RADIOJune 05, 2023

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…

Transcript

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.

GLENN: Okay.

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.

GLENN: Right.

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.

GLENN: Right.

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.

GLENN: Right.

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?

Credit unions.

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?

DALLAS: Yeah.

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.

STU: Correct.

DALLAS: So the first thing I would do is never have 250,000 dollars.

GLENN: Okay.

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.

GLENN: Okay.

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.

It's coming.

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?

GLENN: Uh-huh.

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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(music)
Okay. Any of the big banks in trouble?

DALLAS: So I can't give you specifics right now, on individual banks.

GLENN: Okay.

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.

GLENN: Correct.

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.

DALLAS: Yeah.

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.

GLENN: Wow.

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.

GLENN: Okay.

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.

The Most SHOCKING Moments of Glenn's White House Visit with Trump

Glenn shares behind-the-scenes stories from his incredible trip to Washington, DC, and the White House. When Glenn sat down for an exclusive interview with President Trump, he didn’t think Trump would also give him a personal tour of the White House, including the Oval Office, his latest troll of Hillary Clinton, and even his personal residence and the Lincoln Bedroom. Glenn describes the historic treasures Trump showed him, like a copy of the Gettysburg Address. But Glenn can’t tell his favorite parts of the day because of an NDA. But he gives a hint: Trump is NOT at all who the media portrays him as.

Transcript

Below is a rush transcript that may contain errors

STU: Welcome back, Glenn. Back from DC.

GLENN: Thank you. Interesting week.

STU: I bet it was.

GLENN: Interesting week.

STU: Yeah.

GLENN: Learned an awful lot. I've got to go up at least a quarter. Every quarter. There is so much going on. It is moving so fast. And you get a -- you get a completely different perspective when you're actually there talking to the people that are moving the pieces. And I had a lot of conversations that I can't divulge on the air.

I can't say, unfortunately -- I was with the president yesterday.

And it was an incredible, absolutely incredible -- and the thing I was most excited to share was his heart. He -- it was amazing.

Did the interview. Went into the Oval Office. And he left me alone with my wife in the Oval Office for like five minutes. Now, I'm like.

He was lucky, I didn't go through the drawers.

You know, I look -- where is that little hidden puzzle piece, that I saw on national archive.

But, I mean, he left us alone for five minutes. Nobody is left alone in the Oval for five minutes.

And he walks in five minutes later. Tania was so uncomfortable. Like, I don't know what to say.

What do I do?

And I'm like, they said, make yourself comfortable.

So have a seat, wherever you want. You know, probably not behind the desk. But have a seat. So we just go around. And I was alone with the Declaration of Independence. I mean, it was incredible in the Oval Office!

STU: Any part of you think, maybe I just kind of put -- fold it up. Put it in my pocket. Nobody notices. None of that?

GLENN: No. Uh-uh.

STU: Darn it.

GLENN: This is the first time I've been in the Oval Office. The first time you're overwhelmed. The first time you're like -- because it's a magical place. It really is a magical place.

STU: Sure.

GLENN: And so he said, he walks in. And he's like, you know, nobody -- I'm like.

STU: He said, what?

GLENN: Nobody sits in here without the president. Or, you know, without somebody else.

STU: Right. Yeah, that's really rare.

GLENN: And I said, I'm aware of that. He said, but I knew you would want to look at everything. So I thought you would be more comfortable if you were here by yourself. Oh, it was fantastic.

So we sit down. We talk. We go do the interview. And while we were talking in the Oval, we were conversing about a few things. And he said, and Abraham Lincoln came up. We were talking -- he is well-versed on the presidents. He is becoming a historian. He really is! He's really done his homework.

And he said, are you a fan of Abraham Lincoln? I said, yeah. And he said, you ever been to the Lincoln bedroom? I said, no. Want to go?

I'm like, wait. Of course I do. Yes. Let's do this interview.

So we do the interview. And he -- I'm told, he only has 40 minutes. Now we've just eaten ten.

And so we go. We do the interview. And his aides are cutting us off. And I'm like, I've got at least ten more minutes of questions.

And so we're getting cut off. And as we stop. His aide says, sir, the National Security Council is waiting for you.

And he says, right. I'm going to take them to the Lincoln bedroom first.

And they're like, the security counsel is meeting right now. They're waiting for you.

He said, let them wait. I'm going to take -- so he takes us, the longest way possible. He takes us through the entire White House, room by room.

Shows us all of the meanings behind things. All of the amazing, amazing -- like nobody knows about the White House. Takes us to the -- takes us to the basement, which is not really the basement. You know, it's the actual first floor where all of the guests come in. And they come up the grand staircase and everything else.

But it's the basement. And he's walking through. And he's showing me a troll, first of all.

I have to show you these paintings. I just see this painting of Laura Bush. And Laura Bush and Hillary Clinton. Up on a wall. He said, I walk by them every day.

And I say, this is not right. And he said, and then I got this painting of me. And, you know, it's me, with the flag face. Looking kind of tough.

And he said, I thought I put them between the two. And it had just gone viral. Just released a picture of him. And just gone viral.

It was a troll. The guy is just trolling. And he said, yeah. Don't you love it?

I just think it works. This trio really works. And I said, can I get a snap of them?

So we did this picture, the two of us, you know, on the ground floor of the White House. The tour goes by this every day.

Okay?

And all of a sudden, this thing goes viral. And they start -- memes start to be made, with J.D. Vance. In the pictures, they change -- people just started changing all the pictures behind us.

This is a meme before -- you know, going off before we finished.

And then he takes us upstairs. Takes us through all these things.

And the -- the aides keep gathering. There's like 20 of them now, following us. And I keep hearing, sir, the national security is waiting. He's like, I know. I know.

And so we got up to the executive residence. And the reason why he had to give us -- the reason why he had to do this tour, is because you're not allowed in the residence. And you're not allowed into the Lincoln bedroom, without the president of the United States.

It's the only one that can do it.

Melania cannot come down and do the tour.

It has to be the president. He's telling them. I'm sorry. But rules are rules. And so he takes us up, into the Lincoln bedroom.

It was the most incredible thing I have -- I mean, it's like -- it's a time capsule. It's really his bed. Which is about 6 inches longer than like the big king-size bed. It might have been longer than a California queen. It was very narrow.

Like, obviously, you know, he's not like Hugh Hefner. It's a very narrow bed.

But very, very long.

The mirror on one hand was extended to, you know, for somebody who is like six-nine, I think. Barron could use that mirror.

And then on the other side of the room is a writing desk.

And on this one table, all these things about his son. Lincoln's son who had died. And this really eerie picture of Lincoln. This painting.

And the president said, that was his favorite painting of himself. And it's really. It was spooky almost.

STU: Hmm.

GLENN: And I couldn't take a picture. You're not allowed to take any photos in the Lincoln bedroom.

And I was so bummed because I couldn't wait to show them we. But they're in his writing desk. And on it, is the Gettysburg address. One of four of the Gettysburg addresses. He gave -- Lincoln was at Gettysburg. And said, Mr. President. That was a great speech.

Do you have a copy of it? And he said, sure. And hands him a speech.

And says, here. This is a New York reporter. Takes it. Types it up, and then throws it away.

So during the war, Lincoln writes four copies of the Gettysburg address.

In the four copies, only two of them say, this nation under God. Two of them don't say that. And we don't know why.

But the one there says, this nation under God. So it was just almost like a spiritual thing. We come down, and we're ending the tour.

And I said, I have to ask. I said, I know you're Donald J. Trump. But -- now, what do you think I'm going to ask. Because he cuts me off right there, and he tries to answer. And I was amazed that he knew what I was even going to ask. Where do you think I'm at? I know you're Donald J. Trump, but --

STU: I mean, it could be anything obviously.

GLENN: He said every day, and that's the right answer! But I didn't still know if he knew what I was talking. And I say, every day?

And he said every day, Glenn. I wake up every day, and I -- I say to myself, I can't believe I'm in this house.

STU: Hmm.

GLENN: I mean, he's still humble about it. He's still -- he respects that place. I mean, a lot of the -- well, he didn't tell me this. So I don't think I signed anything about it.

He didn't tell me this.

So the -- the word is, that Hillary stole a lot of the glass door knobs at the White House. Okay. That's the word.

Don't if it's true.

But stole them. He came in, and he redid all of the doorknobs, and they are beautiful. This guy has put serious money into the White House.

And he's never going to get any credit. And the rumor was, on those doorknobs, that they were going to take them out. I don't know if they did on Biden. But they don't want any of the Trump stuff in there. And took out the doorknobs.

But he's -- he's poured a ton of money upgrading that house, and he'll never get credit for it.

But he deserves it. All right. I'm going to talk to you a little bit about what we talked about on the important stuff here in just a second.

STU: So you were able to go through all of this, and look at all these incredible documents.

This is kind of like your fantasy league life, right?

GLENN: Oh, my gosh. Oh, my gosh.

STU: Every document you could ever want. Every piece of history you could ever look at.

You would spend no time actually being president, if you were president.

GLENN: I don't know when this guy has time. I really don't.

Some of the Secret Service guys said, he's here, in the middle of the night, working on stuff.

He'll do full day.

Then he's there. Who is up at this hour?

It's him.

STU: That's not the way the media presents him.

They say, he's watching TV.

Watching Fox news all day.

GLENN: Oh, there's no way.

This guy has learned so much.

There's no way I had a conversation with him, five, six years ago. No way.

STU: You notice a difference?

GLENN: Oh, huge. His learning curve is straight-up.

Absolutely straight-up.

And in the interview. There's nothing. I could have said things.

Remember the nuclear triad question that he was hit with?

Where he didn't really -- there's not a question I could ask him, where he doesn't know the answer.

Literally. Literally.

I mean, everything I ask him off-air or on-air, he's there. He knows it. If it's happening in the world, he knows it. I don't know how he keeps up like this.

STU: It is -- I mean, his energy level is impressive. There's no doubt about that.

I don't know. The bar was set pretty low the last four years. But his -- that's been one of the things, I don't think there's ever been really much at -- disagreement on.

The fact that we -- we did, years ago, went around with candidates, around Iowa, for example. Just in campaigning, and it was like, oh, gosh. By the end of the weekend, I wanted to sleep for a week.
Because it was just so much.

Running around. Doing -- can't imagine being president of the United States. He's always energized.

GLENN: He's always energized. I mean, and I saw him. When I got on to the plane last night. Because I know, he went from -- he went from my interview, directly to the National Security Council.

And then by the time I'm sitting at the airport, there's a video of him meeting with the people that were in the lobby, waiting for him all of these veterans.

And he's doing stuff with veterans on TV.

I mean, the guy is just boom, boom, boom.

Remember Joe Biden was like, he'll have -- he'll have some pudding.

STU: Oh, yeah. The pudding and the lid.

GLENN: And the lid. And that's it.

This guy is going non-stop.

STU: Obviously, we're just setting up the main course here.

Which is your interview with him.

That airs on Blaze TV tonight.

GLENN: It was on last night.

STU: I watched it on Blaze TV last night. It airs on YouTube tonight.

But, you know, you guys went into -- every -- every topic. Any questions he didn't -- you know, he didn't think he wanted to go to or wasn't comfortable with. Is there anything that he was off-limits? Anything like that?

No. He was joking with me. He was going across the hallway. He said, after the interview, he said no. Try to be kind to me.

Well, if you don't, I'll just say, he's over. He's worthless. He'll do whatever you want.
(laughter)

But, no. There was nothing. In fact, we didn't -- you know, we wouldn't. And we didn't give him any indication. Other than it was about the 100 days. And everything that's gone down the last 100 days and were coming.

So that's pretty broad. He said a few things.

And I want to give I one of them here. We were talking about the tariffs.

STU: Uh-huh.

GLENN: And I said, you know, how do you negotiate, when you have a group of elites like the WEF. When you have China who is against you.

And the world trade -- or, the World Economic Forum.

All the elites in England.

That are -- they're fine with the great, Great Reset. How do you negotiate with people who don't mind blowing the whole thing up?

Listen to this.

DONALD: I don't have to negotiate. I don't have to negotiate. I'm talking to people out of respect. But I don't have to. So we're this giant store that people want to come in and buy bye from. We're the United States. We have the richest consumer, et cetera, et cetera. Right?

But we're not going to be that way for long if we do something. But we're this giant store, and they all want to come in and take our product. But to take our product, they are going to have to pay.

And we will either make a deal with them, or we will just set a price. Because some countries are worse than others. Some countries have ripped us off really badly, and some countries have just ripped us off a little bit, but almost all of them have ripped us off. Because we've had really poor leadership. And what's going to happen, is we're going to negotiate -- we are negotiating with 70 different countries. But we're negotiating. We're showing great respect. But in the end, we may make deals. But either that, or I just set a price. I said, here's what you will pay for the privilege of servicing the United States of America.

And they have an option. They can maybe talk to me a little bit. Or they can not jump.

You know, they don't have to shop at this big store. Or they can shop.

But in any event, they will have to pay. Look, we owe 36 trillion for a reason.

The reason is: The trade. Also, the endless wars, the stupid wars that we fought. We're going to the Middle East. We blow up. We leave. We don't get anything.

And you're a big fan of exactly what I'm saying. I mean, let's not do this. Let's not do that.

It's stupid. Endless wars. Endless wars. That they don't even want us. You know, we got into wars. They didn't even want us.

So all of that stuff. You know, when I left four years ago, you know, we had no wars. We had no Israel and Hamas. And, by the way, it would have never happened. Because their enemies were broke.

They were broke.

I have sanctions so strong on Iran.

They were totally broke. They had no money for Hamas and Hezbollah. We didn't have Russia-Ukraine. That would have never happened by the way. We didn't have the Afghanistan embarrassment. One of the great embarrassments in the history of our country.

We didn't have any inflation. Don't forget, I charged China hundreds of billions worth of tariffs. They talk about inflation. We had no inflation.

Because that doesn't cause inflation.

Stupidity causes inflation. High energy causes inflation. When they took over my energy -- we were making it like nobody has ever seen.

GLENN: I know.

DONALD: And then the prices doubled. By the way, because of that, Putin went in. You see what's going on now. It's going down.

GLENN: Yeah, I do.

DONALD: It makes it much harder for Putin to prosecute the war.

GLENN: It was fascinating.

We talked about a few things.

Judicial insurrection. Was one of them!

Another pretty strong response on that one, as well.

SNEAK PEEK: Glenn Gives a Tour of the Roosevelt Room in the White House

Ahead of his First 100 Days interview with President Trump, Glenn gives an exclusive tour of the Roosevelt Room: Theodore Roosevelt’s Nobel Peace Prize and Medal of Honor, Barack Obama’s private papers, and the legendary doorknobs that Trump installed in the White House.

EXCLUSIVE: Trump Tells the INCREDIBLE Story of Elon Musk, Nikola Tesla, and His Uncle

Immediately after his First 100 Days interview with President Trump, Glenn knew he had to ask one more question, even if it was off the record: How incredible is it that Trump is working with today’s Nikola Tesla, Elon Musk, when Trump's uncle was the man put in charge of sifting through Tesla’s files when he died?! But instead of having a private conversation, Trump decided to let Glenn’s audience hear the story too …

Why President Trump Is NOT "Negotiating" with Global Elites | First 100 Days | Glenn TV | Ep 429

In just his first 100 days in office, President Trump has moved faster to fix America than anyone expected. He created the DOGE, shut the border down, dismantled USAID and its wasteful spending, and put the world on notice that it can’t take advantage of America any more. But there’s still much more to do, and Americans have questions about what’s next. Glenn sits down with the president in the Roosevelt Room of the White House for his first one-on-one interview about his first 100 days. Glenn asks Trump what the real goal of his tariffs is, whether Elon Musk is really stepping back from the DOGE, whether Mexico is a failed narco-state, what his plans are for the cartels, and how he may react to the “judicial insurrection” of judges blocking his deportation orders. Trump also reveals his game-changing plans for AI and American energy, why he’s not “negotiating” with Europe or the world, whether Putin or Zelenskyy has been easier to deal with, and why he believes Glenn will “be surprised” by congressional Republicans soon.

►BONUS CONTENT: See my exclusive tour of the Roosevelt Room and don’t miss President Trump’s extended interview, where he shares how his uncle—once the government’s go-to expert on Nikola Tesla’s files—is now connected to today’s Tesla, Elon Musk. These are must-see moments you won’t find anywhere else. Watch now at BlazeTV.com/Glenn.