BlazeTV's Economic War Room host, Kevin Freeman, explains to Glenn and Stu why China and Russia's involvement in the US economy is becoming more and more concerning. Not only are nations like China investing millions of dollars into American companies, but now nations are banding together to virtually create an alternative economic system from the one used in the West. So, if China wants to pull the plug on our system, they can. Meanwhile, at home, the Fed keeps bailing out the banks in levels not seen since before the 2008 recession. We don't know exactly what's causing it, but surely there's a stress on our financial and banking system, and one analyst for JP Morgan said as the year comes to an end, the situation will likely get much worse before it gets better.
Glenn discusses the current state of the economy with author of "Zero Hour," Harry Dent. He says the federal reserve is still funding big banks daily to increase their excess reserve, signaling that something is wrong with the system. Dent says the banks printed money back in the 1930s to climb out of the Great Depression, which only created an aftershock that was even worse. Banks and the Fed are doing the same thing today, so will the coming economic crisis be worse than the 2008 recession? Economist Dent says it's possible, and that it could come as early as 2020.
Glenn says there's an important lesson we can all learn looking back on the Bill Clinton and Monica Lewinsky scandal: corruption should matter, no matter which political party is to blame. So why are Democrats and the media trying desperately to shame President Trump for alleged corrupt action, but ignoring Joe Biden's clear intention to help his son, Hunter, profit through foreign policy in the Ukraine? How do we fix such a double standard?
During a campaign stop in Aurora, Colorado recently, a woman named Lauren Boebert confronted Beto O'Rourke about his recent statement that "hell yes" certain guns — like the AR 15 — would be confiscated during his presidency. Boebert said "Hell No," then explained to Beto why a gun confiscation will done nothing good for the safety of America.
Never forget the lives lost on September 11th, 2001. We give tribute to the nearly three thousand people murdered on 9/11 -- whether inside the World Trade Center, the brave men and women who ran towards the danger, or aboard the four planes. And we remember the millions of Americans who stood together in the days after.