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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US federal debt has hit RECORD high — does America stand a chance?



The Biden administration has set an incredible new record, as the U.S. federal government’s public debt has skyrocketed to an unprecedented $35 trillion.

Data released from the U.S. Treasury Department revealed that the gross national debt hit $35,001,278,179,208.67 — which equates to $104,497 per person in the U.S.

In early January this year, the U.S. had hit $34 trillion in debt.

Pat Gray and Keith Malinak of “Pat Gray Unleashed” are in shock.

“I just want to point out that back around the year 2000, U2 lead singer, Bono, was campaigning to get the debt of African nations erased,” Malinak laughs. “I would like to submit the United States of America for the next jubilee celebration, Bono, at our $35 trillion.”

“This is insane, man,” he adds.

Gray doesn’t think Bono is going to be able to do much to save our republic.

“The only thing that could save us — and I don’t know that this saves us or ends us — but when inflation gets to the point where we’re the Weimar Republic, then we’ll just pay off the debt with, you know, this morning's salary,” Gray laughs, adding, “like they did in Weimar.”

While they might be joking now, they are incredibly concerned as to what this means for America.

“It’s trouble,” Malinak says. “This is part of why people today can’t afford homes. This is all connected here. This is not good.”


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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.


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Mike Rowe: America will take 'another pie to the face' if Biden's Inflation Reduction Act doesn't reduce inflation



Former "Dirty Jobs" host Mike Rowe criticized the rhetoric used by Democrats to describe their multi-billion dollar climate spending and tax bill, dubbed the "Inflation Reduction Act," saying Americans will see past the bill title and judge it based on whether it improves the economy.

"Can we have bills that actually do what they say in their title?" Rowe asked on "Fox & Friends" Tuesday morning.

He continued, "Now, if the Inflation Reduction Act truly reduces inflation, then we can start with a conversation about the nuts and bolts of the bill. But we've come to the point where nothing actually means what it says. And that gets us into an emperor's new clothes kind of mentality, where it's not one kid in the crowd going, 'Hey, that guy's naked.' It's the whole country going, 'Wait. Again with this? Again with the name of a thing that doesn't seem to reflect the thing?' And so we got to peel back the layers and we have to look at it. And then we have to have the conversation: How does this impact the middle class?

"What the heck do I know? If it lives up to its name, it'll impact them in a positive way. If it doesn't, it's another pie in the face," Rowe said.

The Inflation Reduction Act has been lauded by Democrats as a historic investment in green energy to save the climate and in policies that will force the wealthy to "pay their fair share" in taxes and reduce the deficit to fight inflation. The bill imposes a 15% minimum tax on corporations with profits over $1 billion, spends about $80 billion to ramp up Internal Revenue Service enforcement, and spends more than $360 billion on tax credits and subsidies to boost the green energy industry.

However, some economists have warned that the Inflation Reduction Act will have a negligible impact on inflation. Analysis from the Tax Foundation estimates the bill will reduce long-run economic output by about 0.2% and eliminate 29,000 full-time jobs in the United States.

Fox News co-host Peter Doocy pointed out that while unemployment is at historically low levels, fewer Americans are participating in the economy now compared to before the pandemic, and people are still feeling squeezed by inflation.

"It's almost impossible to have a rational conversation about this because it just flies past people," Rowe lamented.

"Years ago, when I started Mike Rowe Works, the skills gap consisted of 2.3 million jobs. But the headlines every day were the number of people who were unemployed. That's what we were fixated on, 10 million people out of work. So it became impossible to talk about a few million open jobs. Today, you have 7.5 million open jobs and super-low unemployment," he said.

"And we still can't get it into our heads that the existence of all of that opportunity must mean something. It must say something about who we are as a people and what we're elevating in terms of work. And I'm afraid what it says is not really good."

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