Blog
LatestArticlesVideos
Radio
LivePodcastSerialsStations
TV
Podcast
Fine Art
Real Estate
More
AboutCharityBooksSponsorsShopContact
SEARCH
Live Radio

©2023 MERCURY RADIO ARTS.
ALL RIGHTS RESERVED.

TERMS OF USE | PRIVACY POLICY

Live

Glenn's Show Prep

Glenn Beck: Fed makes record 'windfall' profits

January 12, 2010
Radio Clips

The Glenn Beck Program

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.

SHOCKING: 11 states where Hunter Biden is accused of DISGUSTING crimes

Kris Connor / Contributor | Getty Images

Glenn has been calling on our leaders to do what they SHOULD have done a long time ago: hold Hunter Biden accountable for his BLATANT crimes.

Of which crimes is Hunter Biden being accused? From hiring prostitutes to smoking cocaine... LOTS of cocaine... here is a state-by-state list of ALL crimes committed by Hunter Biden. To read about each crime in detail, Glenn's "The Reckoning" guide lists ALL of Hunter Biden's crimes committed domestically and abroad alongside the alleged crimes of all the Biden family members, including Joe.

Glenn needs YOUR help to hold the "Biden crime family" accountable. Click HERE to download "The Reckoning" dossier of ALL of the crimes committed by the Biden family, send the dossier to your representative, and DEMAND they hold the Biden family accountable for their crimes.

In the meantime, here is a sneak peek of ALL of Hunter Biden's known sex and drug crimes committed within the U.S.

1. Arizona

Drug Crimes: One count.

2. California

Drug Crimes: 6 counts.

Sex Crimes: 20 counts.

3. Connecticut

Drug Crimes: 4 counts.

Sex Crimes: 11 counts.

4. Delaware

Drug Crimes: 9 counts.

Sex Crimes: 3 counts.

5. Florida

​​​Drug Crimes: 1 count.

Sex Crimes: 1 count.

6. Massachusetts

Drug Crimes: 4 counts.

Sex Crimes: 4 counts.

7. Nevada

Drug Crimes: 1 count.

Sex Crimes: 2 counts.

8. New York

Drug Crimes: 2 counts.

Sex Crimes: 12 counts.

9. Tennessee

Drug Crimes: 1 count.

10. Texas

Sex Crimes: 1 count.

11. Virginia

Drug Crimes: 1 count.

7 HORRIFYING new AI technologies: Number 5 will give you the creeps

It’s no secret that Glenn has a less-than-optimistic view of emerging AI and when you look at the horrifying new technologies that utilize the power of AI it’s hard not to agree.

Here’s a look at 7 new AI technologies that will HORRIFY you:

AI Brainwave Monitoring

Earlier this year during the World Economic Forum's annual meeting, Nita Robinson, a professor of law and philosophy at Duke, presented a video that depicted a “hypothetical” situation where a person's brainwaves are monitored by their earbuds, which have the ability to record brainwaves, decode them with AI, and then send brain reports to their boss and are accessible by government agencies. When the video ends, Robinson makes the terrifying announcement that this AI technology already exists! It's just a matter of time before it's implemented.

If you want to learn more about Brainwave tracking and the WEF, you can watch this clip from the Glenn Beck Program.

AI Voice Cloning

Last month, Glenn covered a terrifying story involving a scammer who created an AI clone of a child's voice in order to scam money out of her terrified parents. While this might sound advanced, a quick Google search reveals that this technology is remarkably accessible and is easily able to replicate the voice of anyone. Imagine the havoc that could be inflicted on your life with an AI clone of your voice.

AI Mind Reader

Left shows stories read to user and right shows what the AI was able to decode from users brain activity

Image credit: University of Texas at Austin

Like something out of Star Trek, a team of researchers at the University of Texas at Austin developed a new AI that is able to decode brain activity and produce a transcript of a person's thoughts with reasonable accuracy, all without the need for implants or other invasive measures. While the researchers assure us that the technology has major limitations, including the need to train this AI extensively on each subject's brain, it’s only a matter of time before the AI is able to overcome these limitations, and it may be sooner than we would like…

Snapchat's new AI “Friend”

Image of My AI's contact on Snapchat

Snapchat

In April the popular social media messaging app Snapchat released a controversial new feature known as “My AI”—an AI chatbot powered by ChatGPT. The new feature acts much like other chatbots. It can answer questions, converse with the user, and offer recommendations. However, unlike other chatbots, it is integrated in such a way that it can be difficult to distinguish from a human user, complete with a customizable avatar and name. Many parents are worried that the friendly appearance of “My AI” will make it hard for their teens to differentiate the bot from a real human. Moreover, the only way to remove the bot is by paying for Snapchat’s premium service, giving parents little recourse for protecting their children.

AI "Big Brother"

In a recent TED talk, former Apple Designer Imran Chaudhri introduced the concept for a new wearable AI device connected to a camera and microphone, enabling the AI to hear and see everything you do. Chaudhri assures us that the device is “privacy-first and safe,” but how safe would you feel with an all-seeing AI accompanying you all day every day?

AI Meddling with Elections

AI generated image of Trump's arrest

Open AI | MARCA News

One terrifying potential use for AI could be meddling with elections. The last few years have seen a decline in faith in our elections, and the emergence of AI will only serve to muddy the waters. As previously mentioned, AI voice clones are here and have been proven to have the ability to create compelling facsimiles of political figures. Combined with AI image technology the threat of an AI-generated scandal is high.

If you want to learn more about AI interference with elections you can watch this clip from the Glenn Beck Program.

AI Dating

Another disturbing development is the creation of “Dating AIs”—AI chatbots designed as a replacement for a boyfriend or girlfriend. There is already a variety of options available with prices ranging from free all the way up to $1 a minute, like some sort of dystopian "call girl." There are already reports of people developing genuine emotional attachments to these bots and others who have married or have tried to marry their artificial lovers.

Global ESG investments PLUNGED 76 percent with NEGATIVE returns on investment

SOPA Images / Contributor | Getty Images

Glenn has been one of the most outspoken critics of the use of ESG by globalist elites to force businesses to comply with their woke agenda. It turns out, not only is ESG bad political practice—it's bad for your wallet too.

Global Investments in ESG Funds PLUNGED 76 percent globally in 2022 from $157.3 billion to $649.1 billion in 2021, with a 20 percent decrease in the U.S. ALONE. This marked the lowest annual net inflow for ESG funds since $69 billion in 2018.


Morningstar via Investopedia

The downturn in ESG investment is largely due to the concerted effort led against ESG led by Glenn and government officials like Ron DeSantis and his anti-ESG 14-state coalition. Thanks to Glenn and DeSantis, an increasing number of states are barring their governments from taking ESG into consideration when determining their investment recipients for state pension and retirement funds. This not only protects critical American industries like oil and gas, but moreover, it protects the First Amendment rights of business owners who don't want to conform to the Left's woke environmentalist and LGBTQ+ standards.

Thanks to Glenn and DeSantis, an increasing number of states are barring their governments from taking ESG into consideration.

However, the massive plunge in ESG investment isn't only attributed to the political pushback against the practice: it also isn't yielding investors the return on investment they were hoping for. In fact, the main ESG funds have a NEGATIVE return on investment.

ESG funds were hit hard by falling equities. One of the largest ESG funds int the U.S., Parnassus Core Equity Fund (PRBLX), fell 26 PERCENT in 2022. This fund performed nearly six percent worse than the S&P 500, which fell 19.44 percent within the same period. Similarly, iShares ESG Aware MSCI USA ETF (ESGU) fell 20 percent, and Vanguard ESG U.S. Stock ETF (ESGV) plummeted 24 percent.

Even the Harvard Business Review admitted investors in ESG have "not fared well":

ESG funds certainly perform poorly in financial terms. [...] Although the highest rated funds in terms of sustainability certainly attracted more capital than the lowest rated funds, none of the high sustainability funds outperformed any of the lowest rated funds [bolded added]. That result might be expected, and it is possible that investors would be happy to sacrifice financial returns in exchange for better ESG performance.

The Harvard Business Review went on to say that ESG funds don't even benefit the environmental and social causes they tout to defend. In fact, when comparing environmental and social compliance between ESG and non-ESG funds, the
"ESG portfolios had worse compliance record for both labor and environmental rules" than their non-ESG competitors.

Let that sink in. ESG funds not only financially underperformed when compared to their non-ESG competitors. They failed to secure the very environmental and social compliance that is central to their original purpose. Missionally, practically, and financially, ESG failure is astounding.

As Glenn has long warned, the only thing that investment firms and governments should be taking into consideration regarding YOUR money is how they can get the best possible return on YOUR investment. We are seeing the detrimental consequences of what happens when woke ideology becomes the basis of investment rather than the recipient's monetary value.

The only thing that governments should take into consideration regarding YOUR money is how to get the best possible return on YOUR investment.

If political conviction alone isn't enough to persuade the general public to ditch ESG, maybe their hurting pursestrings will.

Glenn will show how ESG is being used to further globalist elites' agendas in the second installment of his Great Reset series, Dark Future.To make sure you're caught up and to learn more about ESG, enter your email below to get chapter one of Glenn's first Great Reset book sent straight to your inbox.

Glenn is bringing THE RECKONING to the Biden family. Here's how YOU can help.

You've probably noticed that Glenn is FED UP.

He is FED UP with the crimes that our political elite can get away with. And NO ONE is keeping them accountable! This corruption goes all the way up to the Presidency. Over and over again, the American people have seen headlines of the Biden family's illicit business dealings and crimes both domestic and abroad, yet they ALWAYS get a free pass from the media, and Republicans who promise to hold them accountable, DON'T.

Are you FED UP too?

Glenn laid out the ENTIRE CASE against the "Biden crime family," detailing EVERY crime allegedly committed by the Bidens, going city by city, state by state, country by country.

But we can't stop there.

Now it's up to YOU to demand that they are held responsible. Here's what to do:

  • Step 1. Watch "The Reckoning" (on YouTube or Facebook) and share it with your friends.
  • Step 2.Enter your email HERE to get access to the "Biden Crime Family Dossier" with the full list of crimes and contact information for prosecutors and attorneys general.
  • Step 3. Take action by flooding the phones and emails of the prosecutors and attorneys general in your district and demand they prosecute these crimes.
  • Step 4. Once you've contacted the offices in your relevant district, tweet @glennbeck using the hashtag #Reckoning and let us know who you contacted and whether you received a response.

Like you, Glenn is SICK AND TIRED of our government and media giving the Biden family a free pass for their blatant crimes. Together, let's do something about it.

Watch "The Reckoning" below.