Glenn recaps Mr. Tickle with Michelle Malkin




A video clip from Glenn Beck's Insider Extreme.

GLENN: I want to, I want to talk to you a little bit about the fundamental transformation of this country that you and I have been seeing come for a long time. Some people have been on board and preaching this for a lot longer than I have. And it doesn't matter if you are just waking up today. The point is, wake up. I talked about that our country is like the Titanic. It's supposedly the strongest ship ever built, the unsinkable Titanic. But it's that arrogance that caused them to not have enough lifeboats because this ship is unsinkable. Had they not had that arrogance, people would have lived. If they had not had that arrogance, perhaps they would have been more vigilant around the ice. If they hadn't have said the ship is unsinkable, perhaps the Titanic would have pulled into New York and we wouldn't know the name of the ship Titanic because it was just another ship and they come and go. We have the same arrogance on our country. It's unsinkable, it will always be this way. And because of that arrogance, we don't build lifeboats. We think that it will always be this way. We think that nothing could ever sink it, nothing could ever change. Even though, unlike the Titanic, we had a rip in the side. We missed an iceberg, just barely, and it ripped part of our side open. That was on September 11th. And we all looked at each other and then we looked at the captain of the ship and he said, don't worry, everything's going to be okay. Even though we all looked at each other in that moment and said, oh, my gosh..

I was thinking this last night. Do you realize that it was nine years ago, nine. If I would have said to you on September 12th, 2001, in less than nine years, 8 1/2, we will not have any more terrorist activity, no terrorist will hit us on our own soil in the next 8 1/2 years but we will destroy ourselves from the inside. We will spend our way into oblivion. We won't even listen to people's campaign promises. They will be able to say anything and get away with it. The corruption inside of Washington will be so strong and so severe, and the administration and those members in congress will reveal themselves as Maoists, Marxists, and revolutionaries, and in eight to nine years we will talk about the fundamental transformation of America, and the American president will go from sea to sea, continent to continent, apologizing for America. You would have called me insane. Look where we are.

Yesterday I had what's his face on for a full hour. I said during the show last night, I'm sorry that I wasted your time because our problems are so enormous. But I held out hope that when a man loses everything and is at the bottom, he will turn his life around. I'm willing to roll the dice because I turn my life around. I believe in redemption. The guy I had on said he understood that. Clearly he didn't. Michelle Malkin was on yesterday. We had not her but because of some other things that I took out on her, and I apologized both on and off the air to her yesterday, I you know, she said, why are you having him on? Why are you spending an hour with him? There are other better people. And she's right. She was right about him. Complete and total dirt bag. However I think even though I said we wasted your time yesterday, I think we accomplished more in an hour to put this story to bed because it would have gone on and on and on for three weeks people arguing back and forth about him. The guy hung himself in an interview that couldn't have been seven minutes, couldn't have been half hour. By the end of the how are you knew exactly who this guy was, and we don't need to spend any more time on him. And that's why we have to, because of what I said about the Titanic, what I said about 8 1/2 years, look how fast things are happening. We're running out of time. We need some bold people that are willing to tell the truth and fall on their own sword. We need some people to stand up for what is right, righteous and true. He's clearly not the guy. We'll move on and continue to educate on what's going on and who's responsible.



Culture of Corruption


by Michelle Malkin


 - Available from Amazon


 - Available from Barnes & Noble


Michelle Malkin is back with. Hello, Michelle.

MALKIN: Hi, Glenn.

GLENN: Good, how are you doing? I know you are not the kind that would ask me for this, but I am the kind to volunteer it, you were right.

MALKIN: Well

GLENN: No no no, enjoy it.

MALKIN: No I don't actually. You know watching it all unfold is sad, you know it makes me mourn for our country, it makes me mourn for the lack of integrity in Washington and you know I said at the beginning of our interview yesterday, Glenn, that I was going to watch and that while I thought that there were lost opportunities, on the other hand in the end, it ended up being a very useful thing to watch and

GLENN: What was the use in it for you?

MALKIN: Well, I think just the painful prolonged exposure of someone who was obviously a creep ocrat which, you know, many of us who had followed his career and many folks out there who know about his long history and I think this is one of the unplumped points that is yet to be exposed. He has had a long history of doing this. I have heard from folks who served with him in the Navy who tried to warn people about it and now they will be heard, I think thanks to this, you know, pretty much extensive and unassailable exposure of his sordid character.

GLENN: Do you think how I ended the show last night is how I started the show. I said, you have to ask yourself these questions and then you have to say, does it affect me. And I'm not interested in theoretical news. I'm only interested in the news that I can apply to make myself better or our country better.

MALKIN: Yes.

GLENN: And I don't think this affects anyone at this point. Now it's just theoretical because I don't think they are really going to clean anything up. It's like Charlie Rangel. They are not going to clean it up. If it affects them, if it helps them, they will clean it up. If it doesn't, they don't care.

MALKIN: Yeah. Well, I'll say that it affects folks to this extent. This isn't just about Eric Massa, and we know that. This is about a House ethics committee that is essentially a corruption enabling cesspool and has been under both Republican and Democrat administrations. And to the extent that your audience and activists and people who care about integrity and government and returning this government to the limits and the constitutional accountability that it should have, I think that pointing to the House ethics committee and this shadow office of congressional ethics that was set up in the wake of the Abramoff scandals is something that you can do. I mean, here you have a woman who got up, wields her gavel and then invokes her gender as some sort of sense of moral superiority that now that a woman is in charge, we really will drain the swamp? Somebody needs to hold her accountable for those promises. And that's people who are going to be able to go to the polls in 2010 and 2012 and people who are going to be able to run office and show these creepocrats and corruptocrats how to run a clean government.

GLENN: Did you hear the audio from Nancy Pelosi?

MALKIN: I did.

GLENN: Is that, when she says play it here for me, Pat. When she says this isn't about diabetes, this is about diet, this should take the breath away from people.

PELOSI: You've heard about the controversies within the bill, the process about the bill, one of the items. But I don't know if you have heard that it is a legislation for the future. Not just about healthcare for America but about a healthier America. Where preventive care is not something that you have to pay a deductible for or an out of pocket. That prevention, prevention, prevention's about diet, not diabetes.

GLENN: Stop. That is remarkable because it's all about control. This shows Glenn the lies. This isn't about, this is about control of every aspect of your life.

MALKIN: It's always about power and I think as a parallel to that, of course, you've got a first lady, Michelle Obama, who's waging this antiobesity campaign and the question that I always ask, have to ask is what is this really about? Who is this really serving? And as I pointed out a couple of ways ago, this is not about trimming children's waistlines. This is about a union power grab. She wants to expand the child nutrition act because who does it serve the most? The purple shirted army of the Service Employees International Union whose members are serving the kids in the cafeterias. It's about beefing up their membership roles and fattening their coffers. It is always about power, particularly with these healthcare campaigns. And expansions of government into the healthcare arena.

GLENN: Real quick because I'm running about four minutes late.

MALKIN: Yep.

GLENN: But let me just ask you, does this pass? Do you think this passes? Are they going to get this through, healthcare?

MALKIN: There are no inevitabilities in politics. I think that's what the last year has shown. I mean, that is the purpose of

GLENN: But what's your gut say?

MALKIN: No. My gut says no. I mean, there have been enough people who have pounded the pavements on the streets over the last year and I think that, you know, with Obama on the road show, it really is crunch time now. You cannot depend on the House and Senate parliamentarians to stop this.

GLENN: I have to tell you, I you were right yesterday. I hope you're right now. Okay. Thanks a lot, Michelle.

MALKIN: Thanks a lot, Glenn.

GLENN: We'll talk again. Bye bye.

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.