Scary Laws About Your Money

April 29, 2016

Writer

Is it time to take your money out of the bank?

Friday on The Glenn Beck Program, Glenn spoke with Chris Martenson, PhD, author of Prosper and cofounder of peakprosperity.com about steps the federal government has taken to trap and seize your money.

"Really spooky things have been happening. And a lot of it has been happening behind the scenes. The U.S. press has been, I guess, regularly silent and quiet on the matter," Martenson said.

One important development occurred in 2013 with a test "bail-in" in Cyprus. According to Martenson, it was a test run to find out if officials could successfully take money from depositors in a bank. The answer? Yes.

"In a bankruptcy of a major bank now, one considered too big to fail, the banks are going to be promptly recapitalized with unsecured debts. Well, that sounds fine. I don't own any unsecured debt. But, yes, you do, if you have a bank account with a bank," Martenson explained.

Most people don't realize the money they've deposited in a bank is considered an "unsecured loan." Should the bank fail, there's a whole host of people in line for that money ahead of the person who deposited it.

Naturally, it's a complicated process to explain, rife with legalese and hidden laws, thanks to lobbyists and the federal government. The bottom line is, stay away from banks with "derivatives" because those derivatives will get paid off before you in the event of a problem.

Glenn pressed Dr. Martenson on how to find out if a bank has derivatives.

"Tell me how to get there right now," Glenn asked. "Where do you go?"

"The handy list I use when I'm telling people about which banks they might want to consider leaving money in or not, you go to the Office of Comptroller of the Currency, it's a division of the Treasury. They print a list. And they'll show you the top 25 banks with the derivative exposure. I tend to avoid those banks," Martenson said.

Go to OCC.gov to see where your bank ranks on the list with derivative exposure.

Listen to this segment from The Glenn Beck Program:

Featured Image: U.S. Treasury Secretary Jacob Lew (L) and Federal Deposit Insurance Corporation Chairman Martin Gruenberg visit at the conclusion of a meeting of the Financial Stability Oversight Council at the Treasury Department, April 13, 2016 in Washington, DC. The JSOC approved a resolution calling for clear guidelines on the ability of mutual funds to hold illiquid assets. (Photo by Chip Somodevilla/Getty Images)

AI Jesus and other INSANE new uses of Artificial Intelligence

Glenn has repeatedly warned about the dangers artificial intelligence poses to humanity. Yet, it seems like every week, some new AI project seems to inch us closer to that worst-case scenario.

It's not all bad. Even Glenn could resist the urge to buy an AI-powered, flamethrower-wielding, robotic dog to accompany him on his ranch. The future is here, and these are threeinsane new ways the power of AI is being harnessed — for better or worse.

AI Jesus

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Many have wished to have a face-to-face conversation with Jesus, but this probably isn't what anyone had in mind. A church in Lucerne, Switzerland recently teamed up with scientists and computer experts from the nearby Lucerne University of Applied Sciences and Arts to create a digital duplicate of Christ designed to listen to confessions and give scripture-supported advice to those who ask. The computer even creates a hologram image of Jesus that talks to people in real time. The AI was trained with the New Testament and "religious information found online," and is fluent in over 100 languages.

While some are impressed with his answers to moderately complex theological questions, many are skeptical, claiming that giving a machine the face and name of God is a form of idolatry. Others worry that it will turn Jesus into a "woke warrior."

AI Coca-Cola Ad

The holiday season is upon us, and Coca-Cola has released its newest Christmas ad campaign. These latest commercials feature shiny, Coca-Cola red semi-trucks driving through an idyllic winter wonderland on a mission to deliver soda to a festively decorated town — standard holiday ad fare. But this year, Coca-Cola decided to put a "futuristic spin" on their ad campaign — the commercials are all AI-generated. It doesn't take a detective to spot the tell-tale AI hallmarks, from truck wheels that don't spin as the truck is driving to the eerie expressions of the people in the ad that twist and contort in creepy ways. The holiday magic is lost.

AI Grandma

A British telecom company, Virgin Media O2, unveiled Daisy, an AI chatbot designed to scam the scammers. Daisy is designed to sound and talk like an elderly woman and is tasked to deliberately connect with telephone scammers (who typically target older people) and waste their time with heaps of meandering chatter so that scammers have less time to target real people. Daisy has already proved capable of fooling scammers into long phone conversations, which ultimately end up fruitless. Can you think of a better use of AI?

The THREE ways RFK Jr. will Make America Healthy Again

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One of President Trump's most popular campaign promises was to "Make America Great Again," and he has employed the help of his former opponent, RFK Jr., to make that promise come true.

In an interview with NPR, RFK Jr. revealed the three directives Trump has tasked him as the new head of the Department of Health and Human Services. These directives aim to cut out the "cancer" that Glenn exposed in his latest TV special that has spread throughout theentire federal government.

Here are the three directives Trump gave RFK Jr.:

1. Rid health agencies of corruption and conflicts.

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It is no secret that the departments that fall under the HHS, such as the FDA, NIH, and CDC, are rife with corruption. After the COVID lockdowns raised suspicion that these federal agencies did not have the American people's best interests at heart, Americans have been increasingly distrustful of these institutions. Glenn exposed several instances of corruption across the HHS, from Dr. Fauchi's Covid powertrip to the insidious relationship between private entities like Big Food, Big Pharma, and the federal agencies that regulate them.

RFK Jr. has been one of the most vocal critics of the corruption that has turned these federal agencies against the very people they were created to protect and is the best person to reform these institutions.

2. Return agencies to the gold standard of empirically based, evidence-based science and medicine.

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Under Biden, the HHS has degraded even further than it had before. Scientific methodology and empirical data are no longer the backbones of these institutions. They have been replaced with DEI and other woke agendas. The Department of Health and Human Services is the second largest federal agency, only behind the Pentagon, with a budget of 1.7 trillion dollarsand over 83 thousand employees. The opportunity for waste and negligence is monumental.

Biden appointed former California Attorney General, Xavier Becerra, to the head of HHS, along with Rachel Levine, a transgender woman, as the Assistant Secretary for Health. Before long the second-largest federal agency started looking like a university DEI office, with hundreds of DEI hires adding to government bloat. Instead of battling the diseases and sicknesses that plague our country, the HHS spent the past four years going after pro-life investigators who were exposing how Planned Parenthood sells body parts of aborted babies, opposing the merger of religious-based hospitals to protect transgender and abortion "rights," and wrestling over Obama-era contraceptive mandates with a group of Catholic nuns. This is quackery and waste on an unprecedented scale.

RFK Jr. is tasked with rooting out the corruption that sprang forth with the Biden administration's DEI agenda and put science back in our health policy.

3. End the chronic disease epidemic with measurable impacts within two years.

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Today, despite our modern technology, Americans are sicker than ever before. 129 million Americans have at least one chronic disease, 42 percent have two or more, and 12 percent have more than five. Life expectancy is at a twenty-year low despite the fact that we are spending more than ever on health care. Even our children are sick, with a staggering 40 percent of school-aged kids having at least one chronic disease. One in nine kids has ADHD, and one in 54 has autism, both representing a steep increase over past decades.

America is sick, and Big Pharma is just rolling in the profits. This is where RFK Jr. comes in. He aims to find the cures and preventions to these diseases and make Americans healthy instead of lifelong patients.

POLL: Is Matt Gaetz in trouble?!

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Trump is assembling a dream team to take on the deep state that has burdened the American people for far too long.

It's no surprise Democrats have been pushing back against Trump's nominations, but one person in particular has been experiencing the most resistance: Florida Rep. Matt Gaetz, Trump's pick to serve as his Attorney General. The controversy centers around a years-long House ethics probe regarding sexual misconduct allegations made against Gaetz several years ago. Despite the FBI conducting its own investigation and refusing to prosecute Gaetz, his nomination re-ignited interest in these allegations.

Democrats and some Republicans demand the House Ethics Committee release their probe into Gaetz before his Senate confirmation hearing. Conveniently, earlier this week, an anonymous hacker obtained this coveted report and gave it to the New York Times, which has yet to make the information public.

Glenn is very skeptical about the entire affair, from the allegations against Gaetz to the hacker's "anonymity." Is it another case of lawfare by the Democrats?

Glenn wants to know what do you think. Did Gaetz commit the crimes he's accused of? Will he still be appointed attorney general? Let us know in the poll below:

Is Matt Gaetz guilty of the crimes he is accused of committing?

Will Matt Gaetz still be appointed to Trump's cabinet?

Was the "hacker" really some Democratic staffer or lawmaker?

3 BIGGEST lies about Trump's plans for deportations

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To the right, Trump's deportation plans seem like a reasonable step to secure the border. For the left, mass deportation represents an existential threat to democracy.

However, the left's main arguments against Trump's deportation plans are not only based on racially problematic lies and fabrications — they are outright hypocritical.

Here are the three BIGGEST lies about Trump's deportation plans:

1. Past Deportations

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The left acts like Donald Trump is the first president in history to oversee mass deportations, but nothing could be further from the truth. Deportations have been a crucial tool for enforcing immigration laws and securing the country from the beginning, and until recently, it was a fairly bipartisan issue.

Democrat superstar President Obama holds the record for most deportations during his tenure in office, clocking in at a whopping 3,066,457 people over his eight years in office. This compares to the 551,449 people removed during Trump's first term. Obama isn't an anomaly either, President Clinton deported 865,646 people during his eight years, still toping Trump's numbers by a considerable margin.

The left's sudden aversion to deportations is clearly reactionary propaganda aimed at villainizing Trump.

2. Exploitative Labor

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Commentators on the left have insinuated that President Trump's deportation plan would endanger the agricultural industry due to the large portion of agricultural workers in the U.S. who are illegal aliens. If they are deported, food prices will skyrocket.

What the left is conveniently forgetting is the reason why many businesses choose to hire illegal immigrants (here's a hint: it's not because legal Americans aren't willing to do the work). It's because it is way easier to exploit people who are here illegally. Farmowners don't have to pay taxes on illegal aliens, pay minimum wage, offer benefits, sign contracts, or do any of the other typical requirements that protect the rights of the worker.

The left has shown their hand. This was never about some high-minded ideals of "diversity" and "inclusion." It's about cheap, expendable labor and a captive voter base to bolster their party in elections.

3."Undesirable" Jobs

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Another common talking point amid the left-wing anti-Trump hysteria is that illegal aliens take "undesirable" jobs that Americans will not do. The argument is that these people fill the "bottom tier" in the U.S. economy, jobs they consider "unfit" for American citizens.

By their logic, we should allow hordes of undocumented, unvetted immigrants into the country so they can work the jobs that the out-of-touch liberal talking heads consider beneath them. It's no wonder why they lost the election.

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