Can you believe anything this administration says?

Glenn talked on radio today about how the truth is becoming an endangered species and trying to speak it today could get you smeared or possibly worse. From Benghazi to Petraeus, this administration has been selling lies and up until now too many people have bought it. Here’s the case you need to make to your friends.

"I don't know if you've noticed but it's been nine or ten days since the election and we've been almost entirely Obama‑free and I can't take him anymore.  I'm redesigning everything I do just to stop talking about him because I can't talk about him anymore.  At least as far as talking about his policies or playing sound bites from him, today we momentarily break our self‑imposed moratorium on Baracknophobia or Obamanations.  See, it's like Romnesia?  Get it?  Remember the fun?  That was so much fun."

"We have to help you make a case with your Obamanoid friends," he said. "The case is how can you possibly believe anything that these people are saying?  How can you possibly buy into this?"

"I told you yesterday that I have a friend who wrote for General Hospital, was the one responsible for love in the afternoon. She was there. It was, she was the head writer for all ABC soaps. She wrote the soap Bible for Love in the Afternoon. And remember that's when Luke and Laura got married. I remember they were also trying to freeze the world. We went over the Benghazi story, and this is literally true. She said, ABC would have never bought that. She said that story's impossible. They would have never bought this story. It's too implausible. And I reminded her, "You're the one who wrote them trying to freeze the world." She said, "Yes, but it made sense on paper."

"So in our continuing effort to arm you, because you are the verb, to arm you with an argument on how can you possibly believe the stuff they're selling, look at this Benghazi and Petraeus mess, how after all that has happened with this can anybody believe a word that they are saying. First, first they told us that Benghazi was all about a pathetic laughable YouTube video."

That is what we saw play out in the last two weeks is a crude and disgusting video, sparked outrage throughout the Muslim world. - Barack Obama

"This was not just the day of or the next day and just not a casual mention. As he said there, for the last two weeks. For two weeks he was blaming the schlocky YouTube fiasco for what happened in Benghazi. And Jay Carney solidified the administration's position."

This is a fairly volatile situation and it is in response not to United States policy. Not to obviously the administration, not to the American people. It is in response to a video. - Jay Carney

Later, when President Obama went on The View, he said they were still conducting an investigation.

Glenn said, "Still doing an investigation. Isn't that incredible? So it went from absolutely a YouTube video not to our policies to we're doing ‑‑ we're still doing an investigation, even though reports were out, even though the fact that we have cameras all around the world. All around the world we can see anybody do anything. We had two drones over Benghazi, yet have you seen a picture of it yet? Sending realtime video back to the White House to watch the attack live. Have you seen a single video of it yet? Have you seen one, America? Have you seen one? We had cameras there. There were cameras on that, on that embassy, on that safe house. You know there were cameras there. Nobody had a cellphone. Nobody could send a picture back. We had two drones overhead sending realtime pictures and yet, and yet they still have to investigate. You haven't seen a picture, either."

"Then they finally decided that since YouTube protestors probably didn't show up at CIA safe houses with RPGs, machine guns and with an organized premeditated attack plan, they couldn't even get their lap dogs and the mainstream media to believe that fairytale. So now not only is it terror but it is self‑evident terror."

It is I think self‑evident that what happened in Benghazi was a terrorist attack. Our embassy was attacked violently and the result was four deaths of American officials. - Jay Carney

"So it was self‑evident terror. And not only is it self‑evident that it was terrorism but apparently they never said anything else," Glenn said.

The president of the United States referred to it as an act of terror immediately after it occurred. - Jay Carney

"Now after lie after lie after lie, more lies are put on top of it. More lies. But... but they didn't know. They had no idea this was going to turn into this. This was just a spon‑ ‑‑ another spontaneous event. Petraeus happened on the day of the election, not a day before, not a week before. They knew nothing about it. The sex scandal with General Petraeus, man, it couldn't have come at a worse time! Now the media's got to talk about a sex scandal and so we do not talk about what did the president know and when did he know it about Benghazi. Now we're having to ask the question, what did the president know and when did he know it about the sex scandal at Benghazi. The FBI knew about Petraeus, the affair, before he became CIA director. So they knew this while they vetted him for the job. This means that somebody didn't tell the president of the United States that he was putting into the most sensitive position of all time a guy who could be blackmailed, was having an affair. That is the most irresponsible thing I've ever heard. If the president didn't know, somebody should lose their job. They obviously knew. The president obviously knew. He had to know to make the decision to hire him. And yet your neighbors don't give a flying crap. They don't think this matters somehow."

"But wait. If you act now, even more lies."

REPORTER: How is it that the White House didn't have any idea of this until the day after the election and then congress a few days later?

CARNEY: Well, I would refer you to the FBI. They have as my ‑‑ as I understand it, protocols in place for when they notify the legislative and executive branches of investigations and, you know, it is simply a fact that the White House was not aware of the situation regarding General Petraeus until Wednesday and the situation regarding General Allen until Friday. So, you know, the FBI is a place to go in terms of an explanation of the protocols they follow, but I understand that that is the answer that they will give, that there are protocols they follow that govern how they inform the various branches of government of these kinds of investigations.

REPORTER: Well, do you understand how people would think this is utterly bizarre, I mean the day after the election, and the anger you're hearing on Capitol Hill they didn't know this was going on? It just ‑‑ I mean, the timing, at least the appearance?

CARNEY: Look. All I can tell you is when the White House was informed.

"Utterly bizarre. Because it's utterly impossible. And you know what? They've gotten away with it for four years, one after another after another, to the point to where you are turning out ‑‑ you're tuning out. To the point where your neighbors are saying, "I can't deal with it anymore." Whether we let them have free reign for four more unfettered years is really up to you. But look, before blood shoots from my eyes and I bleed to death, we've been over this a billion times. You know they have lied to you. You know they lie to you today."

"But we have to figure out a way to not preach to the choir. We have to figure out a way to tell the American people the truth and get it to anybody who's possibly willing to wake up. Because this does matter, to your security, to the security of your children, to your children's future and freedom."

"And by the way, while I'm at it, speaking of the nonchoir, let me just say thank you, nonchoir. You've just given our permission to Barack Obama and his evil, nasty crew of liars to lie to our faces for another four years. To put our country, our freedoms, all of our hard‑earned money, our businesses, our future, Israel, freedom, all at stake so we could be more comfortable with lies and deceit and deception, coming our way every day like a warm blanket to tuck us in. Congratulations to the 62 million Americans who made the worst choice in the history of our planet. The history of our republic. The problem is, our problem, was we thought more people were awake. But they are putting more people asleep. We thought more people were as awake as we are, but 11% fewer people came out to vote for Obama but unbelievably 2% fewer showed up for Romney and John McCain. I can't believe it. We need you. We're battered and bloodied, and so many of us say "We can't do it anymore." Let us behave like people determined to be free. We may be down but we're not out. You help spread the message to the 2% that didn't show up and another 10% or 20% beyond that. When a good man like Romney loses to a cast of really shady characters, whether you agree with all of his policies or not, when we knowingly choose liars, we're in trouble. We're in trouble. But the good news is the Constitution is the answer and the Constitution survives."

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.