Are we facing something worse than the Great Depression?



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GLENN: I want to talk to you a little bit about the economy here and I know that the vast majority of my audience is pissed at me every time I talk about the economy. They're pissed at me because you don't want somebody talking down the economy. You believe that the economy is doing fine, that, you know, this is a liberal thing that, you know, the liberals are using to get Hillary Clinton or whatever elected. I am telling you my only intention is to, A, tell you the truth as I understand it; B, tell you the truth that no one else will, that others are telling me in positions of great and substantial power, what they will not tell you because they cannot tell you, they will not tell you because then they'll be on record talking down the economy. Then their family in the fire because what will happen to them, their company, their bank, their institution, their government position will be on record saying the economy is going down and then it will spiral out. And so all of these people talk to me off the air and soy, keep going, brother, you are the only one telling the truth. But none of them will say it on the air and so that allows me to look like a complete and total idiot for months and months and months. And that's fine. And I have told you before I might be wrong. I could very well be wrong, and I am totally willing to be wrong. If you are just listening to the show for possibly the first time, I've a talk show host who is not going to tell you that I have power on loan from God. I don't have. Really I need both halves of my brain, not one half tied behind my back. And I'm lucky to have any kind of talent on loan from Lindsay Lohan, let alone God. I'm bluffing on a lot of things. Way do is I read a lot, I listen a lot, I talk to people a lot and I happen to see things pieced together and I have a pretty good record of piecing things together, I think. And I hope I'm wrong on the economy. I really do.

But let me just give you some of the stories out of the paper yesterday. First of all, I told you this back in August. We have a serious, significant problem with our banking structure right now. This is before anybody else was talking about it. We have significant problems. And what's happening is these banks are having to either write off a whole bunch of loans or they're trying to protect their assets and cover all of their assets because they are not sure what's going to go wrong and that's going to lead to a slowdown of lending money. You think that you can go and get a loan that -- you know, if you're in business that you've always gotten. It's easy to get that loan. Well, now you watch. There's going to be problems with paperwork, there's going to be problems with all kinds of things getting that money to turn around quickly. And if you are a small business person, you may have already experienced it to where you went to the bank and you could always get this loan and it's a revolving door and it just happens quickly. Has anybody experienced problems getting that? Of course not connected at all to this global banking issue. This is just, "I'm sorry, we're having paperwork or we're having this problem or this problem, we're going to take a few more weeks on this one, this time." Because things are changing.

Well, I told you that what was going to happen, the worst thing that could happen is the Government could get involved and the Government could try to bail these banks and these lending institutions out, they could try to bail people out or were going to start to foreclose on their house. That's exactly what is happening now. The Government, Republicans and the Democrats, are talking about some sort of bailout for these companies. They are also talking about some sort of stimulus package. The Fed is now starting to say they are going to dramatically reduce rates, another thing that would be the worst that could possibly happen because as the Fed does that, people become irresponsible. Instead of letting it correct itself -- let me put it this way: Why do we have a housing bubble? We have a housing bubble because what we tried to do is have the Fed stimulate the economy because of the tech bubble. Everybody got into the tech bubble. That started to collapse. So the Fed said let's lower rates, let's make money more available. What happened? People borrowed money, they bought too much house that they couldn't afford, it caused this giant housing bubble to correct the last bubble. So now how can we lower rates, what can we all buy this time to correct the housing bubble, which was a correction of the tech bubble. We're running out of things we can buy. And when we run out of things we can buy, when we run out of the things that we can take a giant loan out and buy something that we don't need and shouldn't buy and can't afford, when we run out of those things, then the thing collapses. And it's twice as bad when it collapses this time than it would have been if we would have allowed it to collapse for the tech bubble. But it's got a big smiley face on it. "Let's help poor people out. Let's help poor people out. Let's help poor people out and let's help these financial institutions out." Let's help these financial institutions out? I don't think so. In 1913 when they gave us the Fed, they promised we would never have these problems. These giant global banking institutions said, "We'll take care of it. You'll never, ever have a Depression." Well, now you've got leading economists just beginning to come out and tell you the truth what wicked, something wicked this way comes, what wicked that is coming our way could be at least the 1970s stagflation where your interest rate is 20%, at least stagflation of the 1970s and could be worse than the Great Depression.

Political commentator Bill O'Reilly joined the Glenn Beck radio program on Friday made an important prediction about President Joe Biden's chance of reelection in 2024.

O'Reilly told Glenn that former President Donald Trump was brought down because of COVID. "if COVID had not appeared, O'Reilly stated, "he [Trump] would have won reelection."

O'Reilly went on to predict that like Trump, President Joe Biden would lose reelection because of COVID. People saw a president who could not put out an intelligent fact-based message about COVID and people will remember that," he explained.

O'Reilly later added that "Trump and Biden are one-termers because of COVID."

Watch the video below to catch more of the conversation:

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Critical race theory: Marxism is a religion

Uttam Sheth/Flickr

Marx didn't actually tell his followers that the system needed to be destroyed. And it's not what Marx actually believed. Very few Marxists actually understand what Marx laid out.

Marxism isn't a list of demands and instructions. It's Marx's attempt to tell the future. Some of it he got right, most he got wrong. For example, he predicted the rise of automation.

Believe it or not, Marx was not an anti-capitalist. If anything, he revered it.

In a letter to Engels, he complained that too many people misunderstood his message, that his plan is to merge with capitalism. To make it new. He wanted to reify his brand of socialism, reify is a Marxist term, actually. It basically means to make an abstract idea concrete.

Marx didn't hate capitalism. He actually thought it was necessary. And he knew communism would never happen without the aid of capitalism.

Marx didn't hate capitalism. He actually thought it was necessary.

From there, he takes these ideas to some weird conclusions. Horrible conclusions. The main one being revolution.

What does the first phase of the Marxist revolution look like? How will we know if it has started? How can we tell if it's already begun? Marx's idea of the "dictatorship of the proletariat," where the working class would rise up in revolution and earn their freedom.

But what did Marx mean by freedom? Like so much of Marxism, it involves giving up your individuality, in service to the collective: "Only in community with others does each individual have the means of cultivating his gifts in all directions; only in the community, therefore, is personal freedom possible."

That's from his book The German Ideology, which he co-wrote with Friedrich Engels, the guy who paid all of his bills: "Free competition, which is based on the idea of individual freedom, simply amounts to the relation of capital to itself as another capital."

His idea here is that capital ruins any idea of freedom or individuality. And competition is what he uses as proof. In other words, Marx's definition of freedom has nothing to do with actual freedom, freedom as we know it.

He wrote, in Capital: "It is not individuals who are set free by free competition; it is, rather, capital which is set free."

He's saying that Capital manipulates our individual freedom and forces us to exploit ourselves. For someone who didn't believe in God, he sure had some fanciful ideas about the forces that control the universe.

For someone who didn't believe in God, he sure had some fanciful ideas about the forces that control the universe.

Marxists have always argued that capitalism is a religion. That our debt to capital is no different than our debt to God. Critical Theorist Walter Benjamin wrote an entire book called Capitalism as Religion, and wrote that capitalism is "the first case of a cult that creates guilt, not atonement."

There were many strains of socialism before Marx. There were entire movements, named after socialist and anarchist philosophers. But Marx was the one who figured it out, with the help of a rotating cast of people paying for his sloth, of course.

Marx's influence on socialism was so profound that socialism was practically re-named in honor of Marx. Marx has been deified.

He created a utopian society. Very hypothetical. It requires a working class that is devoted to daily readings of The Communist Manifesto.

This assumes that people who work all day — at a real job, where they can't just sit on the couch all day as Marx did — even have the energy to read dense theory when they get home.

Marx made a religion.

This post is part of a series on critical race theory. Read the full series here.

The Capitol riot was foolish and tragic, but Pelosi's Select Committee "investigation" on the January 6 "insurrection" has devolved into a show trial complete with bad tears and bad acting. But this is just a charade designed to distract us.

What's going on behind closed doors is truly nefarious. The Biden White House and the U.S. national security apparatus are seizing that event to redefine domestic terrorism and expand the powers of government to prevent it. There is an alarming blueprint for sweeping government action called the "National Strategy for Countering Domestic Terrorism," put together by the National Security Council.

On his Wednesday night special this week, Glenn Beck exposes the collusion between the Biden administration and Big Tech to surveil, root out, and silence America's deplorables – all in the name of national security.

Watch the full "Glenn TV" episode below:

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Terry Trobiani owns Gianelli's Drive Thru in Prairie Grove, Illinois, where he put up a row of American flags for the Fourth of July. But the city claimed he was displaying two of them improperly and issued him a $100 ticket for each flag.

Terry joined Glenn Beck on the radio program Tuesday to explain what he believes really happened. He told Glenn that, according to city ordinance, the American flag is considered "ornamental" and should therefore have been permitted on a federal holiday. But the city has now classified the flag as a "sign."

"Apparently, the village of Prairie Grove has classified the American flag as a sign and they've taken away the symbol of the American flag," Terry said. "So, as a sign, it falls under their temporary sign ordinance, which prohibits any flying, or any positioning of signs on your property — and now this includes the American flag. [...] The only way I could fly the American flag on my property is if I put it on a permanent 20 to 30-foot flagpole, which they have to permit."

Terry went on to explain how the city is now demanding an apology for his actions, and all after more than a year of small-business crushing COVID restrictions and government mandates.

"COVID was tough," Terry stated. "You know, we're in the restaurant business. COVID was tough on us. We succeeded. We made it through. We cut a lot of things, but we never cut an employee. We paid all our employees. I didn't take a paycheck for a year just to keep our employees on, because it was that important to me to keep things going. And, you know, you fight for a year, and you beat a pandemic, and then you have this little municipality with five trustees and a president, who just have no respect for small businesses. And right now, what I see is they have no respect for the republic and the United States ... I think it's terrible. The direction that government, at all levels, have taken us to this point, it's despicable."

Watch the video below to catch more of the conversation:


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