Glenn Beck: Krugman half right?



Arguing with Idiots: How to Stop Small Minds and Big Government


by Glenn Beck

GLENN: Here's what's coming in our economic news according to Paul Krugman. The next employment report could show the economy adding jobs for the first time in two years. The next GDP report is likely to show solid growth in late 2009. There will be a lot of bullish commentary and the calls we're already hearing for an end to stimulus for reversing the steps of the government and the Federal Reserve and the steps that they took to prop up the economy will grow even louder. But if these calls are heeded, it will be repeating the great mistake of 1937 when the Fed and Roosevelt administration decided the Great Depression was over and that it was time for the economy to throw away its crutches. Spending was cut back. Monetary policy was tightened and the economy promptly plunged back into the depths. This shouldn't be happening. Both Bernanke, the Fed chairman and Christina Romer heads President Obama's Council of Economic Advisors are scholars of the Great Depression. They have warned explicitly against reenacting the events of 1937. You will read the economic news. It will be important to remember first of all the blips, occasional good numbers, signify nothing. The economy, the fact of the economy is we're mired in a prolonged slump. Early 2002, for example, initial reports showed the economy growing to a 5.8% annual rate, yada, yada, yada, goes on. All right, listen. Paul Krugman is half right. Paul Krugman is telling you that we're not out of the woods by any stretch of the imagination. We're not. What Paul Krugman, however, forgets is the great mistake of '37 led to the great mistake of '39 where they didn't listen to the well, it's either the chief economic no, I think he was the head of the treasury and FDR's best friend and a huge, huge fan of the new deal. By 139 he saw that the New Deal didn't work and he saw that the rest of the world had already come out of it. Remember the Great Depression as it's called here in America was only the depression in the rest of the world. We made it a Great Depression because we didn't let things fail and we didn't let things reset. The rest of the world let it all reset. So that's why it's the Great Depression in our history books but if you go over to Europe, it is only called the depression. By the end of 1939 the guy who helped design the New Deal said in his testimony in congress, we see now that none of this works. We've tried valiantly, we've done it over and over again but now it's turned into insanity because it doesn't work, we have to reverse course. What Paul Krugman and nobody else will tell you and I will in the next two days on radio and television is it is imperative that we reset the system because it's coming one way or another. If you use any kind of common sense, you'll know that the reason why we've had so many problems and the problems seem to get bigger and bigger is because we're erasing natural bubbles.

Kondratieff was a guy who was the economic advisor for Stalin. There's something called the Kondratieff Wave in economics and basically it is that, you know, there are seasons to everything. There is the winter season that we're in now and it seems like it will never end. And then you hear green shoots. You've heard those phrases before, green shoots. That comes from the Kondratieff Wave. The advisor of Stalin. Economy said there would be green shoots and that would show that spring would come. And in spring you would think that we were new and we were refreshed and we were revived, and the economy would start to boom again and people would say, oh, my gosh, I've got another idea. And then summer would set in. And summer would go on for a very long time where it would be just good times and people would begin to think that it would never end. But then autumn, and autumn would set in and you would start to see the season change and you would notice that the leaves are starting to turn and you would think, my gosh, the plants are starting to die and the trees are starting to lose their leaves. If you don't understand the cycle, you would do everything you could to bring those plants into a greenhouse. But those plants will go to sleep anyway, and the more you try to stimulate the growth in those trees, the better chance you have of killing the forest. The leaves all fall down and then you hit winter. And in that winter, that is a season of renewal. When Stalin said to Kondratieff, "Which is the better system, capitalism or communism," Kondratieff said, well, let me look at it. And he came back to him with the Kondratieff Wave and said, you know what, capitalism is because capitalism, they allow things to fail. And when they fail, they go into a season of renewal and then the green shoots start again. Where communism, we can't allow it to fail. We'll continue to prop up the old outdated systems, we'll continue to prop up the bad decisions of others because we can't allow it to fail. So in the end capitalism will win because it will reset itself and it will be a short period of time. It will only last a season. And then there will be three seasons of growth. Stalin thanked him for his analysis and then executed him. We see that Kondratieff was right. We use his language of the green shoots. But yet we don't listen to him. That 1937 feeling that's coming over Paul Krugman doesn't take into account the Kondratieff Wave. And these bubbles have gotten bigger and bigger. We started with the dot com bubble, the pets.com bubble when everybody was like, yeah, I've got to buy that. Pets.com, $300 a share? That makes sense. I don't even know what they sell. I don't know anybody that but it's pets.com. People love pets, people have computers. What a surprise, they failed. And they should have failed. But the government immediately ran in and tried to make the booboo go away. The Fed rushed in and tried to make things better and then we had the September 11th event, and the Fed tried to make the booboo go away and they rushed in. And each time they rush in, they lower interest rates and they make money, spending, debt, more affordable. Then we had the housing bubble, and you see how each one of these is getting bigger. The housing bubble still has remnants of the dot com bubble and 9/11. And we've just compounded it and taken those three now events and made them into one giant event. And now what we're doing, there was a story in the New York Times on Sunday. Do they even read their own paper? There was a story in the New York Times on Sunday that the bailing out of people's personal mortgages, going in and trying to save the homeowner on the front page of the New York Times is actually making things worse! Because instead of losing their homes, they get this blanket, they get this bailout and what they do is they get the bailout, they spend that money and they continue to pay for a house they cannot afford. And so eight months later they are even more destitute and the taxpayer is out of the money. And nothing's been solved. If you want to see green shoots, the kind of green shoots that grow into a tall, strong forest, you must allow winter to happen. These people who believe that we must stop all forest fires haven't worked a day with their hands in the soil. Forest fires, naturally occurring fires replenish the soil and make the forest stronger. And the longer you prevent any kind of fire, controlled burn to actually happen, the more chance you have of the entire forest burning down and that's what we've done. He says we can't stop spending. I believe the American people have told the truth of the situation and how if we don't stop spending soon, a forest fire beyond your wildest imagination will burn the country to the ground and there won't be anything left. If we don't allow the system to reset now, economics like physics laws of nature, you cannot change them. If it doesn't reset now, it will only like a snowball gather more mass and it will slam at the bottom of the hill at some point. It will do more damage. It will be harder to clean up. Congratulations, New York Times and Paul Krugman for being half right. I haven't seen the New York Times being half right in quite some time. That may be an all time record for them.


 

GLENN: Here's what's coming in our economic news according to Paul Krugman. The next employment report could show the economy adding jobs for the first time in two years. The next GDP report is likely to show solid growth in late 2009. There will be a lot of bullish commentary and the calls we're already hearing for an end to stimulus for reversing the steps of the government and the Federal Reserve and the steps that they took to prop up the economy will grow even louder. But if these calls are heeded, it will be repeating the great mistake of 1937 when the Fed and Roosevelt administration decided the Great Depression was over and that it was time for the economy to throw away its crutches. Spending was cut back. Monetary policy was tightened and the economy promptly plunged back into the depths. This shouldn't be happening. Both Bernanke, the Fed chairman and Christina Romer heads President Obama's Council of Economic Advisors are scholars of the Great Depression. They have warned explicitly against reenacting the events of 1937. You will read the economic news. It will be important to remember first of all the blips, occasional good numbers, signify nothing. The economy, the fact of the economy is we're mired in a prolonged slump. Early 2002, for example, initial reports showed the economy growing to a 5.8% annual rate, yada, yada, yada, goes on. All right, listen. Paul Krugman is half right. Paul Krugman is telling you that we're not out of the woods by any stretch of the imagination. We're not. What Paul Krugman, however, forgets is the great mistake of '37 led to the great mistake of '39 where they didn't listen to the well, it's either the chief economic no, I think he was the head of the treasury and FDR's best friend and a huge, huge fan of the new deal. By 139 he saw that the New Deal didn't work and he saw that the rest of the world had already come out of it. Remember the Great Depression as it's called here in America was only the depression in the rest of the world. We made it a Great Depression because we didn't let things fail and we didn't let things reset. The rest of the world let it all reset. So that's why it's the Great Depression in our history books but if you go over to Europe, it is only called the depression. By the end of 1939 the guy who helped design the New Deal said in his testimony in congress, we see now that none of this works. We've tried valiantly, we've done it over and over again but now it's turned into insanity because it doesn't work, we have to reverse course. What Paul Krugman and nobody else will tell you and I will in the next two days on radio and television is it is imperative that we reset the system because it's coming one way or another. If you use any kind of common sense, you'll know that the reason why we've had so many problems and the problems seem to get bigger and bigger is because we're erasing natural bubbles.

Kondratieff was a guy who was the economic advisor for Stalin. There's something called the Kondratieff Wave in economics and basically it is that, you know, there are seasons to everything. There is the winter season that we're in now and it seems like it will never end. And then you hear green shoots. You've heard those phrases before, green shoots. That comes from the Kondratieff Wave. The advisor of Stalin. Economy said there would be green shoots and that would show that spring would come. And in spring you would think that we were new and we were refreshed and we were revived, and the economy would start to boom again and people would say, oh, my gosh, I've got another idea. And then summer would set in. And summer would go on for a very long time where it would be just good times and people would begin to think that it would never end. But then autumn, and autumn would set in and you would start to see the season change and you would notice that the leaves are starting to turn and you would think, my gosh, the plants are starting to die and the trees are starting to lose their leaves. If you don't understand the cycle, you would do everything you could to bring those plants into a greenhouse. But those plants will go to sleep anyway, and the more you try to stimulate the growth in those trees, the better chance you have of killing the forest. The leaves all fall down and then you hit winter. And in that winter, that is a season of renewal. When Stalin said to Kondratieff, "Which is the better system, capitalism or communism," Kondratieff said, well, let me look at it. And he came back to him with the Kondratieff Wave and said, you know what, capitalism is because capitalism, they allow things to fail. And when they fail, they go into a season of renewal and then the green shoots start again. Where communism, we can't allow it to fail. We'll continue to prop up the old outdated systems, we'll continue to prop up the bad decisions of others because we can't allow it to fail. So in the end capitalism will win because it will reset itself and it will be a short period of time. It will only last a season. And then there will be three seasons of growth. Stalin thanked him for his analysis and then executed him. We see that Kondratieff was right. We use his language of the green shoots. But yet we don't listen to him. That 1937 feeling that's coming over Paul Krugman doesn't take into account the Kondratieff Wave. And these bubbles have gotten bigger and bigger. We started with the dot com bubble, the pets.com bubble when everybody was like, yeah, I've got to buy that. Pets.com, $300 a share? That makes sense. I don't even know what they sell. I don't know anybody that but it's pets.com. People love pets, people have computers. What a surprise, they failed. And they should have failed. But the government immediately ran in and tried to make the booboo go away. The Fed rushed in and tried to make things better and then we had the September 11th event, and the Fed tried to make the booboo go away and they rushed in. And each time they rush in, they lower interest rates and they make money, spending, debt, more affordable. Then we had the housing bubble, and you see how each one of these is getting bigger. The housing bubble still has remnants of the dot com bubble and 9/11. And we've just compounded it and taken those three now events and made them into one giant event. And now what we're doing, there was a story in the New York Times on Sunday. Do they even read their own paper? There was a story in the New York Times on Sunday that the bailing out of people's personal mortgages, going in and trying to save the homeowner on the front page of the New York Times is actually making things worse! Because instead of losing their homes, they get this blanket, they get this bailout and what they do is they get the bailout, they spend that money and they continue to pay for a house they cannot afford. And so eight months later they are even more destitute and the taxpayer is out of the money. And nothing's been solved. If you want to see green shoots, the kind of green shoots that grow into a tall, strong forest, you must allow winter to happen. These people who believe that we must stop all forest fires haven't worked a day with their hands in the soil. Forest fires, naturally occurring fires replenish the soil and make the forest stronger. And the longer you prevent any kind of fire, controlled burn to actually happen, the more chance you have of the entire forest burning down and that's what we've done. He says we can't stop spending. I believe the American people have told the truth of the situation and how if we don't stop spending soon, a forest fire beyond your wildest imagination will burn the country to the ground and there won't be anything left. If we don't allow the system to reset now, economics like physics laws of nature, you cannot change them. If it doesn't reset now, it will only like a snowball gather more mass and it will slam at the bottom of the hill at some point. It will do more damage. It will be harder to clean up. Congratulations, New York Times and Paul Krugman for being half right. I haven't seen the New York Times being half right in quite some time. That may be an all time record for them.

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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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.

Kim Iversen, journalist, YouTuber, and host of "The Kim Iversen Show," reacted to Glenn Beck's appearance last week on "Tucker Carlson Tonight" by conceding that, while the subject of Beck's new book, "The Great Reset: Joe Biden and the Rise of Twenty-First-Century Fascism" might at first sound "a little bit loony," closer analysis confirms "this isn't such a crazy conspiracy theory after all."

"Glenn Beck was on Tucker Carlson's show last week touting what has been called a right-wing conspiracy theory and discussing his new book, 'The Great Reset: Joe Biden and the Rise of Twenty-First-Century Fascism'," began Iverson on The Hill's "Rising."

"Well, maybe that all sounds a little bit loony — and believe me, I do think Glenn Beck tends to be a loon," she quipped. "But, maybe this isn't such a crazy conspiracy theory after all. And after seeing everything we've seen with the governments enacting all sorts of authoritarian controls and many other conspiracy theories coming true, maybe there's something to be concerned about. So, what is the Great Reset? The name even sounds conspiratorial, but believe it or not, it's a real thing."

Iverson went on to explain exactly who is behind the Great Reset, what their agenda entails, how they are using the COVID-19 pandemic to "to rebuild society in a way the global elites see best fit."

"You'll own nothing and you will be happy: That's what they're saying," Iverson explained. "And with inflation sky high and no signs of it slowing down, they might be right. We are on our way to becoming a nation of renters, but don't worry it's nothing to fear ... don't worry, everything is being done under the premise that this is all ... being done for our own good, the benefit of a collective society, and we will be happy," she added sarcastically.

Iverson concluded by asking, "Who thinks it's a good idea that a bunch of corporate millionaire and billionaires and world leaders are getting together and coming up with what's best for we the little people? I mean, who thinks that that's a really good idea? And who thinks that they are going to be doing it for our benefit? But, of course they're going to frame it like 'Oh, this is good for you. You're going to rent. You'll own nothing and you'll be happy. Don't worry about it' ... When you look at the actual list of partners with the World Economic Forum, they control everything. They control media. They control health. They control business. They control everything, and so then it does become, how do we people fight against that?"

Watch the video clip below to hear Kim Iverson break it down and don' t miss tonight's special episode of "GlennTV" at 9:30ET on BlazeTV’s YouTube channel.

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President Joe Biden just had the worst-rated week in the entire first year of his presidency, but his latest poll numbers are the icing on the cake, Bill O'Reilly told Glenn Beck on the radio program.

Given that polls aren’t always correct, O’Reilly explained another way to prove that Biden's first year may be worse than any other president's before him: It’s impossible to name one single contribution Biden has made to move America forward.

"Biden: There isn't anything you can point to. Not one thing ... that he's done to improve the nation. That's the test. You just step back, take emotion out of it, politics out of it, and say, give me one thing that Joe Biden has done to improve the country. Just one. And you can't do it," O'Reilly said. "And if there is, I want your listeners to contact me at BillO'Reilly.com."

Watch the video clip below to catch more of the conversation:


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