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.

Most self-proclaimed Marxists know very little about Marxism. Some of them have all the buzzwords memorized. They talk about the exploits of labor. They talk about the slavery of capitalist society and the alienation caused by capital. They talk about the evils of power and domination.

But they don't actually believe what they say. Or else they wouldn't be such violent hypocrites. And we're not being dramatic when we say "violent."

For them, Marxism is a political tool that they use to degrade and annoy their political enemies.

They don't actually care about the working class.

Another important thing to remember about Marxists is that they talk about how they want to defend the working class, but they don't actually understand the working class. They definitely don't realize that the working class is composed mostly of so many of the people they hate. Because, here's the thing, they don't actually care about the working class. Or the middle class. They wouldn't have the slightest clue how to actually work, not the way we do. For them, work involves ranting about how work and labor are evil.

Ironically, if their communist utopia actually arrived, they would be the first ones against the wall. Because they have nothing to offer except dissent. They have no practical use and no real connection to reality.

Again ironically, they are the ultimate proof of the success of capitalism. The fact that they can freely call for its demise, in tweets that they send from their capitalistic iPhones, is proof that capitalism affords them tremendous luxuries.

Their specialty is complaining. They are fanatics of a religion that is endlessly cynical.

They sneer at Christianity for promising Heaven in exchange for good deeds on earth — which is a terrible description of Christianity, but it's what they actually believe — and at the same time they criticize Christianity for promising a utopia, they give their unconditional devotion to a religion that promises a utopia.

They are fanatics of a religion that is endlessly cynical.

They think capitalism has turned us into machines. Which is a bad interpretation of Marx's concept of the General Intellect, the idea that humans are the ones who create machines, so humans, not God, are the creators.

They think that the only way to achieve the perfect society is by radically changing and even destroying the current society. It's what they mean when they say things about the "status quo" and "hegemony" and the "established order." They believe that the system is broken and the way to fix it is to destroy, destroy, destroy.

Critical race theory actually takes it a step farther. It tells us that the racist system can never be changed. That racism is the original sin that white people can never overcome. Of course, critical race theorists suggest "alternative institutions," but these "alternative institutions" are basically the same as the ones we have now, only less effective and actually racist.

Marx's violent revolution never happened. Or at least it never succeeded. Marx's followers have had to take a different approach. And now, we are living through the Revolution of Constant Whining.

This post is part of a series on critical race theory. Read the full series here.

Americans are losing faith in our justice system and the idea that legal consequences are applied equally — even to powerful elites in office.

Rep. Devin Nunes (R-CA) joined Glenn Beck on the radio program to detail what he believes will come next with the Durham investigation, which hopefully will provide answers to the Obama FBI's alleged attempts to sabotage former President Donald Trump and his campaign years ago.

Rep. Nunes and Glenn assert that we know Trump did NOT collude with Russia, and that several members of the FBI possibly committed huge abuses of power. So, when will we see justice?

Watch the video clip below:


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The corporate media is doing everything it can to protect Dr. Anthony Fauci after Sen. Rand Paul (R-Ky.) roasted him for allegedly lying to Congress about funding gain-of-function research in Wuhan, China.

During an extremely heated exchange at a Senate hearing on Tuesday, Sen. Paul challenged Dr. Fauci — who, as the director of the National Institute of Allergies and Infectious Diseases, oversees research programs at the National Institute of Health — on whether the NIH funded dangerous gain-of-function research at the Wuhan Institute of Virology.

Dr. Fauci denied the claims, but as Sen. Paul knows, there are documents that prove Dr. Fauci's NIH was funding gain-of-function research in the Wuhan biolab before COVID-19 broke out in China.

On "The Glenn Beck Program," Glenn and Producer Stu Burguiere presented the proof, because Dr. Fauci's shifting defenses don't change the truth.

Watch the video clip below:

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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.

Critical race theory: A special brand of evil

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Part of what makes it hard for us to challenge the left is that their beliefs are complicated. We don't mean complicated in a positive way. They aren't complicated the way love is complicated. They're complicated because there's no good explanation for them, no basis in reality.

The left cannot pull their heads out of the clouds. They are stuck on romantic ideas, abstract ideas, universal ideas. They talk in theories. They see the world through ideologies. They cannot divorce themselves from their own academic fixations. And — contrary to what they believe and how they act — it's not because leftists are smarter than the rest of us. And studies have repeatedly shown that leftists are the least happy people in the country. Marx was no different. The Communist Manifesto talks about how the rise of cities "rescued a considerable part of the population from the idiocy of rural life."

Studies have repeatedly shown that leftists are the least happy people in the country.

Instead of admitting that they're pathological hypocrites, they tell us that we're dumb and tell us to educate ourselves. Okay, so we educate ourselves; we return with a coherent argument. Then they say, "Well, you can't actually understand what you just said unless you understand the work of this other obscure Marxist writer. So educate yourselves more."

It's basically the "No True Scotsman" fallacy, the idea that when you point out a flaw in someone's argument, they say, "Well, that's a bad example."

After a while, it becomes obvious that there is no final destination for their bread-crumb trail. Everything they say is based on something that somebody else said, which is based on something somebody else said.

Take critical race theory. We're sure you've noticed by now that it is not evidence-based — at all. It is not, as academics say, a quantitative method. It doesn't use objective facts and data to arrive at conclusions. Probably because most of those conclusions don't have any basis in reality.

Critical race theory is based on feelings. These feelings are based on theories that are also based on feelings.

We wanted to trace the history of critical race theory back to the point where its special brand of evil began. What allowed it to become the toxic, racist monster that it is today?

Later, we'll tell you about some of the snobs who created critical theory, which laid the groundwork for CRT. But if you follow the bread-crumb trail from their ideas, you wind up with Marxism.

For years, the staff has devoted a lot of time to researching Marxism. We have read a lot of Marx and Marxist writing. It's part of our promise to you to be as informed as possible, so that you know where to go for answers; so that you know what to say when your back is up against the wall. What happens when we take the bread-crumb trail back farther, past Marxism? What is it based on?

This is the point where Marxism became Marxism and not just extra-angry socialism.

It's actually based on the work of one of the most important philosophers in human history, a 19th-century German philosopher named Georg Wilhelm Friedrich Hegel.

This is the point where Marxism became Marxism and not just extra-angry socialism. And, as you'll see in just a bit, if we look at Hegel's actual ideas, it's obvious that Marx completely misrepresented them in order to confirm his own fantasies.

So, in a way, that's where the bread-crumb trail ends: With Marx's misrepresentation of an incredibly important, incredibly useful philosophy, a philosophy that's actually pretty conservative.

This post is part of a series on critical race theory. Read the full series here.