Losing our freedom of conscience in America at a blinding speed

Unless you’ve been living under a rock, you’ve probably seen that America is being torn apart. Fundamental principles and common sense are being destroyed. Up is down, down is up, and two plus two suddenly equals five. People are losing their jobs because they stand up for religious principles. Politicians espouse whatever stance on is popular at the moment. Gun rights and freedom of speech are attacked at every opportunity. When will it stop?

Below is a rush transcript of this segment, it may contain errors:

GLENN: So you remember the song from Lee Greenwood. I mean, it's Fourth of July week so we'll hear it this weekend in every city across America, God Bless the USA. The chorus goes, and I'll gladly stand up next to you. And I'll -- and defend her still today. You know that part?

PAT: Uh-huh.

GLENN: I've always thought that that part referred to standing side by side on a battlefield. I'll always stand up next to you and defend her still today. But I don't think that's the case now.

I'm sure that's not what he intended when he wrote it. You know, to see our situation. Maybe he did. But I see us standing up defending her here at home without any weapons. I see us standing for the right of conscience.

If anybody has been paying attention, and you haven't been playing politics, just paying attention, America is being torn apart. We're just being ripped apart at the seams. All of our most fundamental principles are being bludgeoned to death. And I say that with full confidence. Hillary Clinton said that traditional marriage was a fundamental, bedrock principle.

Now she doesn't. That was like eight years ago she said that. A fundamental, bedrock principle. Well, I agree with her. And now it's gone. But I think our speech is going away quickly as well. You can say anything you want if you don't mind being hungry for the rest of your life. You can't support your family. If you love unemployment, speak your mind all you want, baby. The CEO of Firefox, fired. Because six years prior he had donated money to a cause in which he believed. Donald Trump this week, fired because he said something I don't agree with, but I don't want him fired for it.

People working at ESPN, right chink in the armor, fired. Freedom of speech? Nope. Nope. Fundamental, bedrock principle, gone. Freedom of religion, religious institutions in some cases have been forced against their doctrine to provide birth control, contraception, and even abortion. Have you heard the latest on Steve Green's place? Hobby Lobby. Hobby Lobby may have to close.

Because the government is going after them again. And they just came out and said, we may not be able to stay open this time. Hobby Lobby!

So don't tell me we have freedom of religion. People are being forced to provide services for ceremonies in which they conscientiously object. It's called a conscientious objector. We've always had that, that carve-out in the Constitution. If your God tells you I can't do that, you don't do it, and no one can force you to do it.

But now, Coeur d'Alene, Idaho, two ministers who operate church threatened with arrest for not performing a gay wedding ceremony. Arrest, jail time!

The Supreme Court ruling that came out last week, is that going to help or hurt? Listen to what our first openly gay senator Tammy Baldwin said about religious liberty this week.

TAMMY: Certainly the First Amendment says that in institutions of faith, that there is absolute power to, you know, to observe religious deeply held religious beliefs. But I don't think it extends far beyond that.

GLENN: Okay. It doesn't extend very far beyond that.

Say whatever you like in your church -- this is James Madison -- say -- yap all you want. Got this. Got that, whatever. But as soon as you step out on the sidewalk, your ass is mine.

I don't think so.

By the way, so you know how that works, Tammy, if I may call you that, Tammy, a guy who has been in the service forever, forever -- I'm sorry. No. A guy who is -- I was thinking of another religious case.

This guy is a fire chief in Atlanta. A fire chief.

He said something inside the walls of his church. He was fired from his job because he said at his church from the pulpit, I don't believe in gay marriage. He was fired. So tell me how that one works, Tammy.

By the way, the First Amendment doesn't say anything about institutions of faith. What it does say is Congress shall make no law respecting an establishment of religion or prohibiting the free exercise thereof. I'm exercising my faith right now by telling you what I believe.

The right to keep and bear arms every single time some psycho senselessly takes an innocent life, they roll out the tired, old argument that guns have no place in our society, despite what the Constitution says. The right to be secure in your home, papers, documents, unmolested by authorities, unless there is a probable cause to search or seize your property. Three letters for you: NSA. Here's three more: IRS.

Those are all gone, gang. Or they're on the ropes. Power is not delegated to the United States by the Constitution, reserved for the states.

Yeah. Right.

(laughter)

No, that doesn't happen. There's no marriage. There's no straight marriage in the Constitution.

That is a power reserved for the states. Not the Constitution. It says it in the Constitution. So the Tenth Amendment is gone. The only thing we have to not really worry about is probably the quartering of soldiers in our homes. Knock on wood. Well, don't knock on wood because that might be a little confusing to some because there might actually be a knock on your wooden door and I don't know it might be the Third Mechanized Infantry Division that is just wanting to stay.

PAT: Looking for a place.

GLENN: Can we crash here? Our public schools and universities are turning out kids and they're turning them into entitlement addicts. It doesn't begin at school. Because even at our sporting events and other extracurricular activities prepare them to expect everything without earning anything. Participation trophies. Telling them that they're special for no apparent reason. Heaping undue praise on them. Even, when just maybe, constructive criticism would keep a few losers off of American Idol. We told you about UC Berkeley, where Janet Napolitano and her staff are banning certain phrases. These are not words. These are now ideas.

This week, last week it was UC Berkeley. This week it was University of Wisconsin joining the list of racist microaggressions. Microaggressions. Take your microaggression and...

America used to be a place where based on your hard work, dedication, and talent, you could have a legitimate chance to get ahead in life. You could actually possibly become successful. Thanks to the University of Wisconsin and UC Berkeley, we discovered now that's just not true. Gaining reward based on your efforts apparently cannot happen. It's referred to as the myth of meritocracy. Saying things like the most qualified person should get the job just accentuates the microaggression that is seething inside of you. Desperately trying to get out.

What you really mean by that phrase is that people are -- of color are given extra unfair benefits because of their race. Why are you such a racist?

And for the holy love of heaven, will you please don't give me the old, everybody can succeed in this society, if they don't work hard -- if they work hard enough. Please don't give that to me. I -- you know that's a lie. Go ahead, say it. Say it to your microaggressive, hateful self. Go ahead say it. Colored people are just lazy. Yeah, that's what you say. Colored people. Hello, Mr. 1956. You're saying they're incompetent and need to work harder. I know exactly what you're saying.

Yep. Can't hide from the University of Wisconsin or UC Berkeley. This is what's being taught to your kids. Take your kids out of school. Don't. Send them to a local community college before this crap.

This is what's happening in the United States of America today. The family, the fundamental building block of civilization is being transformed. Marriage transformed. Speech transformed. Rights rewritten. Invented. Suppressed. It's all happening at the same time by design by the progressives.

And the result will be that America's cream will no longer rise to the top. Cream, we can't have cream. That implies a cow. Who are you to put your hand on the utter of an animal without asking for permission?

Merit is going to just be a parts of in Connecticut. That's it. We'll have generations of Americans who wait to be given what they believe they have coming to them because they're entitled. It won't come, but government benefits will, while they last. More and more fundamental rights will be created.

There is no fundamental right to marriage. Not in the Constitution. For straight people, either. There is no such thing as a fundamental right for health care. Those are things we like. But that's not something government is doing. Marriage was an institution that was started by the religious. And government cannot interfere with the religious inside the walls of the church. So how is it that they say they can -- no, we understand the First Amendment. We got it. You can do whatever you want in the church. And we'll leave you alone. It just doesn't expand past the church. By the way, open up the door of the church because we have to tell you what you're doing on the altar there with those two people. Can't have it both ways, dude.

Health care is the same way. Now they're talking about a guaranteed minimum wage. There is no fundamental right to a minimum wage. A job. There's no fundamental right to food. Now, these rights did exist in that glorious place called the Soviet Union. They still exist in that wonderful utopia of China. But not here in the United States of America. Why?

Well, because our fathers had a different idea. And I'll tell you about that coming up in a second.

[BREAK]

GLENN: So do you remember when the president said this about the Constitution?

OBAMA: That generally the Constitution is a charter of negative liberties. Says what the states can't do to you. Says what the federal government can't do to you. But it doesn't say what the federal government or the state government must do on your behalf.

GLENN: Right. Right. He is a constitutional scholar. He has that wrapped up tightly in a nice little box. That is exactly what it says because that's exactly what the founders designed it to do and be. Why? Because they studied all previous governments. They studied it from ancient Greece and Mesopotamia. They went out and they really searched what worked, what didn't, why did it fail, when did it fail. And then they tried to design something that took all of that into account.

They knew that the government shouldn't do certain things to the citizenry, the way Britain did. They wanted government out of the way. They believed that we can do it. We can do it on our own, and we can do it better. Except for a few things like military. Now, who doesn't think -- does Apple think the government can do computers better than Apple? Does Google think they can run the internet better than Google (sic)? Do you think you can run your life and your family, or the government would be better at that? Based on merit, we're given the right to pursue our happiness. Not the guarantee that the government would provide for us.

You got to grab your kids because they are being reprogrammed. We are being reprogrammed to accept that the most qualified person should not get the job. That the special person should. The first person, the first black, Hispanic, woman, gay, lesbian, transgendered man that's still questioning and a little bit transabled or maybe the first transracial. First dwarf. First something should get that job. But not the person who is actually qualified. No. Look, if Ted Cruz were gay, he had exactly the same policies, I would absolutely vote for him. If he would just for the love of Pete, man, put on a skirt, then he would be the first transgendered woman president. Then he's -- he's more than qualified.

We're being directed down that path. And if we continue down that path, America will cease to be great. We've already slid way past good. We're now in, kind of mediocre. It's okay. Kind of like Canada is looking pretty good right now.

Perhaps one day even less.

I started this with that Lee Greenwood quote. I think it's the first time in my career that I've quoted Lee Greenwood. But I'll stand up next to you and defend her still today.

It's time to stand. It's not time to stand against something. It's time to stand for something. Stand for the Constitution. Stand for people's rights. Not even your rights. Don't even worry about your rights. Somebody else's right. We're going to talk about Ted Cruz and he's talking about his solution to gay marriage. But I think in a way, what he's saying is, we got to stand up against gay marriage and get this thing overturned.

I think we need to get it overturned, but not because of gay marriage. We got to get the government out of gay marriage. Rand Paul has the right position on this. Get the government out of marriage entirely. They have no place in our marriage. Right of conscience.

They have no place in our marriage. If you want to get married, you get married. I may disagree with it, but how does it pick my pocket or break my leg? It doesn't.

You want to get married. Get married. If you're two consenting adults, how does this hurt me?

If you want to force my church to marry you, if I go to a gay church and they're like, we won't marry any straight people, so be it. Why would I want them to do it? I'm not going to force them to do it. I'm not going to force your church or whatever to do whatever. You don't force me to do whatever. Why can't we all just kind of be cool with each other? My evil plan, slowly, quietly take over the world, and then leave everybody alone.

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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.

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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.