Palin v. Glenn?



Going Rogue: An American Life


by Sarah Palin


GLENN: From high above Times Square in Midtown Manhattan, this is the third most listened to show in all of America. I can't believe I have to put her on. She's going to take my 5:00 time slot. I just know it. Okay, pretend I didn't say that. Sarah Palin, are you there?

SARAH PALIN: Hey, Glenn, how are you?

GLENN: Well, I'd be good if you weren't going to steal my 5:00 time slot.

SARAH PALIN: Oh, darn, the cat's out of the bag. You found out my ploy, yeah.

GLENN: Can you believe. You know, I sent you a message yesterday that this was on the front page of AOL yesterday that I was all upset that you were going to steal my 5:00 time slot. Well, first of all, are you?

SARAH PALIN: That wasn't in the plan.

GLENN: I knew it! Today it is, oh, that was of course that was ridiculous. Beck is going to steal the 8:00 time slot with Bill O'Reilly. Yes, now they

SARAH PALIN: We'll pull a Leno/O'Brien with all that stuff going on, yeah. No.

GLENN: You are back in Alaska?

SARAH PALIN: I am in Alaska this morning, yes.

GLENN: Have you seen a polar bear, tracked a polar bear, killed a wolf, anything like that in the last 24 hours?

SARAH PALIN: Haven't killed anything. Seen a few moose cross the road in front of me, though.

GLENN: Okay. I mean, I guess that counts, doesn't that? That counts. Sarah, I wanted to get you on the phone and I wanted to talk to you about a couple of things. First of all, what do you think of Scott Brown winning? What do you think the message was?

SARAH PALIN: I think the message was people in Massachusetts, really representing the rest of the nation, up in arms and anti-leftist sentiment that they expressed via that Massachusetts vote. It's very, very good. I think Michelle Malkin hit the nail on the head, though, in writing recently that nobody better become complacent and cocky about this victory of Brown's because Obama I think is going to be more geared up than ever to ram some things down our throat because I believe that the left now understands that they could have some limited time to usher in their agenda. So we need to be very wary, very aware of the lip service that we're going to receive from the White House and be ever vigilant in keeping track of what they're doing and holding them accountable.

GLENN: Have you had a chance to watch the show the last couple of days?

SARAH PALIN: I sure have.

GLENN: Okay.

SARAH PALIN: Pretty amazing.

GLENN: Yesterday the opening 20 minutes, I mean, I think I make a pretty good compelling case but I'm getting all kinds of heat for it that I think the president is in danger from the left because the left is the only one with the real history of violence. And I think this guy, I think he's trapped. I don't think he can go moderate because he has surrounded himself with extraordinarily dangerous people that actually do believe that power comes from the barrel of a gun. And if they they believe he is going to usher in the, you know, the Venezuelan Democratic revolution here in America. And if he is seen as not doing that, I think he's in big, big trouble from the left.

SARAH PALIN: Well, I think he did put himself in a box. And I think you are right, that moderation will be absent from his administration because he does have selected around him those so far out on that leftist fringe as to be out of touch with what Americans expect from their government. So putting himself in that box, he is not going to be able, I believe he's moved towards more of that center. Otherwise he moves his entire base. He, of course, doesn't have the independent and rightist base right now. He's going to lose a leftist, too. I think you hit the nail on head there.

GLENN: Hang on. Sarah, I want to introduce you to my best friend Pat Gray who is also on the show, and he's got audio from Barack Obama last night.

PAT: Sarah, last night the president said that it was the fact that he had lost direct contact with the American people that was the problem. They didn't see him enough last night. Here's part of what he said.

PRESIDENT OBAMA: And, you know, if there's one, one thing that I regret this year is that we were so busy just getting stuff done and dealing with the immediate crises that were in front of us that I think we lost some of that sense of, you know, speaking directly to the American people about what their core values are. And I think that, you know, the thing I'm seeing is remoteness and attachment and I think that I can do a better job at that and partly because I believe that.

GLENN: We need the Obama channel.

PAT: I mean, there is one. Do you believe there's any other place, venue, media where he could possibly show up any more than he already has?

SARAH PALIN: I think we're kind of saturated with that communication from the White House. So his thinking on this is, okay, no policy shift, no changes there in what he's doing to America but instead they will communicate more to us more about what it is that they are doing. That's not the answer. Go back again to the Scott Brown race. Coakley was the epitome of an Obama candidate, quite arrogant, quite disconnected from the electorate in a very, very blue state and yet Massachusetts said, no, we want transparency, accountability, we want a true representative form of government. And we see this in this candidate, Scott Brown, we're going to elect him. For Obama to be in denial of what took place two days ago is very baffling, it's confusing to a lot of Americans who were saying, wait a minute, you are smarter than this Obama, surely he sees what truly is going on.

GLENN: Sarah, when you were you became governor, I mean, one of the things I have really admired in you and I think that nobody pays attention to this, and they should because it is the secret to you. When you first went in, they tried to buy you off. You know, they tried to put you on councils and cozy up to you and get you into the system, and you ratted out your own party and said, excuse me? This is corrupt, this is what's going on, and you changed the system and broke the back of the big oil graft that was going up in Alaska. Do I have that story right?

SARAH PALIN: Yeah, I did have to part ways with my party leadership. I've been doing that, though, ever since I was a city council member in Wasilla in 1992 that all began. So, yeah, I've never been kind of part of that team, if you will.

GLENN: So there's two questions. One is can an individual you've now seen, you know, Alaska and you've done it, you know, pretty much by yourself in Alaska, or at least you were the leader of it there. But Alaska's a lot different than the United States government, and this is just a nightmare cesspool down here in Washington. Can one person break the back or do you need a coalition of politicians? And B, you are known for bucking the system, but one of the biggest progressives out there is John McCain. And you are still supporting him and you are campaigning for him. I don't understand it.

SARAH PALIN: I am. I'm supporting him. I keep my word. John McCain is on fire to kill Obama's government takeover of healthcare and that's what I want to see. And his commitment and his leadership on national security to win the war on terror, that's what we need. And I'm going to support him. And he is a statesman, and I don't hesitate at all to say, no, we do need his leadership, especially on those two fronts: Government takeover of healthcare, he wants to kill it; national security, he gets it. He understands how to win.

GLENN: He is for I mean, he's a progressive. He will I mean, he is the kind of guy that he wants to kill this healthcare, but he'll come up with another, you know, Romney like healthcare program that is involving the government. I mean, he was for, you know, a lot of the things that Barack Obama is for.

SARAH PALIN: I dare say a whole lot of politicians in D.C. are starting to see the light. And I'm not saying that John McCain ever was in the dark, but I think these messages sent via Virginia, New Jersey, Scott Brown's race in Massachusetts, politicians in D.C., in the GOP and those independents are saying, okay, we're not alone in this anyway, look at this rising up of the Tea Party movement, of activists saying, no, this anti-leftist agenda is what we're going to be standing for it. We want a shrinkage of government, not a growth of government. We want less intrusion in our lives from our government. McCain and others are I believe jumping on board, being more adamant than ever about that type of an agenda.

GLENN: And can one, can one person go in, can a president go in without the party? Because I just don't trust the Republicans. I'm not going to trust anybody. You know, I'm going to I'll vote the best I can but I'm going to watch you like a hawk every step of the way once, you know, Scott Brown, great, great. Now, what are you doing today? And if he goes awry, I pull my support. I mean, I'll support you while I can until you decide to, you know, become part of the system and you are assimilated into the Borg. Can we

SARAH PALIN: Yeah, don't put your faith in a politician, no. A politician is going to disappoint you. They will make decisions that you can't agree with. And too often then that leads to that disenchantment, disenfranchisement from that politician and from their agenda. No, it takes more than one person, and I appreciate that Scott Brown seems to be absent of a political machine around him. I want him to stay pure. I don't want him to be caught up in

GLENN: Can they? Can they?

SARAH PALIN: He has to. We beg him to. Stay pure, stay committed and convicted on those things that got you to where you are today.

GLENN: Because honestly, Sarah, that's the thing that scares me about you is you've been independent. But the more you are I mean, I like you when you're in Alaska because you are away from all of those dirtbags. And the more you get involved with, and I just wonder because I don't know if I could. You know, you lose your soul. We've talked about this before. You know, can you and can people like Scott Brown stay out of the system because they're constantly asking you, no, no, no, you've got to, you've got to cut the corner on this one. And I know it's just this one, but this one's important. And before you know it, you've compromised yourself into oblivion.

SARAH PALIN: If you want to be able to sleep well at night and if you are in an elected office, you stay committed to what it is that got you to where you are. That's what I thought about that every day, Glenn. It would be, because a friend had told me this years ago. He said in politics you are either eating well or sleeping well. I decided I wanted to sleep well and that's why I've made a lot of the decisions that I have that, yeah, really booted me outside of any kind of machine or any kind of I guess comfort and security that you would have knowing that a political machine has your back and they'll come bail you out and they will come defend you and they will get on the air and they'll tell you, oh, what a great decision. I haven't had that luxury at all. But I sleep well at night because I know that I'm doing what is in my heart, my soul, my gut. I believe that I am connected to a whole lot of Americans who think the way that I think, common sense, conservative ideals and principles. I'm sleeping well and I want Scott Brown and other politicians to be in that same position.

GLENN: Last question. You know, what was it, two weeks ago when we met, you met my son Raphe. He was very interested, you know, when we were leaving. I talked about, you know, that you used to be the governor of Alaska, and he didn't really care. And then we started talking about Alaska and he really didn't care. And then I said, you know, that's up by the North Pole, and he wanted to know, he wanted to know if you were the governor of the North Pole and you had ever met Santa.

SARAH PALIN: I have met Santa, yes.

GLENN: Yes, you have.

SARAH PALIN: I have met Santa and you tell him, yes, that I was the governor of the North Pole and I

GLENN: And because you're

SARAH PALIN: I'm in a position where I can keep a good eye on Raphe and make sure that all is well in your household.

GLENN: All right, good. And I just want to make sure. Because I told him yes, you were, and it was because you were a conservative that you made sure that Santa paid no taxes so the toys remain free. All right. Thanks a lot.

SARAH PALIN: And I'm sure he rolled his eyes.

GLENN: Yeah, he lost interest right away. Thanks a lot, I appreciate it, Sarah, we'll talk to you again.

SARAH PALIN: Talk to you, too, bye.

GLENN: Sarah Palin who, she's going to take my 5:00 slot. And I hate her for it!

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.