Backlash against Fed's $600 billion QE2 builds




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GLENN: But because of quantitative easing, and let me give you the warning

yesterday, from the Chinese, the unbridled printing of dollars is the biggest

risk to the global economy. This is according to an advisor of the Chinese

Central Bank. He said: Quote as long as the world issues no restraint in global

currencies such as the dollar and this is not easy, then the occurrence of the

crisis is inevitable as quite a few westerners lament." So what does that mean?

Most people don't understand when you read these headlines on the drudge report

today. Oil above 87 -- I'm sorry, oil at $87. Backlash builds against Feds

pumping. Dollar at risk of crashing, triggering inflation. Brazil ready to

retaliate for U.S. move in currency war. Chinese warns Fed move is a huge risk.

Germany concerned. Most people don't understand what any of that means. I'm

going to be cryptic here, because I cannot tell you the names of the people

involved, because I don't have the permission of all of the people involved to

tell you this story. But you know me. You know me well enough to know that I'm

not talking to -- I'm not talking to fringe players. I am talking to people --

when I have told you things about TARP, when I've told you things, it is because

I have enough contacts with people who are not peripheral players but players

that have been in these rooms as things have happened. Yesterday I had a

conversation with somebody. And I had a conversation with somebody who two weeks

ago wouldn't have believed me. And this is a -- help me out here, guys -- this

is an individual who.


STU: Very well connected.


GLENN: Very well connected.


PAT: Knows people in financial circles at upper levels.


GLENN: And has a history that you would know, that you would recognize. And is

in the know. Is in the game with the highest levels. She came to me and she said

to me yesterday that, after the TV show -- and I have been teasing this chart

that is being built for tonight's television show, that shows in 15 days, not

the next 15 days, in any given 15-day period.


PAT: After some major event.


GLENN: Major event, a 9/11 happens, a big event or China. And this is the event

we use. China just says we're not going to buy any more of America's debt. Now,

it could be -- the event could be the Congress and the republicans keep to their

promise and do not raise the debt ceiling. That's a big enough event to trigger

this. From the day that event happens, it will take about 13 days for the world

to change as you know it. And when I say that, I mean everything changes. Global

catastrophe. Global panic. What I told you three years ago, four years ago was

coming, three years ago when it started to happen and they were talking about

TARP, was that three years ago? I think it was. Wasn't it?


STU: Two, right?


GLENN: Two years? When that started to happen, I told you we're headed for a

mountain and we're going to crash into the mountain. You've got to prepare. What

they're trying to do with TARP was take us down into the trees. Well, they have

prepared. Again, the question is, have you? What happens? China says we're not

going to buy any more bonds. The world freaks. And in the few days, the Fed

comes in and they say: We're going to raise rates. We're going to raise the

yield on bonds. So you can make a lot of money. Everybody buy bonds. What

happens? Europe raises them faster than we do, because as soon as people lose

confidence in our bonds, the rest of the world says: Wait a minute, wait a

minute, buy us. So they start competing. Pour your money here. Everybody is

competing. Gold is competing. Food is competing. Everything is competing for all

these dollars that are now no longer going to go into bonds. And so the world

gets spooked. And it lasts about a week. Then things just start coming apart at

the seams. And Asia starts to crash. The Asian markets crash. The European

markets crash. The Dow crashes. I mean, we're talking about serious crashes.


PAT: And this person said that a week ago they wouldn't have believed any of

this scenario, right?


GLENN: Listen to my monologue. Listen to me explain it over the last couple of

days what quantitative easing means and what it means to your food prices, and

then laying out on the board, which I have in the last couple of days, what's

coming tonight, I'm going to show you this tonight, I'll show you this 15-day

scenario. She said she was in a room and she said there were three speakers

there. And these were -- how would you describe these three speakers?


PAT: Heavy weights. Financial heavy weights.


GLENN: Heavy weights. Governmental and outside financial heavy weights.


STU: Non-partisan. Not a partisan group.


GLENN: Yes, people who have been -- people who are viewed as keels, wouldn't you

say?


STU: If I knew what you meant by "keels," then yes.


GLENN: An even steady keel of a ship.


STU: Even keel?


GLENN: Yes.


STU: That's what that means. I just knew even keel meant even. I went with the

even part of keel.


GLENN: Something that keeps the ship upright. Somebody that's not one side or

the other. They're just right down the center.


PAT: Even keeled people.


STU: People paid a lot of money to make sure they're making measured decisions.


GLENN: Very measured. First one gets up and they're having this little breakfast

and the first one gets up and says, hey, I want to tell you what I think is

coming. She says -- we're all sitting around going: You gotta be kidding me. She

said the next person gets up and says -- it's actually a little worse than what

he said. She said -- she said now the real guy, who is like rock solid, nobody,

everybody in the room was expecting him to get up and say: These guys, I

disagree with. Instead he got up and he said: It may not happen that way, but

there's a good shot that this stuff happens. And people have to be prepared.


STU: You might expect me to disagree with these two.


GLENN: Yes. But I can't disagree with them. I think there's a chance that this

stuff happens. And people must be prepared.


PAT: And this guy said it wasn't inevitable, right? But there's a good shot.


GLENN: I'm not saying it's inevitable either. I'm just saying that these things

are growing, growing concerns. What people said about they would never -- they

testified a year ago that they would never buy their own debt and they testified

under oath. They're doing it in historic records.


PAT: Because these things are possible, this is why you're shining the light on

it, not to fear monger, but to get people -- I've always disagreed with the

world renowned FDR statement: We have nothing to fear but fear itself. What does

that even mean? We have nothing to fear but being unprepared. If you are

prepared, you need not fear anything, because you've got something -- you've got

a fall-back position.


GLENN: You don't have to worry about -- you don't have to worry about your

retirement if you prepared for your retirement.


PAT: Right. What's scary is retiring and you've got nothing. You're looking

around thinking I've got Social Security, 900 a month?


GLENN: If you've put nest eggs away and you're not in great debt, because you

prepared for the possibility of unemployment, you don't fear unemployment.


PAT: So how do you get prepared in something like this? You get food.


GLENN: You buy food.


PAT: If nothing happens, good.


GLENN: The thing we do know is coming is inflation on food. You'll have

deflation in some things and inflation wherever there's a hard commodity. Oil.

So that means your tires are going to be more expensive. That means anything

made with an oil-based product.


STU: Which is everything.


GLENN: Which is everything, that is going to be more expensive. Gold is going to

be more expensive. But wheat, flour, sugar. Sugar has gone up like 58 percent in

three months, did you know that.


STU: No. How much?


GLENN: Like 58 percent.


STU: Has it really?


GLENN: But the price of sugar hasn't. The commodity sugar has. So what's

happened here is what you're paying for on the shelf has not been passed on to

you yet. And all of these producers, they know -- they've been holding on and

they're like, okay, I can't -- I'm General Mills, I'm hoping this is going to

pass. We'll eat it for a while because, for instance, if we pass on this then

it's going to hurt the restaurants and everything else. And the restaurants are

going to -- they're going to have to pass it on to their customers. Everybody's

been holding on as much as they can because people start to hold onto their

money tighter and that makes things worse. General Mills just came out and said,

it's, what, a five percent increase in cereal. This is before the quantitative

easing. Five percent increase in cereal. Sugar is now going up I think 10, 12,

or 18 percent. All of these things are really starting to climb in price. The

best case scenario is it's going to be more expensive to buy food and gasoline

and oil-based products in the coming months. Tonight I will show you

catastrophic collapse and what it means. In 15 days from an event, a 9/11, let's

be crazy and let's say somebody sends packages with bombs all around the world

and planes fall out of the sky.


STU: That would never happen, come on.


GLENN: I know. A catastrophic event, and how it leads in 15 days to a new world

order. This woman said -- she came up to me yesterday and said: A week ago, a

week ago I wouldn't have believed you. But I sat in this meeting and these guys

said that's what's coming. They think it's a possibility that's really coming.

We all sat there with our mouths open. Now, no one will tell you these things

because they believe that, oh, well, it's crazy and the people are too stupid,

they'll panic. No you won't. You panic when you don't have information. You

panic when you can't see what's around the corner.


PAT: You panic when it's too late to do anything about it.


GLENN: Exactly right.


PAT: That's why this is so important.


GLENN: It's not too late to do anything. Because you -- and I've said this to

you now for a long time. You must be a leader. You must be a leader, because

there will be people that will pull us apart. We must stay together.

It's been a tough year, America. Our news media is inundating us with images of destruction, violence, and division in attempts not only to desecrate our nation, but to make us turn our backs on it. That's why now, more than ever, we need to take an up-close look at America's history to remember what it is we're fighting for and how to fight for it with practical action.

Join Glenn Beck, broadcasting from Standing Rock Ranch, as he takes us to Plymouth, Gettysburg, and Federal Hall on an important journey through America's remarkable history to inspire a brighter future. Glenn asks the hard questions of every American. Is this system worth saving? Is there a better way? Where do we go from here, and how do we answer those questions?

Featuring performances from the Millennial Choirs and Orchestras, David Osmond, a very special children's choir, and guests Bob Woodson, Tim Ballard, David Barton, Burgess Owens, Kathy Barnette, Anna Paulina Luna, and Tim Barton.

Watch the full special presentation 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.

"Restoring Hope" has been a labor of love for Glenn and his team and tonight is the night! "Restoring the Covenant" was supposed to take place in Boston, New York, Philadelphia, Gettysburg and Washington D.C. but thanks to COVID-19, that plan had to be scrapped. "Restoring Hope" is what was left after having to scrap nearly two years of planning. The Herald Journal in Idaho detailed what the event was supposed to be and what it turned into. Check out the article below to get all the details.

Glenn Beck discusses patriotic, religious program filmed at Idaho ranch

On July 2, commentator Glenn Beck and his partners will issue a challenge from Beck's corner of Franklin County to anyone who will listen: "Learn the truth, commit to the truth, then act on the truth."

Over the last few weeks, he has brought about 1,000 people to his ranch to record different portions of the program that accompanies the challenge. On June 19, about 400 members of the Millennial Choir and Orchestra met at West Side High School before boarding WSSD buses to travel to a still spring-green section of Beck's ranch to record their portion of the program.

Read the whole article HERE

The current riots and movement to erase America's history are exactly in line with the New York Times' "1619 Project," which argues that America was rotten at its beginning, and that slavery and systemic racism are the roots of everything from capitalism to our lack of universal health care.

On this week's Wednesday night special, Glenn Beck exposed the true intent of the "1619 Project" and its creator, who justifies remaking America into a Marxist society. This clever lie is disguised as history, and it has already infiltrated our schools.

"The '1619 Project' desperately wants to pass itself off as legitimate history, but it totally kneecaps itself by ignoring so much of the American story. There's no mention of any black Americans who succeeded in spite of slavery, due to the free market capitalist system. In the 1619 Project's effort to take down America, black success stories are not allowed. Because they don't fit with the narrative. The role of white Americans in abolishing slavery doesn't fit the narrative either," Glenn said.

"The agenda is not ultimately about history," he added. "It's just yet another vehicle in the fleet now driven by elites in America toward socialism."

Watch a preview of the full episode below:


Watch the full episode only on BlazeTV. Not a subscriber? Use promo code GLENN to get $10 off your BlazeTV subscription or start your 30-day free trial today.

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.

Acclaimed environmentalist and author of "Apocalypse Never" Michael Shellenberger joined Glenn Beck on the radio program Wednesday to warn us about the true goals and effects of climate alarmism: It's become a "secular religion" that lowers standards of living in developed countries, holds developing countries back, and has environmental progress "exactly wrong."

Michael is a Time "Hero of the Environment," Green Book Award winner, and the founder and president of Environmental Progress. He has been called a "environmental guru," "climate guru," "North America's leading public intellectual on clean energy," and "high priest" of the environmental humanist movement for his writings and TED talks, which have been viewed more than 5 million times. But when Michael penned a stunning article in Forbes saying, "On Behalf of Environmentalists, I Apologize for the Climate Scare", the article was pulled just a few hours later. (Read more here.)

On the show, Micheal talked about how environmental alarmism has overtaken scientific fact, leading to a number of unfortunate consequences. He said one of the problems is that rich nations are blocking poor nations from being able to industrialize. Instead, they are seeking to make poverty sustainable, rather than to make poverty history.

"As a cultural anthropologist, I've been traveling to poorer countries and interviewing small farmers for over 30 years. And, obviously there are a lot of causes why countries are poor, but there's no reason we should be helping them to stay poor," Michael said. "A few years ago, there was a movement to make poverty history ... [but] it got taken over by the climate alarmist movement, which has been focused on depriving poor countries, not just of fossil fuels they need to develop, but also the large hydroelectric dams."

He offered the example of the Congo, one of the poorest countries in the world. The Congo has been denied the resources needed to build large hydroelectric dams, which are absolutely essential to pull people out of poverty. And one of the main groups preventing poor countries from the gaining financing they need to to build dams is based in Berkeley, California — a city that gets its electricity from hydroelectric dams.

"It's just unconscionable ... there are major groups, including the Sierra Club, that support efforts to deprive poor countries of energy. And, honestly, they've taken over the World Bank [which] used to fund the basics of development: roads, electricity, sewage systems, flood control, dams," Micheal said.

"Environmentalism, apocalyptic environmentalism in particular, has become the dominant religion of supposedly secular people in the West. So, you know, it's people at the United Nations. It's people that are in very powerful positions who are trying to impose 'nature's order' on societies," he continued. "And, of course, the problem is that nobody can figure out what nature is, and what it's not. That's not a particular good basis for organizing your economy."

Watch the video below to catch more of the conversation:

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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.