Accomplishment Builds Self-esteem, Not Participation Trophies

So you got a medal for coming in last? No wonder you feel bad about yourself. It turns out accomplishment builds self-esteem, not participation trophies.

In an interview that's gone viral, author and motivational speaker Simon Sinek nails the four main reasons for Millennial unhappiness: poor parenting, social media, impatience and environment.

"Who was it that was standing against the awards for last place?" Glenn asked on his radio program Monday.

Why conservatives, thank you very much.

Working hard to overcome challenges makes you feel capable and smart. The other failed strategies, combined with the overwhelming presence of social media, make you feel entitled, unhappy and disconnected.

Listen to this segment from The Glenn Beck Program:

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

GLENN: Welcome to the program. So glad that you're here. Let's go with Simon Sinek in an interview that he did about millennials, in front of a crowd about, what is -- what is really happening with millennials? And how do we reach out to millennials? What do we need to do to get them truly engaged? Because there is a sense of entitlement there. Listen.

SIMON: The generation that we call the millennials, too many of them grew up subject to -- not my words -- failed parenting strategies. You know, where, for example, they were told that they were especially all the time. They were told that they could have anything they want in life, just because they want it, right?

They were told -- some of them got into honors classes, not because they deserved it, but because their parents complained. And some of them got A's, not because they earned them, but because the teachers didn't want to deal with the parents.

GLENN: Can we stop for a second?

Who's -- where did that failed parenting strategy come from? Let me reverse that: Who was it that was standing against the awards for last place?

PAT: Oh, conservatives.

STU: Right.

JEFFY: Yeah.

GLENN: Conservatives were all saying --

PAT: Yeah, we begged you not to.

GLENN: "This is not going to work. This is not going to work."

PAT: My gosh, at the top of our lungs, we were screaming that.

GLENN: Right. Right.

So I think the first thing, we just need to put on the chalkboard, just point number one: Not all of America was behind this --

PAT: In no way would Simon recognize that. But it's a fact.

GLENN: I think he would. I think he would.

PAT: I don't think he would, but we should ask him.

STU: And to back Simon with the stats on that, in 1940, 14.9 percent of college grades were A's. 14.9 percent. Today it's 45.3 percent.

PAT: Yeah, it's even worse in the Ivy League schools. Even worse.

GLENN: They're that much smarter.

STU: They're that much smarter, right.

Think about that, when he talks about people achieving these things without achieving them, I mean, there's no way -- if it's true that they're that much smarter, then the classes should be harder. You shouldn't be giving half the grades an entire -- not just one school or one class, all of college, half of them are A's.

PAT: And we should have the greatest school system in the world year in and year out.

GLENN: In the world. And it doesn't happen that way.

Anyway, he goes on to diagnose the problem.

SIMON: Participation medals. You got a medal for coming in last, right? Which the science we know is pretty clear, which it devalues the medal and the reward for those who actually work hard. And that actually makes the person who comes in last feel embarrassed because they know they don't deserve it. So it actually makes them feel worse. Right?

GLENN: Hello.

SIMON: So you take this group of people. And they graduate school, and they get a job. And they're thrust into the real world.

And in an instant, they find out they're not special. Their moms can't get them a promotion. That you get nothing for coming in last.

And, by the way, you can't just have it because you want it. Right?

And in an instant, their entire self-image is shattered. And so you have an entire generation that's growing up with lower self-esteem than previous generation. The other problem, to compound it is we're growing up in a Facebook, Instagram world. In other words, we're good at putting filters on things. We're good at showing people that life is amazing, even though I'm depressed. Right?

GLENN: Okay. Stop for a second. Notice that the first problem -- he wrapped all of that -- failed parenting strategies. He wrapped that up with the diagnosis of what? What does he say that all led to? This is such a huge, huge problem. What does he say?

PAT: Social media.

GLENN: No. Uh-uh. That's point number two.

PAT: Looking for --

STU: Self-esteem.

PAT: Self-esteem.

GLENN: He said the lowest self-esteem on record.

STU: Which is crazy. Because it seems every strategy today is to make them have higher self-esteem. But it fails.

GLENN: But it fails. Because you're not having to actually accomplish anything.

PAT: Because it's artificial. It's artificial. You can't tell somebody they're great if they're not.

GLENN: They know it.

STU: That's why we can't handle Jeffy.

JEFFY: Good to have you back, boy.

GLENN: When they're on the team and they know that nobody is really listening to me. I'm not -- I'm just on this team for whatever reason. I've got pictures of the boss.

PAT: Uh-huh.

GLENN: People know, "I'm not making a difference. Nothing I do is really helping anything." When you have that, low self-esteem kicks in. They want -- I hear this from employee after employee after employee. I just want to do something that makes a difference.

So when they're saying low self-esteem and when millennials say, "I want to make a difference," what they're saying is, "I have low self-esteem. I have to do something that means something." This is what is propelling them, I believe, in their boots on the ground kind of activities, where they say, I don't want to just talk about it. I want to go out and do it.

They've heard the talk about how special they are their whole life. They know they're not. They know that's a lie. And because of that, they have low self-esteem.

So now they're really motivated to stop talking about it and go actually do it, but getting there is the hard part.

SIMON: Everybody sounds tough, and everybody sounds like they got it all figured out. And the reality is, there's very little toughness, and most people don't have it figured out.

And so when the more senior people say, "Well, what should we do?" They sound like, "This is what you got to do." And they have no clue.

(laughter)

Right?

So you have an entire generation growing up lower self-esteem than previous generations, right? Through no fault of their own. Through no fault of their own. They were dealt a bad hand, right?

Now, let's add in technology. We know that engagement with social media and our cell phone phones releases a chemical called dopamine. That's why when you get a text: It feels good. Right?

So we've all had it where you're feeling a little bit down or feeling a bit lonely. And so you send out ten texts to ten friends. You know, hi, hi, hi, hi. Because it feels good when you get a response, right? Right?

It's why we count the likes. It's why we go back ten times -- and if it's going -- if my Instagram is growing slower, did I do something wrong? Do they not like me anymore?

The trauma for young kids to be unfriended. Right? Because we know when you get it, you get a hit of dopamine, which feels good. It's why we like it. It's why we keep going back to it.

Dopamine is the exact same chemical that makes us feel good when we smoke, when we drink, and when we gamble.

In other words, it's highly, highly addictive. Right?

We have age restrictions on smoking, gambling, and alcohol. And we have no age restrictions on social media and cell phones, which is the equivalent of opening up the liquor cabinet and saying to our teenagers, "Hey, by the way, this adolescence thing, if it gets you down..."

But that's basically what's happening. That's basically what's happening. Right? That's basically what happened. You have an entire generation that has access to an addictive, numbing chemical called dopamine, through social media and cell phones as they're going through the high stress of adolescence. Why is this important?

Almost every alcoholic discovered alcohol when they were teenagers. When we were very, very young, the only approval we need is the approval of our parents. And as we go through adolescence, we make this transition where we now need the approval of our peers.

Very frustrating for our parents, very important for us. It allows us to acculturate outside of our immediate families into the border tribe. Right?

It's a highly, highly stressful and anxious period of our life, and we're supposed to learn to rely on our friends.

Some people, quite by accident, discover alcohol and numbing effects of dopamine to help them copy with the stresses and anxieties of adolescence. Unfortunately, that becomes hard-wired in their brains. And for the rest of their lives, when they suffer significant stress, they will turn to a person. They will turn to the bottle: Social stress, financial stress, career stress. That's pretty much the primary reasons why an alcoholic drinks, right?

What's happening is, because we're allowing unfettered access to these dopamine-producing devices and media, basically it's becoming hardwired.

And what we're seeing is, as they grow older, they -- too many kids don't know how to form deep, meaningful relationships. Their words, not mine.

GLENN: Okay. Stop. Stop.

PAT: Uh-huh.

GLENN: Jeffy say it. Where am I taking that?

JEFFY: Go ahead, Glenn. It's all you.

GLENN: That is exactly -- this -- this adds fuel to the fire of my concern about gaming the way it's being done with virtual reality and what is coming. It is -- it is giving you a full -- soon, a full sensory gratification. You will get what you -- what you want.

JEFFY: No need for any other human.

GLENN: No need for human interaction.

PAT: Yeah. As soon as the --

GLENN: And they won't know how to do it.

PAT: As soon as the VR thing is perfected, it will be the artificial thing they're looking for. But it's just that, it's artificial.

GLENN: So what do -- how do we not become Japan? Seriously, Japan, they can't get people to breed. They cannot get people to have sex with one another.

Now, I don't know what weird stuff is happening in Japan that stops that, but it's not happening in Japan. And they're -- there won't be any Japanese people left, you know, in 100 years.

PAT: Yeah, their replacement rate, is it negative now?

GLENN: It can't be negative.

PAT: It's almost zero. But it certainly -- it's at an unhealthy level for sure.

GLENN: Yeah.

PAT: It's at an extinction rate.

GLENN: Yeah, it's past the point of no return.

PAT: Uh-huh.

GLENN: So when we -- now we're encouraging people not to have relationships.

Now, Saturday, I heard my son -- he was in the kitchen. I was in the kitchen. And he was playing, I don't know, Minecraft or something. And he was playing it with two friends together, and they each had boxes up on the -- you know, up on the screen.

JEFFY: Yeah.

GLENN: They were two girls that he was playing them with. Who were his friends.

And I saw normal interaction. I was listening to them while I was working in the kitchen and listening to them. And it sounded like absolute normal interaction. So what's the problem with that?

I'm trying to diffuse myself from being so phobic about that. He seems to have normal interaction. It's just different. It's just not --

PAT: Third person.

GLENN: But he's still looking at them.

PAT: Yeah. Uh-huh.

STU: I think just, what is normal interaction, changes. It's something we talked about with going to a concert. You go to a concert and all you see are phones. And every person like me or older says the same thing: Why don't you experience the freaking show you paid for instead of filming it?

JEFFY: That is it.

STU: But that is how they experience the show. They don't experience the show by looking at the show. They experience the show by holding up their phone and recording it so they can post it later. That is their experience at a concert.

GLENN: Yes.

PAT: And some artists are starting to push back against that. Right? Was it Adele?

JEFFY: Yeah. She's hollered at her audience before.

PAT: "Would you put the phone down and just watch the show -- enjoy the show. Experience the show."

JEFFY: I would say: You cash the check, I'll watch it any way I want. Sing.

PAT: Yeah. Yeah.

GLENN: I will tell you though that it happens all the time. When I meet people, we'll go out places -- there's one person, if we're in a group, there's one person who I never actually interact with -- usually a parent standing there with a phone, and they're only talking to me through the phone or talking to their child through the phone stop we never make eye contact. And I always feel bad because I feel like they were ripped off.

PAT: Yeah, they missed it. They missed it.

GLENN: They never had that personal connection. They did through the phone.

PAT: But we'll get to experience it later, Glenn.

GLENN: I know. It's weird. It's weird.

PAT: That is weird.

GLENN: Now, this.

Last week, we talked about the coastal buffers and how they weaken hurricanes at landfall. Now scientists are calling this a lucky phenomena. Scientists are discovering how incredibly prepared Mother Nature is for dealing with natural disasters.

By the way, do you remember -- we have to play this. The -- what's her name from -- in Congress from California that said the Sierra Nevada is soon -- like seven years or ten years -- she said this about ten years ago. Won't have snow.

PAT: Is that Boxer?

GLENN: Yeah, it was Barbara Boxer. We have to find that. Because they're about to have 20 feet of snow from the last week and a half. I think they had 3 feet drop on them yesterday alone.

Anyway, Mother Nature is prepared for disasters. If you're caught in a natural disaster like a hurricane or some other emergency, are you prepared to feed your family? My Patriot Supply is there right now with a 72-hour emergency food kit.

Now, this is something that the Department of Homeland Security -- everybody who is reasonable would say, "You should have three days of food." Because we are such a society that runs to the store -- I love that -- we talked about it yesterday when it snowed here in Dallas. It was just flurries yesterday morning here in Dallas. And I see -- I see the flurries. And my kids immediately repeat that viral video from that comedian up in New Jersey. Got to get the milk. Got to get the milk. Got to get the milk.

You see a snowflake, and you realize, "Got to get the milk." Because I've got nothing in my house. 72-hour emergency food kit right now. Ten dollars per family member for three days. Breakfast, lunch, and dinner. And all the snacks and the drinks and everything else. Breakfast, lunch, and dinner for three days, $10. 800-200-9031. 800-200-9031. Save over 60 percent right now. Ten dollars. Family of four, for 40 bucks. PreparewithGlenn.com. That's preparewithGlenn.com.

(OUT AT 8:23AM)

GLENN: So we've been listening to Simon Sinek talk about the problem that the millennials face. And really, not by their fault. They were raised with bad parenting strategies that many of us have fought against for a long time, and now we realize, "Oh, gee, everybody gets a trophy isn't healthy for society." And so now, how do we get out of this? You want to go to his solution?

PAT: Yeah.

GLENN: Yeah. Here's his solution.

SIMON: Which leads me to the fourth point, which is environment. Which is, we're taking this amazing group of young, fantastic kids who were just dealt a bad hand. It's no fault of their own. And we put them in corporate environments that care more about the numbers than they do about the kids.

GLENN: Okay. Stop for a second.

PAT: I'm sorry. It's not a corporation's responsibility to raise children when they're 32 years old.

JEFFY: When all they care about is making money.

GLENN: Hold on just a second.

PAT: Come on.

GLENN: We may be speaking different languages. So let me go there first.

PAT: I'm speaking English. You are speaking?

GLENN: I'm learning to speak progressive.

(laughter)

GLENN: I'm learning to speak the language that is being spoken all around us.

PAT: Yes, you are. Yes. So how do you put this in a progressive way?

GLENN: So what he's saying here is, I think you're hearing this in a progressive way. I think if I would rephrase --

PAT: Especially knowing him, yeah --

GLENN: I agree. I agree. So let me now say it this way.

First of all, do we generally agree it is their responsibility to fit in the world? The world doesn't -- the world doesn't shapeshift for you.

PAT: Right. The millennials have to fit in.

GLENN: You have to find your way in.

PAT: Yes. Yes.

GLENN: So when he says, at no fault of their own, you can say, yes -- society raised them. Their parents raised them in a certain way. And they were used as guinea pigs to experiment on, something that we took all eternal principles and threw them out the window and said, "Hey, being first is just as good at being last," right?

So through that part, no fault of their own. However, once their life starts to fall apart, it is their responsibility, correct?

PAT: Yeah, there's personal responsibility at every step, right?

GLENN: Every step. But when you're a kid and everything in society is training you to go one way, you generally don't say --

PAT: It's difficult.

GLENN: -- well, that doesn't make sense to me.

STU: Over your life you should reexamine those things, of course.

GLENN: But what does it take for you to reexamine your life?

PAT: It takes a crash. You have to hit a bottom.

GLENN: Something has to go wrong.

STU: The most common.

GLENN: Something has to go wrong. And it could be just as much, I keep getting these trophies, and I feel like crap. I keep getting -- I keep getting everything I want, and I'm not happy at all.

That's the most likely crash. But that crash will lead to suicide.

JEFFY: And that crash is coming.

GLENN: Yes.

JEFFY: He cites some numbers.

GLENN: Suicide. So that crash is a crash of no self-esteem. Because nothing has ever given you self-esteem because you've never been taught what self-esteem comes from. And that is accomplishment. Okay?

PAT: Yeah.

GLENN: Doing something. Even if it is -- it's like -- when you go clean your house or when you were a kid and you cleaned your room, you felt good after cleaning your room.

PAT: Yeah. Even though you didn't want to, to begin with.

GLENN: Correct. There's something to be said for accomplishment.

So now, let me show you what he just said, I think, about, it's the corporation's responsibility. No, it's not.

Well, yes. Kind of, it is. We'll go there next.

Rapper Kendrick Lamar brings white fan onstage to sing with him, but here’s the catch

Matt Winkelmeyer/Getty Images for American Express

Rapper Kendrick Lamar asked a fan to come onstage and sing with him, only to condemn her when she failed to censor all of the song's frequent mentions of the “n-word" while singing along.

RELATED: You'll Never Guess Who Wrote the Racist Message Targeting Black Air Force Cadets

“I am so sorry," she apologized when Lamar pointed out that she needed to “bleep" that word. “I'm used to singing it like you wrote it." She was booed at by the crowd of people, many screaming “f*** you" after her mistake.

On Tuesday's show, Pat and Jeffy watched the clip and talked about some of the Twitter reactions.

“This is ridiculous," Pat said. “The situation with this word has become so ludicrous."

What happened?

MSNBC's Katy Tur didn't bother to hide her pro-gun control bias in an interview with Texas Attorney General Ken Paxton in the wake of the Santa Fe High School killings.

RELATED: Media Are Pushing Inflated '18 School Shootings' Statistic. Here Are the Facts.

What did she ask?

As Pat pointed out while sitting in for Glenn on today's show, Tur tried to “badger" Paxton into vowing that he would push for a magical fix that will make schools “100 percent safe." She found it “just wild" that the Texas attorney general couldn't promise that schools will ever be completely, totally safe.

“Can you promise kids in Texas today that they're safe to go to school?" Tur pressured Paxton.

“I don't think there's any way to say that we're ever 100 percent safe," the attorney general responded.

What solutions did the AG offer?

“We've got a long way to go," Paxton said. He listed potential solutions to improve school safety, including installing security officers and training administrators and teachers to carry a gun.

Pat's take:

“Unbelievable," Pat said on today's show. “Nobody can promise [100 percent safety]."

Every president from George Washington to Donald Trump has issued at least one executive order (with the exception of William Harrison who died just 31 days into his presidency) and yet the U.S. Constitution doesn't even mention executive orders. So how did the use of this legislative loophole become such an accepted part of the job? Well, we can thank Franklin Roosevelt for that.

Back at the chalkboard, Glenn Beck broke down the progression of the executive order over the years and discussed which US Presidents have been the “worst offenders."

RELATED: POWER GRAB: Here's how US presidents use 'moments of crisis' to override Constitutional law

“It's hard to judge our worst presidential overreachers on sheer numbers alone," said Glenn. “However, it's not a shock that FDR issued by far the most of any president."

Our first 15 presidents issued a combined total of 143. By comparison, Franklin D. Roosevelt issued 3721, more than twice the next runner up, Woodrow Wilson, at 1803.

“Next to FDR, no other president in our history attempted to reshape so much of American life by decree, until we get to this guy: President Obama," Glenn explained. “He didn't issue 3000, or even 1800; he did 276 executive orders, but it was the power of those orders. He instituted 560 major regulations classified by the Congressional Budget Office as having 'significant economic or social impacts.' That's 50 percent more regulations than George W. Bush's presidency — and remember, everybody thought he was a fascist."

President Obama blamed an obstructionist Congress for forcing him to bypass the legislative process. By executive order, President Obama decreed the U.S. join the Paris Climate Accord, DACA, the Clean Power Plan and transgender restrooms. He also authorized spying in US citizens through section 702 of FISA, used the IRS to target political opponents and ordered military action in Libya without Congressional permission.

All of these changes were accepted by the very people who now condemn President Trump for his use of executive orders — many of which were issued to annul President Obama's executive orders, just as President Obama annulled President Bush's executive orders when he took office … and therein lies the rub with executive orders.

“That's not the way it's supposed to work, nor would we ever want it to be," said Glenn. “We have to have the Constitution and laws need to originate in Congress."

Watch the video above to find out more.

Six months ago, I alerted readers to the very attractive benefits that the TreasuryDirect program offers to investors who are defensively sitting on cash right now.

Since then, those benefits have continued to improve. Substantially.

Back in November, by holding extremely conservative short-term (i.e., 6-months or less) Treasury bills, TreasuryDirect participants were receiving over 16x more in interest payments vs keeping their cash in a standard bank savings account.

Today, they're now receiving over 30 times more. Without having to worry about the risk of a bank "bail-in" or failure.

So if you're holding cash right now and NOT participating in the TreasuryDirect program, do yourself a favor and read on. If you're going to pass on this opportunity, at least make it an 'eyes-wide-open' decision.

Holding Cash (In Treasurys) Now Beats The Market

There are many prudent reasons to hold cash in today's dangerously overvalued financial markets, as we've frequently touted here at PeakProsperity.com.

Well, there's now one more good reason to add to the list: holding cash in short-term Treasurys is now meeting/beating the dividend returns offered by the stock market:

"Cash Is King" Again - 3-Month Bills Yield More Than Stocks (Zero Hedge)
'Reaching for yield' just got a lot easier...
For the first time since February 2008, three-month Treasury bills now have a yield advantage over the S&P; 500 dividend yield (and dramatically lower risk).
Investors can earn a guaranteed 1.90% by holding the 3-month bills or a risky 1.89% holding the S&P; 500...

The longest period of financial repression in history is coming to an end...

And it would appear TINA is dead as there is now an alternative.

And when you look at the total return (dividends + appreciation) of the market since the start of 2018, stocks have returned only marginally better than 3-month Treasurys. Plus, those scant few extra S&P; points have come with a LOT more risk.

Why take it under such dangerously overvalued conditions?

If You Can't Beat 'Em, Join 'Em

In my June report Less Than Zero: How The Fed Killed Saving, I explained how the Federal Reserve's policy of holding interest rates at record lows has decimated savers. Those who simply want to park money somewhere "safe" can't do so without losing money in real terms.

To drive this point home: back in November, the average interest rate being offered in a US bank savings account was an insutling 0.06%. Six months later, nothing has changed:

(Source

That's virtually the same as getting paid 0%. But it's actually worse than that, because once you take inflation into account, the real return on your savings is markedly negative.

And to really get your blood boiling, note that the Federal Reserve has rasied the federal funds rate it pays banks from 1.16% in November to 1.69% in April. Banks are now making nearly 50% more money on the excess reserves they park at the Fed -- but are they passing any of that free profit along to their depositors? No....

This is why knowing about the TreasuryDirect program is so important. It's a way for individual investors savvy enough to understand the game being played to bend some of its rules to their favor and limit the damage they suffer.

Below is an updated version (using today's rates) of my recap of TreasuryDirect, which enables you to get over 30x more interest on your cash savings than your bank will pay you, with lower risk.

TreasuryDirect

For those not already familiar with it, TreasuryDirect is a service offered by the United States Department of the Treasury that allows individual investors to purchase Treasury securities such as T-Bills, notes and bonds directly from the U.S. government.

You purchase these Treasury securities by linking a TreasuryDirect account to your personal bank account. Once linked, you use your cash savings to purchase T-bills, etc from the US Treasury. When the Treasury securities you've purchased mature or are sold, the proceeds are deposited back into your bank account.

So why buy Treasuries rather than keep your cash savings in a bank? Two main reasons:

  • Much higher return: T-Bills are currently offering an annualized return rate between 1.66-2.04%. Notes and bonds, depending on their duration, are currently offering between 2.6% - 3.1%
  • Extremely low risk: Your bank can change the interest rate on your savings account at any time -- with Treasury bills, your rate of return is locked in at purchase. Funds in a bank are subject to risks such as a bank bail-in or the insolvency of the FDIC depositor protection program -- while at TreasuryDirect, your funds are being held with the US Treasury, the institution with the lowest default risk in the country for reasons I'll explain more in a moment.

Let's look at a quick example. If you parked $100,000 in the average bank savings account for a full year, you would earn $60 in interest. Let's compare this to the current lowest-yielding TreasuryDirect option: continuously rolling that same $100,000 into 4-week T-Bills for a year:

  1. Day 1: Funds are transferred from your bank account to TreasuryDirect to purchase $100,000 face value of 4-week T-Bills at auction yielding 1.68%
  2. Day 28: the T-Bills mature and the Treasury holds the full $100,000 proceeds in your TreasuryDirect account. Since you've set up the auto-reinvestment option, TreasuryDirect then purchases another $100,000 face value of 4-week T-Bills at the next auction.
  3. Days 29-364: the process repeats every 4 weeks
  4. Day 365: assuming the average yield for T-Bills remained at 1.68%, you will have received $1,680 in interest in total throughout the year from the US Treasury.

$1,680 vs $60. That's a 27x difference in return.

And the comparison only improves if you decide to purchase longer duration (13-week or 26-week) bills instead of the 4-week ones:

Repeating the above example for a year using 13-week bills would yield $1,925. Using 26-week bills would yield $2,085. A lot better (34x better!) than $60.

Opportunity Cost & Default Risk

So what are the downsides to using TreasuryDirect? There aren't many.

The biggest one is opportunity cost. While your money is being held in a T-Bill, it's tied up at the US Treasury. If you suddenly need access to those funds, you have to wait until the bill matures.

But T-Bill durations are short. 4 weeks is not a lot of time to have to wait. (If you think the probability is high you may to need to pull money out of savings sooner than that, you shouldn't be considering the TreasuryDirect program.)

Other than that, TreasuryDirect offers an appealing reduction in risk.

If your bank suddenly closes due to a failure, any funds invested in TreasuryDirect are not in your bank account, so are not subject to being confiscated in a bail-in.

Instead, your money is held as a T-Bill, note or bond, which is essentially an obligation of the US Treasury to pay you in full for the face amount. The US Treasury is the single last entity in the country (and quite possibly, the world) that will ever default on its obligations. Why? Because Treasurys are the mechanism by which money is created in the US. Chapter 8 from The Crash Course explains:

As a result, to preserve its ability to print the money it needs to function, the US government will bring its full force and backing to bear in order to ensure confidence in the market for Treasurys.

Meaning: the US government won't squelch on paying you back the money you lent it. If required, it will just print the money it needs to repay you.

So, How To Get Started?

Usage of TreasuryDirect is quite low among investors today. Many are unaware of the program. Others simply haven't tried it out.

And let's be real: it's crazy that we live in a world where a 1.68-2.09% return now qualifies as an exceptionally high yield on savings. A lot of folks just can't get motivated to take action by rates that low. But that doesn't mean that they shouldn't -- money left on the table is money forfeited.

So, if you're interested in learning more about the TreasuryDirect program, start by visiting their website. Like everything operated by the government, it's pretty 'no frills'; but their FAQ page addresses investors' most common questions.

Before you decide whether or not to fund an account there, be sure to discuss the decision with your professional financial advisor to make sure it fits well with your personal financial situation and goals. (If you're having difficulty finding a good one, consider scheduling a free discussion with PeakProsperity.com's endorsed financial advisor -- who has considerable experience managing TreasuryDirect purchases for many of its clients).

In Part 2: A Primer On How To Use TreasuryDirect, we lay out the step-by-step process for opening, funding and transacting within a TreasuryDirect account. We've created it to be a helpful resource for those self-directed individuals potentially interested in increasing their return on their cash savings in this manner.

Yes, we savers are getting completely abused by our government's policies. So there's some poetic justice in using the government's own financing instruments to slightly lessen the sting of the whip.

Click here to read Part 2 of this report (free executive summary, enrollment required for full access)

NOTE: PeakProsperity.com does not have any business relationship with the TreasuryDirect program. Nor is anything in the article above to be taken as an offer of personal financial advice. As mentioned, discuss any decision to participate in TreasuryDirect with your professional financial advisor before taking action.