RADIOMarch 14, 2023

Glenn: Be ‘healthily’ TERRIFIED of the coming banking CHAOS

‘I don’t think people understand the destruction that is coming our way,’ Glenn says. ‘This is going to happen. It’s just a matter of when.’ In this clip, Glenn is joined by financial expert and author of ‘The War On Small Business,’ Carol Roth. They discuss the recent Silicon Valley Bank (SVB) closure, why it occurred, and how small entrepreneurs have to ‘play by the [banking] rules,’ whereas big businesses do not. Plus, Glenn explains why he thinks Americans should be terrified of what’s to come…terrified in a ‘healthy way,' of course.

Transcript

Below is a rush transcript that may contain errors

GLENN: Carol Roth, welcome back.

CAROL: Hi, Glenn. What a crazy couple of days here, never -- never ceases to amaze. Doesn't it?

GLENN: No, it -- it really doesn't.

First of all, let me get your reaction. We spoke on Friday. On the Friday exclusive, that I do for the Blaze TV.

And this story was just breaking.

CAROL: Yes. Correct.

GLENN: So they bailed everything out, with the FDIC.

But this isn't just the depositors, that they bailed out.

I'm for FDIC, covering depositors. But they just changed the law, with a stroke of a pen. Did they not?

I mean, you had $400 million in that bank. It says clearly on the door, deposits up to 250,000.

CAROL: Yeah. You know, I have a different take on this, than a lot of people that I've been talking to. Some friends and colleagues.

You know, they did not do what I would consider to be a full bank bailout. They did not protect the shareholders. They showed management the door. So, you know, the people who should be taking on risk, took on the risk. In terms of the depositors. I mean, you could say, oh, why should these tech companies be saved?

But I challenge people to change the name. If it wasn't called Silicon Valley Bank. If it was called the small business bank of Iowa, would you want those small businesses to be at risk?

GLENN: Well, there is -- there is a difference.

In those small businesses. And I'll tell you what the difference is. There's no way in hell, this federal government would bail out a small business bank, in a red state. I just don't believe it.

PAT: That may be the case. But at the same time, if you think about the potential contagion.

And, in fact, we could use this now as a benchmark. To say they've done it before. That God forbid, the small business bank of red state were to fail in the future.

But if you think about just the ripple effects, the example I like to use is Etsy.

Etsy is a marketplace. Where artisans and small entrepreneurs do crafts. And they sell them. Etsy had all of their working -- or not all of their capital. A large portion of their capital with Silicon Valley Bank.

So if that money were to have gone away, they wouldn't have been able to pay all of the entrepreneurs.

The same thing with a payroll company. They had their money with Silicon Valley Bank. And so another company wouldn't have been able to pay their entrepreneurs.

So that kind of reverberation throughout the system. And then not quelling the fears, that this could happen again, and potentially taking down not just other regional banks, but having contagions up to big banks. It would have been really bad for everyone.

GLENN: So, but wait.

I agree with you. I agree with you, that it would have been horrendous. Okay?

However, I had under the FDIC limit in Silicon Valley Bank for one of my businesses.

We ran our payroll through Silicon Valley Bank.

CAROL: Okay.

GLENN: We never put more than 250 grand in that. We never do it. Unless we care to lose it.

So why do I have to play by the rules, and expect that I'm not going to get something, but all of the big guys, will always expect, oh, well, they're going to bail me out. I'm too big to lose. I'm too big to fail.

CAROL: Yeah. Listen. This is sort of an expectation sort of game. But the reality is, that we didn't want to have that failure happen. And this was a bank that was very different than some of the other failures that had happened before.

I mean, this was not about making to their I can do loans or derivative products. This was really a liquidity issue, that should have never gotten to the panic. And I think that's the bigger issue. The way this was communicated.

The hubris. The fact that the head of Silicon Valley Bank. Sat on the board of directors, on the San Francisco fed. And didn't anticipate, that it might not be a good idea to lock up money for ten years of treasury.

There are a lot of really weird questions here.

And I think we can certainly debate, you know, what -- what we should do on a go-forward basis. But we have to have faith in the banking system, and for companies to take their cash management and now have to go through paperwork. And chop it up into little blocks so that they can be covered. And have it in all kinds of different banks and different accounts. Isn't particularly efficient.

So I think the insurance program, probably needs to be relooked at. And I think that's --

GLENN: But you can't just write the rules as you go.
(laughter)

CAROL: They do all the time, Glenn.

GLENN: That's wrong. I know. And it's wrong to do that.

CAROL: This is not the first time.
(laughter)
So it's definitely wrong to do that, but they're going to do it on an ongoing basis. This was not the time to put the flag down and go, no. This isn't the time to do it. It was a very sort of practical decision. Yes, in principle, we need to fix the underlying system.

But as I said, let's not pretend that capitalism in the United States. We've had the fed who is --

GLENN: Oh, no, it's not capitalism.

CAROL: On a historic basis. So I won't sit and complain, oh, this is some affront to capitalism, that didn't actually exist.

GLENN: No. The Fed is completely out of control. Overstepped. And all of the -- you know, the big banks. The really big banks.

They are rolling with our cash.

CAROL: Rolling in dough. Literally.

GLENN: Yeah. So let me go back to the bonds, a second.

They locked these treasuries up for ten years. And they -- when the interest rates go up, they lost about 25 percent on their bonds. If they tried to sell them in an emergency.

They were going to lose 25 cents on the dollar.

That's what caused the panic.

Because if you lose 25 cents on the dollar, you don't have enough to cover all of the things that you have covered.

CAROL: Let me add one more thing that added into the panic, because this was on paper.

Should they held them to maturity, there would have been no problem.

Like you said, only in an emergency. What happened, is that within Silicon Valley, because interest rates were rising and the bank was only paying a small amount on deposits, you could pull your money out. And park it into a Treasury bill now. And get, you know, 5 percent without very long duration.

So you had more depositors pulling their money out, than they had model and had expected, in this rising interest rate environment. As well as probably companies that needed more operating cash because of the economy.

So they didn't have that expectation.

And that sort of mismatch, in saying, oh, wait. We have a liquidity need. Because we didn't estimate for this.

That's what forced them to sell the bonds. At that loss.

And then created this panic.

GLENN: And that's where this boob, that is sitting on the Federal Reserve Board, in San Francisco.

These guys are -- I'm convinced, these guys are arrogant morons.

However, how many other banks have put their -- their money into longer term treasuries?

CAROL: Oh, I mean. It's throughout the system.

GLENN: So wait.

CAROL: Wait. Wait. Wait.

GLENN: Go ahead.

CAROL: If you take Bank of America. They also had a situation, where they had to take a big loss on selling treasuries.

The difference is they have a large and diversified business. They only had 69 percent of their liabilities being deposits. Where Silicon Valley bank it was 89 percent. They have a lot of retail deposits, that were under the threshold. They have investment trading. And wealth management. And all these other things.

So for them, it wasn't an issue. But on a smaller scale, for a bank, that really does rely on that deposit business. And because they had so much of that, as these smaller business deposits, that were uninsured, that made it different, than it was for let's say some of these bigger banks or banks that were --

GLENN: Right. But, you know, I'm looking at banks, like, you know, JP Morgan Chase.

All of that. They're fine.

They have plenty of money. And they're going to get all the depositors, as the little banks go out.

CAROL: Exactly. Let's underscore that point.

GLENN: What I'm asking you is: How -- what gives us any indication that this is -- that it's over?

That we're safe now? I mean, it might be because right now.

But this is going to happen again.

CAROL: So that's exactly why they put out the press release, that they did. You know, the fed and the Treasury.

And that very comforting statement from our president. I'm sure that gave you all the confidence in the world.

GLENN: Oh, yeah. I'm stuffed.

CAROL: But that was the point. Is the reason that those depositors pulled out their deposits, is because they were worried it wasn't going to be backstopped. And if there was this liquidity issue that was incurred. Oh, boy. What are we going to do?

Yes. There are other banks that are probably in the same situation. But if their customers don't panic and pull their deposits, and they have the time to pull the liquidity poll.

Then that's what that statement was meant to do.

Now, it really just depends on the temperament of individuals and businesses. If you believe that, if you believe they'll step in and back us up, then you're not pulling out the money, these companies -- the banks can deal with it.

And if you don't, then we will see more of this. Certainly, I think particularly Silicon Valley Bank was different than Silvergate and Signature that had more crypto exposure.

I would imagine those that have more exposure to crypto will probably see some additional issues.

But Silicon Valley Bank being that second largest bank to fail in history, one of the top 20 banks in the US. Systemically important.

As you said, plugged in and connected. It was just a different -- a bit of a different animal.

But, Glenn, I do want to go to that point you made.

This is really huge. Just like they closed down the small businesses during COVID. And all of that went over to the big guys.

You know, the big guys couldn't really step in. There's laws in place, about buying more deposits.

But what has happened in letting this play out, the way it does, is people have just decided to organically move their deposits. So JPMorgan and Citigroup. Like, they're having a field day. So much so, that Jamie Dimon just bought something like 26 million dollars' worth of JPMorgan stock. Because she's doubling down, because he knows all those depositors are rolling in. And he did not have to pay a red cent for them. The great consolidation continues.

GLENN: All right. Hang on just a second. Can you spend the hour with me?

CAROL: Yeah, of course!

GLENN: Because I've got a ton of questions on this.

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One that fits in the category of above and beyond. Somebody who is -- they usually just love their job, and they love serving people.

They love to see their customers really, really happy.

Those are the kinds of people that we look for, when we're looking for real estate agents, that can represent you, when you're buying or selling your home. You need somebody who really loves serving you, who has compassion for people. And cares about people. And wants to do the best for them.

That's also the best way to make money. Best way to be successful is just to serve and overserve your customer.

Because they're -- they always go away happy. And then you've got more customers coming your way. We look for the people like that, who also have the best track record.

And they meet our standards. And we have pretty high standards to recommend. These people don't work for us. So we don't have any skin in the game, on, you know, who we pick and who we don't. Other than, I want to super serve you, and give you the best person.

RealEstateAgentsITrust.com. Is a referral service. Just go there. Tell us where you're buying, selling. And we'll get you some of the best real estate agents in the country.

RealEstateAgentsITrust.com. Ten-second station ID.
(music)
Okay.

So as the -- as the Fed rate goes up, these Treasuries are worth less and less. If you have to sell them. Correct?

Wait. We're missing you. Hang on just a second. I don't --

CAROL: Okay. Did you get it? Yeah. So, you know, obviously, the -- not to get too wonky. But the interest rates, or the yield on the bonds trades an inverse on it. And if you think about it, why would you buy a ten-year that was on the market from a long time ago, that's yielding 1.1 something percent interest, when you can buy something that's at two years right now, that gives you 5 percent interest. That doesn't make any sense.

So their current value on the market is lower. Again, if you hold them to maturity, if they hold them to 10 years, you still get the full amount of the face value, plus, the interest. It's just the tradable value today, in that interim time period. Because there's not a lot of demand for that.

GLENN: Right.

So for any small bank that is holding these, if there's trouble, they could be in trouble just like Silicon Valley Bank.

Now, the FDIC, we were told, you know, that's the insurance.

And he said, we're -- don't worry. You don't have to worry about it.

The banks that paid into it.

Well, they don't have enough just to cover what they covered yesterday. So they're already upside down.

So that means, if we do have runs in the bank, in the future, you know, near future.

They don't have any money. Which leads me to believe, we will just print the money.

Doesn't -- I mean, the inflation rate of what we're doing is crazy. Is this the beginning of the currency death cycle?

CAROL: Well, the currency death cycle began a long time ago.

I would say a couple of things. From an FDIC standpoint. They are saying, we are going to put a fee out to other banks.

So when Joe Biden comes out and says, the taxpayers aren't paying for this. You aren't paying for it directly.

But you certainly will be, whether it's a lower interest read on your money, or more fees or whatnot, if all the other banks have to go in.

What I do think can happen here, in the meantime, is, you know, with the bank, they're trying to sell off pieces of it.

And they're trying to find new homes for it. So the FDIC is covering it. Its insurance, if it needs to make it whole. But if somebody else were to buy it or buy other assets. There's a way that that structure sort of happens. And obviously, that's the best-case scenario.

And again, frankly we just should have never gotten to the point, where we had this panic. But, you know, the idiots didn't prevail there.

You know, should there be a God forbid, wide run?

Yes. And in terms of trying to dissolve this would-be money printing. Again, if I can respond.

Some people did not like what I had to say. That's sort of my point.

Someone is saying -- I'm not paid by anybody. I'm saying, we wanted to stem this, because what would happen to everybody.

People who are not involved at all, would have cost you a lot more than this, you know, kind of temporary pin here.

GLENN: I don't think people understand the destruction that is coming our way. It's coming.

This is going to happen. It's just a matter of when.

And people are like, you know, I'm fine. Bring it on.

No. You really don't understand.

You should be in a healthy way, terrified of what's coming. And I use the word terrified.

Do you remember, our grandparents went through something, that they were 50 years away from.
And they were still like, it could happen at any time.

That's the kind of pain that America is about to go through. And remember, those people grew up without indoor toilets. Okay?

They grew up without all the fancy stuff that we have now.

They didn't have that far to fall back.

We have an enormous way to go back.

You should be terrified of it.

In a healthy way.

THE GLENN BECK PODCAST

How to Find God in a Divided World | Max Lucado & Glenn Beck

Glenn Beck sits down with beloved pastor and author Max Lucado for a deep conversation about faith, humility, and finding unity in a divided world. Together, they reflect on the importance of principles over politics, why humility opens the door to true dialogue, and how centering life on God brings clarity and peace. Lucado shares stories of faith, the dangers of a “prosperity gospel,” and the powerful reminder that life is not about making a big deal of ourselves, but about making a big deal of God. This uplifting conversation will inspire you to re-center your life, strengthen your faith, and see how humility and love can transform even the most divided times.

Watch Glenn Beck's FULL Interview with Max Lucado HERE

Bill O'Reilly predicts THIS will be Charlie Kirk's legacy

Bill O’Reilly joins Glenn Beck with a powerful prediction about Charlie Kirk’s legacy. Evil tried to destroy his movement, Bill says, but – as his new book, “Confronting Evil,” lays out – evil will just end up destroying itself once more…

Transcript

Below is a rush transcript that may contain errors

GLENN: Mr. Bill O'Reilly, welcome to the program, how are you, sir?

BILL: Good, Beck, thanks for having me back. I appreciate it. How have you been?

GLENN: Last week was really tough. I know it was tough for you and everybody else.

But, you know -- I haven't -- I haven't seen anything.

BILL: Family okay? All of that?

GLENN: Yeah. Yeah. Family is okay. Family is okay.

BILL: Good question good. That's the most important thing.

GLENN: It is.

So, Bill, what do you make of this whole Charlie Kirk thing. What happened, and where are we headed?

BILL: So my analysis is different for everybody else, and those that know me for so long. About a year ago, I was looking for a topic -- it was a contract to do another book. And I said, you know what's happening in America, and around the world. Was a rise in evil. It takes a year to research and write these books.

And not since the 1930s, had I seen that happen, to this extent. And in the 1930s, of course, you would have Tojo and Hitler and Mussolini and Franco and all these guys. And it led to 100 million dead in World War II. The same thing, not to the extent.

But the same thing was --
GLENN: Yet.
BILL: -- bubbling in the world, and in the United States.

I decided to write a book. The book comes out last Tuesday. And on Wednesday, Putin lobs missiles into Poland.

Ultra dangerous.

And a few hours later, Charlie Kirk is assassinated.

And one of the interviewers said to me last week, your -- your book is haunting. Is haunting.

And I think that's extremely accurate. Because that's what evil does.

And in the United States, we have so many distractions. The social media.

People create around their own lives.

Sports. Whatever it may be. That we look away.

Now, Charlie Kirk was an interesting fellow. Because at a very young age, he was mature enough to understand that he wanted to take a stand in favor of traditional America and Judeo Christian philosophy.

He decided that he wanted to do that.

You know, and when I was 31 or whatever, I was lucky I wasn't in the penitentiary. And I believe you were in the penitentiary.
(laughter)
So he was light years ahead of us.

GLENN: Yes, he was.

BILL: And he put it into motion. All right? Now, most good people, even if you disagree with what Mr. Kirk says on occasion, you admire that. That's the spirit of America. That you have a belief system, that you go out and try to promote that belief system, for the greater good of the country. That's what it is.

That's what Charlie Kirk did.

And he lost his life.

By doing it!

So when you essentially break all of this down. You take the emotion away, all right?

Which I have to do, in my job. You see it as another victory for evil.

But it really isn't.

And this is the ongoing story.

This is the most important story. So when you read my book, Confronting Evil, you'll see that all of these heinous individuals, Putin's on the cover. Mao. Hitler.

Ayatollah Khomeini. And then there are 14 others inside the book. They all destroy themselves.

Evil always destroys itself. But it takes so many people with it. So this shooter destroyed his own family.

And -- and Donald Trump, I talked to him about it last week in Yankee stadium. And Trump is a much different guy than most people think.

GLENN: He is.

JASON: He destroyed his own mother and father and his two brothers.

That's what he did. In addition to the Kirk family!

So evil spreads. Now, if Americans pay attention and come to the conclusion that I just stated, it will be much more difficult for evil to operate openly.

And that's what I think is going to happen.

There's going to be a ferocious backlash against the progressive left in particular.

To stop it, and I believe that is what Mr. Kirk's legacy is going to be.

GLENN: I -- I agree with you on all of these fronts.

I wonder though, you know, it took three, or if you count JFK, four assassinations in the '60s, to confront the evil if you will.

Before people really woke up and said, enough is enough!

And then you have the big Jesus revolution after that.

Is -- I hate to say this. But is -- as far gone as we are, is one assassination enough to wake people up?

JOHN: Some people. Some people will never wake up.

They just don't want to live in the real world, Beck. And it's never been easier to do that with the social media and the phones and the computers.

And you're never going to get them back.

But you don't need them. So let's just be very realistic here on the Glenn Beck show.

Let's run it down.

The corporate media is finished.

In America. It's over.

And you will see that play out the next five years.

Because the corporate media invested so much of its credibility into hating Donald Trump.

And the hate is the key word.

You will find this interesting, Beck. For the first time in ten years, I've been invited to do a major thing on CBS, today.

I will do it GE today. With major Garrett.

GLENN: Wow.

BILL: Now, that only happened because Skydance bought CBS. And Skydance understands the brand CBS is over, and they will have to rehabilitate the whole thing. NBC has not come to that conclusion yet, but it will have to.

And ABC just does the weather. I mean, that's all they care about. Is it snowing in Montana? Okay? The cables are all finished. Even Fox.

Once Trump leaves the stage, there's nowhere for FNC to go. Because they've invested so much in Trump, Trump, Trump, Trump.

So the fact of the matter is, the corporate media is over in America. That takes a huge cudgel out of the hands of the progressive movement.

Because the progressive movement was dependent on the corporate media to advance its cause. That's going to end, Beck.

GLENN: Well, I would hope that you're right.

Let me ask you about --

BILL: When am I wrong?

When am I wrong?

You've known me for 55 years. When have I been wrong?

GLENN: Okay. All right. All right. We're not here to argue things like that.

So tell me about Skydance. Because isn't Skydance Chinese?

BILL: No! It's Ellison. Larry Ellison, the second richest guy in the world. He owns Lanai and Hawaii, the big tech guy and his son is running it.

GLENN: Yeah, okay.

I though Skydance. I thought that was -- you know them.

BILL: Yeah.

And they -- they're not ideological, but they were as appalled as most of us who pay attention at the deterioration of the network presentations.

So --

GLENN: You think that they could.

BILL: 60 Minutes used to be the gold standard.

GLENN: Uh-huh.

BILL: And it just -- it -- you know, you know, I don't know if you watch it anymore.

GLENN: I don't either.

So do you think they can actually turn CBS around, or is it just over?

BILL: I don't know. It's very hard to predict, because so many people now bail. I've got a daughter 26, and a son, 22.

They never, ever watched network television.

And you've got -- it's true. Right?

GLENN: Yeah. Yeah.

They don't watch --

BILL: They're not going to watch The Voice. The dancing with this. The juggling with that. You know, I think they could do a much better job in their news presentations.

GLENN: Yeah. Right.

BILL: Because what they did, is banish people like Glenn Beck and Bill O'Reilly.

Same voices, with huge followings.

Huge!

All right?

We couldn't get on there.

That's why Colbert got fired. Because Colbert wouldn't -- refused to put on any non-progressive voice, when they were talking about the country.

GLENN: I know.

BILL: Well, it's not -- I'm censoring it.

GLENN: Yeah, but it's not that he was fired because he wouldn't do that. He was fired because that led to horrible ratings. Horrible ratings.

BILL: Yes, it was his defiance.

GLENN: Yes.

BILL: Fallon has terrible ratings and so does Kimmel. But Colbert was in your face, F you, to the people who were signing his paycheck.

GLENN: Yes. Yes.

BILL: Look, evil can only exist if the mechanisms of power are behind it.

And that's when you read the front -- I take them one by one. And Putin is the most important chapter by far.

GLENN: Why?

BILL: Because Putin would use nuclear weapon.

He wouldn't. He's a psychopath.

And I'm -- on Thursday night, I got a call from the president's people saying, would I meet the president at Yankee stadium for the 9/11 game?

And I said, when a president calls and asks you to meet them, sure.

GLENN: I'll be there. What time?

BILL: It will take me three days to get into Yankee stadium, on Long Island. But I'll start now.

GLENN: Especially because the president is coming. But go ahead.

BILL: Anyway, that was a very, I think that Mr. Trump values my opinion. And it was -- we did talk about Putin.

And the change in Putin. And I had warned him, that Putin had changed from the first administration, where Trump controlled Putin to some extent.

Now he's out of control. Because that's what always happens.

GLENN: Yeah.

BILL: It happened with Hitler. It happened with Mao. It happened with the ayatollah. It happened with Stalin. Right now. They get worse and worse and worse and worse. And then they blow up.

And that's where Putin is! But he couldn't do any of that, without the assent of the Russian people. They are allowing him to do this, to kill women and children. A million Russian casualties for what! For what! Okay?

So that's why this book is just in the stratosphere. And I was thinking object, oh. Because people want to understand evil, finally. Finally.

They're taking a hard look at it, and the Charlie Kirk assassination was an impetus to do that.

GLENN: Yeah. And I think it's also an impetus to look at the good side.

I mean, I think Charlie was just not a neutral -- a neutral character. He was a force for good. And for God.

And I think that -- that combination is almost the Martin Luther King combination. Where you have a guy who is speaking up for civil rights.

But then also, speaking up for God. And speaking truth, Scripturally.

And I think that combination still, strangely, I wouldn't have predicted it. But strangely still works here in America, and I think it's changed everything.

Bill, it's always food to talk to you. Thank you so much for being on. I appreciate it.

It's Bill O'Reilly. The name of the book, you don't want to miss. Is confronting evil. And he takes all of these really, really bad guys on. One by one. And shows you, what happens if you don't do something about it. Confronting evil. Bill O'Reilly.

And you can find it at BillO'Reilly.com.

The difference between debate and celebrating death

There’s a big difference between firing someone, like a teacher, for believing children shouldn’t undergo trans surgery and firing a teacher who celebrated the murder of Charlie Kirk. Glenn Beck explains why the latter is NOT “cancel culture.”

Transcript

Below is a rush transcript that may contain errors

GLENN: I got an email from somebody that says, Glenn, in the wake of Charlie's assassination, dozens of teachers, professors and professionals are being suspended or fired for mocking, or even celebrating Charlie Kirk's death.

Critics say conservatives are now being hypocritical because you oppose cancel culture. But is this the same as rose an losing her job over a crude joke. Or is it celebrating murder, and that's something more serious?

For many, this isn't about cancellation it's about trust. If a teacher is entrusted with children or a doctor entrusted with patients, publicly celebrates political violence, have they not yet disqualified themselves from those roles? Words matter. But cheering a death is an action. Is there any consequence for this? Yes. There is.

So let's have that conversation here for a second.

Is every -- is every speech controversy the same?

The answer to that is clearly no.

I mean, we've seen teachers and pastors and doctors and ordinary citizens lose their job now, just for saying they don't believe children under 18 should undergo transgender surgeries. Okay? Lost their job. Chased out.

That opinion, whether you agree or disagree is a moral and medical judgment.

And it is a matter of policy debate. It is speech in the public square.

I have a right to say, you're mutilating children. Okay. You have a right to say, no. We're not. This is the best practices. And then we can get into the silences of it. And we don't shout down the other side.

Okay? Now, on the other hand, you have Charlie Kirk's assassination. And we've seen teachers and professors go online and be celebrate.

Not criticize. Not argue policy. But celebrate that someone was murdered.

Some have gone so far and said, it's not a tragedy. It's a victory. Somebody else, another professor said, you reap what you sow.

Well, let me ask you: Are these two categories of free speech the same?

No! They're not.

Here's the difference. To say, I believe children should not be allowed to have gender surgeries, before 18. That is an attempt, right or wrong. It doesn't matter which side you are.

That is an attempt to protect life. Protect children. And guide society.

It's entering the debate about the role of medicine. The right of parents. And the boundaries of childhood. That's what that is about. To say Charlie Kirk's assassination is a good thing, that's not a debate. That's not even an idea. That's rejoicing in violence. It's glorifying death.

There's no place in a civil society for that kind of stuff. There's not. And it's a difference that actually matters.

You know, our Founders fought for free speech because they believed as Jefferson said, that air can be tolerated where truth is left free to combat it.

So I have no problem with people disagreeing with me, at all. I don't think you do either. I hope you don't. Otherwise, you should go back to read the Constitution and the Bill of Rights. Error can be tolerated where truth is left to be free to combat it.

But when speech shifts from debating ideas to celebrating death, doesn't that cease to be the pursuit of truth and instead, just become a glorification of evil?

I know where I stand on that one. Where do you stand?

I mean, if you go back and you look at history, in colonial matter -- in colonial America, if you were to go against the parliament and against the king, those words were dangerous. They were called treason. But they were whys. They were arguments about liberty and taxation and the rights of man.

And the Founders risked their lives against the dictator to say those things.

Now, compare that to France in 1793.

You Thomas Paine, one of or -- one of our founder kind of. On the edges of our founders.

He thought that what was happening in France is exactly like the American Revolution.

Washington -- no. It wasn't.

There the crowds. They didn't gather to argue. Okay? They argued to cheer the guillotine they didn't want the battle of ideas.

They wanted blood. They wanted heads to roll.

And roll they did. You know, until the people who were screaming for the heads to roll, shouted for blood, found that their own heads were rolling.

Then they turned around on that one pretty quickly.

Think of Rome.

Cicero begged his countrymen to preserve the republic through reason, law, and debate. Then what happened?

The mob started cheering assassinations.

They rejoiced that enemies were slaughtered.

They were being fed to the lions.

And the republic fell into empire.

And liberty was lost!

Okay. So now let me bring this back to Charlie Kirk here for a second.

If there's a professor that says, I don't believe children should have surgeries before adulthood, is that cancel culture, when they're fired?

Yes! Yes, it is.

Because that is speech this pursuit of truth.

However imperfect, it is speech meant to protect children, not to harm them. You also cannot be fired for saying, I disagree with that.

If you are telling, I disagree with that. And I will do anything to shut you down including assassination! Well, then, that's a different story.

What I teacher says, I'm glad Charlie Kirk is dead, is that cancel culture, if they're fired?

Or is that just society saying, you know, I don't think I can trust my kid to -- to that guy.

Or that woman.

I know, that's not an enlightening mind.

Somebody who delights in political murder.

I don't want them around my children! Scripture weighs in here too.

Out of the abundance of the heart, the mouth speaketh. Matthew.

What does it reveal about the heart of a teacher who celebrates assassination?

To me, you go back to Scripture. Whoa unto them that call good evil -- evil good and good evil.

A society that will shrug on speech like this, say society that has lost its moral compass.

And I believe we still have a moral compass.

Now, our free speech law doesn't protect both. Absolutely. Under law. Absolutely.

Neither one of them should go to jail.

Neither should be silenced by the state.

But does trust survive both?

Can a parent trust their child to a teacher who is celebrating death?

I think no. I don't think a teacher can be trusted if they think that the children that it's right for children to see strippers in first grade!

I'm sorry. It's beyond reason. You should not be around my children!

But you shouldn't go to jail for that. Don't we, as a society have a right to demand virtue, in positions of authority?

Yes.

But the political class and honestly, the educational class, does everything they can to say, that doesn't matter.

But it does. And we're seeing it now. The line between cancel and culture, the -- the cancellation of people, and the accountability of people in our culture, it's not easy.

Except here. I think it is easy.

Cancel culture is about challenging the orthodoxy. Opinions about faith, morality, biology.
Accountability comes when speech reveals somebody's heart.

Accountability comes when you're like, you are a monster! You are celebrating violence. You're mocking life itself. One is an argument. The other is an abandonment of humanity. The Constitution, so you understand, protects both.

But we as a culture can decide, what kind of voices would shape our children? Heal our sick. Lead our communities?

I'm sorry, if you're in a position of trust, I think it's absolutely right for the culture to say, no!

No. You should not -- because this is not policy debate. This is celebrating death.

You know, our Founders gave us liberty.

And, you know, the big thing was, can you keep it?

Well, how do you keep it? Virtue. Virtue.

Liberty without virtue is suicide!

So if anybody is making this case to you, that this is cancel culture. I just want you to ask them this question.

Which do you want to defend?

Cancel culture that silences debate. Or a culture that still knows the difference between debating ideas and celebrating death.

Which one?

Shocking train video: Passengers wait while woman bleeds out

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.