Glenn: The only chance of survival is to change your heart

Glenn became emotional on radio today as he talked about what is coming in the days ahead with the immigration battle and other political fights. Progressives have already nudged and nudged - with the IRS and other scandals - the only thing left is a shove. We must be ready to stand our ground - and the only way to successfully do that is by changing our hearts. Glenn explains on radio today.

There is a story on the front page of TheBlaze now, the leading story, and it just was posted and it is trending big quickly and I need you to get this out as soon as you can and really educate yourself on this and make a decision on where you ‑‑ where you stand on this. It is a story, revolt among Republicans on immigration bill. 70 House members risk career in planned showdown with John Boehner, and everyone else involved in this. This is a ‑‑ this is a very ‑‑ this is the beginning or the end of the TEA Party, quite honestly, those with real value. Because they are going to be destroyed by this or they will be victorious. This is probably akin to the Rand Paul moment where he turned drones around. If the American people choose not to stand with them in a very visible way ‑‑ and I warn you, listen to me carefully: There will be those who join your ranks that are trying to pretend that they are you and they will be racist, they will carry racist signs. They are not on your side because they're not real. There may be some racists that join your ranks as real racists, but they are not a friend of the Constitution; they are not a friend of yours. And most likely, only because I read Cass Sunstein and I take the man seriously, as everyone should now that the IRS has done their job, I warn you, you will be infiltrated. And... now... is... the time.

I have begged you for years do the 40‑day, 40‑night challenge. Get the bad stuff out of your life. Don't hate. Serve. Love. Be charitable. Be good. Charity for all. It is time to double our efforts on serving others, and the reason we serve others is so that we do not change. Our hearts are going to be hardened. They are going to do everything they can. They already have. They have done everything they can to piss you off. It is only going to get worse. We are approaching the days of sicking dogs on people. They've already done all of their nudges. They did it with the IRS, they did it with the snooping. They are doing all of the nudges. The shoves are about to become part of your life. And it is ‑‑ it is essential.

Let me say some things that are probably going to lose respect for me, but... I have a hard time reading the scriptures. I have a hard time reading the Bible, all the thees and the thous and everything else. And I have told you, I have told you I think pieces of this in the past that I know where I am headed on two fronts, and I'm not going to get much more specific here. Next hour I'm going to tell you about the second front. But the first front ‑‑ the second front I like; the first front I don't, and it's a front that I have avoided like the plague. I've avoided it for a couple of reasons: Because in my head I think I know what it means, but I don't. In my head you don't want to be anywhere around someone like Martin Luther King because it leads to misery. I... there are just a very few things that I know in me for sure, and I know that we are not battling enemies of ours; we are battling enemies of His. And so they are His to take care of, and He will. We have to have the full armor of God on us, and I don't know how all of this works, but I know that the Black‑Robe Regiment plays a role. The Black‑Robe Regiment are Jews and Christians coming together, preachers and pastors and rabbis, priests coming together and standing together and putting all differences aside for the civil rights of man. Not playing politics, that's where you will get lost. If you start to worry about your ‑‑ if you will start worrying about your congregation and what they'll say, if you start worrying about how much money you will lose, you will lose. Don't pay any mind to where you are going to get your food or your clothing. Don't pay any mind to that. Know that somehow or another if you're doing the right thing, those things will be taken care of if you're a preacher or a pastor or rabbi. If you are standing for individual communication, individual responsibility to God, not some sort of a collective salvation. It happened before, and I know this to be true. And when we started in Washington, I was prompted that there needs to be a Black‑Robe Regiment again. I didn't even know what it was. And David said, "You're repeating history," and he explained it to me. And it's what the founders had, it's what the abolitionists had, it's what Martin Luther King had. It's what they tried to put together with people like Jim Wallis, but we know who he is and we dismiss him.

I will tell you that it has grown stronger in me and you have heard me talk about it on the air. I have been calling out the preachers and the pastors and the rabbis. And I don't know what you're doing with your priesthood, but if you have not done something that somebody without their priesthood cannot do, if you're not living your life at a much higher level, you will lose that power. If you are not on the edge, if you are not raising a standard for all man to see, you will lose that ability and that station.

I said to somebody the other day, they wrote to me and they said, you know, "I think, Glenn, that you are, you know, you're a leader of this and that." And I said, I don't know if that is true, but I have to stop, I have to stop rejecting things because I look at the giants of the past. I look at the George Washingtons and the Adams and all of those people, and I can see the potential in other people to be that, but I can never see the potential of me to be somebody greater than me. And that's a lie of the darkness. And I will bet you that George Washington and Sam Adams and Abraham Lincoln and Martin Luther King and Gandhi and all of them did not see themselves as those people. Those people were made into giants a lot later by other people. They just did the right thing and the right thing, the really right thing is total self‑sacrifice. If you lose your life for his sake, you will gain it. It doesn't make sense to a lot of people and those who wish to take things out of context will say I'm talking about suicide bombing. No. Behind me is a picture of Martin Luther King. It is the only one that is in the public domain that I can put on this set because the King family holds such a tight rein on everything. And the reason why it's in the public domain is because it is his arrest picture. He lost his life, his freedom, not for his own glorification but because it was right. And I can tell you he didn't want to do it. He knew what he was facing, as do all giants. Will you be a giant? You have been asking for giants. Find the giant inside of you. Look for those who are now taking a risk.

You have the guy from the NSA. I don't think this guy necessarily is a hero. I don't know who he is. I don't know enough about him. But the act itself is heroic. He tried to do it the right way. Who do you trust? He tried to do is the right way. He tried to get the word out. And now the media and everybody else is demonizing him. He's warning the people, "Your freedom is at stake." And how many are listening?

You have 70 people now, according to this story now with TheBlaze. I had a meeting with many of them. I looked them in the eye. Some of them I don't know; others I know. And they know this is it. The time is now. The time for political stuff to happen like the revolt is now. The time as a TEA Party member to stand is now. The time for the Black‑Robe Regiment is now.

Something happened on Capitol Hill that I won't discuss now, and I went. Something happened and I said this, I know, I said to this individual, I know, I'm on that. I know; I can't believe you're saying that. David Barton happened to be there about an hour later and I said, David, I have to tell you I have this piece, and I'm telling you the Black‑Robe Regiment must start right now. And he said, Glenn ‑‑ he shook his head and he said, "Glenn, itches just on the plane and I wrote a memo today, but the Black‑Robe Regiment, it has to start now. I just got an e‑mail from Jeff Allen. Jeff Allen's a comedian but he's spiritually in touch but he said, Glenn, I don't even know what this means. He said, I know you've been talking about things for a while, he said, but I can't sleep at night. I've been kept awake for the last few days. I have to ask you: What are you doing with the Black‑Robe Regiment? Because the time is right now. I know. I know. I know. If you haven't prepared to change your life, please. Please change it today. And change it for the better. Change it for all of the right reasons. Get all of the darkness out of you. There are ‑‑ a miracle is a change of perspective.

I'm working currently on, believe it or not, July 4th, 2014 now. And I told somebody the story this morning and I told them just the opening of it and they said, oh, my gosh, I never thought of that about the pilgrims. I said, what do you mean? And he said, the way you described the prayer, they all got together and they were not praying for the outside world to change. They were praying for their change, that they could be better. Even though all those around them were mocking, they weren't praying. They were praying for their heart to be softened. That they could be better. They're not going to change those other people. Treasure has been gathered up from all the world and bought all of the armies and the navies. It was purchased with blood money. You're not going to change those people. You're only going to get frustrated. You must change yourself. And the only way you will attract people is not through political rhetoric, not through anything. And I say this as such a flawed vessel. Do you know how many people the Lord had to go through to get to a recovering alcoholic Mormon? He had to go through a ton of people who just in the end were too weak to stand. I am a flawed person coming to you. I have no credibility on this at all. I'm a guy who has a hard time reading the scriptures and everything else, but I'm telling you... the only chance of survival is if you change your heart. It's hard because you got a lifetime built up. And even I have a lifetime. I said something last week, I said, I don't want to say divisive things anymore. And that day I called the First Lady a monster.

We're all trying. But set your feet on the path now. I know with everything in me, everything in me. Now is the time. And we are the people. It is you. Put aside all of your silly little belief that you don't play a role. Put it aside. Those are childish things. You are the person. We all are. And everyone's service is required at this time.

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.