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?

The extreme-left idea that gender is "fluid" is a complete denial of science, according to sex researcher and neuroscientist Dr. Debra Soh.

Dr. Soh joined Glenn Beck on his latest podcast to talk about her new book, "THE END OF GENDER: Debunking the Myths about Sex & Identity in Our Society" and to offer a hard dose of objective truth about gender and sexual orientation based on scientific facts.

She also explained why she had to leave academia to be able to speak freely about sex and identity, and how — despite being a liberal — the far-left is actively trying to cancel her for saying there are biological differences between men and women.

Watch the video clip below or find the full episode of the "Glenn Beck Podcast with Dr. Debra Soh here.

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In February 2020, Glenn Beck and his research team uncovered an alleged multi-billion dollar money laundering scheme which lead to a missing $1.8 billion in U.S. aid sent to Ukraine during the Obama administration, all of which pointed to Igor Kolomoisky, the corrupt Ukrainian billionaire at the center of it all.

If you missed Glenn's February special, "Ukraine: The Final Piece," you can find it here.

This week, the FBI raided the offices of U.S. companies owned by Kolomoisky in Cleveland and Miami. Additionally, the Department of Justice accused the Ukrainian oligarch of stealing billions of dollars from PrivatBank and then laundering the money through a network of companies all over the world. Kolomoisky and partner, Hennadiy Boholyubov, owned PrivatBank until December 2016, when Ukraine nationalized the bank because billions of dollars had gone missing.

Kolomoisky has ties to the Ukrainian gas firm Burisma, former Burisma board member Hunter Biden, and Ukrainian President Volodymyr Zelensky, whose phone call with President Donald Trump was central to the Democrats' now-failed impeachment attempt.

On the radio program Friday, Glenn spoke with chief researcher Jason Buttrill about these latest developments.

"Yeah, $1.8 billion of [taxpayer] money that just vanished has now been found, or at least part of it, in Miami and Cleveland," Glenn said.

"I can't believe it's taken this long," Jason responded. "You said in February that [Kolomoisky] was the key to finding out where the money went. And we're talking about $1.8 billion dollars — $1.8 billion! That could finance a small war."

"That money went to PrivatBank — that's Kolomoisky's bank," he continued. "It was later nationalized after they found out all this money was mysteriously going missing. But it went through a bank in Cypress then, poof, it was laundered all over the world. [...] We also showed, in one of the previous shows, that there were wire transfers going from Burisma, which Kolomoisky is the managing principal of, to Hunter Biden."

Glenn and Jason also talked about recent reports from the Department of Homeland Security (DHS) alleging ties between American revolutionaries, such as Antifa, and Marxist terrorists in Syria, which BlazeTV exposed back in June. Find out more here.

Watch the video below for more details:



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The Federal Reserve is now doing two things it has promised never to do: purchasing our national debt, which has never been higher, and printing money, which leads to deflation. As a result, your money in the bank has already lost 10 percent of its value in recent weeks.

On the radio program, Glenn Beck explained how, thanks to the fed's poor decision making, our deficits have another dangerous effect: The United States' credit score has been downgraded, putting our country at risk of becoming an untrustworthy borrower. He also advises Americans to have at least a week's worth of cash at home, because a banking crisis could happen soon.

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Black Lives Matter protesters sent a shocking, threatening letter to businesses and non-profits in Louisville, Kentucky. The letter made a series of demands related to racial reparations, and threatened consequences if the demands weren't met, the Daily Wire reported.

On the radio program Tuesday, Glenn Beck detailed the letter's list of demands and threats, and pointed out that these tactics are strikingly similar to those we've seen during some of history's darkest chapters.

The letter, which was sent to businesses in the East Market District in downtown Louisville, listed demands such as ensuring that at least 23% of staff are black, providing race and inclusion training for all employees, displaying a written statement professing support for the BLM movement, buying at least 23% of inventory from black retailers, and submitting to external audit.

"Repercussions for non-compliance" to these demands will result in sit-ins and protests being staged outside the business, social media smear campaigns, boycotts, negative media attention, and "invasive reclamation," the letter threatened.

"So, I'm making quite a charge here, but I think it absolutely fits," Glenn said on the show. "Carl Kaufman, the representation that was used by Hitler and his machine, he convinced the youth that they were the answer, they would finally take control, and they would bring equality. [Kaufman said] the Jews controlled everything, and because of the Jews, the Germans really didn't have any freedom. Because of the Jews, they couldn't do anything. They were held down by the Jews. He said, 'We're going to have to boycott those stores. And if those stores don't comply, we will keep our storm troopers outside of the doors.' And they did. They intimidated anyone who walked into those stores. They berated anyone who walked into those stores. They beat anyone who walked into those stores."

"I told you once, that if America goes dark, we'll become the darkest nation ever in the history of the world," Glenn continued. "Guys, we're allowing our nation to go dark. And we're doing it because of fear. Everybody knows this is wrong, but who is going to stand up against it?"

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