Glenn Beck: What Is 'Social Justice'?





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Everything we see pushed down the throats of the American people right now — TARP, the stimulus, health care, immigration reform, bailouts, cap-and-trade — they all have one thing in common: Their PR campaigns contain two words: "social justice."

You've probably heard it a lot lately:

(BEGIN VIDEO CLIPS)

PRESIDENT BARACK OBAMA: I think that there is a strong tradition of social justice in the Catholic Church that had a profound influence on me.

OBAMA: I received one of those letters a few days ago. It was from our beloved friend and colleague Ted Kennedy.... "What we face," he wrote, "Is above all a moral issue. At stake are not just the details of policy, but fundamental principles of social justice."

VICE PRESIDENT JOE BIDEN: So the measure here is what can we do with the major initiatives in the areas of the economy — economic recovery — jobs, education, housing, health care, are all designed to advance social justice.

(END VIDEO CLIPS)

What is that? It seems like such an innocuous phrase. It paints a picture of fairness — many churches use the term as a substitute for "outreach to the poor." Who could possibly be against that? Well, if you've read the news lately: I am. In fact, I even learned from TIME magazine recently that I hate Jesus.

I'm just full of hate and I want to stop justice!

I'm glad to see Time suddenly cares about God... or am I? The other "news" from The New York Times was that I recommended leaving church if those churches help the poor. And I would have gotten away with it too, if it wasn't for those pesky, meddling "journalists"!

I'm not sure why I would expect the media to start searching for the truth now, when they've never let it get in the way before. The truth is this: The term "social justice" has been completely perverted and hijacked by progressives. It doesn't mean simply "help the poor" to them. It does to some people, but not to radical progressives.

And now, just for The New York Times and everyone else who thinks I hate poor people — I know your attention span is about 20 or 30 seconds, but try and pay attention — we'll set the record straight for you here on social justice. The kind I am talking about vs. the kind that they are talking about.

Ready?

Here's my definition of social justice: Forced redistribution of wealth with a hostility toward individual property rights, under the guise of charity and/or justice.

On my radio program, I said if your church is promoting Jeremiah Wright-type "social or economic justice," you should run from it or at least get educated on what progressives mean by this.

Here's someone who took my advice: Barack Obama.

Rev. Wright's church teaches "economic parity" and claims that God is not pleased with "America's economic mal-distribution." Progressives are good at changing words — for instance:

"Federal assistance" has replaced the word "welfare"

"Welfare" replaced the word "handout"

"Subsidy" has replaced the word "self-reliance"

"Bailout" has replaced the words "corporate accountability"

The "stimulus bill" becomes the "jobs bill"

They do this over and over again.

Churches that preach his type of "social justice" are what I was referring to when I said "run." This kind of social justice being preached in Rev. Wright-style churches not only resembles what many of these radical progressive and socialist and communist groups preach today, it is what they preach: Government forcibly taking wealth and spreading it around — leveling the playing field, so there's no "economic inequality."

When you are in church sometimes it's not so easy to see it. But here's a simple rule of thumb: Make sure your church puts God first and politics and government last. Here are the clear warning signs: "social justice" or "economic justice" or "ecological justice."

A couple weeks ago, I told you about Father Charles Coughlin. Coughlin founded the National Union for Social Justice, co-opted the phrase and began publishing Social Justice Weekly. Coughlin, an anti-Semitic religious broadcaster in the 1930s, used the publication to attack capitalism and promote his adoration for Italian fascist Benito Mussolini. He used social justice as cover and it's happening again.

I want to make this clear: Some people look at social justice as going out on mission and going out and doing good works for God. That's great — as long as it's Jesus and the church or your synagogue or whoever is who you are serving, not a government-bloated program.

For example: If your church is preaching social justice and education, your church is doing it, great but remember the Defend Education rallies that happened recently? Of course everyone wants to "defend education." But if you go to the National Day of Action to Defend Education Web site, you'll find a list of endorsers and you'll realize that you've just entered a hot-zone of activist, progressive, socialist groups trying to hijack another movement.

If you go to Jeremiah Wright's United Church of Christ Web site, it looks fine and dandy. But check out the "related links" page and you will be recommended to visit the Ella Baker Center. The Ella Baker Center — why does that sound familiar? Oh that's right, it was co-founded by Van Jones, the communist.

That's the "social justice" they are fighting for and the kind of social justice you need to be fighting against.

You are going to hear a lot of crazy things, including that Glenn Beck hates Jesus, etc. Let me make it extraordinarily clear to you: Every issue this government is bringing up right now is being framed as moral issues.

Remember, we are talking about the extreme left. Does Moral Majority come to mind? What about the Christian Coalition? They were enemy No. 1 to the left. Why is it that the extreme left is talking about social justice and moral responsibilities?

The left understands that if there is a wall you can't get around, then go through the cracks like a mist — infect it and use it for yourself.

So it's interesting to me that we are now being taught by social justice extreme leftist preachers about your Christian duty to have a big government or a big government program. And all of the issues are being framed around morality.

Americans are a moral people; we care, we have big hearts. So if there's a problem — say, global warming — you've got to sell it to people: You don't want to hurt the planet, do you? How do you fix it? Ecological justice. What is ecological justice? Cap-and-trade: The United States — a country with a lot of wealth — will go to a country with no wealth... and we'll buy their air. Wow, that sounds like socialism or the forced redistribution of wealth, which is Marxism.

Health care: Don't you just want to help people without health care? Yes, I do — I don't want to see anyone hurt. I want to help. Well, they can't afford it — we need economic justice to fix it. Now wait, that sounds like socialism or the forced redistribution of wealth, which is Marxism.

Education: Who doesn't want to help people get an education? Some people didn't have an opportunity to get an education. It's just about social justice and balancing the scales. No, it actually sounds like socialism which is the forced redistribution of wealth, which is Marxism.

Let's hear what the FCC's diversity "czar" Mark Lloyd has to say about social justice:

(BEGIN AUDIO CLIP)

MARK LLOYD, FCC: We're in a position where you have to say who is going to step down so someone else can have power.

(END AUDIO CLIP)

It's a moral thing to do! It is social justice.

What makes us a moral people? God. God teaches us to be moral so that we care about issues like health care and education and so on.

But what if you're a Marxist and you really want the forced redistribution of wealth? Let's call it socialism? No, that doesn't work. How about we call it "social justice"? And we use a topic like education and we can sell it to people because they are moral.

We can't sell socialism, but we can sell "economic justice." And we can point out that it's about health care, because they are moral — they'll serve God.

Our foundation needs to be restored. What is our foundation: God, which makes us a moral people; which makes us charitable; which makes us care about health care. And the government is the smallest part — they should administer what we can't.

But if you want to fundamental transform America, you turn that pyramid on its head: Government is your foundation, from which flows social justice. If they can convince you that God is the smallest part of the pyramid, they win.

Notice what they all have in common: Taking from one and giving to another. The second half of that equation — giving to another — is charity. But then President Obama's spiritual adviser says this:

(BEGIN AUDIO CLIP)

REV. JIM WALLIS: We have to be very clear about this. Voluntary, faith-based initiatives with no resources, no resources to make any serious difference in poverty reduction, is not adequate. That's a charity that falls far short of biblical justice.

(END AUDIO CLIP)

Voluntary charity doesn't go far enough? Give to the poor by taking from the rich? Unfortunately that means theft.

You can boil these justices down to one thing: It is a fancy name for socialism, which is forced redistribution of wealth, which is a fancy name for Marxism.

Jesus preached many things, but he never preached socialism. If you voluntarily wanted to live in a commune, Jesus would be cool with that. But he never said take from someone and not give to anyone else.

— Watch Glenn Beck weekdays at 5p & 2a ET on Fox News Channel

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.