Glenn Beck: What is Pelosi's favorite word?




Video: Pelosi's favorite word...

GLENN: Nancy Pelosi has been asked what her favorite word is. She had an answer. Now, she was — where was she exactly? She was at a Catholic conference, I think at the capitol and so she's talking to religious people here, and I think you can — I mean, I think the audio of just — speaks for itself, and we'll make the video available to you at GlennBeck.com and we'll put it in the free e‑mail newsletter today because you have to really see it to really be able to feel it. Here she is.

PELOSI: They ask me all the time what is your favorite this, what is your favorite that, what is your favorite that. And at one time what is your favorite word. And I said, my favorite word, that is really easy. My favorite word is the word is the word.

PAT: Two words.

PELOSI: And that is everything. It says it all for us. And you know the biblical reference. You know the gospel reference, the word.

PAT: And surely you do.

PELOSI: And that word.

GLENN: That word.

PAT: The word is the word.

PELOSI: We have to give voice to what that means in terms of public policy that would be in keeping with the values of the word.

PAT: Yeah, public policy, keeping the values.

PELOSI: Isn't it a beautiful word when you think of it? It covers everything.

PAT: The word is a beautiful word. The word.

PELOSI: You know, fill it in with anything you want but, of course, we know it means the word was made flesh and dwelt in us and that's really the great mystery other of our faith, will come again, will come again. So we have to make sure we're prepared to answer in this life or otherwise as to ‑‑

GLENN: We will.

PELOSI: ‑‑ how we have measured up.

PAT: Better get ready.

STU: Lots of questions, lots of answer.

GLENN: I've got a few questions. Nancy, approach the bench. I'm just saying. "I'm her attorney, your Honor."



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STU: (Laughing).

PAT: So I'm trying to get this, the word, word.

GLENN: Her favorite word is "the word" which I believe is a compound word.

STU: I think it's two words.

PAT: I think it's two separate words.

GLENN: Two separate words?

PAT: Word and word are two different words.

STU: Maybe "the" is her favorite word and then she put "word" after it, the word.

GLENN: Play it again because it's just so good. It's very deep, theological really.

PELOSI: They ask me all the time what is your favorite this, what is your favorite that, what is your favorite that, whatever. At one time, what is your favorite word.

PAT: Word, what's your favorite word.

PELOSI: And I said, my favorite word, that is really easy. My favorite word is the word.

PAT: It's the word.

GLENN: It is the word.

PELOSI: It is the word. And that is everything. It says it all for us.

GLENN: It does for us.

PELOSI: And you know the biblical reference. You know the gospel, the word.

GLENN: Tell me about it.

PAT: We can.

STU: I wish I could hear more.

PAT: We can.

STU: Oh, really?

PAT: Yes.

PELOSI: And that word ‑‑

GLENN: Word.

PAT: Word.

PELOSI: ‑‑ is, we have to give voice ‑‑

STU: Voice.

PELOSI: ‑‑ to what that means ‑‑

GLENN: What does that mean?

PELOSI: ‑‑ in terms of public policy that would be —

GLENN: Public policy.

STU: Public policy.

PELOSI: ‑‑ of the word.

PAT: The word.

GLENN: The word.

PELOSI: The word. Isn't it a beautiful word?

PAT: It's a beautiful word.

PELOSI: It covers everything, the word.

PAT: Word is a beautiful word.

PELOSI: Fill it in with anything you want but, of course, we know it means —

GLENN: This is so bad! This is so bad! I don't even know where to begin! First of all, when did she become Mother Teresa all of a sudden?

PAT: I don't — recently. Very, very recently.

GLENN: All of a sudden she's Mother Teresa! I'm getting hammered for bringing up God.

PAT: I know.

GLENN: I'm a jihadist, but she's the — let me tell you, you know what my favorite word is? The word.

PAT: The word. Word is your favorite word?

GLENN: Nancy, explain, explain the word logos to me, will you? Just explain that word.

STU: Is that the word?

GLENN: That is the word.

STU: That's the word?

GLENN: Mmm‑hmmm. Logos. If she would say, you know what my favorite word is and you know, you know the meaning of logos and that is — because there, that word has meaning and depth. But "Word" doesn't. No.

STU: My favorite word is fluffernutter.

GLENN: Is it?

PAT: Fluffernutter?

STU: It's more of a brand name.

GLENN: It's a word.

STU: It's a really good word and it has so much —

GLENN: I think when you say fluffernutter, I mean, you can put any word there, but you know, we know what that word means.

STU: Well, and it's important how fluffernutter, you know, is going to influence public policy because I know that liberals on the left love when religious symbols influence public policy.

GLENN: Isn't it weird how now she was, now she was talking to the Catholic community conference on Capitol Hill.

STU: Because I didn't guess that was a religious group she was talking to. I assumed that was on the floor of the House or maybe in a campaign speech.

GLENN: Oh, no —

STU: Wow.

GLENN: You are saying it could have been any of her constituents in San Francisco?

STU: She talks the same way with all constituents. When she is meeting with a hard core left group or an atheist group or any group, she talks the exact same way about the word.

PAT: You know what they call her? Ms. Consistency.

STU: That's exactly what they call her.

PAT: Ms. Consistency.

GLENN: Ms. Consistency.

STU: Every time. That's the word they use for her, consistency.

PAT: That's the word.

STU: That's everyone's favorite word when talking about the person who said her word is the word.

PAT: The bird ‑‑ I thought the bird was the word.

STU: The bird is the word.

PAT: But the bird is ‑‑

GLENN: No, grease is the word.

PAT: Grease is the word?

GLENN: Grease is the word, is the word...

PAT: What happened to the bird then being the word?

STU: The bird is definitely the word. Bird, bird, bird.

PAT: In the day in the time, the bird was the word.

GLENN: No. Grease was the word.

PAT: In the Eighties.

GLENN: Grease is the word. Grease came before.

PAT: But now in the 2000s, the word is the word.

GLENN: Word is the word.

PAT: All right. Well, I mean, we've moved on. We've moved on to a different place. Now the word is the word.

GLENN: I think it's great. I think it's great that we have these social justice organizations coming out and pulling, giving our politicians the strength and the courage to talk about their favorite words. While condemning anyone else who —

PAT: Wonder what her favorite color is.

GLENN: — disagrees with the policies that the Word might bring.

PAT: Do you think she would share with us what her favorite shoes are?

STU: I bet she would.

GLENN: Ferragamo.

PAT: Ferragamo? What kind of spoon do you like? What's your favorite spoon?

GLENN: Silver. She likes to take the silver spoon out of other people's mouths —

PAT: And put it in the government's?

GLENN: And put it in the government's, her mouth, yeah.

STU: Favorite flavor of crystal light, pomegranate fusion perhaps?

GLENN: No, she doesn't like anything with any kind of colors, artificial flavors, any kind of chemicals in it. She's a —

PAT: Her favorite banana? Would it be Dole or would it be Chiquita or —

GLENN: No, Dole is a very bad brand.

PAT: It is?

GLENN: Yeah.

PAT: What is the brand that is produced on her island because doesn't she oversee like a —

GLENN: Dole. But Dole is a very bad brand but she likes Dole.

PAT: Likes Dole.

GLENN: Even though it's a very bad — let's just put it this way. She likes Dole when she's in front of Dole.

PAT: Okay.

GLENN: Or on the dole.

PAT: But if she —

GLENN: But... hmmm?

PAT: At Chiquita she hates Dole?

GLENN: Yeah.

PAT: She's still on the dole but she hates it.

STU: When speaking to Chiquita.

PAT: Yes.

GLENN: Unless Chiquita comes up with more... Dole. You know what I'm saying?

STU: Uh‑huh.

GLENN: I think that is the word. Corruption... might be the word. You could fill it in with any word you want. But isn't that a great word?

PAT: I know what you — corruption?

GLENN: Yeah. The corruption.

PAT: The corruption.

GLENN: The corruption is a great word.

PAT: It's a great word.

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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.

Please support Jonathon's weekly podcast which is exclusive to the Blaze Media and available for FREE. He offers a unique perspective by promoting America's Founding Principles and brings every issue back to a set of core principles which are always based around the laws of nature. You can find links to his show by clicking here or by searching for Freedoms Disciple on your favorite audio platform.

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.