Are we repeating Black Monday 1987?

The global stock market just took its biggest dive since October 2008. The DOW dropped a stunning 588 points, a sober reminder of how quickly a volatile situation could develop in the event of an economic crash. Glenn shared his thoughts and listed a few suggestions for how to be prepared.

"I would suggest that you have a week's worth of cash on hand. And the only reason why you should have a week's worth of cash on hand is in case they do at some point close the banks just to be able to stabilize the situation. Because that will happen at some point. I don't think it's happening today. But that will happen at some point," Glenn said.

"I would just make sure that you have looked at your food storage and your 72-hour food storage and if you have gold or silver, whatever it is, that you feel good about. You have those things on hand," he said.

"Have you replenished your ammunition and your guns? How are you doing with God? Those are all the doomsday things to do, but if you have any those unchecked on your list, I would make a point to start doing those today. We are headed for trouble," Glenn said.

Listen to or read the full segment below.

Below is a rush transcript of this segment, it might contain errors.

GLENN: It's crazy. It's now challenging today. Thirty-eight dollars a barrel. Thirty-eight dollars a barrel. Let me just give you some comparisons and show you, is it better or is it worse than it was in 2008. Markets and central banks feared inflation at the time, and oil had hit $133 a barrel. Now we have oil at testing $38 a barrel today. Central banks are fearing now massive deflation. The idea that the US central bank or the Federal Reserve is going to higher interest rates is now a thing of the past. That is just not going to happen. I guarantee you, QE4, Quantitative Easing 4, is right around the corner. China had a relatively modest $7 trillion in total debt back in 2007 and '8. That was less than 100% of GDP. Since 2008, China alone has quadrupled their debt from 7 trillion to $28 trillion.

PAT: Wow.

GLENN: So if anybody thinks China is the future, they now have 282 percent of gross domestic product in debt.

PAT: Who is China borrowing from?

GLENN: I have no idea.

PAT: That's amazing.

GLENN: I have absolutely no idea.

Back in 2008, we still had a central bank, a Federal Reserve that said we can do TARP. We can do TARF. We can do all of these programs. Well, now the toolbox is empty. Now they don't have anything. We had the rescue packages. The credit guarantees. Quantitative easing. Zero interest rate policy. Right now, we're almost at zero. We have taken every new program we could. We have yield curve -- bend. We have bought all of the bad debt and put it on the Federal Reserve -- there's nothing left for the Federal Reserve to do. They used to have a clean slate, they don't anymore. We are now down to .25 percent interest rate.

And our -- our -- jeez, I can't remember the name of these things were -- credit default swaps -- our credit default swaps are as bad as China's debt now. Where we were on credit default swaps, we just went back into that business, and it's far worse than it was in 2008. I'm not saying that today is going to be the big plunge. I'm saying that it sure looks like it. The world is taking the big plunge. This could be a Black Monday for us. But the good news is, the stock market has a long way to fall. It's not going to be just one. It will come down and it will go back up a little bit. And then it will go down. It's a gaming table. It will just keep taking money off of the table. Just keep it coming off the table. Not good. Not good.

May I suggest, I do not think that this is the big lights out event, but I will tell you this, I believe there is something in our collective conscience, I believe there is something that is telling people all around -- all around the globe, something bad is coming our way. And I think everybody feels it. So here's what I would suggest you do.

I would suggest that you pay attention to what is in your 401(k). You make sure that there is some sort of stop on your 401(k) so you can't just lose everything on your 401(k). That if you do have stocks, you call your broker today and make sure you have some sort of stop, 5 percent or 10 percent, or whatever else you're ready to risk.

I -- I would highly suggest that you have enough cash for a week. This is not the big crash. I just don't believe that. Maybe it is. I don't believe that. I'm always bad on timing. So seeing that I feel like it's not, it probably is.

However, there is going to come a time when things just stop working and they shut everything down and they stop a run on the bank and everything else. And I don't think we're there. But I would suggest that you have a week's worth of cash on hand. And the only reason why you should have a week's worth of cash on hand is in case they do at some point close the banks just to be able to stabilize the situation. Because that will happen at some point. I don't think it's happening today. But that will happen at some point. So you should have a week's worth because what happens -- we have seen this happen recently in other countries, where they just limit the amount that you can take out. So everybody just gets $200, you know, every couple of days. You can have $200. But that's it. I would just make sure that you have looked at your food storage and your 72-hour food storage and if you have gold or silver, whatever it is, that you feel good about. You have those things on hand. Have you replenished your ammunition and your guns? How are you doing with God? Those are all the doomsday things to do, but if you have any those unchecked on your list, I would make a point to start doing those today. We are headed for trouble

PAT: Potter just called. He's offering 50 cents on the dollar over there. You see. We don't need to do that. You want to foreclose on Mr. Smith and you got your money over here -- that's what you agreed to when you signed the agreement.

GLENN: We should -- we should pull out the episode that I did right after the crash. Remember, we compared it to Potter. I explained the hold thing.

PAT: Yeah. Yeah.

GLENN: We should find that old show and play that.

PAT: Well, because that whole thing is based on the Great Depression and the massive crash.

GLENN: Yeah. It's happening again. It will happen again. We took that show out. We should find that show, and maybe we will air that show or at least that hour sometime this week.

PAT: And there will be the Potters too that will be taking huge advantage of this. There will be the George Soroses that will be making a fortune.

GLENN: Oh, yeah. Well, he already has. We told you last week that he talked these down companies. He talked them down. Said they were horrible, horrible, horrible. Talked them down. Then when their price was down, he swooped in. This is what these guys do. You swoop in. Not at the top. That's when we get into the market. They swoop in at the bottom.

STU: You know it's interesting listening to all the business broadcasts this morning. They were like, don't panic. It's not time to leave. Everything is going to be fine. If you are going to sell today, then maybe you shouldn't be in the market at all. It's like they're just trying to calm fears. But, I mean, it looks like it's going to start really ugly today.

GLENN: What's it down now?

STU: The Dow -- it was 630 points.

GLENN: I saw 666 last time I checked. Wow, that's appropriate.

PAT: Oh, boy.

GLENN: I think we're just -- we're headed for a reset. I mean, the whole thing has to be reset. And, I mean, the whole thing. Not just the banking and the financial. But the whole thing needs to be reset. It doesn't work anymore. You know, we have so bastardized it.

On the radio program Friday, Glenn Beck discussed the recent news that a primary source for the Steele Dossier — the document on which much of the Trump-Russia collusion investigation was based — had been investigated by the FBI for contacts with suspected Russian spies. Glenn also shared several previously unpublished texts and emails from FBI agents have recently been released.

According to a letter sent by Attorney General William Barr to Senate Judiciary Committee Chairman Lindsey Graham (R-S.C.) on Thursday, the FBI knew early on that the research compiled by ex-British intelligence agent Christopher Steele relied on a "Primary Sub-source" that had been "the subject of an FBI counterintelligence investigation from 2009 to 2011 that assessed his or her contacts with suspected Russian intelligence officers" — but still used it to obtain warrants to spy on former Trump campaign-aide Carter Page.

But, it gets even worse. Now, new leaked texts and communications from FBI agents within the department at the time of the entire Russian collusion effort were disclosed in federal court filings on Thursday. According to the court documents, FBI agents purchased "professional liability insurance" to protect themselves in January 2017, just weeks before Donald Trump was inaugurated president, because they were concerned about the agency's potentially illegal activity during the Russia collusion investigation.

"Trump was right," one FBI employee wrote in response to then-President-elect Trump's Jan 3, 2017 tweet which read: "The 'Intelligence' briefing on so-called 'Russian hacking' was delayed until Friday, perhaps more time needed to build a case. Very strange!"

Watch the video below for more details:

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Chief researcher Jason Buttrill joined Glenn Beck on the radio program Thursday to discuss an "explosive" new report released Wednesday by Senate Republicans on Democratic presidential nominee Joe Biden's son, Hunter Biden, and the Ukrainian energy company Burisma.

Among other serious allegations, the 87-page report claims that "Hunter Biden received a $3.5 million wire transfer from Elena Baturina, the wife of the former mayor of Moscow," and the richest woman in Russia.

"The transactions discussed [in the report] are designed to illustrate the depth and extent of some questionable financial transactions. Moreover, the financial transactions illustrate serious counterintelligence and extortion concerns relating to Hunter Biden and his family," the report stated.

Jason suggested the Senate's findings provide additional evidence to back allegations of a money-laundering scheme, which Glenn detailed in a four-part series about Biden's shady connections to Ukraine. Learn more on this here.

"Laundered money is very hard to track to its finality," Jason explained. "I'm sure the Biden camp is really hoping that it just looks suspicious, but [investigators] don't ever find the eventual end point. But, if they do – and it's possible they already have – this is going to be explosive, very explosive."

Watch the video below for more details:

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Revolutions rarely happen overnight. The Left started laying the groundwork for November 3, 2020, the moment Hillary Clinton had to concede the 2016 election to Donald Trump. It was always solely about getting rid of President Trump — and there's a playbook for that.

Last week, Glenn Beck showed you the "Seven Pillars of Color Revolution" written by a former U.S. diplomat, which are the conditions that must be in place for a successful Eastern European-style "Color Revolution." The left seems to be pushing for a Color Revolution this election because they are using the exact same playbook.

In part two of this series, Glenn peels back the layers on the first four of these Color Revolution pillars to show you how they work and what the end goal is. And he reveals one of the architects of the playbook – a Color Revolution specialist, former ambassador, and former Obama administration official who is one of the key masterminds of this revolution.

Joining Glenn is political campaign veteran and BlazeTV host Steve Deace who says the polls that claim Biden is leading the race "are trash." We're being set up to believe that if Trump wins in spite of the polls, it must be an invalid election.

Watch the full video below:


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Sen. Ted Cruz: NOBODY should be afraid of Trump's Supreme Court justice pick

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Sen. Ted Cruz (R-Texas) joined Glenn Beck on the radio program Wednesday to weigh in on President Donald Trump's potential Supreme Court nominees and talk about his timely new book, "One Vote Away: How a Single Supreme Court Seat Can Change History."

Sen. Cruz argued that, while Congressional Democrats are outraged over President Trump's chance at a third court appointment, no one on either side should be afraid of a Supreme Court justice being appointed if it's done according to the founding documents. That's why it's crucial that the GOP fills the vacant seat with a true constitutionalist.

Watch the video below to hear the conversation:

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