Glenn Beck: Goldman Sachs

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GLENN: Here's the first shot. This is how it's going to come apart. What was his name? Clayton? Stu, do you have this? Clyburn. Congressman Clyburn is leading the charge. Congressman Clyburn, by the way, one of the guys that they credit with Obama's win. He helped save Obama's campaign. He has just filed a letter to the administration saying these minority broadcasters, they need help. They can't get funding normally. But now they really can't get any funding. What is Telemundo going to do? Well, they are these Hispanics that just would want to have a radio station so badly and they can't get any funding. Oh, the African American community, there needs to be more African American radio stations owned by minorities! Can't we help them? Of course we can. Companies like Clear Channel just got too big and they're all white. We should break them up and then sell those stations to minority broadcasters and we'll help fund that. Oh, that is great. Congressman Clyburn, thank you so much for that idea. That's fantastic! Oh, by the way, it's a complete coincidence that congressman Clyburn, his daughter was just appointed to the FCC. Complete coincidence. Complete coincidence today that Goldman Sachs has their profits go up by 65%. Goldman Sachs. Well, let's just take you down this tree. I'm going to do this tonight at 5:00. You call everybody you know and you tell them you watch because this is a web and this is the way our entire government is being structured. When you see it, you'll be amazed. Let me just give it to you here. I'll tell you it. See it at 5:00. Secretary Paulson runs the treasury. Secretary Paulson comes from Goldman Sachs. Secretary Paulson is saving all of these institutions, but Lehman Brothers, no, no, no, Lehman Brothers, that's got to fail. They gotta fail. Lehman Brothers, who was Lehman Brothers' biggest competitor? Oh, Goldman Sachs. Who is Goldman Sachs' biggest competitor? Oh, Lehman Brothers. Lehman Brothers, they can fail. The very next day AIG, they can't fail. AIG needs to be saved! So the former employee of Goldman Sachs, now secretary treasury Paulson decides to bail out AIG. Who is one of the first companies that get the money from the bailout from AIG? Who does AIG pay off, one of the first ones in line? Oh, my goodness, what a coincidence. Goldman Sachs. So AIG pays Goldman Sachs. Then the former Goldman Sachs employee, now treasury secretary Paulson says we've got to appoint somebody to really oversee and design this TARP thing; who could I get, who could I get, who could I you know what? I'm going to hire somebody from Goldman Sachs. He will design TARP. At the same time Goldman Sachs calls their former employee who is now designing TARP and their former employee who's now the treasury secretary and says, you know what, we should be a bank holding company. A bank holding company? What? Are you kidding me? In the coming months that will take GE almost two days to have that happen. What, are you crazy? Wal Mart's been trying for years! "Okay, we'll do it." So the two former employees from Goldman Sachs now allow Goldman Sachs to be a bank holding company. Well, why would they want to be a bank holding company? Well, now they can get even more funds from the government. They cannot only get the TARP funds but they can also get FDIC funds. Oh, and there's also this other little pesky thing. The SEC, the SEC doesn't oversee bank holding companies. The Federal Reserve oversees a bank holding company as long as it's the Federal Reserve where what town is Goldman Sachs? Oh, New York? Yeah. So you'll be overseen by the Federal Reserve chairman of New York who, oh, my gosh, what a coincidence! He's on your board of directors! Oh, well, that's great because he will know all of the stuff and he will be able to see if there's any kind of wrongdoings going on. The guy overseeing is on your board of directors, which is against the law. Boy, that's a bad thing that that's against the law. What are we going to do? Oh, oh, I just remembered. Not a problem! Because former Goldman Sachs employee is now the treasury secretary. So he just has to sign a waiver that says, "Don't worry about that! He doesn't have to get off the board. He doesn't have to sell any of his stocks. He will just have the former Goldman Sachs employee write a waiver to the Federal Reserve so the Federal Reserve chair can stay on the board and not only keep his stock but he can buy hang on just a second 52,000 shares of additional stock." Yeah. So now the guy who's overseeing Goldman Sachs, the watchdog, buys 52,000 shares more which up until today only made him three million dollars. I can't even imagine with a 65% profit increase how much money he's made. That's fantastic. Oh, by the way, the biggest thing that Goldman Sachs was doing was derivatives. Derivatives, derivatives, what are derivatives? Oh, my gosh, derivatives, why do I know that? It seems like a bad thing. Is that CBO, isn't that the D and the C he owes? Isn't that what caused all of this mess? Wait a minute, wait a minute. No, the derivatives didn't cause that. That was the oil. Wait a minute, hang on just a second. Goldman Sachs was the biggest derivatives and also weren't they the biggest in oil speculation as well? Wow, they were in two of those. Huh. Well, it's a good thing that we're out of derivatives and oil and energy. They've learned their lesson. They've learned their lesson because they are onto something brand new. They are onto cap and trade. They are the biggest supporters of cap and trade next to GE, which is also weird because that's part of the government now, too. But anyway, they've gotten out of the derivatives and they've gotten out of oil speculation because they learned their lesson. Now they are just going to start creating the biggest derivative market of invisible gas for energy. That doesn't sound like there's a problem there at all. Wait until you see this web, and this is what's happening to our government. There is a web that is being created and you are the fly. And they are just, they have stuck their fangs in you just to make you sleepy enough to put silk around you and then once you can't move, they will suck every bit of blood out of your body. More importantly because I meet enough people who say you could suck all the blood out of my body if it would leave my children alone. Your children will not have a chance if we continue to allow the spending, if we continue to allow people like Sotomayor getting in when she says I rule we all know you rule from the bench. You make laws on the bench. But then yesterday saying, "Oh, no, it's fidelity of the law." Which one is it? Why are we accepting things that we know are lies? They have lied to us over and over again and yet we do nothing! Is it because they have put that little sleepy juice into our necks? Slap your neighbor across the face and say wake up, man; you're caught in a web.

The Senate Judiciary Committee was set to vote on subpoenas to compel Twitter CEO Jack Dorsey and Facebook CEO Mark Zuckerberg to testify on alleged censorship and bias across their platforms. But that all changed when Republican committee members "expressed reservation about the maneuver," Politico reports.

Sen. Ted Cruz (R-Texas), who chairs Judiciary's Subcommittee on the Constitution, was definitely not one of the committee members with cold feet. On the radio program Tuesday, he told Glenn Beck that he's fighting "vociferously" to ensure Dorsey and others testify before the November 3rd election.

"Jack Dorsey and Mark Zuckerberg are both going to testify. They're are going to testify in person. They're going to testify before Election Day. That's what I think should happen," Cruz said. "That's what I'm fighting vociferously to happen. Right now, the companies are negotiating with the chairman's office to discuss terms to come voluntarily. I don't give a damn whether they come voluntarily or under subpoena. They need to testify in person and answer questions for the American people about why they are trying to steal this election, to suppress the free speech, and to censor the press."

The subpoenas would require Big Tech leaders to testify on the alleged "suppression and/or censorship" of two consecutive blockbuster stories from the New York Post. The first story was about emails that allegedly came from Hunter Biden's computer which are currently being investigated by the FBI, and the second was based on additional emails that allegedly showed communist China directly offering millions of dollars to then-Vice President Joe Biden.

"Big Tech stepped in, and they've done something they've never done before," Cruz explained. "We know that Big Tech has been censoring individual conservatives, trying to suppress conservative speech. But the step they took here is, they blocked if any individual user tried to share either of the New York Post stories, [they] were blocked ... Sharing a news story, from a major media outlet is part of democracy, part of free speech. And not only that, they blocked the New York Post itself. Right now, today, the New York Post is not being allowed to post its own damn stories on corruption. This is ridiculous. It's a threshold that's never been crossed before, of Silicon Valley oligarchs declaring the authority to determine what the press is allowed to report, and who is allowed to see it."

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If we learned nothing from the media over the past 4 years it's that colluding with a foreign entity to either win an election or for personal gain is absolutely grotesque. Well, that depends on whether you have a (D) or (R) before your name anyway. President Trump was impeached on rumor and innuendo yet Joe Biden has all but skated on his corruption up to this point.

Below is a timeline that shows the level of corruption and the lengths the Biden's went to in order to build that family's wealth and influence internationally.


In 2009, Joe Biden was the brand-new Vice President and John Kerry was a U.S. Senator. Just five months after Joe was sworn in, his son Hunter, and Kerry's stepson, Christopher Heinz, formed an international private equity firm called Rosemont Capital. It had several different branches, including one called Rosemont Seneca Partners.


Just nine months after Rosemont Seneca opened its doors, Hunter Biden went to China for meetings with executives from China's biggest banks, and its sovereign wealth and social security funds. That's unheard-of access for a brand-new firm. Was it just coincidence that at the same time Hunter was meeting these Chinese bigwigs, his dad was meeting with China's then-president Hu Jintao in Washington DC at a nuclear security summit?


In May 2011, Joe Biden met with Chinese officials for the U.S.-China Strategic & Economic Dialogue conference in Washington. Just two weeks later, Hunter Biden went to Taiwan for meetings with the same Chinese financial giants he'd met in China in 2010, plus some new ones.


By December 2013, Joe Biden was enjoying his second term as VP, and John Kerry was now Secretary of State. That's when Joe traveled to Beijing on an extended official trip and Hunter traveled with him on Air Force Two.

During their stay, Vice President Biden met with President Xi and Hunter was mostly out of sight. We don't know exactly what he was up to, but the deal finalized between Rosemont Seneca and the Bank of China just ten days after the Bidens' trip pretty much gives it away. The most powerful financial institution in China formed a joint venture with tiny Rosemont Seneca to create a giant new investment firm called Bohai Harvest RST – the "RS" stands for Rosemont Seneca.

The firm is often called "BHR" for short.

Hunter Biden was a member of the Board. Remember, the Bank of China is government-owned, which means its business is completely intertwined with the goals of the Chinese Communist Party. BHR also got the freedom to operate in the newly created Shanghai Free-Trade Zone where, over the next six years, it would use $2.5 billion of Chinese government money to invest in China, as well as in other countries, including the U.S.

During their Beijing trip, Hunter also introduced Jonathan Li to his dad. Li is Hunter's business partner – he's CEO and Director of BHR.

Hunter arranged for Joe to meet Li in the lobby of the hotel where they stayed during their Beijing trip.


In 2014, one of BHR's first major investments was in the China General Nuclear Power Corporation.

CGN is a Chinese government-owned nuclear power company that sold off a stake of the company to outside investors. Problem is, CGN was under FBI investigation for paying informants in the U.S. to steal nuclear secrets.

In 2016, the FBI arrested the ringleader of this nuclear espionage, a man named Allen Ho.

When they arrested Ho, he was using a random code generator to access funds being provided to him from – where else? – the Bank of China.

Yet while this FBI probe was going on, the son of the Vice President owned a stake in the company being investigated. And even after arrests were made, Rosemont Seneca did not alter its relationship with BHR, nor did it divest from CGN, even though it was stealing U.S. nuclear secrets.


In 2015, BHR partnered with the Aviation Industry Corporation of China (AVIC) to buy an American company called Henniges for $600 million.

AVIC is a gigantic military contractor in China – think Lockheed Martin – that makes fighter jets, bombers and drones. BHR bought 49% of Henniges and AVIC bought 51%.

Henniges is a precision parts manufacturer specializing in anti-vibration technology. The stuff they make is known as "dual use" by the U.S. State Department, which means the technology can also have a military application.

Because of that, the deal had to be approved by the Committee on Foreign Investment in the U.S. (CFIUS) since it could have national security implications. The thing is, the American side of BHR – meaning Hunter Biden and his pals – had to know there were serious national security implications with AVIC.

The year before they formed a partnership with AVIC, the Wall Street Journal reported how AVIC stole technology related to the U.S. Air Force's F-35 stealth fighter and used it in its own stealth fighter for the Chinese.

How the Committee on Foreign Investment approved that deal remains a mystery. CFIUS does not publicly disclose any information regarding its decisions. Their findings are not publicly announced.

Interesting that China accounted for the largest share – with 74 transactions – approved by CFIUS during Obama's second term (2013-2015).

Under the umbrella of Rosemont Capital was a real estate company called Rosemont Realty. In 2015, a Chinese company called Gemini Investments bought a 75% stake in Rosemont Realty. The company was renamed Gemini Rosemont

Gemini brought $3 billion to the partnership with Rosemont, with the aim of buying "Class A institutional-quality commercial office properties in U.S. markets."

Red flag (literally) – Gemini Investments is a subsidiary of the China Ocean Shipping Company, a.k.a., "COSCO."

COSCO is a Chinese government-owned company. Its headquarters in Beijing is actually next to the headquarters of the Bank of China. COSCO is well-known for its close military ties. It's essentially a branch of the Chinese Navy.


In 2017, BHR invested in Face++. That's the facial recognition phone app built by a Chinese company that is incorporated in a separate app built by the Chinese government. Police in the Xinjiang [Sin-jong] region of China use that app to keep tabs on citizens, and track and detain Uiguhr [Wee-ger] Muslims.

The app allows police easy access to data about Chinese Muslims including things like religious activity, blood type, and even the amount of electricity they use.


In March 2018, a spokesman (Chris Bastardi) for Christopher Heinz (John Kerry's stepson) emailed The Hill to say that Heinz had "no operating role" in Rosemont Seneca, and that he was not involved in any of Rosemont's deals in China (which contradicts Schweizer's report in his book Secret Empires).

Chris Heinz was involved in Rosemont Capital. Rosemont Seneca was established under the same GP as Rosemont Capital, but Chris Heinz had no operating role in it. Chris and his family have no financial interest or investment in Bohai Harvest RST, he has never traveled to China, and he has never met with the firm's Chinese management team or investors.


In October 2019, Hunter Biden's lawyer, George Mesires, said Hunter did not conduct any business on that 2013 trip to Beijing with his Dad.

Mesires said the timing of BHR's business license getting approved was purely coincidental because the paperwork had been submitted months before the Bidens' China trip.

According to Hunter's lawyer, the approval " was not related in any way, shape or form to Hunter's visit."

Hunter Biden finally stepped down from the BHR board last October (2019), but he DID NOT give up his 10% stake in the company.

When Bevan Cooney — the former "junior" business partner to Hunter Biden and Devon Archer — went to jail in 2019, investigative reporter and New York Times bestselling author Peter Schweizer thought he'd never gain access to the damning emails Cooney had promised. That all changed three weeks ago when Schweizer was given complete access to Cooney's gmail account.

Schweizer joined Glenn Beck on the radio program Tuesday to describe just some of the business deals revealed within these emails — like Hunter working with an alleged Russian criminal and with Chinese communists to secure their assets, or to secure one-on-one time with his dad, then-Vice President Joe Biden. And all of this new information is completely separate from the emails allegedly discovered on Hunter Biden's laptop recently reported by the New York Post.

"So, I want to make this clear. This [Cooney's emails] has nothing to do with what's on the laptop … It didn't come from [Rudy] Giuliani. It didn't come from anybody else, right?" Glenn asked Schweizer.

"That's absolutely correct," Schweizer confirmed.

He briefly explained how Cooney, a former Los Angeles nightclub owner, is currently serving a prison sentence for his involvement in a fraudulent business bond scheme with Biden and Archer. From prison, Cooney gave Schweizer written permission to access his Gmail account.

"This is really important," he noted. "We're not looking at printouts. Not looking at PDFs. We're actually in his Gmail accounts themselves, sifting through these emails. And there's a shocking amount of information about deals involving China, involving Russia, involving all sorts of things they were trying to pull off."

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The king of "No Spin" and bestselling author of "Killing Crazy Horse," Bill O'Reilly joined Glenn Beck on this week's podcast to talk about the latest developments in Joe Biden's Ukraine and China corruption scandal. Now that some of the details are finally coming out in the open, does the average Democrat care? Maybe, but the Left doesn't seem to.

O'Reilly argued there's more hatred for President Donald Trump now than in 2016, and that some people hate President Trump so much that they'd rather vote for the "senile, corrupt" Joe Biden.

"Hunter got tens of millions of dollars from Ukraine, from Russia, from China because his father was vice president. I have no doubt in my mind," O'Reilly said. "But the hatred for Donald Trump overrides that in the minds of millions of viewers. They're saying, 'You know, we'd rather have the senile corrupt guy than Trump.'"

Asked by Glenn if any other Republican running for president would be met with the same level of vitriol, O'Reilly answered, "The Left is the Left. They don't like America. The want to redo the Constitution. They want to take some of our freedoms, like the Second Amendment and the First Amendment, and change them. And they want to destroy capitalism and replace it with a big centralized government in Washington that controls the economy … but I'm talking about the folks. I have liberal friends and I say to them, 'Do you not understand that when you vote for Biden, you're voting against your own self interest?'"

Watch the video clip from the full podcast below, or find the full episode HERE:

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