Darryl Glenn Closing Gap to Defeat Senator Who Supported Obamacare, Iran Deal

Darryl Glenn, a promising new face on the national political scene, joined The Glenn Beck Program on Friday to discuss his current campaign for senator in the state of Colorado. A 21-year veteran of the U.S military with an MBA and law degree, Glenn is currently an El Paso County commissioner in Colorado Springs. Now within striking distance of defeating his Democratic opponent, Senator Michael Bennet, Glenn optimistically predicted a four-point win.

Listen to this segment from The Glenn Beck Program:

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

GLENN: An Air Force veteran retired in 2009 as a lieutenant colonel, he's involved in local politics and for some reason wants to commit living and working in Washington, DC, for the next six years. Good luck with that.

Darryl Glenn is joining us now from Colorado, nominee for Senate.

Hi, Darryl, how are you, sir?

DARRYL: Doing great. Thanks for having me back on.

GLENN: You bet. You have the endorsement of Ted Cruz. You have the endorsement I believe of Freedom Works. We talked to Club For Growth, and they're taking another look at you because you're now within striking distance. They said, the last time they looked at you, you were about 20 or 30 points behind. And now you're within striking distance of being the next senator in Colorado.

DARRYL: Yeah. If you believe polls, we're within seven, and closing rapidly. Our campaign has been based on faith and hard work, and we're going to win this thing by four.

GLENN: You're going to win it by four?

DARRYL: Absolutely.

GLENN: Why should -- why should the people in Colorado trust you, and what makes you not your stereotypical G.O.P. guy?

DARRYL: Well, I recognize the fact that so many people have helped me get to where I'm at.

You know, I'm a deep man of faith. Family, commitment, and making sure that we lay out a pathway to take care of that next generation. Because they're important to me. I spent 21 years serving this country. Retired as a lieutenant colonel. I've been blessed to have two adult daughters. And I'm looking at the direction that this country is going. And I'm concerned.

And enough to where you roll up your sleeves and you do something about it. So I'm grounded in making sure that we have people that will stand up for the Constitution, stand up for the founding principles that make us a great nation. And I'm going to do that.

GLENN: Darryl, what do you say to the people in Charlotte or the people in Tulsa that are rioting right now?

DARRYL: Well, what I do is tell them to take pause and allow the process to take place. We need to be calm. There needs to be clearly an investigation -- a very open and transparent investigation. But what I would caution people and really encourage them, what they need to do is this is a perfect opportunity where we need to bring people in the policy-making group, along with law enforcement, along with the community leaders, and we need to get together and start coming up with a plan on what is going on as far as making sure that we learn from the situation and learn from one another. Too often --

GLENN: In North Carolina, you've got a situation where a black officer killed a black man, and they're crying racism. How is that even possible? And how do you -- how do you solve -- better question: How do you solve a situation when the facts don't seem to matter?

Because we know there are bad cops. We know that -- there's bad people in all businesses and industries. So there's bad cops. And there's been a history of it. And we all want the bad guys out. But when -- when everyone who fires their gun are only firing their gun because they're a racist or they hate black people, you've got a real problem. How do you -- how do you come together with that?

DARRYL: Well, and that's where it takes leadership. Because a lot of the frustration that's out there, it comes from years of underlying tension, of not really recognizing and addressing issues that are within the community. And you can only do that when you bring all of the parties together and really have some substantive discussions. Because we keep talking over one another. Because like you've mentioned, good cops do not want bad cops on the street.

GLENN: No.

DARRYL: But also communities need to understand that if you are there and you're underemployed and unemployed, you need to also look at the policymakers that are in place. And what are they doing to help or hurt you? But we also must recognize that there are cultural differences. And the best way to talk about that is in a civil setting, where you get to know one another. And you also want to make sure that people understand the tactics that are being used by law enforcement so you can work together so there isn't this fear or perception that the law enforcement community is specifically targeting members of color.

So we got a lot of work to do.

GLENN: You'd be the second black senator, the first black senator was Tim Scott. A Republican. You are running for the Republican seat in Colorado. Is there anything to that for you that's special?

DARRYL: Service is special. I -- you know, this is -- and I'm very serious about this. I've been blessed to be in public office for over 13 years. And this is the only election where I've even thought about race. And that's because I believe that the current administration and the tone that's being sent out there, he ran as a great unitor, and I believe we are more racially divided today than we were back then. So now what?

GLENN: But aren't we more divided -- I mean, I don't even want to ask you about what you think about the front runner of the Republican Party because, no matter what you say, the party will split. And there is no acceptance of you one way or the other.

And aren't -- I mean, it's not just racial divides. We're doing it as conservatives. We're divided ourselves.

DARRYL: Well, I've been blessed to have started my campaign early. I've traveled around Colorado. And I am getting support from all parties, when it comes to -- when you're breaking down the Republican Party and all the internal problems that we're having, because I'm trying to stay focused on the message. The message is extremely important.

Because we're at a point in this country where this is a monumental election, where we're going to forever change -- when you start thinking about issues with regard to the Supreme Court, you need somebody to step up and lead. And that's what I'm bringing to the table. So the issues that I'm addressing are issues that resonate across this country. When you start thinking about national security issues. When you start thinking about energy independence. When you start thinking about fiscal responsibility and coming up with real solutions to deal with our debt.

It doesn't matter if you're Republican, Democrat, unaffiliated, if you're a American, if you love this country, we must buckle down and address these issues today because the next generation is going to suffer if we don't do our job.

GLENN: How do you do that with the next generation not paying attention because they don't believe in anybody? They don't believe in the parties. They don't believe in anything any politician can do. They see it as broken. They're going to pay the price. And, quite honestly, we are the -- this is the first time in my life that I have seen a culture that the facts do not matter, on either side.

DARRYL: Well, I happen to be blessed -- I have two millennials. And our campaign has been very successful being able to bring them into the fold because, one, we empower them and give them leadership positions within my organization. And we're including them in the conversation and talking with them instead of at them and showing them that if we support certain things -- that, really, when you think about the potential liberty infringements upon the millennials, they get that. They also get the importance of the debt and the fact that, guess what, they're going to be the ones that will have to deal with that.

So I'm very optimistic, at least about the millennials that we've been in contact with. And we're going to continue to work with them and empower them and invite them to be a part of our team. That's why we're telling everybody to go to ElectDarrylGlenn.com.

GLENN: So sitting Senator Michael Bennet, he's not going to debate with you. He's skipping the debate. You could look at him as the deciding vote that gave us Obamacare. He likes the Iran Nuclear Deal. He's a fan with Planned Parenthood. Seems to be okay with abortion. Even on board with population control with the United Nations.

If the good people of Colorado reelect Michael Bennet, would you say that is evidence that legalizing marijuana is a really bad thing? Maybe everyone was high.

DARRYL: Well, I think that -- well, luckily we won't have that problem because I'm going to win this race.

GLENN: How -- how is this the legalization of marijuana working out there? Has that changed anything? Go ahead.

DARRYL: It really has opened up, you know, a discussion about the pushback and whether or not we're going to stand up for the Tenth Amendment, states' rights or not. It's really opened up that discussion.

And there are some unintended consequences. And I still believe there's still more discussion that needs to occur. So you're going to continue see me to push to try to resolve that conflict. Because you either respect states' rights, or you need to do something else. And so we've got a long way to go.

GLENN: There's one more question, there's a lot of people in the Senate you could buddy up with. Who do you see in the Senate that you think, "I have to be in this group of senators. I want to be around these people?"

DARRYL: Well, I've -- believe it or not, I was just there yesterday. And I met with so many senators. And I generally get along with every single person that I've worked with or at least have talked to. And they've come out to campaign for me.

Senator Lankford is a personal hero of mine because we have a very deep connection when it comes to faith. Tim Scott has come out. Ted Cruz has come out. Mike Lee. Rand Paul. These are all guys that I really -- Ben Sasse, are all guys that I really personally see ideologically a lot alike.

GLENN: Wow. Hang on just a second, Darryl. I want everybody in this audience, if you feel small and insignificant like you haven't made a difference, remember in 2012 where we were. Could you list those senators again that you like?

DARRYL: Sure. I personally have relationships with Ben Sasse, with Ted Cruz, with Mike Lee, with Rand Paul, with Tim Scott, with -- when you start thinking about Senator Lankford, it's unbelievable. And guess what, I even shook hands with Mitch McConnell --

GLENN: Ooh. Ooh.

DARRYL: -- and he is supportive of my campaign. And so trust me, they are realizing that we need the Senate and they need Darryl Glenn in the Senate.

GLENN: Yeah.

Well, Darryl, it is great to talk to you. Elect Darryl Glenn is the website, is that right?

DARRYL: ElectDarrylGlenn.com.

GLENN: ElectDarrylGlenn.com is the website. And we think that you're somebody definitely to watch and if we were living in Colorado, we would definitely be voting for you. I should speak for myself: I would be voting for you, from what I know. And it's great to have you on the program. And best of luck to you.

DARRYL: Thank you and God bless.

GLENN: Thank you.

Look at that list. Is that -- was that not amazing?

STU: Some really good ones.

GLENN: And those were all from the Tea Party. Those were all from the Tea Party. There was a time where we couldn't name one in the Senate that we could trust.

Featured Image: Darryl Glenn arrives on stage during the evening session of the Republican National Convention at the Quicken Loans arena in Cleveland, Ohio on July 18, 2016. The Republican Party opened its national convention Monday, kicking off a four-day political jamboree that will anoint billionaire Donald Trump as the Republican presidential nominee. (Photo Credit: DOMINICK REUTER/AFP/Getty Images)

Glenn created "The Senate Fails to Condemn INFANTICIDE" in response to the Senate not passing Nebraska Senator Ben Sasses' bill banning infanticide early this year. In an effort to help support pro-life charities, Glenn first posted this for sale on eBay before being banned multiple times before we finally had enough and put it up for sale on bidpal.net.

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.