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.

During his campaign, President Joe Biden survived scandal after scandal involving his son Hunter — the Ukraine/Burisma scandal, the laptop scandal, the one involving a stripper from Arkansas and a long-lost child. And yet, after it all appeared to have been swept under the rug, Hunter has now released a memoir — "Beautiful Things."

Filling in for Glenn Beck on the radio program this week, Pat Gray and Stu Burguiere discussed Hunter's "horrible" response when asked on "CBS This Morning" if the laptop seized by the FBI in 2019 belonged to him and reviewed a few segments from his new book, which they agreed raises the question: Is Hunter trying to sabotage his father's career?

Watch the video below for more:


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Countless corporations — from Delta Air Lines, Coca-Cola, and Porsche to UPS and LinkedIn — are calling out the Georgia voting laws, calling them "restrictive," "racist," and "discriminative." Meanwhile, words like "stakeholder" and "equitable" are starting to show up in their arguments.

On the radio program, Glenn Beck gave the "decoder ring" for what's really going on here, because our society is being completely redesigned in front of our eyes.

There's a reason why all these big businesses are speaking out now, and it has very little to do with genuine ideology, Glenn explained. It's all about ESG scores and forcing "compliance" through the monetization of social justice.

Glenn went on to detail exactly what ESG scores are, how they're calculated, and why these social credit scores explain the latest moves from "woke" companies.

Watch the video below to hear Glenn break it down:

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Dallas Jenkins is a storyteller — and he's telling the most important story of all time in a way that many believed was impossible.

Jenkins is the creator of "The Chosen," a free, crowdfunded series about the life of Jesus that rivals Hollywood productions. And Season 2 could not have arrived at a better time — on Easter weekend 2021. Church attendance has dropped, people are hungry for something bigger than all of us, and many are choosing social justice activism, political parties, or even the climate change movement as "religions" over God.

This Easter weekend, Jenkins joined Glenn on the "Glenn Beck Podcast" to discuss the aspects of Jesus that often get overlooked and break through the misconceptions about who Jesus really is to paint a clear picture of why America needs Emmanuel, "God with us," now more than ever.

Watch the full podcast below:

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Award-winning investigative journalist Lara Logan joined Glenn Beck on the radio program this week to argue the Biden administration's border crisis is "enabling" drug cartels, allowing them to exploit migrants, use border wall construction roads, and cross the border much more easily.

Lara, who has witnessed and experienced firsthand some of the worst violence around the world as a war correspondent for CBS News, told Glenn it's "not an overstatement" to call the cartels in Mexico "the most violent and powerful criminal organizations on the face of the earth." And while they're "at war with us, we've been asleep at the wheel."

But Lara also offers solutions that the U.S. can enact to stop these horrific atrocities.

"There's more than 30,000 Mexican civilians who are massacred every year in Mexico by the cartels. And that's just the bodies that the Mexican government owns up to or knows about, right?" Lara said. "There's Mexicans buried in unmarked mass graves all across the country. I mean, everyone knows that the violence of the cartels is not like anything anyone has ever seen before. It even pales in comparison to, at times, to what terrorist groups like ISIS have done."

Lara went on to explain some of the unspeakable acts of violence and murder that occur at the hands of the Mexican cartels — 98% of which go uninvestigated.

"That's not unprosecuted, Glenn. That's uninvestigated," Lara emphasized. "[Cartels] operate with impunity. So the law enforcement guy, the policemen, the marine, the National Guardsmen, who are trying to do the right thing, who are not in the pocket of the cartels — what chance do those guys have? They've got no chance. You know where they end up? In one of those unmarked graves."

Watch the video below to catch more of the conversation:

(Content Warning: Disturbing content)



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