Ben Shapiro Praises Trump for This Bold Move on Israel

President Donald Trump formally recognized Jerusalem as the capital of Israel today, a controversial move that undoes decades of U.S. foreign policy.

The decision is part of a plan to shift the U.S. embassy from Tel Aviv to Jerusalem, something Trump promised during his 2016 campaign. Moving the embassy is a long process that will take several years, but formally recognizing Israel’s capital is the first step.

Conservative commentator Ben Shapiro joined Glenn on today’s show to share his perspective on Trump’s decision to recognize Jerusalem.

This article provided courtesy of TheBlaze.

GLENN: Good friend of the program. Daily Wire host and I think one of the most important men in the conservative movement today is Ben Shapiro. He joins us now. You up in New York, Ben?

BEN: Actually, no, I'm in LA. A little early.

GLENN: Yeah, sorry about that.

BEN: Not at all.

GLENN: Ben, I want to talk to you a little bit about what the president is claiming he's going to do today. And that is announce that Jerusalem is the capital of Israel. If he does that, but he's not announcing that, you know, that there is a new embassy -- we're going to ground break on, does it matter? And why?

BEN: So it does matter. It would matter more if he would move the embassy. The reason why it would matter is because that's a permanent statement. For him to say Jerusalem the eternal, undivided capital of Israel, that's stuff that presidential candidates have said before. The Senate itself voted 90-0 back in June that that was the case. So a political statement by the president is important. But it's always revocable. You can have a new president come in and say, while we don't necessarily believe what Trump believed and maybe it's up for negotiation --

GLENN: Yeah.

BEN: -- moving the embassy is more permanent. Yeah.

GLENN: I think it's Obama's Bear Ears monument. The next guy comes in, and it's whatever he wants.

BEN: Yeah, I think that's right. And what I'm hearing from the White House is that the White House is serious about moving the embassy. They're investigating the sites right now. But they're going to have to get it done before the next election, obviously, because you can't expect a Democrat to actually fulfill promises that Democrats have been making for 50 years.

So it's a big move. It's a big announcement. And good for Trump for doing it.

But I would definitely like to see it made more permanent. On the other hand, listen, the president of the United States is saying something that takes moral courage to say, in a time when people refuse to recognize both religious and historic reality on the ground. And that is a grand and good thing. It's definitely a gesture I think that's meaningful.

GLENN: So, Ben, I think you're a religious guy. And those who bless Israel will be blessed. And those who curse Israel will be cursed. I happen to believe that. I believe that we -- we were a country that was founded in part by our desire to restore Israel and to -- to bring Israel back. I think we played a key role to that.

And I've talked to scholars of the Founders who disagreed with me at first, and then went back after a year's worth of research and went, oh, crap. I think you're right. So I think we were blessed because of that path.

I think we'll be blessed because of this. Do you -- do you see it that way at all?

BEN: Yeah, 100 percent. I'm a religious Jew. This means a lot to me as a Jew because Jerusalem is the eternal capital of the Jewish people. I was explaining it this morning on Fox, that -- in order to understand the value of Jerusalem to Israel, you have to take Washington, DC, and then invest it with godly power and multiply it by a thousand. (inaudible) these things -- literally that we built on a swamp because we didn't want it to be part of any state, Jerusalem was built on a rock because God said so, right? That's the reason Christians care about it. It's the reason Muslims care about it, and it's the reason Jews cared about it a thousand years before Christ. So the idea that it's not the eternal capital is absurd.

As far as whether this is going to be a blessing, I think it will be a blessing because one of the things politically -- just in very practical terms, that I think is necessary here, is if you actually want a real peace negotiation between the Israelis and the Arabs, that has to be premised on some elemental truth.

Israel is not going to give up Jerusalem. Israel is not going to divide Jerusalem. And as soon as the other side recognizes that, as soon as the Arabs recognize that, maybe they can have a negotiation based on reality.

Beyond that, one of the things we're watching in the Middle East is something incredible right now, which is this unintended consequence of Obama's unbelievably crappy foreign policy. There is this new alliance, and pretty strong alliance, now forming the Egypt, Jordan, and Saudi Arabia against the Arabians. And for Trump to basically say, listen, I'm just going to get this Jerusalem thing off the table right now with the Israelis. And you're still going to have an alliance. Because it's more important for you to ally against Iran, than smack the Jews about. That's a ground shift in the nature of the relationship and I think something very important.

GLENN: So what do you think is the -- what do you think are the ramifications of this? Do you see any real ramifications?

BEN: Well, I think the Palestinians will try to launch a terror wave. But that's also true in most states.

It -- I think that you'll see some regimes like Saudi Arabia and Jordan have platitudes about how they'll oppose this. But I don't think they'll do anything of any real consequence.

Turkey might try to type in some more supplies to Hamas and the Palestinian authority, which had been operating in a quasi unity government for several years.

But, you know, again this is not the first wave of violence that has hit Israel, not even with regard to Jerusalem. I mean, I wrote an entire piece over at Daily Wire, tracing the history of violence with regard to Jerusalem. The reason that the Muslim world doesn't want to recognize Jerusalem as Israel's capital, because they don't want to recognize Israel as existing. Jerusalem is the heart of Israel. Jerusalem is not Jewish. Neither is Tel Aviv. Neither is Jaffa. Neither is any other Jewish city in Israel. So the recognition of Jerusalem that's an Israeli territory, that may be an ugly truth for a lot of anti-Semitic Muslims, but it is also a truth that is not going to change.

GLENN: So as I was trying to look at this today and put this into perspective, you know, as a lover of history, I look at this and I say, in my lifetime, born in 1964, there are very few things that I would say had real ramifications, eternal ramifications, big ramifications, like the fall of Berlin wall. The defeat of communism.

I believe this is one of the biggest events, if they move the capital. I believe this is one of the biggest events of my lifetime.

Would you agree with that?

BEN: It certainly could be. Yeah, it certainly could be. I mean, if they moved the embassy to Jerusalem, then it does set a new groundwork. And it makes it difficult for the United States ever to back off of that. It puts Israelis in charge of their own faith.

I mean, basically Bill Clinton, since Oslo, too many presidents have held that the fate of Israel's future in their hands, as opposed to letting the Israelis hold their own future in their hands. We really shouldn't be part of these negotiations in the first place. I mean, these are bilateral negotiations the United States has very little to do with.

It's an important thing. It's an important moral step. Because -- because the more that we recognize that, number one, we don't get to boss our allies around. And, number two, the more that we recognize that Israel is a force for good for the region, and we understand our own role in the world.

Our role in the world is as a freedom loving country that helps out freedom-loving allies. It's not as, quote, unquote, honest broker (phonetic) between freedom-loving countries and terrorism and tyranny-loving countries. I think that that is going to set American foreign policy on a new tactic that it desperately needed for a long time.

GLENN: So can I be really crass here? And now look at this politically.

You know, the timing is really interesting to me. And, you know, out of all of the people on the stage, you know, out of the 17 candidates, I just did not think he was going to be the guy that would actually come through with this. Because this takes massive stones to do. And you also have to really believe it. And I don't think -- while he has, you know, some Jewish influence in his family now, I don't think that's enough to do something like this. Usually it comes from a religious zeal, that this is right and righteous.

So let me just float this by, Ben, and see what you think. I think -- I think the president is in much more trouble than he wants to let on or anybody on the right wants to let on. Maybe not as much trouble as the left seems to hope for. But he's in real trouble.

And this gives him -- you can only -- you can only pick the bones of the Gorsuch nomination for so long. And this, again, puts him into a situation with a lot of groups. Especially evangelical Christians. Where you kind of put up with a lot of stuff. And kind of defend -- because you're like, look, that just happened. I mean, I don't know who else would have given us that. And it seems to me that it could be a -- a political maneuver to shore up some real fight to the end of the battle supporters. Am I being --

BEN: That's definitely a possibility. I don't want to psycho analyze the president because I think that's a fool's errand. But I also think that the timing of it is interesting. The truth is, I've never seen anything like -- the last two weeks have been so good for conservatives on policy.

GLENN: Yep.

BEN: You know, everything from the tax cuts to the national TARP stuff to Jerusalem. I mean, this is really, like, hard-core good stuff for conservatives.

And at the same time, the rhetoric that is coming out of the administration, like Roy Moore are really a problem.

And I do agree with you, that I think there may be a political attempt to shore this up.

But I will say that everyone that I know who surrounds the president, and I've gotten to know some members of the administration relatively well.

Everyone who surrounds the president, does believe this stuff, the Jerusalem stuff down to their bones. I'm not just talking about Jared and Ivanka. I'm talking about Vice President Pence. The people who are very close to the White House. This is stuff that they -- one of the things -- you're right, of the people on the stage, who pledged to do this, Trump was the person who I didn't trust the most.

But it does show, for all the people that keep saying, on the left, that the Republican Party is, you know, quasi anti-Semitic and all this nonsense, the fact is that I think that Trump was not the only guy on the stage who actually would have done it.

I mean, the fact that he's done it, he gets the credit obviously. But I think Ted Cruz would have done it. I think there's a good shot Marco Rubio would have done it.

I think there a bunch of candidates on the stage -- this has become a very strong issue for Republicans. So in that sense, I think you're right, it's one way of shoring up the base. But I'm not going to detract from the president for doing the moral thing, just because it's political advantageous.

GLENN: Yeah. I don't -- in fact, I want to do the opposite. I think, if he does this -- yeah, if he does this and he moves the embassy, it's one of the bravest moves I've seen probably since Ronald Reagan said that's an evil empire and needs to be destroyed.

BEN: I think that's right. I think that's exactly right. And I think it's very similar to the way the left has responded. The international commotion. Oh, this is going to be so terrible. It's going to lead to World War III. It's going to be a conflagration.

You know what is really going to happen? Countries have interests in the world. Saudi Arabia does not care that much about Jerusalem.

You know how I know that? Last week, the New York Times reported that Saudi Arabia was actually going to the Palestinian and telling them, you guys need to back off this Jerusalem thing and just cut a deal with Jerusalem and be done here. Saudi Arabia has no interest in this.

The Jordanian kingdom has no interest in this. So the idea that they're all going to suddenly stand up on their hind legs because they're so mad that Trump says that Jerusalem is a part of Israel, which it always has and always will be. I think that that's a lot of leftist claptrap.

GLENN: Ben Shapiro. Thank you very much. God bless. Editor-in-chief. DailyWire.com.

BEN: Thanks a lot.

GLENN: 2017. Wow.

Could anything else have happened in 2017? I mean, look at the history. We're going to do -- is it next week or the week after, we'll be doing some shows of just the year end review. Oh, my gosh

STU: I'm hesitant because at the end of 2016, I was like, ugh, let's get this year over with, get to something else. Then 2017 is happening. I'm thinking the same thing. But maybe I shouldn't.

GLENN: I know. Be careful what you wish for.

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.