Glenn interviews Ted Nugent on radio

Ted Nugent joined Glenn on radio to discuss some of the ridiculous regulations that have overtaken then country. Nugent explained an incident from a hunting trip in Alaska that gave him some legal trouble - nearly resulting in him being charged with a felony. Watch the clip above, and tune into GBTV tonight at 5pm for more on this story!

Full Transcript Below:

GLENN: Turn that hippie rock‑and‑roll music down. It's too loud. Ted Nugent is with us. He's on tour in Los Angeles. Are you still in Los Angeles? Didn't you have something happen in Los Angeles yesterday, Ted?

NUGENT: Oh, something happens every minute of every day but, yes, it happens in Los Angeles, too. I'm shooting .50‑caliber sniper rifles in Los Angeles legally, 100% legal.

GLENN: Really?

NUGENT: We went up to the hills, up to the Oak Tree Shooting Range to test out some new ammo that I'm creating and just hanging with the SWAT guys and with a bunch of commandos of law enforcement and military, and Mrs. Nugent and I were shooting large caliber weapons getting ready for real rock‑and‑roll excitement.

GLENN: Okay. So Ted, tonight you're going to be on the program and we're going to go into detail about what this government tried to do to you over the last, the last few and what you ‑‑ what you've just signed. You want to get into what you've just signed and then we can talk tonight about what the government did to you?

NUGENT: You bet. Bottom line is I've been hunting all my life, Glenn. My mom and dad raised me to be 100% legal, law‑abiding, respect law enforcement and to be in the asset column of life, to use my heart and soul to think and be conscientious about how I conduct myself. And now as a perfect human being, I've stumbled perfectly over the years on occasion, but at the tender age of 63, I don't stumble anymore. I really put my heart and soul, especially as a representative of the honorable hunting outdoor lifestyle and the gun owners of this country and people who celebrate the U.S. Constitution that is enforced and supported at such great sacrifice by the heroes of the military. That being said, I stumbled in Alaska. There was a new law that it's very important to note that I wasn't the only one that had never heard of it. We can't find anybody that ever heard of this new unprecedented law that if your arrow or bullet shows sign of nicking or touching an animal that your big game tag is null and void, including the resident judge in the courtroom who's lived in the only zone where this law exists. He said on record during the court proceedings that he had never heard of the law, and he deals with law enforcement and wild game enforcement all the time.

My attorney has been a lifetime licensed guide and outfitter in Alaska, a lifetime hunter in Alaska. He never heard of the law. That notwithstanding, I have by all information been the first and only person ever charged with this. The State of Alaska was not interested in charging me, but the federal government was.

GLENN: Now, it's very interesting because this has been going on for how long? I'm trying to remember. A year, year and a half?

NUGENT: Well, I ‑‑ the bear hunt in question took place with my sons in the Prince of Wales Island in 2009. Remember, Glenn, I've been hunting in Alaska since 1977 and the law has always been the same, that when you take possession of your animal, you apply your tag. That's the universal law.

GLENN: Sure.

NUGENT: Since the early 1900s.

GLENN: It's like ‑‑ it would be like if you're going fishing and you caught a fish and it got away, you wouldn't count that as one of the fish you caught.

NUGENT: That's it in a nutshell, yes, sir.

GLENN: I mean, it's ridiculous.

NUGENT: It really is. And I've got to tell you, they gave me the ultimatum the day after I endorsed Mitt Romney and this has been ongoing now in the California, I've got to tell you the California no‑contest plea I gave, I'm going to write a piece that's going to tell you about the horror story, the unprecedented horror story. Once again the U.S. Fish and Wildlife service.

Now, if some U.S. Fish and Wildlife service are getting angry at me, that would be guilt, you're guilty of corruption and abuse of power. I'm not talking about good agents. I'm not talking about agents who abide by their oath to the U.S. Constitution and follow the letter of the law, including the Fourth Amendment. I'm talking about jackbooted thugs who are kicking down doors predawn, guns drawn over a charge that there might have been, quote, feed within 450 yards of my tree stand bow hunting for deer in California, Glenn.

GLENN: This is crazy. Now listen ‑‑

NUGENT: Which carries the weight of a jaywalking ticket, by the way.

GLENN: I want you to know they threatened to charge, may I say?

NUGENT: Yes. My friend Mitch Moore.

GLENN: I was going to say that what they threatened to charge you in Alaska.

NUGENT: Oh, in Alaska. Felonies.

GLENN: Felony.

NUGENT: Felony.

GLENN: Felony.

NUGENT: Felony. The Lasiak was first designed many years ago to stop the illegal importation of endangered species. I supported it 100%. But now the Lasiak is being used to charge innocent young men and women who abided by every game law ‑‑ get this ‑‑ for shooting a deer with all the right licenses during the right season with the right equipment but because they used the wrong broad head, a broad head, by the way, which is the number one selling broad head on planet Earth that is legal everywhere except two states and they shoot their deer, proper licenses, proper tags, bring it home and they're charged with felonies equal to armed robbery and rape and murder.

GLENN: Yeah. And going to jail. Now ‑‑

NUGENT: Yes.

GLENN: Now, you lose your right to have a gun forever.

NUGENT: Yes.

GLENN: You go to prison.

NUGENT: To vote.

GLENN: Right. You lose everything.

NUGENT: You become ‑‑ it's just like, let me ‑‑ can I have just 60 seconds ‑‑

GLENN: Yeah.

NUGENT: ‑‑ to make an analogy that no one will fail to grasp? In Michigan they are slaughtering law‑abiding innocent farmers' livestock based on fraudulent terms, claiming they're feral and invasive when everyone on planet Earth knows that livestock within a confined pen or corral or fenced area, it can't be feral or invasive by any stretch of those terms. But they call them feral and invasive and they're destroying private property.

Now Glenn, if you had a lever action 30.30 and all of a sudden the federal government went, "We're now calling lever action 30.30 rifles machine guns. We're going to call them machine guns and we're coming to get them." They can call anything what they want. They're destroying animals that are not feral and not invasive. They're calling them things they're not. It's a lie.

GLENN: So in other words, in case you don't know feral means basically they're wild.

NUGENT: Yeah, feral means the animals have escaped.

GLENN: If they're in a pen ‑‑

NUGENT: They're not escaped.

GLENN: ‑‑ they can't be feral.

NUGENT: But they're enforcing this with guns, Glenn.

GLENN: Now Ted, there's so much more to talk about tonight, but I want to tell you something that I found. I've been reading a lot of stuff from the Communist Manifesto and early communism because you're dealing with a lot of Marxists in this government now, and one of the things they have to do is seize or destroy the property of rebels. And I thought, you know, who, who are the strongest people against this president and they would be the ones in the red states. And the red states, those are farmers and hunters.

NUGENT: Yes.

GLENN: I really truly believe ‑‑ I know why you were targeted. I mean, you were targeted and run through the wringer, and you're not my only friend that this has happened to. And I don't mean just for hunting. I mean for other things. I have had friends who are some of the most honorable men I know. I mean, I about blew my stack on Monday when I came back from the NRA and I heard what they were doing to you and you had to meet with the Secret Service. I blew my stack on the air and ‑‑

NUGENT: A stack blower.

GLENN: And I said, because I know who Ted Nugent is. I know. And I was so angry about it because not only is it Ted Nugent, it's other friends of mine who are being put through the wringer the same way. And they are ‑‑ they are being bullied, they are being threatened with prison time, they are being threatened, "Confess, confess, confess." And they're like, I didn't do anything wrong.

NUGENT: Yep.

GLENN: And in your case you did but it ‑‑ when was that law put in?

NUGENT: That law was enacted in 2004‑2005, and it's only in the Prince of Wales Southeast Alaska area has this law ever existed. Remember the judge that lives there never heard of it.

GLENN: So nobody's ever been charged with it.

NUGENT: No one's ever been.

GLENN: And how is it that the federal government, that the judge didn't know about it but the federal government knew about it and nailed you on it.

NUGENT: Because the federal government for a long, long time has been trying, increasing the net of felonies, what qualifies as a felony. Do you know that the humane society of the United States somehow convinced some soulless people in Pennsylvania that killing a deer illegally is now a felon, a felony. A felony.

GLENN: Can you talk about ‑‑

NUGENT: Now, I'm all for management of wildlife, I think you should stop poaching, I think you have to abide by the law. Even the goofy laws. Until you change a goofy law, you have to abide by it. But some of these laws are indescribably bizarre and illogical.

GLENN: You describe one more law, I've got to go in about a minute, but describe one more thing that is happening on your ranch here in Texas that is not, it's not illogical. It is ‑‑ it's inhumane.

NUGENT: Yes. I ‑‑ the scimitar‑horned oryx was brought to Texas landowners, private land, many years ago because it's a magnificent animal and it was endangered in Africa. It is no longer endangered. We put a value on it where we harvest the surplus bulls and we went from like 1200 to 20,000‑something oryx, more than stabilizing the herd because they're valuable to landowners. The federal government sided with an animal rights maniac to ban the hunting. I have to get federal permits to touch my thriving, growing, healthy heard of oryx. There was a ‑‑

GLENN: And if you leave them alone, if you leave them alone, it's like bunny rabbits. They will overrun everything.

NUGENT: They will eat everything and all life will cease. It will be a moonscape.

GLENN: Okay.

NUGENT: That's why the annual season of harvest is a stewardship duty. So I have a crippled calf oryx that has three legs that is all gaunt and my wife and I are watching it slowly die. But if I were to do the right thing and dispatch this animal, put it out of its misery, I would be a felon, Glenn.

GLENN: Okay. So we have people, we have people in this administration that are actually making the case that you should put a human down, a baby down if they're deformed, if they have any kind of handicap, if they don't have any quality of life, they should be killed; but you can't do it to an oryx.

NUGENT: It's unbelievable. My brain won't accept this vile abuse of power. We've got to take this country back. And I've got to tell you, Glenn, I'm walking the streets of Los Angeles. You wouldn't think it's Ted Nugent country but, my goodness, the support you have out here for blowing the whistle. You're doing We the people, freedom of the press, First Amendment duties, and the supportive out here is unbelievable. Everywhere, Glenn, every cop, every family, every person walking the street, the spiked‑hair, pierced‑ear guy, everybody says, "Go, Ted, we support you. Thank you for standing up for common sense." I've never seen anything like it, Glenn.

GLENN: Well, you won't find that at CNN. Or the administration.

NUGENT: Oh, but when I bring it to Piers Morgan or CNN, my buddy, I can't even think of his name, Anderson Cooper, believe me, when I bring it, their ratings are representative of common sense, I promise you that.

STU: (Laughing).

GLENN: Ted Nugent, we'll talk to you tonight at 5:00 and there's so much more to tell of this story. Thank you very much

NUGENT: God speed, Glenn. You guys are doing God's work. I'm with you.

GLENN: All right. Talk to you later.

Rapper Kendrick Lamar brings white fan onstage to sing with him, but here’s the catch

Matt Winkelmeyer/Getty Images for American Express

Rapper Kendrick Lamar asked a fan to come onstage and sing with him, only to condemn her when she failed to censor all of the song's frequent mentions of the “n-word" while singing along.

RELATED: You'll Never Guess Who Wrote the Racist Message Targeting Black Air Force Cadets

“I am so sorry," she apologized when Lamar pointed out that she needed to “bleep" that word. “I'm used to singing it like you wrote it." She was booed at by the crowd of people, many screaming “f*** you" after her mistake.

On Tuesday's show, Pat and Jeffy watched the clip and talked about some of the Twitter reactions.

“This is ridiculous," Pat said. “The situation with this word has become so ludicrous."

What happened?

MSNBC's Katy Tur didn't bother to hide her pro-gun control bias in an interview with Texas Attorney General Ken Paxton in the wake of the Santa Fe High School killings.

RELATED: Media Are Pushing Inflated '18 School Shootings' Statistic. Here Are the Facts.

What did she ask?

As Pat pointed out while sitting in for Glenn on today's show, Tur tried to “badger" Paxton into vowing that he would push for a magical fix that will make schools “100 percent safe." She found it “just wild" that the Texas attorney general couldn't promise that schools will ever be completely, totally safe.

“Can you promise kids in Texas today that they're safe to go to school?" Tur pressured Paxton.

“I don't think there's any way to say that we're ever 100 percent safe," the attorney general responded.

What solutions did the AG offer?

“We've got a long way to go," Paxton said. He listed potential solutions to improve school safety, including installing security officers and training administrators and teachers to carry a gun.

Pat's take:

“Unbelievable," Pat said on today's show. “Nobody can promise [100 percent safety]."

Every president from George Washington to Donald Trump has issued at least one executive order (with the exception of William Harrison who died just 31 days into his presidency) and yet the U.S. Constitution doesn't even mention executive orders. So how did the use of this legislative loophole become such an accepted part of the job? Well, we can thank Franklin Roosevelt for that.

Back at the chalkboard, Glenn Beck broke down the progression of the executive order over the years and discussed which US Presidents have been the “worst offenders."

RELATED: POWER GRAB: Here's how US presidents use 'moments of crisis' to override Constitutional law

“It's hard to judge our worst presidential overreachers on sheer numbers alone," said Glenn. “However, it's not a shock that FDR issued by far the most of any president."

Our first 15 presidents issued a combined total of 143. By comparison, Franklin D. Roosevelt issued 3721, more than twice the next runner up, Woodrow Wilson, at 1803.

“Next to FDR, no other president in our history attempted to reshape so much of American life by decree, until we get to this guy: President Obama," Glenn explained. “He didn't issue 3000, or even 1800; he did 276 executive orders, but it was the power of those orders. He instituted 560 major regulations classified by the Congressional Budget Office as having 'significant economic or social impacts.' That's 50 percent more regulations than George W. Bush's presidency — and remember, everybody thought he was a fascist."

President Obama blamed an obstructionist Congress for forcing him to bypass the legislative process. By executive order, President Obama decreed the U.S. join the Paris Climate Accord, DACA, the Clean Power Plan and transgender restrooms. He also authorized spying in US citizens through section 702 of FISA, used the IRS to target political opponents and ordered military action in Libya without Congressional permission.

All of these changes were accepted by the very people who now condemn President Trump for his use of executive orders — many of which were issued to annul President Obama's executive orders, just as President Obama annulled President Bush's executive orders when he took office … and therein lies the rub with executive orders.

“That's not the way it's supposed to work, nor would we ever want it to be," said Glenn. “We have to have the Constitution and laws need to originate in Congress."

Watch the video above to find out more.

Six months ago, I alerted readers to the very attractive benefits that the TreasuryDirect program offers to investors who are defensively sitting on cash right now.

Since then, those benefits have continued to improve. Substantially.

Back in November, by holding extremely conservative short-term (i.e., 6-months or less) Treasury bills, TreasuryDirect participants were receiving over 16x more in interest payments vs keeping their cash in a standard bank savings account.

Today, they're now receiving over 30 times more. Without having to worry about the risk of a bank "bail-in" or failure.

So if you're holding cash right now and NOT participating in the TreasuryDirect program, do yourself a favor and read on. If you're going to pass on this opportunity, at least make it an 'eyes-wide-open' decision.

Holding Cash (In Treasurys) Now Beats The Market

There are many prudent reasons to hold cash in today's dangerously overvalued financial markets, as we've frequently touted here at PeakProsperity.com.

Well, there's now one more good reason to add to the list: holding cash in short-term Treasurys is now meeting/beating the dividend returns offered by the stock market:

"Cash Is King" Again - 3-Month Bills Yield More Than Stocks (Zero Hedge)
'Reaching for yield' just got a lot easier...
For the first time since February 2008, three-month Treasury bills now have a yield advantage over the S&P; 500 dividend yield (and dramatically lower risk).
Investors can earn a guaranteed 1.90% by holding the 3-month bills or a risky 1.89% holding the S&P; 500...

The longest period of financial repression in history is coming to an end...

And it would appear TINA is dead as there is now an alternative.

And when you look at the total return (dividends + appreciation) of the market since the start of 2018, stocks have returned only marginally better than 3-month Treasurys. Plus, those scant few extra S&P; points have come with a LOT more risk.

Why take it under such dangerously overvalued conditions?

If You Can't Beat 'Em, Join 'Em

In my June report Less Than Zero: How The Fed Killed Saving, I explained how the Federal Reserve's policy of holding interest rates at record lows has decimated savers. Those who simply want to park money somewhere "safe" can't do so without losing money in real terms.

To drive this point home: back in November, the average interest rate being offered in a US bank savings account was an insutling 0.06%. Six months later, nothing has changed:

(Source

That's virtually the same as getting paid 0%. But it's actually worse than that, because once you take inflation into account, the real return on your savings is markedly negative.

And to really get your blood boiling, note that the Federal Reserve has rasied the federal funds rate it pays banks from 1.16% in November to 1.69% in April. Banks are now making nearly 50% more money on the excess reserves they park at the Fed -- but are they passing any of that free profit along to their depositors? No....

This is why knowing about the TreasuryDirect program is so important. It's a way for individual investors savvy enough to understand the game being played to bend some of its rules to their favor and limit the damage they suffer.

Below is an updated version (using today's rates) of my recap of TreasuryDirect, which enables you to get over 30x more interest on your cash savings than your bank will pay you, with lower risk.

TreasuryDirect

For those not already familiar with it, TreasuryDirect is a service offered by the United States Department of the Treasury that allows individual investors to purchase Treasury securities such as T-Bills, notes and bonds directly from the U.S. government.

You purchase these Treasury securities by linking a TreasuryDirect account to your personal bank account. Once linked, you use your cash savings to purchase T-bills, etc from the US Treasury. When the Treasury securities you've purchased mature or are sold, the proceeds are deposited back into your bank account.

So why buy Treasuries rather than keep your cash savings in a bank? Two main reasons:

  • Much higher return: T-Bills are currently offering an annualized return rate between 1.66-2.04%. Notes and bonds, depending on their duration, are currently offering between 2.6% - 3.1%
  • Extremely low risk: Your bank can change the interest rate on your savings account at any time -- with Treasury bills, your rate of return is locked in at purchase. Funds in a bank are subject to risks such as a bank bail-in or the insolvency of the FDIC depositor protection program -- while at TreasuryDirect, your funds are being held with the US Treasury, the institution with the lowest default risk in the country for reasons I'll explain more in a moment.

Let's look at a quick example. If you parked $100,000 in the average bank savings account for a full year, you would earn $60 in interest. Let's compare this to the current lowest-yielding TreasuryDirect option: continuously rolling that same $100,000 into 4-week T-Bills for a year:

  1. Day 1: Funds are transferred from your bank account to TreasuryDirect to purchase $100,000 face value of 4-week T-Bills at auction yielding 1.68%
  2. Day 28: the T-Bills mature and the Treasury holds the full $100,000 proceeds in your TreasuryDirect account. Since you've set up the auto-reinvestment option, TreasuryDirect then purchases another $100,000 face value of 4-week T-Bills at the next auction.
  3. Days 29-364: the process repeats every 4 weeks
  4. Day 365: assuming the average yield for T-Bills remained at 1.68%, you will have received $1,680 in interest in total throughout the year from the US Treasury.

$1,680 vs $60. That's a 27x difference in return.

And the comparison only improves if you decide to purchase longer duration (13-week or 26-week) bills instead of the 4-week ones:

Repeating the above example for a year using 13-week bills would yield $1,925. Using 26-week bills would yield $2,085. A lot better (34x better!) than $60.

Opportunity Cost & Default Risk

So what are the downsides to using TreasuryDirect? There aren't many.

The biggest one is opportunity cost. While your money is being held in a T-Bill, it's tied up at the US Treasury. If you suddenly need access to those funds, you have to wait until the bill matures.

But T-Bill durations are short. 4 weeks is not a lot of time to have to wait. (If you think the probability is high you may to need to pull money out of savings sooner than that, you shouldn't be considering the TreasuryDirect program.)

Other than that, TreasuryDirect offers an appealing reduction in risk.

If your bank suddenly closes due to a failure, any funds invested in TreasuryDirect are not in your bank account, so are not subject to being confiscated in a bail-in.

Instead, your money is held as a T-Bill, note or bond, which is essentially an obligation of the US Treasury to pay you in full for the face amount. The US Treasury is the single last entity in the country (and quite possibly, the world) that will ever default on its obligations. Why? Because Treasurys are the mechanism by which money is created in the US. Chapter 8 from The Crash Course explains:

As a result, to preserve its ability to print the money it needs to function, the US government will bring its full force and backing to bear in order to ensure confidence in the market for Treasurys.

Meaning: the US government won't squelch on paying you back the money you lent it. If required, it will just print the money it needs to repay you.

So, How To Get Started?

Usage of TreasuryDirect is quite low among investors today. Many are unaware of the program. Others simply haven't tried it out.

And let's be real: it's crazy that we live in a world where a 1.68-2.09% return now qualifies as an exceptionally high yield on savings. A lot of folks just can't get motivated to take action by rates that low. But that doesn't mean that they shouldn't -- money left on the table is money forfeited.

So, if you're interested in learning more about the TreasuryDirect program, start by visiting their website. Like everything operated by the government, it's pretty 'no frills'; but their FAQ page addresses investors' most common questions.

Before you decide whether or not to fund an account there, be sure to discuss the decision with your professional financial advisor to make sure it fits well with your personal financial situation and goals. (If you're having difficulty finding a good one, consider scheduling a free discussion with PeakProsperity.com's endorsed financial advisor -- who has considerable experience managing TreasuryDirect purchases for many of its clients).

In Part 2: A Primer On How To Use TreasuryDirect, we lay out the step-by-step process for opening, funding and transacting within a TreasuryDirect account. We've created it to be a helpful resource for those self-directed individuals potentially interested in increasing their return on their cash savings in this manner.

Yes, we savers are getting completely abused by our government's policies. So there's some poetic justice in using the government's own financing instruments to slightly lessen the sting of the whip.

Click here to read Part 2 of this report (free executive summary, enrollment required for full access)

NOTE: PeakProsperity.com does not have any business relationship with the TreasuryDirect program. Nor is anything in the article above to be taken as an offer of personal financial advice. As mentioned, discuss any decision to participate in TreasuryDirect with your professional financial advisor before taking action.