Glenn Beck: The Demise of the Dollar




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Did you wake up and read about what's going on with the dollar? Probably not, especially if you still get your news from the paper. And if you get your news from American newspapers, then you definitely didn't read about what's going on with the dollar.

If you only get the paper, you probably know the names of David Letterman's interns and the latest with "Jon & Kate Plus 8." But the demise of the American dollar? Please. Didn't you hear they arrested the Erin Andrews stalker? Why would we waste time talking about the dollar?

Here's why: Because whenever I ask people how it is they believe we can possibly sustain our out-of-control spending and foreign debt, they always respond the same way: "We'll be fine. We just will. It's America."

OK, that's nice optimism. I'm sure you are going to be a favorite with Lindsey Graham — he's optimistic about stuff too. But that doesn't quite provide comfort after what I read in The Independent on the "Demise of the Dollar."

The British paper claims that Arab states have launched secret moves with China, Russia and France to stop using the U.S. currency for oil trading. They plan to instead move towards a "basket of currencies." Oh, that sounds so inclusive, doesn't it?

The basket includes the euro, yen, pound sterling, Canadian dollar, Swedish crown krona and the Swiss franc.

Hmmm, what's missing?

Now, just so you know, the Saudi Central Bank governor denies the secret talks took place. Oh, well if they said so, we can all assume the dollar is here to stay and everything is peachy. But, in the off-chance the Saudi Central Bank governor isn't *reliable*, what does that mean for our dollar and our country if it is no longer pegged to oil? What does that mean for you?

Well, the dollar has lost nearly 29 percent of its value in the last seven years — 29 percent is gone, you just haven't noticed it. Nine percent of that drop was in the last six months alone. Also, in six months it's lost 19 percent to the Australian dollar, 13 percent to the Canadian dollar and 12 percent to the Japanese yen.

So, how come you haven't heard about it?

Well, most people haven't minded that much. Our attitude has long been one of: "It doesn't matter how much the dollar goes down in value. Hey, it's good for business and we'll be able to make more stuff and sell it to people! We'll just keep buying oil with it. After all, it is America and they'd never destroy themselves!"

What happens when China and Gulf Arabs and get their way and end dollar dealings for oil and replace the dollar with a new reserve currency? Well, the world will dump its dollars. And that leaves us with all of this money and that's called hyper-inflation: Your 100 bucks is now worth one.

Now, if you are one of those people who think America will always be there because "we are America," let me make one thing very, very clear to you: America can fail. It is possible. Wasn't it only back in January that we had a United States congressman say America was "three hours away from complete economical and political collapse that would bring about martial law"?

I don't know if he was right, but is it possible? Let me ask you this: Do you remember what you felt like on September 11? Do you remember how fragile this country felt? Are you telling me we are in better shape than we were September 9, 2001? You are living in a fantasy land if you think so.

Out in the Redwood Forest, in California, these giant trees stood for hundreds and hundreds of years. They were immovable. They weathered great storms fires. They are a wonder of the world. Nothing could take them down — until suddenly, they started to collapse. We found that there was a tiny beetle that had started to infect the trees. Little by little — from inside — they started to consume and weaken the trees. And, before we knew it, what mighty winds and storms and earthquakes and fires could not take down, a tiny beetle did — from the inside.

Our society, our government, our financial and business system is infested with tiny beetles.

Lindsey Graham said I'm a pessimist and he doesn't listen to pessimists:

(BEGIN VIDEO CLIP)

SEN. LINDSEY GRAHAM, R-S.C.: You can listen to him if you like. I choose not to because, quite frankly, I don't — I don't want to go down the road of thinking our best days are behind us.

(END VIDEO CLIP)

But, let me make it clear: I'm not a pessimist. If I was a pessimist, I wouldn't be living in New York City. I would be living on a farm, someplace far from here, in an underground bunker. I am an optimist — no, let me take that back. I'm a realist.

We must recognize that the body is infested with beetles or a cancer. Stop ridiculing the doctor telling you this and telling you to get chemotherapy or telling you to call Terminix and start getting treatment.

Because I am a realist — an optimist — I know what the disease is: It's corruption and it can be treated. It can be cured. But not if we don't band together. Not if we waste time and scream at each other.

I am an optimist because I know we are the people that conquered the West, crossed the mountains and put a man on the moon. We certainly can defeat corruption. But if we don't, we will go the way of the Soviet Union, the last big superpower and empire.

For 70 years the Soviet Union was a world superpower with a military of 5 million and over 30,000 nuclear weapons. They were feared and played a big role on the world's stage. Does anyone remember what happened to the Soviet Union? It came crashing down and it didn't take long for it to fall either.

They were saddled with soaring budget deficits and foreign debt during the '90s and then the price of oil sharply declined, inflation was at 20-25 percent, the ruble's international strength declined, the country was embroiled in an endless conflict with Afghanistan… any of this sounding familiar?

We've got all of these similar problems in place, yet our government still has no problem jamming through $1 trillion health care plan? Or spending hundreds of billions on bank bailouts and stimulus money? And they don't even flinch at the billions in cost of a massive cap-and-trade program? One that, in the face of rising energy costs, would raise energy prices *on purpose*?

(BEGIN VIDEO CLIP)

THEN-PRESIDENTIAL CANDIDATE BARACK OBAMA: Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket.

(END VIDEO CLIP)

It's important to note that the Soviet Union didn't collapse, it was transformed. When three Soviet leaders met in the woods and they decided the Soviet system wasn't working and would eventually implode, they drafted a document and transformed the Soviet model. They presented the plan to the Supreme Soviet Council, who had one hour to debate.

They are going to come to you and tell you: "You had to do this." They wont take you farther into freedom, they are going to take you farther into control. You don't want your life and your freedom and your children's freedom in the hands of the people you don't trust now.

— Watch Glenn Beck weekdays at 5p & 2a ET on FOX News Channel

On the radio program Monday, Glenn Beck, Stu Burguiere, and Pat Gray discussed the Trump defense team's arguments in the Senate impeachment trial against President Donald Trump.

"This is different than what the Democrats were doing," Glenn said of the Trump team's impeachment defense. "We know the case of the Democrats, they just kept going over and over and over, for three days, the same stuff. The Republicans, at least on Saturday, did not ... and I thought it was really, really good."

Glenn added, "The president's defense was very compelling."

Watch the videos below to hear Glenn's top takeaways from the president's defense team:

Part 1: Why the president's defense is 'very compelling'

Part 2: Top takeaways from president's impeachment defense

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Americans are getting crushed by healthcare costs. In 2018 alone, we spent $3.6 trillion on healthcare — that's more than $11,000 per American and nearly a fifth of the national Gross Domestic Product (GDP). It's on everyone's minds, which is why it has taken center stage in the Democratic party's primary. Of course, the solutions offered by the current crop of presidential candidates would do nothing to help alleviate that enormous spending. In fact, it would only add to it — what with Bernie Sanders' Medicare for All and Joe Biden's proposed ObamaCare expansion.

However, what also deserves attention in discussions about plans that increase the government's role in health care is how religious organizations would be affected. Faith-based hospitals and health care sharing ministries (HCSMs) play an important role in America, often serving as a critical provider and/or facilitator of payments for medical services in many states. If plans like Medicare for All were implemented, these groups would be at risk of going bankrupt or being severely curtailed due to the elimination of choice that comes with these proposals.

Instead of imposing a top-down and expensive health care system overhaul, faith-based providers and groups should be allowed to continue offering a variety of plans that work as high-quality, often cheaper alternatives. And more Americans should consider them.

Instead of imposing a top-down and expensive health care system overhaul, faith-based providers and groups should be allowed to continue offering a variety of plans that work as high-quality, often cheaper alternatives.

As mentioned, one such option is a health care sharing ministry. In this model, individuals contribute money into a pool managed by a religiously or ethically-affiliated organization, and costs for medical treatment are shared by people who adhere to that organization's belief system. Typically, applicants are required to sign a statement of faith in order to be accepted. It's basically like a subscription service: consumers pay a set amount of money into the ministry every month. Then, when they have a medical need or incident, they submit a claim to the ministry. Members whose claims are approved are reimbursed by the ministry from that pool of funds. Note, these ministries don't cover procedures they deem immoral.

Because providers are often getting paid in cash under this model — and typically within 90 days — patients are able to negotiate significant discounts, in some cases slicing procedures' costs to a fraction of the initial price. Insurance companies, by comparison, tend to not pay dollar for dollar on claims, and certainly not in cash. Additionally, insurance companies usually have onerous paperwork requirements, forcing doctors to spend half of their time on electronic health records and desk work. This increase in demand for administrative work is partly responsible for the United States leading the world in administrative costs in healthcare.

There are various types of HCSMs, each offering different benefits depending on what the individual needs — and a lot of savings on monthly plans. Take Christian Healthcare Ministries, for example. It's resulted in enormous savings for its members. Whereas the average healthcare plan can cost about $400 a month on the low end (with high deductibles), CHM plans can run between $78-172 a month for a single person. These kinds of plans are particularly great options for people who are relatively healthy and young, where the need for doctors and prescription drugs is less likely.

HCSMs have seen explosive growth in popularity recently. In 2014, there were only approximately 160,000 members. By 2018, membership ballooned to about 1 million HCSM members around the United States who have shared over $1 billion in medical expenses. But unfortunately, many people still feel locked into the traditional — and expensive — health care insurance model. HCSMs provide a way out, and, depending on their belief system, people should research them and see if there's one that best suit their needs. If more people deviate away from the traditional health care insurance market, insurance companies would be incentivized to adjust their pricing. That won't be possible, of course, if plans like Medicare for All are implemented.

Health care is one of life's biggest expenses, and voters are understandably desperate for a plan that cuts costs without compromising quality of care or access to it. Alternative options to health care insurance such as HCSMs are practical, free-market solutions that saves money. Americans should sift through these options before subscribing to plans that will only break the bank.

James Czerniawski is a Young Voices contributor. Follow him on Twitter @JamesCz19.

Bill O'Reilly: Adam Schiff is in 'wonderland' during the Senate impeachment trial

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On the "Glenn Beck Radio Program" Friday, Bill O'Reilly gave his latest take on the Senate impeachment trial of President Donald Trump, and explained why he thinks House Intelligence Committee Chairman Adam Schiff (D-Calif.) is like "Alice in Wonderland."

Watch the video below to catch more of the conversation:

youtu.be


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Sen. Ted Cruz (R-Texas) joined Glenn Beck on the radio program Friday to discuss the latest developments in the Senate impeachment trial of President Donald Trump.

According to Cruz, Thursday was a "very consequential day" in the otherwise tedious and redundant impeachment proceedings.

"Yesterday, the House managers effectively threw Joe Biden under the bus," Cruz said. "They doubled down on what they started doing on the first day of arguments, which was making their entire case ... based on the proposition that there was zero evidence to justify investigating Burisma [the Ukrainian natural gas company that paid then-Vice President Joe Biden's son, Hunter, $50,000 a month to sit on the board]."

Cruz went on to explain that every time the Democrats, namely House Intelligence Committee Chairman Adam Schiff (D-Calif.), rehash the "zero-evidence" argument, they open the door for Republicans to present the overwhelming evidence that contradicts those claims.

"That proposition, that there's zero evidence to investigate Burisma, is utterly and completely absurd. So, I'm looking forward to Saturday when the president's lawyers will begin presenting his case. Because what the Democrats have done, is they have opened the door to this. And I hope the president's lawyers will stand up and systematically lay out the case," Cruz said.

"They've been arguing that Hunter Biden is completely irrelevant to this case. Well, the House managers have now, through their arguments, made Hunter Biden not only relevant — he was always relevant — but critical now," he continued. "They built the entire case, like a house of cards, on the proposition that there was no reasonable basis to investigate Burisma. And that's just absurd."

The two also discussed Cruz's new podcast, "Verdict with Ted Cruz," which he records with Daily Wire host Michael Knowles each night following the Senate trial.

"Last night's podcast went through systematically ... all of the overwhelming evidence of corruption from Burisma that any president, not only had the authority to investigate, but the responsibility to investigate," Cruz said. "And that, ultimately, is why President Trump is going to be acquitted at the end of this process."

Watch the video below for more details:

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