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Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'

 
Jake

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09/21/2019 08:21 PM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
You have to put this in context as to what is going on now, in 2019 and not make assumptions from 2008.

Where is this money going?
 Quoting: Anonymous Coward 76166984


The money is keeping the Banks Liquid.
Without this emergency funding many Banks would be insolvent.
In other words the next Financial Crisis is coming soon.
 Quoting: Anonymous Coward 78012462


yeah but even in his video he is not sure why?

are they having to cover the interest on their bonds that

are now at a higher interest rate because of the fed raising rates or is something else going on?
Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance!

Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes."
Anonymous Coward
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09/21/2019 08:24 PM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
So how is this self-made "crisis" going to be any different than 2008?

The big players and banks will never have to pay off their debts/creditors... they just declare that they're insolvent, and the Fed either bails them out with cash or buys the distressed company to absorb the shock.

You can bet the executives and presidents of every bank and corporation will eject with a golden parachute, screwing over all of their employees, and the Fed will pass the financial burden onto the U.S tax payer, again.

We let them get away with it so cleanly last time, what incentive do they have to change anything?

Buckle up, got a feeling this is gonna be WAY worse than 2008! In the wake, there will be surfs/peasants and the kings... which was their plan all along. US middle class is all but dead right now anyway...
Anonymous Coward
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09/21/2019 08:24 PM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
We may be witnessing the real danger of the Ponzi -like scheme known as fractional reserve banking.
When the wealth created from loaning money that does not exist gets converted into assets like real estate or gold and silver.. it logically would put pressure on the supply of (let’s call it) real money, even though many are skeptical that any money is real except silver and gold.
This is possibly why there is a shortage of Money.
 Quoting: Anonymous Coward 74671300


That's why Russia and China ate stockpiling gold like crazy. Eventually all those digital trillions created out of thin air won't be able to be converted to anything real.
Anonymous Coward
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09/21/2019 08:29 PM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
You have to put this in context as to what is going on now, in 2019 and not make assumptions from 2008.

Where is this money going?
 Quoting: Anonymous Coward 76166984


The money is keeping the Banks Liquid.
Without this emergency funding many Banks would be insolvent.
In other words the next Financial Crisis is coming soon.
 Quoting: Anonymous Coward 78012462


yeah but even in his video he is not sure why?

are they having to cover the interest on their bonds that

are now at a higher interest rate because of the fed raising rates or is something else going on?
 Quoting: Jake


Search for the Reuters article, "The Fed has a repo problem"

They are blocked on this site.

This article puts a little more of a sunshine and unicorns feel on the subject. And also gives a "why".

However, I am still thinking about moving some cash to a local credit union. This just seems too far out of the norm for me.
MlCHAEL

User ID: 75756457
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09/21/2019 08:48 PM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
You have to put this in context as to what is going on now, in 2019 and not make assumptions from 2008.

Where is this money going?
 Quoting: Anonymous Coward 76166984


The money is keeping the Banks Liquid.
Without this emergency funding many Banks would be insolvent.
In other words the next Financial Crisis is coming soon.
 Quoting: Anonymous Coward 78012462


yeah but even in his video he is not sure why?

are they having to cover the interest on their bonds that

are now at a higher interest rate because of the fed raising rates or is something else going on?
 Quoting: Jake


The FED is forced to raise and lower yield rates based on the productive members of society.

The productive members of society have reached their maximum potential to supply the demand by the consumptive members of society.

"The Pareto principle (also known as the 80/20 rule, the law of the vital few, or the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes. Management consultant Joseph M. Juran suggested the principle and named it after Italian economist Vilfredo Pareto, who noted the 80/20 connection while at the University of Lausanne in 1896"

Current breakdown of the US workforce.

Agriculture: 0.9%
Industry: 19.1%
Services: 80%

Agriculture + Industry = 32 Million = Net producers.

Services = 128 Million + The rest of the population = 295 Million = Net consumers.

32 Million are the producers of yield while 295 Million are the consumers of yield.

The demand by the net consumers or consumptive members of society has become greater than the net producers or productive members of society can supply.

as long as the supply is greater than the demand there is a boom until the demand becomes greater than the supply and then there is a bust.

Just like the last recession and the last one and the last one.

Been like this for centuries and centuries.
MlCHAEL
Anonymous Coward
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09/21/2019 09:00 PM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
scary
Anonymous Coward
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09/21/2019 09:13 PM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
You have to put this in context as to what is going on now, in 2019 and not make assumptions from 2008.

Where is this money going?
 Quoting: Anonymous Coward 76166984


The money is keeping the Banks Liquid.
Without this emergency funding many Banks would be insolvent.
In other words the next Financial Crisis is coming soon.
 Quoting: Anonymous Coward 78012462


yeah but even in his video he is not sure why?

are they having to cover the interest on their bonds that

are now at a higher interest rate because of the fed raising rates or is something else going on?
 Quoting: Jake


That is a good question as to what is triggering this event.
There are only two things I can think of.
1. Major unreported Defaults taking place.
or
2. This is a "Man Made" event to cause a Collapse.
MlCHAEL

User ID: 75756457
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09/21/2019 09:14 PM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
The FED began raising yield rates prior to the last election.

Why?

Exhaustion.

Consumers began to slow their requests for commercial banks to supply them with credit in 2015

When this happens the supply of credit in the system begins to stop expanding and begins to contract.

The flow through the bond markets slows which leads to there being more supply of bonds in relation to the demand for them.

The bonds collapse in price which causes yields to rise which forces the FED to increase their posted rates.

This was going on since 2015 till the beginning of 2019.

Yields rose into the 2000 election followed by the tech wreck/911

Yields then rose into the 2008 election followed by the housing implosion.
MlCHAEL
Anonymous Coward
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United States
09/21/2019 09:18 PM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
First, Glen Beck is a bloated RINO.

Second, if you didn't see 2008 coming, you were intentionally stupid.

What is going on now is an attempt to intentionally crash the US economy.

Hint: The former head of the Fed openly called for this, in order to tank Trump's reelection chances.

I hope Trump outright destroys the Fed and tells them to stuff their 99 year contract right up their Israeli asses.
Anonymous Coward
User ID: 78012462
United States
09/21/2019 09:26 PM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
You have to put this in context as to what is going on now, in 2019 and not make assumptions from 2008.

Where is this money going?
 Quoting: Anonymous Coward 76166984


The money is keeping the Banks Liquid.
Without this emergency funding many Banks would be insolvent.
In other words the next Financial Crisis is coming soon.
 Quoting: Anonymous Coward 78012462


yeah but even in his video he is not sure why?

are they having to cover the interest on their bonds that

are now at a higher interest rate because of the fed raising rates or is something else going on?
 Quoting: Jake


Search for the Reuters article, "The Fed has a repo problem"

They are blocked on this site.

This article puts a little more of a sunshine and unicorns feel on the subject. And also gives a "why".

However, I am still thinking about moving some cash to a local credit union. This just seems too far out of the norm for me.
 Quoting: jt210


Everyone needs to make sure they have enough cash on hand as well. Most people do not know that the Banking Laws have changed after the last crisis. Now, When you have a Bank account you are considered an "Investor". When/If a Bank collapses you will have to "Get inline" after all the other investors to get any money back(Just like in Bankruptcy Court).
Big Duke6

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09/21/2019 09:38 PM

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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
75 billion is a lot but I just saw on NBC Money last week how Germany has printed up and given out loans for over 14 Trillion at zero interest.

I don't even know how that is possible
 Quoting: Jake


Its what the money lenders have always done ... they'll be fine, don't you worry.

Everyone else is left holding the steaming bag of shit they, and their crooked political hack buddies stuffed.
Anonymous Coward
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09/21/2019 09:38 PM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
All the money is going in cryptocurrencie
redhed6971

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09/21/2019 09:45 PM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
I would definitely get my ass of financials now for a while and rethink my FAANG portfolio. Of course big box retail sucks anyway so don’t go there time to get liquid folks. At least til after the first of the year. Might as well have a tax write off than a huge debt issue. Oh yea international mutual funds— should have bailed last November when this shit started. Which I may fire my broker over.

Last Edited by redhed6971 on 09/21/2019 09:46 PM
“Quite an experience to live in fear, isn't it? That's what it is to be a slave.”
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Anonymous Coward
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09/21/2019 09:59 PM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
harry s dent is also calling for the slipppery slope to pooptown
Anonymous Coward
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09/21/2019 10:01 PM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
harry s dent is also calling for the slipppery slope to pooptown
said little jim rickety
Anonymous Coward
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09/21/2019 10:49 PM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
Bump

Got a bad feeling about all this
Anonymous Coward
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09/21/2019 11:09 PM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
You mean glen beck who fired everyone he forced into moving to Texas so he could buy a new jet Glenn beck ? He is my hero, guess he needs another new jet so pump and dump
Anonymous Coward
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09/21/2019 11:11 PM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
Ban the words Glenn Beck together.
ONeillSG1

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09/22/2019 12:30 AM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
This is all bank and Fed (a private bank) caused.

"I believe that banking institutions are more dangerous to our liberties than standing armies." - Thomas Jefferson
"Peace in our time? All it took was everybody about to die."

“The way I see it, there’s only three kinds of people in this world. Bad ones, ones you follow, and ones you need to protect.”

- Amos Burton
Anonymous Coward
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09/22/2019 12:35 AM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
Beck said the markets would crash once Trump was sworn in. Then it was after his first year, then his second year.

Now as we approach Trump’s third year, Beck is claiming another recession. He’s bound to be right once but not this time.
 Quoting: Anonymous Coward 77635505


This is not a “Beck Prediction”.

This is about the banks not having any cash. So little cash that the Fed stepped in.

For the FIRST time since 2008.

Then they stepped in again for a second night.

Then a third. And a fourth. And a fifth.

Now saying this will continue for several weeks.

It was a red flag that they needed to do this for even ONE night.

This is not “somebody has a feeling that maybe something might maybe happen”.

The. Banks. Have. No. Cash.

Don’t know what will happen, but this is the most tangible indicator of an imminent problem we have had in 11 years.
 Quoting: Anonymous Coward 77151235

hesright
Anonymous Coward
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09/22/2019 12:43 AM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
[link to www.theblaze.com (secure)]

'The last time the banks were doing this to shore up their balance on the sheets was in 2008'
 Quoting: 2211 2804236


You dumb slaves dug your graves in w008.
Anonymous Coward
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09/22/2019 01:21 AM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
Nothing will happen.
Shazzaam

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09/22/2019 01:24 AM

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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
Well at least they wont be able to blame Hitler for this cluster fk.
All my post are theatrical artistic writing .
Anonymous Coward
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09/22/2019 07:39 PM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
Bump
Loup Garou

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09/22/2019 07:45 PM

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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
Russel J. Gould , David Wynn Miller

In 1999 the USA was quietly being taken over by Great Britain but a great patriot named Russel J. Gould used
Title 4, U. S. Flag and logged it in with the United Nations becoming a sovereign successor to Great Britain

USA - Federal Reserve Bank

[link to en.wikipedia.org (secure)]

Just because YOU don’t believe
in the Rougarou; or the Loup Garou, don’t make you safe; No !

The Constitution is a blend of 'moral certitude' -- which is one of the reasons that criminals are determined to be rid of it and We the People must be even more determined to defend it.

"If there must be trouble, let it be in my day, that my child may have peace." - Thomas Paine

The only thing the Illuminati fears is an independent person who can live, eat, sleep, stay warm and defend themselves separate from Federal help. Pray that the Lord gives us more time! The End is near and time is short!

A fool takes no pleasure in understanding, but only in expressing his opinion. ~Proverbs 18:2


For those who understand, no explanation is needed. For those who do not understand, no explanation is possible

"A candle loses nothing by lighting another candle" - James Keller

Checkd, Keked, and Rekt!

#Kids2
Loup Garou

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09/22/2019 07:47 PM

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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
Russell Gould
[link to i-uv.com]




[link to www.youtube.com (secure)]
Just because YOU don’t believe
in the Rougarou; or the Loup Garou, don’t make you safe; No !

The Constitution is a blend of 'moral certitude' -- which is one of the reasons that criminals are determined to be rid of it and We the People must be even more determined to defend it.

"If there must be trouble, let it be in my day, that my child may have peace." - Thomas Paine

The only thing the Illuminati fears is an independent person who can live, eat, sleep, stay warm and defend themselves separate from Federal help. Pray that the Lord gives us more time! The End is near and time is short!

A fool takes no pleasure in understanding, but only in expressing his opinion. ~Proverbs 18:2


For those who understand, no explanation is needed. For those who do not understand, no explanation is possible

"A candle loses nothing by lighting another candle" - James Keller

Checkd, Keked, and Rekt!

#Kids2
G3

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09/22/2019 08:40 PM

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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
bump
Anonymous Coward
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09/23/2019 08:03 AM
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Re: Glenn Beck issues fiscal warning — just like he did before the 2008 financial crisis: 'Something is very wrong'
You have to put this in context as to what is going on now, in 2019 and not make assumptions from 2008.

Where is this money going?
 Quoting: Anonymous Coward 76166984


The money is keeping the Banks Liquid.
Without this emergency funding many Banks would be insolvent.
In other words the next Financial Crisis is coming soon.
 Quoting: Anonymous Coward 78012462


yeah but even in his video he is not sure why?

are they having to cover the interest on their bonds that

are now at a higher interest rate because of the fed raising rates or is something else going on?
 Quoting: Jake


The FED is forced to raise and lower yield rates based on the productive members of society.

The productive members of society have reached their maximum potential to supply the demand by the consumptive members of society.

"The Pareto principle (also known as the 80/20 rule, the law of the vital few, or the principle of factor sparsity) states that, for many events, roughly 80% of the effects come from 20% of the causes. Management consultant Joseph M. Juran suggested the principle and named it after Italian economist Vilfredo Pareto, who noted the 80/20 connection while at the University of Lausanne in 1896"

Current breakdown of the US workforce.

Agriculture: 0.9%
Industry: 19.1%
Services: 80%

Agriculture + Industry = 32 Million = Net producers.

Services = 128 Million + The rest of the population = 295 Million = Net consumers.

32 Million are the producers of yield while 295 Million are the consumers of yield.

The demand by the net consumers or consumptive members of society has become greater than the net producers or productive members of society can supply.

as long as the supply is greater than the demand there is a boom until the demand becomes greater than the supply and then there is a bust.

Just like the last recession and the last one and the last one.

Been like this for centuries and centuries.
 Quoting: MlCHAEL


This is the concept of “the wheat and the tares” Jesus spoke of in the Bible.

He said in the last days, the tares (net consumers) would outnumber the wheat (net producers).





GLP