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.

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.

Watch the full video below:


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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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