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.

On Monday's episode of "The Glenn Beck Radio Program," Glenn opened up about the tragic death of his brother-in-law, Vincent Colonna Jr., who passed away unexpectedly on April 5. He also shared some of the important thoughts and insights he's learned through the grieving process.

"Last Monday, I was sitting in this chair ... the two-minute warning comes and Stu said to me, 'You ready for the show?'' ... And that's when my wife [Tania] came to the door of the studio here at our house and said, 'I...' and she held the phone up. And then she collapsed on the floor in tears," Glenn began. "Tania's brother had passed. To say this was a shock, is an understatement."

Glenn described his brother-in-law as having "a servant's spirit."

"He was always the guy who lit up the room. He was always the guy helping others. He would never stop, because he was always helping others," Glenn said of Vincent. "He was on the school board. He was a little league coach. He was the soccer coach. He helped build the church. He took care of the lawn of the church. He was constantly doing things, raising money for charity, working over here, helping to organize this. But he was never the guy in the spotlight. He was just the guy doing it, and you had no idea how much he had done because he never talked about it.

"We also didn't know how much mental anguish he was in because he never talked about it. And last Monday morning, after spending Easter with the family ... he killed himself. This is now the third family member of mine that has gone through this. And I keep seeing it play out over and over and over again, in exactly the same way."

Glenn described his thoughts as he, Tania, and her family struggled to come to grips with the devastating loss.

"I learned some really important things as I was watching this wake. I'm seeing these people from all walks of life ... the people that were there, were there because [Vince] made a difference in their life. He was a true servant. As I'm watching this, all that kept going through my mind was, 'by their fruits, ye shall know them.' The fruits of his labor were on display. He was a servant all the time. All the time ... he found a way to love everybody.

"There are two great commandments: Love God with all your heart and mind and soul. And love your neighbor. So those two great commandments boil down to: Love truth. Because that's what God is," Glenn said.

"Love thy neighbor. That's where joy comes from. The opposite of joy is despair, and that is the complete absence of hope ... and how do you find joy? You find joy by rooting yourself in the truth. Even if that's a truth you don't want to accept. Accept the truth," he added. "But we have to stop saying that there's nothing we can do. What are we going to do? Well, here's the first thing: stop living a lie."

Watch the video clip below to hear more from Glenn:


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After imprisoning a pastor for refusing to follow COVID-19 restrictions, Canadian officials barricaded his church. And when some church members retaliated by tearing down part of the fence, Canadian Mounties arrived in riot gear.

Rebel News Founder Ezra Levant joined Glenn Beck on the radio program to give his insight on the crazy situation. He described the new, armed police presence surrounding GraceLife Church in Edmonton, Alberta, and how it not only encouraged hundreds of protesters to stand with the church in support but forced congregation members underground to worship as well.

What's happening is eerily similar to what occurs everyday in China, Levant says, and it must stop. Who would have thought this type of tyranny would be so close to home?

Watch the video below to hear Ezra describe the religious persecution taking place in Canada.


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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.

Enough prayers? Why is supposed Catholic Joe Biden suggesting that Congress ought to stop praying for after someone commits acts of gun violence?

On Friday, Stu Burguiere and Pat Gray filled in for Glenn and discussed President Joe Biden's remarks during his speech on gun control. "Enough prayers. Time for some action," Biden said. Stu and Pat were surprised how dismissive Biden appeared to be on the idea of prayer.

Watch the clip to hear more. Can't watch? Download the podcast here.

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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.

Just days after Canadian pastor James Coates was released from prison for refusing to bow to COVID-19 lockdown restrictions, several police officers showed up at another church to ensure restrictions were being followed. But Polish pastor Artur Pawlowski of the Cave of Adullam Church in Alberta, Canada, knew his rights, telling the cops not to come back until they had a warrant in hand.

Filling in for Glenn Beck on the radio program this week, Pat Gray and Stu Burguiere played a video of the interaction.

"Please get out. Please get out of this property immediately. Get out!" Pawlowski can be heard yelling at the six officers who entered his church.

"Out! Out! Out! Get out of this property immediately until you come back with a warrant," he continued. "Go out and don't come back. I don't want to talk to you. You Nazis, Gestapo is not allowed here! ... Nazis are not welcome here! Do not come back you Nazi psychopaths. Unbelievable sick, evil people. Intimidating people in a church during the Passover! You Gestapo, Nazi, communist fascists! Don't you dare come back here!"

Watch this clip to see the heated exchange:

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.