RADIOJanuary 23, 2024

'INSANE': The Fed is TRYING TO HIDE this from you

The Federal Reserve and U.S. Treasury recently made a big change to their banking rules: Big banks will now be forced to use the Fed's discount window (which was previously only used as a last resort by struggling banks) at least once a year. The Fed tried to argue that the last economic crisis was spurred by banks that didn't know how to use the window — so this new rule will act as a fire drill. But former investment banker Carol Roth sees through their "absolutely insane" spin. Carol joins Glenn to explain what's really going on here: The Fed wants to hide from YOU which banks are in trouble and grab even more control over the market. But Carol also brings some good news: This audience recently helped accomplish two "massive" wins in the fight against ESG.

Transcript

Below is a rush transcript that may contain errors

GLENN: We have Carol Roth on with us.

Hello, Carol. How are you?

I can't hear, Carol. There you go.

CAROL: Oh, great. I was saying, what a better way to start with the week than with you and your fabulous community. So off to a fantastic start.

GLENN: So let me give some good news to this fantastic audience. Big news from Florida.

The law that we spoke about, the last time that Justin Haskins was in town, in Dallas, we were talking to a Florida representative. It is working.

More than 100 Florida banks, including some huge nationally chartered banks, have just signed an agreement with the state, that they will not incriminate on the basis of customer's political views.

This is one of the main reasons why we wanted this in the first place. You can see the legislation. I'm going to tweet it out here in just a minute or so.

The legislation behind this. Is the same that we've been promoting since The Great Reset book was released in January of 2022.

Same legislation that lawmakers learned about when they came to the summit. That we hosted at Mercury One in Dallas.

And it's the same one that I talked about when I was on the stage, at the pro-family legislation conference, in November of 2023.

This is a massive, massive win.

Donald Trump has also formerly committed on the campaign trail, of stopping banks from discriminating on the basis of politics.

The whole point of the bill that we were pushing in -- in Florida.

If other states pass bills like the one in Florida, we will win and destroy ESG.

We're getting an update. Hopefully, we will have one at the end of the show, on how many states are taking this up.

Florida, again, is leading the way. Donald Trump, says, he is right with this.

We need your state. To follow Florida's lead. The banks are jumping off. And they are actually signing promises, that they will not consider your politics. When looking at loans or anything else.

That is huge, Carol. Huge.

CAROL: That is huge. And I want to point out, Glenn. This is the second grassroots win, that we heard about, within the last seven days.

And I am so proud of you and everyone in your audience, who has been saying, I'm not sure that I can make a difference, but, you know, I'm going to try. I'm going to write a letter. I'm going to send some comments in, whether it's to my state representative or governor or to whoever it is. We're seeing that when enough people stand up, they can make a difference. And that should inspire and fire everybody else up, to continue this. Because it is working.

And so I -- by the way, I have to say -- participated in some good news on the program.

GLENN: I know. I know. I know. That will end soon. Your mood won't improve much.

But I do want to point out, what you just said. Talk about what happened last week, that was another massive win.

And it started with this audience.

CAROL: It 100 percent started with this audience. And it started with you, and Marlo Oaks, the Treasurer out of Utah, who brought to our attention these natural asset companies. And the fact that the New York Stock Exchange had gone to the NCC, and said, we want to list them. We want to list these companies who can control and manage natural resources.

And we said, no. This isn't going to happen.

And so you brought this to everyone's attention.

We came up with a template.

People from this audience. Hundreds of people from this audience came, emailed me personally for that template.

Sent it in.

And there was so much pressure. That the FCC didn't even get to rule. The New York Stock Exchange withdrew the role because of the pressure from patriots, from this audience.

It was an absolutely huge victory. So now we've got this -- we've got the ESG. We have the nondiscrimination.

We have momentum. So certainly, lots more work to being done.

But everybody should take that moment, to take a victory lap. It doesn't mean you have a party for the rest of the year.

But for a quick moment to say, I made a difference. If I participated. And you didn't do it the last time around, next time around, do it the next time.

Because the more people who do it, the more of a chance, we have to make that difference.

GLENN: So we will get into why this is so critical, that you understand the power that you have.

And really, know it. It's critical.

Make sure you're listening next hour. Because I will show you massive moves now being made, on silencing voices like ours, to alert people like you.

So you may have to be the replacement vote. Voice.

To currently others.

It is the digital ghettos are being made, right now.

And they're going to start putting people behind those walls, soon.

Okay. So, Carol. Let me explain the discount window. And see if I have it right.

Discount window, at the fed.

Think of a bunch of windows, at a bank. Where you walk up to a window.

The discount window is where banks, if they walked into the fed.

Which is the bank of banks.

So all those windows.

There are bankers at that window.

No people like you. And the discount window was the kind of shameful window at the end, that everyone could see.

And you could walk up to the discount window if your bank was if trouble.

And say with, I need to borrow some more money. I need it here.

Because we're getting dicey on the books. And all the bankers can look and see who is in line with that discount window.

And they say, bank of Georgia is in real trouble.

So it was shameful. And nobody wanted to go up to that discount window.

After 2008, they took all that shame away. And now you can walk up and go, yeah, man, right!

Are we all in trouble. You bet?

Can you give me some more money. Do I have that right?

CAROL: Pretty similar.

It's unfortunate.

Because the discount window does sound like a place at Nordstrom, where you maybe get a discount on some goods, right?

But you said, it is sort of -- has a stigma attached to it. Because within the banking system, within the plumbing, as you noted.

Banks lend to each other on a regular basis.

And if you're in good shape, you may go. And if you have a liquidity need, overnight or for short-term, you may go to another bank, and you may get a loan.

And that's actually what the fed funds rate sets that target rate of lending at, that we hear.

We hear, we will go up 50 basis points. We will go down. That set interbank lending rate.

The discount window, as you mentioned is at the fed. Funny enough, it's not even at a discount. It's actually at a premium to the fed's fund rate. Because banks who can't get the money elsewhere, have to go to the fed. We've heard the name -- the phrase, the fed is the lender of last resort.

And that's if you're in line at that discount window. It's because you've got nowhere else to go in order to get that money for your liquidity.

GLENN: Correct.

CAROL: So while that information isn't reported, usually on a case-by-case basis. For about two years.

You don't know specifically.

There's enough details that participants in the market can infer who is going to those windows.

And then also, it's a very important market signal.

Because in the aggregate.

If we're seeing a lot of loans being taken down, via the discount window.

Which is reported on a regular basis.

We can infer there is trouble in the banking system. So like we did last March, when there was a banking crisis, we saw this huge spike in discount window usage. So I think that that kind of pieces this all together.

GLENN: Okay. So now what has the fed done?

CAROL: So there is a new rule that is being worked on. This had been rumored to be happening for a long time.

And now it's finally come out. It's between the fed, the treasury. And the -- I believe it's the FDIC. And they are planning to say, well, because there's so much -- well, actually, they're not saying -- I'm getting ahead of myself.

They're basically saying, they will introduce a new rule. That if you are a bank over a certain size. I think that $100 billion is the assumed cut-off point. That we're going to force you, to use the fed discount window, every year on whether you need a loan.

Whether you don't need a loan. Whether you can borrow for another bank.

It doesn't matter. And they will make sure you do it.

And the reason is, they think you're so stupid.

They say, well, the reason why we had this crisis in March.

Wasn't because we had all of these underwater, you know, securities on bank balance sheets.

No, no, no. That wasn't the issue.

It was because they couldn't figure out how to use the discount window.

So this will be like a dress rehearsal, or a fire drill. So if you do it on a regular basis, now you know. And we can avoid the other crisis.

Which is absolutely insane. And if you believe that, I have a bridge to sell you.

GLENN: That is like, that is like cops saying, yeah. Well, we -- we have to fire our guns. You know, at people. Once in a while, because otherwise, if something happens, we won't know how to fire guns at people.

I mean, that's crazy.

Of course they know how to use it. That's their job to learn how to use it.

It seems to me, they are forcing these banks to do it. So we don't know who is in trouble anymore.

CAROL: Bingo. So there's this great newsletter called FX Hedge.

And they brought this out into the open, and sort of surmised the different reasons why this is happening.

And I'll add my own flavor into it. But like I said, the obvious reason, is that they're trying to obfuscate the information. The signal. They're trying to hide what's about to go in the banking system. So that's the clear reason. The only reason why you would force everybody to do it. Because, of course, if you're part of the fed system, you will know how to use the discount window. Big, huge banks, and they can't figure out how to use the discount window. It's absolutely insane. But it's also kind of -- if you go down the line, they must think there is some reason for them to hide this information. Which is the various issues and weakness which we have known for a while, remains in the banking system.

On top of that, this FX Hedge newsletter, also talked about the idea of consolidation. Something that you and I have spoke about, a lot within the banking system and centralization. That if the banks are no longer lending it to each other, and they are now relying on the fed, this is shifting the banking system away from, you know, more of a quasi-free market. To more fed-controlled system.

Which we know is something that we've been concerned about with CBDC. And, you know, the fourth reason could be these liquidity issues that we're seeing in the Treasury market, and the need for the fed to find ways to increase its balance sheet without calling it QE.

So lots of possible different reasons. But certainly, that first hallmark reason. That they're trying to hide information, and issues.

Within the banking system. Is just -- it's not only a head scratcher. But it's a red neon sign.

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.