How BlackRock uses YOUR MONEY to push ESG & far-left plans

BlackRock — the largest asset manager in the WORLD — lost an unprecedented 17 BILLION DOLLARS over the last 6 months. BlackRock’s losses are in part due to the overall market downturn, Vivek Ramaswamy tells Glenn. BUT the policies BlackRock continues to push, like ESG, are responsible for today's struggling market. Ramaswamy, author of ‘Nation of Victims,’ describes just how toxic ESG policies are to America, to our economy, and most recently, to energy companies and oil supplies around the WORLD. And, thanks to BlackRock, it’s only getting worse. Plus, he explains how YOUR money could be helping BlackRock push ESG and other far-left initiatives and plans…


Below is a rush transcript that may contain errors

GLENN: Vivek, my friend, how are you, sir?

VIVEK: Good to talk to you, Glenn. How are you?

GLENN: Very, very good. You are a guy, who I think -- one of the few that actually really gets ESG and the Great Reset. Believes and understands how dangerous it is, and is working to educate people, and also help us beat it. Let me -- let me start with what's happening with ESG and BlackRock.

Is -- is BlackRock's downturn in their profits, is this something that is caused by ESG? Or is this just the downturn of the market, that everybody is feeling?

VIVEK: Well, the answer to that question, Glenn, is it is both of those things. In part, because BlackRock is contributing to the downturn in the market that everyone is feeling because of ESG.

So I'll explain to you how that works. Where, this is the largest asset manager in the world, managing over $10 trillion. $10 trillion.

About half the U.S. GDP in the hands of one firm. And if you add Vanguard and State Street to the list, the top three, they manage more than the U.S. do. And what they do, they're aggregating the money of everyday citizens -- probably most people listening to this program, actually. Probably you and me included. Which, we don't know it, through our 401(k) accounts, through pension fund accounts, et cetera. And what they do, is they use that money to advocate for these ESG policies in corporate America. Climate change plans. Emissions caps. Diversity, equity, inclusion quota systems for race and gender on board, et cetera. They use our money to advocate for those principles in corporate America, that makes companies less successful. And as we've seen this year, has actually contributed to stock market declines, as well, in my opinion. And the ESG specific funds, this year, Glenn. Have underperformed the broader market as a whole. Even though the broader market as a whole, have done badly enough. And I think a big reason why the broader market has done badly. Is because of these demands of these ESG-linked asset managers. But the ESG-specific funds have done even worse. So the answer to your question, is there a downturn because of the broader market? Or is it because of the failures of ESG?

The answer is both. Because part of the reason the broader market is turning down, is exactly because of some of these toxic policies, that cause companies to focus on these social agendas.

GLENN: So let me ask you if -- because this -- I'm -- I'm not an investor guy. I really -- I mean, I should never be around money. I'm horrible at investing. However, it's -- it would be my feeling, that if you are in a place, to where oil is as scarce as it is, if we didn't have ESG, wouldn't the -- the energy market be the place to put your money, or is that just a Glenn Beck, you know, thought?

VIVEK: You know what, it's not just Glenn Beck. It's Warren Buffett, quietly starting to behave this way too, Glenn. So you might give yourself a little bit more credit, than you just did.

But actually, if you think about it, you know, this is -- the potential moment for U.S. energy to really shine, and rise to the occasion. Not just as an investment proposition. But as a proposition to meet the needs of Americans, at a time when there's a massive supply/demand imbalance, right? You remember, as recently as 2018, the U.S. was the world's largest producer of energy. How quickly things have changed now, with the U.S. president groveling in front of foreign dictators around the world, begging them to produce more oil, that the U.S. could be producing instead.

And now, I know the Biden administration is trying to walk this back. I think a lot of ESG managers like BlackRock are trying to walk this back, and say, well, we didn't really want to end fossil fuel production. Actually, he's making good on a campaign promise. In September of 2019, on the campaign trail, I'm quoting him exactly. Here's what President Biden. Then candidate Biden said, I guarantee you, we're going to end fossil fuels, end quote.

That was a campaign promise, that he's now delivering on. But he has multiple tools to deliver on it. Because normally the way constitutionally, you would deliver on that campaign projects. You would get a law passed through Congress. Well, he doesn't have the political support to do that.

American people haven't given Congress the political support to do that. Joe Manchin won't even stand in the way of doing -- won't even allow that to happen. And so what are they doing now?

They're resorting to other means, like executive action. Through the climate change emergency. We'll see -- we'll hear more about what that means. They're doing it through the private sector.

Deputizing the cronies like BlackRock, many of whose alumni, by the way, work in the Biden administration. But large private sector actors, they do favors for them, in return for those private actors, doing it through the back door, what government could not get done through the front door through Congress, the constitutionally ordained way for actually passing laws.

So he's delivering on that campaign promise, but doing it through the back door in ways that I think will make our Founding Fathers shun her, if they actually knew the way the government was -- was treating big -- private sector and using the invisible fist of government, instead of the invisible hand of the market to actually reach these outcomes.

GLENN: So one more -- one more question on -- on food now. Would food be the same thing? Because we have -- we have the ability. We have the property. The land. We have the farmers. We have the history of being the world's breadbasket. If it wasn't for ESG, wouldn't this be the time that farming would be the best kind of investment, where you would -- we would be selling our wheat and our food, all over the world. We would literally be feeding the world. If it wasn't for ESG. Am I wrong on that?

VIVEK: And at a time when there's real demand and need for it as well.

GLENN: Correct.

VIVEK: So, Glenn, these are all part of the same categories. Because energy is upstream of food production as well. Right?

It takes energy to transport food, to be able to export food, to be able to produce food, to be able to put the ingredients together. So I agree with you. I kind of look at energy as even more fundamental. Because it's upstream of nearly every other sector and nearly every other production means. But the thing for people to understand here, is that this is -- this is damage that's been done in the last few years, by the merger of public power and private power. So that's what makes it so hard to find the source. Because the one hand, Biden can say, this is not my fault. This is just the decisions of the private sector, that stop drilling for oil. That stop fracking for a natural gas. We didn't do that. There's no policy that you could point to. But, actually, the reason why they're doing it is because of the ESG movement in the private sector, that this administration, and the modern left, supports through the back door.

So that's kind of how they're able to really trick the public, through this Jiu Jitsu move, saying that, oh, this isn't the private -- this isn't us passing laws to do this. We're just seeing the private sector under investigation. Oil and gas. That's why they feel gas prices are high. When, in fact, they're responsible for causing it. And that's what people need to wake up to.

GLENN: Okay. So they are -- they are not talking to the American people about this. They're blaming the private sector. And that usually means the investors and the companies. But the investors are not necessarily a part of this. A lot of us are invested in these companies. Through our 401(k) et cetera, et cetera.

And we're not telling the companies to do this. Do the companies want to do this, or is it based just on the pressure from places like BlackRock who have a lot of those shares, because we've -- we run our money through BlackRock for our 401(k)s.

VIVEK: It's really the latter, Glenn. So the U.S. energy sector. The potential of U.S. energy to be able to supply not only America's needs, but the global needs is staggering. And this isn't just a policy failure. It's an American travesty, when those same countries have been hamstrung from being able to do their jobs. Now, most people choose -- choose (cut out). Production. This is the travesty, and then. It's the fraud of our time. When Americans are paying for $5 a gallon at the pump on the one hand. Want knowing that their own 401(k) accounts, and brokerage accounts are actually subsidizing the very ESG agenda that gives them 5-dollar gas in the first place. And I think that once people start to see that with clear eyes, the good news, is we find our way to a better way forward. To say, we're not going to let somebody else abuse my money. Abuse my savings. To be able to send messages to the U.S. energy industry, that I absolutely don't want to be delivering to the U.S. energy industry. I want them to make great products.
That's actually what I think accepting this battle looks like.

GLENN: Well, we have a ton of states now, that are looking to move their money. And, you know, all of the pension funds and everything else.

We have a lot of states that want to do that. We have a lot of people that want to do that. But I'm assuming, this is what you're working on. You -- I think you told us, last time you were on. That you were going to start something, and go right after BlackRock. And is that -- is that happening?

VIVEK: I started to strive earlier this year. Creating a firm. To compete head-on versus BlackRock. These are problems, Glenn, created in the market, that need to be solved through the market. So that's where I started to strive. And we'll take these guys. And I've learned a lot over the last few months, even. About how broken that pension fund system, at the state level really is.

And this isn't even a Republican or a Democrat issue. You know, we talk about -- you want to talk about the Deep State and the federal government. I think it exists at the state level. I think it exists at the corporate level.

These are institutionalized, bureaucratized actors. That you know BlackRock and State Street and Vanguard, they've mastered this system over the last ten to 20 years. And it's an ossified system, that in absence of everyday citizens speaking up and demanding change. You'll have a mid-level bureaucrat, who will happily sit and collect his paycheck, without wanting to be board. That's going to say, well, this is what I've done. And I'm not going to pay any more if I serve my citizens or not, so leave me alone. You know, I'm overstating the case. But only by a little bit. Which is exactly how many of these mid-level bureaucrats at the state level think, or even communicate. And I think at the end of the day, the right answer is going to come from everyday citizens demanding change. Kind of what you saw on a small scale, the school boards last year. Parents taking educational control back into their own hands, not leaving it to some sort of bureaucratized school board and saying, that it's your job to educate my children. No, they're my children. And I have a say in how do you they're educated. It's the equivalent. I think bottom-up. You know, sort of a positive revolution of sorts, that we need to see.

GLENN: Yeah.

VIVEK: To say, this is my hard-earned savings. I want to take control. Just like, it's my kids, it's my money. It's not your money. It's definitely not your money, BlackRock. That's what we're going to need to say.

GLENN: Yeah. I -- I -- I think the same thing could be said, for what we saw with Afghanistan.

I mean, just this audience, raised almost $50 million, in -- in like three weeks. To go and save and rescue people. From the Afghanistan debacle.

We flew the last plane. This was the deal we had to make with the State Department. That we could get our people out, if our first plane, that flew out, would carry our special forces. We're the ones that paid for that.

I mean, it's incredible. But it's also a great -- a great example of what a group of people can do, if they really set their mind for it.

Vivek, hang on just for one minute, I have one more question for you. But first I have to tell you about the Tuttle Twins. They have a powerful, powerful new book. It's called American history. 1215 to 1776. It is a history book. It's a storybook. It's not about the dates and the -- and the memorization of names. It's about the ideas.

Because that's what history is supposed to teach us. What idea replaced the old idea? And how did we get there? And what did we learn from it? If you learn from history, and not the names and the dates, if you learn from the story, you'll be able to apply that to our future. And that's what's missing right now. We don't know our own history. We're not teaching why fascism. How it came about. Why it happened. And how bad it was. We're not teaching -- we're teaching more that than of communism.

We're not even teaching what worked here in America. And what set us apart. The Tuttle Twins book, does it. They have an amazing deal right now. They're throwing in 200 pages of companion curriculum, and activities. An audiobook version. Videos to help the lessons from the book to come alive. It's like 250 pages itself. Your kids will love it. You will love it. I think every American home, needs to have a copy of American history. By the Tuttle Twins, in their home. You can preview a free sample of the chapter, and you can see for yourself, why it's, I think crucial to own. It's Ten-second station ID.
Vivek, earlier this week, I came back from vacation, and I -- I said, the most important story, since I've been gone, was the Sri Lanka, overthrow of the government. And kicking out of the president. Because, the World Economic Forum said, this is the motto. And there was a story up at That said, the headline was, how we're going to make Sri Lanka rich by 2025. So they implemented all of this stuff. They did everything the World Economic Forum said to do. And I talked about it, and read that story, on the air. By the time I got off the air, the World Economic Forum had taken that story off of their website.

But do you agree that Sri Lanka is the example that we should all be looking at, saying, they're the ones who did it. And look how it turned out.

VIVEK: I think it's a great example, unfortunately, Glenn, I would like to see it is the example. Unfortunately, we're seeing more and more examples by the day. Look at what's happening in Ghana. Look at what's happening in the Netherlands. Look at what's happening in the United States and Canada, at a smaller scale.

We have an energy supply shortage that we just talked about in this country. But you're right, Sri Lanka is a great example, to see what happens when these toxic philosophies are taken to their logical extent.

And, you know, I think this is a trans national issue, Glenn. It's a trans partisan issue. Goes beyond partisan boundaries, national boundaries. It is a global monarchy. And it's going to take a revolution to fight it.

GLENN: I agree. I agree. You're exactly right. Vivek, thank you so much. Be a part of that revolution. Because we're in one, whether you like it or not. And we don't need to pick up our guns. We need to inform ourselves and inform our neighbors. Knowledge, knowledge is power.


THIS Fed program is STEP #1 to losing FINANCIAL CONTROL

Apparently the Federal Reserve has been developing a new digital payment system for years now. The program, called FedNow, is set to launch in just a few months, and the Fed’s handy-dandy explainer video shows exactly how this new system will slowly begin to steal financial control from YOU. This is just laying the groundwork, Glenn explains, for an eventual Central Bank Digital Currency (CBDC) which is why, he says, we MUST stop this IN ITS TRACKS.


Below is a rush transcript that may contain errors

GLENN: I found something yesterday, interesting. It's called Fed Now.

Here's how it works, cut one.

VOICE: Today, people in businesses, expect to make and receive payments at the click of a button, any time of the day, every day of the year.

And most expect their financial and institutions to offer or support payment services, that meet the speed and convenience, they seek.

In fact, three in four businesses, and 23rd of consumers surveyed, think it's important that their bank or credit union, offer faster payments.

GLENN: Right.

VOICE: Financial institutions interested in meeting these demands can use the Federal Reserve's upcoming Fed Now service to build innovative payment offerings to help retain and attract customers, and avoid losing out to the competition.

GLENN: Holy. Wow.

VOICE: With the Fed Now service launching in 2023, the time to start preparing is now.

GLENN: Right.

VOICE: What can financial institutions do to get ready?

A bank or credit union should first get a sense of the demands and trends in the market. Let's take a look at how one financial institution might do this.

Meet Jill, the CEO of Community Bank.


VOICE: Jill keeps a close eye on community bank's customer retention rates.

GLENN: Uh-huh.

VOICE: She was surprised to see new research showing that nearly two-thirds of businesses and one-third of consumers indicated they would factor access to faster payments, into future decisions on whether to switch financial institutions.

Jill and her team looked at their own customer transactions and discovered an increasing number of customers, moving funds to alternative payment services, such as digital wallets and mobile payment apps.

GLENN: Uh-oh.

VOICE: This corresponded with a noticeable decline in customer's deposits and accounts at a community bank.

GLENN: Uh-oh.

VOICE: They knew they had to take action.

Jill and team reviewed Fed Now education pools and resources to understand how the service will work and how to prepare for it.

They also learned about instant payment use cases, including an account to account transfers, bill pay, and person to person transactions.

GLENN: Stop just a second.

So these -- the fed now -- the fed now system is taking applicants beginning next month and they're launching this July for your independence, for your freedom. For your security. For your benefit.

And so now, you can -- you can go to one of these banks. You might meet Jill. Did I introduce you to Jill, from Community Bank?

Jill's done a survey, and she found people want, you know, access to their money, quickly.

STU: Two-thirds of consumers believe their money should be available at the bank, that they go. Good poll!

GLENN: Okay. So what is Jill doing?

Jill is going to the fed, and saying, can we have your non-block chain system? And have it so we can give everybody a credit card or a bank card, and it -- it won't say fed now on it, but it will be the engine of fed now. Where they just swipe their card. And instantaneously, they can buy something.

STU: What? What kind of futuristic world is this?

GLENN: It's a crazy futuristic world, flying cars. What's next!

But it will be faster.

Because see, right now, like if you go to a bank and you need to transfer funds, you have to go to the bank and say, hey, I need to transfer these from one account to another.

And then they're like, oh, okay. Account number? And they write it down. Okay. And you want to transfer it, where? All right. Sign this. Okay. Then they do this really old archaic thing. They go, okay. Done.

Hello! It's the year 2023. We can't wait that long. No. We need something faster. And we want it to go through the fed every time we make a purchase of something.

STU: What could possibly go wrong with this system?

GLENN: Well, they want you to know, this is an alternative for a fed coin. Yeah.

STU: Hmm.

GLENN: Yeah. They're saying. No. We want you to know, clearly, this is not to introduce center bank digital currency, a CBDC. No, no, no. This is an alternative to that.

When are you --

STU: That doesn't sound like much of an alternative. That sounds like much of the same thing.

GLENN: Well, no. You will have a bank card instead. You will have your local bank doing it.

STU: It looks like one thing. But it is another. Also, Jill is a man. That's how the video ends.

We didn't get to that part. That's how it ends. You find out Jill, the CEO of Community Bank is a dude.

GLENN: Wow. So did anybody hear about the quote, much anticipated, and -- and heralded new Fed Now system?

Have you been waiting? Because I didn't even know about it. In fact, I thought all of this was a conspiracy.

STU: No. The video was from 2021.

It's almost like there was something behind this the whole time.

GLENN: Really?

Isn't it weird that it's like, hey, everybody. We're going to do this in April.

And banks, if you're having a liquidity problem, your answer is just over the horizon.

With fed now.


What a coincidence.

But remember, this is nothing to do with the fed coin.

Because that would track every dime that you spend. Oh, and some other things, that you should probably be aware of.

I'll tell you about that, in 60 seconds. How do people have faith in socialism?

It's failed over and over and over again.

You know why? You know why it's failed?

Wrong people. No. It's not that it's a horrible idea. And goes against human nature itself. And so it always ends in bloodshed. No. It always ends in bloodshed. Because they didn't do it right. But this time, it will be different.

Now, how do you get people to do that? Take over education. Yeah. And they've done that.

What are your kids learning? I would like to ask you to turn to the Tuttle Twins to help fight back, and teach your kids about personal responsibility. Free markets. Entrepreneurship. Limited government.

By the way, do you know who we have on today? You want to talk about personal responsibility and entrepreneurship? The guy who started Home Depot is on with us today.

He is fantastic. Anyway, the Tuttle Twins will teach your kids all of these things. The left despises these. Because, I mean, they would be good.

But it was just the wrong people writing it this time.

Maybe they can rewrite it, like Charlie and the Chocolate Factory.

The Tuttle Twins would like to offer you a free DVD with some of the episodes of their cartoons. They now have really great cartoons.

And their books. All you have to do is order a set of their kids books at This week only, You get a free DVD with the episodes of their cartoons when you order the books. That's this week only. Ten-second station ID.
Okay. Next hour, we're going to get into this, and show you will exactly what needs to be done. And what is really happening. But we've been telling you about the uniform commercial code. Kids are running -- wait, Dad, is he talking about the UCC again? Turn it up.

I know. It's so exciting.

But the uniform commercial code is the UCC, is something that we used to just make everything compliant with each other. Easy to do.

Business with each other. And they changed it from time to time.

But they've just made a major change, regarding CBDC. It's changing the definition of money to include the fed coin, which definitely is not happening. It's just Fed Now. Which is an alternative. Anyway, it's really important that you stop this dead in its tracks.

However, we have been talking to some attorneys and everything else.

And there's -- there's more to this, than met the eye. When you put money into a bank, you're taking real physical cash that you possess. Or can possess.

And you're giving that over to the bank as a deposit.

When you do that, you give the bank control of that money.

So as soon as you give the money to the bank, you're really no longer the owner of that money.

The bank has that money. You become a liability. Somebody they have to pay back. That's the way the law is written.

The bank owns the money. And you're still entitled to get the money back of course. And to use the deposit account to cover expenses.

But you're no longer the owner of the money. This is why the bank has the right to lend the money to somebody else, without checking with you first. If you want to take the money out of the bank account, you take ownership again. You're like, I don't like you, Mr. Banker. I will go see, Jill, at community -- was it Jill? The guy at community.

STU: Jill. Jill at Community Bank.

GLENN: Community Bank. You take your deposit out. You take it in cash. You walk away and go over to see Jill. Hey, Jill.

STU: Formerly Jim.

GLENN: You want to open up an account with us?

Okay. Here's the problem. With central bank digital currency, there is no physical cash.

There's -- even with Bitcoin, you can take it on a thumb drive, and you stick it in your pocket.

Or you can move it from one ramp to the other.

STU: Just memorize your seat phrase. That's all -- you can do a bunch of different things.

GLENN: Good. But it's yours.

But CBDC is electronic, and it's only in Fed Now. It's only in the Federal Reserve System.

So let's see --

STU: Is that a Fed Now in your pocket, Jill, or are you just happy to see me?

GLENN: Theoretically, a digital currency could be designed, so you could download it on a hard drive, store it on a private digital wallet or something. But that's what Fed Now is getting rid of.

So there's no chance that CBDC is going to be designed this way. That means your deposits. Once you deposit them in the bank with the fed, that makes the deposits not money. Therefore, you don't own it. The institution controlling the platform. Either the private banks or the fed would own it. You would own no money. It would be the people who control the platforms. Oh, you mean like you'll own nothing, you'll have no privacy, and you'll love it?

Well, yes. Two of those three things are true.


Home Depot co-founder and former CEO blasts Biden: My company couldn't have started under this administration

Glenn recently talked with Home Depot's co-founder and former CEO Bernie Marcus. Marcus came into the news after accusing Silicon Valley Bank of devoting more time and energy to "woke" projects rather than carrying out proper risk assessment, which led to the bank's recent collapse.

Marcus joined Glenn to discuss America's current business climate. Is the Silicon Valley Bank's collapse indicative of a larger economic issue? Marcus said he wouldn't have been able to start Home Depot in today's current climate with high taxes and regulations. Moreover, he took aim at Biden himself, claiming Biden's current policies and tax hikes could potentially wipe out half of America's small businesses. In this clip, Glenn asks Marcus pointedly: "Could you start Home Depot today?"

Marcus answers:

I don't think so, Glenn. And I think the reason is, they have so many obstacles, for small businesses. We [Home Depot] were a small business. ...

And we never had the [...] regulations that they have today. And what he is trying to do. I'm talking about Biden now and the Democratic Congress. They want to pass laws that raise taxes that will knock out half the American—or half the small businesses in America.

To listen to the full radio broadcast, click HERE.


War & civil unrest: What could happen if the BANKS COLLAPSE

Glenn doesn’t believe America’s recent banking crisis is the big one he’s been warning about…but that one still may be just around the corner. And the numbers he shares in this clip at least show that the big banks aren’t looking good. So, what’s next? In this clip, Glenn details several scenarios — like war and massive, civil unrest — that could occur if and when the banks collapse. He explains why bank failures could lead to a central bank digital coin and also why you MUST not panic: ‘Panic makes this whole thing happen…


Below is a rush transcript that may contain errors

GLENN: If you're a long-time listener of this program, you know I'm always concerned with the financial crisis. It stems back to 2008, which I thought at the time, back in 2006 and '7, I was telling you, this is a big one. Could cause depression. What I didn't foresee, was that the federal government, what was it that George Bush said? Violate the free market system to save the free market system. Instead, we did not save the free market system. What we did was make the problem bigger. At the time, in 2008, our banks were too big. Too big to fail. We have to break these big banks up.

Well, nobody did that in 2008. In fact, the opposite happened. They got bigger. And now well, what's happening?

They're bailing the bigger banks out. Making the big banks bigger. Credit Suisse just rolled into a big bank. This is what will happen. We will end up with four banks. And then we will end up with the fed.

And by violating the free market, everything went off the rails. Last week, banks borrowed a combined $164.8 billion, from two Federal Reserve backstop facilities.

And so you know, data published by the fed showed 152.85 billion in borrowing from the discount window.

Then, they did a record high from 4.85 billion, the previous week. So they went from 5 billion to 152 billion, in a week.

The prior all-time high was in 2008. And that's when the banks got together, and they borrowed $111 million. That was at the height of the financial crisis.

Remember, we're not in a financial crisis. We had a little bump in the road. Everything is fine. They borrowed 152 million.

So what? 41 billion more, than they did in 2008.

STU: To be fair, with inflation, that number is 94 trillion today.

GLENN: The data also showed, 11.9 billion in borrowing from the new emergency backstop known as the bank term funding program, which was launched last week.

Other credit extensions totaled 142.8 billion dollars.

So you got all that. You got all that happening, in the background of everybody telling you, that it is fine.

I want you to know, if you're a long-time listener, you know that I freak out about these things.

I said last week, I don't think this is it. But it will look a lot like this, when it does come.

And I want to spend just a couple of minutes here, talking to you about what is coming eventually.

I -- I could be wrong, this could be it.

I don't think it is. But I am growing more cautious by seeing what's happening behind the scenes.

Lots of planes. Lots of planes flew in to see Warren Buffett over the weekend, after Warren Buffett had a phone call with Joe Biden about the banking system, all these people, we don't know who they are, we think they went and met with Warren Buffett. We don't know. But what I do know, is in 2008, we were trying to stop a depression. Remember? They said, the entire banking system was about to collapse. And it would have put us in a depression. There's $23 trillion in the US banking system today. And everything is interconnected.

The contagion, meaning one bank falls, and then it's dominoes. It goes across the water. And it will collapse everything, unless you're disconnected.

Hello, Russia. Unless you're disconnected from that banking system. The banks were saved in 2008.

But just that crisis, with them being saved, we had unemployment at nearly 11 percent.

We are now looking at a bigger problem, if it fails.

We're looking first at our big local and regional banks.

The government will have to bail them out. By the way, do not take your money out of those banks.

You will be FDIC-insured. If you're a business, check with the bank. But don't take your money out because that will collapse the system.

They provide 60 percent of all of our commercial loans.

If the small banks collapse, 60 percent of all of our loans, and our businesses collapse.

Be very, very bad.

We are not looking at a depression situation. We are looking at a complete collapse of the West if this happens. You'll have social unrest. But I think you're already. I mean, the government is assuming this up already.

It will happen not only here. But all over the western world.

That will cause a further breakdown of supply chains. If you lose 60 percent of your business funding, for your businesses and your country, what does that mean?

It means, you will have lots of people, without jobs, they're not making things.

Which then what happens?

You have the supply chain, you first need to worry about medicine and food.

Because that will be of a real concern. But if businesses lose their Capitol. They lose their ability to produce products and services. They lose their ability to employ. People lose their jobs.

That would make for worse inflation. Maybe hyperinflation. Because the federal government will bail everybody out. And all of that money. Will be circulating. And fewer goods, if the global economy were to collapse. Fewer goods would be coming in. So the price of those goods would go to hyperinflation. The issue is that the middle class. The working class. The poorer class. They're the ones who will bear the brunt of most of this.

Last time, around from 2007 to 2011, 5.7 million people, had their houses foreclosed, or short sale.

We are looking at a possible and it -- I really, truly believe this will happen before 2025, so you need to mentally prepare. This is a completely different world, if this happens.

And if it happens, it will happen quickly. We are headed towards a currency reset.

If it's a -- if it is a cryptocurrency, if it is a central bank digital coin. CBDC, we're going to get bargaining.

And here's what's going to happen. The government will step in, this is too big for anybody else to handle. We'll handle it with the fed. We're resetting the currency.

It's going to be a digital dollar. You will be in the fed.

Every American has an account now with the fed.

We will give you more than what your dollar is worth right now. For the first, I don't know, eight weeks.

Your dollar will be worth a dollar 25. So get your digital currency now.

And in six weeks, it will be worth a buck. And six weeks after that, it will worth 75 cents. Eventually, it will be worth nothing. And it will force everybody into a digital currency. Which will ultimately control absolutely everything you do, and a lower standard of life.

But a lot of people will be happy. Because there's some enormous. It also would mean that most likely, a war. All of these things are -- are beyond possible right now.

The financial and the reset to a digital currency is not just possible. It is probable.

The war. I don't know. What would you say, Stu? Probable? Or just still possible?

STU: Probable?

GLENN: Yeah, I think so too.

Probable. So you have to get yourself in a different mindset. Please.

I told my wife. And I'll tell you, because I want to tell you, what I would tell my own family.

We have to go shopping tonight. You know, we have our emergency food. But if this happens, you'll have a breakdown worse than COVID.

You won't be getting the money. The money will start to inflate quickly. Prices will spiral out of control.

And when you have -- especially in some areas, when you have a breakdown of trucking. Or supply chains. You will have a hard time getting things.

So I would just recommend, do not hoard, but grab some extra things, and have them ready.

This may not be the time. But I like to sleep at night.

Take care of your family, and do the right things. Do not panic.

Panic makes this whole thing happen. So do not panic.


Glenn: Do this TODAY to help stop possible Trump arrest

They’ve got the man. And now, the far-left is just trying to find the crime that will put him behind bars — and away from their political power — forever. It’s un-American, Glenn says, but thankfully YOU can help. Now may not be the time to march in the streets, but there is another way you can peacefully protest what the far-left is currently doing to our rule of law. And it’s simple: ‘Burn up those phone lines,’ Glenn says. ‘[Call] as many GOP representatives as you can possibly dial.’