Glenn Raves About His New Favorite Book

Glenn is something of an aficionado when it comes to books on Adolf Hitler. That's why he was surprised to learn about one originally written in the 1930s, but published in 2002 after the manuscript was discovered by the author's family. The book --- Defying Hitler: A Memoir --- was written as a warning to the world by a young man who witnessed Hitler's rise to power.

"You name it, and I've read it on Hitler. I have gotten all the way down to I Was Hitler's Chauffeur, which isn't worth the read," Glenn said jokingly. "You will learn more important things about what happened and what allowed Hitler to take place than any other book I've ever read about the Second World War."

Not to be outdone, co-host Jeff Fisher mentioned that he's currently "reading" a picture book about Hitler.

Enjoy this complimentary clip from The Glenn Beck Program:

GLENN: Have I told you guys about Defying Hitler? Did I tell you guys about it yesterday?

STU: No.

GLENN: Stu is fresh meat. Fresh meat.

JEFFY: Yeah, Stu has been gone.

GLENN: Stu, remember when I said, you need to read Garden of Beasts?

STU: Yes.

GLENN: And remember you guys heard it for about six months, until you couldn't take it anymore?

STU: Oh, my gosh. Yes. I finally had to read it.

GLENN: Right.

And then you read it, and you came back, and you were like...

STU: It was awesome.

GLENN: Right. And the reason I wanted you to read it was because it was a different perspective on Germany than you had ever read before, right?

STU: Uh-huh. Great book. By the way, supposedly going to be a movie at some point.

GLENN: I'm telling you, this one, A, it's a lot shorter. This book that I've recently found is 100 times Garden of Beasts.

And what it is, is a guy who was German, was growing up in Germany, came of age about 1920. So he was a teenager during the first world war. He started writing it in the '30s, but he's going after all his recollections, starting at 1914. So he remembers what Germany was.

STU: Uh-huh.

GLENN: Okay? Then he remembers the war. And he talks about the war and what happened. Then the 1920s. The Weimar Republic. Hyperinflation. He talks about that.

And then the coming of Hitler. And then Hitler and who he was and what happened.

This book was written in the '30s as a warning to the world. He escaped Germany and came to the United States. Became a professor. He became a huge author of historic books. He's -- he wrote the quintessential book on who Adolf Hitler really was, his character and his personality, back in like 1972. He dies.

His family finds on a shelf this manuscript in 2003 or 2006, something like that. It's published, becomes a big best-seller during the Bush years. I had never heard of it. Saw somebody reading it the other day. And I was like, what is that? Defying Hitler. And I said, "Ooh, that sounds good." And they started talking to me about it. You name it, and I've read on Hitler. I have gotten all the way down to I Was Hitler's Chauffeur, which isn't worth the read. But, anyway, I started reading this book. You will learn more important things about what happened and what allowed Hitler to take place than any other book I've ever read about the Second World War. It has a completely different point of view because he's not writing it from the point of view of the Nazis and what they were doing it. He's writing it from the point of view of the youth of the day.

And he was -- he was young. Okay? So he was in his teens when America -- or, when Germany was a certain way. And that 9/11 event, if you will, that changed them, was the first world war. Then they came back, and they were at each other's throats politically. And the churches were at each other's throats.

And then jobs were hard to find. And then they started printing money. And then money became -- you couldn't -- you know, we've read a million times that when you got paid, you stopped working, cashed your check, went in and bought anything you could in the store. Right?

STU: Uh-huh.

GLENN: Because a week from now, by the end of your workday, it would be -- your paycheck would be worthless.

STU: Uh-huh.

GLENN: What he talks about is -- and I've never heard this. It was the stock market that anybody -- anybody who didn't have a family, they took their money and they immediately poured it into the stock market. And they got wildly wealthy.

Now, think of this. Why don't we have hyperinflation? Why isn't our meat and milk and everything else -- why isn't that reflective of the $4 trillion that we have just pumped into the system, right?

If I said, ten years ago, you put $2 trillion into this system and you're going to start to see massive inflation. Okay? We're 4 trillion. Where's the inflation? You know this. I know you know this. You're going to go, of course, yes, when I say it.

The stock market. He need says, "Well, there's no -- the fundamentals are gone." What they should be saying is, "The stock market is reflective of hyperinflation." Because the stock market is a reflection of who has the money.

PAT: That and velocity.

GLENN: Right.

PAT: I mean, there's a couple of --

GLENN: So they don't -- so the people who got the money are the big corporations, the big banks. They're not giving it to you and me.

So we don't have too many dollars chasing too far goods. They do. And so that's why big elaborate houses are still going through the roof. The rich are starting to feel that inflation. And it's concentrated in the stock market. Okay?

STU: Uh-huh.

GLENN: Well, that's the same thing that happened in Germany. They started constantly -- but everybody was doing it. I'm sorry, the youth without children were taking -- they were buying a little bit of food to last them the week to the next paycheck. Then they were taking all that money and putting it into the stock market. And the stock market did what it's doing now.

And now here's what happened: Now, think of this. I've never heard this point of view before. And I think this is accurate.

He says in reading -- remember, he's writing in the mid-'30s as a warning to the West. You don't know who this guy is, and you don't know what happened to Germany.

The older people in Germany are not with him. The youth are with him. And here's why: Because they were too young to really understand the real German society. The German ethics and being kind to each other because they went -- they came of age during the war. And then they came to age during the war. And then right after the war, then the people turned on themselves, were arguing politics, demonizing each other. The Weimar Republic came in, delegitimized the money. All morals went out the window.

So if you're 25, you have no kids, you're going out to the cabaret every night, you are with -- you have a ton of money because you put it all in the stock market. You're living large. You're a titan. You're getting all of the girls. Your life is absolutely sweet.

Then what happens? At the end of the Weimar Republic, a sensible guy comes in, an older statesman comes in and says, "I can fix the hyperinflation." He fixes the hyperinflation. He fixes the fact that -- he says, "For two years, during this guys' rule, we're not even talking about politics anymore."

No one is arguing politics. We're on the road back to the way we were.

But all those youth who were bank presidents -- they were 25-year-old bank presidents, they're not bank presidents anymore. Because they were all discredited because it was a game of -- it was a shell game. It was like Wall Street, you know, the movie. Just a shell game. So those guys don't -- they have to go now into other jobs and work hard for their money. And those days are over for them. Those glory days. They want the glory days. So when Hitler comes in and says, "We're going to set the rules. We're going to privatize business with us -- and if you're in with the Nazi party, you're going to be able to make it." They recognize this game of -- just do -- the ends justify the means.

And I could have that life back. So the youth throw their lot in with Hitler. And that's why it worked. I had never heard of that before.

STU: It's really interesting.

GLENN: That's like the first third of the book. It's really good. Called Defying Hitler.

STU: I'm in. I'm in. I just finished Hitler: Ascent.

GLENN: I have not read that one.

STU: It's the new like -- the ascent is till 1939. So it's a two-part series. The 1,000 books per edition. A dozen pages per edition. You know, one of those types of books. But, I mean, fascinating.

Just the chapter on Hitler and the churches is so worth your time. If you've ever had the argument with someone on Facebook where they say, "These mass murders are fueled by religion." Hitler? He was. Look at this quote by Hitler. He says --

GLENN: All prior to 1933.

STU: All of it happened really early on, in the first few weeks of his reign as chancellor. But, I mean, the behind-the-scenes quotes they have from this guy, his entire mission was to discredit the churches afterwards.

It was like, living space, get rid of the Jews, then let's get rid of the churches.

GLENN: Shocking.

STU: That was his plan. And he used those relationships, tried to destroy the churches, and the quotes they have from him and Goebbels, and -- it's amazing.

GLENN: Hitler's Ascent?

STU: Hitler: Assent. It's -- Volker Ullrich is the guy who wrote it. It's the new sort of --

GLENN: Oh, Volker? Yeah.

STU: Oh, yeah.

I mean, it's amazing.

It's the new, like, biography on Hitler. The new one. Every ten to 15 years a new one gets written.

GLENN: Yeah. And that's the problem too because the farther we get away from these guys --

STU: It's a double-edged sword.

GLENN: Yeah, it's a double-edged sword. You want to be -- the time to write it is when some of the people are still alive, but they're not powerful. So at the end of their life. So they can still -- you can still check and say, right? Right? Right?

STU: Yeah.

GLENN: And if you use original sources, you're good. So the first ones that are written in the first 30 years are probably a little skewed. Probably. Unless they're attached entirely to original first person sources.

STU: Right. And so you had -- you've had this where -- Joachim Fest had one, which was influenced by a lot of the people who were alive, but a lot of the people who wanted to rehabilitate their reputations.

Albert Speer, being the main one. And that one came later.

Kershaw's in 2000, I think, was seen as the standard. And this one I think -- because while you're right, a lot of these guys aren't around anymore to tell the stories, more and more documentation has come out.

And really, I mean, the fuel for the industry, if you want to say the Hitler -- you know, the Goebbels diaries. Those changed the world on how much we understand. The guy was writing a diary entry about every meeting he was having during the era.

GLENN: That's the great thing -- and the Founders too.

But with Founders, they stopped using those diaries. They stopped using the original sources because it didn't give them the narrative they were looking for.

The narrative on the Nazis is, they were bad guys. And so their diaries back all of that stuff up. So as long as you're pegged to original sources, you're good.

STU: This has been Hitler book corner.

PAT: I just finished Hitler's Mailman's Neighbor.

GLENN: Did you? Wow.

STU: Oh, wow.

PAT: Yeah. He died in 1934. So he doesn't have a lot of perspective. But he talked about the junk mail he heard Adolf got early in his chancellorship.

GLENN: Original sources and footnoted?

PAT: All footnoted.

STU: Can I get your copy? Do you mind if I borrow it?

PAT: 823 pages of footnotes.

GLENN: So the three books -- the three books -- one I'm talking about is Defying Hitler. Hitler Ascent is Stu's. And Hitler's Mailman's Next-door Neighbor.

PAT: Mailman Next-door Neighbor is the third one.

GLENN: Thank you very much.

PAT: Uh-huh.

STU: It's a long read. Pat's, I will say is a little bit academic.

GLENN: There's no pictures even of the mailbox.

PAT: It's 2400 pages.

GLENN: And he dies before 33.

PAT: He dies --

JEFFY: My Hitler book has pictures.

GLENN: Amazing.

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.