Acknowledging "I don't know anything about this guy," Beck embraces Alex Jones guest Vickers' theories of "global world government," "new world order"
November 17, 2009 8:06 pm ET
From the November 17 edition of Fox News' Glenn Beck:
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He is not courageous enough to pull the trigger himself, but has a legal platform to make someone else do it for him.
Like most conniving, right wing extremists, these two fools start with the premise that the government and its evil, internationalist minions are craftily conspiring to sacrifice our freedom and our sovereignty upon the bloody alter of the long prophesied New World Order. From this ultimately RELIGIOUS conviction, they work the whole thing backwards, citing various disjointed 'facts' as 'evidence' of this 'conspiracy'. All facts that DON'T support their preordained conclusions are ignored and/or denounced.
Dreck well knows that it is all but impossible to shake his glassy-eyed followers loose from the certainty of his conclusions. The rather hallucinatory Book of Revelations has said it will be so, and so it shall be! They've never even considered for a moment the possibility that that Revelations was never meant to be considered by its author in a literal manner, and that it was merely a coded, metaphorical means by which the Roman world of the early First Millennium could be dissected and criticized within the widely dispersed Christian community without bringing the Roman authorities violently down upon their heads. The Beast referred to in Revelations was not Obama, nor was it intended as ANY 21st Century man. '666' was the sign of the Beast... only it wasn't 666, because they used Roman Numerals back then. In the original Latin text it was DCLXVI, and was a numerological reference to the Emperor Nero, who was actively engaged in the persecution of Christians. HE was the Beast.
And so the rest of us are stuck with dealing with this mythological nonsense nearly 2000 years later, as oily conmen such as doughboy and Jones cash profitably in on the irrational fear and paranoia that they manage to generate. I mean, you could practically see the dollar signs lighting up in Dreck's eyes as he talked about first seeing Jones on some obscure financial show. Here was someone who could help him elevate crazy to new levels.
We are in a recession/depression because of what we are doing. So what are we doing? Maybe trying to recover after a bubble, that Bush allowed happen because he wanted enormous economic growth as he left office, finally burst. A bubble that was driven by greedy executives seeking to make a quick profit on mortgages, which Freddie and Fannie jumped on after the private sector had been doing it for years. A burst bubble that is only being made worse by your tea baggers that just don't want to take responsibility and would rather be hypocritical by saying that the government is passing the debt onto future generations when they didn't complain when Bush raised the budget by $200 billion in 2003 ($200 Billion in pure debt).
I find it rather ironic that we entered into Bush's first term with a budget surplus and a thriving economy, but left Bush's second term with a deficit and a recession. Maybe we shouldn't have spent all that money on a war in Iraq, filling Haliburton's coffers, and providing the wealthy with the means to buy that extra Gulfstream jet. I think we could have done a lot with $700 billion in Iraq War costs over the past six years. I think we could have done a lot with the $1.8 trillion dollars we would have made if the 2001-2003 Bush tax cuts were not enacted. I'm just saying Beck, if you want someone to blame, then you might try looking elsewhere besides Obama, Dodd, and Frank.
Now the Obama administration needs to focus and get the deficit and debt under control or else a collapsing economy and dollar may very well follow. I believe major cuts in spending will be required in the near future. If this is not taken seriously, I fear The U.S. may be facing a second and worse depression.
I don't forsee any global currency or NWO. I think of The American economy similar to the way some people saw the banks - "Too big to fail"
America is spending money faster than it can be printed. The dollar is losing value. Other countries are divesting the dollar, buying commodities (gold/oil) and based upon the policies of our government they are questioning America's ability to pay our debt. Many economist are saying that inflation is on the way and interest rates will rise to points similar to the Carter years, which will inturn kill an economic recovery.
When a hedge fund manager (Beck's guest) is betting against the dollar and buying commodities to make his clients money, thats a signal that something isnt good.
We are in for tough times. The stock market is up over 10,000 again but unemployment at 10.2% is at the highest level since 1983. Is this the 'new normal'? Have we had a jobless recovery? We need a fiscally responsible government. We didnt get one with Buch and we arent getting one with Pres. Obama either.
As for Obama, if he entered his Presidency with a clean economic slate, then I would criticize him the same way I am criticizing Bush. However, Obama inherited a disaster and we are forced to spend money to spur economic growth, just like during the Great Depression. I believe in a Keynesian/Krugman economic model, so we need to spend to spur the economy, and when the economy is running well, that's when we pay down our debt.
As for the stimulus, it did not have the intended effect. Banks, instead of using the money for lending, have used most of the money for investments to build up capital and profits. So many of the credit-starved businesses can't obtain the funding they need to stay alive. Furthermore, due to this decision to invest rather than lend, consumers are also having a harder time purchasing consumer goods, which is only hurting manufacturers even more.
As for the dollar, it is losing value. However, around 1996/1997, the dollar gained value in comparison to the value of gold. This was because we started to pay back our debt that had been accrued since the 1970s. What we need to do, as I mentioned earlier, is spur economic growth (or at least stabilize our economy) and then pay back our debt, rather than depressing our economy by cutting back spending and sending it into another great depression. If we go into a great depression, then we can't repay our debt and can't increase the value of the dollar. However, the biggest problem to paying back our debt is that the Chinese Renminbi is pegged to the dollar. So while debt is easier to pay back to the nations of the world when the value of the dollar declines, it is even harder to pay back to the Chinese as the value declines.
As for unemployment, we have been blessed with a remarkably low unemployment level since the 1940s. Other nations have unemployment that hovers around 5-8% during good economic times. The US has seen unemployment drop down below 5% several times (around 3% in 2000/2001) and not rise above 7% in the past 20yrs. The 10.2% is not the new normal, but we can't expect to have 2-5% every year. The worst part about this situation is that job recovery is always the last thing to occur in recessions. Normally the consumer goods market recovers first, then the financial market, and lastly, the job market.
As for your comment about fiscally responsible government, reducing spending isn't going to save us, but strategic spending will. We need to consider what we are spending money on and how it will help the economy. A general cut in spending won't help because it will only hurt the economy more by depressing markets (especially those related to defense spending) and will cause even less consumer spending due to the increased unemployment. The consumer market must recover first, which it is slowly doing. After that, we can wait until the financial and job markets recover. At that point, then we can start cutting the budget and focus on reducing our debt.
Far too often the public demands instant benefits and thinks that the moment Obama stepped into office job losses would've just suddenly ended and the economy woul return to normal. They blame Obama for not leaving Iraq yet but he has repeatedly told everybody it'll take 16 to 18 months.
The decline of the economy is a little scary but let's have faith that with all the course corrections will prove to be fruitful in the coming year.
Thanks again