Glenn Beck: Big University


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GLENN: Stu, I want you -- Stu is in there right now working on something I told him about, what, about 20 minutes ago.  I asked you about the endowment fund at Harvard and Yale.  And I said, put a billion dollars in there and see what it is in 10 years.  At 23% --

STU:  They didn't really lock in at 23%, right?

GLENN:  I think it's Yale has been at 19 and Harvard has been at 23%.  I mean, it's incredible.  It's absolutely incredible.  I mean, just do 15%.  Just do 15%.  You've done a cursory surgery on these endowments.  Harvard doesn't have a billion dollars.  Harvard has 35 or 37?

STU:  35.

GLENN:  $35 billion.

STU:  They are going to own the Earth.

GLENN:  Yeah.  You remember I told you the story -- here we are in Rockefeller Plaza.  Remember I told the story about how when John, Sr. died, Rockefeller died, they went to John, Jr. and said, do you have any concept of how much money this is?  And he said, well, yeah.  And he said the number.  And they said, we want to show you the projected compound interest.  We want to show you what this money does.  And they showed it to him and they said, by the time your children are your age, this wealth will crush you; you must start giving away this money.  And that's why there's the Rockefeller funds everywhere because they had to give the money away.  Because it was, at the time, the size of a small country.  And now it would be the size of a large country.

$37 billion.  You ask me why tuition is so high.  You ask me why these liberal universities, "Oh, they are not paying their fair share."  These liberal universities have endowments, Harvard, $35 billion in endowment.  They are getting return on that investment of 23%.  Figure that out, Stu.  23%, 10 years, $35 billion.  How much is it?

STU:  I mean, these numbers are ridiculous.  $276 billion.

GLENN:  Do it for 20 years.  You have $35 billion, you get 23% return on investment, which is what they've been getting.  How much is it in 20 years?

STU:  $2.2 trillion.

GLENN:  $2.2 trillion.

STU:  These are like fake numbers, that you just make them up.

GLENN:  In 20 years Harvard -- that's with no additional revenue being raised by these people.

STU:  And also none taken out.  But still how is -- like how can anyone be giving any money to send anyone to these schools?  They should be happy.

GLENN:  How much -- find out what Harvard -- Harvard tuition, everything, all expenses paid I think is $51,000 a year.  They have $35 billion.  Find out if they're -- how much is it per year if they're getting 23%?  How much are they making without touching the principle?  Do one year, let's do 23% of $35 billion.  How much is just their interest?

STU:  That would be $34 billion one year.

GLENN:  20% or whatever.

STU:  This is not coming out correct.  Hold on a second.  I have to recalculate here, Glenn.

GLENN:  Recalculating.  He's making those little index cards.  We have to feed them into our supercomputer, the one that sounds like, (making computer noises).

STU:  It would go up to another $8 billion-ish.

GLENN:  Take a billion dollars at $50,000 a year.  How many students can you send to Harvard for $1 billion out of the $8 billion in interest?

STU:  Starting to get me confused.  Billion divided by $50,000?  20,000.

GLENN:  You can signed 20,000 kids to school.

STU:  For 1/8 of your interest growth a year.  And that's Harvard.

GLENN:  I make the case that Harvard isn't paying their fair share.

STU:  You know what, they can have an endowment the size -- I don't care how big their endowment is.  But stop asking us for money.

GLENN:  Stop telling me that I haven't paid my fair share.  Stop telling me that I, because I'm greedy, I'm not sharing my wealth enough to send people to school, when 1/8 of your interest, of your endowment, 1/8th of your yearly interest could send 20,000 kids to school.

STU:  And that's at your ridiculous rate of $50,000 a year.  How much does it actually cost?

GLENN:  No, Harvard is about $50,000 a year.  That's everything.

STU:  No, what I'm saying is that's what they're charging people.

GLENN:  I'm guessing that Harvard would get the family discount.  How many students go to Harvard right now?  Don't you love the computer?  I only make him do this because he's like, what?  How many students are enrolled in Harvard?

STU:  Hold on one second.  I'm clicking, I'm clicking, I'm clicking.  Enrollment, enrollment.

GLENN:  (Making computer noises.)

STU:  Undergraduate, 6,715.

GLENN:  6,000 undergraduates.  So they could do everybody plus two more thousand.  That's unbelievable.

STU:  For an 1/8.

GLENN:  Unbelievable.  Incredible.  You want to talk about -- you don't talk to me -- Barack Obama, Michelle Obama, don't talk to me about how you couldn't afford your Harvard education.  Harvard.  You want to send more people to school?  You got the money to do it.  Don't talk to me about how big oil makes 8% in profit every year.  8% profit every year, when you've got $35 billion sitting there in an endowment from Harvard.  They could make -- conservatively make $8 billion a year in interest, for nothing doing nothing, for creating nothing.  This is called the rich get richer.  I know they teach it at Harvard but they might want to look inward.  They might want to -- when they're teaching how the rich get richer, how the powerful just keep their power.  When they want to talk about the insidiousness of people just screwing people to the wall, these big organizations that just gouge your eyes out for something that is essential, like oil or education, and they gouge your eyes out and make it only available for the elite.  Meanwhile they're just racking up the money.

'The Fedcoin is HERE': Glenn Beck reveals what the Fed was up to while YOU weren’t watching

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While Americans were preparing for Thanksgiving last Wednesday afternoon, the Federal Reserve moved forward with its "Central Bank Digital Currency" program, and that wasn't the only controversial policy that was rolled out while you weren’t watching.

On the radio program, Glenn Beck reviewed the latest financial stories you may have missed over the holiday weekend, including how Biden's pause on student loan payments may be extended again and yet another sketchy Hunter Biden investment.

"You might have missed what happened Wednesday afternoon at the Fed," Glenn began. "They started their CBDC, Central Bank Digital Currency. Yes, the Fedcoin is here. Now they rolled it out on Wednesday — I mean, that was the only day they could do it, you know, because they've been denying that any of this stuff was happening. But they could only get it [launched] when no one was paying attention. So they rolled it out, and it's in its beta test now."

"By the way, India just rolled out its retail pilot program for digital rupees as well. But don't worry," he continued. "Maybe we should start having the conversation of, 'Gosh, this looks like the mark of the beast.' I mean, doesn't it? But surely it's not. Of course not. Not from the U.S. government. They never do anything underhanded or evil. Never."

Watch the video clip below. Can't watch? Download the podcast here.

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BIGGER than Tiananmen Square? Here's what the China protests are REALLY about

(Left) Photo by Kevin Frayer/Getty Images/ (Right) Video screenshot

China has been locking its citizens down for over two years under its zero-COVID policy, and it's becoming more and more clear that this isn’t just about COVID but something much more serious: slavery and control. Now it looks like many citizens have had enough. Protests are currently spreading throughout China and, unlike during the Tiananmen Square protests, the word is getting out.

On Monday's radio program, Glenn Beck looked into the protests' "real motivations," explained how they’re different from the 1989 protests at Tiananmen Square, and predicted how these events are a "game-changer for the entire world."

Watch the video clip below. Can't watch? Download the podcast here.

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.

The American Journey Experience is the new home of the car Orson Welles gave to Rita Hayworth. Orson Welles gave this car to his future wife Rita Hayworth for her 24th birthday.

George Orson Welles was an American actor, director, producer, and screenwriter who is remembered for his innovative and influential work in film, radio and theatre. He is considered to be among the greatest and most influential filmmakers of all time and his work has had a great impact on American culture.

Every year as Thanksgiving approaches, the fear of politics being brought up at the dinner table is shared by millions around the country. But comedian Jamie Kilstein has a guide for what you should do to avoid the awkward political turmoil so you can enjoy stuffing your face full of turkey.

Kilstein joined "The Glenn Beck Program" to dissect exactly how you can handle those awkward, news-related discussions around the table on Thanksgiving and provided his 3-step guide to help you survive the holidays with your favorite, liberal relatives: Find common ground, don’t take obvious bait, and remember that winning an argument at the cost of a family member won’t fix the issue you’re arguing about.

Watch the video clip below. Can't watch? Download the podcast here.

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.