Did Reagan's Assassination Attempt Thwart an Invasion of Poland and Nuclear War?

Paul Kengor, political science professor and author of the new book A Pope and a President: John Paul II, Ronald Reagan, and the Extraordinary Untold Story of the 20th Century, joined Glenn on radio for a fascinating discussion about the bond between Ronald Reagan and Pope John Paul II. Both men survived assassination attempts in an age when the Soviet Union met its end. Kengor revealed incredible details about the lives of these two great leaders and how divine intervention may have prevented a geopolitical disaster.

Enjoy the complimentary clip or read the transcript for details.

GLENN: Paul Kengor, professor at Grove City College, author of numerous books. He has a new one out about Ronald Reagan, The Extraordinary Untold Story of the 20th Century. I don't want to tell you the name of the book because it will spoil the surprise. I would have thought that the best friend -- that someone Ronald Reagan would have said was my best friend would be Nancy. That's not what Paul found. Paul, welcome to the program.

PAUL: Hey, Glenn, thanks so much.

GLENN: So how did you find this about Ronald Reagan? Where did you find this? And -- and were you shocked by it? Not shocked, but just shocked that you didn't know it.

PAUL: Yeah, I'd say both, really. And, in fact, Nancy Reagan -- and here's the giveaway, said that John Paul II was her husband's closest friend, which is an amazing thing to say. So you had Ronald Reagan referring to John Paul II as his best friend, and then Nancy said that John Paul II was her husband's closest friend.

GLENN: Isn't that amazing? I've never heard that. Never known that.

PAUL: That's right.

GLENN: That -- in many ways, that completely changes my view in a positive way of Ronald Reagan and who he was. To be John Paul's closest and best friend is remarkable.

PAUL: It is. And I think, look, to be sure, I think there's probably a little bit of a kind of genial overstatement, right? On the part of Reagan in saying that. But the first time that I heard it, it was about ten years ago. And somebody from the Polish Solidarity Movement told me about him and three other members of the Polish Solidarity Movement.

They were visiting with Reagan. This would have been the spring of 1989. And Reagan was no longer president. He was at his Century City office. They were about to hold these historic elections in Poland that would really -- I mean, that's what really took down the Communist bloc, those elections in Poland, even before the Berlin wall fell.

GLENN: Yeah, yeah.

PAUL: And he said, you won't believe this conversation. We're talking to Reagan. The old campaigner who won 49 out of 50 states. And we asked him for some campaign advice. And he looked at us and he said, "Yeah, listen to your conscience because that's where the Holy Spirit speaks to you." What? What was that?

And they gave him a sort of puzzled look. And then he turned, and he gestured to a picture on his office wall of Pope John Paul II. And he said, "He's my best friend." Said, "Yes, you know I'm Protestant. He's obviously Catholic. "But he's my best friend." And when I started asking people about this, including Nancy Reagan, who was great. Every time I had a question for Nancy, I usually sent it by email or phone call, and she would respond to all of these. She was wonderful because she loved John Paul II herself.

She said that John Paul II was her favorite leader among everybody that Ronnie met with. And I think, Glenn, what they both mean by that is it's not like the two were calling each other up and talking about the ball game or going fishing.

GLENN: Sure. Sure.

PAUL: Or -- but I think what Reagan meant was, in terms of this kind of historical and spiritual -- he and John Paul II both thought this way, this historical, spiritual struggle to take down and defeat this evil empire, atheistic Soviet communism, Reagan felt that there was no better friend or no closer friend that he had in that endeavor than Pope John Paul II.

GLENN: We're talking to Dr. Paul Kengor. A professor and a great author. Written several books. One of them is -- that he did with Mercury, Inc. The Communist, which was about Barack Obama's mentor, Frank Marshall Davis. Great researcher on history. His new book is A Pope and A President: John Paul II, Ronald Reagan, and The Extraordinary Untold Story of the 20th Century.

Paul, they had this -- they had this connection of not only bringing things down. But I think they also had -- and you talk about it in the book -- this connection because they both felt that they were men of destiny, and they both had an assassination attempt against them. And they both survived, which I think hardened that man of destiny, we're on God's side kind of feeling.

PAUL: Yeah, that's exactly right. People forget this now. Everybody remembers that they were both shot. But, I mean, they were shot only six weeks apart.

GLENN: I did not remember that.

PAUL: It was March 30th, 1981, that Reagan was shot by John Hinckley. And then John Paul II was shot on May 13th, 1981. And immediately after Reagan was shot, the pope sent his prayers to Reagan, you know, wishing him well for a speedy recovery. And then Reagan, right after John Paul II was shot, immediately tried to call the Vatican. He called Cardinal Cook, Cardinal Krol in New York and Philadelphia. Sent a letter off to the pope saying that he was horrified by this, telling him that he was praying for him. Had a personal letter delivered to him by Congressman Peter Rodino, a Democrat from New Jersey. Had it taken all the way to Rome. And, I mean, they -- they already had wanted to meet with each other, Glenn, at least since early 1981 when Reagan was president.

And actually for Reagan, he wanted to meet with John Paul II from the moment that he saw footage of the pope going to his homeland in June 1979. Reagan said we got to get elected, and we got to reach out to him and the Vatican and make him an ally. So now with the two of them being shot -- and people didn't know this then either. They both very nearly bled to death.

GLENN: Right.

PAUL: They should have died. The pope needed 6 pints transfused of blood. Reagan needed eight. They both should have bled to death on their respective ways to the hospital. And then when they finally got together for the first time at the Vatican in June 19832, they met for about an hour alone, and they confided to one another their mutual beliefs that they believed that God had spared their lives for a special purpose, to take down atheistic Soviet communism.

STU: Hmm. Talking to Paul Kengor. Paul, this is I think new. I've never heard this before. Reagan being shot may have prevented the Soviet Union from invading Poland. Is that true?

PAUL: Right. It's incredible. It's an incredible story. It was told to me by someone who was at the Berlin station at the time in the late '70s and early 1980s. And I first heard this about five years ago. And I was blown away by the -- by the possibility. I spent a summer at the Reagan Library, looking into this. And it pretty much checks out. And, I mean, look, here's what we know: Between about November 1980 and the time that the Soviets declared -- helped declare martial law in Poland. This would have been December 1981.

Everybody was on pins and needles that the Soviet Union was going to invade Poland. I mean, we thought it was possible. We were hoping it wouldn't happen. Thought it was possible.

I was told by my source that -- he said, "You have no idea how close this was." He was -- he was decrypting information from the Soviets, throughout March 1989. And he said that he had information that they were literally ready to march into Poland on March 30th, 1981. On that exact -- that exact date March 30th, 1981. And you say, well, why is that so profound? Because of course Reagan was shot on March 30th, 1981.

And he -- he claims that because Reagan was shot and the US military went on full nuclear alert, highest level of DEFCON --


PAUL: Al Hague, you know, stomped into the White House. Said, "I'm in charge here." It's funny because everybody made fun of Hague for that. But the Soviets saw that, and they said, Al Hague, you know, former Supreme Allied Commander of NATO. He's no one to mess around with.

STU: Hmm.


PAUL: And they sent a DEFCON alert. And my source told me they were ready to go. And then when Reagan was shot, that's what called off the whole thing.

STU: Wow.

GLENN: So --

PAUL: And I think --

GLENN: Go ahead.

PAUL: I think it's accurate.

GLENN: Let me go back to the assassination on the pope.

You have in your book, New Details, that the KGB was involved in the pope's assassination.

PAUL: That's right. And we've long suspected that the Soviets were involved. John Paul II, Glenn, fought it as early as July 1981. In fact, when he got to the hospital, before he passed out, he said to the nurse, "How could they do it? How could they do it?" They meaning who? The one guy that lifted his gun? Mehmet Agca. And shot him.

I mean, he suspected right away that something was going on. He was telling people by late '81 -- his aides and confidants -- that he thought Moscow ordered it.

Reagan, Bill Casey at the CIA -- Casey called a very tight meeting of the National Foreign Intelligence Board on F Street in Washington, the very next morning, May 14. Wanted to know what Moscow was up to.

Bill Clark, the National Security Council. So they all suspected Moscow. Then when the word got out that the Bulgarians were involved. And you and Pat and Stu knowing your Cold War history, I mean, you know what the Bulgarians were like. They were stooges of the Soviet Union. Some people called Bulgaria the 16th Soviet Republic.

So when they heard that Bulgaria was involved and was behind Mehmet Agca, that immediately raised red flags, pun intended.

And, you know, they -- when they heard Bulgaria, they thought, "Okay. Moscow had to have been involved." But they kept all of this quiet until Casey ordered a truly super secret investigation at the CIA. And this is really kind of the blockbuster thing that I broke in this book.

And Casey -- this was a very tight investigation. I was told it was spearheaded by two young women, one of them in her late 20s, early 30s. Another in her early 40s. And they came to the conclusion that Moscow did, in fact, order the hit on the pope. And, specifically, it was through the Soviet GRU -- military intelligence -- they're the ones that organized it. But they did it with the go ahead and the approval of Yuri Andropov at the KGB.

GLENN: How much -- and I'm trying to keep of the timing here. I think it was after the assassination. How much did this play a role in Ronald Reagan having zero doubt or fear of labeling the Soviet Union an evil empire?

PAUL: Well, that's a good question. Reagan said that in March of '83.

GLENN: Right.

PAUL: And I think for Reagan, I mean, he had always known they were evil.

GLENN: But, I mean, if you knew they were evil -- but even the pope said, "How could they do this?"

PAUL: Right.

GLENN: To go and try to assassinate the pope. And a guy who sees a black and white world already, that just pushes you into a whole new level of evil.

PAUL: That's right. It really does. And, I mean, it doesn't surprise me. Knowing the way that -- the Soviet Union, they had been killing priests and bishops, Russian Orthodox Church rabbis, Roman Catholic priests, Protestant priests. They had been doing this since 1917. I mean, they killed hundreds, if not thousands. They were blowing up churches. Reagan knew that history. John Paul II knew that from being in Poland, where they harassed him since the 1950s. So really I think the answer to your question, Glenn, whereas a lot of the establishmentarians in the State Department and the CIA couldn't imagine that the Soviets would descend to that level, Reagan and Bill Casey and John Paul II and guys like Bill Clark, they had no problem at all imagining that the Soviets --

GLENN: So I want to go -- I have to take a break. But I want to come back and talk to you -- we're talking to Paul Kengor. His new book is called A Pope and A President. You get into something that I wasn't aware of, and maybe others are, that the pope was a big scholar or big fan -- I don't know how you would describe it -- of the secrets of Fatima, which I would like you to describe what those secrets of Fatima are. How the Vatican has the last parts of the secrets of Fatima. Did Reagan know any of that? And the role that those secrets played with Russia. Something that nobody would have wanted to know about the president at the time. The press would have had a field day with that.

But I'd like to hear about his connections with the secrets of Fatima and the pope coming up in just a second.

PAUL: Sure.

GLENN: The name of the book again is A Pope and A President. Fascinating and new material on Ronald Reagan and the pope. Sponsor this half-hour is My Patriot Supply. Yesterday, two US B-1 bombers departed Anderson Air Force Base in Guam. And they conducted a joint drill with South Korea and Japan. They flew over the North Korean peninsula. And they flew close to the 39th parallel. Why? The reason why is they are showing -- they showed off our stealth and our -- our B-1 bombers, saying to North Korea -- they flew close enough to the zone for them to know what they were, to say, "We can knock out all of your infrastructure."

PAT: Does the 39th parallel scare them as much as the 38th does?

GLENN: I'm sorry. The 38th parallel. Thank you. No, it doesn't. It doesn't.

PAT: Okay.


GLENN: We're talking to Dr. Paul Kengor. Great friend of the show and a great brilliant historian and writer. A Pope and A President is his new book. And before we move into the secrets of Fatima, Paul, I want to go back to what you said about the Soviets planning on invading Poland the day of Ronald Reagan's shooting. And if it wasn't that Ronald Reagan was shot that day, they were going to invade.

A couple of things on that: If they would have invaded, even without Al Hague, America would have immediately assumed it was the Soviet Union that was behind this assassination attempt, which would have been false. But we would have immediately assumed that that was not a coincidence.

PAUL: That's right.

GLENN: And even if it wasn't for the shooting, if they would have invaded, we may have gone to nuclear war over that.

PAUL: That's right. You know, that would have been absolutely and ultra devastating. And I think one of the reasons why they pulled back, Glenn, is because people might have linked it to the shooting.

GLENN: Sure.

PAUL: The shooting of Reagan. It turns out, of course, it was John Hinckley and he was trying to get the attention of Jodi Foster. He wasn't involved in any kind of international conspiracy whatsoever, but people would have definitely thought of that.


The REAL Reason They’re Going After Trump... AGAIN | Ep 262

While the Trump indictment rumors dominate the headlines, here’s what this story is trying to distract you from: The banking crisis here in the United States has started to spread to Europe. In the middle of that, some of the largest corporations in America have announced tens of thousands of layoffs. Just when you thought that it couldn’t get any worse for the Biden administration, the House Oversight Committee released a memorandum revealing bank records that show multiple payments from a Chinese energy company to several Biden family members. That SHOULD have been a lead story — but along came some well-timed coincidences. Hunter Biden announced a lawsuit against the computer repair shop owner who exposed his laptop. Then a leak to the mainstream media suggested Donald Trump was about to be arrested. Coincidences, coincidences. Are more people talking about what’s happening with the banks and the economy, or are they talking about Trump? Are more people talking about an apparent pay-for-play scandal that could potentially go all the way to Joe Biden himself, or are they talking about Trump? Glenn argues it’s all an elaborate distraction and shows you how deep this all goes. Peter Schweizer, expert journalist on political corruption and author of “Red-Handed: How American Elites Get Rich Helping China Win,” tells Glenn, “I don’t know of any other political family as bad as the Bidens.” This is not just a Hunter or Hallie Biden story — this is a Biden family corruption story, with Joe at the center of it all.

Click HERE to get the EXCLUSIVE documents and research from this Glenn TV special.


THIS Fed program is STEP #1 to losing FINANCIAL CONTROL

Apparently the Federal Reserve has been developing a new digital payment system for years now. The program, called FedNow, is set to launch in just a few months, and the Fed’s handy-dandy explainer video shows exactly how this new system will slowly begin to steal financial control from YOU. This is just laying the groundwork, Glenn explains, for an eventual Central Bank Digital Currency (CBDC) which is why, he says, we MUST stop this IN ITS TRACKS.


Below is a rush transcript that may contain errors

GLENN: I found something yesterday, interesting. It's called Fed Now.

Here's how it works, cut one.

VOICE: Today, people in businesses, expect to make and receive payments at the click of a button, any time of the day, every day of the year.

And most expect their financial and institutions to offer or support payment services, that meet the speed and convenience, they seek.

In fact, three in four businesses, and 23rd of consumers surveyed, think it's important that their bank or credit union, offer faster payments.

GLENN: Right.

VOICE: Financial institutions interested in meeting these demands can use the Federal Reserve's upcoming Fed Now service to build innovative payment offerings to help retain and attract customers, and avoid losing out to the competition.

GLENN: Holy. Wow.

VOICE: With the Fed Now service launching in 2023, the time to start preparing is now.

GLENN: Right.

VOICE: What can financial institutions do to get ready?

A bank or credit union should first get a sense of the demands and trends in the market. Let's take a look at how one financial institution might do this.

Meet Jill, the CEO of Community Bank.


VOICE: Jill keeps a close eye on community bank's customer retention rates.

GLENN: Uh-huh.

VOICE: She was surprised to see new research showing that nearly two-thirds of businesses and one-third of consumers indicated they would factor access to faster payments, into future decisions on whether to switch financial institutions.

Jill and her team looked at their own customer transactions and discovered an increasing number of customers, moving funds to alternative payment services, such as digital wallets and mobile payment apps.

GLENN: Uh-oh.

VOICE: This corresponded with a noticeable decline in customer's deposits and accounts at a community bank.

GLENN: Uh-oh.

VOICE: They knew they had to take action.

Jill and team reviewed Fed Now education pools and resources to understand how the service will work and how to prepare for it.

They also learned about instant payment use cases, including an account to account transfers, bill pay, and person to person transactions.

GLENN: Stop just a second.

So these -- the fed now -- the fed now system is taking applicants beginning next month and they're launching this July for your independence, for your freedom. For your security. For your benefit.

And so now, you can -- you can go to one of these banks. You might meet Jill. Did I introduce you to Jill, from Community Bank?

Jill's done a survey, and she found people want, you know, access to their money, quickly.

STU: Two-thirds of consumers believe their money should be available at the bank, that they go. Good poll!

GLENN: Okay. So what is Jill doing?

Jill is going to the fed, and saying, can we have your non-block chain system? And have it so we can give everybody a credit card or a bank card, and it -- it won't say fed now on it, but it will be the engine of fed now. Where they just swipe their card. And instantaneously, they can buy something.

STU: What? What kind of futuristic world is this?

GLENN: It's a crazy futuristic world, flying cars. What's next!

But it will be faster.

Because see, right now, like if you go to a bank and you need to transfer funds, you have to go to the bank and say, hey, I need to transfer these from one account to another.

And then they're like, oh, okay. Account number? And they write it down. Okay. And you want to transfer it, where? All right. Sign this. Okay. Then they do this really old archaic thing. They go, okay. Done.

Hello! It's the year 2023. We can't wait that long. No. We need something faster. And we want it to go through the fed every time we make a purchase of something.

STU: What could possibly go wrong with this system?

GLENN: Well, they want you to know, this is an alternative for a fed coin. Yeah.

STU: Hmm.

GLENN: Yeah. They're saying. No. We want you to know, clearly, this is not to introduce center bank digital currency, a CBDC. No, no, no. This is an alternative to that.

When are you --

STU: That doesn't sound like much of an alternative. That sounds like much of the same thing.

GLENN: Well, no. You will have a bank card instead. You will have your local bank doing it.

STU: It looks like one thing. But it is another. Also, Jill is a man. That's how the video ends.

We didn't get to that part. That's how it ends. You find out Jill, the CEO of Community Bank is a dude.

GLENN: Wow. So did anybody hear about the quote, much anticipated, and -- and heralded new Fed Now system?

Have you been waiting? Because I didn't even know about it. In fact, I thought all of this was a conspiracy.

STU: No. The video was from 2021.

It's almost like there was something behind this the whole time.

GLENN: Really?

Isn't it weird that it's like, hey, everybody. We're going to do this in April.

And banks, if you're having a liquidity problem, your answer is just over the horizon.

With fed now.


What a coincidence.

But remember, this is nothing to do with the fed coin.

Because that would track every dime that you spend. Oh, and some other things, that you should probably be aware of.

I'll tell you about that, in 60 seconds. How do people have faith in socialism?

It's failed over and over and over again.

You know why? You know why it's failed?

Wrong people. No. It's not that it's a horrible idea. And goes against human nature itself. And so it always ends in bloodshed. No. It always ends in bloodshed. Because they didn't do it right. But this time, it will be different.

Now, how do you get people to do that? Take over education. Yeah. And they've done that.

What are your kids learning? I would like to ask you to turn to the Tuttle Twins to help fight back, and teach your kids about personal responsibility. Free markets. Entrepreneurship. Limited government.

By the way, do you know who we have on today? You want to talk about personal responsibility and entrepreneurship? The guy who started Home Depot is on with us today.

He is fantastic. Anyway, the Tuttle Twins will teach your kids all of these things. The left despises these. Because, I mean, they would be good.

But it was just the wrong people writing it this time.

Maybe they can rewrite it, like Charlie and the Chocolate Factory.

The Tuttle Twins would like to offer you a free DVD with some of the episodes of their cartoons. They now have really great cartoons.

And their books. All you have to do is order a set of their kids books at This week only, You get a free DVD with the episodes of their cartoons when you order the books. That's this week only. Ten-second station ID.
Okay. Next hour, we're going to get into this, and show you will exactly what needs to be done. And what is really happening. But we've been telling you about the uniform commercial code. Kids are running -- wait, Dad, is he talking about the UCC again? Turn it up.

I know. It's so exciting.

But the uniform commercial code is the UCC, is something that we used to just make everything compliant with each other. Easy to do.

Business with each other. And they changed it from time to time.

But they've just made a major change, regarding CBDC. It's changing the definition of money to include the fed coin, which definitely is not happening. It's just Fed Now. Which is an alternative. Anyway, it's really important that you stop this dead in its tracks.

However, we have been talking to some attorneys and everything else.

And there's -- there's more to this, than met the eye. When you put money into a bank, you're taking real physical cash that you possess. Or can possess.

And you're giving that over to the bank as a deposit.

When you do that, you give the bank control of that money.

So as soon as you give the money to the bank, you're really no longer the owner of that money.

The bank has that money. You become a liability. Somebody they have to pay back. That's the way the law is written.

The bank owns the money. And you're still entitled to get the money back of course. And to use the deposit account to cover expenses.

But you're no longer the owner of the money. This is why the bank has the right to lend the money to somebody else, without checking with you first. If you want to take the money out of the bank account, you take ownership again. You're like, I don't like you, Mr. Banker. I will go see, Jill, at community -- was it Jill? The guy at community.

STU: Jill. Jill at Community Bank.

GLENN: Community Bank. You take your deposit out. You take it in cash. You walk away and go over to see Jill. Hey, Jill.

STU: Formerly Jim.

GLENN: You want to open up an account with us?

Okay. Here's the problem. With central bank digital currency, there is no physical cash.

There's -- even with Bitcoin, you can take it on a thumb drive, and you stick it in your pocket.

Or you can move it from one ramp to the other.

STU: Just memorize your seat phrase. That's all -- you can do a bunch of different things.

GLENN: Good. But it's yours.

But CBDC is electronic, and it's only in Fed Now. It's only in the Federal Reserve System.

So let's see --

STU: Is that a Fed Now in your pocket, Jill, or are you just happy to see me?

GLENN: Theoretically, a digital currency could be designed, so you could download it on a hard drive, store it on a private digital wallet or something. But that's what Fed Now is getting rid of.

So there's no chance that CBDC is going to be designed this way. That means your deposits. Once you deposit them in the bank with the fed, that makes the deposits not money. Therefore, you don't own it. The institution controlling the platform. Either the private banks or the fed would own it. You would own no money. It would be the people who control the platforms. Oh, you mean like you'll own nothing, you'll have no privacy, and you'll love it?

Well, yes. Two of those three things are true.


Home Depot co-founder and former CEO blasts Biden: My company couldn't have started under this administration

Glenn recently talked with Home Depot's co-founder and former CEO Bernie Marcus. Marcus came into the news after accusing Silicon Valley Bank of devoting more time and energy to "woke" projects rather than carrying out proper risk assessment, which led to the bank's recent collapse.

Marcus joined Glenn to discuss America's current business climate. Is the Silicon Valley Bank's collapse indicative of a larger economic issue? Marcus said he wouldn't have been able to start Home Depot in today's current climate with high taxes and regulations. Moreover, he took aim at Biden himself, claiming Biden's current policies and tax hikes could potentially wipe out half of America's small businesses. In this clip, Glenn asks Marcus pointedly: "Could you start Home Depot today?"

Marcus answers:

I don't think so, Glenn. And I think the reason is, they have so many obstacles, for small businesses. We [Home Depot] were a small business. ...

And we never had the [...] regulations that they have today. And what he is trying to do. I'm talking about Biden now and the Democratic Congress. They want to pass laws that raise taxes that will knock out half the American—or half the small businesses in America.

To listen to the full radio broadcast, click HERE.


War & civil unrest: What could happen if the BANKS COLLAPSE

Glenn doesn’t believe America’s recent banking crisis is the big one he’s been warning about…but that one still may be just around the corner. And the numbers he shares in this clip at least show that the big banks aren’t looking good. So, what’s next? In this clip, Glenn details several scenarios — like war and massive, civil unrest — that could occur if and when the banks collapse. He explains why bank failures could lead to a central bank digital coin and also why you MUST not panic: ‘Panic makes this whole thing happen…


Below is a rush transcript that may contain errors

GLENN: If you're a long-time listener of this program, you know I'm always concerned with the financial crisis. It stems back to 2008, which I thought at the time, back in 2006 and '7, I was telling you, this is a big one. Could cause depression. What I didn't foresee, was that the federal government, what was it that George Bush said? Violate the free market system to save the free market system. Instead, we did not save the free market system. What we did was make the problem bigger. At the time, in 2008, our banks were too big. Too big to fail. We have to break these big banks up.

Well, nobody did that in 2008. In fact, the opposite happened. They got bigger. And now well, what's happening?

They're bailing the bigger banks out. Making the big banks bigger. Credit Suisse just rolled into a big bank. This is what will happen. We will end up with four banks. And then we will end up with the fed.

And by violating the free market, everything went off the rails. Last week, banks borrowed a combined $164.8 billion, from two Federal Reserve backstop facilities.

And so you know, data published by the fed showed 152.85 billion in borrowing from the discount window.

Then, they did a record high from 4.85 billion, the previous week. So they went from 5 billion to 152 billion, in a week.

The prior all-time high was in 2008. And that's when the banks got together, and they borrowed $111 million. That was at the height of the financial crisis.

Remember, we're not in a financial crisis. We had a little bump in the road. Everything is fine. They borrowed 152 million.

So what? 41 billion more, than they did in 2008.

STU: To be fair, with inflation, that number is 94 trillion today.

GLENN: The data also showed, 11.9 billion in borrowing from the new emergency backstop known as the bank term funding program, which was launched last week.

Other credit extensions totaled 142.8 billion dollars.

So you got all that. You got all that happening, in the background of everybody telling you, that it is fine.

I want you to know, if you're a long-time listener, you know that I freak out about these things.

I said last week, I don't think this is it. But it will look a lot like this, when it does come.

And I want to spend just a couple of minutes here, talking to you about what is coming eventually.

I -- I could be wrong, this could be it.

I don't think it is. But I am growing more cautious by seeing what's happening behind the scenes.

Lots of planes. Lots of planes flew in to see Warren Buffett over the weekend, after Warren Buffett had a phone call with Joe Biden about the banking system, all these people, we don't know who they are, we think they went and met with Warren Buffett. We don't know. But what I do know, is in 2008, we were trying to stop a depression. Remember? They said, the entire banking system was about to collapse. And it would have put us in a depression. There's $23 trillion in the US banking system today. And everything is interconnected.

The contagion, meaning one bank falls, and then it's dominoes. It goes across the water. And it will collapse everything, unless you're disconnected.

Hello, Russia. Unless you're disconnected from that banking system. The banks were saved in 2008.

But just that crisis, with them being saved, we had unemployment at nearly 11 percent.

We are now looking at a bigger problem, if it fails.

We're looking first at our big local and regional banks.

The government will have to bail them out. By the way, do not take your money out of those banks.

You will be FDIC-insured. If you're a business, check with the bank. But don't take your money out because that will collapse the system.

They provide 60 percent of all of our commercial loans.

If the small banks collapse, 60 percent of all of our loans, and our businesses collapse.

Be very, very bad.

We are not looking at a depression situation. We are looking at a complete collapse of the West if this happens. You'll have social unrest. But I think you're already. I mean, the government is assuming this up already.

It will happen not only here. But all over the western world.

That will cause a further breakdown of supply chains. If you lose 60 percent of your business funding, for your businesses and your country, what does that mean?

It means, you will have lots of people, without jobs, they're not making things.

Which then what happens?

You have the supply chain, you first need to worry about medicine and food.

Because that will be of a real concern. But if businesses lose their Capitol. They lose their ability to produce products and services. They lose their ability to employ. People lose their jobs.

That would make for worse inflation. Maybe hyperinflation. Because the federal government will bail everybody out. And all of that money. Will be circulating. And fewer goods, if the global economy were to collapse. Fewer goods would be coming in. So the price of those goods would go to hyperinflation. The issue is that the middle class. The working class. The poorer class. They're the ones who will bear the brunt of most of this.

Last time, around from 2007 to 2011, 5.7 million people, had their houses foreclosed, or short sale.

We are looking at a possible and it -- I really, truly believe this will happen before 2025, so you need to mentally prepare. This is a completely different world, if this happens.

And if it happens, it will happen quickly. We are headed towards a currency reset.

If it's a -- if it is a cryptocurrency, if it is a central bank digital coin. CBDC, we're going to get bargaining.

And here's what's going to happen. The government will step in, this is too big for anybody else to handle. We'll handle it with the fed. We're resetting the currency.

It's going to be a digital dollar. You will be in the fed.

Every American has an account now with the fed.

We will give you more than what your dollar is worth right now. For the first, I don't know, eight weeks.

Your dollar will be worth a dollar 25. So get your digital currency now.

And in six weeks, it will be worth a buck. And six weeks after that, it will worth 75 cents. Eventually, it will be worth nothing. And it will force everybody into a digital currency. Which will ultimately control absolutely everything you do, and a lower standard of life.

But a lot of people will be happy. Because there's some enormous. It also would mean that most likely, a war. All of these things are -- are beyond possible right now.

The financial and the reset to a digital currency is not just possible. It is probable.

The war. I don't know. What would you say, Stu? Probable? Or just still possible?

STU: Probable?

GLENN: Yeah, I think so too.

Probable. So you have to get yourself in a different mindset. Please.

I told my wife. And I'll tell you, because I want to tell you, what I would tell my own family.

We have to go shopping tonight. You know, we have our emergency food. But if this happens, you'll have a breakdown worse than COVID.

You won't be getting the money. The money will start to inflate quickly. Prices will spiral out of control.

And when you have -- especially in some areas, when you have a breakdown of trucking. Or supply chains. You will have a hard time getting things.

So I would just recommend, do not hoard, but grab some extra things, and have them ready.

This may not be the time. But I like to sleep at night.

Take care of your family, and do the right things. Do not panic.

Panic makes this whole thing happen. So do not panic.