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Why NOT destroying China’s spy balloon may be a BIG MISTAKE

A Chinese balloon was spotted over the northern United States earlier this week, with sightings most recently in Billings, Montana. China has since confirmed the suspected spy balloon is their’s, though stopped short of admitting it’s being used for surveillance (like many in the U.S. suspect). According to CNN, military officials advised President Joe Biden NOT to destroy the balloon, ‘due to fear the debris could pose a safety threat to people on the ground.’ But in this clip, Glenn explains why NOT destroying this 'spy balloon' could be a very BIG mistake…

Transcript

Below is a rush transcript that may contain errors

GLENN: Let me talk to you about the spy balloon. Stu, what do you know about the spy balloon?

STU: Well, apparently, the spy balloon, flying from a product of China. Flying from our western United States.

GLENN: Yeah. It's over Wyoming.

STU: Alaska. Wyoming now.

GLENN: Yeah. Uh-huh. Uh-huh.

STU: I did have a question of, when we have satellites and TikTok, why would we need a balloon? I don't know.

GLENN: It does seem to be a little old-timey, you know.

And at first when I heard that, I thought, they're down to hot air balloons. That's good. You know, that's good. But it's not good.

And here's why: And I'm not hearing anybody talk about this. First of all, the -- the balloon's current path, it carries -- it carries this balloon over a number of sensitive military sites. And they also say -- the United States says, they don't want to shoot it out of the sky because of falling debris. Really?

We don't have anything that would just obliterate that thing in the sky. Really? So, anyway, it was over Canada. And then it flies into the United States. And it's flying over sensitive military nuclear sites.

And the Chinese foreign ministry said, you know, relax, America.

Now, I don't know about you, but I'm -- China should be happy that we don't have a female for president. Because females don't really like it when males say, okay. Sweetheart, relax.

And I think that's kind of what China just said to us, in a very condescending tone. Oh, please, relax. It's just a spy balloon. What are we going to get?

Well, here's the one thing that -- one thing that I -- that I wanted to check, when I saw this.

The -- the balloon, they think, is in an altitude between 80, and 120,000 feet. Now, I'm not saying, that this is what it is.

But I am saying, if we don't shoot it down, and make sure that our own airspace remains sacred, we're out of our minds. Can you imagine Russia. If we had a spy balloon, ask we told Russia or China, ah, relax.

The balloon is at an altitude, they believe between 80 and 120,000 feet. The minimum altitude for an airborne EMP is 94 or 95,000 feet. So that's right in that range. I just want to throw that out there.

I don't think it's an EMP. In fact, I'm pretty sure it's not an EMP. However, if they can fly things over our country. And we do nothing about it.

And they're flying them over our nuclear sites. I think that's a problem.

I don't know about anybody else.

But I'm not really relaxed about it. How about you? Hmm?

STU: Sounds like a big problem. And, you know, certainly, I think, they will learn, that they can do this, if they want to do it. Right?

GLENN: Yeah. Absolutely.

STU: Take a lesson from this.

GLENN: That's the intelligence that they're gathering.

I really believe, they are gathering the intelligence of, will America even respond?

I don't think they will. No. Of course, they will. No. I don't think they will.

Let's fly it over. Fly it into US airspace. And fly it spew their really sensitive military sites. And see if they say a word. No!

That's the intelligence they're gathering.

STU: That's all we do, though. Is we say the word. They're talking about how they're going to make a very uncomfortable meeting, I guess when I guess Blinken meets with them.

GLENN: Oh, very uncomfortable.

We might send them a sternly worded letter. Why not blow it out of the sky? Sincerely. Why not blow it out of the sky.

Just saying.

If it's a balloon, I'm not so worried about shrapnel coming down. Are you?

STU: Well, looking it though, the pictures that are seemingly of this balloon. It doesn't look like a balloon. Like you would think of a balloon.

It looks like there's a decent amount of equipment on it. How would you describe this picture? It looks almost like a satellite.

GLENN: Almost like Sputnik.
(laughter)
Yeah. So it looks kind of like a satellite. I wonder what equipment might be on it. And honestly, there is nothing that a balloon can gather, that I'm aware of. And I talked to some expert about this. There's nothing I'm aware of, that they can't gather very satellite. They can watch us via satellite, they have that technology. So why launch a balloon?

The only answer I and others can come up, that I've talked to. Is they're just testing, whether or not they can invade our airspace. And we do anything. Now, why would they want to know that? This is not good. It's not good.

GLENN: Just saying. Leave it at that.

STU: Your summary of it, do we get a headline out of it? Is that a clickbait-y headline that we can get?

GLENN: Yeah. China flying mysterious balloons with equipment on it, over sensitive US air -- US sites. Suboptimal.

STU: Yeah.

GLENN: Suboptimal. I'm just saying.

STU: Suboptimal.

GLENN: Yeah. Yeah.

STU: Emphasis on the sub.

GLENN: Yeah. Which they can launch a lot of things.

Anyway, there is a new poll out, and it's a record-setting poll. And I think this is exciting. Only about a third. 36 percent of Americans, say they are satisfied now, with a set of policy issues spanning all aspects of government.

Among the lowest rated issues was the state of the economy. Which our president said, is fixed right? I mean, it's booming.

STU: It's strong as hell, Glenn.

GLENN: Strong as hell. No joke, people. I'm not joking. I'm telling you the truth. I'm shooting straight.

It's strong as hell. A quarter of Americans say, yeah. I'm satisfied with it.

It had the largest year over year decline, dropping eight percentage points.

Satisfaction with gun laws, also dropped sharply this year, to a record low of 34 percent.

Now, this one, I would like you to look into, Stu. I would like you to know. Is that like, yeah. Our gun laws aren't strong enough.

You know, we have to be more like California. Which, well, don't think about the stats on that one, too much.

Because we already have the toughest gun laws in California. But that's because of other states, that we're having all these problems.

Uh-huh. So the satisfaction of gun laws dropped sharply to a record low. Policies on abortion. Efforts to control crime.

Quality of public education. And efforts to combat poverty and homelessness, also remain at near all-time low points.

So we're not in a good mood. Now, they say, there are things we can build on.

Sure, there's a rise of polarization. And a decline in national harmony.

You know, we've always had a baseline, where, you know, people were generally content with America.

And now, people are not. I wonder what could have changed that.

So the perception of overall quality of life in the US has dropped to a record low this year.

As did perceptions of wealth inequality. Less than a quarter of adults now say that they are satisfied the way income and wealth is distributed in the US.

Less than a quarter of adults. So does that mean only a quarter of us believe in the free market?


STU: Is it that high?

GLENN: Is it that high?

STU: I mean, think about that, you are constantly beaten over the head, with how much this country sucks. How terrible it's been. How everything it does is wrong. How every police officer is out to kill minorities. I mean, it's on and on and on.

How every rich person is trying to kill poor people for profit. Every company is out to get you.

You think about how that has to wash over a population over multiple decades, and what other ending can you come to?

Only if people are hard-core their principles.

GLENN: Yeah, they know that. They hard-core know that. And just when you think that things are horrible, the groundhog dies, on Groundhog Day.

It's suboptimal. I'm going to leave it at that.

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The ONLY Trump/Epstein Files Theories That Make Sense | Glenn TV | Ep 445

Is the case closed on Jeffrey Epstein and Russiagate? Maybe not. Glenn Beck pulls the thread on the story and its far-reaching implications that could expose a web of scandals and lead to a complete implosion of trust. Glenn lays out five theories that could explain Trump’s frustration over the Epstein files and why Glenn may never talk about the Epstein case again. Plus, Glenn connects the dots between the Russiagate hoax, the Hunter Biden laptop cover-up, and the Steele dossier related to the FBI’s new “grand conspiracy” probe. It all leads to one James Bond-like villain: former CIA Director John Brennan. Then, Bryan Dean Wright, former CIA operations officer, tells Glenn why he believes his former boss Brennan belongs in prison and what must happen to prevent a full-blown trust implosion in American institutions.

RADIO

Rumors explained: Is Fed Chair Jerome Powell OUT?!

After rumors spread that President Trump would soon fire Federal Reserve Chair Jerome Powell, Trump has said that he's "not planning" on it right now. But is it possible for Trump to fire him? Will he resign? And how is the Fed Chair even chosen in the first place? Glenn and his head researcher Jason Buttrill explain ...

Transcript

Below is a rush transcript that may contain errors

GLENN: Well, last night, I was rapidly looking the lie some of these rumors, on X.

Pretty incredible people on what's going on with Jerome Powell and the fed.

What the heck?

I was actually popping popcorn and watching this. It was so crazy.

GLENN: So it's just the rumors, that he is going to be stepping down?

JASON: Well, yeah.

Yeah. Anna Paulina Luna. Congresswoman. She was saying, it was almost imminent, that he was about to be fired. Actually fired.

There were other rumors saying, well, we're not sure about fired.

But he's considering resigning.

GLENN: Yeah. You know why.

JASON: We were like, what the heck is going on?

GLENN: So do you know why?

Do you know why he's resigning? Any guesses? I mean, you had popcorn out. I would love to hear what you have come up with.

JASON: So there was the CPI stuff coming out. The interest rates going up.

We know that the President wants interest rates to come down. I'm assuming that is what the deal is, and there's some sort of internal battle going on.

GLENN: Well, and the president can't fire the Fed chief. Okay?

So the Fed chief is the one that nominated. The federal reserve is the biggest crock of bullcrap I've ever seen in my life.

It's nothing, but the five biggest banks. Okay? And you know which ones they are. They're the ones that keep getting bigger. And everybody else is falling to the wayside.

So the Federal Reserve is the arm of those five banks.

Okay?

And they suggest, who the president can select from.

So the president can't say, I don't want any of these guys. I want this guy. Can't do it.

He has to take a look at the list that all the banks have put together. Is. Say, pick from this list, Mr. President.

Did you know that?

JASON: It's kind of how Iran chooses their next president.

GLENN: It's exactly. It's exactly that way. Except, this religion is all about the almighty dollar.

Okay. So he can't -- he can't pick on his own. But the president has a right to pick one, you know, every term. If it comes up in his term.

The president wants this guy out. And I think he's been really, really bad.

Because he's been wrong on almost -- on almost everything. But show me the -- show me the Fed, you know, the guy who the Fed was right ever.

So he can't fire him. But he wants him out. Because he wants interest rates dropped.

And, you know, the jobs are coming back. Things are coming back.

But interest rates keep coming up.

And the -- and the interest rates, if we keep our interest rates high, we have a harder time borrowing money for our debt.

And it just gets more and more expensive for everybody all along. So the president wants him to back off interest rates. But the Fed chief believes that that could cause more inflation.

Which I think he's right on that one. And I hate to say he was right on anything.

Because I don't think he was ever right.

Makes me question myself. When he's like, well, I think he might have a point on that one. But the president is like, no. He can handle it.

I want them down. I want cheap money again.

He refuses. So what has the president done?

The president can only fire him, with cause!

So what do you do when you can only fire somebody with cause, and you want them out.

You find a cause, and this one is easy.

So the Fed has been the one leading the way saying, we can't keep borrowing money.

We've got to have some fiscal sanity. Right?

This is going to kill us. We have to keep these interest rates high, because you are borrowing too much money. And maybe this is the only way to stop you.

So we got to keep it high, because you've borrowed too much money. And how many times has he testified in front of Congress? We've got to cut. We've got to cut. You can't keep spending like this.

Okay? Well, did you know that the Federal Reserve, with our tax dollars, the five biggest banks, a/k/a the Federal Reserve, is redoing their offices. To the tune of two billion dollars!

Now, I don't know what kind of wallpaper they need there.

But that seems like a pretty hefty renovation, especially when everybody is looking at cutting things. And you're lecturing me about spending money. So they get money from the government, okay? They're telling us, stop spending.
Stop borrowing.

Except, okay. What you've borrowed. I need $2 billion of that, to redo our offices in Washington, DC.

Excuse me?

Why don't you do that yourself. Okay. I think banks maybe have some money.

So they're borrowing that money, and there's $700 million over.

So it's $2 billion. $700 million over budget. And they're still not finished.

And the problem is: They're putting in water features.

They have a rooftop garden they're building.

JASON: Okay.

GLENN: I mean, it is -- it's insane. The president now knows, really? You want to play this game with me. I will sit your ass down in front of Congress, and you answer to the American people, how you're lecturing us about spending. And you're putting in a rooftop garden and a water feature in your office. No! No.

So the president is now threatening, I'll fire you for this. You want to quit, now would be the time to quit.

Otherwise, I'm dragging your butt in front of Congress.

You answer to the American people for this. And they will beg me to fire you.

That's what's happening.

JASON: I looked at that a lot.

Because I was like. There's got to be some leverage that the president had, because they can't get rid of.

But that is a pretty big cut. That sounds like a Babylon Bee article. $2 billion.

GLENN: It does. It does. $2 billion, 700 million over budget.

JASON: Oh, my gosh.

GLENN: I mean, and these are the responsible bankers. No, I don't think so.

It just shows, they don't mean what they say. They'll just keep doing it for themselves. You know, if you really believed that America was really on that financial cliff, why would you do that?

You would lead the way and say, guys, we are going to be the only responsible ones here.

We will lead by example.

No renovation. You know what, go to IKEA?

You need a new desk. Go to IKEA, and get a new desk. Well, we have to keep up our image. We're not going to have a country.

So what do you say, we go to IKEA?

Our image should be, we are going to lead the way out of this madness!

That's what a leader would do.

JASON: So, Glenn, I still don't think I get this disconnect between Trump and Powell on -- we know Trump wants to lower interest rates.

Powell is standing back and saying, basically, he doesn't want to do it.

Is he trying to undermine President Trump on this?

GLENN: President Trump thinks so. President Trump thinks so.

I think so, to some degree.

I mean, I'm worried about inflation.

Look, you know what happened. Do you know what's happening with yap?

JASON: What's happening with Japan?

GLENN: So what's happening with Japan, is Japan has always had this really amazing image of, we're solid. We're absolutely solid.

This is target to crack. The foundation.

1989.

Let me go back to 1989.

This was the crown jury trial of the global economy.

Back in 1989, you probably aren't old enough to remember.

All of a sudden, Japan owned everything in America. We were just becoming Japanese, and everything was being purchased by Japan. Kind of like it feels a little bit like China now.

JASON: They even owned Nakatomi Plaza, Glenn, that Bruce Willis had to save -- they owned everything in every '80s movie!

GLENN: Oh, yeah, they owned absolutely everything.

Okay? And the -- things were so insane in Japan. The grounds of the imperial palace, in Tokyo, on paper was worth more than the entire value of the state of California.


JASON: Wow!

GLENN: Okay?

So their land. Everything just shot up. And so they had all of -- they were flush with all this cash.

And people believed that Japan had suddenly, you know, cracked the formula for, you know, eternal prosperity.

That's the problem. Then it all started to fall apart. And the asset prices. That they had mortgaged against.

Okay?

They had borrowed. Well, the imperial palace was worth more than California.

That doesn't make any sense. You wouldn't mortgage it like that. At least long-term. I will do this real quick, and pay it off.

You would never, ever mortgage, because you know that's inane. Well, nobody ever wanted -- and it seems in governments, nobody ever wants to believe that this is just a fluke. Okay?

So the asset prices collapse. The stock markets plunged. And for three decades, they have gone into this very polite political coma.

Okay? Economic coma. And so the central bank did something radical. They were the first ones to set your interest rate at zero. They lowered the interest rate. They made money so cheap, it was nearly free. Zero percent interest. Sometimes, they would pay you to take out money.

So the -- they had negative interest rates. Can you imagine that? Now, you're not fixing the problem. You're just printing wallpaper to cover the mold. All right?

So they've done this for decades.

Now their debt is I think 260. Or 280 percent of their GDP.

I think, what is ours?

100?

80 percent.

Something crazy. 120. You never believe back.

The death threshold is usually 120, 140.

They're 260 percent of their entire economy is debt.

That's not a crack. That's a fault line.

So this week. Or was it last week? Things started to creek and grown in Japan.

And the government bonds, which are like our treasuries. Is this getting too complex.

Are you following this still?

JASON: Yeah.

GLENN: Okay. So their government bonds.

They were the safest investments on earth.

One of them. Okay?

It's us. Japan, Germany.

They started to fall.

Hard. And when bond prices fall, interest rates were the easily go up.

All right?

So they borrow all this money.

260 percent of their GDP is borrowed. Okay?

So they borrowed all of that money. And they had it at like 3 percent interest. Whatever.

2 percent interest.

And they were paying people.

2 percent.

Well, all of a sudden, the cracks started to appear. And people were like, I'm not sure this is stable at all.

And then the belief of the system started to -- to go away. So people started selling their Japanese bonds.

Once they do that, now the yields have to go up.

What happens when yields go up?

What happens when interest rates go up? For a government. You have to pay more interest on your debt!

Okay?

You add two or three points.

Just imagine, you have an adjustable rate. Okay?

This is a government having an adjustable rate. Except, they have 260 percent of everything they make, in debt!

And it's all leveraged.

And now, their adjustable goes up two, three, four points.

You're not able to afford that anymore, okay?

So massive problem.

Because what it really means is. People don't believe in Japan.

They know the con game is now over.

And investors are saying, you know, I want a whole lot more in return.

Because I just don't believe you anymore.

And it's not just Japan's problem. This is not a neighbor's house on fair.

This is -- imagine we're all living under the same roof. This is the neighbor's apartment, on fire.

We're all under the same roof. We all have the same foundation. And so when this happens to Japan, you should pay attention. And I'll show you the ripple effects in just a second.

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GLENN: Okay. So now if Japan -- that means there's a stampede out of Japan.

And people are starting to look and reprice the risk of their money.

Now they're like, wait a minute.

The most stable. You know, if you're driving a car and it is the safest car in the world and all of a sudden, they just start blowing up on the highway.

You're like, I don't think that's the most -- that's the safest car on the highway.

And if that's the safest car, what does it mean for the car I'm in?

You know what I mean? So now, this is going to push US interest rates going up.

Which makes our mortgage rates go can up. And our car loans more expensive. And the national debt. Which is already costing us $1.2 trillion a year, just in interest.

Now, they can't sell their treasuries. People are skittish on treasuries. Maybe they come to the United States, but they're not so far.

They're getting out of the Japanese interest. Or the bonds there.

Japan has to pay their bills.

What do you do when you have to pay a bill?

And you don't have any money coming in.

You don't have enough money coming in. What do you do?

You sell something. Right? You sell your car. You sell something that you have of value.

Well, what do they have? What do they hold of value? US Treasuries.

So now, we are trying to sell our bonds, for our new debt, they hold our old debt.

They're saying, hey. Anybody want to buy this debt? Because I have to sell it. Fire sale. What do you give me for it?

Okay?

Which makes that debt more attractive, because they can get a better deal there.

Which means, if we want to have new debt, we have to raise our interest rates. Which means, we pay more for interest for our mortgages and everything else.

And it floods the market with bonds, crushing the prices, skyrocketing the costs for us.
And causing even more trouble, in other countries, that have US bonds. Because they start to look and go, nobody is buying these bonds.

Well, of course not. You have two countries. The two stablest countries besides Germany.

You have the two stablest countries now selling US Treasury bonds.

Okay? Really, really bad.

Now, let me add this on.

Germany is now having to pay for their own army.

And so they said, they're going to borrow money.

To build the army.

And they're going to lower their interest rate. So they can borrow more money. All right?

And now, the German bund, which is -- you know, like our Treasury. That's now starting to fall apart.

Well, Germany has some assets, they can sell.

What do you think that asset might be that they want to sell?

US treasuries.

We have been playing an extraordinarily horrible game.

This is why I believe the president wants somebody else in charge of the Fed, because the Fed can say, we're lowering the interest rates.

Because he's got to get more money into the system. So people can spend money, can start businesses. Borrow money.

Get things moving, so we can increase the amount of taxes that we collect.

The more people money -- the more people make, the more taxes we collect.

So he's like, we've got to grow the economy. And the only way we can grow the economy is to lower the interest rates.

But at the same time, interest rates around the world because of what's happening with the bonds is going through the roof.

We are in a very -- we've never been in this position before.

THE GLENN BECK PODCAST

Why the Term "Conspiracy Theory" is CIA-Created Weapon for Control

Conspiracies are of course real and occur every single day. But yet, many in the media and elite political circles attempt to use the term "conspiracy theory" to smear and discredit those who are skeptical of conventional narratives. Where did this term come from and how should we understand it? Journalist Alex Newman joins Glenn Beck to break this down and how it impacts the world as we see it today.

Watch Glenn Beck's FULL Interview with Journalist Alex Newman HERE

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Chalkboard Breakdown: How George Soros & the 'Deep State' funnel YOUR money to radical groups

Where do these massive left-wing radical groups get all their money from? Much of it is effectively a scam that occurs using your tax dollars to fund these groups that you would never support on your own. Glenn Beck heads to the chalkboard to expose the connections so you can visualize exactly how someone like George Soros manipulates the system.

Watch the FULL Episode HERE: Deep State ON NOTICE: New Tech Traces the USAID, Globalist Money Trail