Ted Cruz: The Four-Part Series

In a four-part series for radio, Glenn tells the life story of presidential candidate Ted Cruz --- from his early upbringing by immigrant parents to his courageous leadership today. Known for tenaciously standing up to establishment power brokers in Washington --- on both sides --- and the media, Cruz has done so with both honor and class. Ted Cruz is, in Glenn's words, the George Washington we've been praying for, born at this time for a reason --- to become president of the United States.

The four-part series is compiled below for your convenience.

Part I: The Early Years

Raised by an American mother and a Cuban immigrant father, Cruz was taught to love the United States and revere the Constitution. From an early age, he learned important lessons from both of his parents, including discipline and hard work. His father --- Rafael Cruz --- fought in the Cuban revolution, and was imprisoned and tortured. After fleeing to Texas in 1957, penniless and not speaking a word of English, Rafael washed dishes for 50 cents an hour to pay his way through the University of Texas.

When Ted was eight years old, he went to a summer camp and accepted Christ in his life. Early on, it became apparent that Ted was more than average. He was brilliant --- and destined for something big.

When he was 15, Ted Cruz was one of five Houston kids selected by the Free Enterprise Institute to tour the country and speak about the Constitution. Prior to graduating high school, Ted had delivered 80 speeches on such topics as economics, the Austrian economist von Mises, and the importance and meaning of the Constitution.

Ted's decision to attend an Ivy League school was not received well by his parents. They were struggling financially. To make his dream a reality, it would mean scholarships, students loans and working two jobs. Additionally, his father was concern the liberal environment would tarnish his son's beliefs.

"Ted, you're growing into a good, strong man," Cruz's father said to him. "Are you going to be strong enough to go to an Ivy League school and hold on to your principles and values?"

Ted assured him he could and was accepted into Princeton University. He later attended Harvard Law School.

Subsequent years at Princeton University and Harvard Law School would uniquely prepare Ted to be leader of the free world. They would also put him on a collision course with some of the most powerful people in the world --- including the president of the United States.

Part II: The College Years

As his high school's valedictorian, Ted had the opportunity to visit several campuses while scouting out colleges. He dreamed of attending an Ivy League school and visited esteemed campuses like Harvard, MIT and Dartmouth. He realized his dream when he was accepted to Princeton University.

Paying for an Ivy League education wasn't easy, though. His family was struggling financially so it required earning scholarships, taking out student loans and working two jobs --- no government bailouts for this constitutional conservative.

During his freshman year, Ted realized that being a principled conservative in a liberal environment would be challenging. He was paired with a New Jersey liberal as his roommate. Needless to say, they didn't exactly hit it off. (In fact, that roommate is conducting a Twitter jihad against Ted this very day.)

Being a super smart geek, Ted naturally joined the Princeton debate team. He became a champion debater, winning multiple categories, including 1992 Team of the Year and 1992 Speaker of the Year. He additionally won significant national debates earning awards for the 1992 National Championship for Top Speaker and the North American Debating Championship Top Speaker. Today, he is forever enshrined in the Princeton debate hall of fame.

Ted continued his debating record at Harvard Law School where he became a world debating championship semifinalist.

While at Harvard, Ted served as the primary editor of the Harvard Law Review, the executive editor of the Harvard Journal of Law and Public Policy and the founding editor of the Harvard Latino Law Review. He graduated magnum cum laude from Harvard Law School.

One of Ted's law professors --- liberal lion lawyer Alan Dershowitz --- said this of his student:

"One of the sharpest students I had, in terms of analytic skills. I've had 10,000 students over my 50 years at Harvard. He has to qualify among the brightest of the students. Deeply principled. He thinks he's doing the right thing. I saw that years ago when he was a student. He was not a compromiser. He was not somebody who tried to make friends by accepting what was then the political correctness of the day."

Upon graduating from Harvard Law School, Ted landed a job as the first Hispanic Supreme Court justice law clerk in U.S. history, clerking for Chief Justice William Rehnquist. He later went into private practice defending his first love --- the United States Constitution.

Working on matters relating to the Second Amendment and the NRA, Ted helped prepare testimony for the impeachment proceedings against President Clinton. When he was 28, Cruz joined the George W. Bush presidential campaign in 1999 as a domestic policy adviser, advising then governor George W. Bush in a wide range of policy and legal matters, including civil justice, criminal justice, constitutional law, immigration and government reform.

During the 2000 election, in the case of Bush vs. Gore, Cruz was sent to Florida to sort out the legal mess created by the dangling chad situation. Cruz assisted in assembling the Bush legal team, devising strategy and drafting pleadings for filings with the Supreme Court of Florida and the U.S. Supreme Court. He helped lead the way to two big wins, clearing the way for Bush to become president.

He was still barely 30 years old.

Part III: The Supreme Court Years

At age 33, Ted Cruz became the youngest solicitor general of Texas in American history. He would go on to become the longest serving solicitor general, ferociously fighting for the Constitution. He sought out conservative, constitutional causes, distinguishing himself with exceptional achievements and victories:

• Cruz authored 70 United States Supreme Court briefs and presented 43 oral arguments, including nine before the United States Supreme Court --- more than any practicing lawyer in all of Texas or any current member of Congress. He took on some of the biggest cases decided by the courts in decades --- and won virtually every single time.

• Cruz won a huge Second Amendment victory in the District of Columbia versus Heller, drafting the amicus brief signed by the attorneys general of 31 different states and presenting the oral argument. This victory struck down a D.C. handgun ban as infringing upon the Second Amendment right to keep and bear arms --- and it changed everything regarding your right to carry a gun.

• Cruz wrote a brief on behalf all 50 states in the Elk Grove Unified School District versus Newdow case, in which atheist activist Michael Newdow sued on behalf of his daughter to stop schools from reciting the Pledge of Allegiance. He objected to the phrase, "One Nation Under God." For months, the pledge was not spoken in nine western states --- until Cruz argued the case. The Supreme Court upheld Cruz's belief that Newdow had no standing to file suit on behalf of his daughter.

• Cruz successfully defended the constitutionality of the Ten Commandments Monument on the Texas State Capitol grounds before the Fifth Circuit Court and the U.S. Supreme Court. As a result, the Ten Commandments Monument currently stands on the grounds of the Texas State Capitol.

• Cruz fought on behalf of the state of Texas to uphold the death penalty sentence for a vicious gang member who was in the United States illegally when he and other gang members brutally beat, raped, tortured and killed two teenage girls in Houston. The Mexican Consulate became involved, as well as then President George W. Bush, who sided with the Mexican government and turned the case over to the International Court of Justice which ruled against Texas and stayed the execution. Texas then turned to Solicitor General Ted Cruz. Appearing before the U.S. Supreme Court, Cruz successfully defended the Constitution. In a 6-3 decision, the Supreme Court ruled that decisions from the International Court of Justice were not binding in any domestic law and even the president had no power to enforce them. Ted Cruz won and gang member Jose Medellin met his maker.

Ted Cruz has a proven record of fighting for and defending the United States Constitution --- even when it means going against the establishment. In the case of Medellin versus Texas, not only did he go against a brutal, illegal alien murderer, the country of Mexico, the Geneva Convention, the International Court of Justice --- but also his former boss and the president of the United States, George W. Bush. This may provide insight into why George W. Bush broke his long-standing policy not to comment on politics to say recently about Cruz, "I just don't like the guy." Being embarrassed and beaten on the international stage isn't generally followed by afternoon tea.

There's a reason why the Republican establishment in D.C. is known for not liking Cruz. They stand for the party, for themselves and for their own political power. Ted Cruz doesn't play party politics or political games. Ted Cruz stands for principles, values, integrity and the United States Constitution.

What does your candidate stand for?

Part IV: The Candidate

Ted Cruz is the real deal. He is a true conservative to the marrow of his bones. Not the kind of "conservative" you find in Washington, D.C., the kind that has betrayed us for decades --- but a true constitutional conservative as the Founders intended. The Constitution isn’t just an afterthought to Ted Cruz. He memorized this sacred document when he was 13 years old, and those words are ingrained in the very fabric of his being.

How does a man come to live and breath the Constitution? It's simple, really --- he was raised that way. Raised by a man who lost his freedom in Castro's Cuba and fled to the United States in search of freedom. Raised by a man who taught him to revere God and the Constitution of the United States. Raised by a man who lost his way because of alcoholism and atheism, but found his way back by the grace of God.

Ted Cruz was raised with the Bible and the Constitution on his kitchen table every single day of his life.

As valedictorian, magnum cum laude graduate, Ivy League scholar, debating champion, Supreme Court law clerk, defender of our constitutional rights and U.S. senator, Ted Cruz has held firm to conservative beliefs and values. He is a dedicated husband, loving father and committed Christian. He is a constitutionalist. But, most of all, he is consistent, with a proven track record and history.

For Cruz, it may be true that he has very few friends in Washington, D.C., but he should wear that as a badge of honor.

Constitutional principles have always come first for Ted --- even ahead of party loyalty. Like when he filibustered Obamacare for 21 hours --- alone --- trying to stop the unconstitutional takeover of America’s healthcare system. He knew his own party would come after him, but he had promised the American people to hold firm in his beliefs. So he did.

Ted understands the gravity of our situation, and he understands how to right the wrongs of the past eight years by holding true to the principles of the U.S. Constitution. It's all there, written long ago by the brilliant men who fought the fierce battle for freedom and liberty. We don't need a bailout, we don't need any new government programs. We need to return to the First Principles laid out for us by James Madison and Thomas Jefferson.

Ted Cruz is the George Washington we've prayed for. He's here --- the man who understands that government is not the solution but the problem. Ted Cruz understands that the restraints placed on the government by the Constitution are a good thing. Because absolute power corrupts absolutely. We've had enough of that corruption far too long.

It's time to send a man of honor and character to the White House, a man who says what he means and means what he says. It's time to send a man that will proudly place his hand upon the Bible and solemnly swear to faithfully execute the Office of President of the United States, and to the best of his ability, preserve, protect and defend the Constitution of the United States.

That man is Ted Cruz, and his time is now.

Featured Image: Senator Ted Cruz

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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.