Glenn Beck-Greater Depression, economic collapse coming soon!

[oldereb38]

The Ponzi scheme Fed stole $8.4 TRILLION from the auctions of Treasury securities last year. Congress never asked about it. It is embezzlement that is leading to national bankruptcy. The wealth of the nation is being transferred to “financiers.” Ref. 3w scribd dot com message 49040689.

[1thatisilluminated]

Glenn Beck is stealing information from Alex Jones, the real creator of true information, and Fox is adding lies!

[TheIceTC]

Beck is just another follower of "Social Darwinism" economics. Only the strong should survive and anyone that dies is their own fault. It is this ideology that led to the great depression via republican Andrew Mellon running the federal reserve and rolling out policies that say it is healthy to let small banks fail and not print money to keep the dollar value high. Result? 10 years of depression, 7 million Americans die of starvation. Social Darwinism doesn't work. Try elsewhere Beck.

[JohnLeeMD]

I wonder if he would revisit this presentation now, given recent actions by the TPTB.

[Iconf10]

Glenn is all about hype, that's what hes always been about, that's what keeps him on television. But the facts he presents are mostly right. Sure they are taken out of context and presented how he chooses, but if you go back to what he's saying and do the research yourself. You'll learn something. I'm still waiting for our economic downfall. The main thing holding our dollar up right now is just blind faith of our own citizens, the rest of the world doesn't care. Most don't trade with us anyway.

[AgnesBojaxhiu2000]

the 1 world govt wsj-foxnews-rushie ECONOMIC FREEFALL neocons is the obstruction politico of NO ... the murdoch family (bod & largest shareholder) are mostly australians & rupert's wife's born in chicom Xuzhou ... meocons CAN'T HANDLE THE TRUTH so they lie ... take lady gaga ... she was great ... finally a woman with more than a cute face and not hazardous to your wallet ... lady gaga needs to fight for social security & medicare too ... support AMERICA .. join the fox news sponsor boycott

[WillisL94]

@christinaandzack You are absolutely right, but simply taking their money isn't the answer. They (bankers) are holding onto it because they are afraid of investing in an unstable economy. Quite frankly I don't blame them for holding onto the money because the last time the banks saw a situation like this, the Great Depression happened.

[RadarKat73080]

Anybody else catch that he blamed the Great Society on Nixon?

[WillisL94]

@RadarKat73080 It wasn't that he blamed the Great Society on Nixon, it was that he blamed Nixon for removing the gold standard which caused more money to be printed for the programs in the Great Society

[RadarKat73080]

@WillisL94 I thought the Fed controlled how much money is "in the system"?

[WillisL94]

@RadarKat73080 You are absolutely correct. However, the president appoints the Federal Reserve Governors (one of which becomes chairman). They serve for 14 years, and can't be removed based on political and economic views after they are confirmed. Now I am just your average Joe, so I am not an expert on the political and economic system. Please, for both of our sakes, if anything I say is wrong just let me know where I can find the correct answer.

[RadarKat73080]

@WillisL94 No problem. Not sure either. But Glenn is by no means an expert either, in ANYTHING! He reminds me of that bit George Carlin did years ago: "not hard to spot someone who's stupid, takes you about five seconds. You'd be listening to some guy: 'This guy's fuckin' stupid!'" All the times I actually knew what he was talking about, I knew he was talking outta his ass.

[WillisL94]

@RadarKat73080 He isn't an expert, no. I will say for a man with his history, he is well researched. But, these numbers don't come from Glenn, they come from history. When I said I wan't an expert, it was about the makeup of government. It doesn't take an expert to realize that inflation leads to economic downfall. Any inflated economy will show you that, most notably the Weimar Republic.

[RadarKat73080]

@WillisL94 It's funny how Glenn connects the present to the pre-Nazi government of Germany and then tries to draw links to the Nazis and the current government. Maybe if he claimed the government is corrupt, I admit I'd agree with him, and the Weimar was corrupt but he doesn't. I dislike how Glenn now opposes things he once supported. The simulus and Patroit Act. Nothing has changed save the president.

[landenberg2341]

He would get more of his correct points across if he told the truth a little more often. The great society started during the 30's!!!!

[VenusFriend]

Ok i se the point with money...

and not having it (check my favorites)

But is this guy a retard?

Did he not support Bush?

Did he not support the War's?

And what is spendig when you borrow the money?

[WillisL94]

@VenusFriend In fact, he didn't support Bush. I'm not positive on his stance on the wars today but I do know that he believes that a war should have been fought as agressively as possible and that one should not take 10 years.

[PeterThrun]

Back to the matter at hand, printing money devalues money, increases inflation and will eventually bankrupt the economy.

[johnknight999]

Did Glenn Beck do a white wash on the FEMA camps?

[AgnesBojaxhiu2000]

the rushie herbert hoover neocons is the obstruction party of NO .. the neocons are mind controlled mega ditto heads ... micheal's right with his manson family i mean meocon family song ... 'all i can say is that they don't really care about us' ... the manson's tell you how it is wrong, wrong to spend money you don't have ... hehehe ... but remember 8 years ago ... the anti-manson crowd insisted on maintaining the clinton budget surplus & a balanced budget ... & the manson's did the opposite

[111942sta]

Agnes is clearly a worshipper of he devil god Obama...a real Koolaid drinking Chatty Cathy doll.

[AgnesBojaxhiu2000]

the rushie herbert hoover neocons is the obstruction party of NO .. the neocons are mind controlled mega ditto heads ... google 'explosives found in 911 wtc dust' gets thousands of hits ... and meocons killed 200,000 innocents in iraq too ... they are psychopaths ... devoid of conscience, remorse, or empathy for their victims while appearing the nicest of guys ... like dahmer, manson, and desalvo make great door-to-door salesmen, part of their psycho act ... and have soooo many squeaky frommes

[AgnesBojaxhiu2000]

the rushie herbert hoover neocons is the obstruction party of NO .. the neocons are mind controlled mega ditto heads ... take jedi knight obama being born in hawaii on aug 4, 1961 ... both honolulu newspapers reported the birth on the same day ... but the meocons swear that pelosi at the age of 3 told the newspapers to misreport his birth to be in honolulu instead of kenya because she knew obama would be president one day ... and the meocons have yet to believe in science ... mind controlled

[thatguyashe]

If the Republicans did that (alone) how is it tha not one lib. knew about it. Are you all that stupid? The fact is, libs and republicans were both part of that. Beisdes, you got off topic. Can you stay on one topic? You bounce around like a child.

[AgnesBojaxhiu2000]

the rushie herbert hoover neocons is the obstruction party of NO .. the neocons are mind controlled mega ditto heads ... there are thousands of web sites that describe the explosives found in the 911 wtc dust ... but meocons ignore it while telling you that you should be very afraid because of 911 ... do they have the bomb ... they are psychopaths ... devoid of conscience, remorse, or empathy for their victims but appear nice fuzz balls ... follow the facts ... manson persuaded squeaky fromme

[AgnesBojaxhiu2000]

the rushie herbert hoover neocons is the obstruction party of NO .. the neocons are mind controlled mega ditto heads ... but the jedi knight obama is battling the enemies of the planet and winning ... putin, chavez, palin, perry, and jindal ... all having big time problems as oil is only 1/3 the price it was this time last year ... take palin ... her approval in alaska down by nearly 1/2 ... turns down obama's stimulus money because technologies lower bldg energy costs ... typical of the meocons

[thatguyashe]

Jedi Knight? I thought that big black thing on his shoulders was a Darth Vader mask. I know, I know, I'm a racist.

Gas prices? hahaha. Do you know what cap and trade would do to gas prices? Are you that stupid? Hold your comment to me until next summer, then you will know what I speak of. But don't trust me. I'm just some guy on youtube who doesn't know anything about oil futures. Or do I?

Trust me. I do.

take care :)

[AgnesBojaxhiu2000]

the rushie herbert hoover neocons is the obstruction party of NO .. the neocons are mind controlled mega ditto heads ... but the jedi is a peacekeeping organization known for their observance and use of the "Light Side" of the force ... a Disciplined, experienced Jedi may become full-fledged Jedi Knight once they have completed The Trial of Skill, The Trial of Spirit, and the Trial of Knowledge and only after performing an extraordinary, unusually heroic act ... exactly like obama

[thatguyashe]

Do you ever say anything other than the above? You just keep repeating, and repeating.Kinda like a robot :) You're the poster child for kool-aid drinkers.

[AgnesBojaxhiu2000]

the rushie herbert hoover neocons is the obstruction party of NO .. the neocons are mind controlled mega ditto heads ... they bitch and bitch about jedi knight obama ... but if their way was soooo good, then why did we find explosives in the 911 dust of the wtc .. and look at the youtube 'mineta 911' video .. they also sent the passenger jet into the pentagon that day .. if their way was sooo good why did they have to do that .. and if the meocon way was flawless what about aig ... a catastrophe

[hairgrows]

beck is a funny guy. hes one of few that know the truth, and have a tv show to joke about it on.

resist the nwo

[theinsane102]

Money is nothing. Society doesnt need it.

[Decebal825]

go Glenn Beck make it more dramatic by showing m1 figures, too bad most of the money is not the physical form

[jlettis]

Glenn Beck is an establishment pawn. Why are they using him like this? Must be to control both sides of the conversation or some other psycho bullshit. He's completely changed his background, approach and tone and no one is even mentioning it. Michelle Malkin of all people is jumping on board as well. Makes me suspicious, what the hell are these two up to?

[AgnesBojaxhiu2000]

the rushie herbert hoover neocons continue to be the obstruction party of NO ... my way or the highway ... dixie chick i mean ashley judd politics ... they only kind of trillion dollar stimulus bill they want is a blank check for their cronies in the banking industry ... like the last they approved ... where bankrupt bank ceo's get multimillion salaries and the banks have lavish parties on the taxpayers ... but the democrats say no blank check again ... and so the stimulus package will be killed

[yz250thatownsyou]

yay end of the world!

[pasargad22]

giterdun77

philosophically no phenomenon has only one cause or effect.

Carter staged the military coup against Shah. Anglo American establishment includes US president. dddaaaaaa

[Yeuxvert]

One good thing about this crisis: guys like originalrhombus will lose everything because they refuse to buy gold. There is justice in the world!

[originalrhombus]

Ron Paul 2008! Oh, wait... right. The election is over.

I think I have this gang figured out: You were all neo-cons, until you couldn't ignore that your leaders were incompetent criminals anymore. But you hate taxes and you hate government, so you hitch your wagons to the libertarian fringes. Just as nuts, just as far right, but not Bush/Cheney/GOP establishment and therefore A-OK!

There are some places with no government you might like to check out. I hear Somalia's nice.

[originalrhombus]

One good thing about this crisis: guys like Yeuxvert will starve to death when they try to eat the gold they bought and reduce the noise level for the rest of us.

[pasargad22]

Great Video.

However when Nixon abolished Gold reserve he used Middle East Oil reserve

to back up money printing.

When aske who is gonna secure ME Oil reserves he said my buddy Shah. That is why Shah was given latest weaponary including F14. nixon gave Shah 2 promises.

1- he was given printing machine to print dollar

2- Iran Rial (currency) was to be offered in USDX

the rest is history Europeans and Carter screwed Shah and we are where we are.

[giterdun77]

pasargad22, the Shah refused British Petroleum its request for another 25 year exclusive contract in Iran, so the Anglo-American Establishment and Bilderberg Group removed the Shah. Blaming Carter for it is a ruse. Read William Engdahl's "A Century of War".

[Jasman2444]

The smartest guy on Fox News; O'Reilly and Hannity are morons.

[monkeyman1140]

Funny how Glenn beck is talking about money that has been created under the Bush Regime, and is attributing it to obama.

[Elzon1]

Actually, he didn't seem to be attributing anything of what he was mentioning in the video to Barack Obama. To me he just seemed to be preluding to how bad of a situation we will be in soon because of this escalation of printing worthless notes. I would like to understand how you reached the conclusion that he was attributing what he said in the video to Barack Obama, please explain your reasoning.

[NickB1967]

@monkeyman1140: Puhleeze. The Obamunists have printed more in 8 months than the Bushyrovies did in 8 years....

[originalrhombus]

Next thing you'll be telling us is that this is all Barack Obama's fault.

[originalrhombus]

Were you paying attention in economics class, Glenn? I guess not.

You don't like fiscal expansion? Then expansion of the money supply is ALL YOU HAVE LEFT when your interest rate is effectively zero, you have a severe recession and there is a threat of deflation.

I especially love how you try to tie going off the gold standard to the Great Society. It was VIETNAM, and it was NIXON'S IDEA to go off the gold standard.

A propaganda masterstroke, Glenn! Just what we'd expect from Fox News.

[DaChoosiestBeggarer]

Economics class? This isn't even Economics 101, It's Economics for Dummies. You can't print your way to prosperity. Oh yeah, All Heil Lord Obama! When are you scheduled for your next sheering?

[Elzon1]

When are you scheduled for you next sheering! LMFAO! Where do you guys come up with these jokes, lol! Man I would hate to become a sheeple again!

[DaChoosiestBeggarer]

According to your prior messages, you still are part of the herd. Barack Obama has already made it clear that he kowtows to the international banking cartel.

[Elzon1]

I actually left the heard a while ago when I was younger and I never looked back. I already knew that Barack Obama is involved with internation banking cartel. I am not defending Barack Obama I just didn't see how monkeyman1140 could connect what Glenn was saying to Barack Obama, not that Barack Obama can make things better (he will most likely just make things worse). But, I can't belive just how many people are drinking the Obama Juice, its just absurd!

[DaChoosiestBeggarer]

Oh, my bad. Sorry about that! lol I got mixed up with who I am replying to. My comments were directed at the originalhomo or whatever the name is. I used to be a neo-con. I was 18 when I first voted. That was in 2004 and I voted for Dubbya. What a mistake that was! I used to be like "Yeah, Iraq War", Like I said, I was 18 and the funny thing was I never enlisted. It took me a while to wake up and finally drop all neo-con tendencies. I love Glenn's impression of Nixon! LOL

[Elzon1]

Thx for clearing that up. I kind of woke up when I was someshere between the ages of 14 and 15. I didn't vote in 2008 because it didn't seem I really had a choice and I rather not be blamed for voting the "bad" side in. Well, here we are on the road towards another depression, this is going to be an intresting experience. And yeah, that Nixon impersonation was pretty good XD

[originalrhombus]

So, let me get this straight. You left the right-wing fringes and moved on to "batshit crazy"? How is that an improvement? I know, I can guess it -- you're in love with Ron Paul, right?

You didn't need to announce your age, by the way. That was already obvious.

[originalrhombus]

"I already knew that Barack Obama is involved with internation banking cartel."

Banking cartel? You forgot to mention the Zionists!

WooWHEEE! You guys are crazier than I thought.

Fox News -- Fairly Unbalanced!

[giterdun77]

He rocket scientist, read Carroll Quigley's "Tragedy and Hope" to get the extended history on said banking cartel. It's not "conspiracy", it's tangible history.

[originalrhombus]

More like "Economics according to Dummies". "You can't print your way to prosperity"? You think this is about *prosperity*? This is about staying afloat! We need rapid expansion of the money supply because we have a liquidity problem. Look that up.

If your Friedman trickle-down approach had worked we wouldn't be in this mess. It's what 25 years of bending over for Wall Street has gotten us.

Try addressing the points and prove you get it instead of spouting platitudes. Or go back to school.

[DaChoosiestBeggarer]

I'm sorry. You must be so brilliant! Funny thing about the brilliant types is that they usually have no common sense.

If you keep printing up more dollars the less rare they become therefore less valuable. Like diplomas that kids get at SCHOOL. What the hell are they worth if everyone's got alot of them? Go ahead and keep your money in dollars then! I dare you! Dollars used to be diamonds but soon they'll be worth dirt. How do you like that platitude!

[giterdun77]

Excessive printing of money to avert deflation is actually a very Friedman-esque way of doing things, genius. And correction: This is a *credit/solvency* crisis, not just a liquidity crisis, so printing money ad naseum won't save the ship. Keynes called it "pushing on a string" for a reason. Try reading Austrian economics in lieu of public school misdirection on the subject...

[originalrhombus]

Only because Friedman was a monetarist.

Yes, we have both a solvency *and* a liquidity crisis.

Now, I'm no genius ;) but *this* genius Beck is getting his monetary expansion and fiscal expansion confused and calling one thing the other. No matter, though - what we need right now is *both* - otherwise we can hang the "going out of business" sign on the United States.

What good is fixing the banking insolvency if it doesn't translate into liquidity?

[giterdun77]

You're missing the point. Banks *will not lend* as long as there is a confidence crisis, and no amount of injected liquidity can necessarily reverse said crisis. If anything, the more funny money is printed by an unaccountable Fed, the weaker said confidence gets. What you see before you is simply the corrupt Fed bailing out its core constituency - bankers - before the roof caves in fully on the country's economy. The Fed MUST END, and by any means necessary. PERIOD.

[originalrhombus]

If you nationalized the banks the way the Swedes did in 1993, you could force them to lend because now you'd be the new owners. But that's anathema in the United States, even if it's been proven to work.

You want to get rid of the Federal Reserve. What do you propose to replace it with?

[giterdun77]

In America, nationalizing the banks would be cosmetic. Who do you think *owns* the Federal Reserve in the first place?!? The citizenry?!? Besides, you're begging the answer to your follow-up question. Do away with the Fed, return the dollar to sound money status vis-a-vis the gold standard (which Obama will do anyway like FDR did in '34), and return the means of money printing and ownership to the Treasury, Mint and US Congress like the US Constitution intended.

[originalrhombus]

What has the Federal Reserve got to do with nationalizing the banks, even if I accept your totally preposterous assertion that they "own" the Federal Reserve?

Now I *know* you're nuts: You want to toss one of the most powerful weapons in the policy arsenal in the trash. "Sound money" fixes the money supply (bad idea, especially now) and it isn't any less susceptible to speculative bubbles.

If you guys stop smoking Peter Schiff's hair he might have some left.

[giterdun77]

"Totally preposterous"?!? Do yourself and your family a massive favor and invest in some monetary history. Read "The Creature from Jekyl Island", "Tragedy and Hope" and/or "The Case Against the Fed" for some viable longterm perspective.

The Fed is a *privately held* institution. I.E. owned by bankers (many of them foreign-based). And your policy arsenal will result in German-style hyperinflation and a global dollar crash, I GUARANTEE YOU. Wake up, champ, Milton Friedman is dead.

[originalrhombus]

That you think I am a proponent of Friedman-style monetarism... well, that's funny, that's all I can say.

But this is an ideological argument. The "Austrians" are full of BS. I don't accept their central assumption that manipulation of the money supply causes economic cycles. Everything runs from that

Market fundamentalism has been shown time and time again to lead to disaster, because it doesn't and can't take all factors into account. Perfect markets need perfect information.

[giterdun77]

Your final two sentences above support the Austrian view of economics. For you to deny governmental intervention in our "free markets" bespeaks ignorance, or worse, being coy. Google the President's "Working Group on Financial Markets" for proof of said manipulations (certainly of the metals and equities markets).

[originalrhombus]

... and if private stakeholder stockholding equates with "private institution owned by foreign banks" in your mind, then there's no point in further discussion.

It's been a slice! Give my best to Ron Paul. Pass the nuts.

(Oh, before I go -- have you heard? The New World Order is going to fuse the NAFTA currencies into an Amero -- right after it finishes kicking ass in Wrestlemania 91. Tickets at Ticketmaster.)

[giterdun77]

You're at best vulgar; at worst, catastrophically clueless. A cast member in the film "Idiocracy", which was more documentary than satire, BTW. Crack open a history book - preferably one I suggested above, and turn off NPR/CNN/CNBC/Bloomberg for a sec. Act fast before your equity vanishes due to your obllviously placed and uninformed sense of 'optimism' - the same type that ran up the mortgage/housing bubble in the first place. You're out of your league, champ. Seriously.

[lolland30]

it worked in Norway aswell, they got comercialised again, but the temporary nathionalisation avoided a burst bubble turning into a major recession in the 90s

as for gold standard, one thing that Schiff , Paul fails to undermine is how hard it is to have an oversight over "hidden" gold reserves in the world, creating huge chances of manipulating a currency tied to gold

the reason gold standard used to work was that the world was transparent and slow in those times (compared to now)

[DaChoosiestBeggarer]

A threat of deflation?!!! LOL You're a joke. The interest rates aren't effectively zero, they are zero. We'll all be millionaires, in the worst way possible, soon enough thanks to people who think like you.

[originalrhombus]

"The interest rates aren't effectively zero, they are zero."

Well, not technically, but whatever.

Either way, that's even more reason to expand the money supply. There are rare times when you need inflation and when devaluation of the currency is desirable. This is one of them.

This is why they say "a little bit of knowledge is a dangerous thing", and why people like you aren't running the Federal Reserve.

But keep ranting if it makes you feel better. Fortunately, nobody is listening.

[giterdun77]

There is no credible bottom to the property price drops. Just like with Japan in 1990 - present. We are in deflation. Open the window a bit...

[DaChoosiestBeggarer]

Printing paper currency like there is no tommorow has never worked, ever. Why do you and others think that it is going to work now?