A law was introduced in the '90s that was sold as a way to shore up the financial system. Now, Glenn Beck warns, it could destroy your financial investments.

While the law claimed to help, in reality, it was a way to bail out big financial institutions by allowing them to use your investments as collateral in the event of a financial collapse.

States changed Article 8 of the Uniform Commercial Code, a state law passed in all 50 states. This change meant that investment intermediaries like Merrill Lynch or Fidelity hold your actual stock on behalf of you. The change means that you, the purchaser, don’t actually own your investments. The stock broker or the intermediary does.

Glenn says that it means, “hopefully, nothing.”

“However, if you believe the banking system is weak. If you believe that you could see a major shift with a catastrophic black swan, it could mean you lose everything,” he continues. “It takes the insane ‘you’ll own nothing’ promise to a whole new level.”

The change also allows for stock brokers and other intermediaries holding your investment to use them as collateral in their own financial agreements.

“The reason why this is so dangerous is if the intermediary goes bankrupt, the stock you think you own can be taken by another big financial institution who’s owed money by that bankrupt stock broker, and they’ll take your fund to cover it,” Glenn explains.

While the law could deliver a devastating blow to the average U.S. citizen, there are states fighting back.

“The first state is now fighting back on this, and it’s South Dakota,” Glenn says, but “more help is needed.”

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Financial expert ANSWERS: Should you pay off your debt NOW?

Carol Roth, financial expert and author of “You Will Own Nothing,” is a wealth of information on the current situation we’re facing in America.

Glenn Beck sat down with her to ask her just what the American people need to know in order to make their own informed decisions as the dollar weakens, inflation rises, and the government rolls out Fedcoin.

First, they agree that it’s important to get any grief out now.

“You are going to go through grief as we lose some of the things that we have always traditionally known. It’s better to do it now than it is when the time comes,” Glen warns.

Roth agrees, adding, “We may not be able to stop the train from going off the tracks, but I can personally take shelter. That’s what you have to do; you cannot panic here. You have to prepare and say, ‘What is it I can do? I might not be able to, you know, stop the new financial world order, right, that’s a huge tall order — but what can I do in my life to make myself more secure?”

One of the questions Roth is asked is whether or not Americans should be paying off their debts.

Roth answers, “People sometimes don’t differentiate between debt that is used for spending and debt that is used for investing. There’s good debt and bad debt. You don’t want to be taking on debt for your spending, but you want to be able to use it productively for an investment.”

But what happens to debt if it all goes south?

Roth says that “if the dollar loses purchasing power, it’s actually good for your fixed-rate debt,” because then your “debt is really in a sense worth half as much as it was today in the future.”

She reminds Glenn’s listeners that she’s not a financial adviser and it’s not financial advice — but all this is just “things to think through.”

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THIS Fed program is STEP #1 to losing FINANCIAL CONTROL

The government might have rushed the vaccine, but it hasn’t been rushing its precious new digital payment system.

In fact, its been working on it for years.

The Federal Reserve has been developing a program called FedNow, which is set to launch in just a few months — and it is absolutely terrifying if you value your money and freedom.

The FedNow promotional video essentially explains, via goofy animations, that its main reason for existing is convenience. Convenience to send and receive faster payments, because it takes so long to head to the bank.

The human, tangible way is just so much harder.

The FedNow system is taking applicants beginning next month, and its launching this July.

Glenn jokes that it’s “for your independence, for your freedom, for your security, for your benefit” — and it’s definitely not to introduce central bank digital currency or to track every dime that you spend.

Then he gets serious.

He says, “It’s really important that you stop this dead in its tracks.”

He continues, “Here’s the problem with central bank digital currency: There is no physical cash. There’s even [a physical aspect] with Bitcoin — you can take it on a thumb drive and you stick it in your pocket, or you can move it from one off-ramp to another. Just memorize your seed phrase, that’s all … but it’s yours.”

CBDC is not.

“CBDC is electronic, and it’s ONLY in FedNow. It’s only in the Federal Reserve System.”

Basically, if you give in to FedNow, you will own nothing. You’ll have no privacy.

And according to our overlords, you will love it.

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Department of Labor quietly issues INSANE new rule for YOUR retirement savings

Just before the holidays, the U.S. Department of Labor quietly finalized a new rule that completely changed standard benefit plans for the American worker.

Since 1974, something called the Employee Retirement Income Security Act has ensured that managers of retirement plans must act "solely in the interest" of employees and beneficiaries. The rule was designed to ensure that your financial interests are the top priority when planning for your retirement — but now that’s all changed.

Carol Roth, financial expert and author of "The War on Small Business," joined Glenn Beck on the radio program to explain this new, "egregious" Department of Labor ruling and how it puts your retirement entirely at risk.

"This [ERISA] was this one of those really good laws ... they're few and far between, but this was a really good thing for you to have protection so when somebody is managing your retirement funds in a retirement plan, they have to select, monitor, and cast shareholder votes based on your best financial interest," Carol explained.

"And, by the way, the Trump administration had put extra rules in place specifically around ESG, and so this was done to undo that, then take it a step further. So now they're saying they can favor ESGs or something called ETIs, economically targeted investments. So you can only imagine what that would look like," she continued. "So basically, they're now giving financial cover — and this again is now a Department of Labor rule which needs to be challenged in the courts — saying that we no longer have to have your best interests, if we're managing your funds, at heart. We can do whatever we want. This codifies business-social credits. Codifies it."

"Look at what's going to happen," Glenn said. "People are going to their retirement, or pieces of it, and then they will look to the government to fund their retirement even more. This is insanity! It is a rat trap!"

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