Former Treasury Secretary confirms TheBlaze’s Sept. 2013 report that Russia played a role in the 2008 financial crisis

March 18, 2014

The Glenn Beck Program

Back in September of 2013, For The Record looked at the possibility that countries hostile to the U.S., like China and Russia, may have artificially driven up the price of oil and intentionally crashed the stocks of some financial institutions, escalating chaos prior to the 2008 economic crisis. Yesterday, a BBC report seemingly confirmed this investigation.

In a September article for TheBlaze.com, TheBlaze’s senior Washington correspondent Sara Carter explained the threat of economic terrorism to the United States.

Carter writes:

China, Russia and even Al Qaeda, among others, all have one thing in common: They believe that unconventional warfare against America’s economy is the best way to destroy our nation without actually ever having to fire a shot.

And our enemies almost made it happen in 2008.

[…]

[F]ormer senior U.S. officials disclose what the Pentagon and Washington establishment had been hoping to bury — that the near economic collapse of the United States in 2008 was not due to widespread failures in government regulations, but a planned attack to destroy our nation perpetrated by both China and Russia.

Read Carter’s entire report HERE.

Watch the initial coverage from September’s For The Record: Unrestricted Warfare below:

Six months after For The Record’s report, it appears others in the media are starting to pick up the story. In a BBC article published yesterday entitled “Russia ‘planned Wall Street bear raid’”, business editor Robert Peston describes the cynical relationship between the United States and Russia as “deep, rooted in history.” Furthermore, the relationship shows that the “triumph of capitalism over communism wasn’t the end of the power game between these two nations.”

The BBC article relies on excerpts from interviews with former U.S. Treasury Secretary Hank Paulson that were conducted for the BBC Two documentary “How China Fooled the World.” These comments didn’t make the film.

In relation to the 2008 financial crisis, particularly Fannie Mae and Freddie Mac, Paulson explained that the Chinese were the “biggest external investor holding Fannie and Freddie Securities.” As a result, China was “very, very concerned” when Fannie and Freddie began to melt down. At that moment, the Russians allegedly tried to draw up a pact with the Chinese.

“Here I’m not going to name the senior person, but I was meeting with someone… This person told me that the Chinese had received a message from the Russians which was, ‘Hey let’s join together and sell Fannie and Freddie securities on the market,’” Paulson explained. “The Chinese weren’t going to do that but again, it just, it just drove home to me how vulnerable I felt until we had put Fannie and Freddie into conservatorship [the rescue plan for them, that was eventually put in place].”

While Paulson clarified that “this guerrilla skirmish in markets by the Russians and Chinese didn't happen,” Peston believes Paulson’s comments are “pretty jaw-dropping stuff.”

“The Chinese told Hank Paulson that the Russians were suggesting a joint pact with China to drive down the price of the debt of Fannie and Freddie, and maximize the turmoil on Wall Street - presumably with a view to maximizing the cost of the rescue for Washington and further damaging its financial health,” Peston writes.

Read the entire BBC report HERE.

As we watch the Obama Administration flounder on the world stage – especially in relation to crisis in Ukraine – Glenn warned of the consequences on radio this morning.

“Hank Paulson came out and… verified… Russia tried to collapse the United States in 2008… We had [the story], and it was one of those things we were mocked for. For the Record had it in absolute iron-clad spades,” Glenn said. “So we know that Putin has designs on collapsing the United States of America. That's not Glenn Beck. That's Hank Paulson, our [former] treasury secretary.”

As Glenn explained, this report should come as no surprise to anyone familiar with history. The tactics used by the United States collapse the Soviet Union are the same tactics now being by Russia to collapse the U.S.

“We know [Putin] wants to actively engage in collapsing the United States of America, so what do you do? Well, you spend us into oblivion. Stretch us really thin. This is not a new theory. We know this works because we did it to them. We are so stupid. We don't even recognize our own pattern. This is how we collapsed [the Soviet Union],” Glenn explained. “We worked with anyone who would take them apart anywhere in the world. That's how we did it. And then Ronald Reagan went and just schooled their premiers and just made them look like bumbling idiots on the world stage. And that thing closed down.”

Unfortunately, our current President is more concerned about fighting back against the personal attacks he is facing than looking at how dire the situation actually is.

“So what are they doing to us? What's happening to us right now,” Glenn asked exasperatedly. “And our President is making this into a personal attack. Our President, instead of being a statesman, decided to make it about seven people who don't even have any assets. John Kerry comes on the world stage, ‘You had better do this. Otherwise, there will be real consequences!’ Real consequences against seven people who don't even have assets outside of their general country?”

“That's right, Glenn,” Pat responded with his best John Kerry impersonation. “Who's laughing now?”

“The world,” Glenn concluded.

Learn more about the economic warfare threats the United States faces by watching For The Record: Unrestricted Warfare. TheBlaze TV subscribers can watch the episode on-demand HERE. Not a subscriber? Start your 14-day free trial HERE.

Taxpayer dollars fund luxury cars for bureaucrats

Andrew Harnik / Staff | Getty Images

The deep state isn’t a conspiracy theory — it’s a reality. And the corrupt, free-spending Federal Mediation and Conciliation Service is just one example of how Washington insiders enrich themselves.

A little-known agency in Washington perfectly encapsulates everything wrong with our bloated, corrupt government: the Federal Mediation and Conciliation Service. It should be the poster child of everything that Elon Musk is exposing.

The agency was established in 1947 under the Labor Management Relations Act to serve as an independent agency mediating disputes between unions and businesses — a noble mission, perhaps. But like so many government institutions, it has rotted into something far removed from its original purpose.

The FMCS goes beyond mismanagement into blatant corruption and theft.

What was once a mechanism for labor stability has morphed into an unchecked slush fund — an exclusive playground for bureaucrats living high on taxpayer dollars.

The FMCS is a textbook case of government waste, an agency that no one was watching, where employees didn’t even bother showing up for work — some hadn’t for years. And yet they still collected paychecks and spent government money — our money — on their personal luxuries.

Luxury cars and cell phone bills

The Department of Government Efficiency discovered how FMCS employees used government credit cards — intended for official business — to lease luxury cars, cover personal cell phone bills, and even subscribe to USA Today. The agency’s information technology director, James Donnan, apparently billed taxpayers his wife’s cell phone bill, cable TV subscriptions in multiple homes, and personal subscriptions.

FMCS officials commissioned portraits of themselves and hung them in their offices, and you footed the bill. They took exotic vacations and hired their friends and relatives to keep the gravy train rolling.

The FMCS goes beyond mismanagement into blatant corruption and theft — and it went on for decades, unnoticed and unchallenged.

President Donald Trump signed an executive order to abolish the FMCS — a necessary and long-overdue move. But the FMCS is just one of many agencies within the federal government burning through billions of taxpayer dollars. How many more slush funds exist in the shadows, funneling money into the pockets of bureaucrats who produce nothing? How many government-funded NGOs operate in direct opposition to American interests?

Perhaps the most disturbing question is why Americans tolerate such corruption. Why do so many Americans tolerate this? Why is the left — supposedly the party of the people — defending the very institutions that rob working-class Americans blind?

Corruption beyond bureaucracy

The recent rallies led by Sen. Bernie Sanders (I-Vt.), Rep. Alexandria Ocasio-Cortez (D-N.Y.), and their socialist acolytes claim to be a grassroots uprising against corruption and greed. But GPS data from these rallies tells a different story. The majority of attendees aren’t ordinary citizens fed up with the status quo. They’re professional activists — serial agitators who bounce from protest to protest.

Roughly 84% of devices tracked at these rallies were present at multiple Kamala Harris events. A staggering 31% appeared at over 20 separate demonstrations, tied to Antifa, Black Lives Matter, and pro-Palestinian causes.

Many of these organizations receive federal grant money — our tax dollars — and they’re using those funds to protest the very policies that threaten to cut off their financial lifeline.

This isn’t democracy in action. This is political theater — astroturfing perfected. And the American taxpayer is funding it.

Rooting out corruption

Trump was a battering ram against this corrupt system. Elon Musk is a surgeon, meticulously exposing the infection that has festered for decades — and that’s why the leftists hate him even more than they hate Trump. Musk threatens to dismantle the financial web that sustains their entire operation.

When we allow the government to grow unchecked and our leaders to prioritize their own wealth and power over the good of the nation, figures like Trump and Musk are necessary. Rome didn’t fall because of an external invasion but rather due to internal decay that looked an awful lot like what we see today.

We must demand better. We must refuse to tolerate this corruption any longer. The FMCS may be gone, but the fight to root out this deep-seated corruption is far from over.

Editor's Note: This article was originally published on TheBlaze.com.

Did the CIA hide the real truth behind JFK's assassination?

Bettmann / Contributor, NurPhoto / Contributor | Getty Images

Many were disappointed by the recent release of the JFK files, frustrated by the apparent lack of answers to decades-old questions. The problem? They’re asking the wrong question.

Everyone wants a "who"—a smoking gun, someone to blame. It’s understandable; Americans crave justice for a slain president, to hold the culprits of one of the 20th century’s greatest crimes accountable. But the real answer isn’t a "who"—it’s a "what." That "what" is the CIA and proof of their nefarious dealings since the 1960s.

In his most recent TV special, Glenn delves into the JFK files, where he found the crucial information that everyone else seemed to miss. Be sure to watch the TV special here.

The CIA's Dirty Fingerprints

Did Oswald act alone? I tested the Warren Commission's "lone gunman" narrative and discovered something SHOCKING.

Watch the full experiment TONIGHT at 9PM ET only on https://t.co/Ki1CX633fq pic.twitter.com/DwNSUFXJ1r
— Glenn Beck (@glennbeck) March 26, 2025

While the recent JFK files don’t explicitly pin the assassination on the CIA, the evidence between the lines is compelling.

If you follow Glenn on X, you’ve seen his newest artifact: an exact replica of Lee Harvey Oswald’s rifle. Glenn tested it at the range, attempting to replicate the notoriously difficult shot Oswald allegedly made that fateful day in Dallas. While Glenn shares more takeaways in his TV special, one thing stood out immediately: the rifle’s abysmal quality, its shoddy scope, and the odd caliber of ammunition it uses.

Oswald’s rifle, a Mannlicher-Carcano, is chambered in 6.5mm—an unusual caliber. Much like today, the average gun store in the ‘60s didn’t stock 6.5mm rounds. The largest known supply was owned by the CIA, who had shipped the ammo from Greece after World War II. Suspiciously, there’s no record of where Oswald got his ammunition, but the JFK files confirm that the gun store where he bought the Mannlicher-Carcano had CIA connections.

It’s well-known that Oswald defected to the USSR and lived there before returning to the U.S. The JFK files reveal that from the moment he touched down stateside, the CIA tracked him like a hawk. They followed him across the country and even to Mexico City—but, conveniently, seemed to lose him in Dallas just as President Kennedy arrived. What a coincidence.

Whether by design or gross incompetence, the CIA greased Oswald’s path, letting him slip unhindered into that sixth-floor Book Depository window.

The Cover-Up

SAUL LOEB / Staff | Getty Images

If the JFK files aren’t the smoking gun many hoped for, why did the CIA fight so hard to keep them buried?

The answer is trust. Hard as it may be to imagine today, Americans in the ‘60s trusted their government—at least more than they do now. This cover-up preserved that trust longer than it might have lasted, allowing the CIA to pull off more scandals before the public caught on. From Benghaziand 9/11 to COVID-19 and January 6, the same dirty marks found in the JFK files stain these events. It’s about saving face. The files make the CIA look incompetent at best, complicit at worst.

This might feel like common knowledge today—especially to Glenn’s audience—but 40 or 50 years ago, saying such things could land you in the loony bin. It’s taken 60 years of growing suspicion to reach this point. Imagine if the JFK files had been available back then. Could we have stopped six decades of CIA shenanigans in their tracks?

The thought is chilling.

What Now?

Fotosearch / Stringer | Getty Images

The files don’t name a mastermind or explicitly confirm the darkest JFK assassination conspiracies that have swirled for decades—but they’re far from empty. They expose a disturbing truth: the CIA’s unchecked power in the ‘60s echoes into today.

In one of his most exciting TV specials yet, Glenn delves deep into the files, proving why we can’t ignore these revelations. Stop chasing a "who" and start demanding accountability for the "what." Only by confronting this can we hope to rein in the agency that’s dodged scrutiny for too long.

Glenn: The magazine they don't want you to read

Blaze Media

Frontier isn’t just another magazine — it’s a handcrafted, premium publication featuring bold, thought-provoking stories you won’t find anywhere else.

Frontier isn’t just another flimsy, kitschy magazine like the ones lining the checkout aisle of your local grocery store. It is a premium, handcrafted publication, telling you stories that actually matter — about people blazing new trails in technology, reviving forgotten architectural wonders, and forging new pathways for meaningful cultural change, just to name a few highlights from past and upcoming issues. Every page is curated with intention, offering a level of depth and substance that’s increasingly rare in today’s media landscape.

For the second issue, I welcomed Frontier’s team to my Idaho ranch for its feature, “The Architecture of Memory and Meaning.” My ranch is more than a home — it’s a testament to faith, family, and legacy. Every detail was designed with intention, and every artifact inside has a purpose. This piece shows how you too can turn your home into a space for legacy, beauty, and a testimony to things that really matter to you.

Frontier will set you apart from everyone else who doomscrolls through the same routine stories in the mainstream news cycle.

Frontier’s team also sat down with Michael Malice for an in-depth profile, “The Miseducation of Michael Malice.” Whether you love him, hate him, or are just trying to figure him out, Malice is one of the most fascinating voices in our culture today. This piece goes beyond the snark and the tweets, diving deep into what makes Malice tick.

For the late-night radio junkies, “Live From the High Desert” is a must-read. This piece is a tribute to Art Bell and the millions of late-night listeners who faithfully tuned in to his masterful storytelling as he unraveled the mysteries of the universe, inspiring an entire generation of truth-seekers. From government conspiracies and UFOs to the unexplained, Bell’s legacy is alive and well in these pages.

Readers of Frontier’s first issue are already familiar with the magazine’s caliber and quality. If you haven’t grabbed your copy, it’s not too late. The first 500 subscribers to Frontier’s second issue will also get a copy of the premiere issue.

Frontier is only available through Blaze Unlimited, which, in addition to Frontier’s trailblazing stories, includes VIP access to exclusive events, exclusive member-only content, and top-tier customer support. This membership will set you apart from everyone else who doomscrolls through the same routine stories in the mainstream news cycle. Blaze Unlimited gives you access to the stories that matter most — and the people and events who will challenge you to think bigger, probe deeper, and push the limits into new frontiers. Using promo code GLENN500 will give you $40 off your new Blaze Unlimited membership.

This isn’t just about reading Frontier — it’s about living it. Don’t miss your chance to be part of it.

Editor's note: This article originally appeared on TheBlaze.com.

The Left's war on Tesla owners

Kansas City Star / Contributor | Getty Images

Across the country, Teslas are being torched by the very people who, just a few years ago, championed them as the future of sustainable transportation.

Recently, Glenn highlighted the heinous actions targeting Tesla owners and dealerships. He reached the same conclusion as U.S. Attorney General Pam Bondi: these are acts of domestic terrorism. Tesla owners are being doxxed; a dealership in Las Vegas was firebombed, vandalized, and shot at. Similar attacks have struck South Carolina, Oregon, and Colorado, where Molotov cocktails destroyed multiple Tesla vehicles.

But this isn’t really about cars—it’s a symptom of a deeper rot that has eroded any principles the Left once held. Just as they celebrated the murder of UnitedHealthcare CEO Brian Thompson, the attacks on Tesla reflect a lust for destruction—a self-righteous anger that disregards decency and the sanctity of life.

For them, the ends justify the means.

A Pattern of Lawlessness

Ethan Miller / Staff | Getty Images

The attacks on Tesla owners and dealerships aren’t random; they form an emerging pattern that exposes the Left’s true motives.

A quick look at the alleged grievances of the protesters, vandals, and arsonists harassing electric vehicles and their owners reveals a thin veneer masking their deeds. Their motives range from semi-rational—disagreeing with Elon Musk’s actions and the goals of DOGE —to outlandish, like labeling Musk a Nazi or fascist. Yet, rational or not, their actions far outweigh the severity of their complaints. Their crimes include keying and spray-painting privately owned Teslas, vandalizing dealerships (including firing rounds into a Tesla service center in Las Vegas), and using Molotov cocktails to ignite Teslas in cities nationwide. As noted, these aren’t the acts of disgruntled voters but of domestic terrorists.

Glenn recently tied this Tesla terrorism to the brutal murder of UnitedHealthcare CEO Brian Thompson last December. Just as liberals rejoice over burning Teslas today, they cheered when Thompson was gunned down in New York’s streets, leaving his children fatherless days before Christmas. Much like the Tesla attacks, the Left justified their jubilation with half-baked critiques of the U.S. healthcare system, sandwiched between callous jokes about the slain CEO. It’s not about cars or insurance—it runs deeper.

Hypocrisy Exposed

TOBIAS SCHWARZ / Contributor | Getty Images

Rules for thee, not for me.

This theme keeps resurfacing. Remember when the Left was obsessed with climate change? “It’s the biggest threat to humanity,” they declared, warning we couldn’t drive cars or eat beef because their emissions would doom us all. They once praised Musk, hailing Tesla as the future of transportation. But now that Musk defies their ever-shifting liberal orthodoxy, Tesla must die—environment be damned. It’s a replay of the pandemic’s peak: while they preached staying home, wearing double masks, keeping six feet apart, and “following the science,” they burned, looted, and rioted through nearly every major U.S. city—rules for thee, not for me.

Owning a Tesla no longer earns eco-warrior cred—it marks you as a closet Nazi, liable to get your car keyed. The same crowd that once fretted over cow farts endangering the planet now sets electric cars ablaze. One can hardly imagine that the fumes from hundreds of pounds of burning lithium, plastic, and chemicals in a Tesla are eco-friendly.

Tyranny of Anger

Anadolu / Contributor | Getty Images

What’s the takeaway? What’s the common thread?

The Left isn’t bound by values—not even their own. Nothing is sacred to them; destruction is all they crave. Climate change, the sanctity of life, and “following the science” are mere excuses for outrage, discarded when they obstruct their lust to destroy. Their twisted ideology preaches that building, improving, or creating is evil—only taking and tearing down matter. They seethe at the sight of creation. From Tesla’s burning hulks to Thompson’s blood on the pavement, their anger trumps your rights every time.

Glenn has been warning of the collapse of our common values for years. If we don’t fight this moral rot and defend the values that built America—law, life, liberty—we’ll lose them to the flames of their rage.

Glenn's Show Prep