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Detailed text transcripts for TV channel - FOXNEWS - 20110628:06:40:00

Difficult. if thar reason i predict we ll continue downhill, the deficit is going to be the burden we can t handle. we will have a currency reduction because we rely on the federal reserve. the federal reserve is a facilitator. they claim it s the congress and they spend too much money and forced to do these things but the fed couldn t create money out of thin air to buy treasury bills congress would be forced to do something. interest rates would rise and that would be harmful. so it would be on congress shoulders to do something. we keep spending and the federal reserve accommodates. we can t let interest rate goes up so they print like crazy. amazing that it works as well as it has for so long. it doesn t mean it will last forever. that s why people are upset because more and more people are starting to realize this is coming to an end. glenn: may i ask you one question i haven t been able to figure out. ....

Fed Nine Times , Currency Reduction , Fed Couldnt Create Money , Treasury Bills Congress , Interest Rates , Interest Rate , Glenn Beck , It Doesn T , Haven T ,

Detailed text transcripts for TV channel - FOXNEWS - 20110627:21:40:00

Difficult. if thar reason i predict we ll continue downhill, the deficit is going to be the burden we can t handle. we will have a currency reduction because we rely on the federal reserve. the federal reserve is a facilitator. they claim it s the congress and they spend too much money and forced to do these things but the fed couldn t create money out of thin air to buy treasury bills congress would be forced to do something. interest rates would rise and that would be harmful. so it would be on congress shoulders to do something. we keep spending and the federal reserve accommodates. we can t let interest rate goes up so they print like crazy. amazing that it works as well as it has for so long. it doesn t mean it will last forever. that s why people are upset because more and more people are starting to realize this is coming to an end. glenn: may i ask you one question i haven t been able ....

Fed Nine Times , Currency Reduction , Fed Couldnt Create Money , Treasury Bills Congress , Interest Rates , Interest Rate , Glenn Beck , It Doesn T , Haven T ,