RADIOMarch 13, 2023

Glenn explains: THIS is how Silicon Valley Bank COLLAPSED

Silicon Valley Bank was shut down by regulators last week, marking the biggest bank failure since the 2008 collapse. So what happened? And what does this mean for YOUR finances? In this clip, Glenn explains exactly how SVG collapsed, why the Fed is to blame, and why working with a FDIC insured institution is IMPERATIVE.

Transcript

Below is a rush transcript that may contain errors

GLENN: Here's what happened. A couple of things. First of all, we're raising rates.

We had the COVID money coming in, right? To have

And you just heard there, all this COVID money. Well, they wanted to invest it. They needed to put it in some place. And invest it.

Silicon Valley. They had so much money coming in from COVID.

And so what did they do?

They bought treasuries. And at the time, you could buy a ten-year treasury, and you would get 2 percent interest. Guaranteed, at the end of ten years.

That was pretty good back then.

But now, treasuries are selling for about 5 percent interest.

And you don't get that, until the end of the ten years.

So when I buy something, a ten-year treasury, you're buying it for ten years.

If you have only eight years on it, you can sell it, but you're going to probably have to sell it at a discount if the new ones are paying more. So they invested the -- the money in treasuries, at 2 percent.

Just let's remember that. What they had in the bank, if you will -- they owed $195 billion. That's to the people who have put their money into checking accounts and savings accounts, mutual funds. They owed $195 billion. They had 208 billion, on the books.

That's a 17 billion-dollar -- when you have people all over the world starting to say, I think the bank is starting to collapse. They start to take their money. $17 billion can go that fast.

There was a clog in the system, that couldn't get the money wired out fast enough.

So they decided, they needed to sell. And then they announced, we're going to sell some Treasuries.

Well, once they saw that they were selling ten-year bonds, at 2 percent interest, and the market was saying, well, that's only worth 75 cents on the dollar in you.

And Silicon Valley bank was like taking it. They knew, this is a fire sale.

This bank is in trouble. That's what started all of the run on the bank. Now, you probably have FDIC insurance.

If you have FDIC insurance, it's to stop runs on the bank. However, Silicon Valley bank is different. It's very different.

I think it's 88 percent of their accounts, are not covered by FDIC. Why?

Because they're giant companies that are using payroll and keeping their money in the bank, as -- as the place where they can run their company.

So they -- they have more than 250,000 dollars in account. If they also, use the bank for a mutual fund, they found out Friday, they were also screwed.

See, this bank, loans money to these companies. These tech companies.

And they loan them out, venture capital.

And so they loan them the money to operate, and to be able to do everything they can, over the next year.

Well, they've got to put that money somewhere.

So the bank loans it out.

It's basically the depositor's money.

They loan that savings account of yours, per se.

And loan it to this venture capital firm.

Or, or -- the tech startup. And the tech startup then says, where do I put all this money?

And Silicon Valley bank says, oh, just in my other hand. Just give me my money back, and we'll invest it in mutual funds for you. We'll invest it in very safe things like BlackRock. So they did. And the tech companies thought they were safe.

Because it's invested in very secure places like BlackRock.

Except, what the bank didn't say, except in fine print. Is that all the money that you had invested, in BlackRock, was not yours anymore.

It was -- it was under the name Silicon Valley bank.

So when people started to call and say, hey, BlackRock, my money is safe. They said, you don't have any money.

Your money is invested in Silicon Valley bank. And because their name is on it, they're counting that as an asset. And now that asset as has to go to pay creditors.

So they lost their money. This is a giant shell game.

We have created nothing, but a shell game.

And the fed is the one that is causing this collapse, by the raising of the rates. But if you don't raise the rates, what happens?

Inflation goes out of control!

Why?

Because we have printed and loaned too much money out.

Okay. We'll pull it back in.

Well, the way you pull it back in, is raising interest rates. If you raise the interest rates, bonds have to pay a higher yield, and so when you buy a bond, you get more money back. And if somebody gets into trouble, they have to sell their bonds, exactly like Silicon Valley. And they have to take a hair cut. And then the entire thing collapses.

But here's the scariest thing.

This is what the fed has set out to do.

They want to see risky things, go away.

They want to see failure.

They need to people who are not stable to go out of business. Stop spending money. So we can suck all that money back in. But when they do collapse it. And our economy is in this kind of shape. You then have a domino effect, because nobody is in great shape.

And thing banks are playing a giant game.

So then people can't pay the paycheck. And then that paycheck falls -- causes you to default on your auto loan. Or your house loan.

And that makes another bank fail.

We're at the place, I told you in 2008. We would be. We have made the 2008 problem much bigger, and there's no way out.

Once you start printing money, there's no way out.

And what did we do?

Well, the fed said, we're not doing TARP. No, no, no. We have something entirely different. It's got a different name and everything. But we're going to cover all of those accounts.

Oh. Oh, okay.

So we're backing -- we're backing that now.

Yeah. But it's not your money. It's not your money. It's the fed's money.

It's the fed's money? Yeah. It's the money that the banks gave to us, to put aside for insurance in case something like this happened. Oh.

Where -- where did the banks get that money? Well, I don't know. Doing business.

Well, I mean, aren't these the banks you bailed out?

Well, yeah. And weren't you just giving them trillions of dollars is if

Well, yeah. Of course, we did. But they were paying in to this account.

Oh, okay. So the money you printed, that I'm on the hook for, you think to the bank, but they didn't use any of that money for that insurance?

No!

No. This is totally different.

Okay.

So now they're going to be protected, and I don't have an answer for you. Today.

Because all of the answers are bad answers. Should we back that?

No. No.

The constitutionalist, capitalist in me, says that's really bad.

Okay. So we don't back it. Well, no. No.

Because the guy who would like to see the entire western world not burn down to the ground, would like you to bail it out, just to give us some more time.

But that puts us right back where we were.

So I don't have -- I prayed hard today. What do I tell people?

Work on your spiritual health.

Because this is coming. At some point. It's coming. It has to. It has to. Now, the Washington Post said today, that the baggage's death marks both a sobering and salutary moment here.

The central bank has sharply increased interest rates over the past year, hoping higher borrowing costs would slow the economy down, and take the steam out of high inflation.

This is what the fed wants to see. They want to see a tightening of the financial conditions.

Great! They're on it. The Washington Post. With $209 billion in assets, the bank was just 118th the size of JP Morgan Chase. The nation's largest. Still Wall Street Journal was rattled by their abrupt end.

Bank of America was down nearly 12 percent in the past five trading sessions. They're down another five or about four and a half percent today.

Some banks are down as much as 10 percent today, before trading even started. The banks that served the riskiest part of the country and the economy, are the ones in trouble. Now, this is the Washington Post. I want you to listen to this.

Banks like SVB and Silvergate Capital, a San Diego-based bank that catered to cryptocurrency users, are the ones that are getting into trouble.

Oh. It's not a run -- it's not a run on the business model of the bank, it's -- it's not -- I'm sorry. It's not a run on the business model of the banking industry, in general, it's just the business model of this bank. So, in other words, if you are making risky loans, to -- to tech, or if you're investing and doing anything at all with cryptocurrency.

You're the problem. Hmm. That's interesting.

I'm going to tie some of this together here. We have a lot to go over, in just a second.

Sadly, it probably comes as no surprise, that anyone after the overturning of Roe vs. Wade. Abortion is still the number one killer among infants. We're still killing nearly a million of our own children, every single year.

And that is still here, in the United States.

I asked you, by the way, if you had had an abortion. You knew somebody that did. And they regret it.

Or you're F you're a child. That somebody tried. Mom tried to end your life. And you lived. Or she changed your mind. Will you write me a letter, and tell me your story?

I have something coming. That I'm working on.

And I will keep your name out of it.

You can use an assumed name. We just need your phone number, so that we can call and verify that you're an actual person. But all the details are at GlennBeck.com.

But we are fighting the good fight. I don't think there is anything we could do that would be more important than standing up and stopping the slaughter of our children.

For $140, you can introduce moms to their babies on an ultrasound. And help rescue five babies. When you do, you will see five stories, and five ultrasound pictures of babies saved. Preborn's goal this year is to rescue 80,000 babies, just from this audience. That's our goal.

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Ten-second station ID.
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Okay. So here's something you probably didn't know: The New York Times is reporting today, that good thing this bank has been saved. Silicon Valley Bank was in many ways, a climate bank. When you have the majority of the market banking through one institution, there will be a lot of collateral damage. Community solar projects appeared to be especially hard hit. Silicon Valley banks said, it led or participated in 62 percent of financing deals for community solar projects. Their smaller scale solar projects also serve lower income residential areas. Don't worry. Don't worry. The fed is covering all of this.

The devastation comes at a critical moment.

It is central to cut the greenhouse gases that are dangerously heating the planet, says the New York Times.

The federal government depends on climate technically companies to develop the innovations needed.

This is going to set the climate change industry down and set them back, for years.

Hmm. Gee. Well, good thing we're not drilling for oil. Good thing we're getting rid of all of our backup power plants, isn't it?

Home Depot cofounder said, the global lending firm, Silicon Valley bank, went broke because it was woke.

Now, the rising interest rates are really -- really why. But if you want to look at their business model, these guys are woke activists. He said, instead of protecting the shareholders and their employees, they're more concerned about the social policies.

As recently as this month just days before it went into receivership with the FDIC, the Silicon Valley bank discussed decarbonization, gay rights, the black venture ecosystem. And so much more.

Well, they were woke. Good thing.

Good thing. By the way, they were purchased this morning. By a British bank. Because Great Britain was worried about their tech industry. As SVB, funded a lot of their stuff too.

So that's good news

THE GLENN BECK PODCAST

Max Lucado & Glenn Beck: Finding unity in faith

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

Watch Glenn Beck's FULL Interview with Max Lucado HERE

Confronting evil: Bill O'Reilly's insight on Charlie Kirk's enduring legacy

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

Transcript

Below is a rush transcript that may contain errors

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

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

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

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

BILL: Family okay? All of that?

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

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

GLENN: It is.

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

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

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

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

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

Ultra dangerous.

And a few hours later, Charlie Kirk is assassinated.

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

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

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

People create around their own lives.

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

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

He decided that he wanted to do that.

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

GLENN: Yes, he was.

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

That's what Charlie Kirk did.

And he lost his life.

By doing it!

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

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

But it really isn't.

And this is the ongoing story.

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

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

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

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

GLENN: He is.

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

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

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

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

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

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

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

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

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

And then you have the big Jesus revolution after that.

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

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

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

And you're never going to get them back.

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

Let's run it down.

The corporate media is finished.

In America. It's over.

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

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

And the hate is the key word.

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

I will do it GE today. With major Garrett.

GLENN: Wow.

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

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

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

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

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

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

Let me ask you about --

BILL: When am I wrong?

When am I wrong?

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

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

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

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

GLENN: Yeah, okay.

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

BILL: Yeah.

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

So --

GLENN: You think that they could.

BILL: 60 Minutes used to be the gold standard.

GLENN: Uh-huh.

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

GLENN: I don't either.

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

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

They never, ever watched network television.

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

GLENN: Yeah. Yeah.

They don't watch --

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

GLENN: Yeah. Right.

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

Same voices, with huge followings.

Huge!

All right?

We couldn't get on there.

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

GLENN: I know.

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

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

BILL: Yes, it was his defiance.

GLENN: Yes.

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

GLENN: Yes. Yes.

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

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

GLENN: Why?

BILL: Because Putin would use nuclear weapon.

He wouldn't. He's a psychopath.

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

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

GLENN: I'll be there. What time?

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

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

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

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

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

GLENN: Yeah.

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

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

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

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

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

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

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

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

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

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

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

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

Should people CELEBRATING Charlie Kirk’s death be fired?

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

Transcript

Below is a rush transcript that may contain errors

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

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

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

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

Is every -- is every speech controversy the same?

The answer to that is clearly no.

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

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

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

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

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

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

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

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

No! They're not.

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

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

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

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

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

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

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

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

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

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

Now, compare that to France in 1793.

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

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

Washington -- no. It wasn't.

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

They wanted blood. They wanted heads to roll.

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

Then they turned around on that one pretty quickly.

Think of Rome.

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

The mob started cheering assassinations.

They rejoiced that enemies were slaughtered.

They were being fed to the lions.

And the republic fell into empire.

And liberty was lost!

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

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

Yes! Yes, it is.

Because that is speech this pursuit of truth.

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

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

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

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

Or that woman.

I know, that's not an enlightening mind.

Somebody who delights in political murder.

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

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

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

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

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

And I believe we still have a moral compass.

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

Neither one of them should go to jail.

Neither should be silenced by the state.

But does trust survive both?

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

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

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

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

Yes.

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

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

Except here. I think it is easy.

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

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

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

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

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

You know, our Founders gave us liberty.

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

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

Liberty without virtue is suicide!

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

Which do you want to defend?

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

Which one?

Shocking train video: Passengers wait while woman bleeds out

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

Transcript

Below is a rush transcript that may contain errors

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

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

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

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

GLENN: Yeah, they are.

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

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

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

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

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

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

But she might do it anyway.

GLENN: How pathetic, but how true.

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

GLENN: Uh-huh.

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

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

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

Unfortunately.

But would I want her to step in?

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

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

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

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

Hmm. No.

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

Yeah.

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

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

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

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

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

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

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

GLENN: Yeah. And tried to give her CPR.

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

Do you know off the top of your head?

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

STU: Yeah.

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

STU: Right.

GLENN: In reality.

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

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

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

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

Maybe I'm -- I hope --

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

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

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

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

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

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

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

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

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

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

STU: Yeah. I mean --

JASON: They did not respond.

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

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

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

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

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

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

GLENN: Yeah. Well --

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

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

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

In that situation.