Glenn Beck: Typical white people


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GLENN: Can you imagine, can you imagine if John McCain were going to a church where his old friend who was 80 years old -- and this isn't even the case with Jeremiah Wright -- was 80 years old and he was still preaching this stuff and he was saying, you know, blacks are the problem and we've just got to get around the black problem and John McCain would go for 20 years. And first John McCain said, this is no big deal; I didn't hear those things. And then he later said, okay, I did hear them but, you know, I don't agree with them. And then he said, well, I didn't hear all the really bad things and if I would have heard those really bad things, I would have said something, I would have had a more harsh conversation with him. Can you imagine John McCain saying that?

GRAY: No.

GLENN: There's no way he could have. There wouldn't even have interviewed him for the second part.

GRAY: And then let's say -- I don't think McCain what is black heritage but what if he said something to a friend that was disparaging about white people and then he says, well, just talking about a typical black person, that's all I was doing, my friends. That was nothing racially derogatory. I was just using him as an example of the typical black person.

GLENN: Not even getting into the, been bred to fear white people.

GRAY: Oh, he would be done -- I think first of all he would be done as a legitimate candidate.

GLENN: Of course. You think he would have?

GRAY: He would be -- they would demand he resign from the Senate.

GLENN: Exactly right.

GRAY: Yeah.

GLENN: The Republicans would replace him with a Pez dispenser.

GRAY: They would.

GLENN: They would. If they had to, they would go, the only guy we've got left is a Pez dispenser. Put it in the seat! Put it in the seat! We're running the Donald Duck Pez dispenser, Donald for President. And you know what? In today's America I would have voted for that one.

GRAY: Yeah, might not be a bad thing.

GLENN: I would have had an easier time voting for the Donald Duck Pez dispenser than John McCain! You can do that now without any racist stuff. I vote for Don the Pez! Hey, that kind of sounds Italian, doesn't it? Don the Pez. Hey, Don the Pez. Let's just say, let's make up a candidate. Let's make him Don the Pez for President! I'm voting for him!

GRAY: I bet if you ran that campaign you could get 50,000, 100,000 votes, maybe a million.

GLENN: Are you kidding me? Don the Pez is going to put candy in everybody's belly. Don the Pez is actually made of something sweet. You can eat Don the Pez. I like it.

GRAY: He will not tax you.

GLENN: Love that.

GRAY: He will not vote against the border fence. He will not increase your gas tax. I like it. I like it. And at the end of the Senate session, you eat him. It's brilliant. It's brilliant.

GLENN: He's got a black friend, Mickey Mouse! He's black -- well, he's almost black.

GRAY: Sort of. Kind of Oreo.

GLENN: No, the only thing that's black about him is his face. Are you kidding me? Never noticed that. Hmmm.

GRAY: We try to be killer blind on those types of things.

GLENN: Do you? On your mice?

GRAY: Yeah.

GLENN: Unbelievable. Unbelievable. Thanks, Pat.

GRAY: All right.

GLENN: Hey, wait a minute, wait a minute, wait a minute.

GRAY: What?

GLENN: Do you have a politician do you know in the Texas area that's not sleeping with prostitutes, doing cocaine, smoking dope, embezzling money, having an affair with his wife or, or making up stories wholesale? Do you have one down there?

GRAY: Let me think. Maybe Ted Poe.

GLENN: Really?

GRAY: Maybe. I don't --

GLENN: Do me a favor. Check in, run the plates on Ted's car.

GRAY: All right, I will.

GLENN: Okay?

GRAY: All right.

GLENN: See what comes up because he's got to be -- I don't think there's a politician left that's not doing something like that.

GRAY: There may be one but I can't say it with certainty.

GLENN: Now, they're going after the mayor of Detroit and he's going to hang on. He says he's not going to give in. But what I'm confused on is I thought that you were only charged with perjury when it mattered, that it didn't -- I mean, he was only lying about sex. And that doesn't --

GRAY: That's his personal life, right?

GLENN: Yeah, it is his personal life. He was having sex in his personal life.

GRAY: It's a witch-hunt. It's another one of these witch-hunts.

GLENN: The vast right wing conspiracies. All right. Thanks. Bye-bye.

STU: This is the way -- I can just see how you and your friend and everyone, you guys are just typical white guys. You don't understand.

GLENN: I'm making a T-shirt. I'm going to make a T-shirt and we're going to have a black box warning on it. Just typical white guy or typical white person. And then it should have a warning label on the black -- on the back. You know, black box kind of warning, you know, like they put on prescription drugs?

STU: Right. And what does it say?

GLENN: I don't know yet but it should have a warning on it that I could at any time experience these side effects, just whiteness can cause these side effects.

STU: I like that. I wouldn't wear it in a million years but I like it.

GLENN: Run the Air Supply again, would you? This music does make you feel better, doesn't it?

STU: It soothes, it soothes the white savage beast.

GLENN: Yeah. Which is like, "I'm going to get so upset with you in a second."

STU: This is actually, we should do an experiment. I've set up a little experiment. You've got you, Dan, as well as you, Glenn.

GLENN: Dan?

DAN: Hi.

GLENN: The experiment?

DAN: Sure.

STU: You guys are both typical white people. You feel good right now, don't you?

GLENN: Sure.

STU: Feeling soothed? Nothing big going on. Are you guys fans of horror movies like --

GLENN: Well, not really. The Ring really freaked me out.

STU: It's just something that -- now, actually I have, Dan, set up on the other computer there, if you can just hit the other computer.

DAN: This one over here?

STU: Bring down the Air Supply a little bit. I just want you guys to --.

(Music playing)

GLENN: Oh, wait a minute, hang on, guys, hang on, guys. I'm so freaked out.

DAN: Stu, you've got to give me a warning. Air Supply quick, quick, quick.

(Music playing).

GLENN: Oh, Dan, did, like, your life flash in front of you all of a sudden? I thought we were in danger.

DAN: My heart skipped about six beats.

STU: That's what I was saying, they have these movies out there, horror movies and that's the effect they are supposed to give you, that fear that at any time something could happen. Watch. Hit that other computer again. It's not the same thing. It's something different.

(Music plays).

STU: Calm down. Calm down. Air Supply. Air Supply.

GLENN: All right, please.

STU: Now, I knew it was coming. So I'm not quite as scared. Are you okay? This actually --

GLENN: I can't, I can't do it anymore.

DAN: Glenn's under stress tests and everything.

GLENN: I'm under pressure. Do you know what happened today? Do you know what happened?

STU: What?

GLENN: I got out of the car today and Donovan, who is the doorman here at Radio City, Donovan was standing just out in the street without a sign on him or no warning whatsoever.

DAN: And you didn't have a --

GLENN: Black man at the door. And then what was worse, he came up with me. We went up the elevator, we talk. He's talked to me and I'm like, (screaming).

DAN: He followed you.

STU: Think of the Air Supply.

GLENN: Okay, okay.

STU: He's all out of love.

GLENN: Donovan isn't around, is he?

DAN: I mean, you didn't even have your iPod on or anything to be able to play the music to offset the horror.

STU: Yeah. Dan, put some other Air Supply on your computer there, Air Supply.

DAN: We cleared out everything, right?

GLENN: I need some Xanax, Sarah, if you can just get the doctor to call in --.

(Music playing).

GLENN: (Screaming).

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.