Is a Titanic event going to hit our economy?

May 14, 2015

WRITER

This morning on radio, Glenn talked to Matt Bevin about our country’s current economic state. Are we really heading towards a massive crisis? Hear Bevin discusses pension plans and his ideas for combating some of our current economic issues.

GLENN: All right. So Kentucky, I mean it, you blow it, we are -- our love for you and your stupid horse race. It's over. It's over. We come with lawn mowers and we cut all of your bluegrass.

JEFFY: What about the bourbon?

GLENN: The bourbon, I take. The bourbon, I take. They had their chance with Matt Bevin as a great senator. Instead, you decided to give America the turtle, Mitch McConnell. Okay. How is that working for us, Kentucky? We want to thank you deeply for Mitch McConnell. But now you get another bite at the Matt Bevin apple, as Bevin is currently running for governor in the state of Kentucky. The primary for the Republicans is coming up on Tuesday, May 19th. It looks like he is in first place. This is the first poll where he's now at first place. It's a three-way -- a three-way race. But it is close. And 20 percent still undecided. We wanted to give Kentucky another chance to hear from Matt Bevin who we really greatly respect. Matt Bevin, how are you, sir?

MATT: Glenn, I'm doing great. It's so good to be on with you. A lot of pressure you guys are putting on me here. A lot of pressure. I don't want to be responsible for being double dead.

GLENN: Well, I'm telling you. So here's the headline in the Washington Post last week. Team McConnell isn't about to just let Matt Bevin become governor.

MATT: Yes. Did you see the quote at the end of that article? Brilliant.

GLENN: No. I couldn't take it.

MATT: Honestly, I would encourage you to go back and read the nuggets of wisdom that dripped out of the mouth of a certain individual at the end of that article.

GLENN: What did he say?

MATT: I won't even paraphrase it. It was idiocy.

GLENN: Will you look it up? So tell me why -- make the pitch to the Kentuckians who might not know you on why you would be the right person for governor.

MATT: We need somebody who is not a politician. Somebody who does not arrive in Frankfort already half owned or fully owned by somebody. Someone who comes with a fresh sheet of paper. We need somebody who comes from the outside business world. Somebody who understands how the wealth of this nation is created.

I'm a guy who grew up below the poverty level. I paid my own way through school. I'm a military veteran. I'm a small business owner. Employ dozens and dozens of people. I'm pro-life. I'm pro Second Amendment. I'm conservative. I understand firsthand how wealth is created. I'm the only one in this state that has ever worked in the pension business that's running for governor. And we have a significant pension crisis here in Kentucky.

GLENN: We have a significant --

MATT: You know, some of -- which is why I truly think myself -- I also have by far the best running mate who will bring such a great perspective to Kentucky. We offer an extraordinary opportunity, I believe, for Kentucky to go in the right direction. A constructive direction. One where we will be a magnet to people around this country and not the opposite.

GLENN: She's the African woman -- African-American woman that we discussed last time you were on. Right?

MATT: Jenean Hampton. Amazing. Exactly right. She is incredible. Twenty years of high-level management experience in the Fortune 500 world. Manufacturing. Experience. In particular, an engineering degree. MBA. Military veteran. War veteran. You know, former Air Force officer. Completely self-made. Raised herself to a level of opportunity here in America. It is an example to many, growing up in inner city Detroit in the '50s and '60s. Just an incredible, incredible woman.

GLENN: So, Matt, we are looking at a time where you would be governor where the financial world this week has been more honest than I've ever seen them be. HSCB has come out and said, they believe a titanic event is coming. And they said that the economy no longer has any lifeboats. I mean, that was -- that's pretty significant language. England is now discussing literally making cash illegal. So when the crash comes, everything becomes digitized, and that way, they can control what people are spending. And there is no cash in the system. We're looking at a time when banks could be closed or you see just even -- just social issues like in Baltimore, where the streets could be on fire. What do you do as governor if you're facing something like Baltimore, no matter if it would be a run on the bank, God forbid, or God forbid, you know, a police officer that's been shot there in Kentucky. You know that the Al Sharptons of the world will take, you know, people from Kentucky look like the biggest racists in the world. What do what you do if you're facing that?

MATT: I'll tell you this. One thing I learned in the military is you lead by example. What is it that has always made America great? What is it that has made us exceptional among nations? What is it that makes people want to come here both legally and illegally more than any other nation on the face of this earth? It is the fact that we are a nation, above all, we're a nation of laws. And I will tell you what, if I'm the governor of this state who are involved in government in any way, shape, or form, that I would do everything within my power to ensure that we uphold what makes us great. And we would uphold and defend the law. And we would uphold and defend this state. We would not make room for people to destroy or any of the rest of that nonsense. We would absolutely enforce the rule of law. Because this is what makes us exceptional.

GLENN: Do you have an opinion or -- just leave it at that. Do you have an opinion on the militarization of our police forces?

MATT: I think it's ridiculous. Let me tell you what it is. It's an outgrowth on the war of drugs. Every time the federal government declares war on anything, we've spent hundreds of billions of dollars at a minimum and ended up with more on exactly what we were fighting. Look at the war of poverty. More poverty. Trillions of dollars having been spent. Look at the war on drugs. A militarized police force across this nation. I think it's inexcusable. It's unnecessary. We now have people moving around in SWAT teams that have become the exact opposite of the old cop on the beat in some measure. This isn't helping them. It's not helping the community. Look at the war on terror. How is that working for us? We need to get the federal government out of all of these various wars on things we want less of. Restore power to local communities and states. This is part of why I'm running for governor. We can do more in this state to be an example. To be a beacon for the rest of America about how a constitutionally limited government should operate and how it will thrive and be an example to states around us.

PAT: Matt, what is the deal with the McConnell team, with Mitch McConnell and his former adviser and the irrational hatred they seem to have for you. Is it just that you dared challenge him for the Senate seat and did really well? Is it --

MATT: Yeah. I just think -- it's ironic. I heard from people -- he seemed not to have gotten over the last race. I seem to be the only one unfortunately that has. It's too bad. You know, the adults in the room are who needs to step up at this time. Not only here in Kentucky. Not only here in America. As you noted a moment ago. Nationally. Whether it's in London. Whether it's the people that are running the HSCB. What have you. All these banks. The IMF now, people looking to challenge the US dollar as the world's reserve currency. Trust me, if they are successful, that is the beginning of the end. Certainly for our country. We've got to bring adults to the table, and they've got to man up and lead as men and women of conviction. The likes of which we have not seen for a long time in this world.

PAT: So what's the biggest issue for you in this race? And what is -- what is the driving reason you got into the race for governor of Kentucky?

MATT: The reason I got in, in short measure, is that I didn't see those that were in, who I know and who are good people and who are far better than the Democrat operative on the other side of the equation. Nonetheless, none of them would put forward a plan. None of them would be specific. None of them would talk about how they would create jobs. That is our biggest concern in this state. We are an economic trouble. We're one of which Forbes refers to as the death spiral state. This has to end. We have to get to the point --

GLENN: They're calling you the death spiral over Illinois?

MATT: There were five death spiral states. I believe we and Illinois were in that group. We have now surpassed Illinois as being --

GLENN: Holy cow.

MATT: We are at the bottom of Illinois.

GLENN: So what is your plan to take care of that?

MATT: We have to freeze the existing plan. We can't keep exacerbating this by adding people to a system that we know is already on the fast track to insolvency.

GLENN: I will tell you, I don't know how you're going to do that, Matt. When I was at Fox, we did an episode where I showed how many firefighters it takes to pay for the pensions of the firefighters. And there's just not enough. I mean, it is -- you want to talk about voodoo economics. It is voodoo economics times 1,000.

MATT: If you look at our -- we just had a 30-day session with our legislature. They brought forward more than 750 ideas in their respective committees. And none of them seriously addressed this issue. We have just ignored it and hoped it would fix itself. You're right, demographics have changed to the degree that even things I'm proposing are not enough. We need to freeze the existing plan. We have to require more current participants. We have to go to a 401(k) type plan and give people lump sum encouragement to take their money out if they're young enough and stop becoming a part of the problem. But all those things in their combinations still will only begin to stop the bleeding. To reseal the wound, we'll need jobs.

GLENN: That goes back to my civil unrest kind of thing. When I was at Fox, we talked about when those pensions -- when it becomes apparent that the states cannot pay for those pensions, which they were owed. Everybody -- everybody plays this game. And everybody knows they're just hoping to get theirs out before it collapses. But when that becomes apparent. There is no trust with anyone. The governor is going to be hated, if he's trying to take the pensions away. The -- the people who are -- you know, the ones paying for the pensions, the tax holders are going to be I had a by the public servants. The public servants aren't going to understand the people paying the taxes and vice-versa. How do you heal that rift besides coming and saying the truth, guys, I know. Everybody is pissed off. But it doesn't work. So we're going to have to forget the promise that we made and now come back to the table with a different kind of system.

MATT: This is when our generation is going to have to reach deep and find among our ranks those that are willing pledge their lives, fortunes, and sacred honor. Because it will take leadership. We have a nation and a world full of Neville Chamberlains, and we need them to step up. Because the world depends on this. Our future depends on this. And it will not be easy. There will be hatred. There will be people vilified. If it's any comfort to you, I've been well-prepared for the last two years in having scorn and enmity heaped upon my head. So I'm as callous on that front as perhaps anybody. I'm willing to offer myself forward as a public servant at this time, and the voters of Kentucky will decide on May 19th.

STU: Matt, what are the main separation points between you and the other candidates?

MATT: The biggest issues are that before I got in the race, they were all for keeping the Obamacare exchange here in Kentucky. Now everyone is against it because I put a plan against it. I'm really against it. I'm really against Common Core. Mark Twain once noted that, history may not repeat itself, but it sure does rhyme. And that's kind of what's been happening.

GLENN: So they're against it like Jeb Bush is against it.

MATT: Exactly. Suddenly I find they're against a lot of things that I'm against. And that's all right. At least they're rhyming in the right direction. But those are differences that I know where I stand on it. And I've been clear, and I've lead in writing on that front. I'm also the only one in this race that grew up below the poverty level. We have a lot of people in this state in a similar way. I'm able to address that with empathy, not just with sympathy. I'm the only one that has a chance to be the next governor of this state that is a military veteran. We have 340,000 military veterans in this state. That's a big differentiator. I'm the only one in this race that upon winning -- running against the other side. I'm not a lawyer. They're the other guys running on the G.O.P. side are not lawyers. But both the people on the Democrat side are lawyers. We don't need more lawyers in government. I have a lot of good friends that are lawyers. But we don't need more laws in America. We have to start to be smarter with respect to the way in which we govern. I'm also the only one in this race with pension experience. I started a firm here in Kentucky that now manages $5 billion in pension assets. I understand firsthand this business because I've spent most of my adult life in it. We have to address things. I'm as qualified as anybody in this race to actually step forward and do it. Will it be fun? Of course not. Will it be thankless? You bet? Will I be hated by people, Democrat and Republican alike? Yes, I will. But guess what, leadership requires people to step up. And I'm putting myself forward and offering that ability to people at this time.

GLENN: Matt Bevin, he's running for governor in Kentucky. The primary is next Tuesday.

PAT: Don't blow it, Kentucky.

GLENN: Matt, I will tell you, you are blessed to live in one of the best states in the Union. I've lived in Louisville, Kentucky. I just loved it. It's such a great state. It's not only because of the beauty and the heritage of that state. But the people are truly fine, fine people. And we are hoping that they do the right thing this time around.

PAT: And don't you wish there was a way you could help Matt Bevin if you wanted to? Don't you wish there was a place you could go?

MATT: Pat, you are a good man.

GLENN: You know, he doesn't do this for everybody. I thought he did. But he doesn't.

MATT: I'll tell you, I mean it sincerely, guys. I'm grateful for you. I appreciate your willingness to come alongside in this effort. I appreciate your help. We do need help. Five days. We need every dollar we can get to get ourselves up there. If you want people who respect the Constitution. Who respect America. Who are military veterans and businesspeople that are willing to fight for you and your children and grandchildren, regardless of what state you live in. If you want us to have 50 such governors and you want one of them to be in a state that could be a beacon for America, I would be grateful if you would go to mattbevin.com.

PAT: There it is.

MATT: Mattbevin.com.

PAT: Mattbevin.com.

MATT: It's the place to contribute. I would be grateful.

GLENN: Yeah, yeah. Whatever. If you win, if you win, we watched the Kentucky Derby, and my wife said, we have to go to Kentucky Derby next year. And I said, we'll never get tickets. If you win, we'll buy them. We just need to get to the front of the line -- that's the only reason why we're supporting you.

MATT: I can't make any promises at this point.

The Woodrow Wilson Mother's Day loophole

Stock Montage / Contributor, Xinhua News Agency / Contributor | Getty Images

I’ve got a potentially helpful revelation that’s gonna blow the lid off your plans for this Sunday. It’s Mother’s Day.

Yeah, that sacred day where you’re guilt-tripped into buying flowers, braving crowded brunch buffets, and pretending you didn’t forget to mail the card. But what if I told you… you don’t have to do it? That’s right, there’s a loophole, a get-out-of-Mother’s-Day-free card, and it’s stamped with the name of none other than… Woodrow Wilson (I hate that guy).

Back in 1914, ol’ Woody Wilson signed a proclamation that officially made Mother’s Day a national holiday. Second Sunday in May, every year. He said it was a day to “publicly express our love and reverence for the mothers of our country.” Sounds sweet, right? Until you peel back the curtain.

See, Wilson wasn’t some sentimental guy sitting around knitting doilies for his mom. No, no, no. This was a calculated move.

The idea for Mother’s Day had been floating around for decades, pushed by influential voices like Julia Ward Howe. By 1911, states were jumping on the bandwagon, but it took Wilson to make it federal. Why? Because he was a master of optics. This guy loved big, symbolic gestures to distract from the real stuff he was up to, like, oh, I don’t know, reshaping the entire federal government!

So here’s the deal: if you’re looking for an excuse to skip Mother’s Day, just lean into this. Say, “Sorry, Mom, I’m not celebrating a holiday cooked up by Woodrow Wilson!” I mean, think about it – this is the guy who gave us the Federal Reserve, the income tax, and don’t even get me started on his assault on basic liberties during World War I. You wanna trust THAT guy with your Sunday plans? I don’t think so! You tell your mom, “Look, I love you, but I’m not observing a Progressive holiday. I’m keeping my brunch money in protest.”

Now, I know what you might be thinking.

“Glenn, my mom’s gonna kill me if I try this.” Fair point. Moms can be scary. But hear me out: you can spin this. Tell her you’re honoring her EVERY DAY instead of some government-mandated holiday. You don’t need Wilson’s permission to love your mom! You can bake her a cake in June, call her in July, or, here’s a wild idea, visit her WITHOUT a Woodrow Wilson federal proclamation guilting you into it.

Shocking Christian massacres unveiled

Aldara Zarraoa / Contributor | Getty Images

Is a Christian Genocide unfolding overseas?

Recent reports suggest an alarming escalation in violence against Christians, raising questions about whether these acts constitute genocide under international law. Recently, Glenn hosted former U.S. Army Special Forces Sniper Tim Kennedy, who discussed a predictive model that forecasts a surge in global Christian persecution for the summer of 2025.

From Africa to Asia and the Middle East, extreme actions—some described as genocidal—have intensified over the past year. Over 380 million Christians worldwide face high levels of persecution, a number that continues to climb. With rising international concern, the United Nations and human rights groups are urging protective measures by the global community. Is a Christian genocide being waged in the far corners of the globe? Where are they taking place, and what is being done?

India: Hindu Extremist Violence Escalates

Yawar Nazir / Contributor | Getty Images

In India, attacks on Christians have surged as Hindu extremist groups gain influence within the country. In February 2025, Hindu nationalist leader Aadesh Soni organized a 50,000-person rally in Chhattisgarh, where he called for the rape and murder of all Christians in nearby villages and demanded the execution of Christian leaders to erase Christianity. Other incidents include forced conversions, such as a June 2024 attack in Chhattisgarh, where a Hindu mob gave Christian families a 10-day ultimatum to convert to Hinduism. In December 2024, a Christian man in Uttar Pradesh was attacked, forcibly converted, and paraded while the mob chanted "Death to Jesus."

The United States Commission on International Religious Freedom (USCIRF) recommends designating India a "Country of Particular Concern" and imposing targeted sanctions on those perpetrating these attacks. The international community is increasingly alarmed by the rising tide of religious violence in India.

Syria: Sectarian Violence Post-Regime Change

LOUAI BESHARA / Contributor | Getty Images

Following the collapse of the Assad regime in December 2024, Syria has seen a wave of sectarian violence targeting religious minorities, including Christians, with over 1,000 killed in early 2025. It remains unclear whether Christians are deliberately targeted or caught in broader conflicts, but many fear persecution by the new regime or extremist groups. Hayat Tahrir al-Sham (HTS), a dominant rebel group and known al-Qaeda splinter group now in power, is known for anti-Christian sentiments, heightening fears of increased persecution.

Christians, especially converts from Islam, face severe risks in the unstable post-regime environment. The international community is calling for humanitarian aid and protection for Syria’s vulnerable minority communities.

Democratic Republic of Congo: A "Silent Genocide"

Hugh Kinsella Cunningham / Stringer | Getty Images

In February 2025, the Allied Democratic Forces (ADF), an ISIS-affiliated group, beheaded 70 Christians—men, women, and children—in a Protestant church in North Kivu, Democratic Republic of Congo, after tying their hands. This horrific massacre, described as a "silent genocide" reminiscent of the 1994 Rwandan genocide, has shocked the global community.

Since 1996, the ADF and other militias have killed over six million people, with Christians frequently targeted. A Christmas 2024 attack killed 46, further decimating churches in the region. With violence escalating, humanitarian organizations are urging immediate international intervention to address the crisis.

POLL: Starbase exposed: Musk’s vision or corporate takeover?

MIGUEL J. RODRIGUEZ CARRILLO / Contributor | Getty Images

Is Starbase the future of innovation or a step too far?

Elon Musk’s ambitious Starbase project in South Texas is reshaping Boca Chica into a cutting-edge hub for SpaceX’s Starship program, promising thousands of jobs and a leap toward Mars colonization. Supporters see Musk as a visionary, driving economic growth and innovation in a historically underserved region. However, local critics, including Brownsville residents and activists, argue that SpaceX’s presence raises rents, restricts beach access, and threatens environmental harm, with Starbase’s potential incorporation as a city sparking fears of unchecked corporate control. As pro-Musk advocates clash with anti-Musk skeptics, will Starbase unite the community or deepen the divide?

Let us know what you think in the poll below:

Is Starbase’s development a big win for South Texas?

Should Starbase become its own city?

Is Elon Musk’s vision more of a benefit than a burden for the region?

Shocking truth behind Trump-Zelenskyy mineral deal unveiled

Chip Somodevilla / Staff | Getty Images

President Donald Trump and Ukrainian President Volodymyr Zelenskyy have finalized a landmark agreement that will shape the future of U.S.-Ukraine relations. The agreement focuses on mineral access and war recovery.

After a tense March meeting, Trump and Zelenskyy signed a deal on Wednesday, April 30, 2025, granting the U.S. preferential mineral rights in Ukraine in exchange for continued military support. Glenn analyzed an earlier version of the agreement in March, when Zelenskyy rejected it, highlighting its potential benefits for America, Ukraine, and Europe. Glenn praised the deal’s strategic alignment with U.S. interests, including reducing reliance on China for critical minerals and fostering regional peace.

However, the agreement signed this week differs from the March proposal Glenn praised. Negotiations led to significant revisions, reflecting compromises on both sides. What changes were made? What did each leader seek, and what did they achieve? How will this deal impact the future of U.S.-Ukraine relations and global geopolitics? Below, we break down the key aspects of the agreement.

What did Trump want?

Bloomberg / Contributor | Getty Images

Trump aimed to curb what many perceive as Ukraine’s overreliance on U.S. aid while securing strategic advantages for America. His primary goals included obtaining reimbursement for the billions in military aid provided to Ukraine, gaining exclusive access to Ukraine’s valuable minerals (such as titanium, uranium, and lithium), and reducing Western dependence on China for critical resources. These minerals are essential for aerospace, energy, and technology sectors, and Trump saw their acquisition as a way to bolster U.S. national security and economic competitiveness. Additionally, he sought to advance peace talks to end the Russia-Ukraine war, positioning the U.S. as a key mediator.

Ultimately, Trump secured preferential—but not exclusive—rights to extract Ukraine’s minerals through the United States-Ukraine Reconstruction Investment Fund, as outlined in the agreement. The U.S. will not receive reimbursement for past aid, but future military contributions will count toward the joint fund, designed to support Ukraine’s post-war recovery. Zelenskyy’s commitment to peace negotiations under U.S. leadership aligns with Trump’s goal of resolving the conflict, giving him leverage in discussions with Russia.

These outcomes partially meet Trump’s objectives. The preferential mineral rights strengthen U.S. access to critical resources, but the lack of exclusivity and reimbursement limits the deal’s financial benefits. The peace commitment, however, positions Trump as a central figure in shaping the war’s resolution, potentially enhancing his diplomatic influence.

What did Zelenskyy want?

Global Images Ukraine / Contributor | Getty Images

Zelenskyy sought to sustain U.S. military and economic support without the burden of repaying past aid, which has been critical for Ukraine’s defense against Russia. He also prioritized reconstruction funds to rebuild Ukraine’s war-torn economy and infrastructure. Security guarantees from the U.S. to deter future Russian aggression were a key demand, though controversial, as they risked entangling America in long-term commitments. Additionally, Zelenskyy aimed to retain control over Ukraine’s mineral wealth to safeguard national sovereignty and align with the country’s European Union membership aspirations.

The final deal delivered several of Zelenskyy’s priorities. The reconstruction fund, supported by future U.S. aid, provides a financial lifeline for Ukraine’s recovery without requiring repayment of past assistance. Ukraine retained ownership of its subsoil and decision-making authority over mineral extraction, granting only preferential access to the U.S. However, Zelenskyy conceded on security guarantees, a significant compromise, and agreed to pursue peace talks under Trump’s leadership, which may involve territorial or political concessions to Russia.

Zelenskyy’s outcomes reflect a delicate balance. The reconstruction fund and retained mineral control bolster Ukraine’s economic and sovereign interests, but the absence of security guarantees and pressure to negotiate peace could strain domestic support and challenge Ukraine’s long-term stability.

What does this mean for the future?

Handout / Handout | Getty Images

While Trump didn’t secure all his demands, the deal advances several of his broader strategic goals. By gaining access to Ukraine’s mineral riches, the U.S. undermines China’s dominance over critical elements like lithium and graphite, essential for technology and energy industries. This shift reduces American and European dependence on Chinese supply chains, strengthening Western industrial and tech sectors. Most significantly, the agreement marks a pivotal step toward peace in Europe. Ending the Russia-Ukraine war, which has claimed thousands of lives, is a top priority for Trump, and Zelenskyy’s commitment to U.S.-led peace talks enhances Trump’s leverage in negotiations with Russia. Notably, the deal avoids binding U.S. commitments to Ukraine’s long-term defense, preserving flexibility for future administrations.

The deal’s broader implications align with the vision Glenn outlined in March, when he praised its potential to benefit America, Ukraine, and Europe by securing resources and creating peace. While the final agreement differs from Glenn's hopes, it still achieves key goals he outlined.

Glenn's Show Prep