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.

On the radio program Friday, Glenn Beck discussed the recent news that a primary source for the Steele Dossier — the document on which much of the Trump-Russia collusion investigation was based — had been investigated by the FBI for contacts with suspected Russian spies. Glenn also shared several previously unpublished texts and emails from FBI agents have recently been released.

According to a letter sent by Attorney General William Barr to Senate Judiciary Committee Chairman Lindsey Graham (R-S.C.) on Thursday, the FBI knew early on that the research compiled by ex-British intelligence agent Christopher Steele relied on a "Primary Sub-source" that had been "the subject of an FBI counterintelligence investigation from 2009 to 2011 that assessed his or her contacts with suspected Russian intelligence officers" — but still used it to obtain warrants to spy on former Trump campaign-aide Carter Page.

But, it gets even worse. Now, new leaked texts and communications from FBI agents within the department at the time of the entire Russian collusion effort were disclosed in federal court filings on Thursday. According to the court documents, FBI agents purchased "professional liability insurance" to protect themselves in January 2017, just weeks before Donald Trump was inaugurated president, because they were concerned about the agency's potentially illegal activity during the Russia collusion investigation.

"Trump was right," one FBI employee wrote in response to then-President-elect Trump's Jan 3, 2017 tweet which read: "The 'Intelligence' briefing on so-called 'Russian hacking' was delayed until Friday, perhaps more time needed to build a case. Very strange!"

Watch the video below for more details:

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Chief researcher Jason Buttrill joined Glenn Beck on the radio program Thursday to discuss an "explosive" new report released Wednesday by Senate Republicans on Democratic presidential nominee Joe Biden's son, Hunter Biden, and the Ukrainian energy company Burisma.

Among other serious allegations, the 87-page report claims that "Hunter Biden received a $3.5 million wire transfer from Elena Baturina, the wife of the former mayor of Moscow," and the richest woman in Russia.

"The transactions discussed [in the report] are designed to illustrate the depth and extent of some questionable financial transactions. Moreover, the financial transactions illustrate serious counterintelligence and extortion concerns relating to Hunter Biden and his family," the report stated.

Jason suggested the Senate's findings provide additional evidence to back allegations of a money-laundering scheme, which Glenn detailed in a four-part series about Biden's shady connections to Ukraine. Learn more on this here.

"Laundered money is very hard to track to its finality," Jason explained. "I'm sure the Biden camp is really hoping that it just looks suspicious, but [investigators] don't ever find the eventual end point. But, if they do – and it's possible they already have – this is going to be explosive, very explosive."

Watch the video below for more details:

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Revolutions rarely happen overnight. The Left started laying the groundwork for November 3, 2020, the moment Hillary Clinton had to concede the 2016 election to Donald Trump. It was always solely about getting rid of President Trump — and there's a playbook for that.

Last week, Glenn Beck showed you the "Seven Pillars of Color Revolution" written by a former U.S. diplomat, which are the conditions that must be in place for a successful Eastern European-style "Color Revolution." The left seems to be pushing for a Color Revolution this election because they are using the exact same playbook.

In part two of this series, Glenn peels back the layers on the first four of these Color Revolution pillars to show you how they work and what the end goal is. And he reveals one of the architects of the playbook – a Color Revolution specialist, former ambassador, and former Obama administration official who is one of the key masterminds of this revolution.

Joining Glenn is political campaign veteran and BlazeTV host Steve Deace who says the polls that claim Biden is leading the race "are trash." We're being set up to believe that if Trump wins in spite of the polls, it must be an invalid election.

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Sen. Ted Cruz: NOBODY should be afraid of Trump's Supreme Court justice pick

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Sen. Ted Cruz (R-Texas) joined Glenn Beck on the radio program Wednesday to weigh in on President Donald Trump's potential Supreme Court nominees and talk about his timely new book, "One Vote Away: How a Single Supreme Court Seat Can Change History."

Sen. Cruz argued that, while Congressional Democrats are outraged over President Trump's chance at a third court appointment, no one on either side should be afraid of a Supreme Court justice being appointed if it's done according to the founding documents. That's why it's crucial that the GOP fills the vacant seat with a true constitutionalist.

Watch the video below to hear the conversation:

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