Least fearing a major crash not just a minor correction and they’re starting to cycle out of these things uh this is not normal they’re trying to find some place safe for their money now if you remember that after the great recession which happened in 2008 there’s a lot of changes that happen to
The financial markets into the banks and one of them that you may not be aware of is uncle sam change their rules for federally insured pensions requiring them to keep a minimum percentage of overall holdings in u.s treasury bonds so what uncle sam said was fine you want
To you want us to have your back you have to have our back you have to buy bonds the reason why they did that is because they knew the rest of the world was going to start not buying our bonds and that has happened in the last few years in fact the fed
Has been the number one buyer of u.s bonds since june of 2020 in the fourth quarter of 2020 the fed purchased 125 of the bonds that were put up for auction usually china buy some japan buy some etc etc they’re not only not buying them they’re selling them
And they are getting out of the american business the fed not only bought all of the bonds for our debt that went up for auction but they bought the bonds that others were putting up for sale saying i don’t really want anything to do with america
I don’t think this is a safe investment anymore now i covered this two years ago because not only did the fed buy all the bonds offered by the treasury but it also virtually all bonds that were offered by sale for major institutions the big banks etc the fed’s balance sheet
Ballooned from 3.7 trillion that they told us to 8 trillion from the second half of 2020 to september of 2021 that is much more than a hundred percent more on their books all right where are they getting all of this money the really important thing that you need
To know and i i urge you please i know people want it in hardcover or paperback and i think it’s so important that you get the great reset um in in hardcover because it you’re going to be able to highlight and everything else that i just don’t think is as effective
Um in digital but get the kindle version the audio we’re just waiting for amazon to approve to be able to post it it’s all done everything’s in you know they told us yesterday or two days ago that it it might take as long as two months to post we’re like really
Because that’s new um but we’re hoping that it will be any day that they post the audio version but please do your homework on this time is of the essence the great reset for this to work they have to have money to continue to flow into our financial institutions our
Banks wall street and the government it is essential that that happens cheap cash is the fuel for the reset machine without it the great reset stops working this is why i’ve said take your money into a local credit union or a local bank credit union is probably better than a bank
But if you know that they keep all of their loans local and they’re investing in your community i think that’s a really good thing um but get your money out of these big banks everything the fed does from this point in my opinion will be designed to make it look like
They’re fighting inflation but what they’re really doing is keeping money pouring into the financial system most likely through backdoor channels that nobody understands or is talking about and one of those backdoor channels that nobody seems to understand or pay attention to is the fed’s lending now this is
Something i’ve talked to you since 2019 something is really wrong really wrong we found out last week from a freedom of information act that the fed’s lending from 2008 to 2010 what they bought from the banks we were told it was five trillion dollars but the fed has a two-year moratorium
You can’t ask them any questions for two years that seems fair right um they aft at 2012 they fought it always supreme court to keep what they did secret until 2022 and they said it was a matter of national security supreme court bought it well it’s 2022. now we can
Know came out last week why have you not heard this from anyone else in the news media the fed lied to us and said that it was five trillion dollars that they gave to the american banks but the number was nearly 30 trillion dollars in two years then
The lending since april of 2020 has averaged about a trillion a week it’s now at 1.6 trillion dollars a week i’ll explain in a second if you happen to be watching the blaze still look up at the monitor i want to show you a chart this is the chart of the fed lending
If you look to the left you will see a flat line and then around 2008 you’ll see a little blip right that’s 30 trillion dollars that little blip you can barely see it okay yeah yeah then around 2014 you’ll see that they start that this is quantitative easing okay
Look what happens at 2019 the lot you want to talk about al gore hockey stick you want it looks like the omicron chart right there is there is until 2008 they never did this before and then they tried to keep it as low as possible that is 1.6 trillion dollars every week
I said last week on the special that it was 1 trillion it’s not it’s now 1.6 trillion now here’s the thing that you have to understand this is the fed giving money to the banks to you know jpmorgan chase not only chase but jp morgan this is the fed giving it
To these big institutions now what they’re saying is well it’s this according to the new york times while it’s massive and unprecedented it doesn’t drive general price inflation because now listen to this because the banks borrow this money from the fed only to redeposit it at the fed now
First of all the banks the five big banks or the the banks that are left those are the fed that is the fed okay so the banks are made up in 12 strangely districts uh in those 12 districts those banks they they form the fed
So the fed owns the banks or does the bank own the fed but it’s it’s the same thing okay why would they ask for 1.6 trillion dollars every day and they can keep that money for 30 sorry 90 days now is the official number and they take it and say we need 1.6
Trillion dollars tonight okay here it is okay thank you um listen i’d like to put this in my bank account at the fed okay here it is 1.6 trillion what the hell is that the new york times doesn’t even talk about it they don’t explain it because nobody it’s never been done before
It’s never been done before now remember they said 5 trillion and the number was 30 experts are saying they don’t think that money was ever paid back and it wasn’t just to america three trillion dollars went to the bank of japan two trillion went to the banks in germany
This is our money gang this is our money so what is it the central planners and the fed have to keep the currency flowing into the financial system this is why it’s gonna take a hundred trillion dollars to fight global climate they need that money they’re doing it
And they’re going to do it with a with a fed coin and that’s what will replace our currency and i know that’s hard for people to believe but it is coming because they must have control the goal to the only way to slow in face uh inflation at this point
Think grocery stores gas stations and everything else while continuing to fund the financial institutions and the big government pro uh projects inflation is inevitable but they think they can control where it happens they want it to be limited to wall street housing and other things linked to the financial institutions they don’t
Want it everywhere because you’ll notice and you’ll be like what the hell are you people doing so they are making changes to the entire world the entire western world with the great reset it is really impossible to do this but they think they can do it and they’re doing it through modern
Monetary theory you can print as much money as you want but you have to control inflation by funneling money through the what they believe is the right part of the economy and impose uh taxes and price re controls on the wrong part of economy
That is why they want a fed coin that is why they want to know exactly what you’re doing with your bank account because they’re going to have to stop you from doing the things you want to do this is all in uh the book the great reset go to
Glennbeck.com right now you’ll find places that will take your order i’m telling you now i said this before there’s a paper shortage and everything else it this is going to sell out i never thought it would sell out this fast it was gone in the first two days there
Was nothing left in the first two days we have ordered many more books and they’re coming at the end of this month they will be delivered to you by the end of this month you’ve got to order it now or you’re going to miss this one too and it is imperative please
Time is of the essence
