'This guy is lying to you': Glenn breaks down the case against Grover Norquist

GLENN: So let me make this case for you. And I think this is the most important part of this whole interview with Grover Norquist last night. You want to know who Grover Norquist is? He will tell you that he is a guy who is fighting the bad guys in the Middle East. He started the Islamic Institute. He took two checks of $10,000 each from Abdul Rahman Al-Amoudi. A guy who [was sentenced to] prison for 23 years. His sentence has just been reduced to 16 years by the Obama administration.

STU: Oh, that's nice.

GLENN: Yes. Al-Amoudi's number two man is Khaled Saffuri. When Al-Amoudi is known as a guy who is going to jail, Grover Norquist says he distances himself from it. But the number two man for Al-Amoudi is Saffuri. Grover brings him in as the co-founder of the Islamic Institute. Okay?

Doesn't make sense to me. I think you should probably ask a few questions. Now, Grover says, he didn't like Al-Amoudi because Saffuri had told him he was an old-style Muslim. If you remember at the beginning of the interview, he was saying that the problem was the old-style Muslim. So why would you take money from an old-style Muslim? Why would you take a loan from a guy who was an old-style Muslim, who also started many of the Muslim Brotherhood front groups here in the United States? Why would you be involved with him at all, if Saffuri told you that's who he was? Then he gets involved with Sami Al-Arian. He claims, 'I barely knew him. Maybe I sneezed in the same room he was in, but I didn't even know him.'

Then Jamal al Barzinji. Jamal is the father of the Muslim Brotherhood U.S. He is the founding father of the Muslim Brotherhood U.S.

Grover Norquist marches him in to the Treasury Secretary's office arm-in-arm saying we have to stop the secret evidence trail. When they were looking to shut down Muslim Brotherhood financing and terror financing and money laundering here in the United States, it was Grover Norquist and Jamal al Barzinji that walked into the Treasury Secretary and demanded that it stop.

Now, last night, he tried to say, 'well, it didn't prove any fruit. There was nobody that was indicted.'

The guy he mentioned that didn't come up with anything, we have the draft subpoena. I think it's 116 charges of money laundering and terror financing. It was the Justice Department under -- who is our current Justice Department guy? Head of the FBI, Holder. It was Holder's office that called it off. So they had the charges ready to go, and Holder called it off. So that doesn't hold any water.

But what did Barzinji do? Well, he also started Muslim Brotherhood front groups or his name is on the roster. He's part of Muslim Brotherhood front groups.

Then we got to Suhail Khan. Now, Suhail Khan has worked with the White House. This guy is fully laundered. This is the Van Jones of the Muslim Brotherhood. Everybody trusts Suhail Khan.

Last night I asked him, are you friends with Suhail Khan? Are you friends with him? I'll play his answers in a little while. His answer is stunning. I guess. It's my understanding that he and Suhail Khan are very close. Very close. That these two are joined at the hip. That they are very good friends.

He answered the question, 'I guess.' So wait a minute. What does that mean. Is he a friend? 'Well, he's a friend as much as anybody has a friend in Washington.' What does that mean? So he's not a friend? 'Well, I have a lot of friends in Washington. 150 people in my office every Wednesday, you know, that I have meetings with and I guess they're all friends too.'

So he's distancing himself from Suhail Khan. Why would you do that? If you think this guy is absolutely clean and you are indeed a friend.

Stu, if somebody came to you and said, are you friends with Glenn Beck? 'Yes.'

STU: Yes.

GLENN: Really close friends? 'Yeah, I guess. We've been together for a long time. Know each other really well.; Why? If they smeared all your other friends, I would hope you would say, 'look, I know Glenn. What charges are you making here, he's a good guy.' Right?

He didn't say that. He never said that.

STU: Yes.

GLENN: Yes. 'Yes, I'm friends.' That's not a hard question to answer, okay? Especially a guy who has been clean and clear for everybody. He's got the full weight of the White House behind him saying Suhail Khan is a great guy.

STU: You would be proud. You're tying someone who is a good guy to yourself.

GLENN: For instance, he said about al Barzinji, he said, 'what charges are you making against him? He's a good guy.' And I said, 'he was the founding father of the American Muslim Brotherhood. I think that is enough said.' 'Well, I don't think so.'

Okay, so he stands for the founding father of the Muslim Brotherhood, a group he says at the very beginning is a bad group.

STU: Yep. Should be opposed.

GLENN: So he should be opposed. But he won't do that with Suhail Khan. He doesn't see my line of questioning. I think he thought I was going for another line of questioning with Suhail Khan. But here was my line of questioning. Remember, you're starting the anti-Klan thing. You're looking for people that can help you get people away from the Klan.

Suhail Khan's parents were Muslim Brotherhood, bad Muslim Brotherhood. They're friends with Al-Amoudi, a guy who is serving a prison sentence. They actually were involved in getting al-Zawahiri in to the United States covertly in the 1990s. Okay? So he could observe. That's the number two al-Qaeda guy under Osama bin Laden and then the number one guy after Osama bin Laden's death. So a really bad guy. They help him get into the United States covertly.

Then a few weeks or a few months before the World Trade Center bombing, they have a dinner with the Blind Sheik. So are there parents that are more Muslim Brotherhood than Suhail Khan's parents?

STU: That's pretty hardcore.

GLENN: If these things are contract accurate, that's the hardest core of hardest core. So here's what I asked. 'So you're friends with him. Have you had a beer with him and just shot the breeze?' 'Well, yeah.'

'Have you asked him, what was it like growing up in a household like that? What was it like to have your parents bring in the blind sheik, friends with Al-Amoudi, al-Zawahiri, what was that like?' 'No, I didn't ask that.' Play cut 11.

GLENN: Have you ever said to him, so Suhail, your folks were -- were pretty intense? I mean, your folks were Muslim Brotherhood, your folks just before the World Trade Center bombing had the blind sheik over to the house. What was that like?

GLENN: Listen to this.

GROVER: His dad has been dead for 15 years. Twenty years or something. So I've never discussed his dead father with him. I've heard -- again, I've heard the accusation.

GLENN: I've heard the accusation. I didn't talk to his father, who has been dead for 15 or 20 years, he says. Fifteen or 20 years. Well, I think the pain - it's not like he died last Wednesday. He's been dead for 15 or 20 years. Stu, you're running it. I have the guy whose parents were both grand wizards of the Klan, okay? They brought in the worst of the worst. They made the ropes and picked out the trees. They had David Duke over for dinner. He's out.

Two-part question. The son is out. He is against the Klan now. You're running an anti-Klan thing. Do you say, 'you know, I hate to bring this up because I know your dad is dead and it must have been horrible, but this can really help us, you're a massive asset, how did you get out?' Do you say that?

STU: Not only do I say it, it's the most interesting thing about you. It's literally priority number one to talk to someone like that. This is what my organization is designed to do.

JEFFY: On top of the fact, why do you have to ask that?

GLENN: That's question number two! Can I ask you -- have you ever met David Horowitz?

STU: Oh, yeah.

GLENN: David Horowitz parents were the worst of the worst. They were communist sympathizers. They were part of the undoing of the US during the red scare and everything else. They were spies. You can't shut David Horowitz up. You're like, can we talk about something else besides -- okay. If your parents were Muslim Brotherhood Al-Amoudi, Blind Sheik, al-Zawahiri, and you're now in the White House, you would be the biggest -- people around you would be like, 'please shut up. I get it.' You would be the number one guy ringing the warning bell. They've never discussed it. He is lying.

Ladies and gentlemen of the jury, you would convict on this if you were sitting in a court that makes no sense whatsoever.

STU: I mean, it just makes sense. Here is an example of the exact thing you want. Someone with radical parents to turn around against those organizations. You have that person in front of you as a good friend on a routine basis, and it never comes over a ten-year --

GLENN: Fifteen-year time span. It makes no sense whatsoever. You've never discussed that. Makes no sense.

Now, my question to you is, you didn't accept any of this from the Obama administration. Now, this guy agrees with you on much of the stuff. He agrees with you, lower taxes. He's helping people get elected and everything else. He's on your side. Do you accept it now or are you consistent? Do you have the balls to have the courage of your conviction and say, yes, this might hurt in the short-term, but this guy needs to be out of CPAC. This guy needs to be out of the G.O.P. Who is he meeting with every Wednesday in his Wednesday meeting of 150 Republicans every single Wednesday.

Who is he meeting? What is he saying? Where is he getting his funding from? Who else has he white-washed and put into places that God knows Muslim Brotherhood should not be in?

This guy is lying to you.

STU: And what's important about this is, when we all look at the Republican Party and people working in those circles in Washington and we wonder why over and over and over again we -- we're able to win elections and not get the results that we want, we're able to put -- we have so many people saying the right things, but never doing the right things. Why does this continue to happen? This very well could be the string at the end of this --

GLENN: It is. I'm telling you this leads to Karl Rove. This leads to all of them. You want to know why we played footsy in the Middle East? You want to know why we have the Muslim Brotherhood in this White House and the last White House? Here it is, gang. Now, do you have the courage to look at it. Do you have the courage to stand? He's on the board of the NRA. He was with CPAC. I'll give you the list of all the boards that he was on. I don't have the list right now.

You tell me you think this guy is a good person to have around. He's not. He's not. And I will just say this, I don't know his motivation. I'm not saying he's trying to destroy the United States. My guess is he likes power and money. That's it. There's a lot of money in the Middle East, all you have to do is play footsie. And we'll be fine. And stop being so panicky and little girl. That's what's happening. He's choosing to turn a blind eye. I don't think he's Muslim. I'll just tell you this, his answers make no sense. None.

Glenn created "The Senate Fails to Condemn INFANTICIDE" in response to the Senate not passing Nebraska Senator Ben Sasses' bill banning infanticide early this year. In an effort to help support pro-life charities, Glenn first posted this for sale on eBay before being banned multiple times before we finally had enough and put it up for sale on bidpal.net.

At the time of this post, the bid was up to $4,700 — but we can do better than that. Please help us raise money for a good cause, you don't even have to display it anywhere in your home, you can just keep it in storage or something! If you want this priceless piece created by one of the most influential people in the world of art, place your bids here.

Can you remember the economic crisis of 2008 and how you felt when the news broke that Lehman Brothers had collapsed? I have found an economic threat that everyone needs to be aware of, so you can prepare yourself in case we see another 2008 type collapse. I am going to present the evidence to you and I urge you to verify everything and to form your own opinion.

What is that threat?

It is a bank called Deutsche Bank. They are by far the most dominant bank in Germany which is the world's fourth-largest economy. In 2018 they had €2.08 Trillion worth of assets and the second-placed bank (DZ Bank) had €506 Billion worth of assets. To show you how dominant this bank is, they have more assets than the 2nd, 3rd, 4th, 5th and 6th sized banks combined.
When we review a business there are three key parts to analysis:

  • Market sentiment
  • Business numbers
  • Technical Analysis

Market Sentiment

Deutsche Bank has a long history of potential scandals including going all the way back to World War 2 and dealing in Nazi gold. Below are five recent stories which have increased the negative sentiment around Deutsche Bank.

  1. In 2007, they purchased a portfolio of loans worth $7.8 billion and purchased insurance from Warren Buffets Company. It was discovered they did not set aside enough capital to cover any potential losses. Over the course of the ten years, they lost $1.6 billion, and when they sold the loan they did not update their financial statements to include the big loss
  2. The Panama Papers are an ongoing investigation looking for many things including offshore tax havens. These investigations have resulted in several heads of state resigning including in Iceland and Pakistan. Last November, 170 police raided 6 different offices in Frankfurt looking for evidence of money laundering.
  3. Estonia is a small country in Eastern Europe. It has a population of 1.3 million people and a GDP of €26 billion. In January, it was discovered Deutsche Bank got involved with a Danish bank called Danke Bank and processed over $230 billion worth of cross country payments (including from Soviet Russia) through one bank in Estonia.
  4. There have been rumors of issues with Deutsche for a while now and one of the solutions put forth was a merger with a bank called CommerzBank. The leaders of both companies met and they even got support from politicians. In April, news broke that the merger talks had failed because over worries the risks and costs would be too great.
  5. Last week in France, Investment banking boss Garth Ritchie and others were arrested in France over illicit tax transactions.

Business Numbers

Deutsche Bank is already struggling as they are losing staff, losing market share, and bonuses are expected to be down at least 10% and further rounds of cost-cutting to come. Now imagine the impact if business costs start going up.

The banking industry works in a very simple way. They raise funds through large bonds at low-interest rates and then sell those funds to business and individuals thru products like loans and credit cards at a higher interest rate which results in a potential profit.

Earlier this year, Deutsche Bank tried raising money through several bonds. They paid 180bp (basis points) on a two-year bond and 230bp on a seven-year bond. Let me put this in context for you. There is a small bank in Spain called Caixabank which paid 225bp on a five-year bond and one of the larger banks in Spain, BBVA paid 130bp on a five-year bond.

  • How and why is a small bank in Spain getting a better deal on bonds than a huge bank in Germany?
  • Why is a large bank in Spain getting a bond 100bp cheaper than a German bank?
  • What does the market know that we do not?

Stock Price

Deutsche is also missing revenue projections which further hurt the business ability to survive and prosper. As you can imagine all of this news has a deep and lasting impact on its stock price which is in deep trouble. Before I share the stock price, I need to put this into the context of the market and the industry compared to the big economic crash of 2008. Below you will see a chart of some banking stocks from around the world with their peak price prior to the 2008 crash, the low of the 2008 recession and the price today:

As you can see from the above chart the banks in America have recovered from the 2008 recession by anywhere up 375% and JP Morgan has not only recovered its price in full but is constantly setting new high's. Ireland went bankrupt and had to be bailed out by the EU/IMF following the 2008 crash and even our national bank has more than doubled its price since 2008. The worst performing bank I could find was Societe Generale which has issues but is still hovering around its 2008 low price levels.

Now let's put that into the context of Deutsche Bank. Not only has the stock not rebounded but it is over 65% below its 2008 low at $6.75.

Technical Analysis

When you are dealing with the stock market, you also have people who study pricing through technical analysis. Experts look at things like FIB sequences, trend lines, and support levels. Support levels are a key metric for a stock failing because are looking to find where it will find support and potentially bounce higher.

We are very close to a key support level ($6.40) and if the price goes below this level, there is no saying exactly how low the price could go. At least one company expects Deutsche to fall below this support level, as several weeks ago UBS downgraded the stock to a sell order. This news was compounded last Friday when rating agency Fitch, downgraded their credit rating to BBB or two levels above JUNK status.

Other Information

I know you are likely reading this and thinking "this bank must have smart people in charge and surely they have a plan, right?" I am sure there is a plan and while they have kept their cards close to their chest, they have spoken in the past about the areas they foresee having growth for the company – they include business in Saudi Arabia, UAE, and Egypt. Do they strike you as countries which are stable and will offer steady and reliable growth? Do you have to think really hard to imagine how this could go potentially very wrong?

Questions

I believe there is at least a solid case Deutsche is in a LOT of trouble. So what are possible scenarios for the future? I will lay out the key questions below but I must stress that it's impossible to say for sure what exactly will happen. One of the key numbers to remember here is they have roughly €50 billion worth of derivatives.

  • How likely is it that the bank can turn things around and survive?
  • How likely is it the bank continues to run into trouble, its stock price fails and eventually fails?
  • If you think it is likely it will fail, the question becomes what will the fallout be? Who will be affected?
  • Will they be bailed out?
  • If so, by whom? The German government, ECB, IMF, the Federal Reserve?
  • What will the German government think? Some members recently spoke out saying they would block public money for the proposed merger? Will they block funds if it failed?
  • Will other banks be exposed and affected? Will they have to take losses?
  • Will those losses be spread around or will one or more bank be mainly affect?
  • Will this affect the sentiment of the banking sector and cause a panic?
  • If there are issues and it starts affecting the stock prices, what will be the impact on other industries?

Last Question

The last question revolves solely around the banks and the regulators? How secure are the other banks? We all hear about how banks are now put through "stress tests" but how much trust do you put in those results? How much trust do you have in the regulators?

I know this may make me sound like a conspiracy theorist to some but it's an honest question. The Fed is on public record saying they want to keep this economy strong as long as possible. If a bank did not perform strongly in a stress test or even barely failed one, do you think they would report it?

Can you imagine the pressure that body would come under to stay silent? Can you imagine the rhetoric they would face with questions like, "Are you really going to fail one bank? Do you know how many people will lose their jobs if you do that?" Am I saying this is happening? No, but can you really rule it out 100% as a possibility?

I urge you to ponder on these questions, do your own research and find YOUR answers.

Update: The most freaquently asked question I have received from this column / show is how much time do we have to prepare. This is an impossible question to answer, as it could fail tomorrow, next week or might be next year. However I want to provide you a potential date for your diary – July 24th. That is when Deutsche will release their next earnings report and if it comes in below expectations, it could cause a further drop in price casting more doubt over the future viability of the bank.

Please support Jonathon's weekly podcast which is exclusive to the Blaze Media and available for FREE. He offers a unique perspective by promoting America's Founding Principles and brings every issue back to a set of core principles which are always based around the laws of nature. You can find links to his show by clicking here or by searching for Freedoms Disciple on your favorite audio platform.

Survey: Where do you stand on these conspiracy theories?

Thought Catalog / Unsplash

Have you seen this survey on the most-believed conspiracy theories in America?

It's no surprise the survey has been getting so much attention. The results are actually a pretty disturbing.

Infographic: Belief in Conspiracy Theories in the United States | Statista

I decided to put together a quick survey of my own, with slightly different wording.

Up-vote the ones you agree with and down-vote the ones you disagree with.

I believe Lee Harvey Oswald killed JFK alone. However, I would not be surprised to find out the government sealed evidence that others were involved.

If by "deep state" you mean long-time Washington power brokers who are used to calling the shots and now feel threatened by Donald Trump not listening to their advice or council — yes, I do believe that many people like that are working against him and his administration.

Whether alien bodies are in Area 51 or not, I do believe the government knows more about UFOs than they have told us.

I do not believe the U.S. government was involved in 9/11, but as we know, NSA advisor Sandy Berger was caught destroying documents from the national archives related to both Bush and Clinton. All U.S. administrations have been to close to the Saudis, and the Saudis were involved in 9/11 at some level.

I believe the climate is always changing — it's natural. I would be willing to accept that man MAY play a role in this. But I do not believe in the solutions currently being discussed, nor do I believe the intention of most political activists are pure.

Any talk of the Illuminati provides the true dangers to man's freedom — like very powerful NGOS and men like George Soros — a perfect cover.

The U.S. government has done some horrible experiments on people and land — I also suspect they will do more things in the future. But I do not believe in the systematic spraying of chemicals using chemtrails.

The moon landing was real, but I see a time coming when people will not be able to trust their eyes due to deep fakes.

What do you think?

Let me know in the comments section below.