Glenn Beck - The Inconvenient Debt! The Federal Reserve and Inflation - 01-29-09

[benchfordeath]

HR 459 and S 202 AUDIT THE FED, get that crook Bernanke behind bars.

[virtualpilot45]

If you're concerned about the enormous inflation and government bailout packages to selected banks, look up Ron Paul.

[crazynerd1986]

Socialism does not destroy America. Hyperinflation is a result of capitalism, which is the exact opposite of socialism. Read the economic theories...we can all get out of debt and end poverty if we abandon capitlism.

[TheSuperImmortalKing]

@crazynerd1986 How is hyperinflation capitalism, when the money is created via the federal government and not socialism? Banks are centrally planned. They are in no way capitalistic in nature.

[crazynerd1986]

@TheSuperImmortalKing Hyperinflation is a result of capitalism. Capitalism's main goal is to continue to expand (supply and demand must grow). when it does not, we have a recession. a temporary band-aid on a recession is hyperinflation to ensure that enough money remains in circulation, however, the value is destroyed. the problem of the recession only seems to be under control on the surface...hence that money is still switching hands and floating around. but underneath, it is only an illusion.

[TheSuperImmortalKing]

@crazynerd1986

Increasing in growth domestic product =/= inflation.

(dP/P)/dt = (dM/M)/dt + (dV/V)/dt -(dQ/Q)/dt. P = prices, M = money, V = velocity of money, Q = real value of goods and services. In order for inflation to occur, the monetary supply must expand, which is a GOVERNMENT, socialism function.

[TheSuperImmortalKing]

@TheSuperImmortalKing Also, please tell me how hyperinflation can occur in a capitalist society without fiat money? You have yet to show where the money supply comes from.

History shows that central banks and government controlled money creates hyperinflation.

[crazynerd1986]

@TheSuperImmortalKing No, socialism is not about the government. Socialism places the power in the hands of the people. Our pseudo-democracy is not real power. Our government and banking corporations have the power currently. Socialism's goal is to give people the power in making decisions and sharing wealth with all, not just a select few of elites. You have been brainwashed by our government, they want you to believe that socialism is evil and will take away your freedom.

[TheSuperImmortalKing]

@crazynerd1986 lulz. It's amazing how you never refuted a single thing I said about hyperinflation. As, for socialism is about 'power to the people', how exactly do you do this? In socialism, private property,or at least the means of production is not owned by individuals, but 'society'. And how well society figure out what to organize the means of property? Essential a government must solve the dilemma. Lulz at being brainwashed.

[crazynerd1986]

@TheSuperImmortalKing I did not comment on your statistical formula of your description of hyperinflation because it means nothing. The point is that the rise and fall of monetary value is directly linked to the waves of the market, which is a part of capitalism. By getting rid of capitalism, value would remain contant. Socialism eliminates the need for profit, which maintains a steady and balanced self-sustainable economy. No more worries about money and value fluctuations.

[TheSuperImmortalKing]

@crazynerd1986 the fact that you thought it was a statistical formula just proves that your a moron and that your not even worth wasting my time with.

Lulz at value remaining "contant" (I assume you mean costant). Value is subjective. The value of an item is based on one's subjective value of it, not monteary base. Something worth millions can have no value to me. Something worth nothing can be very valuable to me.

[crazynerd1986]

@TheSuperImmortalKing So is the debate about who is a moron or what economic system would serve the society better? I thought we lost track of that. The main point is that we are being taken advantage of by being forced to pay taxes into things that we have no say in. That money is used to bail out major corporations. In a socialist society, we the people would decide where the taxes go. Instead of bank bail-outs, we can put money into raising the standard of living for those who suffer.

[heartlessvietboy]

Inconvenient Truth is a Lie!!

[rumdigittyrum]

What a boss

[izlude2]

Hahaha, GB attempts AJ! I wish he would always tell the truth without twisting it up. He'd make a great ally. GLEN BECK, DUMP FOX NEWS AND START A PRIVATE BROADCAST!!!

[tommytalks77]

People watching this should understand that Glenn Beck is a dishonest lier that will say and do anything to keep the brainwashed audience of Fox channel watching his insanely absurd and dumb show.

He himself does not believe the non-sense he spews, much like christian preachers like Ted haggard that do not believe in god or the lies of the bible tells but use them anyway FOR FINANCIAL PROFIT.

Please people, educate yourself and open your eyes...

Peace

[heartlessvietboy]

The Day "The Currency" Died. 

[just4funzees]

Glenn Beck. LOL

He means well.

[sandra301283]

Has you income increased by 16 percent?

"Congress members' personal wealth grew 16% amid downturn, study shows" is the name of the article in the Washington. Write to you Congressperson demanding to know who they are really representing and ask Glenn Beck to do a special on this issue!

[heartlessvietboy]

The Great Depression was a Lie.

[Playboysmurf1]

As much as I hate Fox News and the irritations of Glenn Beck but this video is more truth than most can take.

[custer264]

Beck crazy! he asks questions. Is he allowed to do that?

[custer264]

American wars eliminate tyrants. that's good

Legislation to stop fake man - made climate change eliminate your liberty, and mine - that's bad.

Consumers ( at least those who vote Republican) are smart enough to choose their own light bulbs and not have their thermostats controlled by the government.

I mean

[keynesian42]

@custer264 Wow! Have we made enough progress in both Iraq and Afghanistan to justify the trillions of dollars that we have spent on both wars? Yes, trillions, not billions.

[custer264]

Deficits don't matter if their is a decent constitutional steward keeping an eye on things.

Wars (emergencies) are a good reason to deficit spend because they stabilize the future against tyrants and we can go on creating wealth in peace. Allowing us to out grow the deficit.

Deficit spending to cover an unyielding list of government programs which have been proven to cost more than they produce is a problem.

"living and breathing document" = a bad steward.

[AtlasShruggery]

"I don't worry about the deficit" - Ronald Reagan

"Reagan taught us deficits don't matter" - Dick Cheney

[eldictator1]

Four of the top ten compaies in the world are petroleum, yet they still perpetuate this myth about greedy scientist's. The truth being u.s funding has decreased

[clarkcolt45]

banks are in fact still lending at low interest, there's no deflation only pure inflation

[Phirstri]

read an economics for morons book, if you can begin to comprehend it you will find that you, along with this douchebag couldn't be more idiotic.

[fatmofo13]

the federal reserve doesn't even print money...

[ghahandi]

I'n not a Beck fan...however he makes a compelling point here.

[capncrumble]

the unlabeled chart is the "Adjusted Monetary Base and Reserves," a balance sheet for the Fed. The "hockey stick" isn't from the treasury printing money, but it is from the Fed giving interest to banks for lending money back to them. Banks are going to be putting money where it is safe, the government, rather than lending money to consumers in an uneasy economy. The only inconvenience are the talk show hosts who can't count past 20. He should stick to what he was good at, being an alcoholic.

[bdarnell1966]

Why were these guys not worried about the debt when Bush was in office. Didn't it go from like 1.5 trillion to 12 trillion under his watch. Granted Obama is doing the same but why start the crying now unless its just politics as usual. I personally think if the economy will make a turn we will be okay. we are in some trouble if it doesnt. Im calling it a 50 50 shot right now.

[WillZachPass2012]

glenn called out bush to when he spent to much

[eldictator1]

Yeah I he spent a trillion dollars on a war on Iraq, the evidence turned out to be wrong and hundreds of thousands of lives were lost, The evidence turns out to be wrong for climate change, and we're left with a more sustainable planet

[thewhizkid1]

If anything, we should be a lot more worried about deflation and how falling prices could make it harder to get the economy moving quickly again. We should actually want controlled inflationary policies to combat deflationary risk...

[thewhizkid1]

Anyone who has taken a monetary economics course knows that the money supply equation is Currency + 1/rr (Non-borrowed Reserves + Borrowed Reserves - Excess Reserves). Increasing currency in circulation has the effect of DECREASING money supply because the deposit component of currency (in NBR) falls by more than the currency component. He should argue that Borrowed Reserves has increased dramatically, but since Banks aren't lending, ER is HIGH and money supply has actually remained level.

[Graham6762]

lol look how big the screen is it cant be wrong

[Gorecarbonconman]

I think they also call it quantative easing!

It sure didn't work for Mr Mugabe but desperate politicians will do almost anything for a quick fix and we pay for it later, like the Global Warming con.

[MyImago]

The FED is the root of all evil. Call your Represenative have them co-sponsor Ron Pauls Bill HR 1207 Transparancy of the FED.

[fox20012]

what chart can you watch to show this money becoming inflation? Is there one on shadow stats, is it the cpi?

[MustacheVerra]

Beck is getting better.

[fox20012]

I read a lot of comments saying u cant trust him buts from what ive seen hes like a peter shiff, some lol

[November302008]

If they are printing more money where is it going ? I have not seen any of it.

[MetalOliver]

CHIfuckinNA

[feverblistery]

Exactly. All treasury bonds are sold to foreign investors or the Fed itself. The scarier thing is that this inflation is based on conservative figures as the actual amount of currency in circulation is known only by the unnamed criminals inside the Fed.

[dustynuts17]

Obama is their pawn u idiot look at what he's doing he's no better than them. JFK got shot for calling out secret societies publicly, by saying americans had the rug pulled up over their eyes by these secret institutions. Still told the truth n got shot for it but do some history bud.

[johnnystorm666]

They manufacured the wars to initiate the monetary system! Go back to gold or silver like Kennedy got shot for! Barrack Obama needs to go on TV and say to the American people "This is what we are doing and if anything happens to me- this is why! Evil fucking Banksters!

[feverblistery]

As soon as those words came out of his mouth, the feed would be pulled.

[samson5791]

Deficit spending against the gold standard first occured with fdr's new deal to stimulate the economy, it did not begin with Nixon

[Mediterraneanblue9]

Go look at the hockey curve. I have every listed year for government spending, so I no what I'm talking about. from 1976 to 1971 the IUnited states only managed to tally up a national debt of of 300 billion, since then the National debt has 12 trillion. FDR's government spending was 25-45% of the nat debt, while reagan/Bush1 gov. spending was between 50-70% of national debt. Have to remember when FDR was in office macroeconomics was a relatively new science, so it was trial and error for him

[samson5791]

I was speaking in reference to the gold standard, the nation's "gold standard" depletion first started under FDR , not Nixon...that was my point.  I already understand the facts you cited.

[samson5791]

The reaon I pointed that out is because, The video gives the impression that it (deficit spending) was started under Nixon..it was not, ever since the GD..

[Mediterraneanblue9]

We had a government defivcit since 1776

[samson5791]

yea damn democrats! lol

[TheWB28]

yes, thanks to alexander hamilton. he understood the power of a debt based economy so long as the government was printing the money based on the needs of the people.

"All the perplexities, confusion and distress in America rise, not from defects in the Constitution or Confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation." -john adams

[Mediterraneanblue9]

"Patriotic duty to go spend," nice to see Beck quote Dubya.

[Locke1217]

The presidents job is to serve the corporations. That's how they get elected; the people are told who to vote for by our propaganda "news" stations.

[odinata]

How much money did the Heritage Foundation put you on the air?

[isthatfunny]

Glenn is starting to put his ass on the line.the only hockey stick that Al Gore knows about was Slick Willey's....This is education of real value.How many 5th graders know this stuff?

[kirtrevans]

most of us are so brainwashed to not even see this coming and what is really going on ........I mean at least we can all realize that money value has nothing to do with y we are human trust me nature will take its course and humble all

[infopatriot]

Thank you Mr. Beck. I just wish you would have woke up sooner whenRon Paul was warning us of this. Oh well, I guess better late than never. Buckle yourselevs in people, hyper-inflation is on the way. It might not seem like it now, but just wait when all those trillions of dollars work its way down the system.

[Gaobdgao]

search for Global Imbalance - An imminent Dollar Crisis in google...

watch what the world is doing to get out of this system...

[TheGoodnessIsGood]

Anyone notice that when you say EVOL it is like EVIL? If you try to Reverse LOVE it says EVOL. But if you combine EVOL + LOVE you get EVOLLOVE or EVOLVE. Nice!

[rockman22]

KEEP TALKING, NEVER SHUT UP, TELL YOUR FRIENDS AND FAMILY WHATS GOING ON IF YOU ARE ONE OF THE FEW WHO UNDERSTAND.

The Revolution will not be televised.

Those who have the privilege to know have the duty to act.

[CurtHowland]

But Glen, it HAS been done before.

The Continental. The GreenBack. Indonesia, Argentina, Zimbabwe, Germany 1923.

In fact, every fiat currency eventually collapses due to inflation.

[vdonkey2]

Notice the language : "How much money WE'RE printing at the Federal Reserve"..."how many dollars are WE...." WE...WE...WE....what do I or YOU have to do with the Federal Reserve printing money??? love the propaganda.

[lizolivit]

Propaganda? RP phrases it in the same way, and he certainly doesn't fault the American people. I seriously doubt it's intentional.

[germanicelt]

Oh, and the money that the Federal Reserve withdrew from 1929 to 1933 was used to rebuild Germany and fund the Nazi party to power. Anybody fell like storming the Fed and kicking out all the traitors? Cause you should.

[germanicelt]

........and are using that as a veil to create this huge economic contraction going on now. Notice how they call this a 'credit crunch' well that is partly true, but ask yourself how is credit being restricted when they are printing so much money for the bailout (about 8.5 trillion now). Well this private banksters are using the money to give to their own banks so that they can buy up other banks, and freeze credit. So basically their are borrowing our money to use against us.

[germanicelt]

Some of the info he gives is bull. He doesn't mention that the Federal Reserve is a private corporation, so it is run like any other business - to make money. It came into being illegally in 1913. The 1929 crash that was caused by the Owners was used as a veil to withdraw one third of money out of circulation till 1933. Beck didn't show that. That credit withdrawal is what made the depression. The Fed is just doing the same thing now. They caused the problem with the subprime mortgages.........

[lizolivit]

It's a slow process y' know. Beck doesn't have all his information, but he's wakin up to it gradually. He's one of the only guys to openly talk about the NWO on-air. At least one of the Faux News icons is actually starting to get it and report something.

[freedomnow2012]

This coming from Fox, have they opened there eyes?

[juserphx]

"Rather go to bed hungry than wake up in debt" -Ben Franklin

Some of us have restraint and some of us do not; our 'duly elected representatives' like to spend money by the billions per hour, how is an individual ever to decide for himself to not incur foreign debt? His hijacked government is doing it for him~~

[juserphx]

Campaign For Liberty~ We are being robbed here! A great system of debt, the gov't is pwned~~

[R0CC08U775734k]

sending this to my mom.

thanks rob.

[2012Ronpaul2012]

Glenn you shouldnt have taken Shots at America's last statesman, Ron Paul, while he was running for the presidency.... What can I say? You made your bed, now LAY IN IT!

[iveizruplja]

So Obama is Jesus? Well thats great.

But i'm sorry to inform you dumbfuckingstans that

even God won't save you from greedy banks and your ineptitude.

[alkatifa04]

Actually never quite got it bout the Al Gore thing....was he really lying bout the data or what?

[narutofan1108]

Yes, kinda

[germanicelt]

Yes Al Gore is a liar. Global warming by CO2 is an economic issue. The same elites that own the Federal Reserve have cooked it up so that they can collect a global tax and gain even more control.

[alkatifa04]

Yeah it could be...but Gore never did strike me as one of those guys. Actually seeing him run against W in 2K kinda made me cheer for him. But u could b right and it is getting increasingly hard to tell if that global warming thing is real or not....

[germanicelt]

Believe me, man made global warming is a hoax by the 'owners' of the western world. They have had control of the media for a long time and they just use it to beat us over the head with their agenda.

When your toast gets burnt, you don't blame the bread, right. You blame the toaster.

It's all coming from the sun.

[alkatifa04]

No doubt mate, we're in the same page here. Yet I always thought that Al Gore and the people defending global warming were kinda minority and the ones trying to convince the rest of the world. Now seems that it all came backwards.

[xKENNY1997x]

chill out, change is here, its a new era. have hope, keep faith, and believe, obamas here ans yes we can! yes we can!

[serratusPI]

yeah, Obama is here! And he just proposed an $800 billion spending bill. That sure is hope and change. Yes we can...become socialists. Yes we can...create hyperinflation. Yes we can...destroy America. Wake up people!

[69erstud]

@serratusPI During Reaganomics, the deficit tripled to an equivalent of $6 Trillion of today's money. W. Bush wiped out a surplus & set up a deficit that would not have been solved by whomever took office next. Liberal left would have blamed McCain for the same things that Obama's reaction to what Bush had already been doing, trying to stimulate an economy that the private sector can no longer control. This GB segment was aired not even 10 days since Obama took office.

[serratusPI]

@69erstud The argument of who would have done what in the same situation is completely hypothetical and a moot point. I don't care what you think McCain would've done. The idealogy of being able to tax and spend our way to prosperity is a lie and it has been disproven many times over in history.  I don't care who is initiating these failed policies, but since it is currently Obama's regime calling the shots, he deserves to take the blame for destroying the economy.

[69erstud]

@serratusPI Government spending FOR it's workers AND small businesses is the way to go. I have history & political economics on my side. Obama can't take full responsibility if the economy is destroyed. Under the Bush admin, US spent trillion+ in the wars and defense w/o plans to generate revenue. Historically, when US has been at war, we had progressive tax rates. The fools who think that "freedom is free" means -to quote bush- "go shopping more" ... learn history & economics then reply.

[XWIREDX]

You've got to be kidding me, Right? You know Hitler was elected to. He also was estemed for change and had lots of youth social programs. NO ONE SHOULD ESTEEM ANY POLITICIAN!!!! ANY!!!!! and I'm probably going to be one! ANY!!!!!!!!! please wake up...learn about "Fractional Reserve Banking..Please! From one american to another please learn what this system of monetary policy contributes to civilizations! If you do one thing for the next month learn about our banking system. ty

[john1230]

Where do you think Obama got these $825 billion from?

It come right from the printing press.

They're making overtime now.

It might be the only company which have enough orders right now.

[tbackes]

i cant wait to see the market crash, im ready :food,cigs,dog food,booze, and then the tools plenty of tools. when the fat cats are groveling and pissing and moaning i will laugh so hard i'll be rolling in my own shit...blue collar job owners raise your rates on the rich 25 percent like they do.

[germanicelt]

You don't seem to understand. Recessions are engineered by the ones who have a monopoly on a countries money. Since it has been in the hands of private individuals since 1913 (Federal Reserve) they actually become richer out of an economic meltdown because the wealth is not lost, but rather transfered to them. Watch a documentary called 'The Money Masters'. That'll teach you all about it.

[tbackes]

oh but i do understand, theres something crazy getting ready to happen.

[germanicelt]

Some guru trader I know , who predicted in 2005 that they would be a major sell off in July 2007, has said that the market will suffer another major sell off in September. I'm going to watch out with shorts and puts.

[whippoorwillss]

I am going to run out right now and buy a pot. so, atlest I'll have something to piss in!

[elihssan1111]

illuminati channel,,FOX

00

[motonegros]

If Glenn's got something worth seeing, I'll see it here on YT.

Fuck Faux, they're the ones that cheerleaded this mess to begin with.

[officialusa]

you know the sh*t has hit the fan when faux starts reporting news.

[PaulGrantDesigns]

@officialusa This is like Darth Vader turning on the Emporer

[PaulGrantDesigns]

@officialusa This is like Darth Vader turning on the Emperor

[EMPIRE0FLIES]

We have guns. How else would the fed bankers bring us to our knees.

[Squirelbutt]

take away your property thats how.

[AwakenSafely]

thanks for posting this. I NEVER watch the news channels (not even Glen Beck), but this is good stuff....

[downwindspiral]

glenn beck has a heellava studio and i love the vesica pisces desk.