Glenn Beck: Fed makes record 'windfall' profits

GLENN: Hey, I want you to know that the Fed has made a little bit of a profit this year.

PAT: No big deal, though.

GLENN: Yeah. It's only, it's only just a little bit more than Exxon made last year.

PAT: Let's not blow that out of proportion, though. That sounds on the surface like it's a lot of money.

GLENN: Yeah.

PAT: But it's not even $1 trillion.

STU: Right. It's way less.

PAT: $46 billion. ExxonMobil made 45.

STU: If you say $46 billion, you are not including $100 million because it's 46.1.

PAT: It's easy as change.

STU: But that's nothing. That's just thrown on top of it.

GLENN: So they made $46 billion.

STU: 46.1.

GLENN: $46.1 billion last year, the Fed did, a private corporation where we don't even know who really owns the Fed.

PAT: Are they fat cats?

GLENN: No, no.

STU: They are definitely not corporate fat cats.

PAT: All right, I shouldn't have even brought that up.

GLENN: So they made $46.1 billion. ExxonMobil last year made how much?

STU: Well, when it was a big controversy, 2008, they made record profits of $45 billion.

GLENN: Not $45.1.

STU: Well, let me you know what? That's a good point.

GLENN: You better check, because

STU: $45.22 billion.

GLENN: $45.22 billion. And remember it being on the front page of Drudge. They called them in front of congress.

STU: Yeah.

GLENN: You know what this liberal's going to do. This liberal's all about socializing.

STU: Please play it. Thank you.

VOICE: And guess what this liberal will be all about. This liberal will be all about socializing... will be about

STU: Something else, about something else, something else.

VOICE: Basically taking over.

GLENN: Taking over, like that's better.

VOICE: And the government running all of your companies.

STU: Oh, there you go. See, that's quick on your feet.

GLENN: Yeah. Very good cover. Very good cover. Okay, so she was saying that because people were paying a lot of money for gasoline.

PAT: And they were making these outrageously obscene, sinful, outrageous.

STU: Hurtful.

PAT: Hurtful, thank you, profits.

GLENN: At a time when the American people need help.

PAT: They were suffering, suffering.

GLENN: What did they do? They made these obscene profits.

PAT: Obscene.

GLENN: So the Fed was supposed to protect us from a bubble.

STU: That worked. I mean, if you think about it, that worked out very well.

GLENN: The Fed was supposed to oversee the banking fiascos.

STU: Yeah.

PAT: And sort of head them off at the pass?

STU: They did see it. They saw it.

PAT: Nobody could do that.

STU: Impossible, impossible.

PAT: Nobody could do that.

GLENN: Then they were supposed to bail out these banks so people could get loans at the banks, which isn't happening.

PAT: Well, nobody could do that.

STU: Impossible.

GLENN: But they are only making more money last year.

PAT: They tried, Glenn, but the fat cat bankers just wouldn't do the things that were supposed to be asked.

GLENN: Hang on a second. The Federal Reserve is a collection of banks.

PAT: But these are good banks.

STU: Really good ones.

PAT: There's a difference between the good banks.

GLENN: We don't know what banks they are.

PAT: It's like are you a good witch or a bad witch. This is, are you a good bank or a bad bank.

GLENN: We don't know what banks they are.

PAT: I just know they are good. They are good banks.

GLENN: You just know that.

PAT: Because they are part of the Federal Reserve and no bad bank could ever be a part of the Federal Reserve. You know that. You know that.

STU: Don't play around, Glenn.

GLENN: So let's say Merrill Lynch is not Merrill Lynch but Goldman Sachs.

STU: Sounds like fat cats to me.

GLENN: Isn't Goldman Sachs part of the Fed? They are rumored to be part of the Fed?

PAT: They can't possibly be. Because I don't think I would call them one of the good banks.

GLENN: You don't think so?

PAT: So they can't possibly be.

GLENN: But Goldman Sachs is in with the president.

STU: Why are you talking about fat cats again? Fat cats. Corporate fat cats.

PAT: Sucking the marrow out of this country! Out of the very nation!

GLENN: So I'm wondering if we could have Maxine Waters ask Ben Bernanke what's been going on? How could you possibly make because I'll tell you what this liberal's all about. This liberal's all about socializing the bank... about basically taking over... the banking industry... and jamming a spike into the chest of this great nation. And then shooting people who disagree. That's what we're and running the oil companies.

STU: You have to look at this in perspective, though, Glenn and I think if you look at this is really a story of the economy as a whole. I mean, when you think about a company as a whole, you think of beating their all time highest profits by 33% this year. I mean, that seems like just the story that every business is telling with all this hope and this change flowing.

GLENN: It is the macro of the micro. That's just the big picture that everybody's going through the roof by 33%.

STU: 33% of your all time highs, that's what everybody is doing right now.

PAT: I thought everybody was pretty much down.

GLENN: No, pay no attention to that. Fat cats are down and they deserve to be down.

PAT: The fat cats deserve it? Okay. So when is the hearing scheduled for the Federal Reserve to find out how they made these obscene profits?

PAT: Well, they haven't scheduled that yet but they are going to do it really super soon, I'll bet.

STU: Super, super soon I think actually, double super.

GLENN: Do you guys have a press release for this?

PAT: No, but I am expecting one in my inbox anytime, at any time.

STU: And it's not super duper soon. It's one of the two, we know.

There is no transparency when it comes to the Biden administration, and Texas Republican Sen. Ted Cruz's recent exchange with the FBI’s Jill Sanborn is just another example. When questioned about alleged involvement the FBI had on January 6, 2021, Sanborn refused to answer almost every single time.

Do our government officials still work for us? Take a look at the latest headlines: The DOJ and U.S. Army are preparing for possible conflicts with "domestic terrorists," Biden's education secretary allegedly requested the NSBA letter that suggested treating upset parents like domestic terrorists, and President Biden said if you're not with him on the Democrats' voting bills, then you're with the Confederacy. Meanwhile, the FBI won't tell Congress whether it was involved in the the Jan. 6 Capitol riot and the corporate media insists that there's nothing to see here, especially concerning Ray Epps.

The American people are concerned, and it’s "extraordinarily disturbing" how far the federal government goes to avoid answering our questions, Glenn Beck said on the radio program. There's a very odd growing trend here: Our leaders, including the unelected ones, no longer answer to the people. This must stop now.

"The question that I have is, where is the transparency? And is anyone going to be held accountable? They are not afraid of our senators. They are not afraid of Congress," he stated. "This has got to stop. They have got to answer to the law. This is an oversight committee. Who is in charge, the FBI or the people? Once the people are not in charge and are not allowed to see the secret documents, we are toast. Toast!"

Watch the video clip below to hear for more from Glenn:

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Have you ever wondered why so many insane things are happening simultaneously RIGHT NOW? Big corporations are going woke. The stock market got red-hot during a FORCED recession. Stores like Walmart and Target were allowed to stay open during the lockdown, but mom-and-pop stores on Main Street had to close, some of them forever.

On Wednesday's "GlennTV" special, Glenn Beck explains it all in this sneak-peek episode — a primer to his new book and the upcoming explosive, in-depth special: “The Great Reset: Joe Biden & the Rise of 21st-Century Fascism.” Co-author Justin Haskins joins along with Glenn’s head writer and researcher, Jason Buttrill, to answer audience questions about a topic that the media has tried to censor and “fact-check.” You will be equipped with everything you need to know about what the global elites of the world have planned for the transformation of society and YOUR life.

Watch the full episode of "Glenn TV" below:


Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

After new information came out that suggests Dr. Anthony Fauci intimidated and bribed scientists into dismissing the COVID-19 lab-leak theory, Sen. Rand Paul and Fauci got into a heated debate in a Senate hearing. But instead of providing answers, Fauci accused Sen. Paul of endangering him.

Sen. Paul joined "The Glenn Beck Program" Wednesday with his response and explained why he believes "people live in fear of what [Fauci] will do to them."

"It's all about money. If you cross Tony Fauci, you don't get your money. He controls the purse strings for the entire country, the entire university system. And he's been doing it for forty years," Sen. Paul began.

"It's consistent with his arrogance, this level of arrogance that he's developed. He said several weeks ago, that he is science and any attack on him is an attack on science. Yesterday, he said anybody who opposes him is encouraging death threats," he added.

"Look, I've been on the receiving end of semi-automatic gunfire. I was 20 yards away from Steve Scalise when he almost died. I was 10 feet away from a staffer that was shot. And, you know what? The guy doing the shooting was a Bernie Sanders supporter. But not one of us, not one of the Republicans on the ball field, said, 'Oh, it was Bernie Sanders' fault.' But that's the juvenile level of personal attack that Fauci is now stooping to. He is saying that the personal threats he gets are actually the fault of his critics."

Sen. Paul continued, "But the thing is, [Fauci] needs to answer the question. Everything he did in the committee yesterday was misdirection so he didn't have to answer the question. The question was, why did he smear three scientists from Stanford, Oxford, and Harvard? Why did he smear them as fringe epidemiologists? And why did he conspire against Francis Collins to take them down in a very public way? He wouldn't answer the question."

Watch the video clip below to hear more of Glenn's conversation with Sen. Rand Paul:


Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.

Over the past year, an increasing number of voices on the left have pushed for radical changes to our way of life, from reforming capitalism to enacting strict vaccine mandates. But are the American people behind these changes? A recent poll from the Heartland Institute and Rasmussen sought to find out, and the results are startling. The three-part poll asked likely voters for their thoughts on the Great Reset (half said they don't know what that is), COVID-19 authoritarianism, and whether they prefer former President Donald Trump or President Joe Biden.

The Heartland Institute's Justin Haskins joined Glenn Beck on the radio program to break down the results of this exclusive poll, including the disturbing revelation that roughly half of Democrats polled supported shockingly authoritarian COVID-19 policies. For example, nearly half of Democrats polled said they think federal or state governments should require unvaccinated people to live in "designated areas or facilitates," or essentially camps. Nearly half of Democrats supported a proposal "to fine or imprison individuals" just for questioning the efficacy of the existing COVID-19 vaccines on social media, television, radio, or in online or digital publications. And, when asked if people who refuse to get vaccinated should lose custody of their children, 20% of Democrats answered "yes."

But the poll showed some good news, too. Watch the video clip below for more details:


Glenn and Justin’s new book, ‘The Great Reset: Joe Biden And The Rise Of 21st Century Fascism’ is available to order now.

Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution and live the American dream.