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.

We'll come back in just a second. Certain kind of person out there, and you know them when you see them.

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.

PROOF: You WOULD be CENSORED under a Kamala Harris regime

Elon Musk recently warned that if Donald Trump doesn’t win the 2024 election, it will be the end of free speech as we know it. Is there any evidence of this? YES. Yes there is, Glenn says, and he has the receipts. Glenn rolls the tapes to prove that leftist elites in Kamala Harris’ elitist circle want to crack down on free speech: Hillary Clinton said social media could cost them “total control”; In 2022, Tim Walz said “misinformation” and “hate speech” are not protected under the First Amendment (they are); and John Kerry called the First Amendment “a major block” to combatting “misinformation.” Yet real misinformation, like Kamala’s praise of President Biden’s mental acuity even AFTER his disastrous debate, is SPREAD by the media?!

Transcript

Below is a rush transcript that may contain errors

GLENN: So, Stu, last night, you were watching the 60 Minutes interview. How was it?

STU: I did watch that. It was not good. There were a lot of different things, I much rather be watching football.

So the couple things about it. Number one was pitched as a Kamala Harris interview. And it wasn't really that. You got some Kamala Harris. A bunch of Tim Walz. And then an excruciating long piece about whether the election in Arizona was stolen in 2020.

Which I -- we've got four weeks until the election. Why?

Again, like, you could absolutely make a case, that would happen in 2020 in Arizona is important.

Nothing can be done about it, from now until the election. What's important now is 2024 election. You can get past 2024. You can start fixing problems you think exist in all these states. Once again, should have been done between 2020 and 2024.

But there's just no relevance to this whatsoever, at this point.

Whatever, they're trying to make Donald Trump look bad. A lot of it is tilted that way, including puff questions to Kamala Harris.

About, so why didn't you think Donald Trump didn't want to do this interview? Good, tough questions in 60 Minutes. Really tough question there.

GLENN: Oh, my gosh. Oh.

STU: There were a couple of questions that were adversarial, I guess you could say.

There was the typical, hey. You flip-flopped on 943 issues.

Let me list three of them. And let me give you a generic answer about your principles. That hasn't changed.

GLENN: So let me play one. This is cut three. This is her being pressed on her nomination. Listen to this.

VOICE: Was democracy best served by President Biden stepping down.

And basically handing you a nomination. He must have to go through a primary process. He didn't have to fight off other contenders.

That's not really the way our system was intended to work.

KAMALA: President Biden made a instigation, that I think history is going to show is rare among leaders, which was to put country before self.

STU: Stop it. He didn't want to do it.

KAMALA: And I am proud to have earned the support of the vast majority of delegates. And to have been elected the democratic nominee.

I am proud to have received the endorsement, of leaders around this country, from every background and walk of life.

STU: Nobody voted for you.

KAMALA: To fight in this election, over the next month.

GLENN: Please say there's a follow-up --

KAMALA: For our democracy.

VOICE: But I think this truncated process is why people think or say, they don't really know who you are.

KAMALA: Look, I've been in this race for 70 days.

GLENN: Right. Right. Yes. And nobody voted for you.

STU: I mean, that's a -- a fair question, that you're right. Though, the lack of follow-up is difficult.

GLENN: Yes.

STU: Right. It's tough to take. Because you know they would sit on this and press on it.

And say, wait a minute.

You're saying you won the votes.

You won the votes of the delegates. After the sitting president endorsed you and you pushed everybody else out of the race.

GLENN: And after you sat on the information, that he was almost a vegetable table.

For four years. Three and a half years.

You said, trust me. I am there with him.

He is fine.

And then, we find out, he's not. The night we find that out. You say, it was just a bad night.

He's fine.

STU: Yeah. You went on Anderson Cooper.

And said everything was fine.

You see him behind closed doors.

He's incredible. He's getting all these things done.

He's dealing with these leaders in these amazing ways.

She was lying after the debate about this.

And still, we really haven't had her pressed on what the hell happened there.

How did you -- why did you not tell people about this in advance?

Why did you continue to lie after everyone else already knew?

GLENN: So why didn't he ask that question? Cut eight, please. Here's Hillary Clinton.

HILLARY: If the platforms, whether it's Facebook or Twitter, X, or Instagram, or TikTok, whatever they are. If they don't moderate and monitor the congratulations, we lose total control.

STU: Uh-oh.

GLENN: We lose total control.

HILLARY: And it's not just the social and psychological effects. It's real harm.

GLENN: Uh-huh. It's real harm. So why wasn't the question pressed over and over again, the way it would be done for anybody else?

Cut nine. Here's Tim Walz.

VOICE: I think we need to push back on this. There's no guarantee on free speech on misinformation. On hate speech. And especially around our democracy.

STU: That's an incredible clip, largely because he then repeated it during the actual debate.

He -- that was in 2020, that clip. He had multiple years. That clip went viral in between.

And he still thought, that -- that there's -- that the hate speech is banned by the First Amendment.

GLENN: Uh-huh.

STU: And that you can't say fire in a crowded theater.

Things that anybody who studied this issue, know immediately are wrong.

And he knows nothing about them.

GLENN: Why didn't CBS ask the tough question? Why is no one really pushing Kamala on FEMA and the response to this hurricane, which is devastating?

I don't know.

Cut ten.

VOICE: And I think the dislike of, and anguish over social media is just growing and growing and growing.

And it's part of our problem, particularly in democracies.

In terms of building consensus around any issue.

It's really hard to govern today.

You can't -- you know, there's no -- the referees we used to have to determine what's a fact and what isn't a fact.

Kind of -- you know, have been eviscerated to a certain degree.

And people go -- and people self-select. Where they go for their news or for their information.

And then you just get into a vicious cycle. So it's really, really hard. Much harder to build consensus today, than at any time, of the 50 years I've been involved in this.

And, you know, there's a lot of discussion now, about how you curbed those entities.

In order to guarantee that you're going to have, you know, some accountability, on the facts, et cetera.

But look, if people go to only one source. And the source they go to is sick.

And, you know, has an agenda. And they're putting out disinformation.

Our First Amendment stands as a danger block to the ability to be able to just, you know --

GLENN: Notice. Notice, they are not talking about who the final arbiter is.

On mis and disinformation.

The arbiter, that they are asking for, is them!

That they will alert social media and everybody else. This is not true. This is true. Just like they did with the Hunter Biden laptop.

This is not true.

This is Russian disinformation.

When they knew the truth.

You're seeing what they want to do.

They are telling you, what they will do.

Now, we have to choose.

Did a Black Hawk helicopter TARGET a hurricane aid depot?

Footage has gone viral of an unmarked Black Hawk helicopter blowing over tents and supplies at a Hurricane Helene aid depot in Burnsville, North Carolina. So, are the rumors true? Who piloted the helicopter? Was it just an accident? Was it meant to send a message? Is FEMA or another federal agency involved? Glenn speaks with United Cajun Navy Vice President Brian Trascher, who tells Glenn that this looks more like a “hotshot” who accidentally came in too close than governmental revenge. However, he also spoke to people who claim they saw the pilots wearing standard Department of Defense gear. Brian also addresses what the United Cajun Navy is doing to prepare for Hurricane Milton. Plus, Glenn hears from a caller who says he was a Blackhawk pilot in the military and has personal experience with these incidents …

Transcript

Below is a rush transcript that may contain errors

GLENN: Brian Trascher is on, the vice president of the Cajun Navy. The United Cajun Navy. Brian, thank you for everything you guys are doing. You are absolute heroes.

BRIAN: Glenn, thanks so much for having us. And really just want to take a minute to thank you and JP, the team over at Mercury One for the tremendous support and generosity they've been giving us throughout this deployment in North Carolina. And we hope to continue to keep working together in Florida. So thank you so much from the bottom of our hearts. Thank you, Glenn.

GLENN: Yeah. Please, it's the audience, not me.

BRIAN: Right.

GLENN: Please, don't let me forget, before we go, to talk about Florida, and what we have to do in Florida. But first, can you talk to me.

Are supplies meant for Hurricane Helene? Are they purposefully being thwarted?

And what happened with the helicopter?

BRIAN: So, you know, you know, I think I made the mistake of asking for new conspiracy theories for Christmas. Because all the ones I asked for last year, came true.
(laughter)

BRIAN: So, you know, we -- we were on the ground pretty early in Florida. You know, we always say that people have to understand that FEMA and the National Guard are not first responders. They're second responders. The first responders locally -- the local first responders are also victims, so they're not always fully up to speed.

So that's why we put people on the ground to get to work right away.

The good thing about the United Cajun Navy, is we don't to have ask our lawyers permission to do anything, we just ask them to show up to the bond hearing later, and we'll deal with it.

So anyhow, when we first got down there, we were hearing reports about people getting -- getting stopped. And getting, you know -- impeding the relief efforts. It didn't happen to us.

You know, we have an existing relationship with FEMA and the Red Cross and a lot of agencies.

So they know who we are, and so we weren't really experiencing it like other people were.

We were getting reports of it, for sure. But then, we were -- we started getting frantic calls and texts, and pictures, and stuff. Sent to us. From our volunteers. Over at that site.

Saying, you know, what the hell is happening?

You know, they said that -- that this Blackhawk did a little pass. Like he was going to land. He started giving us the X signs with his arms, saying it was a no land zone.

And he kept coming down. You know, look, I wasn't there myself. But I watched a video a bunch of times. I am a pilot. I'm a fixed wing pilot, not helicopter.

But it does look to me, that, first of all, he was flying too low. They have to stay 500 feet over any structure or person. That's just the day one rule.

But it looks like he does a left bank, and then aft pitch, which increased, in my opinion, the strength of the rotary wash, that you saw blowing all the materials in the tents everywhere.

And then he pitched forward and took off. So I really don't -- you know, everybody has been sending us information on the aircraft. They're saying, you know, I don't want to say, because we don't know for sure. But they think they know who it belongs to. And where it came from.

Nobody knows, including myself, what the intent was. Some people are telling me, oh, the pilot just lost situational awareness and made a mistake. I'm like, listen, Blackhawk pilots are the Top Guns of the rotary wing.

The only Blackhawk pilots that make mistakes are the dead ones. You know, these guys are some of the best helicopter pilots in the world.

Seems like, either we had just a rogue hotshot, or they were trying to send some kind of message. I hate to go down that rabbit hole. Everybody saw the video now.

I'm happy to hear what anybody thinks.

GLENN: So do -- I -- I know somebody who has a Blackhawk. Believe it or not. I didn't know you could buy them, but you can strip down apparently.

Do we know if this was private? At least.

BRIAN: That was. Okay. So my first instinct was -- because you're right. If you've got money, you can buy anything. Right? You can rent a congressman pretty cheap these days, including with inflation.

But somebody -- one of our followers was really good with video. And they were able to close up on it, and see. The two pilots in the cockpit.

It takes two pilots to fly a cockpit. And they said, they were wearing standard DOD headgear. The aircraft does -- if we think we've identified the right one, does appear to be -- does appear to be registered to the military.

It was not armed. So I thought maybe it was -- it belonged to an agency. You know, I don't know. There's so many possibilities.

GLENN: There was no marking on it?

BRIAN: Not that I'm aware of. We've looked at everything, that we could, as far as with the video and pictures available.

GLENN: I mean, that's illegal, isn't it?

BRIAN: Yeah. We just didn't see any.

GLENN: Huh.

BRIAN: And so people have been using Flight Tracker and things like that, to see who was flying missions in that area. And, again, they have come up a few possibilities.

We're trying not to jump the gun. And even, let's say, it was military, the last thing I want people going and trying to find out who the pilots were. And start harassing them.

You know, I don't want all of that.

GLENN: Yeah. You know, and I just said on the air, anybody who is threatening any government official, is a problem.

And it should -- it should stop. However, you know, standing there, in a place, like you're at now.

I assume you're at our base camp there, by the Harley-Davidson dealer.

BRIAN: Yeah. Adam Smith, one of the baddest dudes in North Carolina.

GLENN: Yeah. And he has politely told them. Go away.

Because we have a system down. And it's been working. And it's saved a lot of lives.

And you can go do your thing.

But you're not shutting us down. There's no problem with saying, thank you. But, no, thank you. As we are the first responders.

But you cannot take it out on the people.

You can't. Please, be kind. If you --

BRIAN: And I'll tell you, Glenn. It just so happened, that the week before Helene hit. We had some prescheduled meetings in DC. And one of those meetings was at FEMA. They had us up at the Incident Command Center, which is like their war room.

And they had done a level one activation, and they were watching Helene.

And they were talking to all the local emergency managers, and making plans.

And I did not meet anybody in the entire building. When I was at FEMA. That was not a passionate, dedicated person that cares about their job. And cares about helping people in trouble.

So FEMA is -- as a -- as a entity, seems like, just another F-word.

And you can say what you want about the leadership of FEMA and the political appointee.

But the people on the ground. And there are people on the ground in North Carolina. Has been since I got there. But, yeah, don't be ugly to those people. They're just employees. Their job is to do this, and they do care about it.

GLENN: Yeah. By the way, I don't know how they can say, that they've got this covered.

As of Monday yesterday, only 9 percent of FEMA's personnel or 1200 people, were available to respond to the hurricane or other disasters.

They are having a hard time. They don't -- they say, this is the busiest year in the past decade.

And the staffing reserves, at this point, were 19 percent.

That is -- obviously, not good.

And they are -- they are having a difficult time, getting people in to help.

So I don't know how the government can have it both ways.

By the way, this is coming from the New York Times.

I don't know how they can have it both ways. Look, we don't. You know, we don't need help.

And, you know, we're here to take over.

And then at the same time, be short people, especially with Milton on its way.

BRIAN: Right. And what's worse having being short people.

And this was something that was intimated to me, from some FEMA management people.

That obviously won't be named. But it's not just not having the bodies, again.

They are more experienced staff elsewhere.

And you know where I'm talking about. And so they have people, but they're kind of fairly new hires, still carrying around the employee handbook, trying to figure out what is going on. So they've requested it, to their credit. These people have requested from their higher-ups, to bring in some of these more senior experienced people and my understanding is that hasn't happened yet.

GLENN: I -- I can't thank you and every single veteran, that is on the ground.

I mean, the American people are really good people.

But we don't have the experience, per se, that you guys do.

The veterans.

And especially, Special Forces guys.

You guys sprung into action. And set these systems up.

Like only really military can do.

You just -- you had what you had. And you made good with that.

And you set it up. And you organize. And I think you made the difference between life and death with a lot of people.

So thank you.

BRIAN: Yeah. And, well, just to be clear.

I, myself, am not a military veteran. But I am a pilot. I'm a boat captain. I'm a diver. I just did all these types of skill sets on my own. And it turned out to be useful. But, yeah, you're right. We have a ton of veterans. And they do make the best volunteers.

And they just -- you can't freak them out. You can't make them. You can't make them woozy.

GLENN: I know.

BRIAN: They can handle anything. And I think one of the things that helped us out, as an organization. With regards to local. Or local or federal officials trying to stop relief efforts. That we put it really early. Anybody getting in our way, we're offering an all-expense paid free swamp tour back in Louisiana. So sign up, please.

GLENN: All right. Thank you so much. Before you go, talk to me about Milton.

BRIAN: We are. So Milton is -- you know, one of the lowest center of pressure in terms of millibars that we've seen in the last century. We have our own meteorologist on staff, the Navy that are making sure that we are putting out accurate information.

And it's -- it's bearing down. The NHC track, looking to stay right in that Tampa area. Unfortunately, it will hit. It's a very strong hurricane. We are prepositioned.

We have assets in Destin and Ocala.

And we're moving more into the area. We will have boat assets, supplies, and air assets just like we did in North Carolina. So nobody has to worry about whether we're coming, we're already there. We will help as many people as we can. The good thing about Florida is, they do such a good job with these hurricanes as a state. That usually we're just there for maybe a few days or a week. Handling the life-threatening emergency stuff. And then the state comes in and starts running their show. And, you know, they take over. And they have a tremendous game.

GLENN: Yeah. Ron DeSantis is absolutely incredible. Just incredible with the system.

BRIAN: Everybody should have a Navy SEAL as a governor. I mean, we love Jeff Landry, don't get me wrong. He's a bad dude. But they're on another level.

GLENN: Brian, is there anything you need in help?

BRIAN: If anybody wants to find out more about us, we're on all the socials. United Cajun Navy. Our website is UnitedCajunNavy.org. Sign up to volunteer. Donate.

We always say, time, talent, treasure. If you've got the time to give, the talent to offer, or the treasure to donate, we appreciate it all. One thing everybody can do for free, is go to our social media posts and share them. That helps us grow, and grow our mission. This is Mercury One and all our listeners.

So again, thank you so much. And we're very grateful.

GLENN: Thank you, Brian. We're glad to partner with you. Thank you. Brian Trascher from the Cajun Navy. He's the vice president.

STU: He's awesome.

GLENN: Yeah, he's awesome, and very funny.

GLENN: These guys, they've been through these things, over and over again.

Like he said, they're just unflappable.

And there's nothing better in an emergency, than have a group of people who say, we got it. Don't worry. We've got it. Don't worry.

Especially when they're grappling down from a helicopter, as they were over the mountains.

And, you know, pulling people up in the helicopter.

When I saw Cory Mills do that, I'm like, who does -- well, I mean, you do that. But I don't ever want to do that. I don't want to have to do that.

I don't want somebody to have to pick me up like that.

I'm just going to tie a rope around you.

We will just head on out.

No, thank you. No, thank you.

All right. More in just a second.

By the way, you can help. MercuryOne.org. Now with Milton on the way. We really need to pull together.

And know that we will be there for you.

That is kind of the thing that you learn, if you're a farmer. Or you live in a small town.

When the neighbor's farm has trouble. You go over and help.

Because you know at some point, you will have problems.

And they'll have to help you.

So it's -- it's not transactional. But it's required, that we all help each other.

We're the first responders, not the government.

GLENN: Let me go to Dallas.

And -- Dallas is -- I just looked up. I thought it was Dallas, Texas.

But Dallas is his name.

He is from Texas.

Hi, Dallas.

CALLER: Hi, how are you, Glenn. Long-time listener, first time caller.

GLENN: Thank you.

CALLER: I -- I am a retired Army aviation major. And I've got more than 1200 in Blackhawk, 1,200 hours in Blackhawks, and a couple hundred hours in Chinooks. And after hearing your conversation, I went to look at the videos of the Blackhawk dusting off your supply area.

And having done something very similar myself, more than once, it is -- I don't think it was on purpose.

GLENN: Good.

CALLER: It looked -- it looked to me, that as soon as they realized what they were doing, they were pulling away.

And I've seen more stuff than I can tell you, blown over, including one of my soldiers was blown over by an Apache. Actually sent him tumbling.

Many years ago, in Korea, a lieutenant and I were flying a Hawk, and we were tactically flying the riverbeds. And it just so happened, it was also the vacation season in Korea. And the Koreans set up these canopies, and easy ups on the river and floating in the water.

And we were following the riverbed, not going real fast. And I thought I was high enough, until I looked out and I saw canopies tumbling and flying every which direction.

GLENN: Oh, you were popular.

CALLER: Yeah, yeah, I was real popular.

GLENN: Yeah. Well, I'm glad to hear that. And I hope you don't think that we accused, because we said we didn't know. We would like to know who owned the helicopter.

You know, it didn't have a tail number on it.

And so who -- who was it?

And just to not take it out on the pilots or even the service, but just to ask the questions. What happened there? What happened there?

CALLER: I can't tell whether it's a civilian-owned Blackhawk or whether it's a government --

GLENN: No. Neither could we.

CALLER: There's a lot of agencies that have them. Once again, at Fort Hood, I got accused of flying over a neighborhood. While I was at my house, having a lunch. And I actually looked out and saw the Blackhawk. And I don't know if it was a customs or who it was. But after they found out that I was actually at my house and not flying, I got -- I got redeemed on that one.

But, no. If they had wanted to really cause some -- cause some damage, they would have come in a lot lower. It looked to me, that as soon as they realized, oh, crap.

GLENN: Yeah. That's good.

CALLER: It was light stuff. From looking at the video.

GLENN: Yeah.

CALLER: So I really -- in my heart of hearts, I don't think it was done on purpose.

GLENN: I'm glad to hear that, Dallas. Thank you so much.

Mark Levin RIPS Biden-Harris for ENABLING Iran 1 year after Oct. 7 Hamas attack on Israel

On the 1-year anniversary of the Oct. 7 Hamas attack on Israel, Glenn Beck speaks with Mark Levin about where the world is now: American hostages are still in Gaza, people around the world are protesting Israel, and Kamala Harris is offering money to Lebanon after Israel's attacks on Hezbollah! Mark Levin puts it bluntly: our "pathetic, weak" government was appeasing and subsidizing Iran way before the Oct. 7 attack, and it continues to do so today. "This administration has a ton of blood on its hands," Levin says. "We are subsidizing the modern-day Nazis!" Levin also has some choice words for Kamala Harris after her recent response to a question about Israeli Prime Minister Benjamin Netanyahu ...

Transcript

Below is a rush transcript that may contain errors

GLENN: Mr. Mark Levin.

How are you, sir?

MARK: I'm good. I must know you played fort chiefs. Very cool.

Do you have a ring?

GLENN: Yeah. Three of them. Yeah, yeah, yeah. So, first of all, how are you feeling? How is your leg?

MARK: Dragging behind me. But we're good. I don't recommend tearing your tendon on your quad and your knee. I don't recommend it.

GLENN: Yeah.

MARK: It tore right in half.

GLENN: Did it really?

MARK: Yeah. Anyway, enough of me. How about you?

GLENN: Yeah.

Let's talk about Israel. 365 days ago.
In fact, do we still have the counter up? Yeah. There it is.

We put a counter up, counting the number of days. There have been hostages. We're at 365 today.

366. If you're counting by Israel time.

And still, nothing.

Absolutely nothing.

And today is the anniversary. What are your thoughts?

MARK: You know, my thoughts are, leading up to October 7th, our government, not only appeased Iran, but subsidized Iran. Sent an Iran special, this guy Mali, who you're family with. To negotiate with the Iranians.

They saw this. They saw the most pathetic, weak, American administration ever.

And we were giving them money for our hostages. $6 billion.

We were not enforcing the restrictions. Money was pouring into that country.

They built up their military. They built up their economy, which was teetering.

And I think they figured, you know what, what the hell is Biden going to do, if we unleash Hamas?

They knew it unleashed Hamas and Hezbollah. Hamas attacked on the 7th. Hezbollah started filing missiles on the 8th.

And they were right, in many respects.

This administration has a ton of blood oats hands. Still does.

And the reason why the hostages aren't out, in many respects. First of all, Hamas is a blood lust terrorist operation.

They don't care about these hostages. That's number one.

Number two, they've had any comfort, from this administration, for from day one, where Blinken put out a tweet and then pulled it back, demanding that Israel enter into a cease-fire. They have tied Israeli's arms behind their back. They have cut off arms. They have cut off funds. They have actually allowed more funds to flow into Iran by far, than into Israel. They're still cutting off arms than into Israel. They still are cutting off arms. They publicly, privately, trashed Netanyahu. They leaked against the Israelis. They try to coup against Netanyahu. When they're trying to bring guns. And these other reprobates, that he had in his national security cabinet into the United States, to try to figure out how to topple him.

This is a very evil, diabolical administration. And they want to do to Israel, what they did to Afghanistan. Let's just get out. Let's call a victory. And Israel can't call a victory. Because it won't survive. And its people will be called out.

Even now, they are trying to bribe Israel, and blackmail Israel and not getting Iran's nuclear sites, which need to be eliminated.

GLENN: Yeah. Why would you do that? Why would you do that?

MARK: I'll tell you why. There was a piece written in the tablet. Tablet.com, a year ago. Michael Duran, and another gentleman. And he said, that Obama -- remember, Blinken was his deputy Secretary of State.

Obama, Biden, Blinken. And, yes, Harris.

Their ideology is that Israel cannot be the most powerful military in the Middle East. That we can work with Iran. So Iran can balance off Israel.

They're sympathetic to Iran, believe it or not, anyway.

Because they think, with the Shah of Iran, that we install him.

And that it's American imperialism. And colonialism.

And Khomeini, the first one. His reaction to American colonialism and imperialism. And we just need to work with these people. It is so perverse.
It is so outrageous. And so they want to weaken Israel. Strengthen Iran.

And I'm sitting there thinking, three-fourths of the people of Iran, want to overthrow that government. Iran. It's Iran that overthrew the Lebanese government, through Hezbollah. It's Iran that helped Syria slaughter half a million of its people to stay into power.

It's Iran, that is taking over Iraq, with all the blood that we shed there.

It's Iran that's destroying Yemen. But these are people are out of their minds. And they're trying to assassinate Donald Trump. And, you know, yesterday, Glenn Beck. Yesterday, we gave the okay for South Korea to release the funds to another country. $6 billion to Iran. So Iran sees this. They hear Biden say, Israel, don't do the deathblow against Iran.

And so they feel they can do things that they never would get away with under a Trump or for that matter under a Reagan. Or for that matter under a Clinton.

It's just unbelievable.

GLENN: Yeah. You know, the idea that we caused all this, in '79.

Okay. Let's just give you that. In the same way, that I'll give you or you should give me, that the United States, under Woodrow Wilson, created the conditions, in Germany, that brought us to World War II.

It was the Paris peace treaty, that was just a nightmare.

Okay. We didn't then cozy up, to the Nazis, and say, well, you know what, we kind of caused this. So let's just -- let's just prop him up.

That would have been insanity. And it is exactly the same insanity.

MARK: You know, it's very interesting. Neville Chamberlain, peace in our time of appeasement. Neville Chamberlain never subsidized the Nazis.

We are subsidizing the modern day Nazis. $100 billion is floating into their country.

Because we won't enforce these sanctions. Because we give them money for hostages. We're trying to buy our way. Subsidize our way in.

Joe Biden is an absolute buffoon. But Harris is an ideologue.

Harris is under Obama's wing. And Harris despises the state of Israel. And is constantly trashing their elected leader, Netanyahu.

GLENN: Yeah. Listen to this.

This is from CBS. Face the nation. Cut 18.

Here's Kamala yesterday.

VOICE: Do we have a real close ally in Prime Minister Netanyahu?

KAMALA: I think, with all due respect, the better question is, do we have an important alliance between the American people and the Israeli people?

And the answer to that question is question yes.

GLENN: Well, wait a minute.

Hang on just a second.

Because I think we had an important alliance, you know, in the Cold War, between the American people, and the Russian people. What she's saying is, the government of Israel, we don't have an alliance with.

Isn't she?

MARK: Think about this. This is a representative government. That is a (inaudible) government. Netanyahu today, is the most popular figure in the state of Israel. Because what he's done to Hezbollah, what he's about to do to Iran.

You can't say to a democracy, we have a relationship with the people, but not be people that choose their leaders. As I said, they tried to take him out several times. Through a coup. Through his cabinet. Is a disgusting statement. She doesn't talk about Xi that way. She doesn't talk about Putin that way.

She doesn't talk about the Islamic Nazi who runs Tehran that way. She talks about Netanyahu that way.

Why? Because the fact is, and I'll say it, she's evil. And he's an anti-Semite.

Her father was a Marxist. Her pastor is a Marxist. Anti-Israel.

You know, I've said it many times, Glenn.

If you hate America, you hate Israel. If you hate Israel, you hate America. Why?

Because we share this Judeo-Christian belief system, because the Holy Land is the Holy Land for the Jews and the Christians. And what Israel is trying to do is defend itself. It was attacked by Hamas. It attacks Hamas. If it was attacked by Hezbollah, it attacks Hezbollah.

If it's attacked by Iran, it attacks Iran.

And people say, they're really under attack, on seven sides.

We're attacking on eight sides.

We're withholding weapons from them. They're running out of bombs to take on Iran. The reason why they're withholding 2,000-pound bombs isn't using those in Gaza. Because we don't want them to take out those nuclear sites.

And they need 2,000-pound bombs to do that. Just think about this.

I told the Iranians today.

That Biden and Israel, is to not hit the nuclear sites and not to hit the oil sites.

Well, those are the sites that they need to hit. In order to -- the people there, they're just waiting to rise up again.

GLENN: I know they are.

MARK: And Obama did nothing when they rose up the first time. Biden did nothing when they rose up the second time. And now they're strengthening this genocidal regime, that brutalizes its own people.

And when you're 157 million to Lebanon. Lebanon is controlled by Hezbollah. The Lebanese people hate Hezbollah. The Syrian people hate Hezbollah. Because they went in there to help Hasad retain his power there.

So think about this, Iran is taking over Iraq. Iran has destroyed Yemen. Iran and Russia controls Syria, Iran controls Lebanon.

And all our pressure is on the state of Israel.

Thirty percent of our Navy is sitting around in the Mediterranean there. Rather than tell Israel, we have your back, do what you need to do. I don't know why they're sitting there, to be perfectly honest at this point.

GLENN: I know.

All right. Mark, hang on for just one minute. I want to talk to you about what this means in the future. And also Trump and the election.

GLENN: So, Mark, I happen to believe that anything could happen between here and the election. And anything could happen after the election. I think we are a country that seems to be itching for World War III.

Do you agree with me, or not?

MARK: I don't know if we're itching for World War III. But I know other countries are. And we're not prepared for it. They've been slashing the United States military. They've been prioritizing wokism instead of preparedness.

I talked to a number of people inside. Real people, real generals, and they said, look, we don't have what we need for a two-front war. If China invades Taiwan, there's very little we can do about it. Our own inventoried weapons have been depleted significantly. Our troop levels, other than the Marines are way underneath what they're supposed to be. So if we're itching for World War III, we sure as hell are not prepared for it.

GLENN: Yeah.

MARK: I think what we have here is a leadership that is diabolical. If not evil. We have leadership that is geological. We have leadership that is incompetent and lazy.

And if you look, not just at our defense posture. But all around us.

We have a government now, that is destroying the institutions, that have been built up for hundreds of years. Our military.

Our -- our domestic police forces. Our economic system.

Our border.

We have revolution by immigration.

We have all kinds of things that are taking place, and I would argue, to empower the Democrat Party. Where the Democrat Party becomes a monopolistic party.

Every aspect of our Constitution is under attack. Separation of powers. The independence of the Supreme Court.

The electoral college. The filibuster. Which isn't in the Constitution. But protects from us factions like this current one.

They don't believe in our country. They don't believe in our Constitution. They don't believe in our people.

Which is why they're trying to -- the New York Times said, quote, unquote, tried to reshape the electorate. They don't believe in the electoral system. They don't mind us going through an electoral system as long as they win.

And so they don't believe in our military either.

So what they're doing is they're creating provocations. I would argue.

Where, Xi looks at this. Putin looks at this.

And they look at it. All the other genocidal monsters look at it and say, you know what, we pretty much can do whatever the hell we want to do.

Even in Ukraine. You and I may have a difference of opinion on this.

GLENN: That's all right.

MARK: What we're doing to Ukraine is horrendous. Is horrendous. I'll tell you why.

We don't really want Ukraine to win. So people are dying by the tens of thousands. You're getting just enough arms to put up a defense. But not enough arms to actually protect our country.

GLENN: But isn't that the way we fight wars now?

MARK: It is. And that's the way they want Israel to fight their war. And Netanyahu is saying, no damn way.

We have to take these guys out. And so you're 100 percent right. These forever wars are intentional. Are intentional.

And this thing with Ukraine and Russia, if Trump doesn't get elected, it will either be a forever war. Or Russia will wind up winning anyway. Because now they create an axis between Russia and China.

Which for half a century, we have prevented.

GLENN: I know. I know.

MARK: North Korea and Iran. It's very serious. You're right. I don't know if they're itching for World War III, but certainly the conditions exist. And it's a five alarm right now.

GLENN: Yeah. So tell me a couple of things. Because I only have a couple of minutes left with you.

The thought of the hurricane relief. What's happening on that.

What do you know, is happening on the ground

And how is this going to affect the election?

What are your just on the election?

MARK: Fiscal, thank you for what you and your group is doing. You're a great patriot, Glenn. You really are.

I'm very concerned. Because we're talking about half a million people, who have been affected in a horrendous way by this hurricane.

It just turns out. Particularly North Carolina. Yeah, it looks like 80, 90 percent Republican vote. So this is a big problem.

Turns to FEMA. I read a report that, you know, Trump and Pence before hurricanes, used to have these pre-hurricane meetings, which is what every administration has done. Kamala Harris didn't attend a single one, and now we have this massive hurricane.

It will cut right through the heart of Florida, which is also pretty much a Republican state. I see no urgency. Do you see an urgency here?

GLENN: No. No.

MARK: Nothing.

GLENN: If this were -- look what happened with George Bush and Katrina, how they just slaughtered him on that.

Here's a second hurricane. We now know that Helene is as much damage as Katrina.

Nobody is even reporting it. Really, in the mainstream media. About what's really going on in the ground.

And how things need to change.

And now you have a second one, coming in on shore, on Wednesday.

And they don't seem to be prepared.

MARK: No, and Harris announces 157 million to Lebanon.

GLENN: Yeah, I know.

MARK: What?

GLENN: I know.

MARK: And people aren't noticing, yesterday. We gave the okay for South Korea to release the $6 billion which will flow to Iran. What the hell is going on here?

It's stunning.

GLENN: It's amazing. Thank you so much, Mark. For everything that you do every day.

I appreciate it. It's an honor to work on the same network with you.

God bless you.

MARK: God bless you, brother.

FOOTAGE: Glenn Beck interviews lone FEMA crew in Asheville about Hurricane Helene relief

While he was visiting the Hurricane Helene disaster zone in Asheville, North Carolina, Glenn Beck spotted a lone FEMA truck parked OFF the main road in an area where residents couldn't easily see it. So, Glenn and Rep. Cory Mills stopped to talk with the FEMA workers and get their side of the story. They tell Glenn that they arrived in town nearly a WEEK after the hurricane, that they still didn't have all their supplies, and that victims could find where they were by listening to radio or TV broadcasts (although many victims didn't have access to TVs, radios, or even living rooms and cars). Plus, the workers seemed to have a misunderstanding about whether they would go door to door. So, did FEMA drop the ball on this mission? Watch the conversation and decide for yourself ...