Top Glenn of 2010!

December 30, 2010

The Glenn Beck Program

Below is a recap from the daily email newsletter special, Top Glenn of 2010! Be sure to sign up for the FREE email newsletter to get more exclusive articles and stories from Glenn!

December 30, 2010

#1 The Miracle on the Mall

The biggest moment of Glenn in 2010, and probably his whole broadcast career, was undoubtedly the “Restoring Honor” Rally on 8/28. From the steps of the Lincoln Memorial in Washington, DC Glenn addressed hundreds of thousands of people (sorry CBS), and gave them an inspirational message about faith, hope, and charity. There were numerous guest stars at the event, including baseball superstar Albert Pujols and Navy SEAL Marcus Luttrell. Sarah Palin delivered a message in support of the troops. And at the end of it all, Glenn unveiled a new Black Robe Regiment, a group of spiritual leaders who would go back to their communities and carry the message of 8/28.

Of course, the event didn’t just end when people left the mall. The MSM couldn’t stop debating everything from the crowd size to the message. Other groups and media figures tried and failed to recapture the same spirit and energy that was there on 8/28, and in the end only the people that were there and took part in the shared experience that day will truly understand what it meant. Read about the weekend HERE.

The Spirit of 8.28

For months, Glenn poured his efforts into a non-profit cause, auctioning off anything he could think of. The goal for Glenn was to give as much as possible to the Special Operations Warrior Foundation on August 28th at the “Restoring Honor” Rally. During a broadcast of The Glenn Beck Program, Glenn recounted a story that he felt embodied the virtue of charity, a recurring theme on his TV and radio programs over the 2010 year.

On his way back from a fundraising dinner, Glenn was reviewing the recent donations he had received, focusing on some of the big donors. Glenn said, “What else did we get? And [a staff member] said, well, we also got a letter in and the person said, I can't make it because I can't afford to come, but I believe in our special forces and I believe in what you're doing. And honor is the key. I wish I could come, but I can't but I wanted to show my support and this is all I could afford. In the envelope was a baggy, and this is not from a child. 8 cents, 8 pennies.”

Glenn was speechless. He tried to wrap his mind around what motivated a person to make a donation of eight pennies. And then he took the pennies and put them in his pocket - after replacing them with eight new ones, of course. Glenn explained, “I remember filling up my gas tank and having to count it out in change. I remember the days that, you know, my kids didn't think that my gas tank held more than $5.27. This to me is the epitome of our lives, our fortunes and our sacred honor.”

For Glenn, those eight pennies epitomized the notion of charity, where an individual gives as much as they can, of their own free will, to a cause in which they believe. Glenn had those pennies in his pocket during his speech on 8/28 at the Lincoln Memorial.

Divine Destiny

The night before 8/28, Glenn assembled a group of loyal listeners for a free event at Washington DC’s Kennedy Center. For hours, people waited in line outside the Kennedy Center in order to get tickets to what Glenn promised would be an uplifting and spiritually enlightening event. And what an event it was! While ticket quantities were limited, Insider Extreme members were able to watch the event live over the Internet. Glenn and David Barton hosted the event, which was highlighted by gospel music, prayer, and testimonials. Chuck Norris even made an appearance on stage!

The abundance of miracles, amazing moments, people & memories makes 8.28, The Miracle on the Mall, the top Glenn moment of 2010. Click HERE to see the complete list.

December 29, 2010

Redefining media: Glenn launches the all new Insider Extreme @ Nokia Theater

This ain’t your momma’s webcam (wait – that sounded kind of creepy. That’s not what was intended – anyway)…Glenn may broadcast everyday from high above Times Square, but for the launch of Insider Extreme he took the show right to the heart of it all. Setting up at the Nokia Theater, Glenn unveiled the future of broadcasting in March of 2010. Glenn took the audience through the history of media, from print to radio to television, and finally to the web. More than any other event in 2010, the launch of Insider Extreme was a revolutionary moment for The Glenn Beck Program. The radio show, once a mostly auditory experience with a single web cam, became a professional six camera shoot. GlennBeck.TV saw the launch of a second show, the 4th Hour, which saw Stu Burguiere and Pat Gray step into a starring role tackling the news and issues that don’t fit into the regular three hours, as well as fan’s favorite topics (Sports!) and games l ike More On Trivia. The stage show was also the first Insider Extreme Special Event, a precursor to live events like Divine Destiny, Election Night, and America’s First Christmas. Check out this recap video of the first 5 months HERE. Look for even more to come in 2011 - get details on some of the new features HERE.

Election Night 2010 & subsequent gloat-fest

No one had ever seen election coverage quite like this. Rather than spending thousands of dollars on fancy technology and “qualified” experts, Glenn broke out chalkboards and stickers. He relied on Stu for expert analysis, while Pat provided some armchair commentary. Brian Sack provided “on the ground” coverage from Times Square, San Francisco, Alaska, and, of course, Jupiter. Among the night’s many highlights was Glenn wandering off camera for twenty minutes, Brian Sack's “wardrobe malfunction”, and general conservative domination of the election results. But there was perhaps no bigger highlight than Alan Grayson losing the election, which Stu, Pat and Glenn pointed out over and over again. And again. And again. The five plus hours of coverage was available exclusively to Insider Extreme members and was the only place that Glenn could be found on election night.

Gloat-fest!

Not quite as fun as Gloat-fest 2004, but fun nonetheless. For one day only, Glenn & Co put all common decency aside and had a good hearty laugh at the expense of the Democrats who were absolutely thrashed in the mid-term elections. All the news wasn't perfect, of course - Barney Frank and Dick Blumenthal won their races. But Alan Grayson didn’t win! He lost. Badly! Watch gloat-fest 2010 HERE.

December 28, 2010

Glenn nominated for Time Person of the Year

Love him or hate him – one thing about Glenn that everyone can agree on is that people love to read about him. Fans want to hear what he has to say and so do the haters. That meant (unfortunately for America) Glenn’s mug was popping up everywhere.

Forbes Cover

Glenn talks a lot about how his business practices are more than a little unconventional, and yet 2010 has been Glenn’s most successful year yet. Forbes took notice, and on April 8th Glenn was the cover story on their magazine. It was an article about the success of his company. But it was really an article about you because Glenn's company literally wouldn't exist if it weren't for you. Your support has been amazing and it is truly appreciated. You work extremely hard for each and every dollar earned - Glenn knows this and that's why it is his mission to ensure that when you spend your money (and even your time) with him, it's an investment you won't regret. Read the full article HERE.

NY Times Magazine

Glenn was all over the place in 2010. Washington DC, Wilmington, OH and various other cities all over the country. But perhaps the most shocking place Glenn showed up was on the cover of New York Times Magazine. The article made somewhat odd comparisons between Glenn and Drew Carey, talked about Glenn’s past and tendency to break out in tears, and - of course - his emergence as a media superstar. Nevertheless, Glenn found the article to be very fair, especially since it came from the bastion of media liberalism. To read the in depth (very long) article and see Glenn’s reaction, click HERE.

All the attention culminated with Glenn being nominated for Time’s Person of the Year – which eventually was awarded to Facebook's Mark Zuckerberg. But the real story isn’t that Glenn received recognition – this is recognition of you. Only a year prior you were ignored by Time in their ‘year in pictures’ – you felt alone – now everyone is hearing you loud and clear.

December 27, 2010

The Blaze

As if Glenn didn't have enough on his plate, he thought it'd be a good idea to pick up the slack for the mainstream media and start a brand new media platform. The latest is The Blaze ( theblaze.com), a site for news and opinion that's dedicated to covering all the big stories, and the stories the MSM are neglecting, spinning or not understanding. As Glenn put it, too many important stories were being overlooked or being distorted by the MSM. Let’s face it, Glenn was no stranger to complaining about the media. So he decided to do something about it. He went out and hired a team of journalists to go out and report the news the way it really happens.

Why call it The Blaze?

Glenn explains that when Moses saw the burning bush – the fire blazed but the bush was not consumed. That fire was God. Stand in the truth and you will not be consumed – everything that isn’t the truth will eventually crumble. Everyone at the Blaze will seek out truth and insight into current events, popular culture, and matters of faith and family. Built over just two months, The Blaze has already become a force to be reckoned with in the arena of online news, and 2010 was only the beginning. 2011 promises to be a big year for The Blaze as it continues to grow and become your #1 source for breaking news. Read Glenn's welcome note HERE.

December 24, 2010

Christmas Message from Glenn

Tomorrow is December 25th, what most think of as the end of the season. But me, I see it as the “middle child” in our trilogy of American holidays. We started back on Thanksgiving, preparing for the renewal that comes at the start of the New Year. The thing is, January 1st can often be a disappointment. Not because your goals or resolutions were unrealistic, but because you didn’t properly prepare yourself spiritually. That’s the process we’re going through. So now that you cleared away the unnecessary distractions in your life on Thanksgiving (both material and otherwise) Christmas is the time to stop and think about what you really have and what it is you are truly grateful for. This Christmas, I say that instead of spending the day saying, “Merry Christmas,” maybe it’s time we started to instead say, “Thank you.”

Christmas is a time for gratitude. Think about just how blessed you are, and not just for your friends and family and whatever may be under the tree. Think bigger. Think deeper. Think of the Christ child and what he grew up to do. What did he give up for you? What are you willing to give up for others? This is a time for service. I’ve said it before and I’ll say it again: Be a shelter for someone else. Help shoulder a burden and lighten someone’s load. You, me…we all deserve a second chance, and that clean slate comes in the form of God’s redemption. It’s the one gift we can all receive whenever we’re ready to accept it. His redemption is always there for you, and not just on December 25th.

Be humble, get down on your knees and help your family rise up by getting down on their knees with you. Christmas is a glorious time of year and perhaps the best time to remember the saying that goes, “All that is not given is lost.” Show your gratitude through deeds and not just words. Reflect on who you really are and what you really have. And through it all, be grateful that you’re here to experience it and know that the path towards redeeming your own life runs through the lives of others who also need help. Then and only then can you be ready for what lies ahead in the New Year. What a year it’s going to be!

And while I’m talking about gratitude, let me say just how thankful I am for you. This year you have been especially gracious with your time and attention. You’ve sent me and my family your warm thoughts and prayers, and for that I will never be able to say thank you enough. But I promise I’ll try.

May God bless you always, and I wish for you and yours a very Merry Christmas.

December 23, 2010

5pm on Fox still steamrolling

It was another great year on TV – the ratings continue to defy all the odds in the cable news world, routinely pulling down primetime numbers in a non-primetime slot. There were so many highlights, chalkboards, radicals and more – here’s 2 moments that stood out:

Glenn takes on Spooky Dude

Glenn had been talking all year about “Spooky Dude” George Soros, the power behind the throne of the Progressive movement. Well, after George Soros made a donation of a million dollars to support Media Matters in their crusade against Fox News, Glenn decided to reveal the puppet master behind the progressive structure that has taken hold over America. No stone was left unturned, as Glenn exposed Soros’ involvement in collapsing multiple governments throughout his lifetime. He tackled Soros’ childhood and education, drawing connections between his youth and his current world view. Glenn also went into depth about Soros’ connections to President Obama, known radical Van Jones, The Center for American Progress, and controversial legislation such as cap and trade. Glenn could have spent weeks and weeks focused solely on Soros, but rather than give all the answers on air, he put up the research needed for viewers to do their own homework.

The Red Phone finally Rings

It was a day that will live in infamy. Something happened that had never happened before. The red phone rang. As far as anyone on Glenn’s staff knew, the only people who had the number for the red phone were White House employees - so when Glenn was in a commercial break and the phone rang everyone went into a panic. The phone had sat quiet for so long on the set that no one could remember quite how to patch the audio into the control room! Glenn answered, and everyone was wondering who had called. Was it Robert Gibbs? John Holdren? President Obama himself? No, it was Tim from Texas. During one of Glenn’s monologues earlier in the show, he picked up the phone and the observant viewer was able to pause his DVR and copy down the number. After everyone calmed down, Glenn thanked him, got his information and made sure to send him something nice from the show. The staff made sure to change the number that night. The phone has not rung since.

December 22, 2010

The blueprint for America

“America’s First Christmas” from where Glenn dubbed ‘the ground zero of the recession’ Wilmington, Ohio. One of the themes all year long for Glenn was his core belief that we should expect miracles. In the midst of a tumultuous year, some incredible miracles still happened – including most recently in Wilmington. The people there are just incredible, and as soon as Glenn heard about them (a story in itself, how he found out) he knew their tale had to be told. Here were people who get it – America the way she was designed to be, people helping each other to get through very difficult times. The town had been thrust into economic hardship after DHL packed up and left town, taking 7,000+ jobs along with them. Glenn brought the show to Wilmington, not to bring them a message – but to bring their message to the rest of America. The values, principles, and all around human goodness in Wilmington and the ripple effect it’s already having on other Americans everywhere makes this a top moment of 2010…and look for more to come in 2011!

December 21, 2010

Health issues

Cancer? Rumsfield disease? Aspartame poisoning? Glenn’s health was a major concern in 2010. It’s hard to imagine someone built as rock solid as Glenn could have health issues (*cough*) but it was a scary year for Glenn and family this year. He announced he could go blind (he hasn’t), occasionally lacks feeling in his hands and feet (he’s still working like crazy), and has been working with a trainer to improve his health (on occasion). While Glenn underwent a series of tests at The Huntsman Cancer Institute in Salt Lake City, UT, there was one disease which could not be ruled out: nanobots!

While most “doctors” would not have reached this diagnosis, a caller was kind enough to call in and alert Glenn about “electronic harassment”. While the caller could not identify the sources of the attacks, referring to the attackers only as “they”, he said he had experienced many of the same symptoms as Glenn and was currently partially blind, hard of hearing, and experiencing similar tingling in his hands and feet. Stu immediately spent the rest of his day researching nanobot attacks, but nothing conclusive has been found at this time. But one thing Glenn can say conclusively – he felt each and every one of your prayers during times of doubt. The love and concern of this audience has left Glenn speechless (and often in tears) and the outpouring of support is something Glenn appreciated more than you can ever know, and will never be forgotten. ( Transcript,The Blaze)

December 20, 2010

The next 2 weeks we are counting down the top Glenn moments of 2010. Today we start with:

Hey HEY, Ho HO, Glenn Beck has gots to GO! 2010 was another big year for boycotting Glenn Beck. He’s seen his share of boycotts since joining Fox News in 2009. Last year the highest profile boycotter was Obama’s Green Jobs Czar Van Jones, who used the group he founded, Color of Change, to lead the charge against Glenn. This year that boycott continued and a few others joined the mix. President Obama’s spiritual advisor Jim Wallis, through his group Sojourners, attempted to boycott Glenn over two words: Social Justice. Also joining in the fight to stop Glenn was the George Soros funded Tides Foundation. This ‘grassroots’ effort caught the eye of another organization: the George Soros funded Media Matters for America. They worked tirelessly and spent millions and millions and millions of dollars trying to get Glenn off the air. They failed. Instead, Glenn grew his radio program to over 400 stations nationwide, continued huge ratings on Fox News, pumped out New York Timesbestselling books, sold out theaters all over the country, had countless speaking engagements – AND actually expanded his media reach by adding 2 brand new platforms. That’s what the youth call a ‘boycott FAIL’.

One of those best-selling books is another top Glenn moment in 2010: The Overton Window

Glenn has spent years conquering the New York Times bestseller list, but the summer of 2010 saw Glenn pen his first political thriller. Noah Gardner, a young PR executive, has little interest in politics until he meets Molly Ross and gradually learns more and more about how America as we know it is about to be lost forever. Glenn blended fact and fiction to address the problems facing our country, andThe Overton Window debuted at #1 on The New York Times bestseller list. Some of the books glowing reviews:

“Let's face it, this book is horrible on all fronts. The plot is completely stupid and gets derailed every three chapters so someone can launch into pages-long political theories that make absolutely no sense.”

“I would never read this book and based on the reviews I read, I think I get the book.”

“The book is garbage. The writing is horrible.”

“This is an excellent read if you are suffering from insomnia, or need to purge your stomach.”

Everyone knew the libs would bash the book no matter what – need proof? To promote the book, Glenn played this fantastic promo which featured a poem by Nobel Prize winning writer Rudyard Kipling. Of course, the progressive dolts from the Huffington Post and others thought the poem was done by Glenn, so they bashed it. Oh, you progressives are sooo culturally superior! Not. Another thing critics get wrong about Glenn is that they often call him a shill for the Republican Party. Obviously they didn’t see his CPAC speech…

CPAC

Back in February, Glenn gave one of the biggest speeches of his career at the 2010 CPAC conference. Glenn was the keynote speaker for the three day conservative conference, and he took the opportunity to deliver a message to Republicans about getting their own house in order and eliminating the threat the Progressives present to America. Was it still morning in America, as Ronald Reagan so famously put it? Yes! It’s just a really bad hangover morning! Glenn accused the GOP of having an addiction to big government and big spending, and that the only way to fix the problem was to admit their problem, enter a “recovery program” and stop being Progressive-lite. Shockingly, most of the media coverage following the speech was fairly positive, or at least ignored. Check out the full video of the speech HERE.

THESE 19 states joined Desantis' alliance against ESG. Here are their 2 main goals.

On Monday, Biden exercised his veto powers for the first time to strike down a bill that would ban states from taking ESG into consideration when investing state pension funds. In his veto message, Biden said:

Retirement plan fiduciaries should be able to consider any factor that maximizes financial returns for retirees across the country. That's not controversial — that's common sense.

At the risk of using the loaded word "gaslit," it continues to be the operative word in describing the policies coming out of the Biden White House. It is painfully obvious that ESG itself inhibits investors from "maximizing financial returns." That was never ESG's goal in the first place. Yet Biden said the opposite.

ESG aims to incentivize investors to make "socially conscious" (a.k.a woke) investments, even if they are at odds with the greatest return on investment. It has enabled state governments and investment firms to use their monopoly over the investment space to force companies to choose between adopting their woke ESG standards and losing critical investment. Isn't there a word for that? Extortion? Or modern-day politics?

ESG enables state governments to force companies to choose between adopting their woke ESG standards and losing critical investment.

That is the sole reason why Republicans brought the bill to his desk in the first place: As Glenn said, "ESG poses a clear and present danger to the American way of life, the soul of our nation and every sector of our economy. ESG was never about ROI. It was always about pushing a leftist agenda.

And Biden knows this.

Why would he want to give up something that enables his political party and corporate elites to control and manipulate the political affiliations of their people? Who would want to give up that power? Biden certainly doesn't.

And he didn't.

Instead, he boldly asserts the exact opposite: that ESG itself "maximizes financial returns," relying on the divided American people to debate the policy into oblivion, while he gets exactly what he wants: the retention of power over the American consumer. Dare I say again that "gaslit" is the operative word here?

If one thing is clear, it is that we cannot rely on the federal government to act in the best interests of the American people. However, in this critical moment, the state governments are stepping up to do what the federal government refuses to: protecting the rights of the American consumer.

In a joint resolution led by Florida Governor Ron Desantis, 19 states have pledged “to protect individuals from the ESG movement" at the state level. This is critical.

We cannot rely on the federal government to act in the best interests of the American people.

Florida leads Alabama, Alaska, Arkansas, Georgia, Idaho, Iowa, Mississippi, Missouri, Montana, Nebraska, New Hampshire, North Dakota, Oklahoma, South Dakota, Tennessee, Utah, West Virginia and Wyoming in signing the historic policy agreement among all 19 states, pledging to ban ESG practices within their jurisdictions.

The anti-ESG alliance calls ESG what it is:

A direct threat to the American economy, individual economic freedom, and our way of life, putting investment decisions in the hands of the woke mob to bypass the ballot box and inject political ideology into investment decisions, corporate governance, and the everyday economy.

This alliance takes aim at two specific practices used by left-leaning states to force companies to adopt ESG-approved practices.

First, the alliance promises to protect "taxpayers from ESG influences across state systems."

While other states are using YOUR taxpayer dollars to fund pro-ESG corporations, these states pledge to BAN this practice to ensure "that only financial factors are considered to maximize the return on investment."

The chief factor behind any investment should be determining whether that investment yields the maximum return on their investment. However, many states are using YOUR taxpayer-funded pension and retirement funds to invest in ESG-approved businesses. This not only forces businesses to consider adopting ESG standards in hopes of obtaining investment. Moreover, states are using YOUR taxpayer dollars to fund them! Would you want your government to invest your hard-earned money for partisan purposes?

The anti-ESG alliance is taking the politics out of investment and putting consumer power back in the hands of the American people. These state governments pledged to make investment decisions based solely on maximizing the return on investment, not in using your taxpayer dollars to fund their political agendas.

Second, the alliance promises to protect "citizens from ESG influences in the financial sector."

ESG standards force businesses to consider the political leanings of their customer base. For example, Discover announced they will begin tracking its customers' gun-related purchases. One of the leaders behind this push is Amalgamated Bank, which boasts on their website that their institution "supports sustainable organizations, progressive causes, and social justice." Amalgamated Bank CEO Priscilla Sims Brown said:

We all have to do our part to stop gun violence and it sometimes starts with illegal purchases of guns and ammunition The new code will allow us to fully comply with our duty to report suspicious activity and illegal gun sales to authorities without blocking or impeding legal gun sales.

This virtue signaling at the cost of your privacy is earning both Discover and Amalgamated ESG brownie points.

There are countless stories of Americans, like YOU, getting locked out of their bank accounts, dropped as clients, tracked and targeted, all because their personal political beliefs don't align with big corporations' ESG goals. Their individual privacy and dignity as a consumer aren't worth the risk of lowering the company's ESG score.

That's why the anti-ESG alliance is pledging to protect the residents in their states from this corrupt ESG exploitation. The alliance promised to ban "so-called social Credit Scores' in banking and lending practices aimed to prevent citizens from obtaining financial services like loans, lines of credit, and bank accounts."

They also promised to stop "financial institutions from discriminating against customers for their religious, political, or social beliefs, such as owning a firearm, securing the border, or increasing our energy independence."

In short, they have targeted the political extortion hidden behind the virtuous ESG veil to protect citizens from being discriminated against based on political affiliation.

It's time to step up.

Biden may have struck down the effort to restore the freedom of the American consumer at the federal level. However, these states are taking it upon themselves to do what they ought: to ban practices that threaten the freedoms and privacy of their citizens.

If your state did not joining the anti-ESG alliance, it's time to demand that they step up and do their job to protect you and the rest of your fellow citizens from corrupt ESG practices. As Glenn said, "The conservative movement is best when it moves in unison." We must act and unison and push our states to protect our economic freedom and our way of life.

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THESE 12 Republican states are smuggling digital currency through THIS sneaky bill

Dem10 | Getty Images

Editor's Note: Arizona House Bill HB2770 has since been shut down! AZ Rep. Rachel Jones tweeted that the AZ Freedom Caucus shut down the bill before it could reach the board. It is encouraging to see states stepping to protect the American people from getting one step closer to a Central Bank Digital Currency. Hopefully, Arizona will be a precedent for the other states!

This gem was buried in a 113 page bill pushed by a lobbyist through one of my clueless colleagues. It passed out of the Commerce Committee, but then @AZFreedomCaucus blocked it from even going on the board. @glennbeck you'll be happy to know we killed it.
— AZ Representative Rachel Jones (@RJ4arizona) March 17, 2023

On today's radio broadcast, Glenn warned about dangerous Central Bank Digital Currency (CBDC) language being smuggled into routine legislation in REPUBLICAN-led states. This is unacceptable, and as Glenn said, we can't let this legislation pass as it now stands.

The legislation being used to smuggle in this CBDC language is the Uniform Commercial Code (UCC), a routine piece of legislation passed on the state level that helps standardize commercial and business transactions. However, a new round of UCCs being deliberated RIGHT NOW amongst a swath of Republican-led states anticipate the use of "electronic money." In a public letter sent to the Republican states currently deliberating this legislation, the Pro-Family Legislative Network said this can only refer to the Central Bank Digital Currency (CBDC) under consideration and testing by the Federal Reserve. Biden's Executive Order 14067 issued in March of 2022 started the push for CBDC, and now these states, knowingly or unknowingly, are laying the legislative groundwork for making CBDC a reality.

There is absolutely no reason why Republican-led states should aid in laying the foundation for CBDC, yet 12 of them are deliberating it RIGHT NOW, with one UCC bill already on one GOP governor's desk! We have to act NOW to stop these UCCs in their tracks and demand our lawmakers amend the bills without the "electronic money" language.

If your state is listed below, contact your representative NOW to put an end to CBDC language.

1. North Dakota

North Dakota House Bill HB1082 passed BOTH chambers and is now sitting on Governor Burgum's desk. Burgun has 3 DAYS to veto this bill once it's placed on his desk—if not, it will pass automatically. If you are a North Dakota resident, it is absolutely CRUCIAL that you contact Governor Burgum's office NOW and demand that he veto this bill and re-introduce it without the "electronic money" language.

2. Arizona

Arizona House Bill HB2770 has been SHUT DOWN! See the above editor's note for more details.

Arizona House Bill HB2770 passed the House majority and minority caucuses. Arizona residents, contact your representative's office NOW so that they amend this bill without the "electronic money" language.

3. Arkansas

Arkansas House Bill HB1588 is in committee, and if passed, will head to the House floor. Though the bill is only in its beginning stages, it's important for Arkansas residents to stop this bill in its tracks and amend it without the "electronic money" language.

4. Missouri

Missouri House Bill HB1165 is also in its beginning stages in committee. That means it's important to contact your representative as soon as possible to amend it without the "electronic money" language.

5. Oklahoma

Oklahoma House Bill HB 2776 passed the House Committee and will go to a chamber vote soon. If passed, it will go to the Senate, then the governor's desk. If you are an Indiana resident, contact your representative's office NOW to amend the bill without the "electronic money" language.

6. Indiana

Indiana Senate Bill SB0486 passed the Senate and is headed to the House. Republicans control Indiana's executive office and BOTH chambers of the legislature. There is no excuse for this bill to pass. If you are an Indiana resident, it's vital you contact your representative NOW and demand they amend this bill without the "electronic money" language.

7. Kentucky

Kentucky Senate Bill SB64 passed the Senate and is now being deliberated in the House. If you live in Kentucky, contact your representative's office to amend the bill without the "electronic money" language.

8. Montana

Montana Senate Bill SB370 passed the Senate and was sent to the House on March 3rd. If you are a Montana resident, contact your representative's office NOW so that the bill doesn't without changing the "electronic money" language.

9. Nebraska

Nebraska's Legislative Bill LB94 passed committee and the first floor vote. As Nebraska only has one legislative chamber, this bill is dangerously close to passing the legislature and being sent to the governor's desk. If you are a Nebraska resident, contact your representative's office NOW and demand they amend the bill without the "electronic money" language.

10. New Hampshire

New Hampshire House Bill HB584 is currently in House committee deliberations and has not yet reached the House floor. If you are a New Hampshire resident, contact your representative's office NOW to amend the bill without the "electronic money" language.

11. Tennessee

Tennessee House Bill HB0640 didn't successfully pass the House. However, it was deferred to a Senate committee and has now taken the form of Senate Bill SB0479, which is now in committee. This bill is still alive, and it's important for you, Tennessee residents, to stop it before it reaches the floor! Contact your representative to amend the bill without the "electronic money" language.

12. Texas

Texas House Bill HB5011 was filed and is ready to be taken up by committee. Fellow Texans, let's not let this bill progress any further! Contact your representative and demand they amend the bill without the "electronic money" language.

6 things you NEED to know about the Silicon Valley Bank collapse

NurPhoto / Contributor | Getty Images

Silicon Valley Bank's collapse is sparking traumatic memories of the 2008 financial crash. Should we be worried SVB is signaling a similar economic catastrophe, or is everyone overreacting to the media's hype? Glenn told his listeners to be "healthily terrified." This event is sure to have ripple effects throughout the economy, but the more you are informed about it, the more you can prepare. Here are 6 things you need to know about Silicon Valley Bank's crash—explained in simple words.

1. The short answer to what happened: SVB didn't have enough money to pay its depositors.

Remember the scene from It's a Wonderful Life when all of the residents make a run on George Bailey's bank demanding their money? Fortunately for them, their money was in the altruistic hands of George Bailey, who used his honeymoon savings to give the depositors the money they demanded.

Silicon Valley Bank's depositors weren't so lucky.

In short, the depositors made a run on Silicon Valley Bank, demanding the withdrawal of their money. But SVB simply didn't have the liquid money available to give their depositors, causing regulators to shut down the bank shortly afterward.

2. It all started with COVID...

Why didn't SVB have enough money for its depositors? To explain this, we have to go back to the pandemic era.

The pandemic saw a rapid decrease in spending and a massive increase in bank deposits. Due to the uncertainty of the future and lockdowns limiting ways to spend money on recreational activities, like restaurants, bars, and other outlets, many Americans stocked up money in their accounts. In fact, SVB's deposits doubled in 2021 alone, bringing in more money than they could lend out to their clients.

To make a return on their available cash, SVB wanted to invest it, as many banks do. Since they had reached their lending limit, they decided to invest it in U.S. Treasury Securities, which are the government's means of funding itself without using taxation (in a nutshell). These are considered "ultra-safe" investments because they are backed by the "full faith and credit of the federal government."

Unlike other forms of investments, investing in Treasuries means the government will do everything within its legal power to pay back the money used to fund itself. In other words, it is typically very safe... so what happened?

3. Then came the magic cocktail—record-high inflation and rising interest rates...

Interest rates ruined the typically "ultra-safe" investment. Due to 40-year record-high inflation, the Fed lifted rates eight times by a total of 4.25 percentage points in 2022, raising interest rates from 0.25 percent to 4.375 percent. This means the value of U.S. Treasuries investments plummeted rapidly. SVB reported that it lost $1.8 billion due to the decreased value of its Treasuries investments after a year of rising interest rates.

This raises the following question: why didn't SVB just weather the storm and wait for interest rates to decrease? There are two issues with this. The first is that, with so many of their assets held up in Treasuries investments, SVB still wouldn't have enough liquid assets to give their depositors during the bank run.

The second issue is that Treasuries investments have a ten-year limit. In 2021 during the Trump administration, interest rates were at an all-time low of 0.125 percent.

The record-fast increase of interest rates in 2022 caused very little chance for rates to go back down to their historic 2021 lows within ten years for banks to make their money back on their investments.

To avoid this, SVB planned to sell their investments at a loss and re-purchase Treasuries investments at the decreased value, giving them an extra ten years to bet on decreased interest rates in the future.

But people caught on to SVB's plan and didn't want to ride with the risk.

4. Account holders withdrew their money... FAST.

As aforementioned, SVP lost $1.8 billion when it sold its depleted Treasuries investments. While they were betting on being able to re-purchase the devalued securities, hoping that they would go up in value in the future with lowered interest rates, investors were worried about the risk.

Once they made the announcement of their $1.8 billion loss, their stocks began to drop, and venture capitalists warned the companies they invest in to pull out of SVB. This had a snowball effect, leading to a "bank run" of depositors demanding to withdraw their money from their SVB accounts.

This led to the perfect storm: SVB's investment losses coupled with the influx of withdrawals were so immense that regulators had to step in and shut the bank down to protect depositors. The government currently "running" SVB, for all practical purposes, is the Federal Deposit Insurance Corporation (FDIC). The FDIC closed SVB on Friday and reopened the bank on Monday, March 13th as the Deposit Insurance Bank of Santa Clara.

5. Some people may lose their money.

Banks insure accounts with $250,000 or less with FDIC insurance. That means, in cases of bank failure, exactly like this one, the FDIC covers all accounts less than $250,000. The FDIC said SVB customers who had less than $250,000 in their accounts will have access to all of their money when the bank reopens. Since it reopened this week, they should have access to their funds.

However, many of SVB's depositors had more than $250,000 in their accounts—it is Silicon Valley after all. Therefore, their accounts were not covered by FDIC insurance. Will they get their money back? There is a chance that they will not.

It is unclear how much SVB currently has to cover uninsured deposits. It is likely not enough. The FDIC has issued a "Receiver's Certificate" to the uninsured account holders with the amount in their account that is not covered by FDIC insurance.

The FDIC said it will pay some of the uninsured deposits by next week by liquidating any additional assets held by SVB. However, if the liquidated assets are not enough, many of SVB's uninsured account holders could lose their money for good.

6. Is this 2008 all over again?

SVB's collapse was the largest bank failure since 2008, when Washington Mutual failed with $307 billion in assets. Its failure, along with the collapse of the Lehman Brother's investment bank, triggered the worst financial crisis since the Great Depression. Are we in danger of repeating 2008?

Some argue that we are not in danger of another economic catastrophe, simply because SVB holds less than 1 percent of the nation's assets. However, as Glenn warns, there is a danger of banks repeating the same mistakes as SVP.

SVP wasn't the only bank to use its surplus deposits to invest in U.S. Treasuries, which means that other banks are wrestling with the depleted value of their securities investments due to rising interest rates.

Bank of America, for example, lost $109 billion in their securities investments due to rising interest rates, the most among its peers—and Bank of America is no small fish in the ocean of assets.

Other major banks recorded other massive losses in their securities investments due to rising interest rates. JP Morgan Chase lost $36 billion, Wells Fargo lost $41 billion, Citigroup lost $25 billion, and Goldman Sachs lost $1 billion. If the little banks collapse, will they get the same effort and attention from the federal government as the "big guys?"

The critic may argue that these are still small values given the incredibly large amount of assets held in banks nationwide. However, this is missing the point. Major banks have majorly invested in securities since the pandemic-era skyrocketing rate of deposits. Now those investments are depleted in value.

They can either sell those investments at a loss, or they can wait and hope that they will recover over time. However, if those investments are no longer liquid, what happens when their depositors come knocking? Will they have enough liquid assets to cover a massive bank run? These are the lingering questions that our banks need to address.

As Glenn says, this will impact you—it is only a matter of time. What will you do to prepare?

Glenn's Show Prep