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.

There’s an economic axis of evil taking shape right now, and the people in charge of our government are too stupid to acknowledge and deal with what’s happening. The U.S. dollar and the entire financial system are at stake, and, as Glenn Beck reveals on "Glenn TV" Wednesday, our enemies’ PUBLISHED plans to take the entire thing down.

While all of this is happening, our own leaders are making everything worse. We’ve got Nancy Pelosi risking an international incident, accelerating China’s plans to collapse us. And when Biden SHOULD be focusing on the security of our country, he’s instead preoccupied with controlling the weather with his Inflation "Reduction" Act.

Glenn exposes the TRUE numbers on what that bill will do to your family’s budget. Add to that, they’re more than doubling the IRS to make sure you feel the pain. And if you think they won’t come for you, look at what they just did to the former president of the United States. The DOJ and FBI just went after the political opponent of their boss, Joe Biden.

This is what they are focused on, and the threat to the dollar — and the entire financial system — isn’t even on their radar. Pain is coming for us, and they don’t care one bit.

Watch the full episode below:

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Speaking before signing the “PACT Act of 2022” on Wednesday morning, President Joe Biden claimed that his wonderful economic plan "is working" and that somehow July’s annual inflation rate of 8.5% was actually “zero.”

“I just want to say a number: zero. Today we received news that our economy had 0% inflation in the month of July,” Biden said during a ceremony in the East Room of the White House.

White House press secretary Karine Jean-Pierre dutifully echoed the president's not-at-all misleading claim:

The truth of the matter is that last month's inflation rate of 8.5% was a (small) step in the right direction, but only because it was lower than June's 41-year high of 9.1% — and the thing is, anyone who's graduated kindergarten knows it.

So, who do White House personnel think they're fooling? On the radio program Wednesday, Glenn Beck and producer Stu Burguiere broke down how the Biden administration came to this latest disingenuous conclusion about the economy, what the latest consumer price index actually shows, and why the inevitable Biden brag-fest will be unbearable.

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

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Glenn Beck: This is the ONLY endgame that makes sense for the FBI’s raid on Trump’s Mar-a-Lago home

(Left) Photo by James Devaney/GC Images (Right) Video screenshot

If you're celebrating this FBI raid on Mar-a-Lago, you have no idea how much this changes things. We don't do this in America. At least, we didn't. But the left cannot have Donald Trump be president again. His "America First" platform goes against everything they've been working for. So, what's their endgame here? On the radio program, Glenn Beck said there's really only one endgame that makes sense — and it should scare us all.

"If you are not for the destruction of America, you better pay attention quickly. This is a massive move," Glenn said of the Mar-a-Lago raid.

"And who has credibility on this? ... The right will believe Donald Trump, but nobody on the left, so you're not going to change any minds there. Do you think the right will believe the New York Times? MSNBC? NBC? CBS? Do you think we're going to believe the New York Times — the people who have been carrying water for the Biden crimes? The Clinton crimes? And ... I'm talking about her server and having her own State Department people go into a skiff, which is the top secret room, completely sealed off, going in and getting documents, cutting off 'top secret,' and then emailing them to her on her private server. And nothing? And now you're going to try to convince me [that] this has nothing to do with January 6?" he added.

"Remember the [allegations about] bank servers, [Trump] was pinging a bank? Untrue. Carter Page is a Russian spy? Untrue. Donald Trump is a Russian spy? ... Untrue. Collusion with Russia? Untrue. Ukraine, the perfect phone call? Not true. Not true. Wasn't a perfect phone call. Was not impeachable. The pee tape dossier? None of that was true. Here's why they can't have [Trump] as president of the United States. They can't have him as president of the United States because we are headed towards a completely new, all redesigned, non-capitalist, nonconstitutional Great Reset," Glenn argued. "They cannot have him be president because he is America first."

Glenn warned Americans that our federal government is accumulating massive power, case in point the 87,000 new IRS agents. "Coupled with the [IRS agents] they already have ... that's almost the size of our National Guard. Do you feel comfortable with that? Democrats? You don't think there's a possibility ... that someone ... might come in at some point and weaponize the IRS?"

He also warned that the FBI's raid on Donald Trump’s home has implications that stretch far beyond simple dislike for the former president. So what are they hoping to accomplish?

"What is the endgame? You make him into a martyr by throwing him into jail or killing him ... so you make him stronger? That doesn't make sense. Why would they want that?" Glenn asked. "So, what is their endgame? The only one that makes sense to me, is to stop him at any cost, then lunatics will take to the streets, and then [they] will have [their] evidence that the [right is] more dangerous than anyone could possibly imagine. Please, pray for your country."

Watch the video clip below to hear more from Glenn. 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.