Conservative radio host Glenn Beck on Wednesday blasted President Barack Obama and First Lady Michelle Obama for attending a tribute to Memphis soul at the White House and said it was sign of a coming "monarchy" that could result in Americans being beheaded.

During his evening Internet broadcast, the former Fox News host explained that "smart people" were preparing for the collapse of the U.S. Dollar by investing in alternative monetary systems like the unregulated digital Bitcoin currency.

"A seismic global shift is about to take place and one that will affect every single human being on planet Earth," he explained. "And what is our White House doing? Partying with Justin Timberlake and Justin Beiber all their friends, singing and laughing and eating cake."

"Let them eat cake," Beck said as his displayed a photoshopped painting of the heads of the Obamas on the bodies of King Louis XVI and Marie-Antoinette, who were beheaded during the French Revolution. "It kind of looks like them doesn't it?"

"I have a feeling we're headed for a monarchy," he warned. "Because we have forgotten the principles of maximum liberty and maximum personal responsibility, which in time, always ends -- if you are like Europe -- it ends in a French Revolution."

"But maybe it doesn't end this way. Maybe this time, maybe Marie-Antoinette and King Louis keep their heads, while all of their subjects lose theirs. One way to make sure that doesn't happen is to stand up for your Second Amendment rights."

Watch this video from The Blaze, broadcast April 11, 2013.

(h/t: Right Wing Watch)