ROOKE: America’s Superpower Status Dealt Another Blow Under Joe Biden
'the economy can't handle any more shocks to the system'
Elon Musk sounds alarm about America's national debt, warning that without action, 'the dollar will be worth nothing'
Wealthy business magnate Elon Musk is sounding the alarm about America's massive national debt, warning that unless action is taken to tackle the problem, the U.S. dollar will become worthless.
"We need to do something about our national debt or the dollar will be worth nothing," Musk tweeted.
The country's national debt is more than $34 trillion, according to fiscaldata.treasury.gov.
Responding to Musk, Ed Krassenstein wrote, "The problem is that no administration wants to take on the National Debt issue because the longterm fix is likely a short term detriment to the economy."
"Well, something's gotta give. We should at least slow down the debt growth," Musk replied.
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GOP Sen. Rand Paul of Kentucky has suggested that the national debt is "greatest threat" to America's national security and warned that "we are threatening the very existence of our currency, and perhaps our country, by this crazy profligate spending."
"The national debt is the greatest threat our country faces — and we are rapidly approaching the crisis point," Republican Sen. Mitt Romney of Utah, Democratic Sen. Joe Manchin of West Virginia, GOP Rep. Bill Huizenga of Michigan, and Democratic Rep. Scott Peters of California declared in a joint opinion piece posted on The Hill. "It is time for Congress to put the interests of the country ahead of political expediency and get us on sound fiscal footing before it is too late."
Republican Sen. Cynthia Lummis of Wyoming has also expressed the view that "our debt is the greatest threat our country faces today."
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If THIS happens to the dollar, YOUR LIFE will COMPLETELY change
What exactly is happening to the U.S. dollar?
Carol Roth, financial expert and author of the upcoming book "You Will Own Nothing," joins Glenn Beck to tell Americans what we need to know — and who we need to look out for.
“It’s Russia. It’s China. It’s China courting Saudi Arabia,” Roth explains, adding that we have some issues when it comes to the dollar.
“Not just with reserves,” she continues.
“But really what puts us in the pole position as well is being a huge piece of the payments.”
According to Roth, we still “dominate” the payment side.
Roth is talking about the global payment system called the Society for Worldwide Interbank Financial Telecommunications, otherwise known as SWIFT. The system powers most international money and security transfers and is used to quickly, accurately, and securely send and receive information.
$100 trillion per month goes through SWIFT, and China currently only accounts for just under 2.4% of that number.
“They are working to claw their way up, they are making — trying to make — deals. They’re trying to convince the Saudis to let, you know, let everybody pay, including them, pay for oil in their currency,” Roth explains.
The Bank of China is even opening its first branch in the capital of Saudi Arabia, Riyadh.
Roth says that the Saudis are “playing both sides of this.”
While the Saudis don’t want to give up their alliance with us, Roth believes “they see the weakness coming from our president” as well as the threat of “green nonsense” that would destroy their own economy.
“Of course they’re going to hedge their bets. China is the largest net importer of oil and on a per capita basis they use a fraction of what we do here in the U.S. So, there’s an opportunity for growth,” she adds.
Glenn is worried.
He explains that the partnership between China and Saudi Arabia and our tense situation with Russia could create a “big shock” that would trigger banks to close — which would be a dire situation.
“What people really have to understand is when it happens, life as you know it in America is completely different,” Glenn warns.
“Correct,” Roth adds.
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This wins as the absolute worst take on Trump's arrest
Andrea Mitchell isn’t just a journalist with MSNBC. According to Dave Rubin, she is now officially the winner of the contest for drumming up the worst take on the Trump arrest.
She said on a panel on MSNBC, “It may or may not be coincidental, but both the DA and the judge are people of color.”
She then told the panel that the two have become “targets” of Trump because of this.
Dave Rubin sits down with Jeffrey Tucker and John Cardillo to discuss what he believes is the worst possible take on Trump’s arrest.
“Guys, I am so tired of this racializing of everything.”
He continues, “I’m starting to think this is projection more than anything else.”
Tucker agrees, saying, “Donald Trump has a huge and hardcore [base] of black American support. ... The race issue is not even a thing anymore, like, if it ever was.”
He believes “the only people who are making it a thing are Trump’s enemies" and that “if you want to find people who are fed up with it and want to get away from all this identity politics, you’re going to find them in the Republican Party.”
Where won’t you find them?
Tucker believes that they “certainly [cannot be found among] the mainstream media or the Democratic National Committee activists.”
Cardillo adds that Trump’s past is the last place you’ll find evidence of racism.
He calls the charges of racism against Trump “preposterous and asinine,” saying, “I mean, you go back in Trump’s history before he was a politician — he was partying with 50 Cent, P. Diddy.”
He continues, “The guy was being celebrated by Jesse Jackson and Al Sharpton back in the 80s and 90s, so it’s a preposterous narrative.”
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BECOMING VENEZUELA? China deal may COLLAPSE the US dollar
Something big is happening to the U.S dollar, and Glenn Beck wants you to be prepared.
“What you think is coming is a recession. What your crazy friends might say to you is coming is maybe a depression. You’d be mistaken. Those are lies. What is coming is a collapse of the dollar.”
He continues, “We’ve never experienced the collapse of the dollar, of the world’s reserve currency.”
This is why the FED is now introducing the FED coin, which is coming to us in July.
Glenn says, “This is exactly what India did, and India is now in the final phase, and they are introducing their FED coin.”
“It’s all about security, it’s the end of your freedom, and you have to be aware because soon — I don’t know when — but it will happen overnight. Soon, everything will be collapsing and the banks will close and there will be chaos,” he adds.
Meanwhile, China has struck a deal with Brazil to ditch the U.S dollar.
“China is putting a deal together with the world,” Glenn warns.
He continues, “China is building itself up as a superpower, and they are replacing our dollar. Once you take the trillions of dollars that are held by central banks in countries like Brazil — all over the world — and they liquidate them, the dollar collapses. We become Venezuela with inflation that you cannot imagine.”
While the news is relentless in its coverage of transgender people and their supposed genocide, it’s not an important topic.
What’s important is what’s happening to our dollar.
Glenn says, “These are the things you should concentrate on."
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The U.S. dollar is in trouble. Here's how YOU can prepare.
The U.S. economy is in trouble, and Americans are feeling it. But thanks to central banks around the world, it’s not just the U.S. dollar facing a potential collapse. The British pound almost collapsed last week and currencies across the world are falling, but there are things we can all do to prepare for what's to come.
On the radio program, Glenn Beck explained how the world’s central banks are pretty much "destroying everything," and why — even though it may seem like it’s gaining strength — the U.S. dollar is facing a potential crash.
Glenn also broke down a list of things you can do to prepare for the worst-case scenario right now.
Watch the video clip below to hear more from Glenn. 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.
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