Election 2016: Presidential hopeful Rick Santorum calls in to discuss the issues facing the country

The list of potential GOP nominees keeps growing, and the latest man to enter the race joined Glenn on radio this morning. When it comes to standing against radical Islam, no one speaks louder than Rick Santorum. He spoke about the threat of the Islamic State, the role of government in the gay marriage debate, the police officer in McKinney, TX, and more.

GLENN: Rick Santorum is a good friend. And a good friend of the program. And somebody that I have -- and I truly believe this -- is the closest thing to Winston Churchill that we have on the planet today. Probably next to Benjamin Netanyahu. When it comes to radical Islam. Rick and I have talked about rallied Islam before radical Islam was cool. And talked about these kinds of days and what it's going to take and the kind of enemy we would face. Unfortunately, we're seeing all of the things that when Rick was even a senator, he was talking about, we've seen them all come true. And he's a guy who has truly been raised for this time to be able to deal with things like rallied Islam. We haven't spoken about this in a while. I'd like to get his take on it. He declared his candidacy for president of the United States when we were away on Memorial Day. So we have our first chance to speak to him now. Senator, or, Mr. Presidential Candidate, Rick Santorum. How are you, Rick?

RICK: I'm doing great, Glenn. It's so great to be back on your show. Thank you for having me.

GLENN: Thank you. How is your wife? How is your daughter?

RICK: Thanks for asking. Everybody is doing just great. Thank you. Our girl just got a great clean bill of health. And life is good.

GLENN: Good. So, Rick, let's start with ISIS. The president in so many words said, I don't really have a strategy on ISIS. The strategy that we are using is obviously not working. What do we do?

RICK: Well, the strategy is not working because we haven't identified who they are, what they want to accomplish, and why they're trying to accomplish it. I mean, it's all just denial that this has anything to do with Islam or that they have any designs that are religiously motivated.

It's really clear -- Glenn, you and I talked about this years ago, when he talked about the establishment of the caliphate and what that means. And ISIS has established a caliphate. They now have legitimacy within the Islamic world, at least the radical Islamic world, to call people to jihad, not just in Iraq and Syria, but all over the world, including the United States. And they're doing that. And as long as they can maintain territorial control in an area and expand that area, I believe they will grow exponentially. Because when I say grow exponentially -- and be able to recruit jihadists. What they believe is, if they can maintain this territory and expand it, that shows that Allah is blessing them, that Allah is with them, that they're defeating the great Satan. As America tries to stop them, that they can't. This will encourage more and more people to join them. So what the president is doing is the worst of all things. He's saying that he's fighting, not committing any real resources to do so, and giving ISIS an easy victory, if you will, as he moves into Ramadi -- as they move into Ramadi and other places.

GLENN: So, Rick, you're president of the United States. What's the first thing you do?

RICK: Well, the first thing you do is -- you step up the real campaign against ISIS.

Number one, we arm the Kurds. That's the first -- that's the easiest thing to do. This is a fighting force that can fight, will fight, and can win. We have to have a real air campaign. We're flying, according to Centcom that I saw recently, something on the order of 14 HEP sordis a day against ISIS. Which, 70 percent of the airplanes aren't even dropping ordinances. So we're not -- during the Gulf War, we flew 800 to 1,000 planes a day to try to win the battle. We aren't even touching ISIS with the handful of bombs that are being dropped on them. We have a real coordinated campaign with the Kurds. With whatever Iraqi forces that are willing to fight. We have to support the Jordanians. I mean, the Jordanians are in this fight they're willing to fight. They need more resources. They need more help. We can provide it to them. The Egyptians. The kidnapping of these 88 Christian girls in Libya. And the Egyptians are willing to fight the -- the -- ISIS in Libya. But we're holding back --

GLENN: It's truly amazing. We didn't hold back supporting Mubarak, a bad guy. But a better guy than we had with the Muslim Brotherhood. Then we supported the Muslim Brotherhood. Now we get a guy who may be the best person in the presidential palace in Egypt that they have had in modern -- in modern history, and we're nowhere to be found around this guy.

RICK: Well, that's because the president supports the Muslim Brotherhood controlling Egypt. I mean, it's just almost impossible to conceive that the president is standing by this terrorist organization that was turning Egypt into a Sharia radical state, you know, sustaining the judiciary, doing all these things that were making it very clear that they were going to move away from democracy. The Egyptian people got it. They rose up along with the military and took the Muslim Brotherhood out. And our president continues to stand with them and objects to this government because they overthrew a legitimately elected government. This is the kind of -- I just -- it's almost incomprehensible how the president can look at that situation and not see who the good guys and the bad guys are.

GLENN: Okay. A couple of other things that are going on. One is, injustice on the streets. Our police now are no longer -- I mean, we have a guy in McKinney, Texas. Have you followed the McKinney, Texas, story at all?

RICK: Yeah.

GLENN: So this police officer has now retired. He quit the force. He's gone. That's insane to me. If I'm a police officer, I don't go and answer some of these calls now. And that's what's happening in some of these bigger cities. We've made our police officers guilty until proven innocent. And even when it's innocent, we don't really care. We are giving the rule of the street to thugs. In Baltimore, they were actually thanking -- the city officials were thanking the Nation of Islam and the Crips and the Bloods for holding the peace in the streets. What do you do? You're president of the United States, how do you get your arms around this one?

RICK: You know, this is a really tough one because what we've had unfortunately is a president who was in a position to actually heal a lot of racial divide in this country and he's done anything, but that. Which is unfortunate. Which makes it that much harder for the person who comes in after this president and try to repair that. The only way you do that is actually in my opinion is going after the root cause of the problems here and start talking about what's going on within the black community. Within the minority communities. And many poor communities. Not just black communities across this country. Which is the lack of opportunity. The breakdown of the family. The lack of opportunity for jobs and good-paying jobs because of a lot of other factors. Poor schools. I mean, there's just a whole series of issues here that have led to hopelessness and despair. And we -- this president simply has not addressed them.

He's promoted more government, more transfer payments, and not real opportunities, not real -- trying to heal the family and the family situations within those communities. All of those things are key. There's a big just published about six weeks ago by a guy named Robert HEP Putnam. And Robert Putnam is a liberal Harvard sociologist. And he concluded, in looking at the problems of being able to rise in America, that the number one issue was the breakdown of the family in these communities.

And we've had a president who had an opportunity to do something dramatic about that. And he's chosen not to. He's chosen to play the vice of politics. What I'm going to do, and one of the things that I pledge as president, we're going to focus on children and providing a society that will help nurture families again. That will start putting families as the number one priority for our country to try to heal those -- the wounds in these communities by restoring the building block of those communities, which is the traditional family.

GLENN: Okay. And the traditional family is usually supported by the traditional church.

RICK: Yeah.

GLENN: And I know last time -- it used to be, Rick, that they would ask people about gay marriage and everything else. And there was no reason to ask that. Nobody would change gay marriage. And nobody was trying to change the Constitution one way or the other on that. In a serious way.

Here's what's happened. The president -- now the Supreme Court is going to deal with gay marriage. And the -- we had David Barton on yesterday who showed us some things that came from the Department of Justice, their attorneys on the changes that they will inflict on churches. We will lose our -- our tax-free status.

RICK: Yeah.

GLENN: They will start telling us who we can and cannot hire. What we can say. What we cannot. Who we can marry, who we cannot. You're going to have to deal with that as president of the United States, what do you do there?

RICK: Well, this is tantamount to government establishing religion. When the United States government comes in and says, this is what you'll believe. This is how you'll practice your faith. This is a new religion. This lies, in my opinion, in the establishment clause of the Constitution that says the Congress shall make no law with respect to establishing a religion.

If the government goes around and tells churches what they have to believe in and what their doctrine is, that is something that is a violation of the First Amendment. That's why I have actually some hope that the court will not get this wrong. That they will not go as far as some are suggesting. Because there is no -- there is no way that the left will stop at just tolerance. They will demand conformity. They will demand it from the church and every institution. They will demand it from businesses. And there will be no tolerance to a different point of view on this issue. And that's why, again, I'm hopeful that the court will not do what it is -- does. But if it does, I will tell you, and I said this on Meet the Press a couple weeks ago -- that's the court's opinion. They're entitled to their opinion. But the president and the Congress have an opinion too of what the Constitution is. And if they get it wrong and the consequences are what I suspect they will be toward people of faith, then this president will fight back.

PAT: Rick, the media's tactics with you last time and now are either ignore you or attack you. And still last time you finished second. Now, the latest thing is that supposedly one person showed up in Iowa. Tell us what really happened there.

RICK: Yeah. Well, the funny thing was. The last time around, I had that happen to me once too. I went to a town hall meeting, and only one person showed up. It turned out to be in all honesty the best town meeting I ever had. The one person who showed up became my coordinator for the county. She actually became the regional coordinator. And it turned out, the fact that I had time with her to be able to talk with her, it turned out to be the greatest thing.

GLENN: Which, by the way, had you -- had you end up second place. So it's happened before.

PAT: Right.

GLENN: In a town of 300 people. So three people show up. And you're 1 percent of the town showing up. And it's happened before. But they're attacking you.

RICK: Yeah. You know, look, when I did this the last time, no one was paying any attention to me. I mean, I was going around, going to all these small towns with 2- to 300 people. And, of course, you won't get 50 people. I mean, last night, we were at a town a little larger in Iowa. And we had 50 people at a reception. They didn't cover that. We had a great town hall meeting for an hour and a half.

But when you go to a lot of small towns during the middle of the afternoon, during workdays, and people are out doing their things, you will get a smaller crowd, and that's what's expected. That's what makes this so hard because politicians are used to being cheered by big crowds and being in front of audiences. And this is all about meeting real people and the one person, by the way, who was there signed up to be a caucus chairman for us. Agreed to actually run the county for us.

GLENN: Now, I've read conflicting reports that there were more than one.

RICK: There actually was more than one. There were three or four people there.

GLENN: Okay. Doesn't make it that much better.

RICK: One person was at the bar and had a milkshake with me. I think that's what they were taking. But the point is, we don't -- to me, it's all about quality and not quantity. Particularly these little counties of just a few thousand people in the county. That's what makes it hard to do. That's why people don't want to do it because you don't want to take a hit. And from my perspective, I'll just keep chugging away. They can criticize my one or two or three people that I get to volunteer in every county. But, you know what, that's how I won Iowa last time.

GLENN: Rick, would you do me a favor? Can we sit down sometime? I want to meet you someplace. Your house. Someplace. I'll bring my cameras, and I want to put a list of, I don't even know, 25, 50 questions together. And I'll ask all the candidates that I would seriously consider voting for -- I'm not going to ask Jeb Bush or Chris Christie or some of the other clowns -- but, you know, about four guys who I would consider voting for. I'm going to ask them exactly the same questions, so there's no gotchas or anything else. Would you do that?

RICK: Yes! I will never forget, one of the first interviews you ever did with me. We did this, and I was in a parking lot in north Pennsylvania. And you said, I have 20-some questions, yes or no answers.

GLENN: That's right.

RICK: You asked me about 20-some questions, and you demanded yes or no answers. No caveats. I finished. And I'll never forget what you said as long as I live. I finished the last question, and you said, I want to kiss you in the mouth.

[laughter]

GLENN: Well, that's sick. Although, we have found out now, it's perfectly normal.

RICK: Normal. It's a natural reaction for that.

GLENN: That's right. It's a perfectly natural reaction. Rick, all the best of luck to you. And we will -- we will schedule sometime where we can really sit down and go in. Because I want to talk about the size of government and where you stand on some of the more Libertarian issues.

RICK: Love to talk about that.

GLENN: Is there a website? I'm doing Pat's job.

RICK: RickSantorum.com. Even a dollar helps us. Help us out. Join the fight and get out there and make a difference for your country.

GLENN: RickSantorum.com. Thanks a lot, Rick. I appreciate it.

RICK: Thank you.

GLENN: You bet. Buh-bye. He's a really good guy. Really, really good guy.

PAT: He is.

GLENN: Why are we not on his bandwagon?

PAT: I don't know that we're not. I mean, we're still deciding. Still deciding.

GLENN: He's probably one of the four.

PAT: He's in there. Yeah.

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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.