Glenn: Prepare your family for impact



Moody’s is a major rating entity that’s been following the SVB failure, and it has now downgraded its rating of the entire U.S. banking system from stable to negative.

Great.

It’s the latest sign, among many others, that what President Biden is telling Americans is far from the truth.

Moody’s also issued warnings for several individual banks with substantial unrealized security losses. And if you don’t know what that means, Glenn Beck has a metaphor for you.

He says, “My son is collecting baseball cards, and he’s like, 'Dad this one is worth —' and I said, 'Son, it is only worth it when you sell it. You can say it’s worth anything and it can even be marked as worth this, but until you sell it, you don’t know what it’s really worth.'”

He continues, “In the case of bonds, an unrealized loss is: I’m counting on my sheet here to be worth this, but if I have to sell it today in a panic, I’ll lose 25%. That’s an unrealized loss.”

While this is all terrifying, he says if you have your money in an FDIC insured bank, do not take your money out.

If all of the banks start to fail, the first thing that will happen is the local banks will fail. And they’ll fail because people panic, and they take their money out.

Even though we are heading toward a Venezuela-style collapse, he says still — do not panic, and do not take your money out of the bank unless it’s not insured.

He adds that the “one thing you have to do is get on the phone with your local state house member, your state senate member, and your governor and tell them you must not pass the UCC legislation ... it’s flying through the House and the Senate and governors are ready to sign this stuff. It has got to be stopped. That will allow only the digital currency coming from the central bank to be considered money.”

Once the government has this, they control your life entirely.

Glenn says this is “not an overstatement.”

The financial collapse is inevitable, and paired with inflation, it is destroying our currency.

The government tells you to stop spending frivolously on things like hiring people for your small business, meanwhile it's spending money at a record unheard of in all of human history.

It is the most anyone has spent, ever. And the American government is doing it right before our eyes.

Glenn continues, “This is poison, but people haven’t been willing to stand up and say it and it is killing all of us. It will enslave our children. People will die because of the insanity that is going on.”

He says, “Exactly what they did to Venezuela is what this group of dangerous clowns are doing to us now.”

“It’s got to stop. Please prepare your family for impact.”


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Glenn explains: This is how SVB collapsed



It would seem obvious that after the 2008 financial crisis, we might have learned a lesson or two.

But we didn’t.

So now, one of the biggest banks in America has collapsed, and it’s all too reminiscent of the past. The question is: How did it happen?

Glenn explains that what’s going on is “a giant shell game” caused by the Fed by raising the rates. He continues, “But if you don’t raise the rates, what happens? Inflation goes out of control. Why? Because we have printed and loaned too much money out.”

So, can you pull it back?

“The way you pull it back in is raising interest rates. If you raise the interest rates, bonds have to pay a higher yield. So, when you buy a bond, you get more money back. And if somebody gets into trouble, they have to sell their bonds exactly like Silicon Valley, and they have to take a haircut — and then the entire thing collapses.”

The most worrisome thing is that it all seems to be done on purpose. How do you make such a colossal, world-bending mistake — over and over again — if it’s not what you have planned?

Glenn says, “This is what the Fed has set out to do. They want to see risky things go away. They want to see failure. They need people who are not stable to go out of business. Stop spending money so we can suck all that money back in.”

He continues, “But when they do collapse it and our economy is in this kind of shape, you then have a domino effect because nobody’s in great shape, and the banks are playing a giant game. So, then people can’t pay the paycheck and then that paycheck fall causes you to default on your auto loan or your house loan and that makes another bank fail.”

What’s going on is that not only are we repeating the 2008 financial crisis, we’ve made the problem much bigger.

Which is obviously terrifying, but Glenn has some advice.

“Work on your spiritual health. Because this is coming, at some point.”

Glenn explains: THIS is how Silicon Valley Bank COLLAPSED


Silicon Valley Bank was shut down by regulators last week, marking the biggest bank failure since the 2008 collapse. So what happened? And what does this mea...

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Roth on SVB bank run: Be prepared for potential contagion



Here’s a story that everyone should be concerned about but not many are talking about.

Silicon Valley Bank is no longer. And now it’s spreading to four other banks.

Glenn Beck sat down with Carol Roth to discuss the fall of one of America’s banks, and she has a lot to say about.

Roth begins, “You want to not panic, but be prepared for potential contagion in the financial services arena.”

After all, she continues, this was “the second-largest bank failure in U.S. history, per the Financial Times, after the 2008 collapse of Washington Mutual.”

In addition, Bloomberg has been reporting that north of 93% of SVB’s deposits were not insured, and did not qualify for the FDIC because of the size of the deposit — or other reasons.

While absolutely concerning, Roth says, “This is a really good lesson.”

How? Well, she’s got an answer. Roth says, “If you are in the fortunate position that you have a lot of deposits with any sort of financial institution, make sure they are FDIC insured, or that you have not exceeded the limit, or that you move them around to different accounts with different names on them, so that you are able to have each of those accounts covered.”

Unfortunately, it's too late for those who had their money in Silicon Valley Bank to receive this tip, as many of them are not going to be getting their money back.

Beck asks Roth a question for the less-financially savvy folk: “What does this mean for the average person?”

Her answer is basically to get prepared.

She says, “Go check your accounts and check that FDIC insurance. Or if you’re with a credit union, they have a similar entity that does credit for credit unions and make sure that you have that insurance. ... Hedge your portfolio. Make sure that you’ve got 5 or 10% of your portfolio in alternative hard assets ... things that you can control.”

While all of this is concerning, there is one element that inspires even more fear.

Roth says the “most concerning about the long term is that they’re going to use this as a cover story for a central bank digital currency.”

Beck agrees.

She continues, “This is a very scary situation that can threaten our freedom, and it can threaten your wealth.”


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Donald Trump Jr. SLAMS bank: ‘They’ll do this to ANYONE’

Donald Trump Jr. SLAMS bank: ‘They’ll do this to ANYONE’