Glenn Beck: Franken trying to steal election


In 2004 while being bored and delayed waiting at an airport in Iowa, Glenn sees the self important Al Franken telling the people at the airline counter why HE (Franken) needs special treatment since he's Al Franken... Glenn took this opportunity to get his picture taken with Al.

Glenn: Stu, can you give me -- can you give me a rundown on -- somebody ransom numbers and said for this thing to come into line with Al Franken, Al Franken needed to come up with a certain number of votes. It could only be this distance apart. Can you explain this real quick?

Stu: Yeah. Basically there's 34,916 unrecorded votes for the Senate race in Minnesota and basically they, you know -- one of these stat guys we've talked about, 538.com is a guy who is a big statistician and he went through and looked at Florida and there's so much detail ton that race, you could tell how many people voted for just presidents, skipped a race or how many people typically voted in two things or one or whatever and they actually lowered this now to how many votes they think all these votes will go and it's going to favor Franken because they're mostly democratic circles. They now believe it will know about 206 votes to Al Franken.

Glenn: Okay. So, now, how many -- on the night of the election, it was 725 votes between norm Coleman and Al Franken. Wednesday it had shrunk to 277. Thursday it was down to 236, Friday, 239. By the way, the new number is exactly 206. We go to -- is he on the phone? Do we have John Lott on the phone net? No. We apparently lost him.

Okay. John Lott is a guy who is a number crunch err and he's a guy who's been looking at this. You will not believe what is happening now in Minnesota. In Minnesota now they are finding votes in people's cars. How are they finding votes in people's cars? Why should we count the ones that were sitting in a car? Correcting typos, they found 435 votes to Al Franken and they took 69 votes from Coleman. They're not finding any in favor of Coleman, just the other way around and it just becomes more and more odd. John Lott, welcome to the program. John, they have found an awful lot of votes for Al Franken.

Lott: Yeah. I know. It's been pretty amazing. I mean, just from a statistical point of view, what's the probability that this would happen. If you compare the U.S. Senate race there to either the presidential race in Minnesota or all the congressional races or all the state representative races in the entire state there, you have more total changes that have occurred in the U.S. Senate race than the sum of all the other races there that have been there in the state.

Glenn: So, more people made a mistake than to have us believe?

Lott: Right. That's correct in these typos, that's correct.

Glenn: The mistake was always for Al Franken or against him when they corrected it, that went for more than all the other errors in every other category in the entire state in every race?

Lott: That's right.

Glenn: Yeah.

Lott: In particular, I mean, there were three precincts in particular that accounted for almost all of the errors in favor of Franken. I mean, you had a number of precincts, about 40 or so, that had some errors in it, but there were three in particular, one that was just a little bit north of Deluth that accounted for almost half of the errors in favor of Franken, but there were two other counties that -- or two other precincts that accounted for about 100 each.

Glenn: Yeah, but we're looking at -- those are three precincts. There can't be a lot of precincts. If almost all of them are coming from these three precincts, I mean, what are there, six precincts?

Lott: That's 4130 precincts in the state.

Glenn: Wow. That's odd, huh? You would think if there was some sort of a problem, it would have been kind of widespread.

Lott: Right. Well, I mean, just -- the one precinct that gave Franken half the votes that he's picked up, you had more errors in that one precinct than in the entire state for the presidential race or the entire state for all the congressional races or the entire state for all the state representative I was 0 races.

Glenn: Well the Minnesota Star Tribune says the mistakes in that one particular precinct was because the county officials were exhausted. So, there must have been mistakes in all of the races, not just the Senate race there in that one precinct.

Lott: Well, I can tell a little bit of facetiousness in your question, the way you ask it. It was the only race that they had a mistake. None of the other races in that precincts did they have a mistake in how it was entered.

Glenn: Were they only sleepy while punching in votes for Al Franken and wide awake on every other race?

Lott: I don't know. I mean, you would have to -- it seems a little hard to believe. I'm just saying that if you look at this across the state, it's just surprising that you see these errors being so large in these few precincts that are just overwhelming -- even all the -- sum of the errors across the entire rest of the state and why would it only occur in the one race where it was cross and not just the type of errors in every race where it wasn't close is the real hard thing to figure out.

Glenn: By the way, John Lott is the author of Freedomonics and a senior research scientist at the University of Maryland. Tell me a little bit about the acorn influence here.

Lott: Well, acorn obviously across the country has been involved in registering a lot of individuals. The question is how many times they've registered a number of those people and in Minnesota there were 43,000 registrations that were entered in. That's about 75 percent of all the new voters in Minnesota over the last two years. And they've accounted -- they had a big impact here, particularly when you're talking about a race where right now you're talking about a couple hundred votes that may be separating the two candidates, even a small amount of fraud there, and Minnesota doesn't have this -- even has kind of the most minimal rules in terms of ID requirements. One can go and the first time that you vote, you can go and show a utility bill, for example, which are very easy to forge. All you have to do is have paper that looks like, you know, from the utility company and have a computer and a printer and it's easy enough to make up an ID.

Glenn created "The Senate Fails to Condemn INFANTICIDE" in response to the Senate not passing Nebraska Senator Ben Sasses' bill banning infanticide early this year. In an effort to help support pro-life charities, Glenn first posted this for sale on eBay before being banned multiple times before we finally had enough and put it up for sale on bidpal.net.

At the time of this post, the bid was up to $4,700 — but we can do better than that. Please help us raise money for a good cause, you don't even have to display it anywhere in your home, you can just keep it in storage or something! If you want this priceless piece created by one of the most influential people in the world of art, place your bids here.

Can you remember the economic crisis of 2008 and how you felt when the news broke that Lehman Brothers had collapsed? I have found an economic threat that everyone needs to be aware of, so you can prepare yourself in case we see another 2008 type collapse. I am going to present the evidence to you and I urge you to verify everything and to form your own opinion.

What is that threat?

It is a bank called Deutsche Bank. They are by far the most dominant bank in Germany which is the world's fourth-largest economy. In 2018 they had €2.08 Trillion worth of assets and the second-placed bank (DZ Bank) had €506 Billion worth of assets. To show you how dominant this bank is, they have more assets than the 2nd, 3rd, 4th, 5th and 6th sized banks combined.
When we review a business there are three key parts to analysis:

  • Market sentiment
  • Business numbers
  • Technical Analysis

Market Sentiment

Deutsche Bank has a long history of potential scandals including going all the way back to World War 2 and dealing in Nazi gold. Below are five recent stories which have increased the negative sentiment around Deutsche Bank.

  1. In 2007, they purchased a portfolio of loans worth $7.8 billion and purchased insurance from Warren Buffets Company. It was discovered they did not set aside enough capital to cover any potential losses. Over the course of the ten years, they lost $1.6 billion, and when they sold the loan they did not update their financial statements to include the big loss
  2. The Panama Papers are an ongoing investigation looking for many things including offshore tax havens. These investigations have resulted in several heads of state resigning including in Iceland and Pakistan. Last November, 170 police raided 6 different offices in Frankfurt looking for evidence of money laundering.
  3. Estonia is a small country in Eastern Europe. It has a population of 1.3 million people and a GDP of €26 billion. In January, it was discovered Deutsche Bank got involved with a Danish bank called Danke Bank and processed over $230 billion worth of cross country payments (including from Soviet Russia) through one bank in Estonia.
  4. There have been rumors of issues with Deutsche for a while now and one of the solutions put forth was a merger with a bank called CommerzBank. The leaders of both companies met and they even got support from politicians. In April, news broke that the merger talks had failed because over worries the risks and costs would be too great.
  5. Last week in France, Investment banking boss Garth Ritchie and others were arrested in France over illicit tax transactions.

Business Numbers

Deutsche Bank is already struggling as they are losing staff, losing market share, and bonuses are expected to be down at least 10% and further rounds of cost-cutting to come. Now imagine the impact if business costs start going up.

The banking industry works in a very simple way. They raise funds through large bonds at low-interest rates and then sell those funds to business and individuals thru products like loans and credit cards at a higher interest rate which results in a potential profit.

Earlier this year, Deutsche Bank tried raising money through several bonds. They paid 180bp (basis points) on a two-year bond and 230bp on a seven-year bond. Let me put this in context for you. There is a small bank in Spain called Caixabank which paid 225bp on a five-year bond and one of the larger banks in Spain, BBVA paid 130bp on a five-year bond.

  • How and why is a small bank in Spain getting a better deal on bonds than a huge bank in Germany?
  • Why is a large bank in Spain getting a bond 100bp cheaper than a German bank?
  • What does the market know that we do not?

Stock Price

Deutsche is also missing revenue projections which further hurt the business ability to survive and prosper. As you can imagine all of this news has a deep and lasting impact on its stock price which is in deep trouble. Before I share the stock price, I need to put this into the context of the market and the industry compared to the big economic crash of 2008. Below you will see a chart of some banking stocks from around the world with their peak price prior to the 2008 crash, the low of the 2008 recession and the price today:

As you can see from the above chart the banks in America have recovered from the 2008 recession by anywhere up 375% and JP Morgan has not only recovered its price in full but is constantly setting new high's. Ireland went bankrupt and had to be bailed out by the EU/IMF following the 2008 crash and even our national bank has more than doubled its price since 2008. The worst performing bank I could find was Societe Generale which has issues but is still hovering around its 2008 low price levels.

Now let's put that into the context of Deutsche Bank. Not only has the stock not rebounded but it is over 65% below its 2008 low at $6.75.

Technical Analysis

When you are dealing with the stock market, you also have people who study pricing through technical analysis. Experts look at things like FIB sequences, trend lines, and support levels. Support levels are a key metric for a stock failing because are looking to find where it will find support and potentially bounce higher.

We are very close to a key support level ($6.40) and if the price goes below this level, there is no saying exactly how low the price could go. At least one company expects Deutsche to fall below this support level, as several weeks ago UBS downgraded the stock to a sell order. This news was compounded last Friday when rating agency Fitch, downgraded their credit rating to BBB or two levels above JUNK status.

Other Information

I know you are likely reading this and thinking "this bank must have smart people in charge and surely they have a plan, right?" I am sure there is a plan and while they have kept their cards close to their chest, they have spoken in the past about the areas they foresee having growth for the company – they include business in Saudi Arabia, UAE, and Egypt. Do they strike you as countries which are stable and will offer steady and reliable growth? Do you have to think really hard to imagine how this could go potentially very wrong?

Questions

I believe there is at least a solid case Deutsche is in a LOT of trouble. So what are possible scenarios for the future? I will lay out the key questions below but I must stress that it's impossible to say for sure what exactly will happen. One of the key numbers to remember here is they have roughly €50 billion worth of derivatives.

  • How likely is it that the bank can turn things around and survive?
  • How likely is it the bank continues to run into trouble, its stock price fails and eventually fails?
  • If you think it is likely it will fail, the question becomes what will the fallout be? Who will be affected?
  • Will they be bailed out?
  • If so, by whom? The German government, ECB, IMF, the Federal Reserve?
  • What will the German government think? Some members recently spoke out saying they would block public money for the proposed merger? Will they block funds if it failed?
  • Will other banks be exposed and affected? Will they have to take losses?
  • Will those losses be spread around or will one or more bank be mainly affect?
  • Will this affect the sentiment of the banking sector and cause a panic?
  • If there are issues and it starts affecting the stock prices, what will be the impact on other industries?

Last Question

The last question revolves solely around the banks and the regulators? How secure are the other banks? We all hear about how banks are now put through "stress tests" but how much trust do you put in those results? How much trust do you have in the regulators?

I know this may make me sound like a conspiracy theorist to some but it's an honest question. The Fed is on public record saying they want to keep this economy strong as long as possible. If a bank did not perform strongly in a stress test or even barely failed one, do you think they would report it?

Can you imagine the pressure that body would come under to stay silent? Can you imagine the rhetoric they would face with questions like, "Are you really going to fail one bank? Do you know how many people will lose their jobs if you do that?" Am I saying this is happening? No, but can you really rule it out 100% as a possibility?

I urge you to ponder on these questions, do your own research and find YOUR answers.

Update: The most freaquently asked question I have received from this column / show is how much time do we have to prepare. This is an impossible question to answer, as it could fail tomorrow, next week or might be next year. However I want to provide you a potential date for your diary – July 24th. That is when Deutsche will release their next earnings report and if it comes in below expectations, it could cause a further drop in price casting more doubt over the future viability of the bank.

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Survey: Where do you stand on these conspiracy theories?

Thought Catalog / Unsplash

Have you seen this survey on the most-believed conspiracy theories in America?

It's no surprise the survey has been getting so much attention. The results are actually a pretty disturbing.

Infographic: Belief in Conspiracy Theories in the United States | Statista

I decided to put together a quick survey of my own, with slightly different wording.

Up-vote the ones you agree with and down-vote the ones you disagree with.

I believe Lee Harvey Oswald killed JFK alone. However, I would not be surprised to find out the government sealed evidence that others were involved.

If by "deep state" you mean long-time Washington power brokers who are used to calling the shots and now feel threatened by Donald Trump not listening to their advice or council — yes, I do believe that many people like that are working against him and his administration.

Whether alien bodies are in Area 51 or not, I do believe the government knows more about UFOs than they have told us.

I do not believe the U.S. government was involved in 9/11, but as we know, NSA advisor Sandy Berger was caught destroying documents from the national archives related to both Bush and Clinton. All U.S. administrations have been to close to the Saudis, and the Saudis were involved in 9/11 at some level.

I believe the climate is always changing — it's natural. I would be willing to accept that man MAY play a role in this. But I do not believe in the solutions currently being discussed, nor do I believe the intention of most political activists are pure.

Any talk of the Illuminati provides the true dangers to man's freedom — like very powerful NGOS and men like George Soros — a perfect cover.

The U.S. government has done some horrible experiments on people and land — I also suspect they will do more things in the future. But I do not believe in the systematic spraying of chemicals using chemtrails.

The moon landing was real, but I see a time coming when people will not be able to trust their eyes due to deep fakes.

What do you think?

Let me know in the comments section below.