RADIOJune 04, 2025

Crisis LOOMS: Glenn Beck breaks down Jamie Dimon’s urgent plea to prepare

JPMorgan Chase CEO Jamie Dimon recently warned that crisis is coming soon, but this isn’t a new revelation. He’s just saying what elites have known for a while out loud. Glenn Beck breaks down Dimon’s warning and explains what Americans must do to prepare.

Transcript

Below is a rush transcript that may contain errors

GLENN: So let me -- let me start -- let me start with not what's trending, but let's talk about what really matters. What should be keeping you up at night. But maybe isn't. Because it's not on your feed, or at least not yet. As anti-Semitism is spreading its civilizational poison all over America, as Tom Homan yesterday warned of another 9/11-style attack on the homeland, as the Democrats strangely keep fighting for the rights of those who are literally spreading hate, violence, and death in our colleges and our streets. As Congress remains fast asleep, yet you're wide awake every night. Kept awake by your growing debt, and shrinking dollar. Let me share the latest from Jamie Dimon.

That nobody I have seen has shared with you yet.

It was a talk he gave at the Reagan National defense forum in California. Jamie Dimon was a CEO of JPMorgan Chase, one of the largest and most influential financial institutions on earth. He delivered a warning, and it wasn't about cutting interest rates. Not about inflammation curves, or crypto adoption or anything else.

I want you to hear what he said, about Bitcoin. Do we have that audio, please?

VOICE: I was saying we shouldn't be stockpiling Bitcoin. We should be stockpiling guns, tanks, planes, drones. You know, rare earths. We know we need to do it. It's not a mystery.

VOICE: Did you say stockpiling of Bitcoin?

VOICE: I said we shouldn't be stockpiling. Stockpiling. Bullets.

VOICE: Oh, we shouldn't. Okay.

VOICE: You have the military guys tell you, if there's a war in the South China Sea, we have missiles for seven days. Come on. We can't say that with a straight face and think that's okay.

GLENN: Did you notice what the reporter did? She was trying to do a gotcha. You're saying we should stock Bitcoin? Okay. All right. She missed the whole point. He's referencing the Pentagon data saying, we only have enough precision-guided missiles for seven days of sustained conflict. I don't know.

Does that sound like a problem for anybody?

Let that settle in, a week!

That's what stands between deterrence and desperation, if war would break out in the South China Sea. Seven days.

And remember when I shared with you yesterday, the drone bombing in Ukraine, or by Ukraine, that wiped out an estimated one-third of the Russian nuclear -- nuclear strategic air command.

One-third of Russia's nuclear strategic air command?

Ukraine! They did that. That's a country that's almost in third world status, no real military left. and certainly no missiles. They did it with drones.

Imagine what could be done here! With -- with open borders. And enemies like China and Iran.

Enemies all over the world. Now, I want you to understand, Jamie Dimon is not a guy that usually deals in hyperbole. He's not a man who chases the headlines. His words. And he knows this. Moves global markets. The good news on this one, nobody will pay attention to him. Because nobody is interested in telling you the truth on how dire the situation actually is. You know, his silence in most cases is his statement.

That's the way they work at those levels. So when he breaks that silence, and he does it this bluntly, you better believe it's calculated.

Now, most of his piers are still peddling ESG slide shows and block chain buzzwords. But Dimon stepped into the national stage and said, we need to get real. And we need to get ready.

And here's the thing: He's not talking to hedge funds or Pentagon press. He knows. Look at her response. Oh.

He's talking directly to you. You.

This isn't about rare earth or tanks. This is about a new era of scarcity. That's what you have to grasp from what Jamie Dimon was actually talking about.

He is saying there is a reckoning with reality, that most Americans and CEOs and everybody else are not prepared for.

Play cut two of this, please.

VOICE: You are going to see a crack in the bond market. Okay?

It is going to happen. And I tell this to my regulars in this room. I'm telling you, it is going to happen, and you're going to panic.

I'm not going to panic. We will be fine. We will probably make more money. And my friends will tell me -- we like crises because it's good for JP Morgan Chase. Not really. I didn't know it would be a crisis in six months or six years. And I'm hoping that we change both the trajectory of the debt and the ability to embark on markets. Yeah. It's coming.

This is part of all of the stuff we've talked about.

And unfortunately, maybe we need that to wake us up.

That's the unfortunate thing.

GLENN: Cut three, please.

VOICE: And all that, do you think people of rural cities. Do you think people of inner cities thought they were getting anything.

Do you think those people think the American government is fair and competent. And is in their best interest. Their schools don't work.

They're not getting the skills they need, just now.

So I have to acknowledge, I also have -- because, you know, Republicans generally don't like red tape. You know, I understand the devastation of it. Most Democrats they love it. They want more of it. They want to make it so confusing, you can't even make the rules. You get punished and fined everywhere. Celebrate our virtues. Freedom of speech. Freedom of religion. Freedom of enterprise.

Equal opportunity.

Family. God. Country. You know, and acknowledge the flaws that we have which are extraordinary. We did the black population for years. Don't denigrate the great things of this country. Those are two different things. Any time, you put a team on the field. The team is torn apart, the team will lose. That's Caiaphas right now. We're not a team. We don't collaborate. We don't talk much with each other.

We've got to fix our permitting, our regulations, our immigration, our taxation.

Which, I think they're on their way.

We have to fix our inner city schools. Our health care system.

GLENN: Okay. So let's unpack this for a second. His dismissal of Bitcoin, first of all, not a continuation of his long-standing skepticism.

If you listen to all of the stuff he's saying.

This is something much more urgent.

In a time of instability, Bitcoin becomes an abstraction.

It has no mass. It has no utility.

Now, I'm a Bitcoin guy. I believe in Bitcoin. But Bitcoin depends on electricity and the internet and a collective belief. Bullets. They don't care if you believe in bullets or not. Fuel? It doesn't matter if you believe in fuel or not. Food? These are not ideas. These are lifelines. Did you hear what he was saying? Bullets, fuel, food: Lifelines.

Now, don't get me wrong. He's not all of a sudden a patriotic prepper-in-chief. But what he is doing is giving voice to something that the elites all know, but usually whisper behind closed doors, and he's saying it out loud now.

The veneer, we learned this under 9/11. Remember how on 9/11, 9/12, 9/13, we realized, oh, my gosh, this thing could collapse in a heartbeat.

We all knew the veneer of civilization, the veneer of order is so thin. Even the largest company in the world is dangerously exposed.

The danger -- the largest economy in the world, ours, is exposed! I want you to look at the numbers here.

Eighty percent of our rare earth minerals come from China. Basically, everything from missile guidance to smart phones. Eighty percent of it comes from China. What happens if they want to shove that off? What happens if we get to go to war? What happens if we just don't have the fuel to run across the ocean? What happens to us?

Our military. Recruitment shortfalls time and time again. Outdated infrastructure.

I mean, how many trillions of dollars have we spent in the last 20 years on infrastructure projects?

Look at our airports! Look at our munitions stockpile!

It wouldn't last a long weekend, if trouble really happened. And cyber attacks. One single cyber attack could shut down the grid for weeks.

And what happens? See, here's the thing that you have to hear from JP Morgan. He's not saying, prepare out of paranoia. He's saying it out of pattern recognition. Pattern recognition. You need to get good at pattern recognition.

The world is no longer stable. And it hasn't been. I don't know if you've noticed this. For a while!

But most people. All your neighbors are too distracted to notice. Cakes and circuses. Dimon went on to blast the regulatory obsession, you know, in order to make life difficult.

Did you hear what he just said? Democrats, they love it. They want more of it. And they want to make it more confusing. So you can't even meet the rules. You'll get punished and fined afterward.

The last four years, we have lived on the assumption that convenience was safety. That digital meant durable. That markets -- that global markets meant good. But history doesn't move in a trait line. It turns.

It turns around sometimes. It bends. It recoils. And in that recoil, the essentials of survival never change. Shelter, energy, food, protection, human trust in one another.

That's the most important. We don't have it.

What his message was, was very clear. He cuts against every modern comfort we've built our life around. Here's a giant bank saying, you've built your life, we've built our life around things that are not real. He's not saying abandon innovation. He's saying, don't bet your future on intangibles.

So his solution is the same solution we've been talking about here on this program forever.

Celebrate our virtues. Celebrate our freedoms, our freedom of speech, our freedom of religion, our freedom of enterprise.

Equal opportunity. Family, God, and country.

Those are his words. And acknowledge the flaws of the country.

But don't denigrate the great things that this country has done.

They are two very different things!

And start talking to one another. So here's what I want you to consider.

What would you do if the lights went out?

Not for a storm. But because a server farm in Taiwan was hit.

What would you trade your Bitcoin for at the grocery store shelves, if they were empty?

What does wealth mean in a world where your phone does not work. And your bank is a blinking error message. What does that wealth mean?

This isn't about fear-mongering. This is about grow up, America. Maturity. We're long overdue for a serious conversation about self-reliance in this country.

Not the kind you buy in bulk from a website. The kind you live, through community, preparation, clarity, intelligence, critical thinking.

Yes. Have food and water, not because you're afraid. But because you're a responsible human being. Know your neighbors. Not because you're social.

But because you need each other if systems fail.

Understand your rights, because you -- not because you just want to use them. But because you know some day you may have to use them.

I want you to know, this whole message, from him, I believe, and definitely from me. Is not about war. It's not warning you about war or famine or anything else. It's warning you, wake up! Wake up!

Ignore what's happening today, at your own peril. We've spent far too many days and years now, worshiping the screen and the stock ticker and the illusion that problems can be innovated away. But history has a really brutal way of humbling people, and civilizations that trade resilience for comfort. This is a moment that demands discernment.

Are you living in a way that will actually allow I to survive real shocks, or are you like so many people? Including me on many things. Chained to the conveniences that will vanish overnight, if the world sneezes.

Jamie Dimon said it very clearly. Let me just say it again. Bullets over Bitcoin. Tangible over theoretical. Preparation over posturing. The man who runs the most powerful bank in the world, is not hoarding hashtags. He's stockpiling reality.

Shouldn't we all be doing that!

Could passengers have SAVED Iryna Zarutska?

Surveillance footage of the murder of Ukrainian refugee Iryna Zarutska in Charlotte, NC, reveals that the other passengers on the train took a long time to help her. Glenn, Stu, and Jason debate whether they were right or wrong to do so.

Transcript

Below is a rush transcript that may contain errors

GLENN: You know, I'm -- I'm torn on how I feel about the people on the train.

Because my first instinct is, they did nothing! They did nothing! Then my -- well, sit down and, you know -- you know, you're going to be judged. So be careful on judging others.

What would I have done? What would I want my wife to do in that situation?

STU: Yeah. Are those two different questions, by the way.

GLENN: Yeah, they are.

STU: I think they go far apart from each other. What would I want myself to do. I mean, it's tough to put yourself in a situation. It's very easy to watch a video on the internet and talk about your heroism. Everybody can do that very easily on Twitter. And everybody is.

You know, when you're in a vehicle that doesn't have an exit with a guy who just murdered somebody in front of you, and has a dripping blood off of a knife that's standing 10 feet away from you, 15 feet away from you.

There's probably a different standard there, that we should all kind of consider. And maybe give a little grace to what I saw at least was a woman, sitting across the -- the -- the aisle.

I think there is a difference there. But when you talk about that question. Those two questions are definitive.

You know, I know what I would want myself to do. I would hope I would act in a way that didn't completely embarrass myself afterward.

But I also think, when I'm thinking of my wife. My advice to my wife would not be to jump into the middle of that situation at all costs. She might do that anyway. She actually is a heck of a lot stronger than I am.

But she might do it anyway.

GLENN: How pathetic, but how true.

STU: Yes. But that would not be my advice to her.

GLENN: Uh-huh.

STU: Now, maybe once the guy has certainly -- is out of the area. And you don't think the moment you step into that situation. He will turn around and kill you too. Then, of course, obviously. Anything you can do to step in.

Not that there was much anyone on the train could do.

I mean, I don't think there was an outcome change, no matter what anyone on that train did.

Unfortunately.

But would I want her to step in?

Of course. If she felt she was safe, yes.

Think about, you said, your wife. Think about your daughter. Your daughter is on that train, just watching someone else getting murdered like that. Would you advise your daughter to jump into a situation like that?

That girl sitting across the aisle was somebody's daughter. I don't know, man.

JASON: I would. You know, as a dad, would I advise.

Hmm. No.

As a human being, would I hope that my daughter or my wife or that I would get up and at least comfort that woman while she's dying on the floor of a train?

Yeah.

I would hope that my daughter, my son, that I would -- and, you know, I have more confidence in my son or daughter or my wife doing something courageous more than I would.

But, you know, I think I have a more realistic picture of myself than anybody else.

And I'm not sure that -- I'm not sure what I would do in that situation. I know what I would hope I would do. But I also know what I fear I would do. But I would have hoped that I would have gotten up and at least tried to help her. You know, help her up off the floor. At least be there with her, as she's seeing her life, you know, spill out in under a minute.

And that's it other thing we have to keep in mind. This all happened so rapidly.

A minute is -- will seem like a very long period of time in that situation. But it's a very short period of time in real life.

STU: Yeah. You watch the video, Glenn. You know, I don't need the video to -- to change my -- my position on this.

But at his seem like there was a -- someone who did get there, eventually, to help, right? I saw someone seemingly trying to put pressure on her neck.

GLENN: Yeah. And tried to give her CPR.

STU: You know, no hope at that point. How long of a time period would you say that was?

Do you know off the top of your head?

GLENN: I don't know. I don't know. I know that we watched the video that I saw. I haven't seen past 30 seconds after she --

STU: Yeah.

GLENN: -- is down. And, you know, for 30 seconds nothing is happening. You know, that is -- that is not a very long period of time.

STU: Right.

GLENN: In reality.

STU: And especially, I saw the pace he was walking. He certainly can't be -- you know, he may have left the actual train car by 30 seconds to a minute. But he wasn't that far away. Like he was still in visual.

He could still turn around and look and see what's going on at that point. So certainly still a threat is my point. He has not, like, left the area. This is not that type of situation.

You know, I -- look, as you point out, I think if I could be super duper sexist for a moment here, sort of my dividing line might just be men and women.

You know, I don't know if it's that a -- you're not supposed to say that, I suppose these days. But, like, there is a difference there. If I'm a man, you know, I would be -- I would want my son to jump in on that, I suppose. I don't know if he could do anything about it. But you would expect at least a grown man to be able to go in there and do something about it. A woman, you know, I don't know.

Maybe I'm -- I hope --

GLENN: Here's the thing I -- here's the thing that I -- that causes me to say, no. You should have jumped in.

And that is, you know, you've already killed one person on the train. So you've proven that you're a killer. And anybody who would have screamed and got up and was with her, she's dying. She's dying. Get him. Get him.

Then the whole train is responsible for stopping that guy. You know. And if you don't stop him, after he's killed one person, if you're not all as members of that train, if you're not stopping him, you know, the person at the side of that girl would be the least likely to be killed. It would be the ones that are standing you up and trying to stop him from getting back to your daughter or your wife or you.

JASON: There was a -- speaking of men and women and their roles in this. There was a video circling social media yesterday. In Sweden. There was a group of officials up on a stage. And one of the main. I think it was health official woman collapses on stage. Completely passes out.

All the men kind of look away. Or I don't know if they're looking away. Or pretending that they didn't know what was going on. There was another woman standing directly behind the woman passed out.

Immediately springs into action. Jumps on top. Grabs her pant leg. Grabs her shoulder. Spins her over and starts providing care.

What did she have that the other guys did not? Or women?

She was a sheepdog. There is a -- this is my issue. And I completely agree with Stu. I completely agree with you. There's some people that do not respond this way. My issue is the proportion of sheepdogs versus people that don't really know how to act. That is diminishing in western society. And American society.

We see it all the time in these critical actions. I mean, circumstances.

There are men and women, and it's actually a meme. That fantasize about hoards of people coming to attack their home and family. And they sit there and say, I've got it. You guys go. I'm staying behind, while I smoke my cigarette and wait for the hoards to come, because I will sacrifice myself. There are men and women that fantasize of block my highway. Go ahead. Block my highway. I'm going to do something about it. They fantasize about someone holding up -- not a liquor store. A convenience store or something. Because they will step in and do something. My issue now is that proportion of sheepdogs in society is disappearing. Just on statistical fact, there should be one within that train car, and there were none.

STU: Yeah. I mean --

JASON: They did not respond.

STU: We see what happens when they do, with Daniel Penny. Our society tries to vilify them and crush their existence. Now, there weren't that many people on that train. Right?

At least on that car. At least it's limited. I only saw three or four people there, there may have been more. I agree with you, though. Like, you see what happens when we actually do have a really recent example of someone doing exactly what Jason wants and what I would want a guy to do. Especially a marine to step up and stop this from happening. And the man was dragged by our legal system to a position where he nearly had to spend the rest of his life in prison.

I mean, I -- it's insanity. Thankfully, they came to their senses on that one.

GLENN: Well, the difference between that one and this one though is that the guy was threatening. This one, he killed somebody.

STU: Yeah. Right. Well, but -- I think -- but it's the opposite way. The debate with Penny, was should he have recognize that had this person might have just been crazy and not done anything?

Maybe. He hadn't actually acted yet. He was just saying things.

GLENN: Yeah. Well --

STU: He didn't wind up stabbing someone. This is a situation where these people have already seen what this man will do to you, even when you don't do anything to try to stop him. So if this woman, who is, again, looks to be an average American woman.

Across the aisle. Steps in and tries to do something. This guy could easily turn around and just make another pile of dead bodies next to the one that already exists.

And, you know, whether that is an optimal solution for our society, I don't know that that's helpful.

In that situation.

THE GLENN BECK PODCAST

Max Lucado on Overcoming Grief in Dark Times | The Glenn Beck Podcast | Ep 266

Disclaimer: This episode was filmed prior to the assassination of Charlie Kirk. But Glenn believes Max's message is needed now more than ever.
The political world is divided, constantly at war with itself. In many ways, our own lives are not much different. Why do we constantly focus on the negative? Why are we in pain? Where is God amid our anxiety and fear? Why can’t we ever seem to change? Pastor Max Lucado has found the solution: Stop thinking like that! It may seem easier said than done, but Max joins Glenn Beck to unpack the three tools he describes in his new book, “Tame Your Thoughts,” that make it easy for us to reset the way we think back to God’s factory settings. In this much-needed conversation, Max and Glenn tackle everything from feeling doubt as a parent to facing unfair hardships to ... UFOs?! Plus, Max shares what he recently got tattooed on his arm.

THE GLENN BECK PODCAST

Are Demonic Forces to Blame for Charlie Kirk, Minnesota & Charlotte Killings?

This week has seen some of the most heinous actions in recent memory. Glenn has been discussing the growth of evil in our society, and with the assassination of civil rights leader Charlie Kirk, the recent transgender shooter who took the lives of two children at a Catholic school, and the murder of Ukrainian refugee Iryna Zarutska, how can we make sense of all this evil? On today's Friday Exclusive, Glenn speaks with BlazeTV host of "Strange Encounters" Rick Burgess to discuss the demon-possessed transgender shooter and the horrific assassination of Charlie Kirk. Rick breaks down the reality of demon possession and how individuals wind up possessed. Rick and Glenn also discuss the dangers of the grotesque things we see online and in movies, TV shows, and video games on a daily basis. Rick warns that when we allow our minds to be altered by substances like drugs or alcohol, it opens a door for the enemy to take control. A supernatural war is waging in our society, and it’s a Christian’s job to fight this war. Glenn and Rick remind Christians of what their first citizenship is.