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.

Countless leaders on the left are now arguing that removing President Donald Trump from office won't be enough — they're now calling for the president's "cult-like" supporters to be "deprogrammed." And it's not just fringe politicians.

During an appearance on "Real Time with Bill Maher" last week, former NBC anchor Katie Couric said, "The question is, how are we going to really almost deprogram these people who have signed up for the cult of Trump."

Former Democratic presidential nominee Hillary Clinton and Democratic Speaker of the House Nancy Pelosi questioned whether the nation needs "a 9/11-type commission" to determine whether President Trump was colluding with Russian President Vladimir Putin "the day that the insurgents invaded our Capitol." Clinton also made sure to include her favorite "deplorables" in her unsubstantiated conspiracy theory:

"But we now know that not just [Trump] but his enablers, his accomplices, his cult members, have the same disregard for democracy," Clinton said to Pelosi.

Washington Post columnist Eugene Robinson and New York Times Magazine's Nikole Hannah-Jones agreed that there is a need for "millions of Americans, almost all white, almost all Republicans" to be deprogrammed and punished, during an MSNBC interview last week.

Now, a story from the Washington Post is also preaching that narrative and even added that we need more restrictions for conservatives on social media and in the broadcast industry.

"So now we have to be deprogrammed? We've heard this over and over and over and over again, for months," said Glenn Beck on the radio program Tuesday. He read through the shocking details of the Washington Post op-ed and discussed the extraordinary dangers of the latest anti-conservative movement in America.

Watch the video below:

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As calls for censorship and restrictions against conservative voices get louder, Glenn Beck said he feels an "awesome responsibility" to speak, not the words he'd personally like to say, but those he believes the Lord would want him to share.

"It's an awesome responsibility, and one that I am not worthy of," Glenn said. "I want to say ... what He wants me to say. And I have to listen very carefully, because I feel the same way you do. But that will get us nowhere."

Glenn said it's time for Americans who are awake — not woke — to come together, no matter which side of the political aisle you're on, and stand with the truth.

"We are the Alamo, we will stand. But we desperately, desperately need you," Glenn said. "We need the people who are awake — not woke — awake. You may disagree with us. We are your allies, not your enemies. And if you will not stand with us in our hour of need, there will be no one left to stand with you in your hour of need. We must all come together, anyone who is awake."

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The incoming Biden administration plans to waste no time in overturning much of the progress achieved by President Donald Trump.

On his radio program Monday, Glenn Beck ran through 10 executive orders President Joe Biden plans to announce on "day one" of his time in office — including rejoining the Paris climate accord, canceling the Keystone pipeline, mask mandates on federal land and during interstate travel, and a proposed federal minimum wage of $15 an hour.

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Eric Weinstein, managing director of investment firm Thiel Capital and host of "The Portal" podcast, is not a conservative, but he says conservative and center-right-affiliated media are the only ones who will still allow oppositional voices.

On "The Glenn Beck Podcast" this week, Eric told Glenn that the center-left media, which "controls the official version of events for the country," once welcomed him, but that all changed about eight years ago when they started avoiding any kind of criticism by branding those who disagree with them as "alt-right, far-right, neo-Nazi, etc.," even if they are coming from the left side of the aisle. But their efforts to discredit critical opinions don't stop there. According to Eric, there is a strategy being employed to destroy our national culture and make sure Americans with opposing views do not come together.

"We're trifling with the disillusionment of our national culture. And our national culture is what animates the country. If we lose the culture, the documents will not save us," Eric said. "I have a very strongly strategic perspective, which is that you save things up for an emergency. Well, we're there now."

In the clip below, Eric explains why, after many requests over the last few years, he finally agreed to this podcast.

Don't miss the full interview with Eric Weinstein here.

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