YouTube was designed to empower the people. It gave anybody at home with a camera the ability to share content, to share their opinions, and to share their voice with the world. But YouTube has quickly morphed from a content platform into a propaganda arm for the Left. The Chief Product Officer said in an interview recently that ordinary YouTubers who share their views on the news cannot provide enough context, and therefore they must remove or reduce views of videos that aren't what they deem "authoritative." Well then, when it comes to sharing views on coronavirus, why were two ER DOCTORS who have treated 5000 PATIENTS but oppose state-wide lockdowns taken off YouTube? How is Google -- or CNN for that matter -- MORE AUTHORITATIVE THAN THAT?!
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EXPLAINED: A possible banking CRISIS & what YOU should do
Weiss Ratings rates banks, stocks, bonds, and cryptocurrencies daily, closely monitoring the movements that happen within each sector. And they’re GOOD at it. In fact, of the 539 banks that have failed since 2009, they’ve given prior notice about 535 of them. Dallas Brown, a Weiss Ratings Publisher, joins Glenn to discuss which of today’s banks currently are facing possibly failure or crisis. Should Americans be concerned about our nation’s big banks, or is it only smaller ones and credit unions facing trouble? Plus, what should YOU do if your bank is at risk…? Listen to this clip to find out why you should NOT panic about today’s uncertain banking situation…
Below is a rush transcript that may contain errors
GLENN: All right. Welcome to the program, Dallas Brown. How are you?
DALLAS: Hey, Glenn how are you doing?
GLENN: I'm good. I'm good. So I don't know if you know much about me, but I tend to think, that we are running a shell game with our banks and our federal reserve and central bank and our Treasury.
And I think we've done such damage to our banks.
And they are just printing money to keep everything looking like it's okay.
I saw your -- so that's my point of view, so you know where I'm coming from.
And I want you to correct me, you know, and enlighten me, if you have anything better to say.
I have not heard of Weiss Ratings before. But I know you guys have been around for about 50 years. And in the last bank crash, I think you guys were the ones leading the way saying, trouble. Isn't that correct?
DALLAS: Yeah. But let me just jump in and tell you who liked this and what we've been doing. So this analysis we did isn't something that we just did one time. We rate banks and many assets. Stocks, insurance companies. Bonds.
And crypto. Daily.
And so we see the movement that happened, based on the liquidity of banks. Capitalization. Stability. And so we're very vigilant. Our analysts are very vigilant about this. And so Weiss has been doing this. They started rating banks in 1971.
DALLAS: So Martin Weiss is the founder. And his father, actually back in 1930, his name is Irving Weiss.
He predicted the failure of the bank of the United States.
And so that's where the catalyst of this came. So in 1971. He got together with his son. He started rating banks for safety for consumers. And so we rate every bank.
And so it's not just banks. It's also credit unions. So in 2008, you know, we -- we named in advance warning all the major banks that failed during that financial crisis.
GLENN: I mean, you were -- I think the only guys that said, Bear Stearns and Lehman Brothers are going.
DALLAS: Yeah. Yeah. So it was weeks before Bear Stearns, and it was like 100-some-odd days before Lehman Brothers. They're gone. It's an end game with them.
But since 2008, there have been 539 bank failures.
And we have given advanced warning on 535 bills.
And some of the other ones --
GLENN: Jeez. Okay.
DALLAS: So this isn't something we take lightly here. It's important -- it's important for consumers. But we kind of agree with you.
It's not the bank's fault 100 percent. It is the government. It is the government forcing them, to push this money out. Not letting the free market play a key role in regulating the banks.
DALLAS: And they just keep stepping in to protect banks. Protect them from the market.
Created this monster that will be tough to fix or save.
And it's only really benefiting, at least at this point, the big banks. Everything keeps getting folded into these banks, that we said were too big to fail. And so we have to make them smaller back in 2008.
They are just getting bigger and bigger and bigger. I mean, it feels like we're going to end up with, well, just a Bank of America.
DALLAS: Well, hopefully that doesn't happen. Because that's not good for anybody in our country at all.
DALLAS: I was talking with a president. Of a regional bank, not too long ago.
And he was talking about a nationalized bank, and I was just like, why? Why are you talking about this?
This is not something that we -- we are discussing -- we need the privatization --
GLENN: Correct. So go ahead.
DALLAS: So this is what we found. This is what we found.
Basically, what's happening, because of how quickly they raised interest rates. Right?
There's a lot of banks that are holding bonds.
And when someone comes and does a bank run. Or we have a lot of people taking out deposits. Especially ones that have high uninsured amounts. So that's people that have over 250.
The banks are having a crisis. And if they don't have the liquidity. Or they don't have the cash to cover those. Like a typical bank run. They have to sell their abandons. And on their balance sheet, the bonds are marked, or held to maturity.
And so they have them marked, as if they were going to sell them in ten years. In 20 years. In 30 years.
But then they have to take them now. And they take a loss. And so after that, if the money that they're taking exceeds the capital, for the bank. Then somebody has to step in and save them.
We only have two options. Either we bail out regional banks. If this starts happening.
Or we sell them to the bigger banks. And we lessen the free market.
GLENN: Okay. So this is what I read, what, a week or so ago.
1210 institutions. That's banks, and what do you call them?
That's 12.8 percent of our banking system. Got a red warning flag, signaling risk of imminent failure.
Three thousand received a yellow warning flag, indicating risk of failure in a financial crisis, or recession.
And 45 banks, 45 percent of all banks, and credit unions, were deemed vulnerable.
Well, if the 12.8 go down, then you have a financial crisis, or recession. And that just triggers the other three thousand, does it not?
DALLAS: So a lot of these banks are teetering, right?
They're getting loans from other banks. They're selling their assets, to be able to cover, if any type of run happens.
So what we're saying is, there are -- 12 percent, or 1210 institutions are at a point, where anybody decided to pull money out. Or we had some sort of small panic. They're not surviving. It's not happening.
And that is a lot to do with the fact that they don't have the liquidity, based on the short-term and long-term demands.
So when we rate banks, we have five different ratings. And there's 154 data points, we look at, within that rating.
And then we compare them to the stability across all of our data on those banks. And so we compare 6,000 data points to figure out what is the stability of this bank. And we rate every bank, A through E. Okay?
And so A and B are more stable. C is vulnerable.
That's the yellow flag, right? And D and E are the red flag. But there is -- there is quite a bit, even in that yellow flag. That if we hit a recession, or we come into a new financial crisis, they do not have the liquidity or the cash on hand.
To be able to survive.
GLENN: So what does that mean to the average person?
I've been telling people, don't pull your money out of a bank.
Unless, I think you're foolish for putting more than $250,000 in a bank -- a bank account, especially if you're an individual making business, I understand.
But you put -- you're going to get your money back. Now, how much your money is worth in the end, is another story.
But don't pull your money out. Because you will get that money if it fails. Right?
We don't -- first off, we don't want to cause panic. Right? That's why the FDIC. Who understood that a lot of problems with these recent bank failures, they had a lot of uninsured accounts. Right?
They were over the 250,000 dollar limit.
But the first thing is, don't hedge your bets.
Don't think that the FDIC has the Capitol to cover everybody, because they don't.
Right? When they came out and said, we will cover all accounts. I'll give you 250,000.
That just -- they're just paying lip service. That's exactly what they're doing.
GLENN: Well, I think they'll print the money. That's why I say, I wonder how much it will be worth in the end. They'll just print it.
DALLAS: So it's not the FDIC that will bail them out. It will be the US Treasury that will bail them out.
DALLAS: So the first thing I would do is never have 250,000 dollars.
DALLAS: Spread them out.
Because each county is actually insured. So you can have one in one and one in the other. And have a total of $500,000.
GLENN: In the same bank?
DALLAS: Yeah, as long as they're in separate accounts, it's the accounts themselves that are insured.
So when you say, signaling a risk of imminent failure, that means if something happens.
Or -- I mean, imminent failure usually is like DEFCON 1. A war has started.
DALLAS: So everybody -- anybody that is on -- listening right now. Can go to Weissratings.com. And see what their bank is rated. They don't have to do anything.
There is a search at the top. You get all the information.
You don't have to pay for it.
We do this. Just because we care about the everyday person.
And so you can go right now, and see what your bank is rated.
If your bank is rated red, there's a possibility, and I'm not going to say it's happening.
But if it's rated a D or an E.
There's a possibility, that even without a crisis, they could go under.
STU: So what do you do if you're in one of those banks?
Because I don't want people to panic or freak out, but I want them to be safe.
So what do you do if you're in one of those banks?
DALLAS: So right now, it's not an issue.
We do not have an issue. So we're not panicking. Nobody needs to panic. Nobody needs to go take their money out.
They need to be careful, right?
They need to see where their money is. See why -- because you can see right there, why the institution is -- and if it's a profit problem.
If it's a stability issue.
A lot of these -- a lot of these are really small banks. Right?
DALLAS: And so what they need to do, is they're going to be covered.
Everything is covered. Credit unions are covered.
Banks are covered under the FDIC.
And if you're in one of these small banks. You're just going to be pushed into. Like we saw with the other banks failures that will happen.
Into the other banks that advice your assets.
Or it's taken over, until they can take them off the accounts.
So it's going to be seamless for them.
But, you know, it's -- it's -- we have them there.
Just so when people are looking to get into banks. Or looking to not have to deal with this. They know.
STU: They know.
Let me take a break. I want to ask you about Bitcoin.
I want to ask you about insurance.
But I also want to ask you about the bank big banks. Are any of the big banks in trouble? We'll go there in 60 seconds.
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It's great. Anyway, Car Shield has affordable protection plans. If you would like to keep your car running.
Yeah. It will have breakdowns. That old engine. Yeah, it's going to have breakdowns. But if it's not a computer chip, it may not break the bank.
But those things that are computer chips.
The big, big repairs. They could -- they could just sink the whole family.
I have medical insurance. Because I know if somebody in my household has cancer, it could destroy the whole family.
So let's have catastrophic health insurance.
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Okay. Any of the big banks in trouble?
DALLAS: So I can't give you specifics right now, on individual banks.
DALLAS: I love to do it. But I have -- I have the overall information.
But normally, normally, I'm going to say this: A lot of the big banks, are highly rated for us.
Okay? Which means, they're -- they're a B. Or an A.
I'm looking at JPMorgan right now. They're an A-plus. They have some liquidity. They're a major bank.
And so they seem safe.
But the issue here is, it's not that they're in trouble or not.
It's a catalyst system. Like when we saw in 2008, it's a catalyst.
Like people end up holding back for other people.
DALLAS: On bad days. We have some interesting things happening shortly. Like, the commercial lending industry is going to go through a little bump in the road.
GLENN: Yeah. I don't think that's a little bump in the road.
GLENN: There's a lot of big commercial debt, especially in these giant cities.
Who is going to -- who is going to fund these things?
And then what kind of interest rate, is it going to be?
I mean, I just -- highway you are going to renew all this commercial debt?
DALLAS: Yeah. There's a lot of issues. Terms coming. There's a lot of issues with cap rates just getting annihilated.
And so we're -- we're going to see big discounts. We're going to see big discounts on commercial properties.
And the thing is, I was -- I was listening to a pundit the other day. Not to quote some of the others that I am listening to. But they were saying, they foresee -- there's so much cash out there.
And people are being hesitant about getting into these commercial deals.
They may not even get the foreclosure. They will just be bought on discount, to other investors. Because they haven't been wanting to jump in the last year. Because of the crazy interest rates.
DALLAS: And so. I don't know.
I can't forecast. I'm not an expert.
GLENN: Yeah. Right. Just your ratings -- so tell me do you rate Bitcoin? I've been concerned about Bitcoin.
DALLAS: We do rate Bitcoin.
GLENN: Because with everything that's going on with the Federal Reserve and the government, how do you rate Bitcoin?
DALLAS: So we have Bitcoin rated now as an A-minus.
DALLAS: So you have to understand, we individually rate each asset.
So because Bitcoin is an A-minus. Does not mean that it's better than Apple as an investment.
So we rate things within their own industry. And so we rate all cryptocurrencies, around cryptocurrencies.
We rate all banks, around just banks. We have individual algorithms for each one. So insurance is another one, we've been dealing with the mess in Florida.
Which you probably know about. With the insurance.
And we downgraded the -- the back stock insurance company
For the state of Florida. Because its citizens. Because it -- it's a mess over there.
They're losing money.
And, you know, it's another big hurricane season, just is damaging to the current state.
And right now, we've been currently working with the ledge a little bit.
To try to help them out. To fix this issue. But it's a large issue.
We're basing for it. We care about that.
GLENN: Dallas, thank you very much for coming on and being a voice of reason. And also of warning and not causing any panic from anybody.
But just sharing the information. I appreciate it. Thank you.
DALLAS: Yeah. No problem.
GLENN: Weissratings.com is where you can go. And you can see the ratings of your insurance companies, your banks, et cetera, et cetera. How stable are they.
Do not panic. Do not pull your money out of banks. I mean, if you have more than 250,000 in an account, split it up. But don't pull your money out of the bank.
It will be a self-fulfilling prophecy. Weiss. W-E-I-S-Sratings.com.
How Should Christians FIGHT BACK Against the Rainbow Mafia? | The Glenn Beck Podcast | Ep 188
Sometimes, the only way forward is backward. For instance, the modern obsession with “my personal truth.” The solution to this destructive force, according to author and podcast host Spencer Klavan, lies in ancient wisdom and the timeless question, “How is that working out for you?” Spencer joins Glenn to apply his expertise in classic literature and philosophy to the enigmas and culture wars of today, from the hubris of atheism to the rot of academia. And with a Ph.D. from Oxford, he knows a thing or two about academics. He walks Glenn through how the innovations of science have led to the religion of science, which in turn has bred horrors. He explains why he says, “Transgenderism is transhumanism.” And as a gay man, he responds to the destruction of truth in the name of people like him, including the possibility that Pride Month could be used to paint any dissenters as “Christian nationalists.” Spencer also walks Glenn through the big ideas in his latest book, “How to Save the West: Ancient Wisdom for 5 Modern Crises.” But, despite it all, there’s room for hope, he says. The decay of society may just be a great opportunity to make civilization better.
Glenn EXPLODES at Pro-Debt Republicans, ESG 'Politicization' & MSNBC LIES | Glenn TV | Ep 281
Democrats are behaving like spoiled children, demanding a limitless debt ceiling so they can spend uninhibitedly. On today's Friday Exclusive, Glenn demands that Republicans pick a side on whether they're okay with debt or not, and he reveals who's truly being held hostage as the debt crisis gets worse. Also, has the push for ESG hit its peak? Glenn reacts to the absurd notion that ESG has been "politicized" by conservatives. Lastly, Glenn tries to understand the new ways people can identify as lesbian ...
Video PROVES far-left crime policy is DESTROYING American cities
Recently posted video Kensington Avenue in Philadelphia provides a SHOCKING view of some of America’s most crime-ridden cities. In fact, homelessness, drug abuse, and more have become so out-of-hand, that even the bluest of Americans are taking a stand. In this clip, Glenn plays video of Oakland, California residents standing up to city officials for not doing anything to stop the crimes. Glenn explains that these videos PROVE the far-left’s policy on crime is destroying U.S. cities and that so many Americans are living in fear as a result of it all…
Below is a rush transcript that may contain errors
GLENN: Let me take you here. Let me show you the horror on the streets of Philadelphia.
Cut five. Now, I lived in Philadelphia, it was always not the best.
But this is --
STU: Less suboptimal.
GLENN: Less suboptimal. These people are zombies. They're just all drugged out. Laying in the streets. Or stooped over.
All in Philadelphia.
Now, let me show you something else. This is in Oakland.
This is people coming and speaking. This happened this week, in Oakland California.
Not exactly a -- a red part of California.
STU: It's not MAGA land.
GLENN: No. It's not MAGA land. So these are the Oakland residents that are coming to Oakland, to demand a change from the city.
Listen to this.
I'm Louise, owner of Studio Naga.
VOICE: I you in your office every week. (inaudible) I email everyone. And you know the situation.
Someone who is mentally deranged, in front of my business, who has threatened me multiple times. Who has threatened other people. Who has defecated on a property on our business. And I'm being told by macro that they can't do anything. I'm being told by police, that there has to be something in the middle.
As they said, I don't want to have to get threatened with sexual violence. I don't want my children to see this, as a normal behavior from an individual on the street. That they get.
He's naked. He's masturbated in front of them. He's urinated in front of them.
GLENN: Oh, my gosh.
VOICE: And there's nothing I'm told the police can do. So your policy of not enforcing some of this 150 feet from the school, 150 feet from the residences. That policy has a direct effect.
GLENN: Can you imagine that? Can you imagine that?
Why are you paying taxes? What am I paying taxes for?
Okay. Listen to this. Crime change, cut two. Number seven.
VOICE: I understand. It comes from a place of hurt, generally when people are being violent. At some level, in some form, it's coming from a place of hurt. Sure. But if they're doing hundreds of gun point robberies mostly to women, to people of all races, where I've been in poverty my whole life, it makes it hard for us to keep job, to find jobs, to live life, to fight through mental health issues. To fight through our poverty. And it's not just one Democrat, and women. It's all kinds of women being targeted. This is systemic violence as well.
GLENN: So here's what I want to leave you with.
When you start to have conversations. Because all of the data points are there.
Before, when they were like, we'll reimagine the police. We're like, that's not going to work. That's the dumbest idea I've ever heard.
And that obviously, wasn't necessarily the best thing to say. But that's what was out of our mouths. I know it was my mouth at the time.
You are out of your mind?
Now all the data points are there. You show things like this.
And say, so let's talk about defunding the police. And saying, that the homeless, you know, can live anywhere they want. And all of this.
How is that working out for you?
Just ask them that. How is that working out?
Can we just look at -- can we just look at the facts? How is the city doing?
How is crime? How is crime, compared from a red city, to a blue city?
Is there anything we can learn from this? How is it working out?
And just be kind about it. But it's time we talk about facts. This is empirical evidence. This is how science is done.
I don't follow scientists. Because I know scientists can be wrong. I follow actual scientists. And that is, I have a theory.
I will now test it out, and I will look at the facts. So when they say, you just don't even know, you're a racist.
No. I'm following science. Here's how it works. You propose a theory.
I think police are making our cities racist. And they're -- they -- we would be safer, in the minority communities, if there weren't any police.
You said defund, because you want to reimagine.
Now we've done that in several cities. So let's look at those cities. Because if it was working and it was better. I would be with you.
I would change my mind. I don't want to be right.
I want to live in a great country, that treats everybody fairly. That -- that looks at everyone equally. Looks at people who are sick, and says, they're sick.
How can we help them?
I don't want to live in crime. And neither do you.
So how is that working out?
STU: We did a show on Stu Does America, called Stu does the collapse of the American city. A couple weeks ago. And highlighted a station called old station subtraction in Phoenix.
Listen to this. This is their everyday. Everyday.
Sixty-nine-year-old owner, who opens a sub shop. It's been around for a while. This is his current situation. There are hundreds of people sleeping within a few blocks of Old Station. Most of them suffering from mental illness or substance abuse, as they lived out their private lives with public view of the restaurant.
They slept on Joe and Debbie's outdoor tables. Defecated on their back porch. Smoked methamphetamine in their parking lot. Washed clothes in their bathroom sink. Pilfered bread and gallon jars of pickles from the delivery trucks. Had sex on their patio. Masturbated within view of their employees. And lit fires for warmth that burned down palm trees and scared around customers.
Within a half mile of the restaurant, the police have been called to an average of eight incidents a day in 2022.
There are at least 1,097 calls for emergency medical help. 573 fights or assaults.
236 incidents of trespassing, 185 fires, 140 thefts, 125 armed robberies, thirteen sexual assaults, and four homicides. The remains of a 20 to 24-week-old fetus, 20 to 24-week-old fetus were burned and left next to a Dumpster in November. Two people were stabbed to death in their tents.
Sixteen others were found dead from overdoses, suicides, hypothermia, or excessive heat.
A group of young men in the encampment have begun selling off pieces of the public sidewalk, charging each person $20 a week for what they called lot rent and security.
That had seemed ridiculous, to an encampment resident, until he decided not to pay and then awoke one night to the smell of someone dowsing his tent with lighter fluid.
Then there was Kesha, barely out of her teens, who skittered around the encampment like a scared cat, wary of everyone. Carrying a few old dolls, and crying sometimes.
Joel had tried to watch out for her, offering her water, for a few minutes inside whenever she was upset.
But one weekend, when he wasn't around, the temperature was 115 degrees. She laid down on the curb near his gallery and died of heat exhaustion. Story after story after story of this.
GLENN: Oh, my gosh.
STU: This goes back to one of these court rulings where they said, of course it's okay to camp outside. That's okay.
Of course it is. So this has completely devastated. And this is the story of one sandwich shop. But this is repeating itself all over the country.
GLENN: So, you know, here's the thing.
We have to understand, that America is not all -- John Philip Sousa, marching bands, perfect military, and white picket fences. Okay?
We have to understand that. I never thought it was. I thought we were better than we are now.
I never thought it was. We've done some really bad things. I'm willing to admit that. I know at this point, you are too.
Because we've gone through this together. We've actually gone through soul-searching. The vast majority of Americans have changed. The vast majority of Americans on both sides have changed.
Now, we've changed because we've done soul-searching. And we went, yeah. Jeez. We really screwed things up. Boy, you know what. The liberals who were right about the companies, becoming the state, I didn't think that 20 years ago.
And they were right about the FBI. And the -- the spy apparatus in this country. They were right.
Okay. All right. Now, why do I say that?
Not because I'm forced to. But because I'm watching the evidence.
Nobody convinced me of that. The evidence is overwhelming. Now, while that evidence is coming out, and changing hard-core Republicans, hard-core conservatives.
Really pro-police. Pro-military. All of the things, that they've always hated.
As we're changing, because we see the facts. They're changing in spite of the facts.
And embracing the things they rejected. This is not logical.
It's just not logical.
And it's -- it's -- it won't endure.
And the further we get down this path. I'm reallying beginning to understand, the gods of the copybook headings. With terror and slaughter return. Is the last line. Of that Rudyard Kipling poem.
And I'm beginning to understand it. It doesn't just mean war. It doesn't mean, you'll have someone come in, and just right everything. We're experiencing the terror and slaughter right now.
We're experiencing it. How many people in this country, right now are living in fear. That weren't living in fear, ten years ago.
How many people who own a business in a town, live in fear of what the police won't or will do, of what's happening outside of their streets.
Anybody who says they're compassionate, and they heard what Stu just read, that's happening in Arizona. How do you claim compassion here?
How is this compassionate? You are not helping the lowest. You're enriching the rich right now.
You're not even -- you're not helping the millionaires. You're helping the billionaires.
You're empowering them. You're destroying so many lives, that are living on the streets, that are in the worst shape.
And how you are doing that?
By disregarding every known principle. There's a difference between facts. Facts can change.
Principles don't change. There's something that man has found to be true, over thousands of years.