GLENN: I told you yesterday I'm going to make not a prediction, I'm going to make a promise. I said where are all of the conservatives, saying that we can't give socialism, we can't give a socialized program to bail these big companies out. Where are they? I said here is my promise, not a prediction. Since nobody on the conservative side is standing up saying, hey, we can't bail these companies out, there will be no defense against the argument, "Well, you were for it for the big companies." And I said, I'll make you a promise that's what's coming. Well, in today's USA Today, which means Harry Reid said this sometime yesterday, as maybe I was making this promise on the air. Senate majority leader Harry Reid promised consideration of a second stimulus package. The first one's not even out yet and it's not even going to -- it's not going to work. But anyway, he's promising a second one. Extending unemployment benefits, funding construction, providing other kinds of aid. He criticized the White House on Monday for being willing to bail out large investment banks while doing little for homeowners facing foreclosure. Fastest prediction to come true, Stu?
Then we have -- I'm going to make another promise, not a prediction. Last hour is going to be taken out of context by the blogs. It will be typed directly into Keith Olbermann's TelePrompTer and it will be used as a case on just how racist and how hateful talk radio really is. And it will be very fascinating to see how they do it and how they take -- they will take the comedy parts and take it out of context and then report it as deadly serious, yet again. But you at least will know the truth, especially if you get the newsletter today. It's absolutely free. Grab it online at GlennBeck.com. You'll be able to hear the whole monologue on Barack Obama's preacher. Then I want to warn you on something on the economy and then I'm going to move on.
I told you six months ago, I said, the world, you will wake up on a Monday and by Friday the whole world will look different. I don't believe this is the week. It could be the week. I don't believe this is the week but we are on the precipice and now you have more and more economists. You have people who will actually utter the word "Depression," not "Recession." They will say, "Oh, yeah, we're in a recession." Now they are starting to talk about Depression. When I was in crazy town six months ago or a year ago when I talked to you about this and I said to you at the time prepare, get out of debt, food storage, do the things that you need to do. Please do those things because the world -- I truly believe the world is going to change and hopefully, hopefully they are able to pull this one out of the fire but I don't -- I can't imagine how it's going to happen because it's not really about liquidity. It's about so much more. But leave that alone.
Here's the thing I want you to watch for. I want you to watch for a sudden fall in the price of oil. If you see oil spike downward to about $70 a barrel, $80 a barrel, if it goes from $110 to $80 a barrel, look out. It's counterintuitive but you have to remember that the price of oil is based on futures and so what could possibly happen, a bad sign. If it drifts back down slowly over a period of time, that's good. But if it suddenly drops down, what that means is that the conventional wisdom for the people who buy oil futures, these are the big -- you know, there's a lot of money. These people who are buying oil futures, what they're saying is the economy around the world is going to slow down so much that people won't be able to drive or fly as much as they have had to. They won't be able to afford the oil or the gasoline or the diesel. So demand will go way, way down for oil. That's what they will be betting on. Right now they're betting on things are just going to continue to grow and consumption's going to continue to grow and the price -- and the dollar is going to continue to fall. If oil suddenly spikes down, watch out. But please, I'm begging you, and I -- you know, I'm probably wrong but please, I'm begging you, please prepare your family. Please go out and do some food storage. Please go out and just batten down the hatches at your own home just because it probably won't happen, but goodness. There are so many warning signs out there that now the average Joe can see. And you know what? I talked to the -- remember the lady we had on yesterday? She was -- I'm trying to remember her name. She was -- yeah, Sherry Cooper. She used to work -- she was one of the chief economists at the Fed. She was on again last night. I had the guy on from Barron's, one of the main guy from Barron's last night and I asked him. I said, what is the average person doing? He said, well, the average person's got to change his stock portfolio, and I said, stop. The average person. The person that is struggling to make ends meet right now, the one that is looking at the gas pump and saying, oh, my gosh, the gas, what do I do about the gas, what does that person do? You know what his quote was? I mean, if this doesn't make the hair on the back of your neck stand up, nothing will. He said, well, that person it's too late. I'm telling you it's not too late but it's becoming too late soon. Go. Do food storage, please. Batten down the hatches. As much as you possibly can, batten down the hatches. We are facing things that this country -- you know what I actually had an economist tell me yesterday? That they think this could be worse than the 1930s. I said to them, how does it get worse than the -- how is that even possible? You think I'm in crazy town? What does that even mean? But we are in uncharted territory. The Fed is studying the Great Depression. They are looking at it. Bernanke is a guy who has studied it before and they are trying to pull out all of the stops. I read a report today that says this thing is so big and so out of control, the Fed's not going to be able to control it. It's going to land in the lap of congress and the President. Well, now it will be fixed. When it gets to that point, gang, it's socialism. When it gets to that point, it is the other thing I've been predicting, the new New Deal. All right, enough on that. Watch oil and please prepare.