Shades of 1929

December 17, 2018

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CEO/Founder

It is now exactly two weeks until the end of 2018, and even though the year is coming to a close, the market selloff isn't. Get ready for a long 2019. Just how bad is it going to get? Here are just a few of the buzzwords and phrases that analysts were throwing around this weekend to describe what's coming next: "a flurry of sell offs"... "a sign of things to come"... "a precursor to an epic market collapse"... and lastly "shades of 1929". Well now, doesn't that sound fun?

The umbrella group for the world's central banks, The Bank of International Settlements, put out a little under the radar warning yesterday, and it isn't pretty. They're saying that the market selloff that's been going on the past few months isn't isolated… this is about to get worse, and it isn't stopping anytime soon. Ron Paul went on CNBC last week and agreed. He said the developments we're seeing right now could be leading to something that's quote, "worse than 1929."

I CAN NOT believe how no one is talking about this. It's eerily familiar to 2008, when all the big banks were fudging their financial statements to give the appearance that everything was A OK. In reality, possibly the biggest bubble in human history is set to explode. Quantitative easing since the 2008 financial crisis, or the method of printing money like crazy to inject money into the system, is now about to come for its reckoning. The Fed is planning to make three rate hikes in 2019. The U.S./China trade war is still moving forward. The economy is slowing towards recession. And all of this is coming during record amounts of spending.

Consider this. The White House is estimating this year's budget deficit will total 1.1 TRILLION! That's over four percent of GDP. Let's look back in history for a quick second and compare that number to the other times the deficit went over 4% GDP. Here are a few years when it happened: 1933, 1942, 1983, 2009 and then today. 1933 was FDR's attempt to get out of the Great Depression enacting the New Deal. 1942 was World War 2. 1983 was the height of the Cold War. 2009 was the bank bailout after the crash. So basically, this only happens either during times of war or in response to a financial crisis. So why are we still spending at record levels?

We're neither at war nor are we responding to a recent crash, but we're spending as if we were!

We're neither at war nor are we responding to a recent crash, but we're spending as if we were! Let me rephrase that, a GOP government - that controls all branches of government - is spending money at record levels not seen since the Japanese bombed Pearl harbor or the recovery from both the Great Depression AND the Great Recession. It might be the largest bubble in history. The only question now is, will this be the year that it bursts?

Betrayal of trust: Medicare insurers face lawsuit over kickback scheme

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Editor's note: This article is sponsored by Chapter.

The U.S. government has filed a major lawsuit under the False Claims Act, targeting some of the biggest names in health insurance—Aetna, Elevance Health (formerly Anthem), and Humana—along with top insurance brokers eHealth, GoHealth, and SelectQuote. The allegation? From 2016 to at least 2021, these companies funneled hundreds of millions of dollars in illegal kickbacks to brokers to steer seniors into their Medicare Advantage plans.

If the allegations are true, it means many Americans may have been steered into Medicare Advantage plans that weren’t necessarily the best fit for their needs—not because the plans were better, but because brokers were incentivized by illegal kickbacks.

The Kickback Conspiracy

Navigating Medicare Advantage’s maze of plan options is daunting, so beneficiaries rely on brokers like eHealth, GoHealth, and SelectQuote, who claim to be unbiased guides. But from 2016 to 2021, insurers Aetna, Humana, and Elevance Health allegedly paid brokers millions in kickbacks to favor their plans, regardless of quality. Disguised as “co-op” or “marketing” deals, these payments were tied to enrollment targets. Internal emails revealed executives knew this violated the Anti-Kickback Statute, with one eHealth leader joking that the Centers for Medicare & Medicaid Services (CMS) would miss a $15 million Humana deal for minimal enrollments. Brokers used call routing to prioritize high-paying insurers, betraying beneficiaries’ trust.

Discrimination Against the Vulnerable

The scheme wasn’t just about profits—it targeted vulnerable beneficiaries. Medicare Advantage must accept all eligible enrollees, including disabled people under 65. Yet Aetna and Humana allegedly pressured brokers to limit their enrollment, as these beneficiaries were deemed to be less profitable. Brokers complied, rejecting referrals and filtering calls to favor healthier enrollees, incentivized by bonuses. This violated federal anti-discrimination laws and CMS contracts, undermining the founding principles of Medicare by discriminating against the very people it was created to aid.

False Claims and the Pursuit of Justice

The schemes led to false claims to CMS, with insurers certifying enrollments as “valid” despite kickbacks and discrimination. The government paid billions, unaware of the fraud. Examples include Humana’s $12,477 for a 2016 enrollment and Aetna’s $79,047 for a 2020 case. On May 1, 2025, the U.S. filed suit, seeking treble damages and penalties under the False Claims Act. Aetna and others deny the allegations, per May 2025 reports, promising a fierce defense. The case, demanding a jury trial, seeks justice for beneficiaries and taxpayers.

POLL: Does Brooklyn crash expose a cyber sabotage plot?

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A Mexican Navy ship crashing into the Brooklyn Bridge has left the nation stunned, and Glenn is demanding answers.

Are recent devastating ship collisions—first Baltimore’s Francis Scott Key Bridge in 2024, now Brooklyn in 2025—really just accidents, or is something far more sinister at play? Glenn recently warned that these incidents, both involving foreign vessels losing power near critical U.S. infrastructure, could be “shark bumps” by foreign adversaries testing our defenses through cyber sabotage. With the government and media quick to dismiss concerns, Glenn is calling for urgent investigations into possible hacking, independent audits of our ports and bridges, and a serious look at whether our enemies are exploiting vulnerabilities in our digitized systems.

Glenn wants to know what you think: Are these crashes coincidental, or are we under attack? Let us know in the poll below:

Could the recent ship crashes into American bridges be the result of cyber attacks by foreign adversaries?

Should the US government investigate these incidents for possible foreign interference?

Is our critical infrastructure adequately protected from cyber threats?

Are you concerned that foreign adversaries might be targeting US infrastructure through cyber means?

Do you think the media and government are properly addressing the security concerns raised by these incidents?

Glenn: Biden’s autopen scandal rocks White House

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Top Democrats knew Biden’s health was deteriorating but covered it up to keep power. Jake Tapper’s book finally lifts the lid on their deception.

Jake Tapper and Alex Thompson’s new book confirms what we suspected all along: Joe Biden’s health was rapidly declining, and the Democratic Party establishment knew it. Rather than be honest with the American people, they chose to cover it up, to prop up Biden just long enough to survive the election cycle. And the media helped them do it.

For years, any mention of Biden’s cognitive decline was framed as a “right-wing smear,” a baseless conspiracy theory. But now, Tapper and Thompson reveal that Biden’s top aides privately discussed the need for a wheelchair after the election — because the man can hardly walk.

We had no functioning president for much of the past administration.

And while Biden’s closest aides were planning that, they and their allies in the press were publicly spinning the fantasy that Joe Biden’s halting gait was due to a heroic foot fracture from a dog-related incident four years ago. They said his frailty was due to his “vigor.” That’s not a joke. That’s a quote.

And while they said this, they were having special shoes made for him with custom-made soles to help him stand. They weren’t planning for a second term. They were planning how to prop him up — literally — just long enough to survive the election. That is a cover-up.

It doesn’t bother me that Biden might need a wheelchair. What bothers me — what should bother every American — is that his aides talked about hiding it until after the election.

Biden wasn’t leading

Needing a wheelchair in your 80s is not a moral failing. It’s human. I own President Franklin D. Roosevelt’s wheelchair — it sits in my museum. That chair represents the strength and resilience of a man who, despite paralysis, led this nation through World War II against a dictator who was gassing the disabled and infirm. He hid his disability out of fear the public wouldn’t accept a leader who couldn’t walk. But he led.

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But Joe Biden wasn’t leading. He was a puppet played by faceless swamp creatures whose only concern was maintaining their iron grip on power.

Whatever you think of Tapper, the book reveals the chilling reality that we had no functioning president for much of Biden’s administration. Our commander-in-chief wasn’t just aging — he was declining. And the people around him — government employees, funded by your tax dollars — weren’t honest with you. They lied to you repeatedly and willfully because the truth would have guaranteed a second Trump term. That’s what this was all about.

Who signed the pardons?

Consider the implications of this revelation. We had a president signing documents he didn’t read — or even know about. We had an autopen affixing his name to executive actions. Who operated that autopen? Who decided what got signed or who got pardoned? Who was in charge while the president didn’t even know what he was doing?

Those are not minor questions. That is the stuff of a constitutional crisis.

The problem isn’t Biden’s age. The problem is that the people you elected didn’t run the country. You were governed by unelected aides covering up your elected president’s rapid cognitive decline. You were fed a lie — over and over again. And if anyone tried to blow the whistle, they got buried.

Don’t get distracted by the wheelchair. The chair itself is not the scandal. The scandal is that people inside your government didn’t want you to know about it.

They made a bet: Lie until November, and deal with the fallout later. That is an insult to the American people — and a threat to the republic itself. Because if your government can lie about who’s running the country, what else are they lying about?

We need further investigation and to hold these crooks accountable. If we don’t, it will happen over and over again.

This article originally appeared on TheBlaze.com.

The Woodrow Wilson Mother's Day loophole

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I’ve got a potentially helpful revelation that’s gonna blow the lid off your plans for this Sunday. It’s Mother’s Day.

Yeah, that sacred day where you’re guilt-tripped into buying flowers, braving crowded brunch buffets, and pretending you didn’t forget to mail the card. But what if I told you… you don’t have to do it? That’s right, there’s a loophole, a get-out-of-Mother’s-Day-free card, and it’s stamped with the name of none other than… Woodrow Wilson (I hate that guy).

Back in 1914, ol’ Woody Wilson signed a proclamation that officially made Mother’s Day a national holiday. Second Sunday in May, every year. He said it was a day to “publicly express our love and reverence for the mothers of our country.” Sounds sweet, right? Until you peel back the curtain.

See, Wilson wasn’t some sentimental guy sitting around knitting doilies for his mom. No, no, no. This was a calculated move.

The idea for Mother’s Day had been floating around for decades, pushed by influential voices like Julia Ward Howe. By 1911, states were jumping on the bandwagon, but it took Wilson to make it federal. Why? Because he was a master of optics. This guy loved big, symbolic gestures to distract from the real stuff he was up to, like, oh, I don’t know, reshaping the entire federal government!

So here’s the deal: if you’re looking for an excuse to skip Mother’s Day, just lean into this. Say, “Sorry, Mom, I’m not celebrating a holiday cooked up by Woodrow Wilson!” I mean, think about it – this is the guy who gave us the Federal Reserve, the income tax, and don’t even get me started on his assault on basic liberties during World War I. You wanna trust THAT guy with your Sunday plans? I don’t think so! You tell your mom, “Look, I love you, but I’m not observing a Progressive holiday. I’m keeping my brunch money in protest.”

Now, I know what you might be thinking.

“Glenn, my mom’s gonna kill me if I try this.” Fair point. Moms can be scary. But hear me out: you can spin this. Tell her you’re honoring her EVERY DAY instead of some government-mandated holiday. You don’t need Wilson’s permission to love your mom! You can bake her a cake in June, call her in July, or, here’s a wild idea, visit her WITHOUT a Woodrow Wilson federal proclamation guilting you into it.

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