Education in America: The Four-Part Series

A century ago, America's progressive elites, believing the Constitution to be old, dusty and irrelevant, formulated a 100-year plan to bring about the fundamental transformation of America. They knew that plan had to include controlling the education system and indoctrinating America's children. God and religion would have to be eliminated from the classroom, the Constitution would have to be diminished, and socializing and socialism would need to be a focal point. This series on Education in America details the shift from the Founders' belief in individual learning to a one-size-fits-all, federally-controlled education that produces enslaved citizens incapable of critical thinking.

Listen to the full series:

Education in America Part I: The Founders

The Founding Fathers believed whole-heartedly in education. They wanted students to become a learned citizens. They funded every conceivable form of education that existed and believed in school choice. They wanted young citizens who could read and write and had virtue and morality and understood accountability to God.

Most of America's Founders were homeschooled or self-educated, including Thomas Jefferson, widely considered to be the most intelligent among them, with an estimated IQ well into the genius range at 160. America's Founders knew the critical importance of educating the populace of their new nation. Without proper knowledge, the republic could not survive. But even so, the Founders did not include public education in the U.S. Constitution, nor did they see fit to set up some sort of national system. Instead, they left education to the states and municipalities.

Education in America Part II: John Dewey

American education has radically changed from what the Founders envisioned. Why? How? It began with a progressive named John Dewey and others who altered the vision of America's Founding Fathers, replacing it with their progressive vision for education.

Dewey's goal was to transform the educational system away from its foundations of God and religion. In a nation and culture founded on those principles, he had his work cut out for him. Like many other progressives of his day, though, Dewey rejected the original intent of the United States Constitution, believing instead that it was a living, breathing, evolving document. His new focus not only shifted away from God, but from learning.

Dewey and his ilk believed in replacing education with indoctrination:

The mere absorption of facts and truths is so exclusively an individual affair, that it tends very naturally to pass into selfishness. There is no obvious social motive for the acquirement of mere learning. There is no clear social gain and success threat.

Advocates of classical education didn't see it coming until it was too late. It was an infection Dewey planted that took hold in both Democrats and Republicans alike.

Education in America Part III: Common Core

Race to the top. No Child Left Behind. The Elementary and Secondary Education Act. It's been one gigantic failed federal government educational program after another.

And now, there's Common Core, a program developed by education elites and financed mainly by Microsoft founder Bill Gates. Common Core proponents claim that it's not a nationalized curriculum, rather a set of standards that has nothing to do with the federal government. They use words like "voluntary" and "state-led." The reality, however, is that the federal government bribed the states into adopting Common Core standards. Huge amounts of money were given to the states if they adopted Common Core --- and withheld if they didn't go along.

The stated curriculum guidelines of Common Core replace classic teachings with government propaganda. According to the American Principles Project, they "deemphasize the study of classic literature in favor of reading so-called informational texts, such as government documents, court opinions and technical manuals." Over half of the reading materials in grades 6th to 12th grades consist of informational texts rather than classic literature. Historical texts like the Gettysburg Address are to be presented to students without context or explanation. On the other hand, social advocacy, social respect and social knowledge are top priorities.

Under new Common Core math standards, a child's participation and effort are more important that correct answers. If a child can explain why three times four equals 11 and show their work, that's more important than solving the problem correctly. This is not the real world. Education is supposed to prepare us for success in life.

Common Care advocates believe the whole community is responsible for the development of children, not just parents. According to professor and former MSNBC anchor Melissa Harris-Perry:

We have never invested as much in public education as we should have because we've always had kind of a private notion of children: Your kid is yours and totally your responsibility. We haven't had a very collective notion of, these are our children.

So part of it is we have to break through our kind of private idea that kids belong to their parents or kids belong to their families and recognize that kids belong to whole communities. Once it's everybody's responsibility and not just the household's, then we start making better investments.

There is a fundamental problem with American education. And the root of that problem is, and always has been, progressivism.

Education in America Part IV: The Solution

John Dewey and Horace Mann changed education in America from a classical approach to progressive indoctrination by administering heavy doses of collectivism and socialism into America's classrooms. Rather than teaching facts and truths based on First Principles and classical education, they introduced Marxist principles like redistribution of wealth, relativism and social justice. In tandem with these changes and societal secularization, parents became less involved and influential, ultimately turning the education of their children over to the state.

According to Kyle Olson, founder and CEO of the Education Action Group and co-author of Conform, "there is a secular progressive value set in public schools. And so when that sort of value set is in charge, there is no morality. There is no right or wrong. Everything is gray."

The only answer to reversing this 180 degree transformation is parent awareness and involvement. Parents can no longer yield their children's education to the government. They must be the ones in charge. That means finding alternatives to public school like homeschooling, charter schools or private schools, whenever possible. For the majority, though, it means increased involvement in their children's public schooling.

If parents want more input and influence in the process of educating their children about faith, sex or any subject, they should look into other options and also discuss daily with their children what they learned. Parents should ensure their children are exposed to classic literature, a knowledge and understanding of the United States Constitution and hands-on experience in pursuit of a complete Jeffersonian education.

The effort will be significant and time-consuming, but with an immeasurable, long-term reward. Parents just might prepare their children to be the new leaders of a restored United States of America.

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.