Stock market CRASH: What does Warren Buffett know that we don't??



Americans woke up on Monday morning to a stock market plunge after a bad day on Friday. The Dow plummeted hundreds of points, Warren Buffett is selling stocks like crazy, and to top it all off, Japan’s stock market had its worst day since 1987’s Black Monday.

Glenn Beck is understandably worried.

“Friday, we had a bad jobs report. We’re still not in a recession; indicators are showing that we’re headed towards one, but the indicators have been wrong before. We are headed towards one; we’re headed for a depression at some point,” Glenn Beck warns.

Glenn is concerned about what this might mean for ordinary Americans and the United States economy and consults financial expert Carol Roth for some advice.

Roth explains that while the Fed did not lower rates, it might be on the table in September.

“Normally, you would say, ‘Okay, the market wants the Fed to cut rates,’ but what happened is then we got a weak job report on Friday, and while sometimes the bad news can be good news for the market, in this case, they took it as bad news,” Roth tells Glenn.

“The Fed was behind the curve in terms of lowering rates,” Roth continues. “They felt like maybe this whole idea of a quote ‘soft landing,’ the idea that you can get the inflation down without wrecking the economy, is off the table.”

However, while it doesn’t look good, Roth says that “if there is any silver lining here,” it’s that the market did not open back up and continue to fall.

But there are still major indicators that something strange is going on, and one of them is Warren Buffett’s recent behavior.

“Another catalyst that we’ve seen is Warren Buffett,” Roth says. “He had lessened his position in Apple by about 49%.”

“That’s not lessening. That’s cutting it in half,” Glenn says. “He’s making some of the biggest sales he’s ever made. It’s almost as if he’s becoming bullish on America. What does he know that we don’t know?”

“Starting in 2019, he doubled down on Japan. So he has five really big companies and really big positions in Japan. So the day that we’re talking about Japan going down and at the same time the U.S. is going down,” Roth says. “It is interesting.”


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'Really SCARY': The IRS just spent $700,000 on AMMO — and is now adding 87,000 new 'enforcement' agents



The Democrats' wonderfully named "Inflation Reduction Act," which passed in the Senate on Sunday, includes a massive expansion of the IRS. President Joe Biden wants to hire 80,000 new agents, and of course, this is for totally non-nefarious reasons, like cracking down on all those evil billionaires committing tax fraud.

Financial expert and author of "The War on Small Business" Carol Roth joined Glenn Beck on the radio program to explain who she believes this expansion will really target.

\u201cBiden isn't trying to hire 87,000 new IRS agents to go after 800 or 900 billionaires.\n\nEnjoy your audits.\u201d
— Carol Roth (@Carol Roth) 1659117049

"The Democrats like to pretend that they are the party of the middle and working class, and the Biden administration has continued to find ways to extract wealth from the middle and working class," Carol began. "We saw it in the American Rescue Plan, where they raised the reporting threshold for any sort of hobby site you might have ... down to $600. Now, and this was part of Build Back Better which we thought was dead but now is just coming back in pieces, and this piece has survived — $80 billion for the IRS. Half of that ... is going to hire 87, 000 agents for 'enforcement,' okay? We don't need 87, 000 agents to go after what was 800 or 900 billionaires ... so, who do you think they're coming after?" she added.

"They're going to come after you," Carol warned. "You should pay your taxes that are due, but that doesn't mean you're not going to get audited, and that doesn't mean you're not going to have to justify every single thing that you do and waste your time and money so they can try and extract a few more dollars from you."

Glenn mentioned that the IRS has recently purchased nearly $700,000 worth of guns and ammo to go along with these 87,000 new "enforcers."

"That is really frightening," Glenn said. "They're not going after the rich ... they're going to go after anyone who disagrees with them. And because it's now public-private partnerships, any business that doesn't agree with them."

\u201cRemember that the govt and IRS doesn\u2019t have a revenue collection problem. They collected more than $4 TRILLION last year. They have a spending problem, and a power and control complex.\u201d
— Carol Roth (@Carol Roth) 1659965663
\u201c@caroljsroth Why audit people that can afford good lawyers and accountants when you can audit those that can\u2019t?\u201d
— Carol Roth (@Carol Roth) 1659117049
\u201c@perspectvortex @caroljsroth Statistically, taxpayers, earning less than $25,000 annually, have an audit rate of 0.69%, more than 50% higher than the overall audit rate. It also means low-income taxpayers are more likely to get audited than any other group, except Americans with incomes of more than $500k\u201d
— Carol Roth (@Carol Roth) 1659117049
\u201c@caroljsroth The democrats would never weaponize a government agency against their political foes.\n\nWould they?\u201d
— Carol Roth (@Carol Roth) 1659117049

"Yeah, this is really really scary," Carol agreed. "And the crazy thing is the number of people who gave feedback and said, 'Well, if you're not a tax cheat, what do you have to worry about?' You've hit the nail on the head, Glenn. The politicization of this is they're going to come after people, they're going to harass you, they're going to tie up your time, they're going to tie up your money, regardless of whether you have followed the rules or not."

Watch the video clip below to catch more of the conversation. Can't watch? Download the podcast here.


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'This is INTENTIONAL': Financial expert says Democrats are ruining economy 'on purpose’ — here's why



Former investment banker Carol Roth joined Glenn Beck on the radio program to answer his latest questions regarding the economy: Are we in a recession, despite what the White House claims? At what point do the Fed’s interest rate hikes become dangerous? And how are we expected to bring down inflation when interest rates continue to climb?

No matter what the White House says, the economy is not healthy, and spending billions of dollars on the "Inflation Reduction Act" won't fix inflation. The reality is that the Fed's tools can't fix the supply and demand imbalance "unless the Fed can stop printing money and start printing oil and printing food," Carol quipped. "But they're really focused on the demand side, not the supply side. What we need to be focused on is how do we get more supply in these key areas so that we balance out that from the supply side, not the demand side," she explained.

\u201c-There will be no inflation \n-Inflation is transitory \n-Inflation is good for you\n-Inflation only hurts the rich\n-Inflation is consumers\u2019 fault\n-Inflation is greedy biz\u2019s fault\n-Inflation is Putin\u2019s fault\n-Recessions mean something else!\n-Breadlines are a great way to meet people\u201d
— Carol Roth (@Carol Roth) 1659019694

Carol emphasized that the "Inflation Reduction Act of 2022," which is now backed by West Virginia Democratic Sen. Joe Manchin, will only make things worse —and the Democrats know it.

"[Senate Majority Leader] Chuck Schumer (D-N.Y.) came out and said it, [the Inflation Reduction Act] is Green New Deal Light. This is about spending more money on their climate hoax instead of fighting inflation. He put it out there, it's in a tweet ... they're saying the quiet part out loud. They don't care; this is what they're trying to do," she added.

\u201cNarrator: we knew it wasn\u2019t about reducing inflation\u2026\u201d
— Carol Roth (@Carol Roth) 1659100143
\u201c@caroljsroth @seanzy25255 The only REDUCTION made will be to our wallets\u201d
— Carol Roth (@Carol Roth) 1659100143
\u201c@caroljsroth Oh sure, Ms. Smarty Pants, next you're going to tell us that the Affordable Care Act wasn't about making health insurance more affordable.\n\nWhy, just look at the cost data since it was implemented!!! I mean...\n\n...ummmmm...\n\n...hey, wait a second here...\u201d
— Carol Roth (@Carol Roth) 1659100143
\u201c@caroljsroth Solzhenitsyn- They lie. We know they are lying. They know we know they are lying. They lie anyway.\u201d
— Carol Roth (@Carol Roth) 1659100143
\u201c@caroljsroth @rollypoly31 I\u2019d love a little Chuck Schumer reduction.\u201d
— Carol Roth (@Carol Roth) 1659100143

"I'm calling it 'the Great Reset-sion,'" Carol said. "This is intentional. They are doing this to us on purpose."

Carol went on to explain what this all means for you and what's still to come. Watch the video clip below. Can't watch? Download the podcast here.


Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis, and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.