Martin Luther King, Jr.: The Four-Part Series

This week marks the 53rd anniversary of Martin Luther King, Jr.'s I Have a Dream speech. Most people know that MLK was a Baptist minister and civil rights hero. They know a holiday exists to honor him. But who was MLK, really, and what did he accomplish? This four-part series explores MLK's life and his legacy.

Listen to the full segment:

Martin Luther King, Jr. Part I

In 1760, the freedom of thought had not yet been born. It took courage to speak one's mind. So just a few years later, when Thomas Jefferson scribbled these words on paper, it was not only an act of courage, but of treason:

We find these truths to be self-evident, that all men are created equal, with certain unalienable rights, given to them by their creator. Among them, life, liberty and property.

"Property" was later changed to "the pursuit of happiness" to ensure the slave trade would come to an end. Do Americans understand the impact of that change?

More than 200 years later, a black preacher from the South, Dr. Martin Luther King, courageously spoke out to make the promise of life, liberty and the pursuit of happiness a reality for all Americans.

We will be able to speed up that day when all of God's children, black men and white men, Jews and Gentiles, Protestants and Catholic will be able to join hands and sing in the words of the old Negro spiritual, free at last, free at last. Thank God Almighty, we are free at last!

---Martin Luther King, Jr.

Martin Luther King, Jr. Part II

Who was civil rights icon Martin Luther King? Was he a social justice warrior who believed communism was the answer? Did he believe in Democratic or Republican principles? One need look no further than King himself for the answers.

MLK in his own words:

On Communism

"It so happens that communism is a system that I disagree with philosophically. I would not prefer to live under a communist system. I happen to feel that the great moments of history have been those moments when individuals have been left free to think and to act. And I feel that communism often stands in the way of certain First Amendment privileges that we have in America, for instance, that I just couldn't adjust to."

On Republicans

"Well, they're certainly for civil rights and calling upon the Republican Party to take a forthright and positive position on civil rights."

At the time of the civil rights movement in the 1960s, 80 percent of Republicans supported civil rights compared to only 64 percent of Democrats. Prominent Democrats like LBJ initially fought against the Civil Rights Bill, seeking to weaken it. Al Gore's father opposed it, along with Klan member and Democratic senator Robert Byrd, and Democratic governor George Wallace.

Martin Luther King's close childhood friend Bruce Bizard emphatically believed King was a Republican:

Martin Luther King, Jr. was Republican because his dad, first of all, was a Republican. He was the headshot. He was the head of the family. And if his dad was a Republican, then the entire household was Republican.

Bishop Jim Lowe of Guiding Light Church, who was injured in the bombing of the Sixteenth Street Baptist Church that killed four little black girls in 1963, had this to say about the ideology of Martin Luther King:

Dr. King would be conservative. Come on, now, there's no question about that. And he would be, he would be ostracized and condemned by many, many black people, because a lot of part of what was going on, they were turning against him then because they wanted a faster action. He had to deal with the thing. He had to deal with the Black Panthers then. He had to deal with the Stokten Carmichaels and the radicals that were there. But in spite of what he had to deal with his own people, he still held fast to the truth of the Word of God.

King's niece Alveda King believes her uncle wasn't a member of either party.

He was not a Democrat or a Republican during his lifetime. He said that himself. He calls, I think, during his lifetime, Democrats were Dixiecrats, you know. And so he says, "I'm not a Dixiecrat, nor a member of the Republican Party. I need to be able to speak to everybody."

King's legacy and message have been twisted and contorted by men conspiring to promote their own agendas of self-interest. Along the way, his simplest and purest message has been lost or scattered:

I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin, but by the content of their character.

It is the quintessential conservative message: Judge me by my actions, by my contributions, by my merit.

Martin Luther King, Jr. Part III

Martin Luther King, Jr. was a complicated man, both champion of equal rights and unfaithful reverend to his devoted wife. This dichotomy has made him a difficult figure to understand and label. The left has elevated him to near Mount Olympus status, while the right has told of his communist leanings and immoral activities.

While King railed against racial and economic injustice, he also denounced LBJ's Great Society. While many King supporters believe he wanted socialism, he spoke out against communism. While appearing the devoted husband, wiretaps approved by then Attorney General Robert Kennedy, revealed King's multiple affairs. He was accused of plagiarizing both his Ph.D. dissertation from Boston University and I Have a Dream speech. The former is true; the latter is not.

Clearly, the Rev. Dr. Martin Luther King, Jr. was a complex and deeply flawed man. Whatever MLK believed ideologically, whatever his moral flaws, his success in moving a nation forward on civil rights --- with love and nonviolence --- should be admired and emulated.

Martin Luther King, Jr. Part IV

Martin Luther King and Malcolm X shared a common goal: Civil rights for black Americans --- but they had very different philosophies about how to reach that goal. Malcolm X embraced violence and openly attacked MLK's strategy of non-violent resistance, calling it "psychologically insecure." However, King's philosophy did include resistance in a "very strong and determined manner" without the use of violence.

King never wavered from this belief, and his methods worked. In 1964, Congress, led by Republicans, finally passed the Civil Rights Bill, which had been delayed repeatedly, as well as opposed and voraciously fought against by Democrats for decades. But the tide had turned to side with reason and right.

After listening to Congress debate the bill, Martin Luther King made his way through the throngs of admirers on Capitol Hill when a tall, lanky man stepped out of the crowd.

"Well, Malcolm, it's good to see you," said Martin Luther King.

"It's good to see you too," replied Malcolm X.

Those were virtually all the two icons ever said to each other, in their only face-to-face meeting. Many have said that Malcolm X was beginning to moderate his views, eventually appreciating King's successful, non-violent approach.

In February 1965, violence visited Malcolm X when he was assassinated by members of the Nation of Islam. Three years later, the peacemaker Martin Luther King, Jr. would also be assassinated. Robert F. Kennedy, the man who had approved wiretapping MLK's activities, made the announcement to a stunned and horrified crowd.

I'm only going to talk to you for just a minute or so this evening because I have some very sad news for all of you, and I think sad news for all of our fellow citizens and people who love peace all over the world. And that is that Martin Luther King was shot and was killed tonight in Memphis, Tennessee.

While Martin Luther King, Jr. was not able to fully realize his dreams, he did inspire a nation to dream on:

Let us not wallow in the valley of despair, I say to you today, my friends.

And so even though we face the difficulties of today and tomorrow, I still have a dream. It is a dream deeply rooted in the American dream.

I have a dream that one day this nation will rise up and live out the true meaning of its creed: "We hold these truths to be self-evident, that all men are created equal."

I have a dream that one day on the red hills of Georgia, the sons of former slaves and the sons of former slave owners will be able to sit down together at the table of brotherhood.

I have a dream that one day even the state of Mississippi, a state sweltering with the heat of injustice, sweltering with the heat of oppression, will be transformed into an oasis of freedom and justice.

I have a dream that my four little children will one day live in a nation where they will not be judged by the color of their skin but by the content of their character.

I have a dream today!

I have a dream that one day, down in Alabama, with its vicious racists, with its governor having his lips dripping with the words of "interposition" and "nullification" -- one day right there in Alabama little black boys and black girls will be able to join hands with little white boys and white girls as sisters and brothers.

I have a dream today!

I have a dream that one day every valley shall be exalted, and every hill and mountain shall be made low, the rough places will be made plain, and the crooked places will be made straight; "and the glory of the Lord shall be revealed and all flesh shall see it together."

Listen to all serials at glennbeck.com/serials

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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.