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Bernanke said what?

March 04, 2008
 Radio Clips

The Glenn Beck Program

GLENN: There you go. By the way, Ben Bernanke gave a speech today I think in Florida, if I'm not mistaken. He gave a speech today. Listen to this. If this doesn't -- and Stu, I want you to listen to this. Tell me what this says to you. This is the head of the Fed.

STU: Yes, sir.

GLENN: Now remember, you're like, we're not in a recession.

STU: No, we're not. No, we're not technically.

GLENN: I mean, you might believe we're going that way but we're not.

STU: What does (mumbling) We're not. There's no disagreeing with that. It hasn't happened yet. It may be happening but it hasn't occurred.

GLENN: Let's just say when the job numbers come out, what is it, next week or a couple of weeks, when the job numbers come out and we see the job numbers, I think the next job numbers or the ones after it we can officially call this a recession. Let's just say we're in a recession.

STU: Is that how it's measured? A recession is not measured by job numbers.

GLENN: Well, that is part of it.

STU: I mean, it's certainly part --

GLENN: Because there's no growth.

STU: Well, and that's an indicator but that's not --

GLENN: Okay.

STU: I'm just trying to make sure you're factual here.

GLENN: Yeah, yeah, whatever.

STU: Just trying to help.

GLENN: Let me ask you this because you're like, oh, Mr. Doomsday man. Tell me how else you would interpret what Ben Bernanke said today. Ben Bernanke said, I believe -- try this on for size -- I believe that banks should consider just rewriting the mortgages that are sketchy, that people are having trouble with, rewriting them to a lower amount. So in other words, if you took out a $400,000 mortgage, it's now, the bank is just going to call you up and go, you know what, you're having a hard time; you only owe is $200,000.

STU: Not a lower interest rate.

GLENN: Not a lower interest rate. Not even what Clinton says, you know, I'm going to freeze interest rates, I'm going to freeze everything, I'm going to make you only -- I'm going to let you only pay the interest for an extended period of time. None of that. This is, I believe the banks should consider lowering the amount of loan that they have to pay back.

STU: Not even, not enforcing them to do it. Like one of the Democrats' proposals was forcing them to have a judge to be able to write down. Not even that.

GLENN: Ben Bernanke's saying the banks should really consider that.

STU: I'm sure they have considered it and then they took three seconds and then they moved on to something else.

GLENN: So let me ask you. The chairman of the Fed says that but also says, you know, looks like we might be headed for a recession but, you know, I don't know, I don't know. He's at the same time saying maybe the banks should just cut everybody's loans. What? That's insane!

STU: Sounds like a terrible idea. I mean, to me --

GLENN: Does that also sound like maybe some people think it might be a little worse than what everybody is saying? It's not like, boy, it's been a really bad Tuesday. You know, it's like having a slow day in your bakery. I grew up in a bakery and it would be like my dad saying, boy, it's been an awfully slow Tuesday; we should sell our car. I'm like, what?

STU: It does -- I mean, clearly they are talking about obvious problems, particularly in housing and in relationship to the banks. I think there's just some validity to the idea that banks, it would be in their best interest to not let everyone default. And that's part of it. It's like if you are going to have all these people default, it's in their best interest to -- not the Government telling them to do it but they themselves saying I'd rather not just write all this down.

GLENN: Correct.

STU: I'd rather get some of this money.

GLENN: Now, let me ask you this question. How does --

STU: I'm loving, I'm loving the condescension here. It's outside of the glass.

GLENN: No, no, no.

STU: It's a little bit different, a little different word kind of but it's coming out fantastically so far.

GLENN: Not to you, it's really not. It's really not. I'm just trying to understand, I'm trying -- Stu, we had this conversation last night on, I can't understand how people think any of this stuff is logical. I can't understand. So let me ask you this question, and I'm looking for an honest answer. If somebody can answer this, this is great.

STU: Sure.

GLENN: How does anybody think that saying the banks should take a $400,000 mortgage and just say, you know what, let's call it $200,000. That $200,000 has got to come from some place and that some place is somebody that invested that money. So it's not just the bank. It's the person that was investing in the bank, shareholders and everybody else. Who thinks it's logical that money's just not going to completely dry up when people are like, wait a minute, you just cut what you owed me in half, you just cut my -- you just cut my profits in half. It doesn't just affect the bank. There's little old me, too.

VACATION or INTERNMENT? What's really going on in Australia’s COVID camps?

The government of the Northern Territory of Australia is now running "mandatory supervised" COVID-19 quarantine facilities, and there are a lot of conflicting reports going around about what's really happening in these "camps." Are they internment camps, summer vacation spots, or something in between?

On "The Glenn Beck Program" Monday, Glenn and Producer Stu Burguiere discussed the case of 26-year-old Australian resident Hayley Hodgson, who detailed her experience at the Center of National Resilience in Howard Springs during a recent interview with UnHerd. They compared Hodgson's description of the Howard Springs facility to images of bikini-clad Australians in quarantine who appear to be on holiday at the same facility.

So, what's really going on with Australia's COVID quarantine facilities? Watch the video clip below to hear Glenn and Stu break down what we know so far:

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.

Glenn Beck: Here's how YOU can fix the Great Reset's housing crisis

Photo by H. Armstrong Roberts/Retrofile/Getty Images

How's the housing market looking these days? Because under Build Back Better (aka the Great Reset), investors are grabbing up homes at a record pace.

On "The Glenn Beck Radio Program," Glenn discussed a recent Redfin News report, which shows that almost one in five homes sold in the U.S. during the third quarter of 2021 was purchased by an investment firm, and many are paying tens of thousands of dollars over the asking price.

"Think of that, one in every five homes that are sold are going to a big investment firm," Glenn said. "Investors bought more than 90,000 homes, totaling more than $63 billion, representing 18% of all homes sold in the quarter. The numbers broke all records."

"The same factors have pushed more Americans to rent, which also creates opportunities for investors, because investors typically turn the homes they purchase into rentals," he continued. "And now they can charge higher rents. Rent for single-family homes surged by more than 10% in the 12 months, through September. The fastest annual rent inflation in 16 years."

"And nearly 77% purchased were bought in an all-cash transaction," Glenn added. "That's not your average person. These investment firms, like BlackRock, are going in and buying entire neighborhoods. They are the people that come in, and say, 'I'll give you $70,000 over the asking price.' ... Now, why would investment firms think they will just be able to make money paying $70,000 over the asking price? What is it that they know, that you don't know? Could they know, as the Great Reset states, that by 2030, you will own nothing and you'll like it?"

Watch the video clip below to hear Glenn offer his thoughts on how you can solve the Great Reset's housing crisis:


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.

WATCH: From Russia to Waukesha: The Lying Media's Assault on Truth

On "Glenn TV" Wednesday, Glenn Beck exposes the radical plan to flip the United States from capitalism to socialism and into a lawless nation. It's an old strategy that mirrors a communist Cold War playbook. The goal now, as it was then, is this: How do they get a revolution without all that civil war stuff? It’s a five-step plan, and we're deep into several of the main steps RIGHT NOW.

Our justice system has been infiltrated by woke leftists, and something called "the progressive prosecutor movement" is methodically transforming Main Street USA into Main Street Gotham City. We can see it all over the country in places like San Francisco, with the Waukesha massacre as a terrifying glimpse into more of what's coming. And the media? They're currently running interference in one of the largest misinformation operations in history.

It’s happening at the city, state, AND federal levels. And President Trump might be one of the biggest victims of them all, a fact that even Trump critic Joe Rogan has realized on the Russia collusion hoax: “No one is being held accountable!” That ends now, as Glenn calls on Americans to push back on the lies that keep us divided in a cold civil war.

Watch the full episode below:

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.

'This WILL bring darkness': Glenn Beck warns 'new global religion' being formed right NOW

A "one-world government" is being formed right now and it’s called the Great Reset, Glenn Beck said on the radio program Monday. And now, rebuild plans for the fire-damaged Notre Dame Cathedral hint at the formation of a global church, too.

In this clip, Glenn detailed plans for the iconic, 850-year-old church’s "woke" renovations that sound more like a 'politically correct Disneyland' complete with a "discovery trail," "emotional spaces," and 14 themed chapels.

"Notre Dame is now being built back better as a 'woke theme park' dedicated to environmentalism and social justice," Glenn explained.

"There will be several different chapels within, [for example] a chapel for social justice, and then chapel for environmental justice," he continued. "Which leads me to this point. The 'one-world government' is being formed, right now. One-world government. It is being formed and it's called The Great Reset."

Glenn went on to predict that one of the first steps in the direction of a one-world government will be a push for a global religion.

"I think we're seeing the first church now being dedicated to the new global religion — and it is social justice, environmental justice, and all this gobbledygook. We all know, it's not just wrong, it is dangerous. That's the first church, the cathedral of Notre Dame, in France, is the first global church. Mark my words. Christian, Jews, Muslims ... this global church will bring darkness unlike you've ever seen."

Watch the video clip from "The Glenn Beck Program" below:

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.