Glenn Beck: Why we lose the War Game with China

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GLENN: I said this morning we were in an early morning meeting and I'm walking to work with Joe, one of my researchers, and we're talking about things and I have been telling you for a while about China. There's been something wrong with China and the IMF. I don't know, I said this just yesterday, but I have been working on something for the last couple of weeks and as you know, if you listen to this program, you know that things stick out. They're inconsistent and something there's always just a thread and something's wrong here. Something's wrong. The IMF, a few weeks ago, decided they wanted to sell all of their gold, so they wanted to sell all of their gold. They're the third largest gold reserve in the world. Well, why would the IMF want to sell all of their gold?

That's an asset. Didn't make sense to me. I started looking at it because it didn't make sense to me and what does that mean?

How much gold did they have?

How much would that actually make the price of gold go down if they sold it. Well, something didn't seem right because the IMF can't sell it unless we say it's okay. A couple of things have happened since we started looking into this. We found that, yes, we do have the veto power. IMF can't sell it and why I was concerned is because if they sell their gold what do you buy gold with?

If you're China and by the way, that was the next step we found, China asked them to sell their gold. Well, how would China buy that gold?

They would buy that gold with U.S. currency. Not the Yen. They buy it with U.S. currency. Where would they get that currency?

Out of the trillion dollars that they have sitting in their reserve. That's their gold standard, our currency. We violated it. They know we're not good for the money. So they're taking their currency, U.S. currency and they want to buy up gold. Veto power, guess who's on the bandwagon to allow the IMF to sell the gold?

Found this out last night, Barney Frank. Barney Frank is leading a campaign now to allow the IMF to sell that gold. This morning, as I'm walking to work I said to Joe, Joe, this is what I would do if I were China. If I were China because there was another story in the paper today about our U.S. Treasuries. The Federal Reserve bank remember I told you we were now monetizing our own debt?

We were buying our own debt, we were buying it through the treasury, I'm sorry, through the fed. The fed said we'll buy it and you give us an IOU. You print the money and give it to us. We'll buy your debt, okay. We're monetizing our own debt. Well, it come out in the paper that now the Federal Reserve, which we can't really see their books, the Federal Reserve has bought $100 billion of our debt. They're about to spend another $200 billion of our debt. So we have now our debt not being sold to China, nobody will buy the 30 year treasury, nobody. We can't sell these things. So we're buying our own treasury. We're buying our own bonds. We're buying because the rest of the world won't. China has slowed dramatically down so I said, you know, if I were China, if I looked at this as my business, this is my this is my life. This is my family's money, and I had all this money invested in a company that I thought was going to go down but I was one of their biggest shareholders and I didn't want to spook the market, here's what I would do, I would I would slow down my buying of that company's stock. I wouldn't shut it all off because I wouldn't want people to say, oh, my gosh, they stopped buying the stock. I just slow it way down, and I would say, look, I'm concerned. And I'm still buying some but I'm concerned about it. Then I would start taking some of the assets that I had from that company and I would start trading that which is our currency they hold. I would start taking that currency and I would say, hey, you've got any commodities over there. Why don't I buy some gold?

Can I buy some of your gold buying up gold mines, they're buying up commodities, the raw commodities like nobody's business of how much they bought in the last eight months. What are they buying?

They're buying it with our reserve currency. So they're slowly getting rid of our reserve currency. As soon as I got rid of the reserve currency, then I would start slowly getting out of the bonds. Well, what does that mean?

It means that giant inflation would come because our dollar would no longer be - there would be too many dollars from China and nobody would be buying the bonds. This is what I laid out this morning and then I find a story about a new war game that has just been done. This time, the Pentagon didn't do it with bullets, they did it with money. We lost and we lost to China. How did we lose? We lost the war game because the winning side was China. We lost the war game, it was an economic war game done by the federal government. What did they do?

Slowly sell assets of the United States and buy commodities. Exactly what they're doing.

Terry Trobiani owns Gianelli's Drive Thru in Prairie Grove, Illinois, where he put up a row of American flags for the Fourth of July. But the city claimed he was displaying two of them improperly and issued him a $100 ticket for each flag.

Terry joined Glenn Beck on the radio program Tuesday to explain what he believes really happened. He told Glenn that, according to city ordinance, the American flag is considered "ornamental" and should therefore have been permitted on a federal holiday. But the city has now classified the flag as a "sign."

"Apparently, the village of Prairie Grove has classified the American flag as a sign and they've taken away the symbol of the American flag," Terry said. "So, as a sign, it falls under their temporary sign ordinance, which prohibits any flying, or any positioning of signs on your property — and now this includes the American flag. [...] The only way I could fly the American flag on my property is if I put it on a permanent 20 to 30-foot flagpole, which they have to permit."

Terry went on to explain how the city is now demanding an apology for his actions, and all after more than a year of small-business crushing COVID restrictions and government mandates.

"COVID was tough," Terry stated. "You know, we're in the restaurant business. COVID was tough on us. We succeeded. We made it through. We cut a lot of things, but we never cut an employee. We paid all our employees. I didn't take a paycheck for a year just to keep our employees on, because it was that important to me to keep things going. And, you know, you fight for a year, and you beat a pandemic, and then you have this little municipality with five trustees and a president, who just have no respect for small businesses. And right now, what I see is they have no respect for the republic and the United States ... I think it's terrible. The direction that government, at all levels, have taken us to this point, it's despicable."

Watch the video below to catch more of the conversation:

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The Biden administration is now doing everything it can to censor what it has decided is COVID-19 "misinformation." But Glenn Beck isn't confident that the silencing of voices will stop there.

Yeonmi Park grew up in North Korea, where there is no freedom of speech, and she joined Glenn to warn that America must not let this freedom go.

"Whenever authoritarianism rises, the first thing they go after is freedom of speech," she said.

Watch the video clip below from "The Glenn Beck Podcast" or find the full episode with Yeonmi Park here:

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Most self-proclaimed Marxists know very little about Marxism. Some of them have all the buzzwords memorized. They talk about the exploits of labor. They talk about the slavery of capitalist society and the alienation caused by capital. They talk about the evils of power and domination.

But they don't actually believe what they say. Or else they wouldn't be such violent hypocrites. And we're not being dramatic when we say "violent."

For them, Marxism is a political tool that they use to degrade and annoy their political enemies.

They don't actually care about the working class.

Another important thing to remember about Marxists is that they talk about how they want to defend the working class, but they don't actually understand the working class. They definitely don't realize that the working class is composed mostly of so many of the people they hate. Because, here's the thing, they don't actually care about the working class. Or the middle class. They wouldn't have the slightest clue how to actually work, not the way we do. For them, work involves ranting about how work and labor are evil.

Ironically, if their communist utopia actually arrived, they would be the first ones against the wall. Because they have nothing to offer except dissent. They have no practical use and no real connection to reality.

Again ironically, they are the ultimate proof of the success of capitalism. The fact that they can freely call for its demise, in tweets that they send from their capitalistic iPhones, is proof that capitalism affords them tremendous luxuries.

Their specialty is complaining. They are fanatics of a religion that is endlessly cynical.

They sneer at Christianity for promising Heaven in exchange for good deeds on earth — which is a terrible description of Christianity, but it's what they actually believe — and at the same time they criticize Christianity for promising a utopia, they give their unconditional devotion to a religion that promises a utopia.

They are fanatics of a religion that is endlessly cynical.

They think capitalism has turned us into machines. Which is a bad interpretation of Marx's concept of the General Intellect, the idea that humans are the ones who create machines, so humans, not God, are the creators.

They think that the only way to achieve the perfect society is by radically changing and even destroying the current society. It's what they mean when they say things about the "status quo" and "hegemony" and the "established order." They believe that the system is broken and the way to fix it is to destroy, destroy, destroy.

Critical race theory actually takes it a step farther. It tells us that the racist system can never be changed. That racism is the original sin that white people can never overcome. Of course, critical race theorists suggest "alternative institutions," but these "alternative institutions" are basically the same as the ones we have now, only less effective and actually racist.

Marx's violent revolution never happened. Or at least it never succeeded. Marx's followers have had to take a different approach. And now, we are living through the Revolution of Constant Whining.

This post is part of a series on critical race theory. Read the full series here.

Americans are losing faith in our justice system and the idea that legal consequences are applied equally — even to powerful elites in office.

Rep. Devin Nunes (R-CA) joined Glenn Beck on the radio program to detail what he believes will come next with the Durham investigation, which hopefully will provide answers to the Obama FBI's alleged attempts to sabotage former President Donald Trump and his campaign years ago.

Rep. Nunes and Glenn assert that we know Trump did NOT collude with Russia, and that several members of the FBI possibly committed huge abuses of power. So, when will we see justice?

Watch the video clip below:

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