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Here's how we ended up living on credit with bad assets


The United States Federal Reserve, frequently referred to as the Fed, is living on credit. Glenn Beck broke down the assets in which some of our money is invested  on today's "Glenn."

Using the chalk board and Chia heads of Hillary Clinton and President Donald Trump, he humorously described to the Think Tank how many of these assets now have little or no value.

Subsequently, our credit rating has sunk, making the loans we buy to run the country more expensive. The banks said, "We need money!" and abandoned traditional methods of dealing with devalued assets, Glenn explained.

To see more from Glenn, visit his channel on TheBlaze and watch full episodes of “Glenn” live weekdays 5–6 p.m. ET or anytime on-demand at TheBlaze TV.

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