Comedians Nail the Problem With the PC Culture

Comedians have historically crossed the lines drawn by the rest of society. They did it in the 70s and 80s with religion, racism and a host of other issues. Today, as the PC culture tries to normalize itself, comedians are the ones pushing back.

"They weren't ever making these kinds of points in the last 20 years. They were not making the, Hey, get control points," Glenn said Tuesday on radio. "They were making the point of, We've got to move forward. We've got to progress."

RELATED: Denouncing Dave: Chappelle’s New Comedy Called ‘Homophobic’ and ‘Transphobic’

To illustrate the change, Glenn played several excerpts from contemporary comedians like Dave Chappelle, Jim Norton and Patton Oswalt.

Has the PC pendulum swung back enough so we can have a little common sense and laugh at ourselves again?

Listen to this segment beginning at mark 9:56 from The Glenn Beck Program:

GLENN: Who was it -- was it Dave Chappelle? Do you have that Dave Chappelle cut? There's that Dave Chappelle where he talks about -- how is the African-American losing here?

JEFFY: They are.

GLENN: Yeah. He's like, we're -- we've lost our place. I mean, we've struggled forever and ever and ever. And now, where are we? And he's not the only comedian. Who is the other comedian?

STU: Yeah. Patton Oswalt Did something kind of on this where, you know -- again, these are not conservatives.

GLENN: No.

STU: These are liberals who are like, wait a minute, guys.

GLENN: And so was -- what's his name? Louis C.K.

PAT: Here's Dave Chappelle on the gay movement. Oh.

STU: Right now, I don't think it's sounding that loud. I think louder would be better.

GLENN: Yeah.

PAT: Well, he's got a very quiet voice. I don't know if you've ever seen him live, but he's very, very, very quiet.

CHAPPELLE: I get it though. I understand why gay people are mad, and I empathize. You know what, I'm just telling you as a black dude, I support your movement. But if you want to take some advice from a Negro, pace yourself. These things take a while. Just because they passed the law doesn't mean they're going to like you. Brown vs. Board of Education was in 1955. Somebody called me a (bleep) in traffic last Wednesday. That's how long it takes. It takes a minute.

(laughter)

PAT: He's really funny.

GLENN: He is. He's really genius. He's really genius.

PAT: Really funny.

STU: So we have a bunch of clips here of comedians. I'm going to take just a quick break here with Mr. Pat Gray to make sure he has the most updated emails.

GLENN: You're saying that maybe there's an F-word or two?

STU: I'm saying we need to be careful to make sure you're playing the most updated.

GLENN: All right. We'll take a quick break here and then we'll make sure that we -- we've rinsed out their mouths.

[break]

GLENN: Welcome to the program.

So, you know, we were talking about political correctness and -- and who is -- who is at the top of the food chain? It used to be white males. That's long gone. You're at the bottom --

PAT: We're at the very bottom.

JEFFY: Long, long ago.

GLENN: Very bottom. Then it was females. But females are no longer at the top. Then it was homosexuals. Homosexuals are not at the top. It might be transgender. But I don't think so.

Who is at the top of the female -- it's not the African-American anymore. As you just heard from Dave Chappelle.

PAT: Yeah.

GLENN: Now, listen, we've got about four comedians that are right now out, who are not conservative --

STU: At all. Exact opposite.

GLENN: Play this. Play this cut.

STU: It's Patton Oswalt.

GLENN: Listen to this.

OSWALT: I could not be a more committed, progressive, feminist, pro-gay, pro-transgender person, but I cannot keep up with the (bleep) glossary of correct terms. I'm trying! I want to help, but, holy (bleep), it's like the secret club password. They change it every week. And then you're in trouble. That's not the word we use. (bleep). It was just last week. I have hemorrhoids. My (bleep) is falling out. I want to help. I know I'm an old this (bleep) white (bleep), but don't give me (bleep) because I didn't know the right term. (bleep) RuPaul. RuPaul got into shit for saying "tranny." Ru (bleep) Paul. RuPaul, who she laid down on the barbed wire of discrimination throughout the '70s and '80s so this new generation could run across her back and yell at her for saying "tranny."

(laughter)

PAT: So good.

JEFFY: That is a fact.

PAT: Oh, that's --

STU: I mean, that's amazing that a progressive -- comedians are even noticing how far this has come. And they're not going to agree with the conservative audience on the points behind it. But that's kind of the issue here. You're even taking your own allies. And people who are rooting for you and want you to get everything that you want. And you're still torturing them over these things.

PAT: The same comedian, Patton Oswalt. Was it his nephew that's gay that came to him and was talking about how bad things were.

STU: I think it was his nephew, or maybe a friend's nephew.

PAT: Yeah.

STU: Yeah.

OSWALT: Moved to LA. Came out of the closet. Told his parents. His parents went, duh. Now he's happy. He's married. Happy. He's running a business.

But he has a nephew who goes to his old high school. And so he's really protective of this kid because his nephew is openly, proudly, defiantly gay. Going to high school. And my friend is like, if anyone gives him (bleep), I will burn that (bleep) to the -- he's so protective. And I get it.

So he went back for Thanksgiving, and he's talking to his nephew. And he goes, is everything okay at that school? You know, I went there. I didn't have the best time. If you ever, like, want to like talk to me about it. How are things? Are they -- are they oppressive? Are they mean?

And his nephew started choking up and said, "Yeah. You know, it's -- it's pretty rough there. You know, they're still really oppressive. And it's pretty harsh." And my friend, the way he put it to me was my -- my inner Liam Neeson woke up, right? He was -- like he was thinking, "Give me a name." Like he just wanted a --

(laughter)

But he kept his cool, and he was like, "Well, just. Let's talk about it. What's going on? What are they doing to you?" And his nephew said, "Well, you know, for instance, my gay lesbian transgender club at school, we wanted to have our prom the same night as the straight kids' prom, and they're going to make us wait two weeks to have it. So it's just really oppressive, you know."

(laughter)

And my friend had to stop himself from saying, "You need to shut the (bleep) up because I don't think you know what oppressive means."

(laughter)

GLENN: How true is that?

STU: Yeah.

PAT: Oh, man.

STU: Because, you know --

PAT: Very.

STU: There was no gay or lesbian club when the uncle went there. There was no gay or lesbian prom. And the fact that you had to hold it on a different day, that actually seems more special. You get your own day. It's amazing that -- to see that happening in -- you know, in the world of pop culture. I mean, comedians who are, you know --

GLENN: And comedians lead the way.

STU: And they're the ones that will constantly walk over lines that the rest of society has drawn. You know, they -- and they've dawn this forever. They did it with religion back in the day.

GLENN: And they didn't do this before. They didn't -- they weren't ever making these kinds of points in the last 20 years. They were not making the, hey -- hey, get control.

They were not making those points. They were making the point of, we've got to move forward. We've got to progress.

STU: Look at these hicks that are stopping -- and they still make those points. There's no doubt.

GLENN: Yeah. Yeah. Yeah.

STU: But you're right. It's the opposite. It's like, wait a minute. We're trying to help you. And, still, you're torturing us over these things. I mean, that RuPaul point is amazing. I mean, I don't remember that story.

JEFFY: That sure is.

STU: But, I mean, if RuPaul is getting heat for not being transgender friendly enough, you might be going too far here.

GLENN: You might?

STU: You might be over the line.

GLENN: You think?

Well, if you want to be a hatemonger like that, Stu.

STU: Hmm.

GLENN: Then you can hate all you want. The rest of us know.

STU: The rest of us? The rest of us know?

GLENN: Yeah, the rest of us know.

PAT: The enlightened ones.

GLENN: The enlightened ones.

STU: But the Chappelle thing is new. Patton Oswalt.

GLENN: I know there's a Louis C.K. thing too.

STU: There's also a Jim Norton. Do we have a Jim Norton clip as well? His latest Netflix special has -- I hope they edited this one.

(chuckling)

Jim Norton can --

PAT: Yeah, he can get dirty.

GLENN: If they didn't edit this, I just want to say goodbye now. Thank you -- thank you for the time spent listening to us and all of your support over the years.

STU: We do have a delay built in, so if anything happens, you'll be fine.

GLENN: Here we go.

NORTON: But it's funny. The whole country is trans crazy. And we're really obsessed with it. And it's so funny how when the new thing happens or becomes in the lexicon, you can't joke about it on TV. Like, I tried to do a Caitlin Jenner joke. The networks were like, no transitioning jokes. And I'm like, well, it's not even a mean joke. And they were like, yeah, but we just don't like it. They've been marginalized.

I'm like, look, just because you've been marginalized doesn't mean you're removed from the humor spectrum like everybody -- like it wasn't even a mean -- first of all, the network canceled her reality show. How (bleep) is your reality show when you are on a Wheaties box. You're now a woman. You were a Kardashian. You killed somebody driving. And then, just boring. There's nothing happening.

(laughter)

And I think Hollywood means well. I think their hearts are in the right place. But it's a little bit phony. Some of it is just a little bit fake. Because you know how they can't talk about Caitlyn without saying how beautiful Caitlyn she is. Have you seen how beautiful Caitlyn is? No. She looks like the gypsy from Thinner.

(laughter)

PAT: Oh, my.

STU: He's awesome. But, I mean, that -- look, I mean, that's, what? Three big comedians. You also mentioned Louis C.K. Maybe we can run that clip for tomorrow or something. But like, it's a bizarre trend. It's strange to hear from these people.

PAT: Yeah.

GLENN: It shows that perhaps the PC pendulum is swinging back closer to the, you know, let's have common sense and being able to laugh at ourselves and each other just a little bit here. No execution for words. Safe zones are ridiculous.

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.