Who cares if the world is on the brink of financial ruin — Roseanne tweeted

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While Roseanne Barr stole all the headlines yesterday afternoon, the global economy was teetering on the brink. It's really kind of amazing how economic shifts don't make the news anymore. I think everyone's just kind of hoping that if they ignore it hard enough, maybe it just might go away. I've got some bad news for everyone… that ain't happening.

The Dow closed out yesterday falling over one and a half percent at nearly 400 points in the hole. It marked the third straight day of trading losses for both the Dow and S&P 500. A run on the nation's largest banks ensued throughout the day. Goldman Sachs, J.P. Morgan, Citigroup, Morgan Stanley and Bank of America all lost more than 3%. That's kind of a big deal don't you think? Interesting how none of this is getting talked about in the media.

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So what's causing all this turmoil? Again, something you won't hear about from any of the mainstream news networks today, but global debt has reached catastrophic record numbers. Global debt is now at $164 trillion… and rising!

These numbers are absolutely insane.

$164 trillion is 225% of global GDP. The governments of the world never really recovered from the 2008 financial crisis. All they did was print money and leverage the farm. The world is now twelve percent of GDP deeper in debt than it was at peak debt cycle during the financial crisis in 2009.

The hardest hit since 2008 has been China. They've been spending themselves into oblivion trying to compensate. Since the financial crisis, China accounts for three-quarters of the world's debt increase, but Japan and the United States are right there with them. That's all of the top three economies in the world, desperately kicking the can down the road and hoping no one will notice that the sky is falling.

As all of this is happening and we still refuse to cut spending. Can you imagine how much worse all this will get if someone like Bernie Sanders ever becomes president?

To make matters even worse, Italy — the third largest economy in Europe - is on the brink of default. There's currently a political power struggle going on that may decide the fate over Italy's future in the EU. On top of that, Italy has one of the largest national debts in the world and an unemployment rate over 11%. It's economy is now worse off than it was before 2007. The Italians tried, like everyone else, to borrow and spend their way out of the financial crisis, but they never recovered.

They now have a ton of debt that they now have to pay back in US dollars. The problem now is that - as of yesterday afternoon — the Euro fell below one dollar and sixteen cents to the Dollar. In fact, the Dollar is surging which is making all those Italian loans more and more expensive. Default is a real concern. If that happens, economic contagion could spread on its way to a much larger meltdown.

As all of this is happening and we still refuse to cut spending. Can you imagine how much worse all this will get if someone like Bernie Sanders ever becomes president? Spending is already at record levels, and this new wave of Democratic Socialists want free healthcare, college tuition and a higher minimum wage. If they get what they want, the economic ramifications will make 2008 look like child's play.

Earlier this year, Coca-Cola became the poster child for how a corporation could shove leftist ideologies onto its consumers. The company suspended advertising on Facebook in a push to censor former President Donald Trump, published a manifesto about racial equity, and demanded all legal teams working for Coke meet certain diversity quotas.

But now, after Trump, Sen. Ted Cruz (R-Tx.), Sen. Rand Paul (R-Ky.), and many other conservative voices called for a boycott of the company's products, Coca-Cola appears to be shifting directions.

The Washington Examiner reported that the company issued a conciliatory statement after conspicuously failing to appear on a published list of hundreds of corporations and individuals that signed a statement denouncing the Georgia voting bill.

"We believe the best way to make progress now is for everyone to come together and listen respectfully, share concerns, and collaborate on a path forward. We remained open and productive conversations with advocacy groups and lawmakers who may have differing views," the company said. "It's time to find common ground. In the end, we all want the same thing – free and fair elections, the cornerstone of our democracy."

Then last week, Coca-Cola Co.'s new general counsel, Monica Howard Douglas, told members of the company's global legal team that the diversity initiative announced by her predecessor, Bradley Gayton, is "taking a pause for now." Gayton resigned unexpectedly from the position on April 21, after only eight months on the job, to serve as a strategic consultant to Chairman and CEO James Quincey.

"Why is Coca-Cola 'taking a pause' on all of these? Because you have been standing up," Glenn Beck said on the radio program Monday. "You and others have been standing up. Your voice, it's the power of one. Your voice makes a difference."

Watch the video below to hear more form Glenn:

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This week on "The Glenn Beck Podcast," civil rights activist and Woodson Center founder Bob Woodson joined Glenn to call out the leftists in the "race grievance industry," like the Rev. Al Sharpton and Black Lives Matter, Inc., who, he says, are "profiting off the misery of their people."

Woodson lived through the appalling segregation laws of the last century and has a much different message about what it means to be "oppressed" than the so-called "anti-racist" activists today.

Woodson said he believes the real struggle for impoverished minority communities "is not racial." He argued that leftists "at the top" derive "moral authority" by claiming to represent "so called marginalized groups," while they prosper at the expense of those "at the bottom."

"There's nothing worse than self-flagellating guilty white people and rich, angry black people who profit off the misery of their people," Woodson said.

"I call what Sharpton and some of those are doing is worse than bigotry. It's treason. It's moral treason against their own people," he added. "The only time you hear from them is when a white police officer kills a black person, which happens maybe 20 or 21 times a year, but 6,000 blacks are killed each year by other blacks. So, in other words, their message is black lives only matter when taken by someone white, which means you are betraying the black community when you turn your back on 20 children that are slaughtered and you don't march in that community and demand that those killers be turned over to the police."

'The problem is not racial," Woodson asserted. "The problem is the challenge of upward mobility. Any time you generalize about a group of people, blacks, whites, Native American, and then you try to apply remedies, it always benefits those at the top at the expense of those at the bottom. ... It's a bait and switch game where you're using the demographics of the worst of these, to get resources that helps the best of these, or those who are prospering at the top. So, if I was the president, I would say an end to the race grievance business, that America should concentrate on the moral and spiritual free fall that is consuming people at the bottom."

Watch the video clip below to catch more of the conversation, or enjoy the full podcast here or wherever you listen to podcasts:

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Following President Joe Biden's first joint address to Congress, Glenn Beck joined fellow BlazeTV host and author of the new book, "American Marxism," Mark Levin to expose what they called the "Liar-In-Chief's" radical plans for our country and to explain why the far Left's proposals and programs are really a "frontal attack" on our Constitution, our country, and our way of life.

"Substantively, this is a frontal attack on our Constitutional system of limited government. It is a frontal attack on our capitalist system. He's basically throwing out all the bromides for the radical left groups that now form the base of the modern Democrat Party. And I make the case that ... this is Marxist bullcrap in its broadest sense," Levin stated.

"Here we are, a country now where one man can get up in the middle of the night and make a list of everything he wants to do to the country," he added, speaking figuratively. "It's like an unreality where we're living in separate worlds ... the whole thing is a fraud."

Watch the video clip below to hear Levin expose the lies and misinformation in Biden's speech and explain why he believes the true message is absolutely chilling for the future of our nation:

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After months of delays and COVID-19 excuses, President Biden finally delivers his address to the joint session of Congress. It is a truly historic moment, as only a few hundred members of Congress received an invite. While some have compared this speech to JFK's moon landing challenge, it will likely be more like FDR's New Deal nightmare. Will Speaker Pelosi continue her tradition of ripping up the president's speech? Will VP Harris cackle to a quiet audience?

Glenn Beck teams up with fellow BlazeTV host Mark Levin, author of the new book "American Marxism," to take on the progressive plans that could completely transform our economy and our way of life. Steve Deace, BlazeTV host and author of "Faucian Bargain," joins to discuss why it's not enough for conservatives to just lament the dangerous Democrat agenda; we must activate against the woke infection of our institutions. Plus, a power panel to rival CNN talking heads: Stu Burguiere, BlazeTV host of "Stu Does America," and Jason Buttrill, head researcher and writer for Glenn Beck.

Watch the video below:

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