Better a Year Early Than a Day Too Late: Preparation Only Has Value in Advance

He who hesitates is lost. ---proverb

Change, especially a collapse scenario, often happens quite fast. So fast that there's little to no time to react in the short frenzy between "before" and "after".

This is true throughout nature. Glaciers that took millennia to form calve off into the sea in a matter of moments. Old-growth forests filled with thousand-year-old trees can be decimated by a single wildfire. The bubonic plague "Black Death" pandemic of the Middle Ages killed one-third of the Earth's human population over just four short years.

Fast change is also a hallmark of human society. Movements and ideas -- oftentimes simmering for years, decades or longer -- suddenly reach a critical state in which the populace is swept up into history-making action. The outbreak of World War I. The Civil Rights movement. The dissolution of the USSR. The Digital Age.

When it comes, change happens swiftly. And life after -- for better or worse -- is forever different.

I've witnessed this time and time again since co-founding PeakProsperity.com. And in pretty much every instance, I notice that the vast majority of people -- including even many of the the watchful and preparation-minded folks who read this site -- are caught by surprise.

Fukushima

A good example of this was the disaster at the Fukushima Daiichi nuclear power plant in March of 2011. Of course, no one could have foretold the timing and scale of the tsunami, and virtually nobody expected that it could overwhelm the facility as spectacularly as it did. So in the immediate aftermath of the plant's failure, the world looked on in sympathy, not fear.

But on March 12th, that changed as the first of several hydrogen explosions was observed among the reactors. And then my phone rang.

It was Chris, my co-founder here at PeakProsperity.com. "I don't know exactly what that was, but it wasn't good", he said. Based on his background in the sciences, his strong assessment was that the situation at the plant was much more serious than was being publicly admitted to.

Since I live on the west coast here in the US, he advised me to consider getting a radiation detection/contamination protection kit -- "just in case". While we both hoped it wouldn't come to that, I quickly heeded the advice. I placed an order for a kit as well as a shipment of iodine tablets.

I was very lucky to have done so. Because just a few short hours later, as the world woke up to the worsening situation at Fukushima, anything related to radioactive contamination was sold out across the US. For months. The supply chain for that stuff was miniscule compared to the demand of a panicked nation.

If you were late to game -- and pretty much EVERYBODY but the extreme early-birds like me was -- you were out of luck. And vulnerable.

Now, thankfully, as horrible as the on-going crisis there still is (it's five years later and the radioactive fuel that melted through containment still remains in a molten state), the worst-case scenario didn't materialize.

But I still keep my contamination kit handy. More than anything else as a reminder of how fast things can change. And of the outsized value of early action.

Oroville Dam

More recently, we saw a similarly swift devolution of events at California's Oroville Dam this year. The west coast had suffered an especially wet winter, and an arrival of a Pineapple Express in February didn't help the situation.

California residents were focused on flooding and mudslides in the usual places -- no one had any inkling that there was risk of larger infrastructure failures, let alone one at the tallest dam in the US. And, as the water levels rose at the Oroville Dam, the communication from state authorities was "All is fine. All is under control. There's nothing to worry about" -- until suddenly a mass evacuation of over 200,000 residents living downstream was ordered.

Not surprisingly, the subsequent panicked scramble resulted in tremendous traffic jams, slowing down the evacuation to a snail's pace. Residents had no time to prepare, buy supplies (if there were enough in their area to purchase), or line up a safe destination they could head for. They just had to grab what they could and flee as best they were able.

Again, everything appeared fine right up until the tipping point. Those with the foresight beforehand to pack a to-go bag, arrange a bug-out crash pad -- or better yet -- leave for a safer location until the waters stopped rising, fared much better than the herd who waited.

2008 Financial Crisis

On a more economic note, I've pointed out in a number of past articles how quickly things went south during the 2008 financial crisis. Even pundits like Chris and I, who warned for years it was very likely coming, were still shocked by how viciously it struck.

Most folks have preferred to forget how quickly the bubble popped. Between September and October, the S&P 500 lost one-third of its value. Poof!

Of course, the S&P then continued falling through March, ending at over 50% lower than its pre-crisis high. Millions of jobs were lost over these months. And the prices of other major assets from houses to bonds were savaged, too.

It all happened so quickly that most investors and homeowners were simply overwhelmed by the shock. Unsure what to do, they simply watched the price of their assets continue to fall -- praying for the carnage to end.

Timing Isn't Everything. Positioning Is.

They say that Timing is everything. I disagree.

Trying to time disruptive events is a fool's errand. In the years I've been involved in running this business, I've seen too many people make big bets (portfolio allocation, geographic relocation, job change, etc) because they were rock-solidly convinced a major change event was 'imminent'. Most of those folks eventually regretted the cost of their haste as the status quo muddled on much longer than they'd expected.

Anyone who predicts with exactitude about the when of future events is deluding either you or themselves. More likely, both.

BUT, we can predict the what (i.e., what will happen) with much greater precision. And that's where advantage can be gained.

For instance, many of those paying attention in the years leading up to 2008 had arrived at the conclusion that bad policies and overly-loose lending standards had resulted in mal-investment on such a grand scale that a massive clearing event was inevitable. Did they know the date of the tipping point? No. But they knew the probability for a major financial crisis increased with each year.

Those who positioned themselves -- prudently -- in advance avoided the losses that everyone else took. As The Big Short detailed, some were even able to profit wildly from their foresight (though admittedly, this was just a rarified few).

The adjective "prudently" is important here, because here at PeakProsperity.com we emphasize risk management, not speculation. Our goal is to maximize our odds for prospering no matter which future outcome arrives. Yes, the intent is to enjoy the best (risk-adjusted) return in building our wealth as possible. But it's important to understand that sometimes 'prospering' simply means losing less than we would have otherwise, should events go against our expectations.

So for those looking to protect and growth their wealth, our advice is to focus on the positioning for highly-predictable events rather than their timing

This is the same logic underlying an insurance policy. Illness/injury, car accidents, house fires -- the timing of these, if they happen at all, is unknowable. But should they happen, insurance only has value to you if you procured it in advance.

The exact same is true across the spectrum of the Eight Forms Of Capital (for those unfamiliar with this framework, it's the guidance we offer for building "true wealth" in life). Don't wait to invest in your health until you've developed a chronic condition. Don't put off building community before a crisis (injury, job loss, etc) forces you to ask for help from others. Don't forget about creating an emergency kit until some disaster (hurricane, earthquake, flood, etc) hits.

For those who put off taking advance action, it may be simply "too late" in a number of scenarios should the status quo quickly change.

Don't be an 'avoidable victim'. For the events you calculate are likely to happen, assess your current level of preparedness and take steps now to shore up any deficiencies. As you do this, ask yourself: What would I absolutely regret not having in place should this happen tomorrow? Make that list your top priority.

To help you in this, we have a self-assessment form, which you can download for free here. We use it at our annual seminar each year, so it's pretty well-honed at this point.

After taking it, some folks prefer to go a step further and schedule a consultation with Chris to discuss their personal situation and get his experienced perspective on their plans as they take shape. If interested, you can learn more about how to do that here.

But the main focus here is to prioritize the key steps to take in advance of any potential life-altering events that concern you.

For example, anyone who reads PeakProsperity.com should know that Chris and I think a major market correction is long overdue. We anticipate price drops of a similar magnitude as seen during the 2008 crisis, and possibly even worse. (For those new to this site, read: The Mother Of All Financial Bubbles)

If you share our conclusion, are you positioned prudently should the market correction arrive tomorrow?

Remember that in 2008, most people didn't expect the market to fall. Folks believed: It's different this time. Yet when the market started tanking in September, it happened so quickly that investors had already lost a third of their portfolio's value by the time their October statements arrived in the mail. At that point, most were psychologically unprepared, and simply held on, praying that the market would go back up. And still prices kept falling for months after.

Don't let this happen to you. Determine what your minimum acceptable positioning should be and then make sure it's in place. Even if it's as simple as just holding more of your investment portfolio in boring old cash. (Feel free to read our How To Hedge Against A Market Correction guide for additional ideas). I myself just updated readers on how I recently increased my short positions within my portfolio.

Yet it still surprises me how many people I talk with regularly who agree the risk of a market correction is uncomfortably high, but have not yet begun to position themselves accordingly.

For example, a large number of folks have had free consultations with our endorsed financial advisor since the start of 2017, each very concerned to protect their financial wealth should a market correction happen. Many indeed plan to open accounts, but haven't yet -- remaining invested in their existing long positions for the time being. Why? Because they've been making money over the past several years, and can't yet wean themselves off of the central bank gravy train even though their brains tell them it will inevitably come to an abrupt and painful end.

If you're one of these folks, please reflect for a moment. No one can predict when the next market downturn will happen. By the time it does, your capital needs to have already been positioned smartly in advance. It will do you a lot less good to try to sell after taking an initial round of losses. And at that point, emotionally, you might find yourself too shell-shocked to take action. There might even be restrictions placed on access to your funds if the situation gets bad enough. So is today's urge to wait 'just a little bit longer' worth the risk?

Only you can determine if and when to transfer any of your capital over. But if you've already made the decision in your mind to eventually do so (as many of you have expressed), then a prudent step is to simply fill out the paperwork to open an account now. You can deal with any transfers later. Doing this is a small investment of your energy in the here and now, but will save you valuable time, stress and potential uncertainty should you decide to move your money there urgently in the future. So whether you plan to work with our endorsed adviser or another one you like even better, remove as much 'friction' as you can today that could threaten to derail your goals for tomorrow. 

The same logic applies to nearly anyone concerned by the Three E's discussed in The Crash Course:

  • Homeowners looking to sell before the next housing downturn -- With more and more major markets topping out, have you determined a time frame by which you'd like to have your house sold? Have you identified the broker/agent you'd like to use? Have you calculated your desired listing price?
  • Account holders at Too Big To Fail banks -- If you're planning on eventually moving your cash to an alternative provider with less exposure to derivative risk or the potential for a "bail-in", have you identified the specific credit union/savings bank/private vault/etc yet? Have you conducted a test transfer yet?
  • Those considering buying cryptocurrency for the first time -- Have you learned how to purchase them yet? Which coin(s) do you want to buy? Are you going to use an exchange? Which one? How do you plan to store your coins? Have you lined up that solution yet?
  • Those switching to a de-growth lifestyle -- Where do you want to live? What will your homestead needs be? Will you keep your current job or need to re-skill? Will your new lifestyle depend more on others? If these answers require any life changes, have you made any of them yet?
  • And on and on...

In all of these cases, the benefits of taking action on the essential steps today, in advance of a future date by which you may desperately want those steps to have been taken, are clear.

Most folks just need a little nudge or inspiration to get started. Consider this your call to action. For those who haven't thoroughly utilized them yet, our free What Should I Do? Guide, as well as our book Prosper!: How to Prepare for the Future and Create a World Worth Inheriting are chock full of our best guidance and recommendations.

As Chris has often said about preparing for events that have large downside risks: It's much better to be a year early than a day late.

Very wise words.

What would you regret most being a day late on? Whatever your answer, focus your attention there -- today.

~ Adam Taggart

Glenn Beck: Adam Schiff is a LIAR — and we have the proof

Image source: Glenn Beck Program on BlazeTV

On the radio program Wednesday, Glenn Beck didn't hold back when discussing the latest in a long list of lies issued by House Intelligence Committee Chairman Adam Schiff (D-Calif.) during the Democrats' ongoing endeavor to remove President Donald Trump from office.

"I'm going to just come out and say, Adam Schiff is a liar. And he intentionally lied. And we have the proof. The media being his little lapdog, but I'll explain what's really going on, and call the man a liar to his face," Glenn asserted. "No, I'm not suggesting he's a liar. No, I'm telling you, he's a liar. ... Adam Schiff is a lying dirtbag."

A recent report in Politico claimed Schiff "mischaracterized" the content of a document sent to House Judiciary Chairman Jerry Nadler (D-N.Y.) as evidence against President Trump in the Senate impeachment trial. Read more on this here.

"Let me translate [for Politico]," Glenn said. "House Intelligence Chairman Adam Schiff lied about a text message exchange between two players in the Ukrainian saga. And we know it, because of the documents that were obtained by Politico."

A few of the other lies on Schiff's list include his repeated false claims that there was "significant evidence of collusion" between the Trump campaign and Russia leading up to the 2016 presidential election, his phony version of President Trump's phone call with the president of Ukraine, and his retracted claim that neither he nor his committee ever had contact with the Trump-Ukraine whistleblower. And the list just keeps getting longer.

Watch the video below for more details:

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On the radio program Tuesday, Glenn Beck and Stu Burguiere discussed recent reports that former Vice President Joe Biden's son, Hunter, wasn't the only family member to capitalize on his connections to land an unbelievably lucrative job even though he lacked qualifications or experience.

According to Peter Schweizer's new book, "Profiles in Corruption: Abuse of Power by America's Progressive Elite," Joe Biden's younger brother, Frank, enjoyed the benefit of $54 million in taxpayer loans during the Obama administration to try his hand at an international development venture.

A lawyer by training, Frank Biden teamed up with a developer named Craig Williamson to build a sprawling luxury resort in Costa Rica, which claimed to be on a mission to preserve the country's forests but actually resulted in the decimation of thousands of acres of wilderness.

The then-vice president's brother also reportedly earned hundreds of thousands of dollars as the front man of a for-profit charter school company called Mavericks in Education.

The charter schools, which focused on helping at-risk teens, eventually failed after allegations of mismanagement and a series of lawsuits derailed the dubious business venture.

Watch the video below to get Glenn's take on these latest revelations in the Biden family corruption saga:

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Ryan: Bernie at the disco

Photo by Sean Ryan

Saturday at El Malecón, we waited for the Democratic socialist. He had the wild white hair like a monk and the thick glasses and the booming voice full of hacks and no niceties.

Photo by Sean Ryan

The venue had been redecorated since we visited a few nights before when we chatted with Castro. It didn't even feel like the same place. No bouncy castle this time.

Photo by Sean Ryan

A black curtain blocked the stage, giving the room a much-needed depth.

Behind the podium, two rows of mostly young people, all holding Bernie signs, all so diverse and picturesque and strategic.

Photo by Sean Ryan

Lots of empty seats. Poor showing of Bernie fans for a Saturday afternoon. At one point, someone from Bernie's staff offered us seats in the audience, as if eager to fill up those seats however possible.

There were about 75 people in the dancehall, a place built for reunions and weddings and all those other festivities. But for a few hours on Saturday, August 10, 2019, it turned serious and wild for "Unidos Con Bernie."

Photo by Sean Ryan

People had been murmuring about Sanders' speech from the night before at Wing Ding. By all appearances, he had developed a raving lust to overthrow Trump. He had even promised, with his wife just out of view, that, were he elected, he'd end white nationalism in America. For good.

El Malecón lacked its previous air of celebration. It had undertaken a brooding yet defiant spirit. Media were sparse. Four cameras faced the podium. Three photographers, one of whom had been at nearly all the same events as us. A few of the staffers frowned at an empty row of chairs, because there weren't that many chairs to begin with.

At the entrance, Bernie staff handed out headsets that translated English to Spanish or Spanish to English, depending on who the speaker was. The translators stood behind the bar, 20 feet from the podium, and spoke into a lip-ribbon microphone.

Bernie's staff was probably the coolest, by far. As in, they looked cool and acted stylishly. Jeans. Sandals. Careworn blazers. Tattoos. One lad had a black Levi's shirt with lush crimson roses even though he wasn't a cowboy or a ranch-hand. Mustaches. Quirky hats. A plain green sundress. Some of them wore glasses, big clunking frames.

Photo by Sean Ryan

The outfits were distinctly Bernie. As Bernie as the tie-dyed "BERNIE" shirts for sale outside the club. Or later, at the Hilton, like a Grateful Dead cassette stand.

Immigration was the theme, and everyone in the audience bore some proof of a journey. Because America offers life, freedom, and hope.

Sanders' own father emigrated from Poland to America at 17, a high school dropout who could barely speak English. As a Jew, he'd faced religious persecution.

Within one generation, Bernie Sanders' father contributed to the highest stratum of American society. In one generation, near hopelessness had transformed into Democracy, his son a congressman with a serious chance at the presidency.

Photo by Sean Ryan

That's the beauty of America. Come here broken and empty and gutted and voiceless. And, within your lifetime, you can mend yourself then become a pillar of society. Then, your son can become the President of the United States of America!

Four people gave speeches before Sanders. They took their time, excited and nervous. They putzed. Because how often do you get to introduce a presidential frontrunner?

All the native English speakers jammed their earpieces when the woman with the kind and dark energy took the stage.

Photo by Sean Ryan

She mumbled in Spanish and did not look up and said that, when her parents died, she couldn't go home for the funeral. She fought back tears. She swallowed hard to shock herself calm. And the room engulfed each silence between every word.

It felt more like a therapy session than a political rally. A grueling therapy session at that. Was that what drew people to Bernie Sanders, that deep anguish? That brisk hope? Or, rather, the cessation of it, through Sanders? And, of course, the resultant freedom? Was it what gave Sanders a saintlike ability to lead people into the realm of the confessional? Did he have enough strength to lead a revolution?

Photo by Sean Ryan

While other frontrunners hocked out money for appearances, like the studio lights, Sanders spent money on translators and ear-pieces. The impression I got was that he would gladly speak anywhere. To anyone. He had the transitory energy you can capture in the writings of Gandhi.

Photo by Sean Ryan

I'm not saying he's right or wrong — I will never make that claim, about any of the candidates, because that's not the point of this, not the point of journalism, amen — what I'm saying is he has the brutal energy of someone who can take the subway after a soiree or rant about life by a tractor or chuck it up with Sarah Silverman, surrounded wherever he goes.

Without the slightest fanfare, Sanders emerged from behind the black curtain. The woman at the podium gasped a little. The room suctioned forward when he entered. In part because he was so nonchalant. And, again. That magnetism to a room when a famous or powerful or charming person enters. Not many people have it. Not many can keep it. Even fewer know how to brace it, to cull it on demand. But several of the candidates did. One or two even had something greater.

Photo by Sean Ryan

I'll only say that Bernie had it with a bohemian fervor, like he was a monk stranded in a big city that he slowly brings to God.

"We have a President who, for the first time in my lifetime, who is a President who is a racist," he shouted. "Who is a xenophobe and anti-immigrant. Who is a sexist. Who is a religious bigot. And who, is a homophobe. And, what is very disappointing is that, when we have a President, we do not necessarily expect to agree with him, or her, on every issue. But we do believe that one of the obligations is to bring people to-geth-ah. As Americans."

Photo by Sean Ryan

After listening silently for several minutes, the audience clapped. Their sweet response felt cultish. But, then again, what doesn't feel cultish these days? So this was cultish like memes are cultish, in a striving-to-understand kind of way.

"The essence of our campaign is in fact to bring people together," he said. "Whether they're black, or white, or latino, or Native American, or Asian-American. We understand that we are Americans."

At times, this meant sharing a common humanity. Others, it had a slightly more disruptive feel. Which worked. Sometimes all we want is revolution. To be wild without recourse. To overthrow. To pass through the constraints of each day. To survive. The kind of rowdy stuff that makes for good poetry but destroys credit lines. Sanders radiated with this intensity, like a reclusive philosopher returning to society, from his cave to homes and beds and fences and maybe electricity.

Photo by Sean Ryan

But, as he says, his revolution would involve healthcare and wages and tuition, not beheadings and purges and starvation.

Seeing the Presidential candidates improvise was amazing. They did it constantly. They would turn any of their beliefs into a universal statement. And Sanders did this without trying. So he avoided doing the unbearably arrogant thing of pretending to speak like a native Guatemalan, and he looked at the group of people, and he mumbled in his cloudy accent:

"My Spanish — is not so good."

Photo by Sean Ryan

This is the same and the opposite of President Trump's Everyman way of speaking English like an American. Of speaking American.

Often, you know what Sanders will say next. You can feel it. And, anytime this happened, it brought comfort to the room.

Like, it surprised no one when he said that he would reinstate DACA on his first day in office. It still drew applause.

But other times, he expressed wild ideas with poetic clarity. And his conclusions arrived at unusual junctures. Not just in comparison to Republicans. To all of them. Bernie was the Tupac of the 2020 election. And, to him, President Trump was Suge Knight, the evil force behind it all.

"Donald Trump is an idiot," he shouted.

Photo by Sean Ryan

Everybody loved that. Everybody clapped and whooped and some even whistled like they were outside and not in a linoleum-floor dancehall.

"Go get 'em, Bernie," someone in the back shouted.

This was the only Sanders appearance with no protestors.

"Let me say this about the border," he shouted. And everybody listened to every thunking syllable. He probably could have spoken without a mic. Booming voice. Loud and clear. Huddling into that heavy Vermont slug accent.

They'll say many many things about Bernie. One being, you never had to lean forward to hear him. In person, even more so. He's less frail. More dynamic.

Photo by Sean Ryan

Despite the shoddiness of the venue, there was a sign language interpreter. Most of the rallies had a designated interpreter.

"If you work 40 hours a week you shouldn't be living in poverty," he shouted, provoking chants and applause from the audience, as if he were talking about them. Maybe he was.

An anecdote about the people at an emergency food shelf blended into the livable wage of $15 an hour. He shifted into his spiel about tuition-free college and pointed at the audience, "You're not doing well," then at the kids behind him, "they are." He craned his head sideways and back. "Do your homework," he told said.

Laughter.

Half of the kids looked like they hadn't eaten in days. Maybe it was their unusual situation, a few feet from Bernie Sanders at a stucco community center.

Before the room could settle, Sanders wove through a plan for how to cancel debt.

Did he have a solution?

Tax Wall Street, he shouted.

Photo by Sean Ryan

And he made it sound easy. "Uno dos trey," he said. "That's my Spanish for today."

A serious man, he shoved through his speech like a tank hurtling into dense jungle. He avoided many of the typical politician gimmicks. Proof that he did not practice every expression in front of a mirror. That he did not hide his accent. That he did not preen his hair. That he did not smile for a precise amount of time, depending on the audience. That he did not pretend to laugh.

Photo by Sean Ryan

He laughed when humor overtook him. But it was genuine. With none of the throaty recoil you hear in forced laughter.

"I want everyone to take a deep breath," he said. And a palpable lightness spread through the room, because a deep breath can solve a lot of problems.

Photo by Sean Ryan

Then he roused some more. "Healthcare is a human right," he shouted. "A human privilege," he shouted. He told them that he lives 50 miles from the Canadian border in Burlington, Vermont, and healthcare works better up north.

Each candidate had a bad word, and Sanders' was "corporate."

Photo by Sean Ryan

At every speech, he mentioned "corporate media" with the same distrust and unpleasantness that conservatives derive from the term "mainstream media." Another would be "fake news," as popularized by Sanders' sworn enemy. Either way it's the same media. Just different motivations that irk different people.

But the discrepancies varied. Meaning two opposing political movements disliked the same thing, but for opposite reasons.
It sounded odd, Sanders' accusation that the media were against him. The media love Bernie. I can confirm this both anecdotally and judiciously. Yes, okay, in 2016, the media appeared to have sided with Hillary Clinton. As a result, Sanders was publicly humiliated. Because Clinton took a mafioso approach to dealing with opponents, and Sanders was her only roadblock.

Imagine if a major political organization devoted part of each day to agitating your downfall. And then you fail. And who's fault is it?

Sanders wanted to know: those negative ads targeting him, who paid for them?

Photo by Sean Ryan

Corporations, of course. Corporations that hated radicals like him. And really was he so radical? He listed off the possibilities: Big pharma, insurance companies, oil companies.

Because he had become a revolutionary, to them. To many.

He said it with certainty, although he often didn't have to say it at all. This spirit of rebellion had become his brand. He would lead the wild Americans into a utopia.

But just as quickly, he would attack. Trump, as always, was the target.

He called Trump the worst president in American history.

"The fates are Yuge," he shouted.

The speech ended as informally as it had begun. And Sanders' trance over the audience evaporated, replaced by that suction energy. Everyone rushed closer and closer to the man as Neil Young's "Keep on Rockin in the Free World" blared. Sanders leaned into the podium and said, "If anyone wants to form a line, we can do some selfies."

Photo by Sean Ryan

It was like meeting Jesus for some of the people.

There he was, at El Malecón. No stage lights, no makeup, no stylist behind the curtain. Just him and his ideas and his erratic hand commotion.

Then a man holding a baby leaned in for a photo. He and Sanders chatted. And, I kid you not, the whole time the baby is staring at Bernie Sanders like he's the image of God, looking right up at him, with this glow, this understanding.

Bernie, if you're reading this, I'd like to suggest that — if this election doesn't work for you — you could be the next Pope.

New installments come Mondays and Thursdays. Check out my Twitter. Email me at kryan@blazemedia.com

On the "Glenn Beck Radio Program" Monday, Harvard Law professor and lawyer on President Donald Trump's impeachment defense team Alan Dershowitz explains the history of impeachment and its process, why the framers did not include abuse of power as criteria for a Constitutional impeachment, why the Democrats are framing their case the way they are, and what to look for in the upcoming Senate trial.

Dershowitz argued that "abuse of power" -- one of two articles of impeachment against Trump approved by House Democrats last month -- is not an impeachable act.

"There are two articles of impeachment. The second is 'obstruction of Congress.' That's just a false accusation," said Dershowitz. "But they also charge him, in the Ukraine matter, with abuse of power. But abuse of power was discussed by the framers (of the U.S. Constitution) ... the framers refused to include abuse of power because it was too broad, too open-ended.

"In the words of James Madison, the father of our Constitution, it would lead presidents to serve at the will of Congress. And that's exactly what the framers didn't want, which is why they were very specific and said a president can be impeached only for treason, bribery, or other high crimes and misdemeanors," he added.

"What's alleged against President Trump is not criminal," added Dershowitz. "If they had criminal issues to allege, you can be sure they would have done it. If they could establish bribery or treason, they would have done it already. But they didn't do it. They instead used this concept of abuse of power, which is so broad and general ... any president could be charged with it."

Watch the video below to hear more details:



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