RADIOMarch 14, 2024

THIS New Rule Could Make CRIMINALS Out of Small Business Owners

Did you know the Corporate Transparency Act could make small business owners CRIMINALS? Former investment banker and “You Will Own Nothing” author Carol Roth joins the Glenn Beck Program to explain how the federal government is completely out of control. She also says she'll join Glenn in a lawsuit to end this UNCONSTITUTIONAL act.

Transcript

Below is a rush transcript that may contain errors

GLENN: Again, another horse on the highway. The Treasury Financial Crimes Enforcement Network is looking to collect your information on the beneficial ownership information, that you have to report.

And I -- I am just -- I am there at FinCEN.gov/BOIfacts. And I have no idea. No idea.

And I'm -- I'm the one, I'm one of them that has to do it. Stu, your wife has an LLC, right? You have an LLC?

STU: I believe. I don't remember if it's structured that way. But, yeah. I believe it is.

GLENN: So anyone with an LLC. Even if you're not using it. You have to file, right?

CAROL: Yes. It is every reporting entity. So if you're a single member LLC. S-Corp.

C Corp. Whatever kind of instructor you have.

If you're not exempted, which means you don't have 20 employees, or $5 million in revenue, or fall into one of their other categories that they exempted. You know, somebody like a hedge fund, of course, is not included.

Because why would they be, right?

GLENN: Yeah. There's no money laundering.

CAROL: Right. So if you have a reporting entity. That's why I said, it sounds like there are other reporting entities, like housing associations that may get caught up, because they file something with their state.

So if you're a reporting entity, you have to file. And I don't know if you notice, on that FinCEN.gov/BOI homepage, that the first alert they had is a fraud alert. Because, of course, people are taking advantage of this. And trying to --

GLENN: Because nobody knows anything about it.

CAROL: So recommend tell you about the media. First of all, thank you for being a platform of truth, and one that supports small businesses. Because we've been talking about this. But none of the mainstream media has done anything to alert people to this.

However, Glenn, When the state of Alabama Supreme Court said that we're going to rule this unconstitutional, what did they say?

This is a blow to corporate transparency, this is going to make it harder to fight the cartels.

You tell me, what cartel, and what money launder, is self-reporting to FinCEN?

Okay.

GLENN: Well, let me also say this.

We have been talking about a giant crime family, that is money laundering for a long time.

But because it was ten for the big guy, or five for the big guy, he doesn't have to report this!

Because he's already over $5 million.

So if you -- I mean, if you're small time. Small time money launderer.

Then you have to do it. But if you're an honest money launderer, you don't have to file. If your money laundering is forever 5 million. Unbelievable.

CAROL: Well, that's the thing is that is really frustrating. They have tools that alert them to suspicious activity. There are suspicious activity reports from the banks, which the Biden family had well over 100 of them. I think on a combined basis.

And they did nothing to look into potential money laundering.

So if there is suspicious activity, or there is something that looks, you know, awry. They have ways to go through the courts, to go after that, you know, particular entity.

The ones who are massive criminals, aren't going to be reporting to FinCEN. So all this is, is a mass surveillance program against small businesses.

And the penalties, as you said, are insane.

It's not just for not reporting. It's if you don't update. So a woman gets married and changes her name.

You move. You get a new driver's license. Because the other one was out of date.

You don't let FinCEN know, they can send you to jail!

Why this was ever passed. And, oh, by the way, Trump did veto this. And it went back to Congress.

And they overwrote it. And nobody has done anything to fix this, is absolutely insane!

There are 33 million small businesses, in this country, why are they being put under a microscope, and saying, you are criminal.

You are financial criminals. And we are going to hold your feet to the fire, if you don't let us track you. It is insane.

GLENN: I have to tell you, I am just looking at this website.

It scrolls. And it just keeps scrolling and scrolling and scrolling. On what you have to do.

I mean, this is -- this is as bad as the IRS, if not worse.

Because none of us have ever done any of this before.

CAROL: Yes.

GLENN: You don't even know. Is there an organization out there, that can help file this?

I mean, the bureaucracy is crazy!

CAROL: So that's part of the challenge.

Is that there are accountants and lawyers, who are trying to get on top of it.

Because everything is so vague and confusing.

Even they're not entirely sure what to do.

So again, my recommendation, if you have an existing reporting entity.

You have until January 1st of next year.

I personally, with my LLC. I am not doing this. Until the very last minute.

Because we're working very hard. We're talking with lawmakers.

We're trying to get it overturned. At least delayed so we have a little breathing room to try to do something.

The problem is, if you start a new business, Glenn. You only have 30 days. And I have heard some rumblings. Whatever it is that they're collecting this information. That they don't have a formal database, built yet.

Go figure.

Right.

And so that information is incredibly vulnerable.

And that impacts the ability to start businesses in this country.

If you're starting one. And you have an entity. If you don't a reporting entity, you don't have to file --

GLENN: What does that mean? A reporting entity? That's an LLC?

CAROL: So something that you have to file information with your state to let them know that you're a business. There are certain people who act as sole proprietors, who don't have a business around them, or an entity around them. Like you said, an LLC, an S-Corp.

A C-Corp, and the like.

But if you have that reporting entity, that's where you're getting caught up in this.

And it is just -- it is just absolutely egregious, nefarious, and an affront to small business.

GLENN: I have a friend who has just this week, started a new business. Guarantee you, he knows nothing about this. And because he's starting a new business, he has 30 days.

CAROL: Thirty days, or he can be fined. He can be thrown in jail.

GLENN: Is it 500 or $800 a day, for every day after 30 days?

CAROL: Yeah. It's some incredible amount per day.

GLENN: And up to ten years, in prison.

CAROL: Civil and criminal penalties. For not -- for not reporting, or not -- again, not updating your information.

Not like you do this once, and you're done.

You have to remember this, any time you do anything that changes any of the information, that would be collected, in the system.

GLENN: You know, Stalin said, show me the man, I'll show you the crime. Or his Stasi chief said that.

CAROL: Yep. Yep.

GLENN: That's what this is.

I mean, everybody is -- with all of the new guide lines and regulations and everything else.

There's no way, you can keep up with all of these things.

And I think they're intentionally designed to be able to say, sorry, dude.

You're a criminal.

You did this. Buh-bye.

Because you know people who are connected, are never going to have a problem, from the Treasury financial crimes enforcement network.

CAROL: Yeah. And if you were really concerned about massive corporate transparency. Or massive scale laundering cartels. Then you would be exempting the small businesses.

And you would be focusing on the large companies that have the financial resources and the capabilities to do reporting.

Like the publicly traded companies do.

But it's exactly the opposite.

So what other conclusion could we possibly draw, that you want to surveil what small businesses are doing. And could go everything you can, to hold them down.

And, basically, continue to transfer wealth from Main Street to Wall Street.

GLENN: So when is -- when is -- can the group that now has filed and they said it was unconstitutional.

They can't file. Because they don't have standing, to kick it up to the Supreme Court, right?

CAROL: So I'm not a lawyer. I don't play one on TV.

I don't know what the procedure is. You have to ask the lawyer on that.

There are certainly a number of people, who are looking into additional lawsuits. There are some lawmakers. Who are looking into trying to get this overturned or at least delayed.

To give again, some time to rethink it.

And see what can be done. In terms of the court, I couldn't believe.

It's unconstitutional. But it's only unconstitutional for this person who filed the lawsuit. I have never seen anything like that.

GLENN: Have you ever seen anything like that before?

STU: No.

GLENN: No. No.

I mean, I will -- I will file, for a federal lawsuit.

I mean, anybody --

CAROL: I'll join you.

GLENN: You will join me?

CAROL: Yeah.

GLENN: I have no expertise in this. I have no idea. But let's do it.

I -- this government is completely out of control. If they can do this, and then they also have said, you know. There's no gig workers anymore. Carol, what is that going to do to the grocery shelves, when you can't get private drivers to drive trucks!

CAROL: I mean, this is insane.

And it goes against the complete shift in the economy.

One of the great things about technology. Is it gave people flexibility, Glenn.

Flexibility to work the way you want to work.

And that's the wonderful thing about America. Not everybody around the world, gets to choose what they do for a living. And how to work.

And more and more people want work/life balance. They don't want to be an employee. They want to make their hours.

And, in fact, when they go out and survey, from the government surveys on down. And they survey independent contractors.

The majority of people, don't want to be employees. They love being independent contractors. And they make at least as much, if not more, than if they were an employee. So the fact that we have the Department of Labor, who went around Congress, and say, we will change the way independent contractors are classified. We don't want to have these standalone people. We want them to be employees.

We want them to be in unions. It's all about big business. It's all about making the unions happy. And it's against capitalism. And your own choice. Your work. Your choice. The people who are so obsessed with choice in everything. Why would you not have a choice in how you present your labor? You and I agree on something. What does the government have to do, getting in the middle going, I'm sorry. I don't like the way you decided on how you want to work.

GLENN: And let me ask you this, too. Biden is working so hard to get labor unions to grow. And these kinds of things make you say, I don't want to be an owner of anything. I just want to be a worker. I don't want to stick my head out for any risk at all.

That's what this does. Then, as they squeeze and squeeze, and you don't really have any rights, people want to join unions. But the unions are in bed with the people that are squeezing you!

CAROL: It's the great consolidation. It's taking away that freedom, that choice, that capitalism, that underpins America. What it is that made us successful. That productivity that we talk about, that will allow us to continue to grow and at least have a chance to save this country's fiscal foundation. They want to do everything they can, to put up barriers. They want to put up barriers to work. To earning a living.

Like, if you said this to somebody, ten years ago, 15 years ago, they would look at you, like we're in a bizarro world.

GLENN: People did, when we talked about it, two years ago. That it was coming.

They looked at us, like that will never happen.

Well, here it is. Here it is.

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The most INSANE Deep State story you've never heard

Was an NGO with deep government ties trying to RESTART the opium trade in Taliban-run Afghanistan while former Taliban members were on its payroll...only to be caught DESTROYING the evidence?! The State Department's Under Secretary for Public Diplomacy Darren Beattie joins Glenn Beck to expose what he found when he was made Acting President of the United States Institute of Peace. Plus, he debunks ProPublica’s claim that DOGE “targeted” an “Afghan scholar who fled the Taliban.”

Transcript

Below is a rush transcript that may contain errors

GLENN: Darren, welcome to the program. How are you? Darren, are you there? Is he there?

STU: Hmm.

GLENN: Okay. Check if he's there. Is he? Dick Cheney. Dick Cheney.

STU: Trying to shut him down. They don't want peace. They don't want peace.

GLENN: They don't. They don't.

He is -- he is a big-time anti-globalist. I've got to tell you, what we're doing with the State Department. I absolutely love. The State Department has been a big problem for this country for a very long time. It's what's gotten us into these global wars. These endless wars, and everything he is.

And, I mean, I don't know what happened to Marco rube, but he is tremendous.

And the way president Trump is appointing different people like Darren, it's fantastic. Darren, are you there? Darren.

STU: Something must be wrong with the lines. Because we are talking to him offline on the phone here. And it does seem to be working, but not coming through our broadcast board here for whatever reason.

GLENN: Well, let's see if we can get that fixed, and maybe let me just talk here for five, six minutes on something else. Then we'll take a break and come back and see if we can get him.

There's something else that I really want to talk about. And that is this flag-burning thing. Now, it's not an amendment.

This is something that the president is putting up in an executive order and has very little teeth to it.

But I -- I -- look, I understand. As a guy putting an enormous flagpole up at my house today.

I mean, an enormous flagpole.

I love the flag. I love it!

And there are a few things that make me more angry than see somebody you set our flag on fire.

For a lot of people, that's a punch in the gut, especially our military people. And it has been planted on distant battlefields. It's raced after victory. Saluted in the morning, or should be in our schools and folded and given to the hands of grieving families. It feels like spitting on every sacrifice, that ever made this nation possible. And the argument against flag burning is really simple: It dishonors the idea of all of that. Okay?

And it defends millions of people, including me. It disrespects, I think the veterans that bled. The families who mourned. The dream that binds us together.

However, here's the hard truth: Symbols only mean something, in a land where freedom is alive.

If you outlaw the burning of a flag, the you have placed the cloth above the Constitution that it represents. You have made the flag an idol.

We don't worship idols. If you can only praise the flag and never protest it, it just stops being a symbol of freedom. And starts being an idol of obedience.

Now, that's the argument for allowing it. At least to me.

Because the real strength of a free nation is -- is to -- it's -- it's how we protect, not the speech we love, but how we endure the speech we hate!

And the Supreme Court has already ruled on this. And, you know, they -- the line they drew wasn't an easy one. Freedom of speech, stops where it directly -- directly insights violence. And that's it same thing, kind of, in this executive order.

You can burn the flag. But if I'm not mistaken, but if it incites violence, then you're in trouble.

And that's true. But the bar of inciting violence is so incredibly high. And it's -- it doesn't have anything to do with speech that offends. It's not speech that stirs anger. Not speech that wants you to punch the speaker in the mouth. It's speech only, that provokes imminent and specific violence.

And unless it's that be with the government doesn't have any right to -- to get into the business of silencing speech. Ever. Ever. Ever.

It is a hard line. And that standard is really hard. It's painfully hard.

Because what our citizenship requires, this is civics. What our citizenships require, is that we defend -- oh, I hate this.

We defend the right of your opponent to mock everything that we hold sacred.

Now, I want you to think of this. You can burn a Bible. You can burn the Word of God. But some want to make it illegal to burn a flag. Where are our priorities? You can burn the Constitution. The words that actually are the ones that stir us into action. But you can't burn a flag.

You can't burn a Koran. Can't burn them. Can't. Can't.

You will -- you will quickly come to a quick end, not legally. But you will come to a quick end. I don't ever want to be like that. Ever!

You burn a Bible. I think you're a monster. What is wrong with you? What is wrong with you?

But you have a right to do it. Why are we drawing a line around the flag? It -- the reason is -- is because we feel things so passionately. And that is really a good thing, to feel love of country so passionately. But then we have to temper that. My father used to tell me, that I think this country needs to hear over and over again, every day. My father -- we would talk to somebody. And we would walk away. And he would go, I so disagree with everything that man just said. But, Glenn, son, he would say. I will fight to the death for his right to say it. He used to say that to me all the time. Which now lees me to believe, I know where I've got my strong opinions from. Because dad apparently would disagree with a lot of people all the time.

But that was the essence of freedom. That is the essence of what sets us apart. Standing for universal, eternal rights like free speech. It's not easy. It means you have to take the size of those people that offend you. It means -- it doesn't mean you have to disagree with it. You can fight against it. You can argue back and forth.

But you -- can you tolerate the insults to the things that you love most. That is so hard, and that is why most of the world does not have freedom of speech. It's too hard! But our Founders believed people are better than that. Our citizens can rule themselves!

And the only way you can rule yourself is if you don't have limits on freedom of speech. So the question is, do we want to remain free? Or do we want to just feel good? It really is that simple. It's why no one else has freedom of speech. It's too hard! I think we're up to the task. Okay. Give me 60 seconds. And then we will try again.

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All right. Let me -- let me bring Darren in. Darren, are you there now?

DARREN: Yes!
GLENN: Oh, God. Thank goodness.
Thank you for putting up with us. I don't know what happened with the phone system. But, first of all, tell me what the US Institute of Peace is. I've never even heard of it.

DARREN: That is a fantastic question. And I'll try to give the abbreviated answer, because I know we don't have several hours.

GLENN: Good. I know.

DARREN: But US Institute of Peace is one of lesser known, but quite important member of the NGO archipelago, that was created in the '80s. It belongs to the same cohorts as national endowments for democracy.

GLENN: Oh.

DARREN: And some other -- some other better known NGOs that really in the broad context of things. In kind of the sweep of things, was created as a kind of reorganization of the government structure in the aftermath of the church type committee hearings that expose a lot of the dirty dealings of government agencies such as the CIA, and so sort of a broader response to that government lie was to create this NGO layer of governance, with an armed distant plausible deniability, a kind of chameleon character of not exactly being government, not exactly being private, in order to fulfill some of those more sensitive functions that had been exposed in the course of the church hearings.

And so US Institute of Peace is one of those NGOs that had particular focus on conflict regions. But, of course, as I think you -- you suggested earlier, peace requires at the very least, an asterisk. Because there involves a lot of things, that conventional, most American citizens would not think should belong as part of the portfolio of something calling itself an institute of peace.

GLENN: So what was the thing with the -- with this Taliban member that was getting money from us?

DARREN: Right. So this is an interesting case. So there's a whole saga of a takeover of the US institute of peace under -- under DOGE.

And that's really a fascinating story unto itself. Just to give you a sense of what these characters were like. They barricaded themselves in the offices.

They sabotaged the physical infrastructure of the building. There were reports of there being loaded guns within the offices.

GLENN: Wow!

DARREN: There was one, like, hostage situation where they held a security guard under basically kind of a false imprisonment type situation. It was extremely intense.

Far more so than the better known story of USAID. And in the course of all of that, they tried to delete a terabyte of data, of accounting information that would indicate what kind of stuff they were up to.

What kind of people they were paying. And in the course of that, DOGE found that one of the people on their payroll. Was this curious figure, who had a prominent role in the Taliban government. And then seemed to kind of play a bunch of angles across each other.

Sort of one of these sixer types in the middle of Afghanistan.

The question is, what the heck is an organization like this, having an individual, who is a former Taliban member on their payroll.

It underscores how incredibly bizarre the whole arrangement is. And to just reinforce that. I think even more bizarre than having this former Taliban guy on the payroll is the kind of schizophrenic posture exhibited by the chief -- one truly bizarre thing is that one of the US Institute of Peace's main kind of policy agendas was basically lamenting the fact that the opium trade had dissipated under Taliban leadership. They had multiple reports coming out, basically saying, this is horrible, that the opium trade is diminished under the Taliban. Meaning, finding some way to restore it. How bizarre is that!

GLENN: What was their thinking?

DARREN: Well, it's -- it's very strange, and it depends on what kind of rabbit holes you want to go down. But the whole story of opium and Afghanistan and its connection to, you know, government entities, is a -- is a very intricate and delicate and fascinating one. But it seems very clear that the US Institute of Peace was involved in that story to some degree because their public reports. They had a full-the time guy of basically lamenting the fact that the opium trade dissipated under the Taliban. And, meanwhile, they're funding this former Taliban guy.

GLENN: Unbelievable. Now, ProPublica got this. And you have released the statement on it. And ProPublica just completely white-washed this -- said this guy was a victim, and his family was taken hostage. Was his family ever taken hostage because he was exposed?

And correct the ProPublica story, would you?

DARREN: Yeah, I mean, the ProPublica thing, as usual and as expected was a total joke.

GLENN: Yes.

DARREN: I mean, this guy, I'm not an expert on this particular person's history. But what's very clear is he was a former Taliban guy, and he was probably one of these people, who was playing all sides, made a lot of enemies. I know that there were several kind of attempts on his life by the Taliban, in the course of various -- various decades.

This has nothing to do with -- with DOGE.

I mean, he's a known quantity in the region.

And somebody who has made a lot of enemies.

And he was not -- he was on the payroll of the US institute of peace.

And nobody is expecting something like that. So then, and, again, there's this sort of hostile takeover situation.

Where the people are barricading he themselves in. Trying to delete all this data.

And sure enough, what's in the data, is stuff like this.

These random former Taliban guy, making his contract with $130,000.

GLENN: You know, this is the -- this is the real Deep State stuff, that I think bothers people so much.

Look, we expect our CIA to do stuff, we don't necessarily want to do it. We expect it.

When it's in the State Department.

When every department is pushing out money to NGOs to overthrow governments and everything else.

It's out of control!

It's just completely out of control.

And who is overseeing all of that.

DARREN: That's a great question.

I think part of the NGO -- UCEF was almost a cutout of a cutout.

A fourth of its money came from USAID.

In many ways, it was a cutout of USAID. Which itself was a cutout.

So there are many layers of distance. Plausible deniability.

And UCEF, I think institutionally really perfected this chameleon structure of being able to plausibly present itself as government. When that was convenient for what they were doing.

And also to present itself as a private organization, when that was convenient.

It's a very intricate setup that they had, that was truly optimized for this chameleon character of plausible denial operations. In conflict zones. Doing God knows what, with American taxpayer money.

And it's just an absolute hornet's nest.

We have recovered that terabyte that they tried to delete. And once we get things settled in the building itself, I intend to do a kind of transparency effort, whereby we release all of this material to the public.

GLENN: Good. Good.

DARREN: Just like I'm doing at the State Department. I'm currently acting as secretary at the State Department. And doing a transparency effort here. After I eliminated the global engagement center, which was sort of the internal censorship office within the State Department, decided, we've got to -- we've got to air this out to the public.

So within the next couple of weeks.

We'll have our next tranche of helps you of thousands of emails, documenting what this were doing.

GLENN: I would love you to go back on, through those emails.

I think you guys in the State Department are doing an amazing job. Thanks for being on.