Comrade Update: Nationalized Banks


Comrade Glenn checks in with the latest from the western front...

GLENN: Comrade!

STU: Yes, comrade.

GLENN: Great news from the Western front.

STU: It is great news today, comrade Glenn.

GLENN: We've eradicated first names, comrade.

STU: I know.

GLENN: We're all alike.

STU: We are.

GLENN: Great, great news.

STU: And we all live in concrete buildings with no architectural design.

GLENN: It's fantastic, but everybody has one.

STU: Everybody has one.

GLENN: Because we nationalized all the mortgages.

STU: Oh, comrade.

GLENN: It doesn't get any -- it just -- aye-yi-yi-yi. I want to -- I'll give you two examples. I want to show you this because this is why it's important for you to know what's happening with the economy for a couple of reasons. One, so you can prepare. Just know. Just don't do stupid stuff. Get out of debt, blah, blah, blah, blah, blah, and prepare. We can survive anything. I firmly believe it. We can survive anything. My concern is we cannot survive -- remember my whole theory is we have Seventies stagflation unless there's downward pressure, massive downward pressure on the table that is holding this little spiderweb of all this greed and debt and everything else, it's all interconnected, it will hold unless there's downward pressure. So what is that downward pressure? Well, I'm beginning to believe that downward pressure is going to come from the Government itself. The downward pressure.

For instance, may I give you -- read this to Stu yesterday and I have been saying this downward pressure thing and Stu's been a skeptic and blah, blah, blah, blah, blah, blah, blah. This goes into -- do you remember when I said to you, Stu, 18 months ago or a year ago about Carroll Quigley?

STU: Oh, yeah, you've been talking about him for a long time.

GLENN: And do you remember what the point was on Carroll Quigley on tragedy and hope?

STU: It was more of a war point in that the economies are so tied together, no one would want to attack each other anymore. That was the theory behind it anyway.

GLENN: Correct. Except it doesn't work if?

STU: If there are terrorist groups, there's no flag on the plane.

GLENN: If there he's no flag on the plane, then the whole thing that's set up from the beginning to not get us to go to war with each other falls apart. That's been a theory forever. Well, that is the table theory. Something, downward pressure to push all this stuff down. All these safety things, we'll survive anything unless there's this big downward pressure. At the time that I told you that it was possibly terrorists, look out; if they strike, this would be bad, shoot oil up, et cetera, et cetera, et cetera. I'm beginning to think it's not necessarily terrorists, and yesterday this op-ed was in. And it's a story against people like me that's a bear. "The bears stampede again. Notes on the latest crisis ever. And it talks about all these people including George Soros who say this is 1929 all over again in the past. And they have said, you know, this is the worst crisis ever, this is the worst crisis ever, this is the worst crisis ever, yada, Y da, yada and we always got through it.

Now, the end of the article says this may be the worst crisis ever because we haven't ever seen these conditions, but there's always periods of hope that are the psychological link that takes us away from fear and panic. Experience in theory show us quite clearly that profit-motivated individuals tend to keep capitalistic economies expanding.

I agree with that. Would you agree with that, Stu?

STU: Oh, absolutely.

GLENN: Fantastic. That's --

STU: It's the basis of anything smart in economics.

GLENN: That's why we will always survive. Everybody always says, CitiBank can't fail, it can't fail, it can't fail, how could it possibly, we can't afford it to fail.

Next line: Profit-motivated individuals tend to keep capitalist economies expanding, while nobody apart from unreformed Marxists or Al-Qaeda terrorists has comparable incentives to push the economy into a prolonged slump or collapse. Except for those two, except for Al-Qaeda terrorists and unreformed Marxists.

Comrade!

STU: Oh, comrade.

GLENN: Comrade, good news from the Western front a couple of weeks ago. Can you tell me what happened to that big bank in Great Britain?

STU: Oh, comrade, they nationalized it!

GLENN: They nationalized it. Comrade, can you tell me about the story that I gave you yesterday about how England was going to be the economic center, it was overtaking Wall Street and London was going to be the financial hub of the world?

STU: Yes, comrade.

GLENN: What happened?

STU: Well, they started putting in the policies that we designed, the motherland.

GLENN: Wait a minute. You also had the mayor of London who has jacked taxes through the roof.

STU: Those policies.

GLENN: By the way, what party is he? He's a socialist!

STU: What a shocker, comrade, one of our own.

GLENN: Great news. So now the people in London, all the big finance people are looking for a new home. They are running away from London. What a surprise, that wouldn't work.

Now, I told you when GM was negotiating, I said, I'll bet you that they're going to try to get the unions to take all of this pension money. The pensions, it will help GM but the unions won't be able to bear this on their back just like GM can't. Nobody can't. And they will try to shove it off to the state. Why is everybody in business so eager for universal healthcare? "Oh, let's get all this healthcare, let's save these pensions." They want it off their back. They're trying to create what they have in the Soviet Union and China, which is this weird nationalized capitalist, communist, weird system that the world has never seen before.

Today in The Wall Street Journal you have, seeing red, the largest unfunded liabilities in public pensions." These are pension funds, exactly what I was talking about. "California pension, $29.1 billion. Illinois teachers, $22 billion. California teachers, $19 billion. Ohio teachers, $14.5 billion. Texas teachers, $12.5. These are the largest unfunded liabilities in public pension plans. This should tell you two things. One: The teachers unions are out of control! But who needed me to say that.

The second thing is how do you fund these? The story goes on to say while all of these states are in trouble, look at New Jersey. "New York Times," by the way, would like you to learn a lesson from New Jersey and maybe raise taxes. All of these cities, all of these states, all of these unfunded promises that we have made, we just had the City of Vallejo, California go bankrupt. They can't afford the, what was it? Was it 10 firemen that they now pay $2 million a year to? 10 firemen? So they have to have a part-time firehouse because the unions went out of control and so now they can't afford any of their services. Well, when these things start to collapse and they start and they say, "We can't pay for it," somebody's going to have to pay for it. Who's going to pay for it? How is that going to happen? Who's going to be there at the end saying, we can't let people suffer."

Comrade!

STU: We're always in the right place at the right time, comrade.

GLENN: Right place at the right time. Boy, this is fantastic. Should we talk politics? Let's look at the people who are running. They've got their arms wide open.

STU: Comrade, they're there to save the people in the Western front.

GLENN: They cannot allow these banks to fail. They cannot allow these pensions to fail. They will not allow the hungry to go unfed or the nonhomeless to go homeless. They'll take care of it. They're there because they love you. And money? Heck, we can always print more.

Republican Rep. Dan Crenshaw of Texas joined Glenn Beck on the radio program Thursday to discuss the Left's current efforts to rid the U.S. military of "extremism," Democrats' push to separate President Joe Biden from the nuclear codes, and how conservatives can use government to battle the far-left, their policies, and their efforts to control Americans.

Crenshaw called the military's efforts to rid their ranks of extremism, "so obviously and clearly politically motivated," as the entire premise is based on reports that some active service members and veterans participated in the Jan. 6 storming of the U.S. Capitol.

"Mathematically, that's not a good indication of where active duty military stand or where veterans stand more broadly," Crenshaw said of the generalization that military personnel are extremists. "And I thought we were against that kind of profiling. Right? I thought that was against the liberal values that supposedly the Left stands for."

"But, Glenn, you know very well the Left is not liberal," he added. "The Left is very anti-liberal. And I think as conservatives, we have to say that more often. They have become genuinely authoritarian. Progressivism is not in sync with liberalism. All right? There's a big difference between an Alan Dershowitz liberal and a Democrat Party progressive. They're totally different."

Watch the video clip below to catch more of the conversation with Rep. Dan Crenshaw:

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Glenn Beck: THIS is why Biden nominated Merrick Garland as attorney general

Photo by Chip Somodevilla/Getty Images

Many will remember President Biden's attorney general nominee Merrick Garland as the man Republicans refused to hold a Supreme Court confirmation hearing for back in 2016. So, was Garland's AG nomination just meant to be a slap in the face to Republicans? Glenn Beck thinks there's a lot more to it.

Given how focused Democrats are on rooting out vaguely defined "right-wing extremism," Garland's work in supervising the prosecution of the 1995 Oklahoma City bombing suspects gives us a hint, Glenn suggested on radio this week. He said he's "all for" stopping dangerous extremists, but couldn't help noticing how Garland isn't talking about any of the destruction that happened over the summer.

"I am all for justice. I am all for making sure we catch the bad guys, as long as the bad guys are not defined to be on only one side," Glenn said. "Merrick Garland said [Monday] that there was no comparison between what happened on January 6th and what happened over the summer. That is because the Washington elites see themselves as better than somebody who owns a taco stand. I don't. The Constitution doesn't. They are the same crime."

Watch the video clip below to hear more from Glenn:

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"All rich countries should move to 100% synthetic beef. You can get used to the taste difference," said holy anointed billionaire Bill Gates. Green activism has been around for decades. But what used to be wacky has now worked its way into the world's power structure. You must believe the science. You cannot question the science.

The Texas power failure provided America with a disturbing and deadly preview of the Great Reset. But Bill Gates, AOC, and other Democrats say this only proves we need to enforce MORE green policies.

On his Wednesday night special this week, Glenn Beck reveals how deep the Great Reset tentacles reach into government and business to strangle freedom and their efforts to control every aspect of your private life.

Watch the full episode below:

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Why are we letting criminals out of prison while putting pastors in? Pastor James Coates of Canada's GraceLife Church was recently fined, arrested, and put in maximum security prison for violating lockdown rules.

Rebel News founder Ezra Levant joined Glenn Beck on "Glenn TV" to discuss the story. Ezra said he's noticed a trend of government officials "picking on" Christians as "lockdownism" becomes almost a new kind of religion, and warned this might be just the start of more persecution to come.

Watch the video below to catch more of the conversation:


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