Beck and O'Reilly Are Skeptical of This University That Wants a ‘Free Speech Year’

University of California – Berkeley will commemorate a “Free Speech Year” under new chancellor Carol T. Christ, who is planning to use “point-counterpoint” panels to promote open-minded discussions.

Asserting that “more speech” is the right response to hate speech, Christ has said that she aims to keep students “physically safe” while not shielding them “from ideas that you may find wrong, even noxious.”

In February, UC Berkeley students wreaked havoc on campus and caused $100,000 worth of damage in order to stop an appearance from Milo Yiannopoulos, a Trump supporter and former Breitbart editor who is known for his outrageous and often offensive remarks.

“Now what public speech is about is shouting, screaming your point of view in a public space rather than really thoughtfully engaging someone with a different point of view,” Christ told the Los Angeles Times. “We have to build a deeper and richer shared public understanding.

On radio Thursday, Glenn and Bill O’Reilly were a bit skeptical of UC Berkeley’s ability to promote open discussion.

“I’m sure they’ll respect what I’ll say, and we can have a very, very intelligent, calm dialogue,” O’Reilly said sarcastically.

“And that is the problem with America: we can’t,” Glenn added.

This article provided courtesy of TheBlaze.

GLENN: Here's what's really exciting is we have BillO'Reilly.com and Bill O'Reilly on with us right now. I don't think he's going to have much to say when I ask him about Berkeley announcing the free speech year, where Berkeley is going to teach everybody how to all come together and be tolerant and really celebrate diversity and free speech.

Bill, that's exciting news, isn't it?

BILL: Very exciting.

(laughter)

GLENN: You sound almost like you don't believe that might happen.

BILL: No, it's so exciting, Beck, I'm going to buy a condo in Berkeley. I'm moving there, so I can have free speech rights because I'm sure they'll respect what I say, and we can have a very, very intelligent calm dialogue with those people out there.

GLENN: Yeah. And that is the problem with America is we can't.

Now, let me change to the media.

Bill, I think you would agree with me that, you know, the -- the media and tolerance and actual fair and balance has changed on multiple fronts.

BILL: It's done. Absolutely done.

GLENN: Done.

BILL: What you're seeing -- you know, talk radio is the last holdout because basically you guys can run the show the way you want. Your syndicators and your corporations understand who you are. That's why they hired you. You're going to take some hits on sponsors from time to time, but you basically do and say what you want.

But on television, it's totally different because there's so many things involved. You've got, in cable, you've got all the different systems that have to buy the program. You've got the corporations that run the actual presentations. And all of these people are very susceptible to being attacked, as we talked about in the prior segment.

And the far left knows this. They know they can hire people like Color of Change. I want everybody to Google "Color of Change." This is an organization that was formed solely to get paid to go out and attack people with whom they disagree publicly. Right?

GLENN: No.

BILL: And so they're for hire. You can hire them to go stand in front of a building or to go stand in front of a house and scream and yell and accuse and smear and hold signs and do whatever they want.

Well, instead of marginalizing that group as anti-democracy, the corporations fear them. And Color of Change, Media Matters, all of these people, they know that.

GLENN: Well, besides -- hang on. Hang on. That's quite a statement here, Bill. Besides the actual evidence of one of the guys who started Color for Change, Van Jones, working for CNN, what evidence do you have that they embrace and bring Color of Change into the news media?

(laughter)

BILL: Beck, first of all, Van Jones is a self-avowed communist. We all know that, right?

GLENN: No!

BILL: All right. So he even says he is. I don't have anything against Van Jones, by the way.

But the organization -- all right? And many others like it, they're not the only ones. All right?

They are basically being paid good money to do destructive things. And corporations know it, but look the other way and tremble when they get the call from Color of Change.

GLENN: Do you think --

BILL: So this is what -- you want Nazis again? Let's get Nazis here again. You want Nazis? I'll give you Nazis. Okay? This is exactly what happened in Germany in the early '30s, when the Third Reich people would show up and basically tell the newspapers, "Hey, if you say one bad word against us, we're going to burn your place down. Okay? So you better not." Now, the Color of Change people, they're burning the place down through sponsors, not through torches. But it's the same thing. And Stalin did it. And Castro did.

GLENN: Mussolini. Yep.

BILL: They all do it. And people don't know about it.

GLENN: So, Bill --

BILL: No, I'll ask your next question and answer it, Beck.

so how does that affect on television that you see every night? They're scared as well. They're frightened. One of the few that isn't is Hannity.

You know, I've had my issues with Hannity in the past. But I admire Hannity for going out and basically being in your face, telling folks what's going on. You may not agree with Hannity's take, but he's honest about it. And he loves Trump. He thinks Trump is the savior to the country, but he'll tell you that he's under siege 24/7. So -- but that's a very rare exception.

The others are -- I better not say this. Everybody -- oh, that's right. We have to condemn Trump. You know, Trump made a mistake, a tactical error. All right?

He's not an idealistic Nazi, but that's what you're hearing in the media constantly over and over. And who's saying that's not true? They're afraid to say it, Beck. Because then they'll be lumped in with Trump.

GLENN: Well, hang on -- let me give you -- and I agree with you, Bill. You know that I agree with you. I mean, when you're treading the Van Jones, Color of Change, Media Matters thing, I got that one down in spades. I'll show you all the chalkboards on that. So I agree with you.

However, there is one name that people don't pay attention to, and they should. Because I believe -- this guy is one of my heroes: Michael Medved.

BILL: Oh, he's great! He's great.

GLENN: Okay. So do you know what happened to Michael?

BILL: Tell me.

GLENN: So his corporation -- his radio corporation put down an edict that you are not allowed to have anybody on -- on-air that is anti-Trump. And everybody is falling in line. Michael was the only one that pushed back and was fired.

Michael doesn't have his radio gig now because he stood against the same kind of fascism, just on the other side. There is the fascists on both sides.

BILL: Yes. But it's nearly as organized.

GLENN: Oh, I agree with you on that. I agree with you on that.

BILL: I experienced it when I did The Radio Factor. I did The Radio Factor for seven years, and I was not a conservative ideologue by any means. And I got attacked by the right, as you know.

GLENN: Yeah. Yes.

BILL: And I remember one station in Houston basically called us and said, "Well, we don't like O'Reilly. We're going to drop him." Good. You know, I mean, because it was -- but it was just one station out of 280.

GLENN: Yeah. I --

BILL: That we had. Or something like that.

GLENN: I agree with you. And the -- the blessing on the right is, you know, herding a bunch of Libertarians and free market people is like herding cats. It's almost impossible. So we can't get our act together well enough to boycott the free speech that we shouldn't -- so that's a good thing, they're so disorganized, they're way behind the left.

BILL: Way behind.

GLENN: It does exist, but it is way behind.

So let me ask you this, Bill: Play out the media. Because people may not know the names. They may not know the connections like you do, like we've tried to lay out for a long time.

But they -- they know they're not getting the truth. And on top of it, all they're getting is yelling back and forth. You're a Nazi, or you're a communist.

BILL: But there's not even much yelling anymore. Because all of the -- not all -- but most of the commentators, at least on cable news, are cowed. They know now that their whole livelihood is in jeopardy.

Look, on Wednesday night -- no, sorry. Tuesday night. Tuesday night. The -- the biggest news night of the year, with Trump in Charlottesville, right? The press conference.

GLENN: Yep.

BILL: Guess who came in third in cable news? Guess who came in third.

GLENN: Fox? Fox?

BILL: Yes. Fox News came in third. CNN and MSNBC -- CNN beat them in the demo. MSNBC beat them outright. And it wasn't even close.

Fox -- it was stunning to watch the television ratings come in. Why? Because on Fox, which would be naturally inclined to give President Trump the benefit of the doubt. All right? The benefit of the doubt.

GLENN: Yep.

BILL: They no longer do that, en masse. Because they're afraid. And so the audience of Fox knows, outside of Hannity and maybe Carlson a little bit, they're not going to get a robust defense of the right, of the conservative position. And so they don't watch.

Yet, the left hate Trumpers. Flock in to watch CNN and MSNBC work Donald Trump over.

GLENN: Okay.

BILL: So, therefore, the whole thing is changing and collapsing.

GLENN: Okay. So may I propose one change to this theory and see what you think.

I agree with that theory, generally. Generally. Except this time.

Because of the injection of the actual torch-carrying Nazi banner-wearing Jew -- you know, anti-Jew chanting Nazis, now people don't want to -- they don't feel comfortable with a full-throated -- and I'm talked about the audience. A full-throated defense. Because they -- it worked to Trump's -- to his advantage.

BILL: That's absolutely right, Beck. But you don't have to do that. You do what I did in my two columns on this: You explain the mistakes Trump is making.

GLENN: Correct.

BILL: Which I did. All right? And then you say, "Here's what should take place."

GLENN: Yes. Yes.

BILL: Here's the truth. Okay? That's all the audience wants.

The audience isn't mad at me. My audience on BillO'Reilly.com and on The Hill and every place else I go isn't mad at me because I point out Trump's mistakes -- they aren't. They're happy that I'm trying to apply some perspective to it. That's what's missing.

And so that you have a media now that is -- it's flocking -- it's unbelievable. Let's get Trump out of office. That's the goal of the media.

GLENN: Yes.

BILL: So where is the counter to that? It's evaporating, which is why Fox News came in third place on Tuesday.

GLENN: Because I don't think, honestly -- I mean, I have a very low opinion of people in the news. I don't think they're generally curious. I think they're intellectually dishonest. I mean, I think they've gone a little dead inside, quite honestly. And so I don't know a lot of people that can make that intelligent case and draw that line and -- and be able to say, "No. He's wrong here. He's right there."

Most of them are too afraid by the numbers, by, you know, whatever.

And so --

BILL: They're intimidated. They don't really have the intellectual heft to do it anyway. All right?

GLENN: Exactly right. And you have the intellectual heft to do that. And that's why you're being successful right now. Our ratings are going up. While everybody else is going down, our ratings are up 11 percent. Why? Because we will tell you when Donald Trump has done well. And we will tell you when he's really screwing it up. We will try to give you perspective as well.

But we don't -- I don't believe that people are comfortable right now. And this is what the media thinks they have to do on the right. And that is just, you back him. Back him. Back him. No matter what.

That's not the right course.

BILL: You can't do that. But you can't buy into a dishonest analysis. But you're wrong about why your ratings are going up, Beck.

GLENN: Oh, my gosh.

BILL: It's your goatee. It's the goatee. Ever since --

STU: Oh.

GLENN: Wait a minute. Did Bill O'Reilly just make something not about him?

STU: I thought for sure --

GLENN: That is not possible.

BILL: Personal attack. Personal attack.

JEFFY: Wow.

GLENN: Bill, good to talk to you. BillO'Reilly.com. Check out his new webcast. Once in a while he has a good guest like Colonel Sanders.

BILL: Oh, yeah, is it all about you, Beck?

GLENN: But BillO'Reilly.com. Check him out every day. The No Spin News. Thank you very much, Bill. I appreciate it.

BILL: All right. Thanks for having me in.

GLENN: You bet.

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.