(I started to reply and then kinda got going so don't think this is directed at you in any way. It is just addressing the issue you brought up)

BECK: “Now we've bailed out JP Morgan Chase out. The government did. Now they are vilifying JP Morgan Chase. The progressives learned the lesson. JP Morgan Chase forgot it.”

“Just like the government is now telling banks what to do. Except this is only part of the story. This is the part of the story the dopes in most of the media channels will tell you.”

“They'll go yep, that's it. We just hate the banks. Mm-hmm. Mm-hmm.”

“Try this one on for size.”

“Where is the government borrowing the money to control the banks? China.”

Understand what happened? We already know as he has taught us that the Government is Bad Progressives. And now JP Morgan is being “vilified” and we are being told by the progressives to “just hate the banks”.

Do you know much about JP Morgan?

A Creator of the Federal Reserve see the video at the end of this post: http://joerobertson.com/ron-paul/foxbusiness-je…
http://www.jekyllislandhistory.com/federalreser…

Probably a “Member” of the cartel and we need transparency (HR 1207) to verify this http://www.land.netonecom.net/tlp/ref/federal_r…

JP Morgan: $11.7 billion profit for 2009
http://www.washingtonpost.com/wp-dyn/content/ar…

JPMorgan Chase allots $9.3 billion in bonuses
http://www.msnbc.msn.com/id/34875777/ns/busines…

HOW did JP Morgan Pull That Off?
And DOES the Government TELL JP Morgan What to do?

In March 2008 – well before TARP
NY Fed “facilitated” the “JPMorgan Chase's Acquisition of Bear Stearns”
http://www.newyorkfed.org/newsevents/news/marke…

Then Sept 2008 the FDIC feeds WAMU into JP Morgan (WAMU was solvent with assets)
http://www.fdic.gov/news/news/press/2008/pr0808…

Who's telling Who?

Look at this: “J.P. Morgan selected by the Federal Reserve as custodian for its Mortgaged-Backed Securities purchase program”
http://www.jpmorgan.com/tss/General/J_P_Morgan_…

Check out the JP Morgan Connections
http://www.muckety.com/JPMorgan-Chase-Co/500104…

AND the CEO of JP Morgan (James “Jamie” Dimon) is an Obama buddy and Murdoch Buddy:
http://www.muckety.com/James-Dimon/5246.muckety

Note of the “Partnership for New York City”

And as for the China diversion -
Yes, No doubt China could “Trigger” the crash of the Dollar. But, China is $800bn in Treasuries.

Compare that to the $14T GDP, $2.2T Budget, and most important $23.7T (trillion) the Federal Reserve has doled out to cronies like JP Morgan.
See: Dylan Ratigan here http://joerobertson.com/economy/ratigan-targets…

So…
Where is the REAL risk? Today's IMMEDIATE Risk? The FED.

JP Morgan's FED – not China.

Yes, China IS a Risk but the Imminent Danger is the secret private banking cartel that controls the fiat currency and the stealth tax that is a daily event.

Here lies the problem with Glenn Beck…

He deliberately redirects viewers attention.

What coverage does he give on “Bankergate” – the AIG Bailout scandal? Ans SEC complicit involvement?

What coverage does he give to “Blackwater” – the Federally funded mercenaries?

Coverage and support of HR 1207?

Coverage of 4th Amendment attack via body scanners?

Disclosure of Murdoch's financial interests in H1N1? Coverage of investigations of WHO for fear mongering to level 6 Pandemic?

The fact that we are still under a “National Emergency” for the H1N1 and the “Executive Power” that it gives POTUS has TODAY?