Glenn Beck: Uh oh: Treasury is 'puzzled'

GLENN: I love this story. The Federal Reserve is puzzled by yield curve steepening. So you know, I'm talking completely out of my butt when it comes to the yield curve. Two years ago I didn't know jack about the economy. So take it for what it's worth. But basically it's like if you understand your own credit card. You have good credit, your yield curve is down. You have bad credit, yield curve is up. In other words, the bank is saying to you, "I don't think he's going to pay it back. So we're going to charge him 25% interest." Or, "No, he's good, he pays all of his bills on time; we'll charge him 6% interest." That's what it is, just on the federal government.

See, this is the thing. All of the people think, you know, all the treasury and all these stupid people, they are all walking around thinking that the laws of economics that work at your house somehow or another don't apply. It's like a parallel universe in Washington. It's just like a giant black hole. "Wouldn't it be neat... my gosh, why didn't we build the Super Collider underneath the Beltway in Washington? You know they are concerned about the supercollider, that it might open up, you know, space and there might be a black hole? I mean, if there's one place to be sucked into a black hole, shouldn't it be Washington? No, see, I'm just sayin'. Shouldn't it be ‑‑ I mean, it would be ‑‑ okay, sure, it will destroy the whole Earth and, you know, time as we know it will stop, yada, yada, yada, whatever. But wouldn't it be great knowing we're all going to die but they are going to die first? I mean, as we're all being pulled into a black hole, we're like, yeah, but congress is there first! Being crushed into a little teeny gravitational... anyway. S o I'm sorry. I digress.

So anyway, they're saying that, with the yield curve that bonds, that people are buying us, they are demanding a higher interest rate. When we sell our treasuries, which means our debt, when we sell our treasuries, people around the world are going, "I don't know. I think I'd rather ‑‑ I'm going to probably put my money over here. It might be safer if I just put it under this rock right now." And so we're having to raise our yield. We're starting to say, "No, no, no. Don't just put it under the rock. Invest in us because we're completely stable."

So here's what the treasury says. They're puzzled by the yield curve steepening. The Federal Reserve is studying significant moves in the U.S. Government bond market last week that could have big implications for the central bank's strategy to combat the country's recession. But the Fed ‑‑ I love this ‑‑ is not really sure what's driving the sharp rise in long dated bond yields and especially a widening gap between short and long‑term yields. So in other words, people are like, "Okay, I won't put my dollar under this rock. I'll give it to you, but I want it back in two years, okay? Two years. That's all. I want it back in two years." No, no, no, let's put it in 30 years. "I'm going to put it under the rock."

I mean, common sense will tell you this is, people don't trust that we're not going to dishonor their money. I mean, it's like investing in AIG. It's like when Barney Frank said, "Jeez, there's no problem with Fannie and Freddie. What are you talking about? It's a great investment and I would invest in that more." Yeah, right. Thank you for that. It's the same thing that's happening now except on a governmental level. Why? Why? How could that have possibly happened? Oh, I just ‑‑ try this crazy theory out. All of these things that were bad, okay, we didn't actually fix them. We just shifted the problem to the federal government and the treasury. Now, why would the treasury be having problems selling bond? That just doesn't ‑‑ it makes total sense if you use your brain! But the Fed, they can't figure it out. They said, "Well, it could be that the economy is getting so good that people just want to, you know, do other things like investing in, you know..." food staples? Fallout shelters? Guns? Bullets? What? "You know, good stuff that's... because things are so incredibly good." Yeah, okay. What are they smoking? Is dope ‑‑ I mean, I know that the Fed can say, "Hey, a banker's privilege," and then they don't have to answer any questions? Is it like that, too? Are they shooting heroin or smoking dope or something there? Is that legal there? "Bankers privilege." No, we're all on massive quantities of drugs. They ‑‑ I love this. Does it mean that the U.S. Treasury yields and steepening yield curves suggest an economic recovery is more certain, meaning less need for safe haven government bonds and a healthy demand for credit? If so, there might be less need for the Fed to expand the money supply by borrowing more U.S. Treasuries. Or... does the steepening yield curve mean investors are worried about the deterioration in the U.S. fiscal outlook or the potential of collapse in the U.S. dollar? "One of the two. I'm not really sure which one." Oh, it's got to be that everything's getting great; let's print more money. Jeez, what's wrong with us? At what point do we say common sense?

Glenn Beck: Why MLK's pledge of NONVIOLENCE is the key to saving America

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Listen to the Rev. Dr. Martin Luther King Jr.'s pledge of nonviolence and really let it sink in: "Remember always that the nonviolent movement seeks justice and reconciliation — not victory."

On the radio program, Glenn Beck shared King's "ten commandments" of nonviolence and the meaning behind the powerful words you may never have noticed before.

"People will say nonviolent resistance is a method of cowards. It is not. It takes more courage to stand there when people are threatening you," Glenn said. "You're not necessarily the one who is going to win. You may lose. But you are standing up with courage for the ideas that you espouse. And the minute you engage in the kind of activity that the other side is engaging in, you discredit the movement. You discredit everything we believe in."

Take MLK's words to heart, America. We must stand with courage, nonviolently, with love for all, and strive for peace and rule of law, not "winning."

Watch the video below for more:

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Conservatives are between a rock and a hard place with Section 230 and Big Tech censorship. We don't want more government regulation, but have we moved beyond the ability of Section 230 reforms to rein in Big Tech's rising power?

Rachel Bovard, Conservative Partnership Institute's senior director of policy, joined the Glenn Beck radio program to give her thoughts and propose a possibly bipartisan alternative: enforcing our existing antitrust laws.

Watch the video below:

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Dan Bongino, host of The Dan Bongino Show, is an investor in Parler — the social media platform that actually believes in free speech. Parler was attacked by Big Tech — namely Amazon, Apple, and Google — earlier this week, but Bongino says the company isn't giving up without a fight. In fact, he says, he's willing to go bankrupt over this one.

Dan joined Glenn Beck on the radio program to detail what he calls a "smear" campaign behind the scenes, and how he believes we can move forward from Big Tech's control.

"You have no idea how bad this was behind the scenes," Dan told Glenn. "I know you're probably thinking ... well, how much worse can the attack on Parler have gotten than three trillion-dollar companies — Amazon, Apple, and Google — all seemingly coordinated to remove your business from the face of the Earth? Well, behind the scenes, it's even worse. I mean, there are smear campaigns, pressure campaigns ... lawyers, bankers, everyone, to get this company ... wiped from the face of the earth. It's incredible."

Dan emphasized that he would not give up without a fight, because what's he's really fighting for is the right to free speech for all Americans, regardless of their political opinions, without fear of being banned, blacklisted, or losing jobs and businesses.

"I will go bankrupt. I will go absolutely destitute before I let this go," he said. "I have had some very scary moments in my life and they put horse blinders on me. I know what matters now. It's not money. It's not houses. It's none of that crap. It's this: the ability to exist in a free country, where you can express your ideas freely."

Watch the video below to hear more from Dan:

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Joe Biden's administration is getting ready for something historic, but we're all being distracted. And now that Biden has hired at least 14 former or current executives from Big Tech — experts at colluding to censor unflattering news about Biden — Americans must be laser-focused on what's coming.

On January 20, the most corrupt president in American history will be inaugurated, and it looks like some of his cabinet choices were picked specifically so everything just – poof – goes away. The administration nominees appear to be all about preserving corruption, crony capitalism, and executing a Great Reset. Those same people also have one more thing in common: Ukraine.

On his Wednesday night special this week, Glenn exposes their radical agenda in their own words and gives U.S. senators the questions they must ask before confirming corrupt nominees to some of the highest offices in the country.


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