Glenn Beck: Bailout Blues


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GLENN: The lead editorial in the New York Times today, how not to prevent foreclosures. I told you that we would have absolutely not a leg to stand on if you didn't stand up and say no bailouts. Listen to this. They are talking about John McCain and how he talked about the economy on Tuesday, blah, blah, blah. The nominee's view of the economy is skewed as is his view of the government's responsibility to protect and help aid its citizens. His suggestion that federal aid might wrongly reward undeserving homeowners sounded both mean spirited and economically naive." Mean spirited, hmmm. Standing up and doing the right thing, taking responsibility for your own. I say it about Bear Stearns. Let them fail.

"And then there's the double standard," quoting the New York Times. "He seemed less concerned about the government helping reckless bankers endorsing its role in preventing the bankruptcy of Bear Stearns." Reckless bankers? There was a run on Bear Stearns but now all of a sudden it's reckless bankers. I'm not throwing the big guys underneath the bus because it's popular. I say throw everybody under the bus. Anybody who had responsibility for it, you know what? Too bad! It's too bad for you. Now they want more regulation. Clinton is saying that they fear a Japanese style recession. Of course there's going to be a Japanese style recession. I'll lay out the comparisons of what -- remember that was a real estate bubble that popped in Japan. They paid way too much money on their real estate. So there was a real estate bubble. It popped; everything contracted. What they did in Japan is exactly what our Fed did here. They said, "Oh, we can get this out," and they opened up the valves. The difference is we're already in debt. The Japanese are not. The Japanese, their problem was they were sitting on their bundles of cash. They saved; we spent. They saved. So they took interest rates and brought them down to zero, they did everything they could. The Yen tanked. They sat there like that for ten years because they couldn't get people to spend money. Those people had money. Where's our money? Where's our money? We don't have any money. We spent the money. The Government doesn't have money. Everybody spent it, and it's bogus money. And as soon as the Fed understands -- they've opened up the valve almost as far as it can. There's another story today here: Busy Fed might need to reload. Concern emerging on hedge holdings and risky securities.

That's the other -- you've got that. You've got the equity in another story. You've got all these things that are like, uh-oh, wait a minute, there's this problem on the horizon. There's no more room for the Fed to open up. Remember the Fed always does two things. They either open up too far, they either overshoot it or they undershoot it. They never get it right. It's either too much or too little. They've opened up this thing almost to the point of no return. When you open up those valves, you start printing money and inflation goes up. You've got to close the valve at some point. At some point there -- because they didn't -- remember they didn't cut the rate entirely. They didn't open it up full bore. They were holding it back because they knew more trouble was coming. So we're going to hold a few, a little bit back and then we'll open it again. At some point they're going to open up that valve and just like you do when you're at summer and the water's off and you're like, oh, jeez, why isn't this working and you open the valve all the way and there's nothing there, when they open that valve up and nothing in the market moves, they're going to know, holy crap, and somebody behind them's going to say, shut the valve, shut the valve, shut the valve! It will be too late. It will mean they've printed too much money. And so how do they repair that? By jacking the interest rates up and shutting that valve down as tight as it can. I don't know what those interest rates will be but then how do you pay for the equity in your house? How do you pay for the equity loan? How do you pay for the mortgage? How do you pay for the variable rate? How does anybody do business in here because they are already sitting on the cash. We're going to make cash more tight? Don't be fooled. Don't be fooled by people telling you, "Oh, everything's okay" because that leads to panic when something goes wrong. Just be prepared. Let everybody else panic. You be prepared and everything will be all right.

Eric Weinstein, managing director of investment firm Thiel Capital and host of "The Portal" podcast, is not a conservative, but he says conservative and center-right-affiliated media are the only ones who will still allow oppositional voices.

On "The Glenn Beck Podcast" this week, Eric told Glenn that the center-left media, which "controls the official version of events for the country," once welcomed him, but that all changed about eight years ago when they started avoiding any kind of criticism by branding those who disagree with them as "alt-right, far-right, neo-Nazi, etc.," even if they are coming from the left side of the aisle. But their efforts to discredit critical opinions don't stop there. According to Eric, there is a strategy being employed to destroy our national culture and make sure Americans with opposing views do not come together.

"We're trifling with the disillusionment of our national culture. And our national culture is what animates the country. If we lose the culture, the documents will not save us," Eric said. "I have a very strongly strategic perspective, which is that you save things up for an emergency. Well, we're there now."

In the clip below, Eric explains why, after many requests over the last few years, he finally agreed to this podcast.

Don't miss the full interview with Eric Weinstein here.

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Glenn Beck: Why MLK's pledge of NONVIOLENCE is the key to saving America

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Listen to the Rev. Dr. Martin Luther King Jr.'s pledge of nonviolence and really let it sink in: "Remember always that the nonviolent movement seeks justice and reconciliation — not victory."

On the radio program, Glenn Beck shared King's "ten commandments" of nonviolence and the meaning behind the powerful words you may never have noticed before.

"People will say nonviolent resistance is a method of cowards. It is not. It takes more courage to stand there when people are threatening you," Glenn said. "You're not necessarily the one who is going to win. You may lose. But you are standing up with courage for the ideas that you espouse. And the minute you engage in the kind of activity that the other side is engaging in, you discredit the movement. You discredit everything we believe in."

Take MLK's words to heart, America. We must stand with courage, nonviolently, with love for all, and strive for peace and rule of law, not "winning."

Watch the video below for more:

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Conservatives are between a rock and a hard place with Section 230 and Big Tech censorship. We don't want more government regulation, but have we moved beyond the ability of Section 230 reforms to rein in Big Tech's rising power?

Rachel Bovard, Conservative Partnership Institute's senior director of policy, joined the Glenn Beck radio program to give her thoughts and propose a possibly bipartisan alternative: enforcing our existing antitrust laws.

Watch the video below:

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Dan Bongino, host of The Dan Bongino Show, is an investor in Parler — the social media platform that actually believes in free speech. Parler was attacked by Big Tech — namely Amazon, Apple, and Google — earlier this week, but Bongino says the company isn't giving up without a fight. In fact, he says, he's willing to go bankrupt over this one.

Dan joined Glenn Beck on the radio program to detail what he calls a "smear" campaign behind the scenes, and how he believes we can move forward from Big Tech's control.

"You have no idea how bad this was behind the scenes," Dan told Glenn. "I know you're probably thinking ... well, how much worse can the attack on Parler have gotten than three trillion-dollar companies — Amazon, Apple, and Google — all seemingly coordinated to remove your business from the face of the Earth? Well, behind the scenes, it's even worse. I mean, there are smear campaigns, pressure campaigns ... lawyers, bankers, everyone, to get this company ... wiped from the face of the earth. It's incredible."

Dan emphasized that he would not give up without a fight, because what's he's really fighting for is the right to free speech for all Americans, regardless of their political opinions, without fear of being banned, blacklisted, or losing jobs and businesses.

"I will go bankrupt. I will go absolutely destitute before I let this go," he said. "I have had some very scary moments in my life and they put horse blinders on me. I know what matters now. It's not money. It's not houses. It's none of that crap. It's this: the ability to exist in a free country, where you can express your ideas freely."

Watch the video below to hear more from Dan:

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