Glenn Beck: Dems raise debt ceiling


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GLENN: Oh, man, all right. So here is the, here's the latest, if I may. On its face, the probability of the U.S. defaulting on its spiraling debts seems highly unlikely. But that's not what the market now thinks. The price of insurance against a default, using derivatives uh oh, there's a bad word, using derivatives known as credit default swaps uh oh, there are three words that got us into trouble has jumped by more than 50% in the private market in recent months. According to CMA Datavision in London, a specialist in these kinds of contracts, it will now cost you .34% of the principal per year to buy default insurance on U.S. Government bonds. If you held $1 million in treasuries, insuring against the default will cost you $3400 for the year. Just a few months back, insuring those bonds would have cost less than $2,000 a year.

Let me explain this. You buy these, you buy an insurance policy. It's like you buy an insurance policy for your house. You're going to have to pay it off. You are going to have to you know, you are going to be stuck with it. So if something happens to it, you want to make sure you can get your investment, right? It's the same thing, except the only way your houses burn down is usually, you know, there has to be an electrical problem or a toaster or, you know, there's an arsonist or whatever. When you have a million dollars in treasuries, you just have to worry about the arsonist that is the United States congress, treasury, the Fed and the president. I've been warning you about the arsony that is arsony? Larceny.

STU: I like that because that is

GLENN: It should be arsony actually because it is larceny and arson at the same time combined.

STU: I like it, yeah.

GLENN: Arsony, larceny. Arsony. You have to worry about the arsonists that are burning down the U.S. dollar. So you would have to buy insurance for that. Well, you don't really need a lot of insurance. The U.S. dollar ain't going anywhere... right?

Let me continue to read: For investors the greatest danger is not that America could formally default on its debts. Why is that? Why is there no fear that America will default on their debts? We're concerned that banks would default, homeowners would default, California could default. Why doesn't the United States, why is no one worried that the United States will default on their debts?

PAT: We have printing presses.

GLENN: Exactly right. Governments don't default because they can print the money. For investors the greatest danger is not that America could formally default on its debts. It's that the government may informally default by unleashing inflation. It's hard now to see any other outcome. Anyone holding long term treasury bonds should demand pretty high listen to this. Now, here's the other shoe to fall. Make sure you have it. Investors are now saying this is risky. The insurance companies are now saying we need more money to insure a million dollars worth of treasuries because it's becoming more risky that the United States government will informally default by printing too much money and hyperinflation. Remember, I told you this at least a year ago, maybe two years ago. Read the Weimar Republic. That was insane. That was a conspiracy theory. That will never happy. Now the people if you believe in the free market, the people who have their money at stake are now saying, "Maybe we should increase that. Anyone holding long term interest treasury bonds should demand pretty high annual interest rates to compensate for the risks. So in other words, what are they saying? Don't take a 30 year treasury at 4.4% interest rate. I need an 8% interest rate, or whatever, 6%, 8%, 10%, 12%. Whatever the people who buy 30 year bonds and we're not talking about you.

PAT: Can I get 1600%?

GLENN: Yeah, I know. Talking, not talking about you. We're talking about the people who buy them in bulk. Who are those people? Remember, we now, most of our debt, or at least most of our new debt is on six can you imagine getting a six month revolving loan? These aren't 30 years. These are six months. So every six months we have to go and ask the bank basically, China, for another loan: Okay, could you guys carry this over another six months? Oh, and by the way, we want to add this to it. We're now trying to get anybody to buy longer term treasuries. What they're saying is don't do it. If you're going to try, if you are going to hold that money for 30 years, do you think 4% is worth that risk? Demand more. Why is that a bad thing? Because that means to borrow money, we have to pay it's just like your home loan. If you get a mortgage and it's 4% interest, that's what the yield is. This is our mortgage for our country. 4% interest, okay, that's not bad. For a 30 year house loan? Okay, that's good. I'll pay 4%. Now, are you going to be able to afford that house at 6%? 8%? 10%? The people who can buy the house, especially if you're somebody who you're already mortgaged to the limit, you just don't have any more money, what caused this financial problem? The reset of the loan. The reset of the mortgage interest rate. That's when people started losing their home. That's what this means. The 30 year treasury. The 10 year treasury. It's too low of an interest rate, and the world needs to demand a higher interest rate. That means anything they're conning you into believing that we can now afford, the loans are about to reset. And when they do, can we afford to make that payment? The answer is no. If you look at what our interest payment will be, you read about it in Common Sense, it is worse than what I described in Common Sense. That's now out. There's two million copies now that have sold. Common Sense is almost at the two million books sold. That doesn't happen. Two million books sold. I described that when people read it back in the summer, people said, that can't be right. I looked at some of the research: That can't be right. It's now worse because of the things that we have done. And those aren't my numbers. Those are from, like, whitehouse.gov. What I wrote about in Common Sense six or eight months ago was that we are going to have an interest payment about the size of the stimulus package every single year, an interest payment. If I said at the time, if everything goes well, we are guaranteed by, I think it's 2019, to pay almost $800 billion every month in interest alone. That's one stimulus package every single year... if the interest rate doesn't go up. The interest rate is going to go up. I am having now the same conversation that I had in 2003? I remember it vividly. I was in Philadelphia. And Stu, I was looking at you just like I'm looking at you now and said, help me out with the math. That doesn't work. Because if you can only afford the payment of that house now when there is 0% interest, what happens when you have 4% interest? Or 6 or 8. Oh, don't worry, things will get better. Don't do it. Do you remember? I am now having the same conversation with you about our federal government. We can afford this no, no, we cannot afford this. We cannot afford what we have now. We are bankrupt. The only reason why we don't, you don't see the stories on the news is because we have a printing press! We are in worse shape than California, but we have a printing press! And we haven't had an upgrade in our interest rates, but the banks of the world, the Chinas of the world, the individual investors of the world are going to begin to demand soon higher interest rates. When that happens, our loans reset. Then what do we do? There will only be one thing we can do: Inflate the money. Or... tax at, what, 80% for everyone? Remember, to pay off just the first debt, the first $12 trillion which next year will be $14.4 trillion, to pay the first $12 trillion, we have to take last year's Fortune 500 companies' profit, all 500 of them, all of the profit that they made and seize every dollar of that profit, for 145 years. That would pay off the first $12 trillion. We have unfunded liabilities, which means we have no funding for it whatsoever. The $12 trillion is what we owe China. We owe them that. What we have promised we are going to give people is $106 trillion. Please, please, buy gold! Sell everything you have and just buy gold! Buy it now! It's crazy!

STU: (Laughing).

GLENN: Please, get out of debt and look at the world with different eyes. Somebody's got to be a leader. Somebody's got to be a leader.

Chances are, you've noticed that many large companies have decided to become woke activists, despite the fact that alienating half your customer base is a terrible business strategy.

This woke shift isn't being driven by the usual market forces. It's the Great Reset's ESG score system at work, Glenn Beck said on "GlennTV." Under the “environmental, social, and governance” score system, companies will no longer make decisions based on what you, the consumer, want. Now, it's all about what those in power deem society should want. And it's not just businesses that are affected, he explained.

Watch the video clip below or find the full episode of "GlennTV" here:


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11 things you can do to help stop the Great Reset

Photo by Arthur Franklin on Unsplash

The foundation of the American way of life is freedom from tyranny, which can only exist in a nation that defends the rights, powers, and property of individuals and families. Over the past two centuries, the greatest threats to liberty have come from governments, both foreign and domestic. And from the beaches of Normandy to the civil rights movement of the 1960s, Americans have repeatedly conquered the challenges placed before them by those seeking to extinguish or limit individual rights.

However, over the past few years, a new, potentially catastrophic danger has emerged, but not primarily from the halls of Congress or state capitols. This threat to freedom has largely emanated from the board rooms of the world’s wealthiest, most powerful corporations, large financial institutions, central banks, and international organizations such as the United Nations and World Economic Forum.

In an attempt to secure vast amounts of wealth and influence over society, corporate CEOs, bankers, and investors, working closely with key government officials, have launched a unified effort to impose environmental, social, and governance (ESG) standards on most of the industrialized global economy. ESG standards are also referred to as “sustainable investment” or “stakeholder capitalism.” According to a report by KPMG, thousands of companies, located in more than 50 countries, already have ESG systems in place, including 82 percent of large companies in the United States.

ESG standards are designed to create a “great reset of capitalism” and to “revamp all aspects of our societies and economies, from education to social contracts and working conditions.” ESG supporters plan to enact these radical changes by using ESG schemes to alter how businesses and investments are evaluated, so that instead of focusing on the quality of goods and services, profits, and other traditional economic metrics, companies — including financial institutions — are evaluated largely on their commitment to social justice and environmental causes and then assigned scores so that companies can be compared, rewarded, or potentially punished.

Supporters of the movement for a Great Reset also plan on using technology to limit free speech and privacy rights, and they support creating vast new government programs that are designed to transform the Western economy via the Green New Deal, European Green Deal, a federal jobs guarantee, and basic income programs.

Together, the proposals that make up the Great Reset represent the most serious threat to freedom in the West since the fall of the Soviet Union and perhaps since World War II. But there is hope. We can stop the Great Reset, but only if we act quickly and with great conviction.

Below are 11 steps you can take to push back against the Great Reset. These steps represent a powerful bottom-up, grassroots approach to the Great Reset’s top-down plan to remake the world. Although many of these steps won’t be easy for everyone to take, they are essential for ensuring that our children and grandchildren will grow up in a world that protects the rights of individuals and empowers families, rather than wealthy special interests, financial institutions, and large corporations.

1. Live Not by Lies: The time for remaining quiet is over. When you hear or see something that you know to be false, speak up. Be kind, generous, and compassionate, but do not, under any circumstances, allow lies to infect your life. Further, do not support organizations, publications, politicians, schools, or any other institutions that regularly promote false claims.

2. Buy Local: The reason the Great Reset is so powerful is because so many of us have become totally dependent on large multinational corporations. They can be easily manipulated in a way that small, local businesses cannot. Learn to buy local, whenever possible, even if it means spending more money on your purchases. Yes, big corporations offer conveniences and low prices that many small businesses can’t compete with, but those benefits come with a great cost: your freedom.

3. Bank Local: Big financial institutions and banks are driving much of the Great Reset movement. They have started to use their incredible wealth and power to alter society by financing only those businesses who agree to the terms of the Great Reset. This problem is going to get worse, so it’s important to find local banks and credit unions you can trust and who refuse to utilize ESG scores and other discriminatory schemes.

4. Support Local Farms: If you live in an area that has local farms and farmer’s markets, consider buying as many of your groceries as possible from farmers. In the future, food production and distribution are going to change dramatically. It’s important that you support local farmers and build relationships with individuals who can provide you with the goods you need in a time of crisis. One of our main goals must be to make local communities as self-sufficient as possible, and that cannot happen unless we support local farms.

5. Be Vocal: After starting to shop and bank locally, be sure to tell big financial institutions and corporations why they have lost your business. They need to know that their decisions have serious consequences.

6. Run for Local Government: Local and state governments will soon be our most important defense against the Great Reset. Consider running for your local school board, zoning board, or even for a state legislative office. If you don’t feel qualified for these positions, find someone who shares your values and help them run for office. If we don’t have control of our local governments, we won’t be able to halt the Great Reset.

7. Demand That Your State Pass Laws Against ESG Scores: In America, states have a tremendous amount of power to slow the Great Reset and protect their citizens from abuses by large corporations, banks, and international institutions. They can do this by passing laws that make the use of ESG metrics and other, similar systems by financial institutions illegal, when used as a precondition for banking services, financing, investment, etc. ESG scores are, by definition, discriminatory and should be made illegal by state lawmakers who care about protecting their citizens’ rights.

8. Make Responsible Spending a Key Issue for Politicians: In recent years, politicians on the ideological left and right have totally abandoned responsible fiscal policy in favor of vast money printing and loose monetary policies. The many trillions of dollars that have been “printed” in recent years put our economy at risk and are being used to fuel the Great Reset. Without these trillions of dollars of printed money, it would be exceptionally difficult for governments and financial institutions to buy off corporations.

9. Organize Anti-Great Reset Groups: No matter where you live, there are Americans in your community who do not support the Great Reset — Republicans, Democrats, and independents alike. Find like-minded neighbors and organize a local, peaceful resistance. Find people you can trust and agree to support one another when times get tough. Now, more than ever, we need to develop dependable communities.

10. Buy Property and Diversify: Property ownership is going to become increasingly more difficult in the months and years to come. It’s important that you work with a qualified financial adviser to help you figure out the best way to buy property and diversify your investments. Buying hard assets, including real estate and precious metals, could be a good way for you to protect against the Great Reset and a possible financial collapse. If you already own property, resist selling it to large corporations and financial institutions, whenever possible. (This is not financial advice, and I’m not a financial adviser. Talk to an expert you trust before taking action!)

11. Make the Great Reset a Litmus Test for Politicians: Before supporting politicians, find out if they know what the Great Reset is and what they plan to do to stop it. If they aren’t familiar with the Great Reset or don’t have a plan to halt it, then demand that they learn about the Great Reset and develop a proposal to prevent it. Political leaders who refuse to take the Great Reset seriously do not deserve your support. This is the key issue of our generation.

Scott Quiner was transferred over the weekend to a hospital in Texas after doctors in Minnesota threated to terminate life support measures as he battled severe complications from COVID-19. Scott's wife, Anne Quiner, appealed to the courts for a restraining order to prevent the hospital from pulling the plug as she sought a new facility to provide medical care for her husband. Scott was unvaccinated when he tested positive for COVID-19 in late October, 2021.

Anne and her attorney Marjorie Holsten joined "The Glenn Beck Program" Thursday to describe their frantic efforts to halt the hospital's decision to turn off Scott's life support — allegedly because he was unvaccinated — and just how difficult it was to get him the medical treatment he needed.

"It was absolutely stunning," Holsten told Glenn. "[Anne] came in and she has this order, I saw the screenshot from the [online medical] chart that said [Scott] is basically scheduled for execution at noon the following day."

According to Holsten, the Minnesota hospital responded to her appeal for a restraining order by claiming that the "position" to keep Scott alive "is not supported by medical science or Minnesota law. As a result, Mercy will ask the court to issue an order that Mercy has the authority to discontinue Mr. Quiner's ventilator and proceed with his medical care plan."

"The 'medical care plan' was the plan to discontinue the ventilator at noon, which leads to death very shortly. So that was at 10 o'clock, but then at 11 o'clock, before the 12 o'clock execution, the judge did, in fact, sign an order saying the hospital is restrained from pulling the plug," she added.

Anne told Glenn that doctors in Texas were shocked by Scott's condition after he arrived from the Minnesota hospital. Not only had he been given dangerous drugs, he was also found to be “severely malnourished."

"The doctor [in Texas] spent two hours with Scott and when he came back out, he said, 'I don't know how he even made it, how he even survived that other hospital ... but I will do everything I can to try to save his life,'" Anne explained.

"And the doctor [in Texas] said Scott was the most undernourished patient he has ever seen," Holsten added.

"Glenn, we are first bringing this battle to the court of public opinion," Holsten continued. "What we are showing the world is that Scott was near death because of the protocols used in that [Minnesota] hospital, but now he is recovering. He is getting better.... Now, we're not planning a funeral, we're planning for his release."

Watch the video clip below for more details.

If you'd like to help support the Quiner family, please consider making a donation to GiveSendGo.com/Anne.


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To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

The Great Reset is not just an elitist idea — it’s not even a socialist utopian concept. It’s a real-world fascist threat to every American from Wall Street to Main Street. It’s happening now in policies and cultural shifts big and small, obvious and subtle, from environmental promises to corporations going woke. But the mainstream media, global elites, and politicians brushed off the Great Reset as “nothing to see here.” Another myth they push: “The World Economic Forum is just a conference for elites who have no REAL power.”

Glenn Beck first exposed the Great Reset almost two years ago, and the globalist cries of "conspiracy theorist" soon followed. They said he believed the WEF was a “master cabal calling the shots from some evil underground lair.” But Glenn Beck never said that. Instead, he uncovered the true intentions of global leaders in finance and politics by simply highlighting their own words.

This week, the same global elites are doubling down on their agenda at the World Economic Forum’s Davos Agenda virtual event. But still, the global elites — like Twitter’s Jack Dorsey — are trying to downplay the WEF’s influence to stop people like us from interfering with their plans. The oligarchy will prosper in the new world order they’ve designed. You will not.

So Glenn unveils a master chalkboard based on his best-selling new book to outline the threats from globalists and why we must stop their agenda if we hope to keep the precious freedoms we still have.

Watch the full episode of "GlennTV' Below:

Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.