Glenn Beck: Why Goldman Is Willing to Take the Heat




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Faith, hope and charity: We used to seek God's blessings on the country, we used to pursue maximum freedom to solve problems and we'd rely on one another in times of need.

Now we're being pushed towards what progressives have always found hope in: Dependency on regulations and administrations. Average Americans find that approach to be red tape. Our Founding Fathers found it to be slavery.

So it kind shocks me when there's no outcry to news stories like this one reported in the Financial Times over the weekend: The "U.S. is preparing to pivot from domestic regulatory reform to push for a tough new international capital regime."

Excuse me?

We're talking about the foundation of international financial regulations and global governing. It's a trial balloon being floated out there and I guess it was a success because the response was complete and total silence.

Is it just me who thinks this is a bad idea? Am I alone? I guess so, because even Republicans are OK with this one. How could that happen? Easy: It's those evil, greedy Sith lord Wall Street executives! Like the ones at Goldman Sachs, who are appearing before the almighty Senate Tuesday to get grilled by the Senate Permanent Subcommittee on Investigations (sounds scary) about their so-called attempts to manipulate and profit off the crash of the housing market.

They'll get chewed out and made an example of by people like Chris Dodd, who joined in the chorus of Goldman haters on "Meet the Press" on Sunday:

(BEGIN VIDEO CLIPS)

SEN. CHRIS DODD, D-CONN.: Here we are, 17 months after someone broke into our house in effect and robbed us... and we still haven't changed the locks on the doors.

LARRY SUMMERS, WHITE HOUSE ECONOMIC ADVISER: These off-balance sheet, nontransparent vehicles with what people call implicit guarantees, invite these kinds of problems.

SEN. RICHARD SHELBY, R-ALA.: We have to end once and for all the casino atmosphere on Wall Street, where they're gambling, basically, on synthetic ideas and so forth — with somebody else's money.

(END VIDEO CLIPS)

You're right, Chris: You have to change those locks. But the other thing to make sure of is that the people you are calling to change the locks aren't the same ones who were involved with the robbery in the first place.

Yes, Dodd and his buddies will chew out Goldman, but if they are the root of all evil, why do these people all still work in the administration?

William C. Dudley, president of the Federal Reserve Bank of New York; was a partner and managing director at Goldman

Gary Gensler, chairman of the Commodity Futures Trading Commission; spent 18 years at Goldman

Mark Patterson, chief of staff to Tim Geithner; former Goldman lobbyist

Philip Murphy; nominated for ambassador to Germany; former Goldman executive

Diana Farrell; deputy director of the National Economic Council; formerly with Goldman

Emil Michael; White House fellow; former investment banker with Goldman

There's just a few. And if Goldman really are the bad guys, we have bigger problems than just regulation, because we have to talk about global warming as well.

I got a tip from a watchdog — and by the way, if you are new to the program and don't know what a watchdog is, that's you. We've got millions of watchdogs e-mailing in tips and stories big and small and we welcome every single one of them. We get to as many as we can and even report on some of them, like this one about the Chicago Climate Exchange.

In case you didn't know the Chicago Climate Exchange existed — it does and it started trading in 2003. It's billed as: "North America's only cap-and-trade system for all six greenhouse gases, with global affiliates and projects worldwide." Members agree to a voluntary but legally binding agreement to "meet annual Green House Gas emission reduction targets."

What's cap-and-trade? A scheme designed to transfer wealth from the companies that have to the companies that have not through the regulation of invisible gases. Remember, it was ENRON who lobbied heavily for this type of system, because they knew how to swindle a profit out of it.

Environmentalists like Obama want this system because it will make prices skyrocket and people will be forced to use less energy. But I don't want to put words in his mouth, I'll let him say it:

(BEGIN VIDEO CLIP)

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

(END VIDEO CLIP)

Got it? So the main beneficiaries will be big corporations and proponents of the redistribution of wealth. You are the loser here because you pay more for energy. But you can feel good because you saved the planet.

Uh-huh.

Not to mention, other places — like Europe — who have tried to implement green initiatives (like Spain) and then base markets on it are suffering the consequences. Because, as Time unwittingly described the creation of Chicago Climate Exchange, it "creates something out of nothing." There is no value behind the market; it's like Pets.com except now its solar panels.

So who would want to create something like this?

In 2000 and 2001, Chicago Climate Exchange received start-up grants from the Joyce Foundation. The Joyce Foundation is like the George Soros' TIDES Foundation. In fact, it's actually bigger than TIDES and even funds TIDES. Think of it as a place where uber-rich and powerful liberals like to dump their money into, so the cash can be spread around to their pet projects without a direct link.

The Joyce Foundation supports such luminaries as John Ayers (William Ayers' brother).

There was one influential member on the board of the Joyce Foundation at the time the Chicago Climate Exchange got its seed money; someone instrumental in steering the funds towards the creation of the Chicago Climate Exchange. They were on the board from 1994-2002. The founder of the Chicago Climate Exchange, Richard Sandor, said that he "knew (this person) well," which is perhaps how the money was awarded to the Kellogg Graduate School of Management, where Sandor was a research professor. I'll get back to that person in a minute.

Sandor saw big things in a climate exchange market. How big?

(BEGIN VIDEO CLIP)

BLOOMBERG REPORTER: So how big do you think this market could be?

RICHARD SANDOR, CHICAGO CLIMATE EXCHANGE: I think it's a $10 trillion a year market.

REPORTER: Say that again?

SANDOR: $10 trillion a year.

(END VIDEO CLIP)

A $10 trillion a year market? That's a lot to go around. In comparison, the value of U.S. company shares on major U.S. and foreign stock exchanges equities market was $15 trillion in 2009. There's a lot of money riding on this climate legislation. But remember: It's all about saving the Earth.

London-based Generation Investment Management sees the earning potential as well. That's why they purchased a stake in Chicago Climate Exchange and are the fifth largest shareholder. The cofounder of the London-based firm? Former Vice President Al Gore. I say cofounder because some of the other founders include David Blood (former Goldman executive), Mark Ferguson (Goldman) and Peter Harris (Goldman).

In 2006, the Chicago Climate Exchange got a nice boost of confidence when an investor stepped to the plate and ponied up to purchase 10 percent of the combined company. Cofounder of the Chicago Exchange said the investment was big and welcome news. The investor? Goldman Sachs.

Oh and I almost forgot: The person at the beginning of it all? The one on the board of the Joyce Foundation that secured the initial funding for this project? Barack Obama.

This is so weird. It's almost like those our government says are responsible for the financial collapse are the ones directly involved in the "solutions." So much for "changing the locks," Chris.

OK, now let's look at this. What you have is a structure. This is the building: the Exchange. You've got the structure, all the players.

So what are we missing? Well, we're missing the bill and the technology to make it happen; the machinery to make it happen.

You are trading air; it's hard to keep track of air. The good news is, the bill is being worked on by Republicans and Democrats. That's cap-and-trade.

The machinery, the device? A patent for such a device was worked on by CO2e.com CEO Carlton Bartels. Shortly after he filed for the patent on his system to trade residential carbon credits, he was killed in the 9/11 attacks. Bartels wife then shopped the idea around and was able to find a buyer. The buyer ended up being a guy who wasn't really a good guy, he committed massive accounting fraud and manipulated earnings in his company in order to make huge bonuses.

That person was Franklin Raines, who just happened to be the CEO of Fannie Mae at the time. The patent was eventually approved by the U.S. Patent and Trade Office on Nov. 7, 2006 — coincidentally the day after Democrats took control of Congress. Thanks to Barbara Hollingsworth of the Washington Examiner for pointing this out to us.

So now, Fannie Mae, who is congressionally mandated to "make housing more affordable," is poised to reap billions on a system that has nothing to do with housing except for that it would make housing costs go up.

That's great.

Remember when Fannie purchased risky mortgages from banks, bundled them together and sold to investors as mortgage-backed securities? And then the housing market was absolutely destroyed? Well, former Fannie VP Scott Lesmes was responsible for that bundling.

Well, here's the good news: Not only will this new carbon trading "system" try the exact same bundling method (except with air); they are using the exact same guy: Scott Lesmes.

But, please, don't worry. The only ones involved in this are the corrupt Franklin Raines, Mr. redistribution of wealth Barack Obama, and all the people who the House and Senate are currently saying are the bad guys. Other than that, this should work out great.

It's almost like Goldman is willing to take a little heat now, in order to get a little piece of the $10 trillion green pie later. I challenge the media: Will anyone pick this story up? Will anyone question this and the timing of it all?

All of a sudden illegal immigration has leap-frogged global warming? Is it because Goldman has to take hits to get the global government structure done? And then they get the payoff? Or will you continue to say oh, he's crazy and not talk about the facts.

— Watch "Glenn Beck" weekdays at 5 p.m. ET on Fox News Channel

There is an economic collapse of third-world proportions on America's horizon. Nancy Pelosi and Joe Biden hinted at it in statements last week: "Capitalism … has not been serving our economy as well as it should" and "We're about to … literally change the trajectory of our nation for years and possibly decades to come."

The changes the Democratic Party already has in the works are clearly destructive. You have felt it over the last year and a half, in a small supply chain inconvenience here, an incremental price rise there. You've sensed that something is very wrong. It's rumblings of the Great Reset.

Tonight on "Glenn TV," Glenn Beck heads to the chalkboard to break down how America's traditional economic strengths are being severely undermined and, in many ways, systematically torn down by the Biden administration and Democrats in Congress.

This is not "building back better"; this is a managed decline to bring America down to the rest of the world's standard of living. Glenn challenges: Don't let them convince you these are just first world problems. That's the point. America IS a wealthy nation, but we are heading quickly into a second- and third-world collapse. Glenn provides solutions for the managed decline and how you can prepare for the reset that is already in motion.

Watch the full episode below:

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On the radio program Tuesday, Glenn Beck broke down today's inflation, explaining what it is and giving proof that those at the top — politicians and world elite — continue to take advantage of our declining economy to advance their own agenda. He also revealed how a recent decision by Citibank and powerful investment management company, BlackRock, not only puts the U.S. further behind but also allows for China to gain worldwide control.

Watch the video clip below to hear Glenn break it all down:


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For the first time in the history of "The Glenn Beck Program," former President Donald Trump joined Glenn to give his take on America's direction under President Joe Biden compared to his own administration. He explained why Biden's horrific Afghanistan withdrawal was "not even a little bit" like his plan, and why he thinks it was "the most embarrassing event in the history of our country."

Plus, the former president gave his opinion on China's potential takeover of Bagram Air Base, the Pakistani Prime Minister, and Gen. Mark A. Milley, chairman of the Joint Chiefs of Staff.

Glenn asked President Trump how similar the Biden administration's withdrawal from Afghanistan was to his administration's plan.

"Not even a little bit," Trump answered. "We had a great plan, but it was a very tenuous plan. It was based on many conditions. For instance, you can't kill American soldiers. ... You have to understand, I did want to get out. But I wanted to get out with dignity, and I wanted to take our equipment out. And I didn't want soldiers killed. ... What [Biden] did was just indefensible. He took the military out first and he left all the people. And then we became beggars to get the people out. I had a plan to get them out very quickly. But first, the Americans would go out."

Trump told Glenn that his plan included maintaining Bagram Air Base and explained why he would not have left "a single nail" behind in Afghanistan for the Taliban to seize.

"We were going to keep Bagram open," he explained. "We were never going to close that because, frankly, Bagram is more about China than it is about Afghanistan. It was practically on the other border of China. And now we've lost that. And you know who is taking it over? China is taking it over. We spend $10 billion to build that base. It's got the longest, most powerful runways in the world. And China has now got its representatives there and it looks like they'll take it over. Glenn, it's not believable what's happened. You know, they have Apache helicopters. These are really expensive weapons, and they have 28 of them. And they're brand-new. The latest model."

Glenn mentioned recent reports that Gen. Milley, America's top military officer, made "secret phone calls" to his counterpart in China while President Trump was in office.

"I learned early on that he was a dope," Trump said of Gen. Milley. "He made a statement to me — and I guarantee that's what happened to Biden — because I said, 'We're getting out of Afghanistan. We have to do it.' And I said, 'I want every nail. I want every screw. I want every bolt. I want every plane. I want every tank. I want it all out, down to the nails, screws, bolts ... I want every single thing. And he said, 'Sir, it's cheaper to leave it than it is to bring it.'

"The airplane might have cost $40 million, $50 million ... millions and millions of dollars. So, you think it's cheaper to leave it than to have 200 pilots fly over and fly all the equipment out? ... I said, you've got to be nuts. I mean, give me a tank of gas and a pilot and I just picked up a $40 million-dollar airplane. It was amazing. So, I learned early that this guy is a dope. But what he did, is he hurt our country ... and he shouldn't have been allowed to do it. And bad things should happen to him."

Watch the video clip below to catch more of the conversation or find the full interview on BlazeTV:


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In a shocking but underreported conversation ahead of the G7 Speakers' meeting in London last week, Democratic House Speaker Nancy Pelosi admitted that the administration knows China is committing "genocide" against the Uyghurs in the Xinjiang region, but thinks working with the regime on climate change is more important.

On the radio program, an outraged Glenn Beck dissected Pelosi's speech and broke down how — along with the Biden administration's abandonment of Americans in Afghanistan, and the Democrat decision to follow measures of medical "equity" — the far left is revealing how little they really care about human life.

Glenn played a video clip of Pelosi making the following statement:

We've always felt connected to China, but with their military aggression in the South China Sea, with their continuation of genocide with the Uyghurs in Xinjiang province there, with their violation of the cultural, linguistic, religious priority of Tibet, with their suppression of democracy in Hong Kong and other parts of China, as well – they're just getting worse in terms of suppression, and freedom of speech. So, human rights, security, economically [sic].

Having said all of that ... we have to work together on climate. Climate is an overriding issue and China is the leading emitter in the world, the U.S. too and developed world too, but we must work together.

"We have Nancy Pelosi admitting the United States of America knows that they're not only committing [genocide], they're continuing to commit it. Which means, we've known for a while," Glenn noted. "And what does she say? She goes on to say, yes, they're committing genocide against the Uyghurs, but having said that, I'm quoting, 'the overriding issue,' is working together on climate change.

"Would we have worked with Hitler on climate change? Would we have worked with Hitler on developing the bomb? Would we have worked with Hitler on developing the Autobahn? Would we have worked with Hitler on his socialized medicine? Would we have worked with Hitler on any of his national, socialist ideas?" he asked.

"The answer is no. No. When you're committing genocide, no! She said 'we have to work together on climate,' because climate is the 'overriding issue.' The overriding issue? There is no way to describe this mindset. That, yes, they are killing an entire group of people because of their ethnicity or religion. They are systematically rounding them up, using them for slave labor, and killing them, using their organs and selling them on the open market. They are nothing more than cattle. For us to recognize it and do nothing about it is bad enough. But to say, 'we recognize it, but we have bigger things to talk to them about,' is a horror show."

Glenn went on to urge Americans to "stand up together in love, peace, and harmony," or risk watching our nation become the worst plague on human life yet.

Watch the video clip below to hear more from Glenn:


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