Visa Inc. joined several other major credit card companies this weekend in a decision to ‘separately categorize sales at gun shops.’ The decision is a huge win for gun control advocates, who argue that tracking gun sales could prevent certain catastrophic events from occurring. But this MAJOR decision wasn’t just Visa’s. So who’s behind it all? In this clip, Glenn exposes the far-left players — including the world’s largest union-owned bank — that have been making this push…
Below is a rush transcript that may contain errors
GLENN: Visa, Inc. said over the weekend that it plans to start separately categorizing sales at gun shops. The move is considered to be a major victory for gun control advocates who claim, that the better tracking of gun sales may help prevent future mass shootings. Other major payment processors including MasterCard and American Express have also said, they plan to move forward, with categorizing gun shop sales. Now, this is really important that you listen. Visa said it would adopt the new International Organization for Standardization, ISO. The new merchant code for gun sales. Until now, gun store sales were considered general merchandise. The code would show where an individual spends money, but not what items were purchased. MasterCard said that following the ISO's approval of the new merchant code, we now turn our focus to how it will be implemented by merchants and their banks as we continue to support lawful purchases on our network. While protecting the privacy and decisions of individual cardholders. Merchant category codes currently exist for most type of purchases. When you buy an airline ticket or pay for your groceries, your credit card company has a special code for those retailers. It's just common sense, that we have the same policies in place for gun and ammunition stores, says the New York City mayor, Eric Adams. The industry's decision to create a firearms specific code is nothing more than a capitulation to anti-gun politicians and activists bent on eroding the rights of law-abiding Americans one transaction at a time. This is according to the spokesperson, for the National Rifle Association. So which is it? No big deal, or the furthering of the erosion of your rights. Well, let's go back to see if we can understand this story first. Let's trace -- trace this back a few months. Where was the pressure coming from? Quote, from CBS News. A group of congressional Democrats is urging credit card companies to track the -- the suspected firearm and ammunition purchases, as a means to identify and stop gun crime. The letter drafted by Elizabeth Warren, and congresswoman dean of Pennsylvania. And signed by over a dozen other progressive colleagues, urges the CEOs of MasterCard, American Express, and Visa, to back the creation of a merchant category code for gun and ammunition retailers. Okay. Now, this is really interesting. So this didn't originate with the banks. This originated with the progressive left in Congress. The creation of a new merchant category code for gun and ammunition retail stores, will be the first step. They always say this. And nobody listens. Will be the first step, towards facilitating the collection of valuable financial data. That could help law enforcement encountering the financing of terrorism efforts. Now, I thought we had done all of this, oh, I don't know, about 20 years ago, when we were looking into terrorists. Notice carefully what they say. The creation of a new merchant category gun -- category code for gun and ammunition retail stores, this is according to the -- the congressmen that signed this and the senator. The first step towards facilitating the collection of valuable financial data. Now, that's where the pressure came from. But where did this originate? Let's trace it back a little further. Because there's no way Elizabeth Warren dreamt this up on her own. This initiative was first pushed by the amalgamated bank. Now, who is the amalgamated bank. Well, if you really kind of a pay attention to this show, and you watch the specials, you know who the amalgamated bank is. They are the bank owned by the Worker's United/SEIU union. So it's a labor union bank. But not just any labor Union Bank. This is the bank that brought the Paris accord financial framework, to the United States financial institutions as well. They were the signers at the Paris Accords, the meetings that happened before. And other banks were like, we're not going to get involved in that, but it was the SEIU, labor Union Bank, that brought it here to America. And then got politicians to push and coerce and get all of the other banks to sign in on this. It was a climate credit score idea. It sounded insane back then, but it's known as ESG. And it is the industry standard now. This was The Great Reset before The Great Reset. So it was all about using banks as a pressure point mechanism, to bend everyone to their climate will. This is what the amalgamated bank brought over here. That pressure system clearly worked. Because now all of the banks, all of the credit cards, all of the insurance companies are on board with it now. So now this bank, along with Senator Warren and other Democratic congressmen, are applying even more pressure to go after our guns. Now, they just say, that's just not going to happen. Let me give you this. CBS News. Big scoop. The industry that sets international standards for credit card companies has decided to create a new code for the purchase of guns and ammo. Now, notice within this isn't the United States government. This is an industry group, meaning the financial sector, that sets the international standards. So now, we are being forced to accept international standards, and the rest of the country -- and the rest of the world, really doesn't care about guns and ammunition within because they ain't got any. We're unique in the world, with our Second Amendment. But now we have international standards. So we can't just -- we can't defy these international standards. Now, they say, they're not going to identify the exact purchase. They will separate those items from the more generic category. So merchant category codes, made up of four digits, used across all sorts of industries. And it's not supposed to reveal any individual products for the purchases. Credit card companies lump firearm retailers with other outlets, classifying them as 5999. Upside down. It's a five that doesn't exist. And then three sixes. Miscellaneous retail stores, or 5941 sporting goods stores. New code now for firearm merchants, potentially suspicious purchasing powers could be flagged by law enforcement. Now, wait a minute. What is a suspicious purchase? This is part of the plan, being pushed by Democratic candidates, and the amalgamated bank of New York. A progressive bank. This is according to CBS News now. The letter drafted by Elizabeth Warren and blah, blah, blah. Came out back in June. So the congressional pressure worked. The new code has been approved, but Visa is not happy about it. Hmm. In a letter obtained by CBS News, sent by Visa last Wednesday, in response to congressional Democrats who supported the plan, the company said, we believe asking payment networks to serve as a moral authority, by deciding which legal goods can or cannot be purchased, sets a dangerous precedent. Now, wait a minute. Wait a minute. Visa, you have this all wrong. Wait a minute. You're just categorizing. It's just numbers. You're not tracking. You're not being asked to do anything, except if there's suspicious activity, report it. And what are you turning this into? Let me read this again, from Visa. We believe asking payment networks to serve as a moral authority by deciding which legal goods can or cannot be purchased sets a dangerous precedent. Gee, this is almost like, ESG! Where Visa, MasterCard, and American Express, will be told by their piers and pressured, you know, guys, we can't do business with you. If you're accepting these payments, you know, from gun stores. If you're actually doing business with gun stores, we can't do business with you. So is it that they're creating a national database, which I've heard. Or is it what I don't hear? They're creating a separate category. That way, no matter where you go, if you're buying guns and ammunition at Walmart -- I'm sorry, your credit card can't be used here for that. So they make it impossible for you to use your credit card to buy any kinds of guns. Gee, what would be next on the ESG scale? Now, I'm going to tell you what the amalgamated bank said in response to Visa in 60 seconds. Whether your pain is small like the little ache in the joint of your thumb, or you wake up every morning really, really large. The kind that hurts all over everywhere, all the time, or somewhere in between. The simple fact of the matter is, you want to be free of it. Well, let me suggest Relief Factor. It's not a drug. But it was developed by doctors. And it has four key ingredients that fight inflammation. The not a drug thing is really important. You don't want to be spaced out. You want to be at the top of your game. Your pain is already distracting. What. You're just going to fog over all of that pain? That makes it worse. See if it will work for you. Seventy percent of the people who try it, go on to order more, month after month. ReliefFactor.com. Seventy percent -- again, 70 percent. Are you part of that 70 percent? 1-800-4-Relief. 1-800-4-Relief. Or relieffactor.com. Feel the difference. Ten-second station ID. (music) So let me go back to this letter from CBS News, sent by Visa last Wednesday. We believe that asking payment networks to serve as a moral authority, by deciding which legal goods can or cannot be purchased. Sets a dangerous precedent. We understood amalgamated bank's request to be justified. At least in part. By an interest in blocking transition -- transactions that would fall under such a new category. And Visa's rules expressly prohibit blocking of legal transactions under an MCC. So they're saying -- they're having the balls to come out. Thank you, Visa. Having the balls to come out, and call a spade a spade. Look, this is what they want. They're going to block day before the next step is to block all transactions for firearm or an -- or ammunition. And it will all be tracked. Oh, well, I'll just pay for it in cash. No, now there's a new little special rule here, that all transactions -- all transactions are going to be watched. Now, the president and CEO of amalgamated Union Bank, we all have to do our part to stop gun violence. And sometimes it starts with illegal purchases of guns and adjust. Right. The new code will allow us to fully comply with our duty to report suspicious activity and illegal gun sales. Why? Are we -- when you're going out and you're buying your gun as a drug dealer, do you use your Amex Centurion card? This action answers the call of millions of Americans who want safety from gun violence. And we are proud to have led the broad coalition of advocates, shareholders, and elected officials that achieve this historic outcome. Boy, it doesn't seem like amalgamated bank thinks this is a small deal. Priscilla Sims Brown. She's the CEO, recently appeared on CNBC, where she was asked about her effort to see push the new category code. Quote, if we did have a merchant code for gun stores, we could detect patterns, that would indicate there had been something unusual going on. So now we're not looking for individuals, we're looking for patterns. Hmm. She says, all the banks will do is file a suspicious activity report, at which point, it will be up to local or federal law enforcement to act on those reports. Huh. So who is doing the follow-up? Where are you sending that exactly? And if that's the case, why is Visa concerned about the attempt to block transactions using these codes? This is more than just an official registration. Because that's what I hear people say. Oh, this -- you can't do that. That would be -- that would be a Federal Registration. No. It's worse than that. This is The Great Reset. This is -- and this is openly -- Visa warning us. They didn't want to go along with it. And suddenly, they said, oh, wait. We misunderstand, we're fine. Where is the pressure coming from? Is it the banking industry, is it the government, or is it both?