Glenn Beck: Will you be a burden or a shelter?


GLENN:

This is one of those things I ask you to go with me on but I want to talk to you

about a real change of course and a real direction. I believe that I have hit my

maximum footprint. We have about 30 million people that listen and watch and

read every single month. We have 30 million people within the Glenn Beck

footprint. That's one tenth of the American population. I have been telling you

that these things were coming. I have been ringing the bell as hard as I can. I

have pledged my life, my fortune and my sacred honor over the last five years,

and you have, too. And you have been here. And last hour I did an opening

monologue and tonight we'll show you the video. It is, it's stunning. It's

stunning what happened just over the weekend, the things that we have said were

coming are now here. And I have been thinking lately about, you know, where do I

go from here. And where I go from here is grassroots. Where I go from here is,

quite honestly, away from New York City. Where I go from here is into real life.

I am the answers don't lie in New York City, they don't lie in Chicago, they are

not in Washington, D.C. They are at your home and your town hall and your

community. They life within your own life. And that's where our problems are and

that's where the solutions are. So I want to start with something that you

people say what does the average person do, Glenn? What do I do? Because I don't

have a lot of money and et cetera, et cetera. And I've told you food storage. I

can't tell you, it may sound ridiculous to you but I can't tell you how

important it is. And you will hear let me tell you something. You will hear my

words ring in your head. Do not be the person that said, oh, jeez, I wish I

would have listened to him. Get food storage. Now, if you don't know how to do

that I told my wife last night, do you know who bought up just tons of land in

Brazil for sugar? George Soros. Isn't that weird? I told my wife last night, I

said, buy sugar, honey. Buy sugar. Buy flour. These things are going to staples

are going to become extraordinarily expensive. Look at this. I don't know if you

guys saw this, but the classic Thanksgiving dinner? This is a chart, and I'll

hold it up for the Insiders but if you look at this, it shows that in 1986 the

price of a classic Thanksgiving dinner pick it up on 3. There it is. The classic

Thanksgiving dinner. And you'll see that it's pretty much flat line because

that's adjusted for inflation. If you don't adjust for inflation, here's the

cost. And inflation really is just inflating the money. That's all they are

doing is they are inflating the money.

PAT: It's like the cost of buying the Twelve Days of Christmas gifts?

GLENN: Yes.

PAT: You know where the calling birds went out? I mean, that's

GLENN: You can't even

PAT: I mean, that's, you know, turtle doves, you can't even get a good turtle

dove anymore. You can't.

GLENN: Don't even talk to me about the pipers piping.

STU: I've been trying to get the lords a leaping for a while.

PAT: They're expensive.

STU: They are out of my price range.

PAT: You know why? You know why they are expensive? Unions. Union members.

STU: Union leapers?

GLENN: Communists? Communist union members?

PAT: The lords, they are all communists union members who make about $72,000 a

day.

GLENN: All right. Pipe down! All right, so here's the thing. Costs are going up.

People say how do I afford it? "Glenn, I'm on the line now." The average person

now, this isn't obviously everybody. The average person and I cannot believe

this has $20,000 to $25,000 worth of excess stuff in their house. Now

PAT: That's hard to believe.

GLENN: That is really hard to believe. My wife and I went through our house this

weekend and we put sticky notes on everything we're going to sell.

PAT: You're not including, like, furniture that you actually sit on, TVs you

use, that kind of stuff?

GLENN: No, we did.

PAT: You are including that?

GLENN: No, no, no. No, no, no. Not stuff you

PAT: Stuff you're using or stuff that you're not using?

GLENN: Some stuff you use and stuff but you don't need. You know, it's extra

stuff. It's like, you know what, we don't need this, you know. But mainly it's

stuff you don't use.

PAT: Okay.

GLENN: You know where we found a lot of stuff? In boxes in the basement.

PAT: Oh, yeah. Oh, yeah.

GLENN: And in, like, cupboards. Stuff you've got in the back of the cupboard and

you're like, I forgot we even had this. You know what I mean? We found stuff

this weekend that we had just put away from another move and we're just like, I

don't even remember having this. It's like you got a whole new set of stuff.

PAT: Yeah.

GLENN: And so what we did is we put sticky notes on everything and we are going

to put it up on Upillar and we're selling it. And what I'm selling it for is

probably different than what you're selling it for. I'm going to encourage you

to do this right now. I want you to talk to your spouse tonight, and I want you

to go through your stuff. And your husband or your wife is going to think you're

crazy. I don't really care anymore. I don't care what anybody thinks of me

anymore. You think I'm crazy? Fine. Woo hoo, great, make fun of me. I mean,

stand in line on that one.

What I'm asking you to do is sell it, for one of three reasons. Go through and

find out what truly is meaningful in your life. Find out what you need. We've

got so much crap. We have so much clutter. We have so much materialism in our

lives that it clutters.

For instance, I am trying to convince my wife right now, and me, get rid of the

cellphones. Now, this is really no, no, no, I know this is really, really

bizarre and most people can't do this, but I want to get rid of them because I

don't want the electronics in the house.

PAT: You never use yours anyway.

GLENN: I know.

PAT: You might as well get rid of it.

GLENN: I know, but my wife uses it and I call her on hers all the time. We leave

them in the car or something else. I don't want all the distractions in the

house. I don't want them with the kids. I just don't want them.

STU: That's legitimate to try to keep them out of the house obviously. You know,

they're great for emergencies, there's uses for them.

GLENN: Yeah, yeah, and that's why I'm saying I have different reasons for it.

I'm not saying, you know, don't have a cellphone. That's ridiculous. But get all

these things that were supposed to make our lives easier have made them more

complex.

STU: Well, you've seen those Windows, the Windows phone commercials they have

been airing lately which is their entire ad campaign is if you get a Windows

phone, you'll get off the phone faster. Like we'll give you all your updates on

one page and I mean, I don't know if it's any good but that's their pitch to

you. It's what they are seeing in people is that they want to get off the phone

and start reconnecting with actual people.

GLENN: Yeah.

STU: That are near you.

GLENN: We have to do that. So anyway, you can what I want you to do is I want

you to go through your house. Because if you have let's say you have $5,000

worth of stuff in your house that you just don't use. You've got sitting it's a

gift somebody gave you. Get rid of it. And here's why. One, pay off your bills.

If you had $5,000 worth of stuff sitting in your house that you don't use, if

you could get rid of it and you could raise $5,000, could you pay off your

credit card? Could you pay down your debt? What could you do with it?

Two, if you had $5,000 and you had paid down your debt, how about food storage?

Could you use $5,000 do you know what you could buy with $5,000 for food

storage? Enormous. Enormous amount.

PAT: You get a year's supply for five people.

GLENN: That's enormous. Pay it off and get your food storage. People have been

asking me, "Glenn, we want answers. What do we do?" Politically? Politically

it's in Broke. All of the answers that took us a year, over a year to do. Well,

this stuff has taken me about a year to come up with as well and this is just

the beginning. First step, get rid of your stuff. Sell it. The stuff you don't

use, sell it and pay down your debt and do food storage. I would do food storage

first.

The third option for people who are in my situation is I have found a town in

Ohio, and I will tell you about it in the coming days, but I want to recreate

George Bailey's It's A Wonderful Life at the end, that end scene. And my wife

and I have found a food pantry that is really struggling. And I mean, these guys

puts their hands on the shelves every day and pray on these shelves and say,

Lord, help us fill these shelves. Well, I don't know what the Lord's doing but I

know what we're doing, and we're going to help. And we are going to raise money

out of our own stuff and we're going to help other people with it. I'm going to

try to lead by some example here and show that we can help each other out, and

we can do it without really hurting ourselves at all. Helping ourselves. It's

good for us. It's good for me to get rid of this crap in my life and it is good

for the other end. So will you join me on this? I will give you more details.

I'm going to post it on

Upillar. It will probably be up there by next week. I'm going to post all my

stuff on Upillar and there's some great stuff. And I mean, there's some stuff

there that, I mean, there's some stuff there that is, you know, one of a kind

of, you know

PAT: Did you put the Pujols bat up?

GLENN: No, I didn't. I didn't do that.

PAT: Oh, I see.

GLENN: No, I didn't.

PAT: That's something you need! That's something you need, is it, Mr. Beck?

GLENN: There are a few things that my wife said no to and that was one of them.

I did put our pool table up, made just for my family. It says made for the Beck

family. Put that up. I love the pool table. My wife's like, which was the last

time you played pool? And I'm like, okay, it's been about a year and a half, but

I love it. And she's like, pool table is going. I said, and the pool table goes,

the brand new beautiful exercise equipment that we had to have, good stuff, it's

been used about three times. Gone! And I am happy about it.

STU: Isn't this just an excuse for, like, wives to be able to nag over things

they don't like?

GLENN: Oh, no, no, no. No, no, because it's like, oh, really? That's going? Do

you know what else is going? This is going. "I like that." You never use it.

STU: This is sort of like a trade war.

GLENN: It is, it is. It's great. It's really great. It was very liberating this

weekend. So please talk to your spouse about doing that. And we'll give you some

more information as we continue to move on.

 

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.

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.