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.

Apparel company The North Face recently stated that it would no longer make jackets for oil and gas companies because it doesn't want to be associated with the fossil fuel industry. In response, Colorado-based oil and gas company Liberty Oilfield Services rented full billboard ads to remind The North Face of the truth: "Globally, 60% of all clothing fibers are made out of oil and gas. For North Face, it is likely 90% or more."

Liberty CEO Chris Wright joined Glenn Beck on the radio program Tuesday to discuss just how much of our economy — beyond outdoor apparel and energy — wouldn't exist in a world without fossil fuels. And he warns that many companies are now deeming this truth to be "controversial."

"I have been for years, trying to get a real, honest dialogue about energy going," Chris told Glenn. "So we took this opportunity to point out that North Face jackets are ... almost completely made out of oil and gas. How can you choose not to associate with the essential material your equipment [is] made out of? So we put a billboard up ... the billboard says, 'That North Face puffer looks good on you. And it was made from fossil fuels.'"

"Most billboard companies did not want to run that billboard. They thought it was controversial," he added. "And Facebook put a hold on our brief video just saying the jacket looks good, this is what it's made out of. In today's world, that is controversial."

Watch the video below to catch more of the conversation:

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During a lecture at the Yale School of Medicine's Child Study Center, a New York City-based psychiatrist told students and faculty that she fantasizes about "unloading a revolver into the head of any white person that got in my way," among several other shockingly race-hating statements.

In April, Dr. Aruna Khilanani — a New York-based forensic psychiatrist and psychoanalyst — delivered the talk called "The Psychopathic Problem of the White Mind" virtually as part of the Yale School of Medicine's "Child Study Center Grand Rounds," a lecture program for "trainees in child psychiatry, psychology, and social work, faculty, clinicians, and scientists."

On the radio program Monday, Glenn Beck shared several quotes from an audio recording of the lecture provided by Bari Weiss, a former opinion writer and editor for the New York Times.

Here are a few of Khilanani's statements from the audio:

  • "This is the cost of talking to white people at all. The cost of your own life, as they suck you dry. There are no good apples out there. White people make my blood boil."
  • "I had fantasies of unloading a revolver into the head of any white person that got in my way, burying their body, and wiping my bloody hands as I walked away relatively guiltless with a bounce in my step. Like I did the world a f***ing favor."
  • "White people are out of their minds. And they have been for a long time."
  • "White people feel that we are bullying them when we bring up race. They feel that we should be thanking them for all that they have done for us. They are confused, and so are we. We keep forgetting that directly talking about race is a waste of our breath."
  • "We are asking a demented, violent predator who thinks that they are a saint or a superhero, to accept responsibility. It ain't gonna happen. They have five holes in their brain. It's like banging your head against a brick wall. It's just like sort of not a good idea."

"We must take a stand. We must speak out, because this is evil," Glenn said in response to Khilanani's shocking lecture. "I don't care who you voted for, you know this is evil."

Watch the video below for more details:

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The prices of our houses and food are already rising fast, but they will skyrocket to record highs if we don't fix the problem soon. So what's causing the inflation?

On the radio program this week, Glenn Beck said he doesn't believe it's the fault of our loggers, farmers, or truckers — many of them are really struggling. But the big corporations that control these industries are making record profits, all while the Biden administration is making some very odd decisions that could make the crises even worse.

Watch the video below for more details:

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The crisis at the border continues to worsen, with the U.S. Border Patrol recently releasing some shocking statistics that illuminate just how bad the situation has become. But Texas Governor Greg Abbott (R) is doing everything he can to prevent any additional unlawful crossings into the Lone Star State.

Abbott joined Glenn Beck on the radio program Wednesday to describe recent action he has taken to ensure that those who do cross into Texas illegally know they came to the "wrong state."

After noting that both President Joe Biden and Vice President Kamala Harris "have completely abandoned post as it concerns the Texas border," Abbott explained how "Texas is stepping up" to combat the flood of dangerous gangs and cartels, human traffickers and drugs he says are pouring into border communities.

"Beginning in March, I deployed a thousand Texas Department of Public Safety officers to the border. I deployed the National Guard to the border. And they made well over a thousand arrests of some of these criminals we talked about. They've apprehended more than 33,000 illegal immigrants coming across the border." Abbott said. "But because of the way the Biden administration has abandoned the border, we are now elevating our game. What I did yesterday, in response to more than a dozen counties along the border ... I granted their request for a disaster declaration," he added.

Abbott went on to describe how his disaster declaration gives Texas the authority to toughen penalties for lawbreakers, including criminal trespassing, smuggling, and human trafficking.

"We're going to begin arresting everybody coming across the border and charging them with criminal trespass and putting them in jail. They are coming in here, thinking they'll get the Biden free-ride, and go wherever they want to go. Not in the state of Texas. We'll start arresting them right and left, and putting them behind bars, and saying they came in to the wrong state."

Asked by Glenn if he is prepared for the inevitable "media onslaught", Abbott simply answered, "We're prepared to see a reduction in the number of people coming across the border — because Texas is enforcing the law, period."

Watch the video clip below for more:


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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.