GLENN: Just incredible. And I don't know if you saw this in the New York Times. God bless you for not reading the New York Times. It was out yesterday in the New York Times. The headline was "Duck and Cover." It's the new survivalism. "The traditional face of survivalism is that of a shaggy loner in camouflage holed up in the wilderness and surrounded by cases of canned good goods and ammunition. But that's not what comes to mind with Barton M. Biggs. He is the formal chief strategist at Morgan Stanley. He sounds like a nut already, doesn't he? Yet in Mr. Biggs's new book, "Wealth, War and Wisdom," he says people should "assume the possibility of a breakdown of the civilized infrastructure. I'm sorry. The former chief strategist for Morgan Stanley said, what again?
Assume the possibility of a breakdown of the civilized infrastructure. Your safe haven must be self-sufficient and capable of growing some kind of food. Well, this guy's crazy. It should be well-stocked with seed, fertilizer, canned food, wine, medicine, clothes, etc. Think Swiss Family Robinson. Even in America and Europe there could be moments of riot and rebellion when law and order temporarily completely breaks down. The article by Alex Williams says survivalism is not just for survivalists anymore. Faced with a confluence of diverse threats — a tanking economy, a housing crisis, looming environmental disasters, and a sharp spike in oil prices — people who do not consider themselves extremists are starting to discuss doomsday measures once associated with the social fringes.
Motivated by a belief that the credit crunch and a bursting housing bubble might spark widespread economic chaos, he began to take measures to prepare for the unknown over the last few years: Buying old silver coins to use as currency; buying G.P.S. units, a satellite telephone and a hydroponic kit; and building a simple cabin in a remote West Texas desert. If all of the planets line up and things do get bad, those who have not been prepared will be trapped in a city with thousands of others needing food and propane and everything else. Esteemed economists debate whether the credit crisis could result in a complete meltdown of the financial system. Former vice president of the United States informs that mass flooding could result in disease and starvation. Perhaps -- the former vice president of the United States informs us that global warming could result in mass flooding, disease and starvation. You heard all that, right?
STU: I certainly have.
GLENN: Or perhaps even a new ice age.
STU: I'm sorry. You said --
GLENN: Sorry. I missed that part of Inconvenient Truth. No, to say that Al Gore is saying it's going to be either really, really hot or really, really cold.
STU: Or really, really the same. It's going to be one of the three.
GLENN: Or go back between really, really hot or really, really cold. They are not sure. It will be some sort. One thing about the temperature, too, is it's constantly changing but it's going down right now.
STU: And you can read the temperature anywhere in the world and you'll find there is a temperature that exists there.
GLENN: I have to tell you because in the East the sun is still rising and I have to tell you that we have projected the temperature from 5:00 this morning to this time right now and there has been dramatic change upward in the temperature.
STU: In one day?
GLENN: In one day.
STU: I bet people --
GLENN: No, no, no.
STU: People are waking up and thinking --
GLENN: No, they are in denial. And we have projected that if this continues to rise like it is right now in New York City because we've already seen an 8 degree temperature change and it's in the winter. So if this continues to happen over the next two weeks, we believe that it will be over 1,000 degrees Fahrenheit here in New York City.
STU: And this is the intraday climactic shift you talk about.
GLENN: Yes, I talk about it every day. Now, later on this afternoon I may be talking about how we could all freeze to death.
STU: We're headed towards an ice age.
GLENN: Ice age. Because I don't know if you've noticed this. Around 7:00 it starts to cool a little bit.
STU: You know what's weird. It's because it all seems to correspond with that giant ball of fire in the sky.
GLENN: No, please, the sun has nothing to do with it. It is man.
STU: Just because something --
GLENN: It is man. It is not the sun. It is man.
STU: Just because the sun can --
GLENN: Man is the one that's going around the Earth. Not the one.
STU: I understand that but what I'm saying is that just because the sun --
STU: -- can change the temperature here definitely has nothing to do with the .7 degrees over the last few years. Nothing.
GLENN: Stop it right now. So here's my favorite part. Here you have the chief global strategist for Morgan Stanley in a new book saying, hey, listen, things could break down and the whole country could look like Katrina because of this global economic thing that's happening. So you should just be prepared. Then they go into -- and Al Gore says it could get really, really hot or really, really cold. And then they go into, hey, it's not just for crazy people.
You got the guy who was the chief global strategist, finances for Morgan Stanley. Hey, it's not just crazy people like him. It's also -- I love this -- Joyce Jimerson of Bellingham, Washington. She was a coordinator for a recycling composting program affiliated with Washington State University in Bellingham, Washington. She's made her yard into, quote, an edible garden. So it's not just crazy people like the guy from Morgan Stanley. It's also -- what was her name? Joyce who's got the edible lawn. Now, Joyce, I just want to say -- because she's worried about global climate change and how you are going to need food. Let me just ask you this in Bellingham, Washington. Do you have a fence around your yard? Do you own a gun? Because if you've turned your whole front yard into a garden and there's no food, I don't think people are going to obey the keep you have the garden sign that you've put there in your front yard. I'm just saying. And I'm wondering how you are going to defend -- just assuming that somebody who used to run the composting program for a university is a liberal. I'm also wondering how you are going to defend yourself when you say, I was just prepared. And they say, no, you are hoarding all the food. It's evil people like you that just don't want to share all your food. How you are going to defend yourself. I'm just wondering.