Glenn talks with Dr. Alveda King


Books by Dr. Alveda King



Who We Are In Christ Jesus


 



Sons of Thunder: The King Family Legacy


 

How Can the Dream Survive If We Murder the Children?

 

GLENN: Alveda King is with us. Doctor, how are you?

ALVEDA KING: I'm just wonderful. I was listening to everything you said, and everything happens for a reason. Why are we here now? I was just really listening, Glenn.

GLENN: Why are we here now?

ALVEDA KING: Wow.

GLENN: Why are we? I mean

ALVEDA KING: Well, we're here to reclaim America.

GLENN: No, no, no, I mean no, no

ALVEDA KING: And it doesn't belong to us. It belongs to the people. We the people, all of us. And so we've got to come together to do it, Glenn. You know we do.

GLENN: Alveda, I want to start on something personal before we get into what are you expecting tomorrow and what advice do you have. But if you don't mind if I could get a little personal. Your father died. Everybody talks about Martin Luther King, but Martin's Martin's brother, your father, also died. Can you tell us a little bit about him?

ALVEDA KING: Well, Dad they looked remarkably alike. Dad was the younger. There's three, Chris King who's still living, Martin and then my dad, A. D. And so my dad was a little taller after my uncle after they grew up and he was like a protector. So you would always see him kind of in the background like a shadow watching over his brother. My mother said that when my Uncle Martin was killed, I was in Louisville, Kentucky. Dad was preaching at a church there. They had actually bombed his church office there that year. And when he died, my daddy rushed away. I was getting ready to go to the because I was in the ROTC and we had a ball and stuff. Daddy rushed away. So my mother said after my uncle was killed, my daddy cried every night, and he was very grieved, forever grieved at the loss of his brother. Because Dad and Uncle Martin shared the same room. When they were little boys, they shared the same bed because their Uncle Joel lived there to go to college. So they were really, really, really close. I can't emphasize how much. Kind of like the Kennedy brothers if you think about that.

GLENN: Yeah.

ALVEDA KING: And so what they would say, we killed Martin Luther King, there's another one who looks like him, sounds like him, we ought to get rid of him, too. Yeah.

GLENN: How does it, how does it when you, when you approach this weekend and now you are standing down a couple of flights with me but standing in the same basic area and such an enormous gathering possibly, what goes through your head? I just shared the audience, what your daughter said before you left: Mom, come home.

ALVEDA KING: Yeah.

GLENN: What's going through your head?

ALVEDA KING: Well, when I think about my children, I used to look at Daddy and Uncle Martin on TV and be at home with Daddy King, Sr. and Momma King sometimes and we would be watching the television and we would always say, yeah, we want them to come home. And they did for a long time and then one day they didn't. But as we stand there, Glenn, and this is important, and I hope everybody understands that you are not trying to be Martin Luther King, I'm not trying to be Martin Luther King. You're Glenn, I'm Alveda. And whoever speaks today, tomorrow, we're all ourselves. So that's very important. And I think I'm really happy we're not standing on the same steps. I'm glad we're a few steps down.

GLENN: Oh, yeah. I don't think I would have. I think if they would have allowed us to nobody can speak up there now.

ALVEDA KING: Okay, I'm glad.

GLENN: But I think if they would have allowed us to, I don't think I would have accepted that. I don't that just sends the wrong message.

ALVEDA KING: It does, and I'm glad. And so what I'm thinking about is all the people who are coming, you've been meditating on faith, on hope, on charity, on honor, honoring God first, loving our neighbors as ourselves and honoring the military giants to me who, they are not even trying to be heroes. They just want to go out and serve. And so as we honor servants, I'm remembering that my uncle said don't say that I wrote books, don't say that I got awards and made all these speeches. Just tell people I want it to serve, I want it to help someone.

GLENN: That is a difference, isn't it, Alveda?

ALVEDA KING: Well, that's what I'm thinking about, serving others, that's what I'm thinking about.

GLENN: Can you one piece of advice that you would have to give to people who are going to attend, what would the piece of advice be?

ALVEDA KING: Somebody called me, I don't know if it was yesterday or today, and they said put on the full armor and that's the helmet of salvation, sword of the spirit, breastplate of righteousness, girdle of truth, sandals of the gospel of peace and the shield of faith. And then hold up the blood stained banner of Jesus, and that banner, his banner over us is love. So, you know, you were saying before, it's not about hating people, it's not about being angry, let's try to communicate, let's try to be one. You know, it's not about who goes to which rally or which march today. It's about unifying ourselves in love, honoring each other. And that's the main point. So come expecting to honor, to love. To serve. That's what I want people to do.

GLENN: Alveda, I can't thank you enough for not ever judging me and not, not making me feel uncomfortable that I have been an ignorant American on so much history but just being so kind and teaching me and allowing me to allowing me to even just learn from you. I can't thank you enough and I can't thank you for standing where you are going to stand tomorrow. I know you are under ungodly pressure now for what you are doing, and I'm sorry for that, Alveda.

ALVEDA KING: That's okay because it comes with the territory. Did your mommy ever tell you, if you can't stand the heat, get out of the kitchen.

GLENN: Well, you are a King. I know you can stand the heat.

ALVEDA KING: It's what I do and I feel the same way. I'm very honored to know you, to see you in your growth. I told somebody the other day that you are enlarging your tent. And I just pray that the Lord will enlarge your territory. I really do.

GLENN: God bless you.

ALVEDA KING: And you know what, Glenn, when I see you, it's not about a red state or a blue state.

GLENN: I know.

ALVEDA KING: Or pink skin or fair skin or ebony skin or whatever.

GLENN: It's about character.

ALVEDA KING: It's about the character!

GLENN: Alveda King, the name of the book's How the Dream Can Survive If We Murder the Children and Who we are in Christ, available everywhere.

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.