@InhabitantOfGalaxy LMAO, if only you knew how stupid your comment was. The rest of the world will take loses and replace USD with a sound currency, get back to gold standard maybe, leaving you Americans in a BIBLICAL poverty. In fact, it had already begun. Google it.
LMFAO, you just made my day. Haven't seen this level of incompetence and sheer stupidity in months.
OMG, I'll be laughing like a drain for the rest of the day. You Americans are such idiots, it beggars belief. (Most of you)
This information is correct. Under Obama's federal budget projections the national budget will double in the next nine years. Also out of every dollar of governement revenue in 2020 only 8 cents will go towards discretionary spending. The other 92 cents will go to social security, medicare, and interest.
Go to CNN.Money and look up Running the government on 8 cents.
This info. is backed up by a lot of people and "real" evidence. Listen to Gerald Celente of the Trends Research Institute. Start stocking up on food staples and BUY GOLD OR SILVER. The writing is on the wall folks, the gig is up-the whole shit is about to crash.
just because fox news is a load of bullshit propaganda doesn't mean every single thing they say about everything is incorrect. the more money you print and put into circulation, the more inflation goes up. and the US is printing money like never before...
The graph is nonsense. Increases in the money supply are exponential. That is, Twice one makes 2. That won't show up on the graph. Twice 500 makes 1,000. That will show up on the graph. That they are exactly the same result shows the graph to be highly misleading. Better it would be to use exponents for the y axis ... say 2, 4, 8, 16, 32, 64, 128, 256, 512, 1024, 2048, 4096 and so forth... it would provide an accurate picture.
You insure with gold . Insurance in the event that continued stimulus spending
does pump up the economy beyond the production cabability of the economic base. the result will be gold at $ 1400 plus . The overheated U.S. and China and India will lift oil to triple digits and that - like a tax - will really harm the economy .
Extremely deceptive graph, look at the scale. It starts at negative 500 which is meaningless and then zero is the next line up. For most of last century the scale is too close to zero to see what's happening. Most of the graph resembles an exponential curve which is what you get with CONSTANT inflation.
A tiny rise in the lower portion of the graph could be a huge increase in money, but you can't tell and it looks small on this scale.
it's not bad for the children, it's bad for the people who worked for money and now have no security. it did happen before,Germany, Zimbabw. This never happened to america in 2010 before but whatever. This guy works for the evil ones.
Assignats were paper money issued by the National Assembly in France during the French Revolution. The assignats were issued after the confiscation of church properties in 1790 because the government was bankrupt. The government thought that the financial problems could be solved by printing certificates representing the value of church properties. These church lands became known as biens nationaux. Assignats were used to successfully retire a significant portion of the national debt .
As a Christian I have no duty to allow myself to be cheated, but I have the duty to be a fighter for truth and justice. ...And if there is anything which could demonstrate that we are acting rightly, it is the distress that daily grows. For as a Christian I have also a duty to my own people -Adolf Hitler
Oh! I'm sorry, did some of republicans give me a thumbs down because you didn't like my comment. Once again I say WAKE UP! The bush government didn't keep an eye on it's big companies and waged a war on at least two fronts. Where do you think the money went?
@ptango101 thats correct, Bush was a progressive. Obama is past progressive, he is a socialist and has put us further into debt. He has far surpassed Bush in wastefull spending his first few weeks.
I don't think the ridiculous right has earned the right to attack this government yet. The democrats inherited this mess from the republicans. Obama hasn't even been in office for a year yet and you have the balls to blame this on his party. WAKE UP!!!!!
guys like aquaiz astound me. Obama has only been president for a year or so, but the economic crash is his fault. He inherited the bush government's piss poor economic management. America was in deep shit before the elections. Guys like Hannity and Orielly piss and moan about the money he's spending but will not comment on the previous governments spending that got the world into this crappy situation.
Go to the about or wikipedia websites and search for US politics gross federal debt, and you'll see how ironically the debt has skyrocketted during Republican presidencies.
Reagan raised the national debt by 3.5 trillion dollars. George Bush senior raised the national debt by 2.5 trillion dollars, and George W. Bush raised the national debt by 5.6 trillion dollars.
Looks like it's the Republicans' fault we are in this mess.
wow! where do you get your numbers? do they offer horoscopes and a psychic hot line on your source sites too? you are a what the commies call a useful idiot.
This comment has received too many negative votesshow
This Bull , who the Hell made this Graphs, he is retarded pur and simple. Take all the bailout money out and the Graphs moves nowhere, and BTW bailout money aint free it is against assets and for an interest, in other words the Feds (not the President) are creating money from nothing, smart isn't it. That is called economics 101. Beck is a douche bag.
I hate to tell you, but Beck was right on. Laffler released a graph on WSJ today that backs up Glens info. Just because you are a koolaid drinking 'Bama supporter, doesn't mean the collapse isn't coming...
To more closely parallel Al Gore's giant graph where he had levels os carbon and global temperature, I would have had the monetary base monetary supply and rate of inflation. Those three tend to move in concert and showing the very rapid, perhpas reckless growth of the Monetary Base, the giant graph could have shown how there is a huge risk of inflation eventually being pulled up just like the spike in the monetray base is spiking due to various actions by the Fed.
Glen Beck is controlled opposition. He denies that FEMA camps exist and he also insulted the 9/11 families. You can research both of these and find out that they are true. He is paid off by the corporate interests to gather peoples attention. Keep an open mind and research this stuff. Thanks. Peace.
Right, but what i mean when "you loan, i pay" it should be, here is x amount of dollars, you pay me this every month at this rate. Simpl problem, simple solution. But we cant do that! We have to be complicated and micromanage everything! Simplicty is the key to all of our problems...if people use that thing above thei shoulders and think, you'd be amazed what you can accomplish. Im not disagreeing, but god damn, banks and buisnesses alike need to use their noggin. This is their undoing.
Agreed. There is too much money circulating that is unneeded. College teaches you this in basic economics. You can't dilute the system this way. It kills the economy.
Our problems are the result of making too many bad loans. That happened because the assets the bank is lending do not belong to the bankers themselves. The fix is to ensure that the directors of the bank are lending their own money--they need to own a controlling interest in the banks equity. This is probably the only way to guarantee they will loan responsibly. Their personal assets must be on the line as well because OUR personal assets are the ultimate guarantor of our banking system.
Loaning with money you don't really have, that sounds alot like buying on margins, and probably more dangerous. And i think we all know where that got us.
I'm advocating a simpler system that any average joe would understand. If you ask someone on the street to explain the reserve system you'll probably get blank stares.
It should be taught, I havent learned it yet but i take econ next year so... But even watching all the news I do, I still dont know much. I think simpler is better. As the complexity increases, there are more possible fail points.
I think primary education should begin with econ. I'm trying to design a site to lure kids into mapping their local economy as a way to make money. We are complex and yet very robust so it can't be complexity per se. The problem is that we haven't mastered the art of using complexity as cleverly as natural selection has. Perhaps the problem is that we're trying to design things deliberately rather than let them evolve themselves. Then again, that may be what we're doing in a roundabout way.
I think the evolution of simple concepts is the way to go. Using simple logic you can predict where it is heading and let it be, or maneuver to aviod it. If we make things to abstract and complicated, they tend to fizzle themselves out.
z(n+1) = z(n)^2 + c is a pretty simple equation yet somehow captures all of the complexity of the Mandelbrot set. Steven Wolfram's 'A New Kind Of Science' is on it. Starting very simply is no guarantee it will stay that way. Murphy's law seems to form an impenetrable barrier between reality and the models we can construct to represent that reality in our minds. Hence it isn't really a fair competition since we don't get to see the real world we must design for while nature sees nothing else.
Murphy's law is exactly right. I'm in an engineering class and I am always told, the simpler the better, less moving parts = less points of failure. You also have to take Darwin's thoery into account, if we look back its always been the simpler adaptations that survive.
I think engineering is going to change most as we move from trying to design things with brute force to finding clever ways to evolve products by developing software that models the "real" world well enough to test them, and then allow virtual designs to evolve in that environment until one meets the spec.
How can you be so ignorant of all of the money your friendly American goverment is pumping into the system? That is actual data compiled into a graph. How can you bias that?
I know it to be sophistry. Do you understand how fractional reserve banking works? Do you want the government to sit back and let thousands of firms go belly up because the banking system can no longer provide the short term loans they need to continue to function? Beck is completely full of shit. The money he's talking about isn't in the economy--it's in the bank taking place of the value lost on their mortgage portfolios. It doesn't go anywhere--it must be there or they must fold. Get it?
What ever happened to, i'll loan you money you pay me back? We dont need all this complicated monetary BS that every bank is trying to pull. As for the banks, thats their own damn fault. Look at all these smaller banks that didn't fail, thats because they did the right thing by not listening to the goverment. What a concept.
"i'll loan you money you pay me back" is what creates new money because the guy with the loan can't really do anything with it except deposit it in another bank. The bank making the loan actually has slightly more assets afterwards than it did before (at least the loan fee, and possibly all of part of the loan itself.) The government can't print money without matching it with debt. When the banks no longer need the capital the gov pumped into them the gov can take it out to retire that debt.
Actually, the government can print as much money as it wants as there is no gold standard. Our money is only worth as much as the government says it is. That's what caused the German economy to crash years ago, and it's what caused out of control inflation in Zimbabwe.
"Bury your food and grab your cash, the computers are going down!" OMG Glenn Beck is too hilarious. But, seriously this show that the U.S. government is fantastically and disgustingly inept. Girl Scouts selling cookies outside a Jenny Craig have better economic policy!
It seems to me the the economy started to tank in 2006, as soon as the Democrats took over Congress. Bush made some big mistakes, no doubt. Obama is hitting the grand master king lord god of all mistakes.
All the money that's just been "printed" (loaned) is money that the economy had been pretending actually existed, thanks to the lax oversight of conservatives and DINOs. The Federal Reserve Bank is supposed to stabilize inflation and prevent deflation. If it didn't expand the money supply to compensate for all the lost value, we would be in a deflationary spiral right now and it would be Great Depression time all over again.
Two places where the answer isn't: Big Government or Global Corporate greed.
Look at the genocidal history of big government. Mao (60,000,000), Stalin (20,000,000), Hitler (11,000,000), Polpot, Idi Amin, etc., etc. We fall for this Socialist Utopian again and we are fools!!!!! The politicians will own us. We will be enslaved!
If we fall for neocon Global Corporations, all our jobs and manufacturing will be shipped overseas. Only executives will benefit. We will be enslaved!
I agree with your comment and report. I hope our future still holds on with prosperous possibilities, in making our life economic situation much better, due to the awareness of the problems we have caused to this world generations, that our future children might have a chance to be again in a safe peaceful world. Ty
Keep in mind the date that this video was made.......Obama hadn't even found a secretary of the treasury that was willing to attempt to clean up this nightmare. Hard to blame these things on either administration when it happens on the cusp of the inauguration.
So what do we learn from this video that we already haven't heard a hundred times over? Way to recycle, Glenn. A lot of hand wringing and criticizing while offering no real solutions! Typical!
Bush was not a Conservative Republican. Anything but. He was a big government spender. The person who called him a Conservative Republican obviously knows little about politics and has a bizarre fetish with Bush.
Big Government is our problem. Whether you put a Dem or Rep name on it. Bush started it with Paulson and Obama is taking to a whole new Socialist level.
The economy can not handle what Congress and Obama want to do. The Dow is now at 6700. Cut government or it's over!
i agree bush not conservative, but republican none the less. this economic issue can not be solved by one party or the other, they are both taking it to the extreame and both ways are polar opposites that will never work on either side. the solution is in the middle ground that's how we came back for the last depression by creating industry jobs. that way middle class has jobs and upper class has business. we need to start taxing imported goods so co. move opportations back to the U.S.
How naive you are. They are one party. Carter, Bush1, Clinton, Bush2 and Obama are all one world order believers. All Obama's cabinet picks are Nuremberg lovers. I could care less if I spelled it right, we need to destroy it. I feel like I am the only one that buys American. And it is hard to do. Independant, 3rd party, let's go.
another thing for everyone to consider is look at all that money we've put into the system recently. I sure don't have any of it and neither do you, on top of that everyone I know is losing money left and right (retirement funds, stock market, etc...) Point is money doesn't disappear it only gets re-allocated and guess who has all your lost money ? The same super rich folks who are currently manipulating the economy, the same super rich folks who our DUMB government keeps giving more money to.
I'm glad someone is speaking out about this but until people start openly talking about getting off a debt based monetary system, giving control of our money supply back to congress as the constitution demands and getting rid of the central bank framework we will continue to suffer as they implement business cycle after business cycle. This has happen before and it will continue to happen again and again until we do this.
If you really want to know what's going on : google video - money masters
Hey ukp42 --- If you wouldn't watch so much BBC and NPR you might see this guy on the Fox News. He is not a newsman but someone who reports the real situations as they are. His name is Glenn Beck and has a radio show and a TV show to keep us well informed unlike the liberals whores of the other networks who are too busy trying to brainwash us with the latest party line from the DNC.
Hey... The economy got worse under Nixon, Ford, Carter, Regan, old man Bush, Clinton and Bush the idiot. Our standard of living has declined steadily.
For instance, BOTH parties are to blame for the housing scandal. I'm sure they were paid off by the banking industry. "We have the best government money can buy!" -- Will Rogers
Vote all the crooks out! Turnover in government is a good thing!
Were you around then? We went from decent times to the absolute cliff between rich and poor. Regan's legacy was what Bush called Voodoo Economics. His Trickle Down economics created a HUGE divide and saw the burgeoning homeless problem! And that chart shows the greatest problem was during George W.'s tenure--a Conservative Republican, just like Regan. Desn't that tell you something?
What people are failing 2 realize is our economy has been in worse shape than it is right now. With the great depression, the gov't was unable to do a massive bailout & while our country suffered, we overcame it, w/out the govt stepping in like the way it is now. Even when Roosevelt tried to use the govt to flood the economy again with $, the Supreme Court shot alot of his policies down. Our country could overcome this, without this stimulus package. This policy of Citizen entitlement is wrong.
So, if what I am hearing Glenn Beck say is correct - the Republicans are to blame for all of this. It started with Nixon and his spiraled out of control ever since. That DAMN GOP!
Acknowldge what is happening & then propose something to fix it Beck
"Tax cuts for the rich?" Yes, yes, that is ALWAYS the magic fix. People don't have money to spend but if the rich had just BIT MORE they could create jobs to make products & services to sell to....oh wait, that's right, no middle class consumer spending; no consumer, no jobs; the will rich will just pocket further tax breaks & 'ride it out'
This stimulous bill may suck but what you got BECK?
Obama is just looking for a way to pay back all his Corporate supporters on our tax money. If he REALLY CARED he would have reviewed this spending bill line by line like he promised during his bla bla bla campaigning rallies. No pork, no unecessary spending he states...line by line. Obama doesn't know what he is doing. He couldn't even vote yes or no in Congress over 100 times! God for bid we get attacked again. Then he will really see the light.
Of course America has never proposed a massive stimulus package like this before. This is a global financial crises, and almost all powerful countries are creating bailout packages.
Unfortunately, omnipotent executives are now dispensing massive bonuses, and lucrative spending privileges, to the richest one percent.
It's relieving that spending is now being overseen by a democratic establishment, because a greater number of those aforementioned people tend to be of the republican mentality.
political parties blow. some men are strong and some men are weak, some men are good and some are bad... people who stereotype people by their political party are morons... with that said I think all you demoncrats need to give a blow job to a pistol and rid the world of your idiocy....
It's so fitting that you reply with such an obnoxious, violent, and tactless comment. You must be one who thinks that this financial crisis occurred under the Bush administration, just by coincidence.
You're also very bitter so you must be a republican, but that's understandable. I'm not even from your country. I'm just glad to see a democratic President for the sake of the world.
We were all sick of how things were being handled over there. Show some class.
I agree with you that my reply is fitting, after all it is only a comment thread on youtube you cannot possibly expect to find real political debat in such places? Or perhaps its your intention to blow the minds of 13 year old children with your intuitive commentary... I find it ironic that you would accuse me of being violent?!? After all it is the demoncrats that are responsible for 1.4 million deaths per year in the united states alone. So forgive me for not voting with the baby killer mmm-K
marxbitesall - you seem to know your facts and your math. You also seem to make a valid point.
One problem...you make yourself look completely stupid and ignorant by prefacing your facts with insults. This makes you look very immature and because of that, people will not listen to you; and if they do, they will dismiss what you say due to your juvenile way of arguing your point.
The Reps & Dems are in cahoots dummies, and have been since the banker puppeteers of the Reps & Dems put in the FED, as puppet strings to cables, a fraudulent unconstitutional fiat phony money system they could pump and dump as politics required. Add the 6% in FED interest absent before it. Or the secret taxation via inflation, printing more money making all money worth less. IE in '32 1oz Au = $20, today 1oz Au = $1000, which = a 50:1 ratio Meaning a dollar worth TWO CENTS = always higher price
Just like Obama or McCain or Clintons or Cheney or Biden, rich boy Stupidopolos is a TriLat or Bilderberg or both like Clintons.
There are many "clubs" power decides our fate in secret.
The well documented; innumerable secret meetings of the world's elites, in addtn to what they actually say, means we face one world totalitarianism run by the unimaginably wealthy who live above the law on the backs of others while producing mass impoverishment
Clinton (a Democrat) voted for NAFTA. That took all our jobs overseas. CAFTA Central America Fair Trade Agreement was done by a bunch of Democrats. They are both at fault. One party or the other trys to make the other look bad. They are both bad. So put the blame where it belongs and that is on both parties. They are all in cahoots with one another and as soon as you accept that you will start to realize they are all puppets working for some secret organization or shadow government.
The expansion of the monetary base is the largest increase in the shortest period of time in our country's history!!!! Prices of goods and services are going to go through the roof within the next few years.
Lehman brothers bought $100 billion in housing loans from a bank, the market crashed, and the loans are valued at 50%Because they would put $.02 cents down, and they controlled the rules, the exposure was enormous.
Derivatives are a fancy word for using small sums to control large purchases. The companies now in trouble used derivatives to buy housing loans, and when they went south, the companies had giant liabilities. You buy a $500,000 house, put $10,000 down (derivative) and housing collapses, you now have a $200,000 house and a giant loss of $300,000, all from $10,000.
That's easy. The debt is real but without including the 6 trillion in the national debt that the republicans ran up over the last 8 yrs in this propaganda piece, it is a half truth at best. A deliberate half truth is a lie. Beck uses Gores name several times as if Gore was to blame but no mention of the republicans who more than doubled the national debt. Gore left office w/over 300 billion surplus. Bush has bankrupted the nation.
That chart has nothing to do with debt. He's talking about the amount of money that's printed (and is in circulation and in the Federal Reserve banks). It has to do with inflation, not national debt.
You may be right, larf50, that Beck conveniently sidesteps assigning rightful blame to the Republicans for their huge part in this mess, but you are guilty of using the very same attack on the Republicans.
First of all, Gore was never president. And he wasn't overseeing the budget. Second of all, there was no surplus. It's a smoke and mirrors game. They ran up huge deficits too, just not on Bush-like levels. The U.S. has been running up massive debts for decades. Be honest with yourself.
Hey Passerby. Get your facts right. Clinton did have a deficit for 6 yrs. The last two years Clinton had a surplus. When the republicans forced the tax cuts for the well to do, Greenspan was saying how bad it would be if the US paid off all of the national debt and what problems that would bring as justification for the taxcuts. Greenspan is just another soldier in the GOP. He should have been looking out for America but he caved in to the GOP.
I repeat, there was no surplus! I know all about the "great tales" of Clinton "creating a surplus" after 1998. It didn't happen. What Clinton did was pay down the PUBLIC debt, and he did it by borrowing more debt from intergovernmental holdings, which was already high. The national debt was still huge under Clinton. It's impossible to pay down debt under a fractional reserve banking system.
So spare me your left partisanship and the lecture about getting my facts straight.
I'll take Clinton back in a heart beat. Not a perfect man but he never hurt the country like Bush. We won't live long enough to see a recovery from the damage he and the republicans did. And your still wrong. Clinton did have a surplus. You have to stop drinking the Beck cool aid.
Man, talk about blindly sticking to an emotional argument. Explain to me exactly HOW Clinton could've had a surplus. Where did that money come from?
And I already agreed with you that Beck is ignoring all the massive Republican failures, but he's not wrong in what he's saying. If someone put a gun to my head and asked who I'd rather have, Clinton or Bush, I'd take Clinton. But I don't pretend for a second he was good.
Then again Clinton paved the way for 9/11, and that is a source of many of our woes. But I do agree we cant know for sure what calamities Bush did, or did not bring based on his actions as President. My hope is that 30 years from now we can look back with 20/20 and LEARN from mistakes made. Though I highly doubt that will happen. Government sounds like a saviour but its still run by corrupt politicians.
Right on!! I can see that the GOP deception machine is ramping up to blame their total failure on everyone but themselves. You can see by some of the comments on here that many are totally taken in by the Fox GOP lie machine. Glen Beck is one of the worst. In Becks hatchet piece he never mentioned the 6 trillion in debt Bush and his war profiteers ran up and a lot of the debt is still hidden and not counted yet. Beck did find time to slander Gore as usual.
Fuck Obama and his "Stimulus Package"! First it was $850 Billion in the House then jumps to $950B in the Senate then the media says a "DEAL" has been made of $825B.. so they lowered it only $25B and Ben Nelson thinks its GOOD? FUCK YOU BEN and FUCK YOU to any Democrate or Republican that votes for borrowing Billions to put our grandkids in debt to China who is loaning this money to us! Taxpayers ALREADY LOST over $400B given to banks and NOTHING HAPPENED! How much MORE are you going to WASTE?2
um it wasnt capitalism that caused this, it was no oversight under bush's failed presidency. BUT, obama and the dems are spending more in 100 days then the entire war on iraq giving the money to the corporations that got us in the mess in the first place. also we (working class) have to pay it back with 25% interest. who does that money go to? the federal reserve bankers (upper 1% of wealth)... at least every republican voted against it. Also it was Clinton that started the free market trade...
So who we can blame for the waste? Democrats? Global warming?
This kind of propaganda you can see on the Faux News everyday. I think we can blame deregulation, greediness, and other ungodly and sinful behavior of our society.
We have been outsourced to Asia (labor costs), we're loosing all influence in Asia (who controls Eurasia - controls the World), and becoming World's Bank (while China became World's Factory), and trying to keep our positions by... printing money. What else can we do now?
i read otherwise on an article i read. it says that we are selling more treasury bonds domestically to fund the series of stimulus packages. it states the amount of money printed is insignificant and wont have any effect on inflation.
There are two lines of thought among the informed and recovered brainwashed, relating to America and its current state.
1. Let congress, and the president do it. Let them bring us into the third word. Let the destruction of the America begin so we can get it over with, and start again and this time, enforce the the U.S. Constitution.
2. Try to stop them, scream, yell, tell your friends, family, neighbors, etc. teach them what is happening.
An old friend from college is a Certified Public Accountant now and she told me over the SuperBowl that about 90% of her clients who identify themselves as being "Democrate" DON'T pay their Federal taxes and try to not pay ANY State Taxes. Is this an organized conspiracy or what? So why the HELL should any of us pay our taxes when the government just WASTES it all anyway? Hell Californians are getting an I.O.U. for their taxes! Fuck the government and their criminal Ponzi-Tax Scheme! ROFLAO
Most of the stuff(generally speaking)on TV will make you an idiot, although I think CNN will, actually does turn you into an idiot, brain washed for sure.
Glenn Becks good though, ever since Ron Paul has been appearing on there hes been clearer minded(if I may)
Thank your idiotic republican friends for allowing that spike to happen under their watch. Thank you George Bush and the baboon Hank Paulson for allowing banks and investment banks to leverage themselves 40-60 to 1 and all the other idiots who allowed sub prime loans to happen.
The last part, you know, where you speak in vague terms like "other idiots," was the Clinton era. Figured I'd name drop too since you like to do that when it's convenient.
Guy, Bush and especially Paulson are neocons(the ways of the old Democratic party)And the Dems now a days are flat out socialists.
The same people that were in power when Bush 41 was in office are still in power,I mean come on LOOK AT THE BIGGER PICTURE! When Obama dose something wrong(which he already is)your not gonna act the same way. Your not gonna being blaming and hating on this puppet as how you were with the last one, face it! Socialism is socialism bro, the same agenda will proceed.
That's a really bad chart, as far as charts go...but it does do the point of showing you how it's changed over the years. I don't think this is an M3 chart, since those are only estimates, M1 has grown very high over the past year though.
The chart is called the "Borrow Series" (Google it - first link) and is put out by the St Louis Federal Reserve - GB could have done a much better job at explaining that it shows the amount of money the Fed has created, and pumped into the system by taking mostly *toxic* assets from banks as collateral - holding this overvalued collateral on the Fed's balance sheet against these never to be repaid "loans" to the banks.
An very very well done version of the same chart: watch?v=pZsY1rFr_yw
I share Beck's concern, although I'm living in Europe, so it doesn't affect me as much as it will Americans. The only misunderstanding in his comments is that the President isn't in charge of printing money, and neither is Congress, even though the US Constitution says so. The FED is, and that's a privately hold company as we all should know. So who's interest do they serve? The peoples or their owners'? I totally agree with Ron Paul cs, this monetary policy is immoral.
Graph gives me a boner thinking this is the gold and silver development depiction.
RockTheOcean4me 5 months ago
THE HAIRY MAMMOTHS R COMING BACK
YouCantEatSilver 9 months ago
beck is a moron and hes going to hijack this movement for the NWO
CliveSinclairZX 9 months ago
@InhabitantOfGalaxy LMAO, if only you knew how stupid your comment was. The rest of the world will take loses and replace USD with a sound currency, get back to gold standard maybe, leaving you Americans in a BIBLICAL poverty. In fact, it had already begun. Google it.
LMFAO, you just made my day. Haven't seen this level of incompetence and sheer stupidity in months.
OMG, I'll be laughing like a drain for the rest of the day. You Americans are such idiots, it beggars belief. (Most of you)
szybkilopez566 9 months ago
lÓl_Ì_fÊël_sô_lÖñÉlý_toÐÂY
KittyyyJodeeaa630 9 months ago
@youtert and the increase between each line is still 500, which shows you how worthless the dollar is
bfieldboarder 10 months ago
This information is correct. Under Obama's federal budget projections the national budget will double in the next nine years. Also out of every dollar of governement revenue in 2020 only 8 cents will go towards discretionary spending. The other 92 cents will go to social security, medicare, and interest.
Go to CNN.Money and look up Running the government on 8 cents.
MrSupernova111 1 year ago
Nice story, Glenn. Shame it isn't true.
Parkeycat 1 year ago
this guy should take an introduction to macroeconomics course - apparently he's never heard of the inflation fallacy
im pretty sure that most high school students could easily beat him in an academic debate
ender5551 1 year ago
@ender5551
The concept of inflation fallacy has nothing to do with this article. Increase money supply and dollar loses value. Plain and simple.
MrSupernova111 1 year ago
This info. is backed up by a lot of people and "real" evidence. Listen to Gerald Celente of the Trends Research Institute. Start stocking up on food staples and BUY GOLD OR SILVER. The writing is on the wall folks, the gig is up-the whole shit is about to crash.
musicofdano 1 year ago
just because fox news is a load of bullshit propaganda doesn't mean every single thing they say about everything is incorrect. the more money you print and put into circulation, the more inflation goes up. and the US is printing money like never before...
AussiePolitics 1 year ago 2
CAN YOU FOLLOW THIS MONEY TRAIL? NEWSCORP (Which owns Fox News) Gives $1 million to the REPUBLICAN PARTY.
DraganDrabic 1 year ago
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The graph is nonsense. Increases in the money supply are exponential. That is, Twice one makes 2. That won't show up on the graph. Twice 500 makes 1,000. That will show up on the graph. That they are exactly the same result shows the graph to be highly misleading. Better it would be to use exponents for the y axis ... say 2, 4, 8, 16, 32, 64, 128, 256, 512, 1024, 2048, 4096 and so forth... it would provide an accurate picture.
lordhighexecutioner 1 year ago
Beck is correct... ....again !!!
CaliforniaCatholic 1 year ago
You insure with gold . Insurance in the event that continued stimulus spending
does pump up the economy beyond the production cabability of the economic base. the result will be gold at $ 1400 plus . The overheated U.S. and China and India will lift oil to triple digits and that - like a tax - will really harm the economy .
JackBassbusinessteam 1 year ago
Extremely deceptive graph, look at the scale. It starts at negative 500 which is meaningless and then zero is the next line up. For most of last century the scale is too close to zero to see what's happening. Most of the graph resembles an exponential curve which is what you get with CONSTANT inflation.
A tiny rise in the lower portion of the graph could be a huge increase in money, but you can't tell and it looks small on this scale.
youtert 1 year ago 3
it's not bad for the children, it's bad for the people who worked for money and now have no security. it did happen before,Germany, Zimbabw. This never happened to america in 2010 before but whatever. This guy works for the evil ones.
nVei06 1 year ago
Assignats were paper money issued by the National Assembly in France during the French Revolution. The assignats were issued after the confiscation of church properties in 1790 because the government was bankrupt. The government thought that the financial problems could be solved by printing certificates representing the value of church properties. These church lands became known as biens nationaux. Assignats were used to successfully retire a significant portion of the national debt .
1929spectre 1 year ago
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卍 HASHEM bless ADOLF THE WONDERFUL 卍
As a Christian I have no duty to allow myself to be cheated, but I have the duty to be a fighter for truth and justice. ...And if there is anything which could demonstrate that we are acting rightly, it is the distress that daily grows. For as a Christian I have also a duty to my own people -Adolf Hitler
MsRawrPink 2 years ago
only jews care for deficits in states because the more they care for deficits the more nations they oppress struggle.
MsRawrPink 2 years ago
of course deficits dont matter, they are talmudic jewish conspiracy serve to torture gentiles.
MsRawrPink 2 years ago
"I don't worry about the deficit" - Ronald Reagan
"Reagan taught us deficits don't matter" - Dick Cheney
AtlasShruggery 2 years ago
Oh! I'm sorry, did some of republicans give me a thumbs down because you didn't like my comment. Once again I say WAKE UP! The bush government didn't keep an eye on it's big companies and waged a war on at least two fronts. Where do you think the money went?
ptango101 2 years ago
@ptango101 thats correct, Bush was a progressive. Obama is past progressive, he is a socialist and has put us further into debt. He has far surpassed Bush in wastefull spending his first few weeks.
We have an unsustainable defecit.
zerizzie 2 years ago
I don't think the ridiculous right has earned the right to attack this government yet. The democrats inherited this mess from the republicans. Obama hasn't even been in office for a year yet and you have the balls to blame this on his party. WAKE UP!!!!!
Please tell me Beck is fox news's comedy relief.
ptango101 2 years ago
Hey have INDEED earned the right because of how fast the Dems have squandered 100's of billions so fast!
The repubs were bad too when they had congress. The dems are just even worse.
And THAT is bi-partisan reality!
aquaiz 2 years ago
guys like aquaiz astound me. Obama has only been president for a year or so, but the economic crash is his fault. He inherited the bush government's piss poor economic management. America was in deep shit before the elections. Guys like Hannity and Orielly piss and moan about the money he's spending but will not comment on the previous governments spending that got the world into this crappy situation.
ptango101 2 years ago 3
Go to the about or wikipedia websites and search for US politics gross federal debt, and you'll see how ironically the debt has skyrocketted during Republican presidencies.
RealRepublican1 2 years ago
where do i get one of them charts
midgsta3 2 years ago
Reagan raised the national debt by 3.5 trillion dollars. George Bush senior raised the national debt by 2.5 trillion dollars, and George W. Bush raised the national debt by 5.6 trillion dollars.
Looks like it's the Republicans' fault we are in this mess.
RealRepublican1 2 years ago
wow! where do you get your numbers? do they offer horoscopes and a psychic hot line on your source sites too? you are a what the commies call a useful idiot.
s13iLLuminati 2 years ago
I wish I had an Al Gore machine. lol
toastertown6 2 years ago 7
i do too
cakecrystle 2 years ago 2
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This Bull , who the Hell made this Graphs, he is retarded pur and simple. Take all the bailout money out and the Graphs moves nowhere, and BTW bailout money aint free it is against assets and for an interest, in other words the Feds (not the President) are creating money from nothing, smart isn't it. That is called economics 101. Beck is a douche bag.
OneWold 2 years ago
I hate to tell you, but Beck was right on. Laffler released a graph on WSJ today that backs up Glens info. Just because you are a koolaid drinking 'Bama supporter, doesn't mean the collapse isn't coming...
wolftech65301 2 years ago 8
@wolftech65301 Start building an underground bunker and buy a foil hat, stupid beckite. Enjoy your Beck koolaid.
awgu 1 year ago
@awgu You are an idiot. Beck is giving facts and statistics, and you reply like a typical Liberal with a moronic stupidity.
CaliforniaCatholic 1 year ago
@wolftech65301 Been a year. No collapse. Oops.
christianholmes 1 year ago
@wolftech65301 LETs MAKE MONEY
..first break the mindcontrol of the people n the world.
the daily brainwashing from the massmedia with its fluffy n yellow journalstorries in newspapers n tv..
..the daily propaganda n manipulation explaind from Edward L. Bernays (puplic relation n marketing expert)
The truth seems to be madness if we are used to hear, read, watch n see the daily house of lies..
..the manipulation n lies from the massmedia n the people that want to control the society..
GreenDevilAngel 8 months ago
To more closely parallel Al Gore's giant graph where he had levels os carbon and global temperature, I would have had the monetary base monetary supply and rate of inflation. Those three tend to move in concert and showing the very rapid, perhpas reckless growth of the Monetary Base, the giant graph could have shown how there is a huge risk of inflation eventually being pulled up just like the spike in the monetray base is spiking due to various actions by the Fed.
Rexanglorum 2 years ago
Glen Beck is controlled opposition. He denies that FEMA camps exist and he also insulted the 9/11 families. You can research both of these and find out that they are true. He is paid off by the corporate interests to gather peoples attention. Keep an open mind and research this stuff. Thanks. Peace.
Flashbak910 2 years ago
You sound out like the Fallout 3 'People's Republic of America' radio broadcast...
stopularno 2 years ago
Not commenting on the actual issue, thats just an awful chart.
Why would you start at -500 million dollars? And the thick red line hides the slope.
MonJoe20 2 years ago
Right, but what i mean when "you loan, i pay" it should be, here is x amount of dollars, you pay me this every month at this rate. Simpl problem, simple solution. But we cant do that! We have to be complicated and micromanage everything! Simplicty is the key to all of our problems...if people use that thing above thei shoulders and think, you'd be amazed what you can accomplish. Im not disagreeing, but god damn, banks and buisnesses alike need to use their noggin. This is their undoing.
kryokyle 2 years ago
Agreed. There is too much money circulating that is unneeded. College teaches you this in basic economics. You can't dilute the system this way. It kills the economy.
flyingferrari 2 years ago
Im not even outta high school...
kryokyle 2 years ago
Our problems are the result of making too many bad loans. That happened because the assets the bank is lending do not belong to the bankers themselves. The fix is to ensure that the directors of the bank are lending their own money--they need to own a controlling interest in the banks equity. This is probably the only way to guarantee they will loan responsibly. Their personal assets must be on the line as well because OUR personal assets are the ultimate guarantor of our banking system.
ananiasacts 2 years ago
Loaning with money you don't really have, that sounds alot like buying on margins, and probably more dangerous. And i think we all know where that got us.
kryokyle 2 years ago
So you're advocating full reserve banking?
ananiasacts 2 years ago
I'm advocating a simpler system that any average joe would understand. If you ask someone on the street to explain the reserve system you'll probably get blank stares.
kryokyle 2 years ago
The average Joe could understand it if we taught it to them in school. Its just not really part of primary education like it should be.
ananiasacts 2 years ago
It should be taught, I havent learned it yet but i take econ next year so... But even watching all the news I do, I still dont know much. I think simpler is better. As the complexity increases, there are more possible fail points.
kryokyle 2 years ago
I think primary education should begin with econ. I'm trying to design a site to lure kids into mapping their local economy as a way to make money. We are complex and yet very robust so it can't be complexity per se. The problem is that we haven't mastered the art of using complexity as cleverly as natural selection has. Perhaps the problem is that we're trying to design things deliberately rather than let them evolve themselves. Then again, that may be what we're doing in a roundabout way.
ananiasacts 2 years ago
I think the evolution of simple concepts is the way to go. Using simple logic you can predict where it is heading and let it be, or maneuver to aviod it. If we make things to abstract and complicated, they tend to fizzle themselves out.
kryokyle 2 years ago
z(n+1) = z(n)^2 + c is a pretty simple equation yet somehow captures all of the complexity of the Mandelbrot set. Steven Wolfram's 'A New Kind Of Science' is on it. Starting very simply is no guarantee it will stay that way. Murphy's law seems to form an impenetrable barrier between reality and the models we can construct to represent that reality in our minds. Hence it isn't really a fair competition since we don't get to see the real world we must design for while nature sees nothing else.
ananiasacts 2 years ago
Murphy's law is exactly right. I'm in an engineering class and I am always told, the simpler the better, less moving parts = less points of failure. You also have to take Darwin's thoery into account, if we look back its always been the simpler adaptations that survive.
kryokyle 2 years ago
I think engineering is going to change most as we move from trying to design things with brute force to finding clever ways to evolve products by developing software that models the "real" world well enough to test them, and then allow virtual designs to evolve in that environment until one meets the spec.
ananiasacts 2 years ago
What? Simpler? Like us?
Saktoth 2 years ago
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What a meaningless ignorant rant.
ananiasacts 2 years ago
How can you be so ignorant of all of the money your friendly American goverment is pumping into the system? That is actual data compiled into a graph. How can you bias that?
kryokyle 2 years ago
I know it to be sophistry. Do you understand how fractional reserve banking works? Do you want the government to sit back and let thousands of firms go belly up because the banking system can no longer provide the short term loans they need to continue to function? Beck is completely full of shit. The money he's talking about isn't in the economy--it's in the bank taking place of the value lost on their mortgage portfolios. It doesn't go anywhere--it must be there or they must fold. Get it?
ananiasacts 2 years ago
What ever happened to, i'll loan you money you pay me back? We dont need all this complicated monetary BS that every bank is trying to pull. As for the banks, thats their own damn fault. Look at all these smaller banks that didn't fail, thats because they did the right thing by not listening to the goverment. What a concept.
kryokyle 2 years ago
"i'll loan you money you pay me back" is what creates new money because the guy with the loan can't really do anything with it except deposit it in another bank. The bank making the loan actually has slightly more assets afterwards than it did before (at least the loan fee, and possibly all of part of the loan itself.) The government can't print money without matching it with debt. When the banks no longer need the capital the gov pumped into them the gov can take it out to retire that debt.
ananiasacts 2 years ago
Actually, the government can print as much money as it wants as there is no gold standard. Our money is only worth as much as the government says it is. That's what caused the German economy to crash years ago, and it's what caused out of control inflation in Zimbabwe.
serenityinfire777 2 years ago
"Bury your food and grab your cash, the computers are going down!" OMG Glenn Beck is too hilarious. But, seriously this show that the U.S. government is fantastically and disgustingly inept. Girl Scouts selling cookies outside a Jenny Craig have better economic policy!
dvaugustus 2 years ago
It seems to me the the economy started to tank in 2006, as soon as the Democrats took over Congress. Bush made some big mistakes, no doubt. Obama is hitting the grand master king lord god of all mistakes.
shawno66 2 years ago
Yeah, I understand the democrats are going to take away your guns and give them to the mexicans to kill your god.
ananiasacts 2 years ago
Fox News.
That's all that needs to be said.
MikeWilson2k5 2 years ago
He was on CNN too ya know.
kryokyle 2 years ago
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fuck glen beck
markaelnumero 2 years ago
All the money that's just been "printed" (loaned) is money that the economy had been pretending actually existed, thanks to the lax oversight of conservatives and DINOs. The Federal Reserve Bank is supposed to stabilize inflation and prevent deflation. If it didn't expand the money supply to compensate for all the lost value, we would be in a deflationary spiral right now and it would be Great Depression time all over again.
funkalunatic 2 years ago
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LOL EPIC FAIL, GO US! 1941; WW2 BEGINS. WRONG! It was 1939! LOL!
pragmatician 2 years ago
Umm., yeah, but that's when it began for the people who matter... the United States of Denial
AndrewSchulcz 2 years ago
Two places where the answer isn't: Big Government or Global Corporate greed.
Look at the genocidal history of big government. Mao (60,000,000), Stalin (20,000,000), Hitler (11,000,000), Polpot, Idi Amin, etc., etc. We fall for this Socialist Utopian again and we are fools!!!!! The politicians will own us. We will be enslaved!
If we fall for neocon Global Corporations, all our jobs and manufacturing will be shipped overseas. Only executives will benefit. We will be enslaved!
dianecurley 2 years ago
^^listen^^
lookElike 2 years ago
Better start buying some seeds and pland a vegetable garden folks.
Goklayeh 2 years ago
I agree with your comment and report. I hope our future still holds on with prosperous possibilities, in making our life economic situation much better, due to the awareness of the problems we have caused to this world generations, that our future children might have a chance to be again in a safe peaceful world. Ty
mariafp13 2 years ago
Keep in mind the date that this video was made.......Obama hadn't even found a secretary of the treasury that was willing to attempt to clean up this nightmare. Hard to blame these things on either administration when it happens on the cusp of the inauguration.
Give1tARest 2 years ago
Yep, looks like government took the term "go green" to mean something else.
alicia775 2 years ago
So what do we learn from this video that we already haven't heard a hundred times over? Way to recycle, Glenn. A lot of hand wringing and criticizing while offering no real solutions! Typical!
skijazman 2 years ago
Bush was not a Conservative Republican. Anything but. He was a big government spender. The person who called him a Conservative Republican obviously knows little about politics and has a bizarre fetish with Bush.
Big Government is our problem. Whether you put a Dem or Rep name on it. Bush started it with Paulson and Obama is taking to a whole new Socialist level.
The economy can not handle what Congress and Obama want to do. The Dow is now at 6700. Cut government or it's over!
MayorCurley88 2 years ago
Well, I gave you a thumbs up. I hate when people bring up Bush like he was really a conservative.
sltleovyed820 2 years ago
i agree bush not conservative, but republican none the less. this economic issue can not be solved by one party or the other, they are both taking it to the extreame and both ways are polar opposites that will never work on either side. the solution is in the middle ground that's how we came back for the last depression by creating industry jobs. that way middle class has jobs and upper class has business. we need to start taxing imported goods so co. move opportations back to the U.S.
skyski80 2 years ago
How naive you are. They are one party. Carter, Bush1, Clinton, Bush2 and Obama are all one world order believers. All Obama's cabinet picks are Nuremberg lovers. I could care less if I spelled it right, we need to destroy it. I feel like I am the only one that buys American. And it is hard to do. Independant, 3rd party, let's go.
kryptonitequinn 2 years ago
Lmao Glen is soooo funny. I love when he makes jokes about stuff.
mattjindrak 2 years ago
^
New message...
Y0UTUBEMESSAGE456324 2 years ago
thank you ...............for waking up some people that were in a comma i hope this is a real wake up call for everyone ,
ny922 2 years ago
another thing for everyone to consider is look at all that money we've put into the system recently. I sure don't have any of it and neither do you, on top of that everyone I know is losing money left and right (retirement funds, stock market, etc...) Point is money doesn't disappear it only gets re-allocated and guess who has all your lost money ? The same super rich folks who are currently manipulating the economy, the same super rich folks who our DUMB government keeps giving more money to.
agprodigy 2 years ago 2
I'm glad someone is speaking out about this but until people start openly talking about getting off a debt based monetary system, giving control of our money supply back to congress as the constitution demands and getting rid of the central bank framework we will continue to suffer as they implement business cycle after business cycle. This has happen before and it will continue to happen again and again until we do this.
If you really want to know what's going on : google video - money masters
agprodigy 2 years ago
its the economy stupid
ricochetVendetta 2 years ago
Hey ukp42 --- If you wouldn't watch so much BBC and NPR you might see this guy on the Fox News. He is not a newsman but someone who reports the real situations as they are. His name is Glenn Beck and has a radio show and a TV show to keep us well informed unlike the liberals whores of the other networks who are too busy trying to brainwash us with the latest party line from the DNC.
htyabcde 2 years ago
Hey... The economy got worse under Nixon, Ford, Carter, Regan, old man Bush, Clinton and Bush the idiot. Our standard of living has declined steadily.
For instance, BOTH parties are to blame for the housing scandal. I'm sure they were paid off by the banking industry. "We have the best government money can buy!" -- Will Rogers
Vote all the crooks out! Turnover in government is a good thing!
n0tyham 2 years ago
actually Regan improved the economy after carter destroyed it
turkyman 2 years ago
Were you around then? We went from decent times to the absolute cliff between rich and poor. Regan's legacy was what Bush called Voodoo Economics. His Trickle Down economics created a HUGE divide and saw the burgeoning homeless problem! And that chart shows the greatest problem was during George W.'s tenure--a Conservative Republican, just like Regan. Desn't that tell you something?
hendle1 2 years ago 2
Is this a News show???? the presenter walking thro one studio to another???
Go and watch the BBC for professionals at work!!!!
ukp42 2 years ago
so who cares about professionalism? We care about the truth, except for you as I can see.
noreligion777 2 years ago
What people are failing 2 realize is our economy has been in worse shape than it is right now. With the great depression, the gov't was unable to do a massive bailout & while our country suffered, we overcame it, w/out the govt stepping in like the way it is now. Even when Roosevelt tried to use the govt to flood the economy again with $, the Supreme Court shot alot of his policies down. Our country could overcome this, without this stimulus package. This policy of Citizen entitlement is wrong.
rugbylifer 2 years ago
So, if what I am hearing Glenn Beck say is correct - the Republicans are to blame for all of this. It started with Nixon and his spiraled out of control ever since. That DAMN GOP!
ksquinn 2 years ago
and has, not his...
ksquinn 2 years ago
Acknowldge what is happening & then propose something to fix it Beck
"Tax cuts for the rich?" Yes, yes, that is ALWAYS the magic fix. People don't have money to spend but if the rich had just BIT MORE they could create jobs to make products & services to sell to....oh wait, that's right, no middle class consumer spending; no consumer, no jobs; the will rich will just pocket further tax breaks & 'ride it out'
This stimulous bill may suck but what you got BECK?
Hopeful71 2 years ago
Input "Taxes" for tax cuts, and "Government" for the rich and you have an accurate picture of what the Stimulus bill was about.
builder20 2 years ago
Obama is just looking for a way to pay back all his Corporate supporters on our tax money. If he REALLY CARED he would have reviewed this spending bill line by line like he promised during his bla bla bla campaigning rallies. No pork, no unecessary spending he states...line by line. Obama doesn't know what he is doing. He couldn't even vote yes or no in Congress over 100 times! God for bid we get attacked again. Then he will really see the light.
758880 2 years ago
Of course America has never proposed a massive stimulus package like this before. This is a global financial crises, and almost all powerful countries are creating bailout packages.
Unfortunately, omnipotent executives are now dispensing massive bonuses, and lucrative spending privileges, to the richest one percent.
It's relieving that spending is now being overseen by a democratic establishment, because a greater number of those aforementioned people tend to be of the republican mentality.
maxxb24 2 years ago
political parties blow. some men are strong and some men are weak, some men are good and some are bad... people who stereotype people by their political party are morons... with that said I think all you demoncrats need to give a blow job to a pistol and rid the world of your idiocy....
seanzoz 2 years ago
This is a reply to seanzoz:
It's so fitting that you reply with such an obnoxious, violent, and tactless comment. You must be one who thinks that this financial crisis occurred under the Bush administration, just by coincidence.
You're also very bitter so you must be a republican, but that's understandable. I'm not even from your country. I'm just glad to see a democratic President for the sake of the world.
We were all sick of how things were being handled over there. Show some class.
maxxb24 2 years ago
I agree with you that my reply is fitting, after all it is only a comment thread on youtube you cannot possibly expect to find real political debat in such places? Or perhaps its your intention to blow the minds of 13 year old children with your intuitive commentary... I find it ironic that you would accuse me of being violent?!? After all it is the demoncrats that are responsible for 1.4 million deaths per year in the united states alone. So forgive me for not voting with the baby killer mmm-K
seanzoz 2 years ago
marxbitesall - you seem to know your facts and your math. You also seem to make a valid point.
One problem...you make yourself look completely stupid and ignorant by prefacing your facts with insults. This makes you look very immature and because of that, people will not listen to you; and if they do, they will dismiss what you say due to your juvenile way of arguing your point.
ddarko820tv 2 years ago
The Reps & Dems are in cahoots dummies, and have been since the banker puppeteers of the Reps & Dems put in the FED, as puppet strings to cables, a fraudulent unconstitutional fiat phony money system they could pump and dump as politics required. Add the 6% in FED interest absent before it. Or the secret taxation via inflation, printing more money making all money worth less. IE in '32 1oz Au = $20, today 1oz Au = $1000, which = a 50:1 ratio Meaning a dollar worth TWO CENTS = always higher price
marxbitesall 2 years ago
Oblerman - U are a dipwad CFR ahole, NO?
Just like Obama or McCain or Clintons or Cheney or Biden, rich boy Stupidopolos is a TriLat or Bilderberg or both like Clintons.
There are many "clubs" power decides our fate in secret.
The well documented; innumerable secret meetings of the world's elites, in addtn to what they actually say, means we face one world totalitarianism run by the unimaginably wealthy who live above the law on the backs of others while producing mass impoverishment
marxbitesall 2 years ago
For those of you that are interested in exponential growth in more areas than debt check out Chris Martensons free Crash Course o his website.
niruobas55 2 years ago
Clinton (a Democrat) voted for NAFTA. That took all our jobs overseas. CAFTA Central America Fair Trade Agreement was done by a bunch of Democrats. They are both at fault. One party or the other trys to make the other look bad. They are both bad. So put the blame where it belongs and that is on both parties. They are all in cahoots with one another and as soon as you accept that you will start to realize they are all puppets working for some secret organization or shadow government.
jjdollbuggy 2 years ago 2
The expansion of the monetary base is the largest increase in the shortest period of time in our country's history!!!! Prices of goods and services are going to go through the roof within the next few years.
JOConnor100 3 years ago
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REAL RepubliCON STIMULUS:
~ CRAIG: A return foot-tapping under mens room stalls
~ LIMBAUGH: Blanket free prescriptions for Oxy-Contin
~ W & SCARAH FAILIN: Each want 50% of Scare-Crows Brain
~ COULTER: Get Adams Apple Removed
~ CHENEY: Keep Unilateral Contracts & Face Shootings Legal
~ NITT-WITT-MITT ROMNEY: Continue flip-flopping
~ FOLEY: Return e-mails from teen boys
~ HAGGARD: A male hooker who won't kiss & tell about Sex & Meth
GOAL: Continue to LOSE "DOZENS" of Senate & House Seats!
mavrek47 3 years ago
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Bush used SCARE TACTICS then WASTED $350 BILLION of your money giving it to FAILED BANKS and rebates but NOTHING HAPPENED!
Now Obama uses SCARE TACTICS and wants to WASTE $850 BILLION MORE giving $5.2B to ACORN, $50M for Art, $126M for afterschool snacks?? WTF?
Why not give money to people directly instead? Each Family would receive over $20K wouldn't THAT be a BETTER?
Too bad YOU"LL NEVER see this money but your GRANDKIDS GET TO PAY FOR IT!
SPENDING $850B is FUCKING RETARDED!)-
NewChristianSoldiers 3 years ago
Lehman brothers bought $100 billion in housing loans from a bank, the market crashed, and the loans are valued at 50%Because they would put $.02 cents down, and they controlled the rules, the exposure was enormous.
RobertChavis 3 years ago
Derivatives are a fancy word for using small sums to control large purchases. The companies now in trouble used derivatives to buy housing loans, and when they went south, the companies had giant liabilities. You buy a $500,000 house, put $10,000 down (derivative) and housing collapses, you now have a $200,000 house and a giant loss of $300,000, all from $10,000.
RobertChavis 3 years ago
Some one please reply Mavrek47. He's telling the truth. I am really tired of the Fox deception machine running only to confuse the public.
larf50 3 years ago
Name 1 false statement in the video above.
RepublicanRanting 3 years ago
That's easy. The debt is real but without including the 6 trillion in the national debt that the republicans ran up over the last 8 yrs in this propaganda piece, it is a half truth at best. A deliberate half truth is a lie. Beck uses Gores name several times as if Gore was to blame but no mention of the republicans who more than doubled the national debt. Gore left office w/over 300 billion surplus. Bush has bankrupted the nation.
larf50 3 years ago
That chart has nothing to do with debt. He's talking about the amount of money that's printed (and is in circulation and in the Federal Reserve banks). It has to do with inflation, not national debt.
RepublicanRanting 3 years ago
You may be right, larf50, that Beck conveniently sidesteps assigning rightful blame to the Republicans for their huge part in this mess, but you are guilty of using the very same attack on the Republicans.
First of all, Gore was never president. And he wasn't overseeing the budget. Second of all, there was no surplus. It's a smoke and mirrors game. They ran up huge deficits too, just not on Bush-like levels. The U.S. has been running up massive debts for decades. Be honest with yourself.
passerby23 2 years ago
Hey Passerby. Get your facts right. Clinton did have a deficit for 6 yrs. The last two years Clinton had a surplus. When the republicans forced the tax cuts for the well to do, Greenspan was saying how bad it would be if the US paid off all of the national debt and what problems that would bring as justification for the taxcuts. Greenspan is just another soldier in the GOP. He should have been looking out for America but he caved in to the GOP.
larf50 2 years ago
I repeat, there was no surplus! I know all about the "great tales" of Clinton "creating a surplus" after 1998. It didn't happen. What Clinton did was pay down the PUBLIC debt, and he did it by borrowing more debt from intergovernmental holdings, which was already high. The national debt was still huge under Clinton. It's impossible to pay down debt under a fractional reserve banking system.
So spare me your left partisanship and the lecture about getting my facts straight.
passerby23 2 years ago
I'll take Clinton back in a heart beat. Not a perfect man but he never hurt the country like Bush. We won't live long enough to see a recovery from the damage he and the republicans did. And your still wrong. Clinton did have a surplus. You have to stop drinking the Beck cool aid.
larf50 2 years ago
Man, talk about blindly sticking to an emotional argument. Explain to me exactly HOW Clinton could've had a surplus. Where did that money come from?
And I already agreed with you that Beck is ignoring all the massive Republican failures, but he's not wrong in what he's saying. If someone put a gun to my head and asked who I'd rather have, Clinton or Bush, I'd take Clinton. But I don't pretend for a second he was good.
passerby23 2 years ago
Then again Clinton paved the way for 9/11, and that is a source of many of our woes. But I do agree we cant know for sure what calamities Bush did, or did not bring based on his actions as President. My hope is that 30 years from now we can look back with 20/20 and LEARN from mistakes made. Though I highly doubt that will happen. Government sounds like a saviour but its still run by corrupt politicians.
builder20 2 years ago
How much what that Bush administration stimulus plan for Iraq?
HorseRat7848 3 years ago
Huh?
justinjbetts 3 years ago
Fight to stop this trillion dollar stimulus!
nostimulus!!!com
Call your Senate office the switchboard number is 202-224-3121.
go on line and get the number for your senator's local office in your home state.
DO BOTH!!!
"No Stimulus"
These calls matter! ...
PleaseActNow 3 years ago
USA DOWN THE DRAIN - LEGACY OF THE RepubliCON PARTY:
~ Send Jobs Overseas & give HUGE tax breaks to those who comply
~ Limit Taxing the Rich
~ Spend 11 Billion a month on unjustified war in Iraq while lying about WMDs & plutonium being purchased there.
~ RECORD Deficit
~ RECORD Housing Foreclosures
~ Watch Big Oil, Insurance & Drug Co's make RECORD profits
~ Damage Diplomatic ties around the world
~ Don't pass health-care bill for kids
THE ROAD TO HELL IS PAVED WITH REPUBLICONS! ~Scarah Failin
mavrek47 3 years ago
you are truly a dumbass- oops i mean a democrat- sorry
hellabored702 3 years ago
Right on!! I can see that the GOP deception machine is ramping up to blame their total failure on everyone but themselves. You can see by some of the comments on here that many are totally taken in by the Fox GOP lie machine. Glen Beck is one of the worst. In Becks hatchet piece he never mentioned the 6 trillion in debt Bush and his war profiteers ran up and a lot of the debt is still hidden and not counted yet. Beck did find time to slander Gore as usual.
larf50 3 years ago
We can't fix the problem by re-electing the same people over and over again who created it.
da324 3 years ago
This has been flagged as spam show
Fuck Obama and his "Stimulus Package"! First it was $850 Billion in the House then jumps to $950B in the Senate then the media says a "DEAL" has been made of $825B.. so they lowered it only $25B and Ben Nelson thinks its GOOD? FUCK YOU BEN and FUCK YOU to any Democrate or Republican that votes for borrowing Billions to put our grandkids in debt to China who is loaning this money to us! Taxpayers ALREADY LOST over $400B given to banks and NOTHING HAPPENED! How much MORE are you going to WASTE?2
NewChristianSoldiers 3 years ago
I do not like the way the our country here
it only caring about there money
hotchevy21 3 years ago
If I was a raging Republican, I'd find his humor funny.
civilwarhat 3 years ago
We all better put our Head between our Cheeks and Kiss our Assez Good-Bye!
Budvb 3 years ago 2
u can thank the Republicans and their free market Capitalism and their endless spending by their Republican Presents that has RUINED THE USA!!!!!
brovic777 3 years ago
um it wasnt capitalism that caused this, it was no oversight under bush's failed presidency. BUT, obama and the dems are spending more in 100 days then the entire war on iraq giving the money to the corporations that got us in the mess in the first place. also we (working class) have to pay it back with 25% interest. who does that money go to? the federal reserve bankers (upper 1% of wealth)... at least every republican voted against it. Also it was Clinton that started the free market trade...
BrulesRules001 3 years ago
Screw it, we will be dead we our kids have to pay it off. Spend it now!
Obama forever!!!
putittogether 3 years ago
I hope that you are being sarcastic. This is the most idiotic statement I have heard all week.
Josiah531 3 years ago
Is that you Nancy?
roaneagle 3 years ago
Well one things or sure. Under the Obama Socialist period the debt for your children will triple. I feel for them..
da324 3 years ago 4
Yes Glen Beck, that was why Ron Paul would end the Empire to save up 1 trillion a year, so that this could be prevented.
elbuggo 3 years ago 4
So who we can blame for the waste? Democrats? Global warming?
This kind of propaganda you can see on the Faux News everyday. I think we can blame deregulation, greediness, and other ungodly and sinful behavior of our society.
We have been outsourced to Asia (labor costs), we're loosing all influence in Asia (who controls Eurasia - controls the World), and becoming World's Bank (while China became World's Factory), and trying to keep our positions by... printing money. What else can we do now?
VaicekaL 3 years ago
"I think we can blame deregulation, greediness, and other ungodly and sinful behavior of our society. "
Lol, some good satire man.
fephisto 3 years ago
dude glen beck isnt trying to blame the waste. IT HASNT HAPPENED YET! hes trying to PREVENT it. cmon man, this video holds up a very noble cause.
BrulesRules001 3 years ago 2
Hasn't happened yet? Where have you been?
da324 3 years ago
im referring to this obama stimulus bill. it hasnt happened yet and glen is trying to prevent it.
BrulesRules001 3 years ago
It has not happened yet? What about Iraq? Dude?!
VaicekaL 2 years ago
We're being sold out and I beleive it is intentional!
roaneagle 3 years ago 2
I hate americans.
Jamofu3 3 years ago
Great! Stay away from us!
roaneagle 3 years ago
I live in america.. and im american.
Yes i hate myself
But i hate you guys more ^.^
Jamofu3 3 years ago
i read otherwise on an article i read. it says that we are selling more treasury bonds domestically to fund the series of stimulus packages. it states the amount of money printed is insignificant and wont have any effect on inflation.
chingon711 3 years ago
I like Glenn Beck
jamironited4 3 years ago 6
There are two lines of thought among the informed and recovered brainwashed, relating to America and its current state.
1. Let congress, and the president do it. Let them bring us into the third word. Let the destruction of the America begin so we can get it over with, and start again and this time, enforce the the U.S. Constitution.
2. Try to stop them, scream, yell, tell your friends, family, neighbors, etc. teach them what is happening.
I say let it burn, burn baby burn. Start over.
putittogether 3 years ago
Who is John Galt?
PistoleroJesse 3 years ago
John Galt is the heroic main character in Ayn Rand's novel Atlas Shrugged. lol
wackassegyption 3 years ago
This has been flagged as spam show
An old friend from college is a Certified Public Accountant now and she told me over the SuperBowl that about 90% of her clients who identify themselves as being "Democrate" DON'T pay their Federal taxes and try to not pay ANY State Taxes. Is this an organized conspiracy or what? So why the HELL should any of us pay our taxes when the government just WASTES it all anyway? Hell Californians are getting an I.O.U. for their taxes! Fuck the government and their criminal Ponzi-Tax Scheme! ROFLAO
NewChristianSoldiers 3 years ago 3
This comment has received too many negative votes show
Watching Fox will turn you into a moron by the way, just in case you didnt know.
EasyWolf31 3 years ago
Most of the stuff(generally speaking)on TV will make you an idiot, although I think CNN will, actually does turn you into an idiot, brain washed for sure.
Glenn Becks good though, ever since Ron Paul has been appearing on there hes been clearer minded(if I may)
And Bill O'Reilly is just fcking hilarious!
wackassegyption 3 years ago 3
Thank your idiotic republican friends for allowing that spike to happen under their watch. Thank you George Bush and the baboon Hank Paulson for allowing banks and investment banks to leverage themselves 40-60 to 1 and all the other idiots who allowed sub prime loans to happen.
EasyWolf31 3 years ago
The last part, you know, where you speak in vague terms like "other idiots," was the Clinton era. Figured I'd name drop too since you like to do that when it's convenient.
njcarlos1 3 years ago
Guy, Bush and especially Paulson are neocons(the ways of the old Democratic party)And the Dems now a days are flat out socialists.
The same people that were in power when Bush 41 was in office are still in power,I mean come on LOOK AT THE BIGGER PICTURE! When Obama dose something wrong(which he already is)your not gonna act the same way. Your not gonna being blaming and hating on this puppet as how you were with the last one, face it! Socialism is socialism bro, the same agenda will proceed.
wackassegyption 3 years ago
That's a really bad chart, as far as charts go...but it does do the point of showing you how it's changed over the years. I don't think this is an M3 chart, since those are only estimates, M1 has grown very high over the past year though.
BlackNapkins86 3 years ago
The chart is called the "Borrow Series" (Google it - first link) and is put out by the St Louis Federal Reserve - GB could have done a much better job at explaining that it shows the amount of money the Fed has created, and pumped into the system by taking mostly *toxic* assets from banks as collateral - holding this overvalued collateral on the Fed's balance sheet against these never to be repaid "loans" to the banks.
An very very well done version of the same chart: watch?v=pZsY1rFr_yw
MengersDisciple 3 years ago
I share Beck's concern, although I'm living in Europe, so it doesn't affect me as much as it will Americans. The only misunderstanding in his comments is that the President isn't in charge of printing money, and neither is Congress, even though the US Constitution says so. The FED is, and that's a privately hold company as we all should know. So who's interest do they serve? The peoples or their owners'? I totally agree with Ron Paul cs, this monetary policy is immoral.
juhmoeduhr 3 years ago 2
Glenn Beck is the man.
pepsimannampepsi 3 years ago 2
Beck is not a Republican, by the way. I love how some people are always ready to pull out their little labels. LOL
Believe it or not, there are sides to the issues that are not represented by the donkeys and elephants.
ScarlettRhiannon 3 years ago 3
So, where is all the money going that they are printing? Because the people aren't seeing it and will be paying for in for decades to come!
RonPaulWI 3 years ago
"where is all the money going that they are printing"?
corporate executives and politicians! Wake up!