How Conspiracy Theories Are Born




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Here's the one thing: When the media completely ignores the biggest fraud in history, conspiracy theories are born.

We've told you about the two middle-aged guys with Japanese passports who were stopped by Italian police after trying to enter Switzerland with $134 billion worth of U.S. Treasury bonds.

This broke June 1. Since then the under-reporting and misreporting of the story has the bohemian grove-type crowd licking their chops, and they're probably already registering URLs for their next conspiracy Web site.

Under-reporting means no facts. No facts means there will be speculation. And speculation ends up looking like this — from a Bloomberg columnist:

"Are these would-be smugglers agents of Kim Jong-Il stashing North Korea's cash in a Swiss vault? Bagmen for Nigerian Internet scammers? Was the money meant for terrorists looking to buy nuclear warheads? Is Japan dumping its dollars secretly?"

So we know the questions. But what are the facts? There aren't many, but at least 10 reliable news sources are reporting that the bonds are fake.

Our Bureau of Public Debt suggests they're bogus and here's the quote from the Treasury: "Based on the picture we've seen via the Internet, the securities are crude fakes."

The Internet? Possibly the biggest scam in history and the best you can do is a Google search? Please, don't work too hard on this one, guys — geez.

The apparent lack of investigating in this story is leaving all the questions unanswered. Questions like: If these bonds were so obviously fake, why would it take two weeks for that information to come out?

This isn't just a run-of-the-mill scam. This is huge. Why are they ignoring it? This makes Bernie Madoff look like a petty thief. If economies were for sale, these two guys could buy Slovakia, Croatia and Mongolia.

It's so big that if real, confidence in the dollar would plummet. But apparently, it's not big enough for the authorities to bother holding onto these guys.

Our researchers couldn't find any wires or major dailies carrying official word on whether these two men are still in custody. Reports from the Financial Times and at least two credible Japanese papers suggest they were released.

If you make a mistake on Turbo Tax, the IRS is at your door in 10 minutes (unless you're Tim Geithner). But if you get caught with $134 billion in U.S. bonds, the reaction seems to be: "Whatever. If you guys have to go, that's cool. No need to stay in jail. We'll talk about this later."

Where the heck are these guys? Why doesn't anyone know? Why aren't the Italian police releasing any information or at least verifying that they know?

With so many questions left unanswered, we're left with speculation.

There's talk of four possible scenarios:

• It's just a couple of dopey schlubs acting alone

• The mob and Venezuela are working together. Venezuela hates the U.S. government and wants to collapse the economy. And the mob (not necessarily the Italian mob, but maybe a Russian or Japanese syndicate) wants money to do it

• Another government, such as China, Japan, Great Britain or Russia, wants to dump their money quietly, but don't want to collapse the dollar

• Our government is double-dealing. They are personally dumping debt, because they know about the possible deflation of the dollar. Could they be running a separate set of books? I mean, other than the ones we already know about

But those are just guesses. No one is answering any questions and if this story just dies, mark my words, in two years, when our dollar really starts to lose its value and we can't sell our bonds, this conspiracy theory will gain power and we'll have to listen to yet another drug-induced Charlie Sheen theory.

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How many times must the corporate media get something completely wrong — and attack anyone who dares to disagree — before we realize who they have become?

On the radio program Friday, Glenn Beck shared an article from the Daily Caller titled, "Eight Anti-Trump Narratives the Media Finally Had to Admit Were False All Along." From the Lafayette Square controversy to the denial that COVID-19 could have anything to do with a lab in China to the "Russian bounties" story, the list of mainstream media conspiracy theories goes on and on. If it were anyone but the liberal media who got the facts this embarrassingly wrong, they would have been out of a job long ago.

Watch the video clip below to hear eight of the most anti-Trump the narratives shamelessly pushed by the media — that were completely wrong.


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Former President Barack Obama sat down with CNN's Anderson Cooper recently for an interview scheduled to air in full on Friday. During the interview, Obama scoffed at the idea that critical race theory could be a "threat to our Republic," while claiming that "right-wing media venues" are "stoking the fear and resentment of a white population."

On the radio program Wednesday, Glenn Beck set the record straight: the right-wing media's efforts to call out the far-left have nothing to do with race in America, but rather everything to do with protecting our way of life that is being threatened more and more each day by the radical, Marxist ideology seeping into government.

"Mr. Obama, you lied," Glenn asserted. "You used the IRS to hunt down your enemy. You spied on the media. And your health care package, which was supposed to save every American $3,000 per year, has helped some, perhaps, while raising the cost of everyone's health care in double and triple percentages. But the worst thing that you did, is you planted, you watered, and you protected the Marxist seeds, by crying race."

Watch the video clip below to hear more from Glenn:

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Our sacred republic has never been in more danger than it is today. Little by little, industry by industry, the far Left is fundamentally transforming the country we love. And it's an aggressive, hostile kind of takeover we've only seen in some of the world's darkest societies.

On Glenn TV this week, Glenn Beck exposes how the Biden administration and Democrats are aggressively scrambling to reset everything: our free and fair voting system, our kids' education, our policing, immigration and border security, our economy, our military, and our energy supply.

Finally, Congressman Dan Crenshaw (R-Texas) joins to discuss how Biden's "woke" policies are threatening America's national security and our way of life.

Watch the full episode below:

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Apparel company The North Face recently stated that it would no longer make jackets for oil and gas companies because it doesn't want to be associated with the fossil fuel industry. In response, Colorado-based oil and gas company Liberty Oilfield Services rented full billboard ads to remind The North Face of the truth: "Globally, 60% of all clothing fibers are made out of oil and gas. For North Face, it is likely 90% or more."

Liberty CEO Chris Wright joined Glenn Beck on the radio program Tuesday to discuss just how much of our economy — beyond outdoor apparel and energy — wouldn't exist in a world without fossil fuels. And he warns that many companies are now deeming this truth to be "controversial."

"I have been for years, trying to get a real, honest dialogue about energy going," Chris told Glenn. "So we took this opportunity to point out that North Face jackets are ... almost completely made out of oil and gas. How can you choose not to associate with the essential material your equipment [is] made out of? So we put a billboard up ... the billboard says, 'That North Face puffer looks good on you. And it was made from fossil fuels.'"

"Most billboard companies did not want to run that billboard. They thought it was controversial," he added. "And Facebook put a hold on our brief video just saying the jacket looks good, this is what it's made out of. In today's world, that is controversial."

Watch the video below to catch more of the conversation:

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