Harry Dent: We're Poised for a Cultural and Social Civil War

February 15, 2017

WRITER

Harry Dent, author of The Sale of a Lifetime: How the Great Bubble Burst of 2017-2019 Can Make You Rich, joined Glenn on radio today to talk about the economic bubble we're in --- and how the government is only prolonging and worsening the inevitable.

"Governments are trying to prevent the obvious: A natural generational down cycle, like we saw from 1969 to '82 and from 1930 to '42. This happens every 40 years, and we shouldn't prevent these cycles. We should let them happen and clear the decks of debt and excess capacity and bad companies to get efficient and prepare for the next generational boom. And we're not doing that," Dent said.

The government's answer has been to interfere with endless quantitative easing, infrastructure spending and globalization --- but it's all starting to fail.

"Globalization has peaked. The second big surge from World War II into recently has peaked. Globalization has been a great productivity tool --- better trade, all this stuff --- but it has gone too far," Dent said.

Listen to this segment from The Glenn Beck Program:

GLENN: Harry Dent is a friend of the program. Glad to have you back on, Harry. He's got a book out, The Sale of a Lifetime: How the Great Bubble Burst of 2017 Can Make You Rich.

Harry, you and I kind of look at the world in similar ways: I don't buy into -- let me say it this way: I believe in seasons. I believe in the Kondratiev way. I believe in expansion and contraction and that patterns repeat. But everyone wants to deny those patterns even though you can go back, you know, 100 years plus and see that those patterns are there. Can you explain the -- the cycles and principles of bubbles?

HARRY: Yeah. You know, this is a part of the entire creation. There's just no question about it. Everything goes up and down. It's even Newton's third law of physics. And that's what I do, is I study cycles.

And in the '80s, I discovered demographic cycles, which economists and nobody else I know of, have much of a clue on.

The Baby Boom drove us up with their spending from 1983 to 2007, just a 46-year lag on the birth index. That's how complex that was.

In 2008 into 2023, they drive us down. And, of course, governments have been fighting that with quantitative easing, and now Trump is going to come in and do fiscal stimulus and cut taxes and build infrastructure. It's not going to happen.

So that's --

GLENN: Wait. Wait. Wait. You're saying it's not going to happen. This is so important.

HARRY: Not going to happen, period.

GLENN: If you can explain a little bit. Because when you said this to me a while back and we were talking about real estate and you explained, "Glenn, the day of the big house is over for quite some time," and you explained it because of the demographic bubble, I got it for the first time. Can you explain that?

HARRY: Yeah, two things: People buy their house a little earlier. The biggest house, the McMansion, if you can afford one, before their peak in spending at 46, at age 41. That's why the housing bubble peaked ahead of the overall economy that started going down in 2008.

The housing started going down a few years earlier. And in addition to that, for the first time in history, we have a small -- or slightly, in this case, slightly smaller generation. In many countries, a lot smaller, like Germany in most of Europe and Japan and east Asia, a smaller generation to follow. Houses last forever.

We don't ever need to build another house in this country. And you've got 8 million empty homes in Japan and also a bunch in Germany and more to come because as people die, they become sellers. When there's more Baby Boomers dying than millennials buying houses, then you actually have net contraction in the need for homes, as we're already seeing in many countries.

So demographics is very predictive. It's scientific. You can project it decades into the future, including inflation. Including overall growth and contraction, housing, potato chips, car buying. They all happen at different times in the consumer lifestyle, but I know when. You know, life insurance actuaries can tell you when the average person is going to die. It's 79.6 in the US. I can tell you when they're going to buy everything from cradle to grave. You know, from baby cribs to nursing home.

GLENN: So what is the -- what do those demographics now say about 2017?

HARRY: Well, they say, first of all, we've been in a desk graphic down trend. Biggest boom in history from Baby Boomers now turns into the biggest bust. And if it weren't for quantitative easing, we'd all be in a depression because we also have an 80-year four-season cycle as you know. The winter season, I said decades ago, would be 2008 to 2023.

We're in that season. It's just they're turning up the heat with endless quantitative easing.

The problem is, it's not working anymore. Negative interest rates started to backfire in Europe and Japan.

And so now, everybody is backing off of that. We were first. And now Trump is saying, "Well, then I'll just cut taxes, and I'll build endless infrastructures."

You can't -- we don't need more infrastructures. Aging people don't buy more of anything. They pay down debt. They don't drive more. They buy almost no real estate, except nursing homes that somebody provides for them.

We don't need more infrastructure. So this is all going to be wasteful spending. Governments are trying to prevent the obvious: A natural generational down cycle, like we saw from 1969 to '82 and from 1930 to '42. This happens every 40 years, and we shouldn't prevent these cycles. We should let them happen and clear the decks of debt and excess capacity and bad companies to get efficient and prepare for the next generational boom. And we're not doing that.

Japan is stimulated, ever since 1997, and guess what, they're in a coma economy. Never entered the next spring season. They're 15, 20 years ahead of us. And they've killed their economy. They've killed innovation. They've been growing at zero -- with zero productivity and zero inflation. And that's where we're heading. When Trump says he's going to create 4 percent growth, it's not going to happen. I would stake my life on that. More than a quarter or two and people get excited because our workforce is no longer growing.

It's actually shrinking a bit in the next several years. Productivity is back from 3 to 4 percent, down to zero, because old people don't get more productive, they get less.

And Baby Boomers continue to retire from 2000, all the way to 2024, '25. So that's going to take more people out of the workforce and make us less productive. So we're going to go from zero to negative. We're going to be lucky to grow above zero for the next two terms of his administration. And I hate to say this, Glenn. It's nothing against Donald.

I predicted today, got elected, he wouldn't last the first year. Will not last the first year is my likely prediction.

GLENN: Wow.

HARRY: Because he's promised something he cannot deliver. He's pissed everybody off in every realm. Countries, immigrants, you know, ethnic groups, women. All this sort of stuff. He has the impulse control of a grease fire.

GLENN: Let me tell you -- let me tell you -- give you a counter to that.

When there is financial trouble and strife, a country can go one of two ways: It can go into riots in the streets, or it can go into nationalism and we all pull together. And we seem to be going the national way, without the economic strife yet.

If you're saying the bubble burst is happening this year, I see a rise of nationalism. And that would make him stronger.

HARRY: Yeah, no, actually I predicted this before the election, that this thing, you know, Brexit and then the Italian vote and then Trump winning against the odds and we're going to see much more -- this is a global phenomenon.

GLENN: It is.

HARRY: Globalization has peaked. The second big surge from World War II into recently has peaked. Globalization has been a great productivity tool. Better trade. All this stuff. But it has gone too far. Too many people feel like their jobs have been lost. We've been put face-to-face in an internet globalized world. And now we've got a huge inflict in values.

GLENN: So what does this mean? What does this mean to the average person, Harry?

HARRY: It means we've got a cultural social civil war. In other words, the blue states and the red states, the blue cities, red cities, whatever you want to call it, are so polarized. And I've got measurements of this.

I mean, this is life just before the Civil War. That there's no way to have compromise. There's no way to have a government.

If Trump succeeds -- and he is. He's doing exactly what his voters told him to do. But what's happening is now the blue states are reacting. If Hillary had come in, she would have the blue way, and the red states would have reacted.

Before the election, I said, if Hillary gets elected, somewhere pretty soon, states like Texas are going to talk about leaving the union. Well, guess who's got a petition to put on ballot in 2018 --

GLENN: California.

HARRY: -- for California to start to leave the union. And California is the largest state. Controls the two most productive dominant US industries in the world. Entertainment and Silicon Valley. And if they threaten to leave, that makes Italy and Greece threatening to leave the euro like nothing. So I think we have a civil -- I don't know how it works out. But I know the red states and the blue states cannot come to compromise. Trump is rolling forward as if he has a mandate from the red states. And he does. But does that say the blue states have to say, "Well, we'll just roll over and do everything you say?" California is already saying no. There's ten or 15 states that they could follow them. Now, what happens then? The South succeeded in the Civil War. We'll see what happens. But I think the only way we may come together as a country, is when we realize, oh, my God, if we don't find some way to work this out together, we're going to split in two, and we're not going to have the power we had.

GLENN: So let me ask you this: We just saw that Jim Rodgers said, the death of cash is coming. Total government control of spending. We've seen this in India. We're seeing the beginnings of it in Australia.

You know, I read a -- I read a book recently called Defying Hitler, that really, when I read how Weimar Republic got out of their problems, I thought, oh, my gosh, they actually thought that worked. They thought that was a good thing.

And I think the central banks have looked at that lesson and said, "Well, we could always do that." And, you know, you look at this with the inflating of the money. Because we were worried about deflation. The inflating of the money. The growing government control. Now they're starting to digitize currency and saying, "Hey, you got a cap on this." They're allowing the banks to say, "We could have a bail-in." I think we are headed for a firestorm in the financial sector with the people picking up pitchforks as they trap their money in banks and won't allow them to have cash or at least large sums of cash.

HARRY: Yeah. This is one of many issues. And I do see civil unrest. I am -- I am in Puerto Rico now. It's a bankrupt country, but at least they know it. And they're dealing with it like Iceland did. And, by the way, Iceland devalued. Did everything Greece should have done: Defaulted on their foreign debts. Went through three years of inflation. They crippled their consumers and came out the other side and are growing at 4 percent again.

They took their medicine, instead of endless bailouts, endless denial. Bail-ins -- you go and take the best small businesses and large businesses and high net worth deposits over 100,000 and have those people bail out a bank and you think they'll ever put money in a bank again and people won't have pitchforks? So all of this reaction is coming from the fact that governments are not facing the problem. Politicians are not telling people, like in Puerto Rico, which they've been foreseeing that we are bankrupt. We are way more bankrupt than Puerto Rico.

GLENN: But we can't declare -- but we can't declare bankruptcy. The United States can't default on their debt.

HARRY: No, no, no, but you can restructure, especially private debt. What businesses do when businesses get in trouble in the economy, it used to be Chapter 7. Fire sale. And you get 10 cents on the dollar. The vulture creditors come in.

The US was the one that innovated Chapter 11. Let the courts protect the business for a short period of time so they can sell off their assets in an orderly manner instead of fire sale. Have time to renegotiate with creditors and say, "Hey, what if we pay you 50 cents instead of you getting 10 percent in a fire sale?" And then they come to an agreement and everything moves forward.

We need that. We have to write off debt. You can't keep bailing out banks and things in countries like Greece. You have to restructure the debt and let the banks and the bondholders and the equity investors who took the risk from those things take losses. And then if governments do provide some financial assistance, it's only in direction correlation to the amount that banks wrote down. Because when they write down debt, guess what, businesses and consumers get relief, it freeze up cash flow, and we can grow again. We will never come out of this with these denial policies. And every policy from QE to building infrastructures for nobody, you know, cutting taxes, all you're doing is changing the fixed pie. You're saying, "Okay. We're going to take money that would have gone to government and give it to businesses."

Well, why not just send everybody a 20,000 check like we gave the banks all this QE money. This is denial. It doesn't solve the problem. It's like taking a drug to feel better and keep from coming down, rather than going to detox.

We need a giant detox. Detox does not come without banks and some businesses going under that are zombies. And it doesn't come without writing down debts. And we did that in spades in the Great Depression. The Great Depression only took three years to bottom. And we did nothing but grow after that.

Because like Iceland, we took our medicine and went on, instead of doing this denial. Oh -- you know, even Trump came in and said, "We're in a big, fat ugly bubble." Well, he hasn't studied bubbles. You can't just walk out of a bubble. Bubbles are extremes, and you have to rebalance, and that is painful. Just like detox. It's exactly like detox for a drug addict. There's no other choice.

GLENN: Harry, I appreciate it. Thank you so much for being on with us. The name of the book is The Sale Of a Lifetime: How the Great Bubble Burst of 2017 Through 2019 Can Make You Rich.

Harry Dent. I highly recommend that you pay attention to him and that you pick up his book and read it. Harry, I can't thank you enough. Thank you for being on.

Why the Declaration of Independence still matters — Part 2: The Declaration's structure and purpose

From the moment the 33-year-old Thomas Jefferson arrived at the Continental Congress in Philadelphia in 1776, he was on the radical side. That caused John Adams to like him immediately. Then the Congress stuck Jefferson and Adams together on the five-man committee to write a formal statement justifying a break with Great Britain, and their mutual admiration society began.

Jefferson thought Adams should write the Declaration. But Adams protested, saying, “It can't come from me because I'm obnoxious and disliked." Adams reasoned that Jefferson was not obnoxious or disliked, therefore he should write it. Plus, he flattered Jefferson, by telling him he was a great writer. It was a master class in passing the buck.

So, over the next 17 days, Jefferson holed up in his room, applying his lawyer skills to the ideas of the Enlightenment. He borrowed freely from existing documents like the Virginia Declaration of Rights. He later wrote that “he was not striving for originality of principle or sentiment." Instead, he hoped his words served as “an expression of the American mind."

It's safe to say he achieved his goal.

The five-man committee changed about 25 percent of Jefferson's first draft of the Declaration before submitting it to Congress. Then, Congress altered about one-fifth of that draft. But most of the final Declaration's words are Jefferson's, including the most famous passage — the Preamble — which Congress left intact. The result is nothing less than America's mission statement, the words that ultimately bind the nation together. And words that we desperately need to rediscover because of our boiling partisan rage.

The Declaration is brilliant in structure and purpose. It was designed for multiple audiences: the King of Great Britain, the colonists, and the world. And it was designed for multiple purposes: rallying the troops, gaining foreign allies, and announcing the creation of a new country.

The Declaration is structured in five sections: the Introduction, Preamble, the Body composed of two parts, and the Conclusion. It's basically the most genius breakup letter ever written.

In the Introduction, step 1 is the notification — I think we need to break up. And to be fair, I feel I owe you an explanation...

When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another…

The Continental Congress felt they were entitled by “the Laws of Nature and of Nature's God" to “dissolve the political bands," but they needed to prove the legitimacy of their cause. They were defying the world's most powerful nation and needed to motivate foreign allies to join the effort. So, they set their struggle within the entire “Course of human events." They're saying, this is no petty political spat — this is a major event in world history.

Step 2 is declaring what you believe in, your standards — Here's what I'm looking for in a healthy relationship...

This is the most famous part of the Declaration; the part school children recite — the Preamble:

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.

That's as much as many Americans know of the Declaration. But the Preamble is the DNA of our nation, and it really needs to be taken as a whole:

That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

The Preamble takes us through a logical progression: All men are created equal; God gives all humans certain inherent rights that cannot be denied; these include the rights to life, liberty, and the pursuit of happiness; to protect those rights, we have governments set up; but when a government fails to protect our inherent rights, people have the right to change or replace it.

Government is only there to protect the rights of mankind. They don't have any power unless we give it to them. That was an extraordinarily radical concept then and we're drifting away from it now.

The Preamble is the justification for revolution. But note how they don't mention Great Britain yet. And again, note how they frame it within a universal context. These are fundamental principles, not just squabbling between neighbors. These are the principles that make the Declaration just as relevant today. It's not just a dusty parchment that applied in 1776.

Step 3 is laying out your case — Here's why things didn't work out between us. It's not me, it's you...

This is Part 1 of the Body of the Declaration. It's the section where Jefferson gets to flex his lawyer muscles by listing 27 grievances against the British crown. This is the specific proof of their right to rebellion:

He has obstructed the administration of justice...

For imposing taxes on us without our consent...

For suspending our own legislatures...

For quartering large bodies of armed troops among us...

Again, Congress presented these “causes which impel them to separation" in universal terms to appeal to an international audience. It's like they were saying, by joining our fight you'll be joining mankind's overall fight against tyranny.

Step 4 is demonstrating the actions you took — I really tried to make this relationship work, and here's how...

This is Part 2 of the Body. It explains how the colonists attempted to plead their case directly to the British people, only to have the door slammed in their face:

In every stage of these Oppressions We have Petitioned for Redress in the most humble terms: Our repeated Petitions have been answered only by repeated injury...

They too have been deaf to the voice of justice... We must, therefore... hold them, as we hold the rest of mankind, Enemies in War, in Peace Friends.

This basically wrapped up America's argument for independence — we haven't been treated justly, we tried to talk to you about it, but since you refuse to listen and things are only getting worse, we're done here.

Step 5 is stating your intent — So, I think it's best if we go our separate ways. And my decision is final...

This is the powerful Conclusion. If people know any part of the Declaration besides the Preamble, this is it:

...that all political connection between them and the State of Great Britain, is and ought to be totally dissolved...

They left no room for doubt. The relationship was over, and America was going to reboot, on its own, with all the rights of an independent nation.

And for the support of this Declaration, with a firm reliance on the protection of divine Providence, we mutually pledge to each other our Lives, our Fortunes and our sacred Honor.

The message was clear — this was no pitchfork mob. These were serious men who had carefully thought through the issues before taking action. They were putting everything on the line for this cause.

The Declaration of Independence is a landmark in the history of democracy because it was the first formal statement of a people announcing their right to choose their own government. That seems so obvious to us now, but in 1776 it was radical and unprecedented.

In 1825, Jefferson wrote that the purpose of the Declaration was “not to find out new principles, or new arguments, never before thought of… but to place before mankind the common sense of the subject, in terms so plain and firm… to justify ourselves in the independent stand we are compelled to take."

You're not going to do better than the Declaration of Independence. Sure, it worked as a means of breaking away from Great Britain, but its genius is that its principles of equality, inherent rights, and self-government work for all time — as long as we actually know and pursue those principles.

Why the Declaration of Independence still matters — Part 1: The Declaration and slavery

Patrick Perkins / Unsplash

On June 7, 1776, the Second Continental Congress met in Philadelphia at the Pennsylvania State House, better known today as Independence Hall. Virginia delegate Richard Henry Lee introduced a motion calling for the colonies' independence. The “Lee Resolution" was short and sweet:

Resolved, That these United Colonies are, and of right ought to be, free and independent States, that they are absolved from all allegiance to the British Crown, and that all political connection between them and the State of Great Britain is, and ought to be, totally dissolved.

Intense debate followed, and the Congress voted 7 to 5 (with New York abstaining) to postpone a vote on Lee's Resolution. They called a recess for three weeks. In the meantime, the delegates felt they needed to explain what they were doing in writing. So, before the recess, they appointed a five-man committee to come up with a formal statement justifying a break with Great Britain. They appointed two men from New England — Roger Sherman and John Adams; two from the middle colonies — Robert Livingston and Benjamin Franklin; and one Southerner — Thomas Jefferson. The responsibility for writing what would become the Declaration of Independence fell to Jefferson.

In the rotunda of the National Archives building in Washington, D.C., there are three original documents on permanent display: the Constitution, the Bill of Rights, and the Declaration of Independence. These are the three pillars of the United States, yet America barely seems to know them anymore. We need to get reacquainted — quickly.

In a letter to his friend John Adams in 1816, Jefferson wrote: “I like the dreams of the future, better than the history of the past."

America used to be a forward-looking nation of dreamers. We still are in spots, but the national attitude that we hear broadcast loudest across media is not looking toward the future with optimism and hope. In late 2017, a national poll found 59% of Americans think we are currently at the “lowest point in our nation's history that they can remember."

America spends far too much time looking to the past for blame and excuse. And let's be honest, even the Right is often more concerned with “owning the left" than helping point anyone toward the practical principles of the Declaration of Independence. America has clearly lost touch with who we are as a nation. We have a national identity crisis.

The Declaration of Independence is America's thesis statement, and without it America doesn't exist.

It is urgent that we get reacquainted with the Declaration of Independence because postmodernism would have us believe that we've evolved beyond the America of our founding documents, and thus they're irrelevant to the present and the future. But the Declaration of Independence is America's thesis statement, and without it America doesn't exist.

Today, much of the nation is so addicted to partisan indignation that "day-to-day" indignation isn't enough to feed the addiction. So, we're reaching into America's past to help us get our fix. In 2016, Democrats in the Louisiana state legislature tabled a bill that would have required fourth through sixth graders to recite the opening lines of the Declaration. They didn't table it because they thought it would be too difficult or too patriotic. They tabled it because the requirement would include the phrase “all men are created equal" and the progressives in the Louisiana legislature didn't want the children to have to recite a lie. Representative Barbara Norton said, “One thing that I do know is, all men are not created equal. When I think back in 1776, July the fourth, African Americans were slaves. And for you to bring a bill to request that our children will recite the Declaration, I think it's a little bit unfair to us. To ask our children to recite something that's not the truth. And for you to ask those children to repeat the Declaration stating that all men's are free. I think that's unfair."

Remarkable — an elected representative saying it wouldn't be fair for students to have to recite the Declaration because “all men are not created equal." Another Louisiana Democrat explained that the government born out of the Declaration “was used against races of people." I guess they missed that part in school where they might have learned that the same government later made slavery illegal and amended the Constitution to guarantee all men equal protection under the law. The 13th, 14th, and 15th Amendments were an admission of guilt by the nation regarding slavery, and an effort to right the wrongs.

Yet, the progressive logic goes something like this: many of the men who signed the Declaration of Independence, including Thomas Jefferson who wrote it, owned slaves; slavery is evil; therefore, the Declaration of Independence is not valid because it was created by evil slave owners.

It's a sad reality that the left has a very hard time appreciating the universal merits of the Declaration of Independence because they're so hung up on the long-dead issue of slavery. And just to be clear — because people love to take things out of context — of course slavery was horrible. Yes, it is a total stain on our history. But defending the Declaration of Independence is not an effort to excuse any aspect of slavery.

Okay then, people might say, how could the Founders approve the phrase “All men are created equal," when many of them owned slaves? How did they miss that?

They didn't miss it. In fact, Thomas Jefferson included an anti-slavery passage in his first draft of the Declaration. The paragraph blasted King George for condoning slavery and preventing the American Colonies from passing legislation to ban slavery:

He has waged cruel war against human nature itself, violating its most sacred rights to life and liberty in the persons of a distant people who never offended him, captivating and carrying them into slavery in another hemisphere... Determined to keep open a market where men should be bought and sold, he has prostituted his negative for suppressing every legislative attempt to prohibit or to restrain this execrable commerce.

We don't say “execrable" that much anymore. It means, utterly detestable, abominable, abhorrent — basically very bad.

Jefferson was upset when Georgia and North Carolina threw up the biggest resistance to that paragraph. Ultimately, those two states twisted Congress' arm to delete the paragraph.

Still, how could a man calling the slave trade “execrable" be a slaveowner himself? No doubt about it, Jefferson was a flawed human being. He even had slaves from his estate in Virginia attending him while he was in Philadelphia, in the very apartment where he was writing the Declaration.

Many of the Southern Founders deeply believed in the principles of the Declaration yet couldn't bring themselves to upend the basis of their livelihood. By 1806, Virginia law made it more difficult for slave owners to free their slaves, especially if the owner had significant debts as Jefferson did.

At the same time, the Founders were not idiots. They understood the ramifications of signing on to the principles described so eloquently in the Declaration. They understood that logically, slavery would eventually have to be abolished in America because it was unjust, and the words they were committing to paper said as much. Remember, John Adams was on the committee of five that worked on the Declaration and he later said that the Revolution would never be complete until the slaves were free.

Also, the same generation that signed the Declaration started the process of abolition by banning the importation of slaves in 1807. Jefferson was President at the time and he urged Congress to pass the law.

America has an obvious road map that, as a nation, we're not consulting often enough.

The Declaration took a major step toward crippling the institution of slavery. It made the argument for the first time about the fundamental rights of all humans which completely undermined slavery. Planting the seeds to end slavery is not nearly commendable enough for leftist critics, but you can't discount the fact that the seeds were planted. It's like they started an expiration clock for slavery by approving the Declaration. Everything that happened almost a century later to end slavery, and then a century after that with the Civil Rights movement, flowed from the principles voiced in the Declaration.

Ironically for a movement that calls itself progressive, it is obsessed with retrying and judging the past over and over. Progressives consider this a better use of time than actually putting past abuses in the rearview and striving not to be defined by ancestral failures.

It can be very constructive to look to the past, but not when it's used to flog each other in the present. Examining history is useful in providing a road map for the future. And America has an obvious road map that, as a nation, we're not consulting often enough. But it's right there, the original, under glass. The ink is fading, but the words won't die — as long as we continue to discuss them.

'Good Morning Texas' gives exclusive preview of Mercury One museum

Screen shot from Good Morning Texas

Mercury One is holding a special exhibition over the 4th of July weekend, using hundreds of artifacts, documents and augmented reality experiences to showcase the history of slavery — including slavery today — and a path forward. Good Morning Texas reporter Paige McCoy Smith went through the exhibit for an exclusive preview with Mercury One's chief operating officer Michael Little on Tuesday.

Watch the video below to see the full preview.

Click here to purchase tickets to the museum (running from July 4 - 7).

Antifascist mob goes FULL fascist in Portland

Over the weekend, journalist Andy Ngo and several other apparent right-leaning people were brutally beaten by masked-gangs of Antifa protesters in Portland, Oregon. Short for "antifascist," Antifa claims to be fighting for social justice and tolerance — by forcibly and violently silencing anyone with opposing opinions. Ngo, who was kicked, punched, and sprayed with an unknown substance, is currently still in the hospital with a "brain bleed" as a result of the savage attack. Watch the video to get the details from Glenn.

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