Glenn: Be ‘Crystal Clear’ — Neo-Nazis ‘Are an Enemy of Mankind’

Vice interviewed white supremacists over the weekend in Charlottesville, compiling the interviews in a startling documentary that shows their Tiki-lit march while chanting “Jews will not replace us.”

On Wednesday’s “The Glenn Beck Radio Program,” Glenn Beck and the guys looked at a truly disturbing moment with a white nationalist who wanted a leader “a lot more racist than Donald Trump.” The white supremacist couldn’t believe Trump would “give his daughter to a Jew,” expressing his disgust for Ivanka Trump’s marriage to Jared Kushner.

Glenn compared people who make excuses for white supremacists to those who defended terrorists in the wake of 9/11. The problem with President Donald Trump’s comments on Tuesday about Charlottesville is that he wasn’t clear on condemning these atrocious beliefs.

“You do not defend, excuse or play ‘whataboutism’ with these horrifying comments,” Glenn said. “You hear this; you do not follow this with, ‘Yeah, but you know, the other side.’”

GLENN: Got some good news: There is a black group in Dallas that has vowed to protect the Confederate monuments here in the Dallas/Fort Worth area. It is in direct contrast to the way people are acting elsewhere. This black group here in Dallas said, "You know what, they don't affect my life, they're all dead, and it is part of our history."

Should we have perspective on those things? Yeah. Should we just start tearing monuments down? You know, I -- I would suggest that's part of our problem, that we are destroying everything. Remember when I said to you, "Everything that you thought was solid would be liquid, and liquid will be solid?" The entire country is being turned inside out and upside down.

We'll show you, first of all, how that's being done, why that's being done. But by the end of this hour, I think you will also understand who's really behind this. And it's not your neighbor, no matter who they voted for. We begin there, right now.

(music)

Let me give you the story: An anti-Trump activist has been accused of executing his neighbor who was a prominent Republican and Donald Trump supporter. Clayton Carter allegedly shot George Jennings, 51, twice in the head outside of his home in Pennsylvania in the early hours of August 8th.

Clayton Carter, 51, accused of shooting his neighbor, George Jennings.

Now, you can take this story, and you can spin it this way: Clayton had a whole bunch of Donald Trump signs in his front yard.

PAT: Anti-Trump.

GLENN: Or, I'm sorry. Yeah, anti-Trump in his front yard. He's the guy who did the shooting. The neighbor who was shot was pro-Trump. He was pro-G.O.P. They had been going at it forever.

The anti-Trump guy had enough of his neighbor and executed him. Put a bullet in his head. And then as he came down, put a second bullet in his head.

PAT: As his wife looked on.

GLENN: Now, this is the story I could tell. Or I could go a little deeper and say, "Yes. He was a rabid anti-Trump guy." And I could just make a case, "Now, all anti-Trump people are angry and violent and they're all going after their neighbors. If you disagree with them, they'll put a bullet in your head. Because that's how angry they really are." I could get you whipped up into that.

Or I could say, "You know what, there's probably something more." And once you do that homework, you realize this guy is -- the anti-Trump guy is angry all the time about everything. He's a guy who likes, it seems, to be angry. And nobody gets along with him in the neighborhood. And these guys had been arguing for years.

It was the Hatfields and McCoy. We -- we need to stop looking at just the political motivations in things. We also need to stop making generalizations of everyone based on who they voted for. Here's a guy who was anti-Donald Trump. Look, he shot his neighbor -- executed his neighbor. Shot him twice in the head. That's just like those anti-Trump people. Look how angry they all are.

Why are they angry? Why are they angry? And who is making them angry? And why is the left angry? And who is making them angry?

On both sides, I think both sides have a reason to be angry. We can get into whataboutism all you want, but I'm not talking about the fringes. I'm talking about the people that you know. The people that you've been friends with, who are not crazy. Why are they so angry?

Something is playing on them, beyond politics. Now, let me say -- first, I want to separate that group. That's the group of people you know on both sides of the aisle. Then there's another group. And these guys -- these groups deal in anger and rage and hatred.

Vice happened to be in Charlottesville over the weekend. And so they were doing a special on this white nationalist group. This is the alt-right. This is anybody who was, you know, posting little pictures of the frog and -- and, you know, starting -- you're just a cuckservative. That all came from the alt-right. All that language that so many of your friends adopted was started by the alt-right. Now, that doesn't make them an alt-right person. It just means they weren't aware of who these people are. And let's show you who these people are, on both sides.

Listen to this.

VOICE: Jews will not replace us! Jews will not replace us!

GLENN: Jews will not replace us.

VOICE: Jews will not replace us!

PAT: So that's what they're worried about, they're worried about being replaced by Jews. And, you know, who can blame them?

(laughter)

STU: Well, I can blame them.

GLENN: There's 16 million Jews on the planet. They all have to have ten jobs each -- ten full-time jobs each just to cover the jobs in the United States.

PAT: Well, just in America. Yeah. Yeah.

GLENN: Just in America. And I'm very concerned about that.

STU: I wouldn't say white nationalists are known for their math. I wouldn't say that's one of their strong suits.

GLENN: Right. Right. Well, they're socialists, so they believe in the big state. So they're probably for Common Core.

STU: Oh.

PAT: I'm worried about the Frisbeetarians. Because they have replaced a lot of people already.

STU: Frisbeetarians?

PAT: Yeah. The people who believe that when you die, your soul goes up on the roof and you can't get it back down.

GLENN: Yeah, like a Frisbee.

JEFFY: Yeah.

PAT: Yeah. Yeah.

STU: I've never heard of it.

GLENN: Oh, yeah. No, it's big. It's really big. It's in Clear Water, Florida, I believe. The head of the Frisbeetarian Church.

JEFFY: Yes, it is.

GLENN: But, anyway, we digress.

PAT: Here's more.

VOICE: I'm here to spread idea, talk, in the hopes that somebody more capable will come along and do that, somebody like Donald Trump who does not give his daughter to a Jew.

PAT: Oh, man.

VOICE: So Donald Trump, but, like, more racist?

VOICE: A lot more racist than Donald Trump.

I don't think that you could feel about race the way I do and watch that Kushner bastard walk around with that beautiful girl. Okay?

PAT: Is that unbelievable?

STU: Unreal.

PAT: How do you get to feel that way about Jewish people? How does that happen? I don't even understand the Jewish hate. I don't even get it.

GLENN: You have to be taught. You have to be taught. You're not born with that kind of stuff.

PAT: No. Why would you be? Unless you're Palestinian, and then you've grown up in it, and you've gone to kindergarten and they've taught you all these things.

In America, how does that happen? How does that happen?

GLENN: I have no idea. I have no idea.

PAT: Bizarre.

GLENN: I didn't even know a Jewish person until my agent George Hilsink (phonetic). I mean, I was, what? Thirty? Not that I -- I may have known -- I never like, oh, you're Jewish, what's happened with -- I don't. I'm sure I knew them. I didn't care. We didn't talk about it. It was no big deal.

STU: You treat people as individuals. Which is kind of how you're supposed to do it, I think.

But, I mean, you look at it, and that clip sounds like it's going to be the typical media attack against Donald Trump. And you realize that, you know, that was not what it was at all. That is this guy saying, "You know, Donald Trump isn't going nearly far enough for me." And this is why you want Trump to come out and disassociate himself with these people as strongly as possible.

GLENN: And also --

STU: Look, obviously Donald Trump does not believe what this moron believes. You look at who he's put in his administration, besides his daughter and his --

GLENN: Please tell me there's no more Jews in that.

STU: There's lots of them.

GLENN: Oh, my gosh!

STU: He was doing -- he was behind -- Gary Cohn and Steve Mnuchin were right behind him when he was doing the press conference yesterday.

GLENN: Thank goodness -- he didn't have any black people in, does he?

STU: You know what, yeah. Yeah.

GLENN: Holy cow.

STU: This is stunning.

GLENN: I didn't know. Jews and blacks, both working in the government?

STU: Yeah. Yes. Yes.

PAT: Side by side. Side by side.

GLENN: Holy cow. Holy cow.

STU: This guy is going to be pissed off about it, I'm sure, in this audio.

GLENN: So this is -- again, just showing you --

PAT: It's bizarre.

GLENN: You do not defend, excuse, or play whataboutism.

PAT: Uh-huh.

GLENN: The minute you say -- you hear this. No. Stop. You hear this. You do not follow this with, "Yeah, but -- you know, the other side is -- I don't care what the other side is doing. You know what that is? You know what that makes you sound like? Everyone we have railed against since September 11th. "Yes, I'm against the terrorists, but I will tell you that you guys have done -- you stopped listening to those people.

PAT: Yeah.

GLENN: And this is the problem with Donald Trump's speech.

If you are not absolutely crystal clear, these guys are an enemy of not the United States, not of mine. Of mankind.

There's no whataboutism. There's no other side. There's nothing. We're talking about them right now.

PAT: And --

GLENN: Believe me, I'll get to the other side later. We're talking about them. There's no way you stand or dismiss or do anything, but say, "That's poison. I am as far away from that as possible."

STU: And you can watch CNN all day and find -- and anyplace, and find people denouncing white supremacists. Some of them are just doing it hyper partisan, Trump reasons. Some of them are doing it, and they are completely right, word-for-word, I would agree with them. The issue here though is, none of those things mean anything to white supremacies. None of those denunciations coming from CNN or MSNBC mean a thing. It would mean something from Donald Trump. And that's you want him to be so passionate about it, more passionate than a guy leaving your economic council.

GLENN: Right. They don't -- they don't mind being on the fringe. They like being on the fringe. That's where they -- that's the only place they can grow in darkness. The president shining a spotlight on them is really important.

But I really don't care about how they feel. I really don't. What I care about is that we have drawn a very bright line all around them. And said, "Do not cross this line." To our side. To our side.

See this group of people. This is what they believe. Stay a million miles away from them. It's not about them. It's about us.

I'm not going to excuse. I'm not going to play whataboutism, at all. I won't. They're wrong. They're evil. And they are an enemy to humanity.

Next clip, please.

VOICE: Trump wasn't able to beat us. The left, who are the good boys of the capitalist class and the bourgeoisie and the status quo.

GLENN: Okay. Stop for a second. Stop. Hang on just a second.

What was that? What was that? Capitalists?

STU: What word was that? Capitalists?

GLENN: Yeah. What is he saying there, Stu?

STU: Hmm. He seems to be against capitalists.

GLENN: Capitalists.

PAT: Uh-huh. The bourgeoisie.

GLENN: And the bourgeoisie. I'm sorry. The only person I have ever met in my life and have even seen in movies that uses the word "bourgeoisie" are Marxists.

PAT: Well, Marxists and Jeffy, who doesn't like bougie sauce.

JEFFY: Right. Thank you.

STU: That's true.

PAT: He uses that on a regular basis, but not the entire word. Because he doesn't know it.

GLENN: Right. Right.

STU: But you're right. The bourgeoisie -- this is -- and it's an attack used, by the way, as people you might know as national socialists.

PAT: Yeah.

STU: They don't like capitalism. They crushed it --

GLENN: So wait a minute. By listening and exposing these people, you now can see in their own language, when they say "alt-right," they mean alternate right, as in defining the word alternate, a replacement of the right. They cannot co-exist with the right because they do not believe in the Constitution. They believe in a Marxist, socialist, heavy government state.

They have nothing to do with us. Draw a bright line around that.

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.