by an investment firm, and many are paying tens of thousands of dollars over the asking price.

"Think of that, one in every five homes that are sold are going to a big investment firm," Glenn said. "Investors bought more than 90,000 homes, totaling more than $63 billion, representing 18% of all homes sold in the quarter. The numbers broke all records."

"The same factors have pushed more Americans to rent, which also creates opportunities for investors, because investors typically turn the homes they purchase into rentals," he continued. "And now they can charge higher rents. Rent for single-family homes surged by more than 10% in the 12 months, through September. The fastest annual rent inflation in 16 years."

"And nearly 77% purchased were bought in an all-cash transaction," Glenn added. "That's not your average person. These investment firms, like BlackRock, are going in and buying entire neighborhoods. They are the people that come in, and say, 'I'll give you $70,000 over the asking price.' ... Now, why would investment firms think they will just be able to make money paying $70,000 over the asking price? What is it that they know, that you don't know? Could they know, as the Great Reset states, that by 2030, you will own nothing and you'll like it?"

Watch the video clip below to hear Glenn offer his thoughts on how you can solve the Great Reset's housing crisis:


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On "Glenn TV" Wednesday, Glenn Beck exposes the radical plan to flip the United States from capitalism to socialism and into a lawless nation. It's an old strategy that mirrors a communist Cold War playbook. The goal now, as it was then, is this: How do they get a revolution without all that civil war stuff? It’s a five-step plan, and we're deep into several of the main steps RIGHT NOW.

Our justice system has been infiltrated by woke leftists, and something called "the progressive prosecutor movement" is methodically transforming Main Street USA into Main Street Gotham City. We can see it all over the country in places like San Francisco, with the Waukesha massacre as a terrifying glimpse into more of what's coming. And the media? They're currently running interference in one of the largest misinformation operations in history.

It’s happening at the city, state, AND federal levels. And President Trump might be one of the biggest victims of them all, a fact that even Trump critic Joe Rogan has realized on the Russia collusion hoax: “No one is being held accountable!” That ends now, as Glenn calls on Americans to push back on the lies that keep us divided in a cold civil war.

Watch the full episode below:

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A "one-world government" is being formed right now and it’s called the Great Reset, Glenn Beck said on the radio program Monday. And now, rebuild plans for the fire-damaged Notre Dame Cathedral hint at the formation of a global church, too.

In this clip, Glenn detailed plans for the iconic, 850-year-old church’s "woke" renovations that sound more like a 'politically correct Disneyland' complete with a "discovery trail," "emotional spaces," and 14 themed chapels.

"Notre Dame is now being built back better as a 'woke theme park' dedicated to environmentalism and social justice," Glenn explained.

"There will be several different chapels within, [for example] a chapel for social justice, and then chapel for environmental justice," he continued. "Which leads me to this point. The 'one-world government' is being formed, right now. One-world government. It is being formed and it's called The Great Reset."

Glenn went on to predict that one of the first steps in the direction of a one-world government will be a push for a global religion.

"I think we're seeing the first church now being dedicated to the new global religion — and it is social justice, environmental justice, and all this gobbledygook. We all know, it's not just wrong, it is dangerous. That's the first church, the cathedral of Notre Dame, in France, is the first global church. Mark my words. Christian, Jews, Muslims ... this global church will bring darkness unlike you've ever seen."

Watch the video clip from "The Glenn Beck Program" below:

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The Omicron COVID-19 variant: Should we ACTUALLY panic?

Photo by OLI SCARFF/AFP via Getty Images

As the new Omicron variant of the coronavirus approaches, it seems like those in power want everyone to be terrified, Glenn Beck argued on the radio program Monday.

The chair of the World Medical Association's Council, Frank Ulrich Montgomery, is already comparing the variant to Ebola and New York Gov. Kathy Hochul (D) has declared a state of emergency, despite the doctor who announced its discovery describing the new variant's symptoms as "unusual, but mild." So, should we really be worried or not?

In this clip, Glenn and producer Stu Burguiere reviewed what we know about the Omicron variant so far and gave a few reasons why we should wait for more information before succumbing to panic.

Note: The content of this clip does not provide medical advice. Please seek the advice of local health officials for any COVID-related questions & concerns.

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