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.

Has THIS Islamist organization BROKEN state laws for YEARS?!

A new report accuses CAIR Action, the political arm of the Council on American-Islamic Relations, of breaking state laws with its political activism. Glenn Beck reviews this story...

Transcript

Below is a rush transcript that may contain errors

GLENN: So let me go over what is -- what's happening with -- with CAIR.

You know, the Founding Fathers were obsessed over accountability.

Because they knew one thing. You know, they did. They must get suggestions from people on, you know, through tweets. They studied every single system of government.

Every single republic that survived. That didn't survive.

Why didn't it survive?

They studied all forms of government. They were trying to come up with something that could -- could set people free.

And they -- they worked really hard on putting our checks and balances in place, because they knew, once power slips into the shadows. They knew, once power slips into the shadows, once influence becomes unmoored from law, what rises is not a republic.

It's a machine. And that's what you're seeing right now. We're not living in a republic. We're living in a machine.

We -- I think we're staring at one of the largest unregulated political machines operating in the United States ever! Okay.

There have been a couple of groups that are doing sweeping investigations, two watchdog groups. One of them is NCRI and the Intelligent Advocacy Network.

And they have concluded now that the political arm of CAIR, he known as CAIR action, has been operating nationwide with no legal authority, to do the things it has been doing for years now.

They're not allowed to raise money. They've been raising money. Coordinating political campaigns.

Not allowed to do it. Endorsing candidates. Not allowed to do it, they're doing it. Mobilizing voters, shaping policy, functioning as a national advocacy network.

They don't have the legal authority to do any of it. And no one has said anything.

Now, according to the report, CAIR action doesn't just have a paperwork problem.

Investigators found, state by state, that it lacks the license, the registrations. The charitable authorizations, required to legally solicit money.

Excuse me. Or conduct political activity, in any of the 22 states in which it operates. Think of that!

I know how serious this is, because I remember what it took to get the license in each and every state, for Mercury One.

So we could operate. We could raise money. We could do things in those states. It's a lot of work. And if you don't do it, you go to jail. And they find out pretty quickly.

Okay?

22 states, they operate not one, zero legal authorization.

In Washington, DC, the city where CAIR action is incorporated, the department of licensing and consumer protection told investigators, they have no record of CAIR action ever obtaining the basic business license required to solicit funds or to operate.

Imagine how long would you last in business, especially if you were controversial.

How long would you remain in business, if you never had a business license?

You think somebody would figure that out?

In a sooner time than I don't know. A couple of decades!

This report means, that the organization if true, is engaging in unlicensed inner state solicitation.

It has exposed itself to allegations as serious as deceptive solicitation. Wire fraud and false statements to the IRS. These are big things.

And this is not political rhetoric.

Are these phrases written in black and white. In the law.

And by investigators. In California, one of CAIR's most active hubs. The state attorney general has said, the state attorney general of California has said, same pattern here!

The state of California, to say, yep. That's what's happening here.

CAIR action has never registered with California's charitable registry.

Never filed the required CT1 form. And has no authorization whatsoever to request donations. But they've been doing it in California anyway.

Fundraising, selling memberships. Issuing endorsements. Mobilizing voters. All of that has been done by CAIR action. There's no record of any license. Any permission, ever. Going to CAIR. From California. That's according to their attorney general.

Wow!

That's pretty remarkable, huh? How does that happen?

It's not just the coast. It is also happening to the Midwest, the South, the Mountain West. Every state hosting its own CAIR action fundraising page, complete with the donate now and become a member portal, despite no trace of the legal filings required to operate. That's bad!

Now, here's where the stakes rise.

Because CAIR action presents itself openly, as the political arm of CAIR National.

Investigators are now warning that any unauthorized fundraising or political activity.

Could become CAIR's national responsibility as well.

So, in other words, the parent, CAIR itself, might be held responsible.

Meaning, this is want just a rogue subdivision.

This could implicate the entire National Organization of CAIR.

Now, this is happening at the same time it's coming under national scrutiny. It's also Texas.

And I think Florida have designated the group a foreign terrorist organization. Members of Congress are now asking the IRS, the Treasury, the Department of Education to investigate all of its partnerships, all of its financing, all of its influence operations. I mean, I think they're going to be in trouble.

How long have we been saying this?

But every time, I have pointed out anything about CAIR, I have been called an Islamophobe, which shuts everything down. That is a word, developed by people like CAIR, to shut people down, so you'll never look into them.

So what happens next?

First of all, the reports have to hold up.

Regulators now have an obligation. Not a choice. An obligation to act!

State attorneys general in these 22 states, they might pursue fines, injunctions, criminal referrals.

All of them need to take action!

The IRS, needs to take action. Investigate tax exempt fraud. Treasury Department may review foreign influence or money flow violations.

Anything coming from overseas.

Oh, I can't imagine it. They're so buttoned up, right now.

DC regulators may determine whether CAIR actions entire fundraising operation has been unlawful from the beginning.

But here's the deeper question. And it's not bureaucratic. This one is constitutional.

Can the United States tolerate an influence machine, that operates outside of the legal framework, designed to prevent corruption, foreign leverage, and untraceable money?

If I hear one more time, talking about how AIPAC has just got to be investigated. Fine. Investigate.

I'm not against it.

Investigate.

Why aren't you saying anything about CAIR?

It feels like it might be a tool in the hands of a foreign operation.

Why aren't you saying anything about this?

Because here it is! It's not like, hey. I wonder why.

This is it! This is it! This isn't about silencing CAIR. Muslim Americans are -- that are full citizens, they have every right to speak. Every right to vote. Every right to organize. Participate in public life. No question! They can disagree with me, all they want.

But no organization. None! Not mine. Not yours. Not theirs. None. Should operate a nationwide political network, in the shadows and be immune from all of the guardrails that every other group must follow!

That's called a fourth branch of government!

That's how a fourth branch goes.

By the way, CAIR has placed all kinds of people in our Department of Homeland Security. Et cetera, et cetera. This organization has done it!

This is -- you cannot have a fourth branch of government.

They must abide by the laws.

No -- you can't have a branch that nobody elected. Nobody oversees.

Nobody holds accountable.

We talked about this yesterday, on yesterday's podcast. So what needs to happen is total transparency. CAIR action has to release its filings. Its donor structure. Its compliance records, if they exist. Equal enforcement under the law. I don't want them prosecuted in special ways.

Look, if AIPAC is doing the same thing. AIPAC should be prosecuted exactly the same way.
I want it equal. I want constitutional rule.

If conservatives, if Catholics, pro-Israel, environmental, Second Amendment groups, if they have to comply by the state law, so does CAIR action.

And if CAIR action has to do it, so do the Second Amendment groups and environmentalists, and pro-Israel and conservative groups. The law cannot be selective. It can't be!

I don't know how that's controversial in today's world. But somehow or another, they will find a way.

The Feds have to review all of this. If the report is accurate, the IRS and the Treasury have to determine whether false statements or unlicensed interstate solicitations have occurred.

Americans deserve to know what exactly, who is influencing our elections. Who is shaping our policy? Who is raising money in their state?

Especially physical the organization claims political authority, that it doesn't legally possess.

Because history will teach us one unchanging lesson. When a republic stops enforcing its own laws, someone else will always step in to fill that vacuum because power abhors a vacuum!

Unregulated, political power abhors a free people. So while it's about CAIR, it's not about Muslim Americans. It's not about religion.

As always, at least on this program, we try to make it about the rule of law.

One standard for everyone or no standard at all!

And that more than anything, will determine whether or not our institutions remain worthy of the freedom and responsibility that we have entrusted to them.

Glenn Beck WARNS Democrats Will Return with VENGEANCE in 2026 | Glenn TV | Ep 473

America is entering a year of historic upheaval from Charlie Kirk’s assassination and the spiritual shock that followed, to Trump’s tariff revolution, China’s rare-earth war, collapsing energy grids, AI displacement, and the looming fights over Taiwan and Venezuela. Glenn sits down with BlazeTV hosts ‪@deaceshow‬ and ‪@lizwheeler‬ along with his head researcher Jason Buttrill, to break down the biggest stories of 2025. Plus, they each give their most explosive prediction for 2026 that could shape our politics, economy, national security, and civil rights in ways Americans have never experienced before.

Trump Just SHATTERED the “Expert Class” - And the Deep State is in Total Panic

For nearly a century, Washington DC has been ruled by an unelected “expert class” operating as an unconstitutional fourth branch of government — accountable to no one, removable by no president, and shielded from all consequences. Glenn breaks down why Trump’s firing of the Federal Trade Commissioner could finally dismantle the 1935 precedent that empowered technocrats, how Ketanji Brown Jackson exposed the Supreme Court’s embrace of expert rule, and why America cannot survive a government run by people who never face the voters and never pay for their failures.

Transcript

Below is a rush transcript that may contain errors

GLENN: Okay. So President Donald Trump fired the federal trade commissioner Rebecca Slaughter. Federal Trade Commission is an administrative position. I mean, this is under -- the head of the federal trade commission is a cabinet member.

And if the justices uphold Trump's firing of Slaughter, that will overturn a precedent that was horrible, that was set in 1935. Remember, 1935, we're flirting with fascism. You know, everybody thinks. Because they haven't seen the horrors of fascism yet.

Everybody thinks fascism is neat, blah, blah. So what they do is they say that this is an independent person. And the president can't fire them. Because they're, you know, an independent agency.

Well, wait. That would make a fourth branch of government. Our Constitution is really clear.

There is no such thing as a fourth branch of government. Right?

So that's what they're deciding. Now, here is Ketanji Brown Jackson, who is talking about how we really need to listen to the experts. Cut four.

VOICE: Because presidents have accepted that there could be both an understanding of Congress and the presidency. That it is in the best interest of the American people to have certain kinds of issues, handled by experts. Who, and I think you -- in your colloquy, Justice Kagan, have identified the fact that these boards are not only experts, but they're also nonpartisan. So the -- the seats are actually distributed in such a way, that we are presumably eliminating political influence because we're trying to get to science and data and actual facts, related to how these decisions are made.

And so the real risk, I think, of allowing non- -- of allowing these kinds of decisions to be made by the president, of saying, everybody can just be removed when I come in, is that we will get away from those very important policy considerations.

VOICE: We will get away from US policy considerations, and it will create opportunities for all kinds of problems that Congress and prior presidents wanted to avoid, risks that flow inevitably, just given human nature, the realities of the world that we live in.

GLENN: Okay.

Now, remember, what she's saying here is, we have to have experts.

We have to have experts. We have to have experts that don't really answer to anybody. Okay?

They're appointed. And then they're just there. This from a, quote, judicial expert, who cannot define a woman, because she's not a doctor.
She's not a scientist.

She needs an expert to define a woman.
That's how insane her thinking is. Okay?

Now, I would just like to ask the Supreme Court, when you want things run by experts, do you mean things like the State Department, or the counsel of foreign relations, that have gotten us into these endless war wars for 100 years?

Because these are the things that Woodrow Wilson wanted. He wanted the country run by experts.

Okay. So is it like the Council of Foreign Relations, that keep getting us into these endless wars.

Or is it more like the Fed, that directs our fiscal policy, that has driven us into $38 trillion of at the time. We have all powerful banks. That strangely all belong to the fed. And endless bailouts for those banks. Are those the experts that you're talking about?

Or are you talking about the experts that are doctors, that gave the country sterilizations, lobotomies, transgender surgeries. You know, or should we listen to the experts, like the ones that are now speaking in Illinois, to get us death on demand like Canada has, with their MAID assisted suicide, which is now the third largest killer in Canada. MAID, assisted suicide, third largest killer in Canada. Experts are saying, we now need it here, and they're pushing for it in Illinois. Or should we listen to the experts? And I think many of them are the same experts strangely, that brought us COVID. Yeah. That was an expert thing. They were trying to protect us. Because they need to do this for our protection. So direct from the labs in China with the help of the American experts like Fauci. We almost put the world out.

Should we listen to those guys?

Or the experts that brought us masking, and Home Depot is absolutely safe. But Ace Hardware wants to kill grandma. Which are the experts that we want? That we want to make sure that we have in our lives? That they don't answer, or can't be fired by anybody. Because I'm pretty full up on the experts, myself. I don't know.

But you're right. These experts would keep the president in check, and they would keep Congress in check. And you in check!

And the Supreme Court, which would be really great. You know, and you know who else they would keep in check? The people.

So, wow, it seems like we would just be a nation run by experts, and our Constitution would be out the window, because that's a fourth branch!

And if you don't believe me, that, you know, these experts never pay a price. Can you name a single expert?

Give me a name of an expert, that gave us any of the things that I just told you about.

Give me the name. I mean, give me the name of one of them. Give me the name of one of them that went to jail. Give me the name of one expert that has been discredited.

You know, where your name will be mud in this town. Do you know where that came from?

Your name is going to be mud. It's not M-U-D. It's M-U-D-D, that comes from Dr. Samuel Mudd. Okay? He was a docks man. He was an expert. He was that set John Wilkes Booth' broken leg. He made crutches. He let him stay there for a while. He claimed he didn't know him, but he did know him.

In fact, one of the reasons they proved it.

Is because when he pulled the boots off -- when he pulled both of his boots off, right there, in the back, you couldn't have missed it. It said "John Wilkes Booth."

He's like, I have no idea who he was.

Yeah. Well, you knew him in advance. This was a predetermined outpost where he could stay. It's clear you could know him.

The guy was still discredited, we still use his name today. Your name will be mud in this town.

And we think that it's like dirt, mixed with water kind of mud. No, it's M-U-D-D, Dr. Mudd. The expert that was so discredited, went to jail, paid for his part of the assassination of -- of Lincoln.

Give me the name of one of the experts in the last 100 years, that has brought us any of the trials and the tribulations. The things that have almost brought us to our knees. Give me the name of one of them. Can't!

Because once an expert class, they don't answer to anyone. So they never go to jail.

Wow! Doesn't that sound familiar. People never going to jail!

There's a rant that's going around right now, that I did in 2020. And everybody is like, see. He's talking about Pam Bondi.

No, no. I got to play this for you, a little later on in the program. But I want to get to the experts and what the Constitution actually says about that. Because you don't need my opinion. What you need are the actual facts. So you can stand up and say, yeah. I think Ketanji Brown Jackson is an idiot. Okay?

And she's really not an expert on anything. Especially the Constitution. You need the facts, on what the Founders said. Because the Founders would be absolutely against what they did in 1935.

Because that just -- what does it do?

It just sets up a fourth branch of government.

EXPLAINED: Why the Warner-Netflix/Paramount Merger is DANGEROUS for All of Us

The biggest media merger in modern history is unfolding, and Glenn Beck warns it’s the most dangerous consolidation of power America has faced in decades. With six corporations already controlling 90% of the nation’s news and entertainment, a Warner-Netflix or Warner-Paramount megacorporation would create an unstoppable information cartel. Glenn exposes how “too big to fail” thinking is repeating itself, how global elites and “experts” are tightening their grip, and why handing our entire cultural narrative to a handful of companies is a direct threat to freedom. The hour is late — and the stakes couldn’t be higher.

Transcript

Below is a rush transcript that may contain errors

GLENN: By the way, it's never good when you consolidate power. It's never good.

And what is going on now, with this Netflix Warner Brothers paramount stuff, I don't care if Larry Ellison is a conservative or not.

No one should have that much power.

I did a show, gosh, four years ago. I don't even remember when I did it.

We looked it up. In the 1980s. 19 percent of American media was owned by over 50 companies.

Forty years later, 90 percent of the media is watched and controlled by six companies.

National Amusements, the Red Stone Family controls CBS, CMT, MTV, Nickelodeon, gaming and internet. Simon & Schuster Books. That's all one.

Disney, ABC, ESPN, History Channel, Marvel, Star Wars, video games and print.

TimeWarner controls CNN, Warner Brothers, HBO, Turner, video games, internet, and print media like TIME. Comcast, MSNBC, NBC.

CNBC, Telemundo, the Internet.

New Corp. Fox. National Geographic. Ton of others. Sony, with a ton of movies, music and more. The big six. They're valued at nearly $500 billion.

Now, this is something I put together five years ago. So I don't even know. This is probably not even valid even today.

And now we're talking about Netflix, Warner Brothers. Paramount, into all of these one giant corporation. It's wrong! It's wrong!

We can't keep putting all -- everything into the hands of just a few! It's what's killing us!

We've got to spread this around. We can't -- the government cannot okay mergers like this.

They're big enough he has

What happened -- what happened when the banks went under, or almost went under in '08. What did they say the problem was?

They said the banks are too big to fail.

Too big to fail.

Because they were providing all of the services, everybody needs. All the time. And there's only a handful of them.

So if they fall, then everything falls.

Right?

That was the problem. So what did we do to fix it?

We made them bigger!

We let them merge with other banks, and gobble up other things!

And started taking on the local banks.

And so now, your banks that were too big to fail. Are now even bigger. And their failure would be even worse!

What is wrong with us?

Seriously, we're not this stupid.

We're not this stupid.

I think we're just this comfortable.

We just think the experts have a plan. No. The experts don't have a plan.

Their plan is stupid. Their plan is to make it bigger.

Every time it fails. Make it bigger. Push it up.

Make it more global.

No. Haven't you seen what the entire world is like?

The entire world is over-leveraged. The entire world is on the edge.

The entire world is being redesigned.
So what do we do? We don't allow them to make things bigger! We need to start taking more individual and local control of things. They're making it bigger. Which will make the problem bigger. And make the problem so big, you won't be able to do anything about it, because all the experts. All of the heads. They'll all -- there will be six of them. And they will all be sitting in one room.

And they will all be making the instigations. And with them, making those decisions will be all the heads of all the countries around the world, that you're not going to have a say in any of that. They're already trying to do it with the WEF.

But if -- if the Supreme Court says, no, experts matter. And the president can't fire them. You will not have any control over anything!

We're at this place, where we can back out. We can turn around.

We can do it.

It's not too late. But the hour is growing very late.

I don't know about you, I don't like being this.

Up to the edge, you know what I mean?

I would rather have lots of breathing room, between me and the edge of the cliff.

But we don't have that anymore.

Everything has to be done right.

And we have to pay attention.

And the worst thing we can do is make things bigger.

Dream big, think small.