RADIOOctober 05, 2022

EXPOSED: The Fed & big banks to test SOCIAL CREDIT SCORES?

With record-breaking inflation, sky-high interest rates, and an economic recession, the Federal Reserve hasn’t had a lot of 2022 wins. But now, the Fed is getting even WORSE. In this clip, Glenn announces the Fed’s new ‘pilot program’ to test social credit scores HERE in America, alongside some of our biggest banks. Listen to find out what exactly this ‘pilot program’ entails and which banks are involved…

Transcript

Below is a rush transcript that may contain errors

GLENN: All right. So one of the things that is trending today, is OPEC is considering cutting oil production. To increase global prices.

Oh, my gosh. How could OPEC do this?

Because it's OPEC. They're not exactly the red crescent or the Red Cross. Okay?

They're in it for the cash. So OPEC has decided to raise the cost of oil production by reducing oil production.

Okay. That sounds fantastic for us, at the gas pump, right?

Why they're doing this, is because you're starting to see the beginning of the western world, not buying as much gasoline. You're starting to see demand destruction.

And that, again, is what the fed has been looking for. And it's so important, because they just say this, all the time. Like it's no big deal.

We just need demand destruction. That means, they need to make your life, so unworkable that you can't afford gas. So the price of gas collapses.

And you still are not going anywhere. Remember covid?

You're still not going anywhere. Because you can't afford it. Because everything is so expensive.

That's what demand destruction means. And I think it bears repeating every day. Because people, if they even listen to the fed, they see, well, they're raising interest rates.

Yes. Because generally speaking, that's to suck money back in, and have it go right to the furnace. I'm not convinced that that's what's happening.

But by raising the interest rates, everything you have becomes more expensive. And it also means that big businesses aren't going to be getting loans to expand.

Which means, laying people off. This is all thanks to the fed. Now, there's another thing that you should be aware of.

Credit Suisse and Deutsche Bank are -- are suffering now, if you will, from distressed valuations at the banks.

In 2008, Lehman Brothers, the fourth largest investment bank in the U.S. collapsed and filed for bankruptcy.

Now today, Credit Suisse and Deutsche Bank, two of the world's largest banks are suffering from the same kind of thing. The bank's credit default insurance levels are approaching things not seen since 2008.

Let me say that again. They're suffering from advertise distressed valuations, and the bank's credit default insurance levels are approaching degrees not seen since 2008.

The world economy is looking bad. Energy and gas prices, record highs. Inflation in many countries, is the highest in 40 years. The supply chains are fractured still. Equity markets have shed significant value. And tensions between the West and Russia, are at a nuclear level.

Now the two largest investment banks are floundering. And may go under.

That will be good. That will be really good. Now, Deutsche Bank says, nine! It will not happen. And the Swiss are like, you know how many banks we have over here?

We have so many banks. We're known for banks. We're not going to go under. So worry. Don't worry.

Don't matter. But just know, that that is actually a possibility on the horizon. And what is our fed doing today?

Our fed has made a major announcement. They're having a pilot exercise. Let's get all the pilots out, and let's have them do jumping jacks. Not that kind of pilot exercise. This one, is for ESG, social credit scores.

Now, Stu.

Help me out. A social credit score is what exactly?

STU: Have you ever seen Black Mirror?

GLENN: I have.

STU: Okay. Yeah. It's a way to rate your quality as an individual. Do you support the common goals of this society? This social -- this social contract, we all have with each other.

GLENN: Right. But it's nothing like what is happening in China.

STU: Oh, it's almost exactly what's happening in China. Yes.

GLENN: Really? They call it a social credit score? Huh. Huh.

STU: That's exactly what they call it.

GLENN: Okay. Well, the Federal Reserve announces a major pilot exercise, for ESG social credit score system.

STU: Oh.

GLENN: Six of the -- this is according to the fed. Last Thursday. Six of the nation's largest banks will participate in a pilot climate scenario, analysis, it's an exercise, to design. Or to -- designed to enhance the ability of supervisors.

And firms, to measure and manage climate-related financial risks.

Scenario analysis, in which the resilience of a financial institution is assessed, under different kind of hypothetical climate scenarios, is an emerging tool to assess climate-related financial risk. There will be no capitol or supervisory implications from the pilot.

In other words, they're just working with the big banks to monitor their ability to comply with the ruling class's preferred environmental status, technocratic tyranny. That's all they're doing.

STU: Nothing will come of it. No. They're just doing it for fun. Everyone loves to come up with a new algorithm for fun.

GLENN: Right. Because this is going to assist people.

This is going to help people.

STU: Helping. Yes. It's always helping.

GLENN: Okay. So you have that going for you.

So once they get this pilot program through, it's just going to sit on the shelf, and do nothing.

STU: Right. That's why every pilot program. When you -- like, for example, you create a new pilot for a situation comedy.

GLENN: Correct.

STU: You always know you're making one episode. And it's never going to be seen by anybody. You don't have a desire to get it on the air, so you can make millions and millions and millions of dollar. You just want to make that one pilot. And then put it on the shelf. You can tell your family about how you made a pilot once.

And that's the end of your story. You never want to go farther than that.

GLENN: Nope. Bank of America. Citigroup. Goldman Sachs. JPMorgan Chase. MorganStanley. And Wells Fargo. All part of the pilot program.

And that's going to begin early next year.

STU: So the pilot is being considered by ABC. NBC. CBS. Fox. HBO. Show time.

GLENN: Lifetime.

STU: Cinemax.

GLENN: All of it.

STU: They're all in. Netflix is there.

GLENN: Even the Sundance channel is interested.

STU: Sundance is in. You have Amazon prime.

GLENN: But it's never going to run. It's never going to run.

STU: No longer. It will just go right on the shelf.

GLENN: Right. So don't worry about it. They just are making sure they can -- and put this credit scoring system in, for social credit. Just to make sure that it would work.

Should they decide to ever do it.

STU: Which they won't. It's going on the shelf.

GLENN: Of course, they won't. That's a conspiracy, Stu.

STU: It is. Here's 25 speeches of all these people, describing how they want to implement this. But it's just a conspiracy theory.

GLENN: Right. Right. And anybody who, you know, looks at the words of the World Economic Forum. They're a conspiracy theorist.

For instance, I gave this news earlier, but I think it bears repeating.

During the World Economic Forum, anti-disinformation panel, last week, I United Nations representative, announced that they, quote, owned the science when it comes to climate informational. And their partnership with Google.

STU: That's kind of saying the quiet thing out loud, isn't it?

GLENN: Oh, I think so. Yeah.

But I don't think they think we're listening.

And I think they're kind of right. More people are listening. But more people have to listen. We are in a race to a wire finish.

Which one of us, is going to get our crap together, faster?

Because right now, they're panicking. Right now, if you see the World Economic Forum, they're like, so people that are starting to wake up.

And they might come with pitchforks and torches to our castles.

They're already starting to feel, you know, that the crowd is like, bring out the monster!

If that happens, they're in trouble. So they've got to move faster, and create more chaos.

I think, you know, if -- if we were playing a game of risk. Have you ever played with anybody like this?

You play a game like Risk. And all of a sudden, the tables turn.

You think you're winning. And the tables turn, and all of a sudden, you're losing.

And then that person, because they're a piece of crap. They just pick up the whole thing, and just throw it off -- you know, flip it off.

And all the pieces are on the ground. That's what I'm afraid that they might do. That they're like, oh, really?

Because chaos works in their favor. But don't worry, they've got things under control. Because people who like freedom of speech, they -- they've already -- the undersecretary general for the global communications at the UN, Melissa Fleming, said that she's already partnered. The UN has, with big tech companies, including, but not limited to TikTok and Google.

Well, those are little ones. She says, the Google search results, now prioritize what the UN wants to prioritize. And what the WEF wants to prioritize.

We've partnered with Google, for example, if you Google climate change, you will at the top of your search, the bet all kinds of UN resources.

We started this partnership, when we were shocked to see, that when we Googled climate change, we were getting incredibly distorted information, right at the top.

We're becoming much more proactive.

After all, we -- I'm quoting, we own the science.

And we think the world should know it. And the platforms themselves also do.

We also had a trusted messenger product. Project. Which was called Team Halo.

Where trained scientists around the world, and their doctors on TikTok. And we had TikTok working with us.

STU: Oh, wait. You had who? You had the Chinese Communist Party working with you? That's a real surprise.

GLENN: Yeah. No.

You're not distrusting are you?

STU: Of TikTok? No. No.

They're a great authority. Which is why, as a scientist, you should be bragging about your associations with TikTok.

GLENN: Right. Right. And then another key strategy they announced at the World Economic Forum, just last week was, we really have a key strategy to deploy influencers.

Influencers who are really keen and have huge followings. But really keen to help follow our message. That we're going to serve their communities. And they were much more trusted than the United Nations or WEF. Telling them something from New York City.

Oh. Okay. Well, that's really good. And one more thing. Reason number 471, just today, on why you cannot be silent.

Why you have to stand. An Ivy League biology professor is sounding the alarm, on how Critical Race Theory is erasing the meaning and even the existence of objective truth. From classrooms.

And teaching a generation of students, to treat the truth, fast and loose, in order to obtain what you want.

We're supposed to be training people like biologists, that will become doctors, to make us healthier.

Mechanical engineers that will build bridges or skyscrapers.

This is according to the professor at Cornell University School of Integrative Plant Science, Randy Wayne.

He told Fox in a phone interview this month, if they're all trained on a foundation, that there is no truth. Nobody wants to be operated on by such a surgeon.

Or drive over a bridge, made by such an engineer. And I'm afraid, that's where our universities have gone.

Training people to treat the truth, fast and loose, in order to obtain what you want.

And in the case of universities, what they want is called social justice. And they're willing to play fast and loose with the truth to get it.

STU: This is -- I mean, this goes back to what they were constantly doing when it comes to global warming. It's okay to exaggerate. It's okay to tell big stories. It's okay to minimize your uncertainty. Because you're serving a larger upon your here. So go ahead.

That's allowed. You know, what's -- they're -- there are -- there have been many terrorist groups, that have made these sorts of justifications, where they say, hey. I know we're supposed to be very dedicated to this particular about to do. But if you need to go to the strip club, to cover, you know, that you're an extremist --

GLENN: What faith is this?

STU: I don't have any -- again, this is just a very -- membership drive is going on now.

But, I mean, this is what people do all the time. Right?

When you want to justify something greater, you have all sorts of exceptions to your morals and principles you can make.

GLENN: Here's a great thing. Heard this phrase over the weekend.

That, you know, there's all kinds of new normals.

God doesn't have a new normal. He doesn't. He's not changing. We're changing.

We're changing what truth is. But truth hasn't changed.

So you need to either accept that, or get on board for a cruise ship, that is right straight from hell. You'll look at the Titanic and go, gee. I wish I would have boarded that ship.

Shocking train video: Passengers wait while woman bleeds out

Surveillance footage of the murder of Ukrainian refugee Iryna Zarutska in Charlotte, NC, reveals that the other passengers on the train took a long time to help her. Glenn, Stu, and Jason debate whether they were right or wrong to do so.

Transcript

Below is a rush transcript that may contain errors

GLENN: You know, I'm -- I'm torn on how I feel about the people on the train.

Because my first instinct is, they did nothing! They did nothing! Then my -- well, sit down and, you know -- you know, you're going to be judged. So be careful on judging others.

What would I have done? What would I want my wife to do in that situation?

STU: Yeah. Are those two different questions, by the way.

GLENN: Yeah, they are.

STU: I think they go far apart from each other. What would I want myself to do. I mean, it's tough to put yourself in a situation. It's very easy to watch a video on the internet and talk about your heroism. Everybody can do that very easily on Twitter. And everybody is.

You know, when you're in a vehicle that doesn't have an exit with a guy who just murdered somebody in front of you, and has a dripping blood off of a knife that's standing 10 feet away from you, 15 feet away from you.

There's probably a different standard there, that we should all kind of consider. And maybe give a little grace to what I saw at least was a woman, sitting across the -- the -- the aisle.

I think there is a difference there. But when you talk about that question. Those two questions are definitive.

You know, I know what I would want myself to do. I would hope I would act in a way that didn't completely embarrass myself afterward.

But I also think, when I'm thinking of my wife. My advice to my wife would not be to jump into the middle of that situation at all costs. She might do that anyway. She actually is a heck of a lot stronger than I am.

But she might do it anyway.

GLENN: How pathetic, but how true.

STU: Yes. But that would not be my advice to her.

GLENN: Uh-huh.

STU: Now, maybe once the guy has certainly -- is out of the area. And you don't think the moment you step into that situation. He will turn around and kill you too. Then, of course, obviously. Anything you can do to step in.

Not that there was much anyone on the train could do.

I mean, I don't think there was an outcome change, no matter what anyone on that train did.

Unfortunately.

But would I want her to step in?

Of course. If she felt she was safe, yes.

Think about, you said, your wife. Think about your daughter. Your daughter is on that train, just watching someone else getting murdered like that. Would you advise your daughter to jump into a situation like that?

That girl sitting across the aisle was somebody's daughter. I don't know, man.

JASON: I would. You know, as a dad, would I advise.

Hmm. No.

As a human being, would I hope that my daughter or my wife or that I would get up and at least comfort that woman while she's dying on the floor of a train?

Yeah.

I would hope that my daughter, my son, that I would -- and, you know, I have more confidence in my son or daughter or my wife doing something courageous more than I would.

But, you know, I think I have a more realistic picture of myself than anybody else.

And I'm not sure that -- I'm not sure what I would do in that situation. I know what I would hope I would do. But I also know what I fear I would do. But I would have hoped that I would have gotten up and at least tried to help her. You know, help her up off the floor. At least be there with her, as she's seeing her life, you know, spill out in under a minute.

And that's it other thing we have to keep in mind. This all happened so rapidly.

A minute is -- will seem like a very long period of time in that situation. But it's a very short period of time in real life.

STU: Yeah. You watch the video, Glenn. You know, I don't need the video to -- to change my -- my position on this.

But at his seem like there was a -- someone who did get there, eventually, to help, right? I saw someone seemingly trying to put pressure on her neck.

GLENN: Yeah. And tried to give her CPR.

STU: You know, no hope at that point. How long of a time period would you say that was?

Do you know off the top of your head?

GLENN: I don't know. I don't know. I know that we watched the video that I saw. I haven't seen past 30 seconds after she --

STU: Yeah.

GLENN: -- is down. And, you know, for 30 seconds nothing is happening. You know, that is -- that is not a very long period of time.

STU: Right.

GLENN: In reality.

STU: And especially, I saw the pace he was walking. He certainly can't be -- you know, he may have left the actual train car by 30 seconds to a minute. But he wasn't that far away. Like he was still in visual.

He could still turn around and look and see what's going on at that point. So certainly still a threat is my point. He has not, like, left the area. This is not that type of situation.

You know, I -- look, as you point out, I think if I could be super duper sexist for a moment here, sort of my dividing line might just be men and women.

You know, I don't know if it's that a -- you're not supposed to say that, I suppose these days. But, like, there is a difference there. If I'm a man, you know, I would be -- I would want my son to jump in on that, I suppose. I don't know if he could do anything about it. But you would expect at least a grown man to be able to go in there and do something about it. A woman, you know, I don't know.

Maybe I'm -- I hope --

GLENN: Here's the thing I -- here's the thing that I -- that causes me to say, no. You should have jumped in.

And that is, you know, you've already killed one person on the train. So you've proven that you're a killer. And anybody who would have screamed and got up and was with her, she's dying. She's dying. Get him. Get him.

Then the whole train is responsible for stopping that guy. You know. And if you don't stop him, after he's killed one person, if you're not all as members of that train, if you're not stopping him, you know, the person at the side of that girl would be the least likely to be killed. It would be the ones that are standing you up and trying to stop him from getting back to your daughter or your wife or you.

JASON: There was a -- speaking of men and women and their roles in this. There was a video circling social media yesterday. In Sweden. There was a group of officials up on a stage. And one of the main. I think it was health official woman collapses on stage. Completely passes out.

All the men kind of look away. Or I don't know if they're looking away. Or pretending that they didn't know what was going on. There was another woman standing directly behind the woman passed out.

Immediately springs into action. Jumps on top. Grabs her pant leg. Grabs her shoulder. Spins her over and starts providing care.

What did she have that the other guys did not? Or women?

She was a sheepdog. There is a -- this is my issue. And I completely agree with Stu. I completely agree with you. There's some people that do not respond this way. My issue is the proportion of sheepdogs versus people that don't really know how to act. That is diminishing in western society. And American society.

We see it all the time in these critical actions. I mean, circumstances.

There are men and women, and it's actually a meme. That fantasize about hoards of people coming to attack their home and family. And they sit there and say, I've got it. You guys go. I'm staying behind, while I smoke my cigarette and wait for the hoards to come, because I will sacrifice myself. There are men and women that fantasize of block my highway. Go ahead. Block my highway. I'm going to do something about it. They fantasize about someone holding up -- not a liquor store. A convenience store or something. Because they will step in and do something. My issue now is that proportion of sheepdogs in society is disappearing. Just on statistical fact, there should be one within that train car, and there were none.

STU: Yeah. I mean --

JASON: They did not respond.

STU: We see what happens when they do, with Daniel Penny. Our society tries to vilify them and crush their existence. Now, there weren't that many people on that train. Right?

At least on that car. At least it's limited. I only saw three or four people there, there may have been more. I agree with you, though. Like, you see what happens when we actually do have a really recent example of someone doing exactly what Jason wants and what I would want a guy to do. Especially a marine to step up and stop this from happening. And the man was dragged by our legal system to a position where he nearly had to spend the rest of his life in prison.

I mean, I -- it's insanity. Thankfully, they came to their senses on that one.

GLENN: Well, the difference between that one and this one though is that the guy was threatening. This one, he killed somebody.

STU: Yeah. Right. Well, but -- I think -- but it's the opposite way. The debate with Penny, was should he have recognize that had this person might have just been crazy and not done anything?

Maybe. He hadn't actually acted yet. He was just saying things.

GLENN: Yeah. Well --

STU: He didn't wind up stabbing someone. This is a situation where these people have already seen what this man will do to you, even when you don't do anything to try to stop him. So if this woman, who is, again, looks to be an average American woman.

Across the aisle. Steps in and tries to do something. This guy could easily turn around and just make another pile of dead bodies next to the one that already exists.

And, you know, whether that is an optimal solution for our society, I don't know that that's helpful.

In that situation.

THE GLENN BECK PODCAST

Max Lucado on Overcoming Grief in Dark Times | The Glenn Beck Podcast | Ep 266

Disclaimer: This episode was filmed prior to the assassination of Charlie Kirk. But Glenn believes Max's message is needed now more than ever.
The political world is divided, constantly at war with itself. In many ways, our own lives are not much different. Why do we constantly focus on the negative? Why are we in pain? Where is God amid our anxiety and fear? Why can’t we ever seem to change? Pastor Max Lucado has found the solution: Stop thinking like that! It may seem easier said than done, but Max joins Glenn Beck to unpack the three tools he describes in his new book, “Tame Your Thoughts,” that make it easy for us to reset the way we think back to God’s factory settings. In this much-needed conversation, Max and Glenn tackle everything from feeling doubt as a parent to facing unfair hardships to ... UFOs?! Plus, Max shares what he recently got tattooed on his arm.

THE GLENN BECK PODCAST

Are Demonic Forces to Blame for Charlie Kirk, Minnesota & Charlotte Killings?

This week has seen some of the most heinous actions in recent memory. Glenn has been discussing the growth of evil in our society, and with the assassination of civil rights leader Charlie Kirk, the recent transgender shooter who took the lives of two children at a Catholic school, and the murder of Ukrainian refugee Iryna Zarutska, how can we make sense of all this evil? On today's Friday Exclusive, Glenn speaks with BlazeTV host of "Strange Encounters" Rick Burgess to discuss the demon-possessed transgender shooter and the horrific assassination of Charlie Kirk. Rick breaks down the reality of demon possession and how individuals wind up possessed. Rick and Glenn also discuss the dangers of the grotesque things we see online and in movies, TV shows, and video games on a daily basis. Rick warns that when we allow our minds to be altered by substances like drugs or alcohol, it opens a door for the enemy to take control. A supernatural war is waging in our society, and it’s a Christian’s job to fight this war. Glenn and Rick remind Christians of what their first citizenship is.