Troubling Signs




Big Money with Steve Cordasco


WPHT - Philadelphia

GLENN: 888-727-BECK, 888-727-BECK. Friend of the program and host of Big Money, WPHT, Steve Cordasco. Steve, I want to talk to you about the bond market, what's happening here in the bond market today but please, you've got to -- we can't be CNBC because I don't even -- I mean, I barely understand the bond market as it is and most people just don't understand. So let's just talk about it as the indicator of what is really happening on Wall Street because the Dow is not telling us the truth.

CORDASCO: The Dow, Glenn, is not telling us the truth. A lot of the talking heads on some of the stations you mentioned again I don't think it right. What investors need to do and what smart investors do is they follow the money and to put it in simple terms, money is pouring into treasury bonds. Specifically if you look at the 30-year treasury bond, it has hit the lowest interest rate that we have seen in most of our life times.

GLENN: Okay, wait. Hang on just a second. Hold on, hold on, hold on. It's my understanding that this is the lowest since treasury bonds, 1976, this is the lowest they've ever been.

CORDASCO: Correct. Now, we're talking the interest rate, not the value of the bond. You've got to remember the value of the bond is going up because so many people are buying the bond, which is driving the interest rate down. To put it into perspective, right now the 30-year treasury bond will pay you 4.15%. Let that sink in. You're going to lock your money up for 30 years to get 4.15% per year.

GLENN: The only reason -- and every investor will always tell you, you want to make your money safe? The safest thing you can do is buy treasury bonds, and you don't usually buy treasury bonds because you're locking your money up for so long and the interest rate is not nearly that low but it is pretty low. But it is the safest thing you could do. So Steve, help draw the connection between -- I mean, like me, for instance, I thought about, you know, should I pay off my car or should I take that money and invest it some place? In the last few years you haven't paid off something because the interest rate has been so low, you could take that money and you could make 6%, 8%, 10% some place else and so you can actually make money instead of paying off that debt.

CORDASCO: Glenn, that's the theory. The problem is nobody -- it's not the reality. Nobody is doing that. Bottom line, we are a debted-up nation. This was talked about in 1992. This is a major, major setup for a catastrophe and what's happening in the market, the message being sent right now by what's happening in the bond market, what's happening in the stock market, we need to read the message. The message is this: Main Street, everyday households, our balance sheets are a disgrace. It's a catastrophe. There's too much debt. Corporate America's balance sheets are great. They've had cheat money. They've been able to expand and grow and do what they do. The bottom line, though, is the average everyday American citizen's Balance Sheet is in shambles because we're debted up as a nation and the Fed has to keep it going because we're consumers, buying stuff from overseas, getting other countries rich who are now buying Wall Street, Glenn. Citigroup and Merrill Lynch, our largest financial institutions being bought by communist countries and Middle Eastern governments.

GLENN: Okay. So what does the bond number tell you? With this kind of money pouring in to make it the lowest the treasury bond yield has ever been, what does that tell you is around the corner for America?

VOICE: People are running for cover. They are willing to buy treasuries at the lowest rates in history according to the modern recordkeeping system. It is telling you that what the Fed is doing and trying to do will not work. They are out of solutions and it's come time that we need to pay a price, and what the smart money is telling us, by sending this message, is that we better be on the lookout for another shoe to drop which, again, could send us into that deep recession that you've been talking about so well over the last couple of months.

GLENN: Steve, we're going to have you on TV tonight and we'll talk a little bit more about this and stay in touch, all right?

CORDASCO: Hey, Glenn, no problem. Whatever you need. Like they say in my world, stock markets for show and bonds are for dough and right now the bond market's sending a strong message to America.

GLENN: All right. Thanks a lot, Steve Cordasco. Remember, bonds are where you put your money if you want the safest shelter. I have not said that they were the safest shelter because I don't believe that the Federal government is in good enough shape over the long term. I don't know what it's going to look like in 30 years quite honestly but every person will tell you, oh, you think something really bad is coming? Buy treasury bonds. Buy bonds, treasury bonds, buy them. That's the safest place you can put your money. With the interest rate this low, you are asking for a lot of people to say, I don't think I can make more money than 4% interest coming. That's hard to believe. That is really, truly hard to believe that a lot of people will say, I don't think I -- I'm going to bet that I can't make more than 4% interest. That's staggering. We'll keep an eye on it so you don't have to.

On last week's Wednesday night special, Glenn Beck revealed where the Black Lives Matter organization really gets its funding, and the dark money trail leading to a cast of familiar characters. Shortly after the program aired, one of BLM's fiscal sponsors, Thousand Currents, took down its board of directors page, which featured one of these shady characters:

Ex-Marxist professor and author of "Beyond Woke," Michael Rectenwald, joined Glenn Beck on the TV show to fill us in on the suspicious change he discovered on the Thousand Currents webpage and the Communist terrorists who is now helping run the organization. (Fortunately, the internet is forever, so it is still possible to view the board of directors page by looking at a web archive from the WayBack Machine.)

Rectenwald revealed the shocking life history of Thousand Currents' vice chair of the board, Susan Rosenberg, who spent 16 years in federal prison for her part in a series of increasingly violent acts of terrorism, including bombing the U.S. Capitol building, bombing an FBI building, and targeting police for assassination.

"Their whole campaign was one of unbelievably vicious, murderous cop killings, assassinations, and bombings," explained Rectenwald of Rosenberg's terror group known as the May 19th Communist Organization or M19.

Watch the video below to catch more of the conversation:


Glenn's full investigation into the dark origins of the funding behind Black Lives Matter is available for BlazeTV subscribers. 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.

​Facebook BOYCOTT: Major corporations demand MORE social media censorship

Image source Omar Marques/SOPA Images/SOPA Images/LightRocket via Getty Images

A Facebook anti-hate campaign called "Stop Hate for Profit" is gaining momentum, leading large companies like Patagonia, North Face, REI, and Ben & Jerry's to pull advertising revenue if Facebook doesn't do more to "stop the spread of hateful lies and dangerous propaganda on its platform."

But, what is considered "hateful"? It's anything that goes against the mob, and they won't stop with Facebook. Any voices that speak out against the progressive narrative will soon be censored and silenced. The more this campaign grows, the more our freedom of speech diminishes.

Watch the video below to hear Glenn Beck break down the details:



Use promo code FIGHTTHEMOB to get $20 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 multiplatform network of voices who love America, defend the Constitution and live the American dream.

On his TV show Wednesday night, Glenn revealed where Black Lives Matter gets its considerable funding, and the dark money trail leading to a cast of familiar progressive characters.

Shortly after this program aired, one of the organizations, Thousand Currents, took down their board of directors page, which featured one of these characters.

Michael Rectenwald, a guest on Glenn's show, pointed out the suspicious change on Twitter.

Coincidence?

Fortunately, the internet is forever, so it is still possible to view the board of directors page by looking at a web archive from the WayBack Machine. Here's a screenshot:

Glenn's full investigation into the dark origins of the funding behind Black Lives Matter is available for BlazeTV subscribers. Not a subscriber? Use promo code FIGHTTHEMOB to get $20 off your BlazeTV subscription or start your 30-day free trial today.

Do you recognize your country anymore?

Me neither.

Not only is history being made, it's being rewritten and our history is being lost to Marxist revolutionaries as statues are toppled and Merriam-Webster changes our language. Does this passage from George Orwell's 1984 seem eerily similar to our day?:

"Every record has been destroyed or falsified, every book rewritten, every picture has been repainted, every statue and street building has been renamed, every date has been altered. And the process is continuing day by day and minute by minute. History has stopped. Nothing exists except an endless present in which the Party is always right." 1984, George Orwell

In the digital age, book burning is unnecessary. "Inappropriate" material just evaporates into the ether with a simple keystroke. The days I've been warning about for years are finally upon us and we need to be able to call on the wisdom of our Founding Fathers and other brilliant patriots and if you are relying on digital copies, you could find yourself out of luck.

Knowledge truly is power and we are now in the time where we need all the resources we can get, so I put together this list of the books you HAVE to have in your personal libraries. Along with these selections, I earnestly advise that you keep a journal. Your personal history is powerful and being able to preserve your thoughts and feelings for your posterity to learn from is an invaluable addition to any library.

I'd also suggest you look into Mercury One's "Leadership Training Program," the tools learned will be invaluable as you are able to inspect and learn from original sources as well as being taught by passionate historians. Stay tuned on this front, we have some exciting announcements coming soon.

You ARE the audience that will save the Republic and you have been prepared over the years for the role you need to play. I thank you from the bottom of my heart for being the people that Alexis de Tocqueville wrote about. America is good because it's people are good.

Keep up the good fight and God bless!

The 5000 Year Leap, by W. Cleon Skousen ​

The nation the Founders built is now in the throes of a political, economic, social, and spiritual crisis that has driven many to an almost frantic search for modern solutions. The truth is that the solutions have been available for a long time -- in the writings of our Founding Fathers -- carefully set forth in this timely book.

In The 5000 Year Leap: A Miracle That Changed the World, Discover the 28 Principles of Freedom our Founding Fathers said must be understood and perpetuated by every people who desire peace, prosperity, and freedom. Learn how adherence to these beliefs during the past 200 years has brought about more progress than was made in the previous 5000 years. These 28 Principles include The Genius of Natural Law, Virtuous and Moral Leaders, Equal Rights--Not Equal Things, and Avoiding the Burden of Debt.