Stop Pretending Conservatives and the ‘Alt-Right’ Are the Same Group

A recent USA Today news article wrongly tied Nazi Twitter accounts and the Daily Stormer to the conservative group PragerU.

CEO Marissa Streit joined Glenn on today’s show to talk about why conflating conservatives who believe in American principles with white supremacist hate groups is a serious problem. It’s ridiculous and inaccurate to list PragerU as part of an article about the “alt-right,” a group generally characterized by nationalist and white supremacist ideals.

PragerU, which makes educational videos on conservative topics, is suing Google and YouTube for arbitrarily censoring and demonetizing its videos on U.S. history; Christians who are persecuted worldwide; American leadership; and other topics.

Looking for the petition discussed in this podcast? Follow this link.

This article provided courtesy of TheBlaze.

GLENN: There's an incredible story that was in USA Today.

Alt-right escalates war against Silicon Valley. Pledges to expose bias against conservatives. The alt-right. If you read this story, it talks -- you know, it talks about Nazi groups. It talks about the Klan. It talks about the website. The Daily Stormer. Which is a Nazi website.

And then, lumped in along with everything else, is Prager University.

Now, I don't know about you, but I think there's a difference between Dennis Prager and Hitler. One of them might be the whole Jewish thing.

The other might be that one is driven by facts. Prager University, if you have not seen a Prager U video, this is something that you need to turn your kids onto. You need to share them. You need to support them in any way you possibly can.

Prager University is -- is not a flash point. They are facts and fact-driven.

It's why you never see them taken apart. You don't see a, you know, Prager University facts are wrong, website. Because they're fact-driven. And not emotionally driven.

They are being painted as the alt-right. That just shows that the media has absolutely no idea what the alt-right is, or worse yet, they do, and they don't care.

We have the CEO of PragerU on with us. You've been on before. Melissa (sic), how are you?

MARISSA: Wonderful, thank you for having me on.

GLENN: So, you know, how are things at the office when you read about you and the alt-right and the Nazis all being, you know --

MARISSA: You know, I wish it was laughable because it's almost laughable. But, you know, a few things I know you know about me. First of all, I'm a Jew. Dennis Prager is a Jew.

GLENN: Whoa, when did the Nazi party start to let Jews in?

MARISSA: I mean, we couldn't be further away from the alt-right. Basically, nothing that we believe in, the alternative right, which is basically the alternative to the right, the alternative to conservatism, has more in common with the left than with conservatives. We actually have a video on that, by Mike Knowles.

But this is -- this is a typical tactic of the left. They conflate any of the bad guys with conservatives. And try to make consumers and the audience assume that because we are the bad guys, it's okay to take us down.

As you know, Prager University's videos are completely fact-based. To claim that we have in common with the right is a typical tactic to try to undermine our efforts and our lawsuit against YouTube.

GLENN: So, Marissa, you and I have talked about this privately and on the air before. There is a concerted effort by, I believe, the big four, Facebook, Apple, Google, what's the -- what's the last one? I'm trying to think. The big four.

Anyway, there is a -- there is an effort to silence the voices of anyone on the right.

I mean, what Facebook is doing now with, you know, hey, tell us what news sources you think are credible. That's going to put places like Breitbart, TheBlaze, Daily Wire. It could put us out of business. And they know it. And they know it.

How do we survive in this world where -- where Google and Facebook can control so many eyeballs and are -- and are using these kinds of tactics to ban people who are really trying to be reasonable like PragerU.

MARISSA: You know, Glenn, I can't tell you how much I appreciate that you get this. Because this is so dangerous. As somebody who works with millennials and runs an organization that specifically is geared toward speaking and educating millennials, this is very, very dangerous. This is exactly why we've taken on this lawsuit, because the public needs to be aware of the fact that these big fours, as you're saying, have an ideological bent. They have an ideological bias.

And they're not afraid to do whatever it takes to take conservatives down. And that includes lying about who their -- their content creators are.

And, I mean, they hide information from us. This past week, we had another issue with Twitter. It's -- it's pretty unbelievable what's happening out there. I'm not sure what can be done. But the public needs to be aware of the fact that they are in control of the biggest communication platforms in the world. And if we don't do something about it, it's going to get real bad, real soon.

GLENN: Well, it's really disturbing. You know, people don't know this. But Facebook runs an algorithm. Not only are they now saying that we're going to choose which news sites are credible and which ones aren't, and we're not going to spread ones that we think are not credible, I can guarantee you, there's nothing on the right that is going to be deemed credible to Facebook.

Not only are they doing that, and that hasn't even started yet, that is coming very, very soon. They are also changing their algorithm, which is, you know, their right to do. Et cetera, et cetera.

But I will tell you that not my website, thank God, but one of the conservative websites went from their largest day ever and their largest quarter, just keep growing and growing and growing -- in one day, they lost 90 percent of their traffic. Because Facebook targeted the algorithm differently. There's no way media companies, especially on the right, that, you know, are not getting big funding, there's no way to survive.

MARISSA: For social media platforms to claim that the reason that some of the conservative platforms are not getting as many views is because of some sort of algorithm, is -- is ridiculous. Because at the end of the day, who is writing the algorithms? You can't just say, well, it's the algorithm's fault. A human being is behind writing the algorithm. And that's the main issue.

GLENN: I agree. I agree.

MARISSA: They are writing algorithms that are suppressing our information. We see this -- I mean, YouTube has admitted to us. In writing, they've sent us an email saying, we review your content, and we deem your content inappropriate for a young audience. So they make us look like we're some evil bad guys. And because of that, they can block our -- our content and our information, which is exactly what was done in this USA Today. Whoever reported on this, is totally irresponsible, to conflate PragerU with the alt-right is basically irresponsible reporting.

GLENN: And, you know, I have to tell you, the Young Turks, one of the most irresponsible group of people I have ever seen, they got a 20-million-dollar funding from people including Jeffrey Katzenberg.

And I can also guarantee you that their YouTube channel is never going to receive anything. They'll always be spread by YouTube. They'll always be spread by Google. And they are indeed radicals.

I mean, just look up the definition and the history of the Young Turks. And you kind of know where they're coming from. And yet, Dan Rather joined them because they've been normalized.

MARISSA: It's interesting you bring up Young Turks because they have done video responses to some of our videos. And, you know, they get millions of views on -- on the videos that they create. And YouTube has no issue with that. But when PragerU creates videos on opposing views, you know, our videos end up getting demonetized and restricted.

GLENN: And, you know what, I have no problem -- if the Young Turks wants to present an opposing opinion to PragerU, more power to them. But it should be on an even playing field, and we should not be having this nonsense back and forth, algorithms, and people that we know through the words of Media Matters themselves, that they are inside of YouTube and Google and all of the big four, trying to help them understand what radicalism is on the right. They have absolutely no idea. And by -- by coming after people like PragerU, you are only making the alt-right much stronger. Do you agree with that?

MARISSA: First of all, I agree with it. And secondly, the alt-right is actually not as big as they claim it to be. But they create this hysteria around the alt-right. And then they conflate conservatives, conservative Christians with the alt-right in order to make us look like -- again, like the bad guys. In order to justify their efforts to undermined our efforts. I mean, if you think about it, the alt-right has more -- again, they have more in common with the left. They are obsessed with race and identity politics. They reject Christianity. Many of them are actually atheists who reject God. They have a disdain for the individual. They're obsessed with group identity, as anti-American as a concept as it gets. They have more in common with the left. But they try to make conservatives look like they're the same thing as the alt-right. And it's all under one specific agenda, which is to undermine those who have opposing views to theirs. And they'll do whatever it takes. Anything from lying, you know, making up facts that are obviously, you know, lies.

I don't know where it's going to end. This is why we need the public to help us. This is why we're suing YouTube. We have a petition. I invite, you know, your audience. Many of your -- I know that many of the people who listen to you have already signed our petition. But there needs to be a public outcry over this.

GLENN: I cannot urge you strongly enough to get involved.

I mean, PragerU is taking on not YouTube. Google. You don't take on Google with, you know, your hat in your hand.

We must band together. This may be one of the more important lawsuits that are fought in our lifetime. Because your voice is going to be silenced. There is no ifs, ands, or buts. When Prager University is deemed as radical and something that YouTube really needs to watch over and this he need to make sure they keep it away from kids, we have real issues.

When they -- when the press starts to compare PragerU with Nazis, we have real issues. And you will lose your voice. And it's happening right now.

Where can you go to sign the petition and help?

MARISSA: So if you go to our home page, PragerU.com -- P-R-A-G-E-R-U.com -- you'll find an icon. Just click on it. All we're asking for is that you put your email in. We want to show Google and YouTube that there are people out there who are upset about what's happening. And you can help us in whatever way you can. We just want to make the public aware and put some pressure on Google to change their ways.

GLENN: Marissa, thank you so much, God bless.

MARISSA: Thank you. God bless you. Bye.

GLENN: My best to Dennis.

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.