Preheat oven to broil. Make Rye croutons by lightly brushing the olive oil on both sides of the bread. Using a bread knife cut the bread into cubes. Spread cubes onto a baking sheet and broil until toasted, about 2 minutes, stirring regularly o it doesn't burn. Set aide.
Melt the butter in a sauce pan on a medium-heat. One melted, add the cream cheese and Velveeta and melt those until smooth. Stir in the mustard and blue cheese. In increments, add the half and half and the beer, stirring continuously allowing the cheese mixture to smooth out again before adding more.
Add the garlic, onion powder, salt and pepper. If the soup is a bit too thick stir in a tablespoon of water at a time until it coats the back of a spoon but doesn't totally solidify when cool. I usually use about a quarter cup of water but you can make it whatever thickness you like.
Spoon into a bowl and add the rye croutons. Serve intermediately.
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