War on Women: Part I

There was a Revolutionary War, the War of 1812, the Civil War, World War I and World War II, the Korean War, the Vietnam War, the Wars in Iraq and Afghanistan, and Desert Storm. But what's the longest-running war in world history? If you believe the mainstream media and the progressive left, it's the War on Women --- and it's being waged exclusively by people on the right. Learn the truth about the beginning of the women's movement and key issues troubling feminist today --- reproductive rights and equal pay.

Listen to this segment from The Glenn Beck Program:

Listen to all serials at glennbeck.com/serials.

GLENN: There was a Revolutionary War, the War of 1812. The Civil War. World War I and World War II. The Korean War. Vietnam War. The Wars in Iraq, Afghanistan. Desert Storm. But the longest-running war in the history of this planet is the War on Women.

I mean, if we're to believe the media and the left. And it's being waged exclusively by people like you, the right.

Some, including a number of women, are not even aware that there is a Republican War on Women. Actress Lisa Kudrow, for example.

VOICE: Do you feel that the Republican War on Women is still an important issue to voters?

VOICE: The Republican War on Women?

VOICE: That's what it says. Do you feel that the Republican War on Women is still an important issue to voters?

VOICE: There's a Republican War on Women?

VOICE: Yeah.

GLENN: The answer, Lisa, is no. There is not a Republican War on Women. So bless you, that even an actress in the leftist world of Hollywood hysteria, she was so very unaware of this nonsensical, non-issue. Yet, Bill Maher attempts to explain the concept to her.

VOICE: Well, you know, I think he's referring back to -- now, this is something the Republicans did improve upon, I must say. Back in 2010, they were the legitimate rape people.

VOICE: Oh, well.

VOICE: They could not stop talking about ladies' private parts.

GLENN: Consider that quote for just a second: Back in 2010, they were the legitimate rape people? Being legitimate rape people would certainly seem to imply that you've legitimately actually raped someone, wouldn't it?

Instead, Maher alleges that what made them legitimate rape people was that they could not stop talking about ladies' private parts. First of all, call me crazy, but I consider talking a separate and distinct issue from actually raping. In reality, what took place in 2010 was that two little known Republicans clumsily spoke about issues related to rape. And that was the sum total of Republicans being legitimate rape people.

But it's rhetoric like that that has created the hysteria surrounding this so-called War on Women. So nonsensical is this issue, that during the 2012 Republican primary debates, ABC News' George Stephanopoulos directed this bizarre question to Mitt Romney.

VOICE: Governor Romney, do you believe that states have the right to ban contraception, or is that trumped by a constitutional right to privacy?

VOICE: George, this is an unusual topic that you're raising. States have a right to ban contraception -- I can't imagine a state banning contraception. I can't imagine the circumstances where a state would want to do so. And if I were a governor of a state or a legislator of a state, I would totally and completely oppose any effort to ban contraception. So you're asking, given the fact that there's no state that wants to do so -- and I don't know of any candidate that wants to do so, you're asking, could it constitutionally be done? I'm going to ask for a constitutionalist here.

(laughter)

(applauding)

VOICE: I'm sure --

VOICE: Okay. Come on back.

VOICE: Do you believe that states have that right or not?

VOICE: George, I don't know whether the state has the right to ban contraception. No state wants to. I mean, the idea of you putting forward things that states might want to do, that no state wants to do and ask whether they can do it or not is kind of a silly thing, I think.

GLENN: All of this is not to say that there's never been issues concerning women's rights. Women have over time had cause for concern. Of course, we all know that. There was a time in this country when women couldn't even vote. However, that wasn't a Republican issue. That was a societal issue.

Commonly referred to as women's suffrage. The fight for women's right to vote began around 1830. It really heated up in the late 1800s and early 1900s. And the effort culminated in the passage of the 19th Amendment to the Constitution, in 1920. Tennessee was the last state needed to ratify the amendment, and it passed there by a single vote. The United States was one of the very first nations on the planet to recognize the right of women to vote.

As early as 1718 in the US, in Pennsylvania, married women were allowed to own and manage propagate in their own name during the incapacity of their own spouse. But it was a start. It may surprise some to know that in 1840, the republic of Texas allowed married women to own property in their own name. Period. The same thing applied in Maine and Maryland, with the provision that they couldn't control the land they owned.

All of which sounds ridiculous to us today, but 180 years ago, these were huge steps. Most of the rights obtained by women in the 1800s were obtained in the United States. By 1855, the University of Iowa became co-ed. Elsewhere in the world, these things were unheard of. When referring to things like abortion, progressives like to claim that since the Supreme Court ruled on the issue, it settled law, thus ending the debate for all time.

However, 100 years before abortion was settled law, the issue of a woman's right to vote also became settled law with the Supreme Court, ruling in 1874, that women had no right to vote.

In Missouri, a woman named Virginia Minor decided that it was definitely time for her and her fellow women to vote. She sued for the right. And the case went all the way to the Supreme Court. The Supreme Court decided in Minor Versus Happersett, that Missouri law limiting the right to vote to male citizens is constitutional.

The court rejected the claim by Minor that state law deprives her of one of the privileges or immunities of citizenship in violation of the 14th Amendment. Amazingly, the court ruled that while women are people under the 14th Amendment, they are in a special category of nonvoting people. And states may grant or deny them the right to vote. So, really, let's stop with the Supreme Court settled law.

Since 1920, the front lines of this war have often involved contraception and abortion. Supposedly fighting for the life of an unborn baby is exactly denying women their reproductive rights. When, in fact, the protection of the life inside the womb is actually ensuring the completion of that reproductive right.

In addition, it is safe to assume that just over half of the lives saved by not aborting babies would one day grow up to be women.

In 2012, Georgetown University law student Sandra Fluke testified to Congress about the hardships faced by female students over contraception.

VOICE: Without insurance coverage, contraception, as you know, can cost a woman over $3,000 during law school. For a lot of students who, like me, are on public interest scholarships, that's practically an entire summer's salary. Forty percent of the female students at Georgetown Law reported to us that they struggled financially as a result of this policy. One told us of how embarrassed and just powerless she felt, when she was standing at the pharmacy counter and learned for the first time the contraception was not covered on her insurance. And she had to turn and walk away because she couldn't afford that prescription. Women like her have no choice, but to go without contraception. Just last week, a married female student told me that she had to stop using contraception because she and her husband just couldn't fit it into her budget anymore. Women employed in low-wage jobs without contraceptive coverage faced this same choice.

GLENN: It cost $3,000 for birth control while attending law school?

I have to be frank with you, that's either an awful lot of sex, or you're buying your birth control devices at Tiffany's. First of all, to believe that the United States government should have any role whatsoever in assisting Americans to have sexual relationships is preposterous. It's not just unconstitutional, it's unthinkable. And second, even without any government involvement or insurance company contributions, birth control can be obtained incredibly cheaply, and in many cases, absolutely free.

Over the years, the War on Women has become a charged political flash point.

VOICE: Imagining paying 20 percent more for a cup of coffee just because you're a woman.

So why does Congress think it's okay that women get paid 20 percent less than a man for doing the same job? I'll fight for pay equity, to protect Planned Parenthood, choice for women, and expand paid and family leave.

Now, some politicians will belittle this as a woman's agenda, more proof that we just need more women in Congress. I'm Kathleen Matthews, and I approve this message.

GLENN: The fact that women earn 79 cents for every dollar that a man makes is continually cited. But even the Washington Post has attempted to dispel this falsehood. They've written about this every year since 2012 and most recently given the claim the dreaded two Pinocchios. There's a multitude of factors to consider, one of them is that the average man has more experience in the workplace than the average woman. And experience is one factor that plays a big role in determining pay. The Washington Post also notes that women tend to leave the work force for periods to raise children, to seek jobs that may have more flexible hours, but lower pay, and choose careers that tend to have lower pay.

By the way, BLS data shows that women who have never married have virtually no wage gap.

In 2011, economists at the Federal Reserve Bank of St. Louis noted that women may prefer to accept jobs with lower wages, but greater benefits, more flexible parental leave, for instance. Excluding such fringe benefits from the calculation would exaggerate the wage disparity.

In 2013, in an article from The Daily Beast, citing a Georgetown University survey on economic value of different college majors, it showed that nine out of the ten most remunerative such as petroleum and aerospace engineering were dominated by men. While nine of the ten least paying majors, such as social work and early childhood education were dominated by women. Again, when comparing similar education, experience, skill level, women earn about the same as men. And in some industries, slightly more.

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.

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Survey: Where do you stand on these conspiracy theories?

Thought Catalog / Unsplash

Have you seen this survey on the most-believed conspiracy theories in America?

It's no surprise the survey has been getting so much attention. The results are actually a pretty disturbing.

Infographic: Belief in Conspiracy Theories in the United States | Statista

I decided to put together a quick survey of my own, with slightly different wording.

Up-vote the ones you agree with and down-vote the ones you disagree with.

I believe Lee Harvey Oswald killed JFK alone. However, I would not be surprised to find out the government sealed evidence that others were involved.

If by "deep state" you mean long-time Washington power brokers who are used to calling the shots and now feel threatened by Donald Trump not listening to their advice or council — yes, I do believe that many people like that are working against him and his administration.

Whether alien bodies are in Area 51 or not, I do believe the government knows more about UFOs than they have told us.

I do not believe the U.S. government was involved in 9/11, but as we know, NSA advisor Sandy Berger was caught destroying documents from the national archives related to both Bush and Clinton. All U.S. administrations have been to close to the Saudis, and the Saudis were involved in 9/11 at some level.

I believe the climate is always changing — it's natural. I would be willing to accept that man MAY play a role in this. But I do not believe in the solutions currently being discussed, nor do I believe the intention of most political activists are pure.

Any talk of the Illuminati provides the true dangers to man's freedom — like very powerful NGOS and men like George Soros — a perfect cover.

The U.S. government has done some horrible experiments on people and land — I also suspect they will do more things in the future. But I do not believe in the systematic spraying of chemicals using chemtrails.

The moon landing was real, but I see a time coming when people will not be able to trust their eyes due to deep fakes.

What do you think?

Let me know in the comments section below.