Glenn Beck .. liar, braggard, phony and a shill... oh.. did I mention.. I DON'T LIKE HIM?... here's why

well okay .. let's start with an untouched piece of video done by Becker Head


Okay,

Lie #1: he completely distorts the Great Depression. He doesn't mention the fact that it was a set up very similar to the current one. There's a reason for the expression, "The Roarin' 20s." For over 8 years prior to the crash, the Federal Reserve was flooding the country with cheap money and easy credit.

From: http://eldoradogold.net/html/goldenage.html
Most people have the misconception that the 1929 stock market crash caused the Great Depression of the '30s. Actually, the Crash of '29 signaled the Great Depression, which was brought on by the Federal Reserve's manipulations of the money supply during the 1920s and 1930s.

In the '20s, the Fed printed dollars in efforts to help Great Britain reestablish its pound sterling as a premier currency following World War I. Because the United States escaped the war unscathed and had supplied most of the Allies' materiel, huge quantities of gold flowed into the UP.SO. Treasury, making the dollar the world's number one currency. (In the aftermath of war, everyone knows the importance of gold.)

Britain, having long "ruled the world," wanted pre-war status for the pound, but overvalued it. This resulted in the pound being shunned for the dollar and for gold. To shore up the pound, the U.S. Treasury bought pounds with dollars freshly-printed by the Federal Reserve. But, those dollars did more than support the pound, they also flowed into the economy, bringing on the Roaring Twenties, a period of robust prosperity. The Fed's manipulations also produced a bull market in stocks like the world had never seen before.

To correct the excesses, in the late '20s the Fed shrank the money supply; consequently, prices fell. Businesses, which during the '20s had increased production capabilities, cut back and laid off workers. Small, regional banks collapsed as loans went unpaid and because depositors chose to withdraw their funds.
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During the Great Depression, FDR began massive public works projects all across America. To do that, the Fed had to pump dollars into the system so people could get paid.

Lie #2: Beck says, "We didn't do all the stuff we're doing now, just printing money." Nothing could be farther from the truth.

Misleading fact #1 - He then shows our entry into 'WWII. "Still haven't pumped a lot of money into the system because again we're on the gold standard."

Here, Beck purposely misleads his viewers. From his two statements about the dollar being on the gold standard (in 1929 and in 1941), one would naturally conclude that all the years in between were also on the gold standard. From the same source: "In 1934, Franklin Roosevelt took another swipe at gold with his April 5, 1933 executive order that prohibited Americans from owning gold." Yes, he made it a crime to own gold!!!