RADIOApril 07, 2022

It’s time to AUDIT big banks & the Fed. Here’s why.

The Biden administration will continue to use the war in Ukraine and the COVID pandemic as EXCUSES for inflation and for why YOUR prices continue to go up. But there’s far more to the story. In this clip, Glenn explains how the Federal Reserve paid over a TRILLION dollars during the COVID stock market crash to not only keep big banks afloat, but to ensure some of their all-time profit highs as well. The banks have been LYING to us. So maybe Ron Paul was right all along: it’s well past time we AUDIT them AND the Fed.

Transcript

Below is a rush transcript that may contain errors

GLENN: So Treasury Secretary Janet Yellen is planning today to warn of major consequences for the global economy, as a result of Russia's invasion of Ukraine. With both the conflict and the global sanctions imposed, she says, food and energy all around the world, including America, shortage of those things is coming. She is expected to talk about the enormous economic reproductions in Ukraine. And beyond. And she's going to reinforce that the United States doesn't have any intention of easing the economic pressure, it's exerting on Russia. By sanctions on its bank. Financial institutions, and leaders. She's field goal to emphasize, that more than half of the world's economy is united on an effort to impose sanctions on Russia. That the Biden administration is working to ensure Russia does not benefit from financing available through the World Bank and International Monetary Fund. I think we are going to pay a heavy, heavy price, as a -- as a nation, and as the West for this. We are upping the sanctions, and we are forcing Russia into default. And into the gold standard. It is -- we're playing a very dangerous game. So are they. But so are we.

I want to give you tonight, at 9 o'clock, a beginning of a road map. I began telling you, in probably 2006 or '7. There's going to come a time, where down will be up. Up will be down. Liquid will be solid. And what you thought was solid, will be liquid. There will come a time, when you didn't recognize your country anymore. And none of it made any sense. It was the opposite day, that was coming. My question to you today is: Are we there yet? I think most members of this audience see that we are at that point. Up is down. Down is you up. Whatever you thought was right, is now wrong. Whatever you thought was wrong, is now right. Whatever you thought you had on any -- anything, that you could count on that, you can't count on that any longer. Are we there yet? Tonight, I'm going to give you what I think is just the beginning, to scratch the surface. Of what you'll need to be prepared, for what's coming. I don't care what anybody says. I'm going to show you some things tonight, that I guarantee will not make it past the sensors on social media. It will -- it's already been flagged. Some of the things I'm going to continue to talk about tonight, have already been flagged, and cost us a great deal of money. As a business. We also are truly being -- we've been put into a digital ghetto. And I don't mean just this program. I mean TheBlaze. And I'll talk to you about that coming up in a minute. But we are in a digital ghetto. The thing they said, is so outrageous for me to say. And we will never get there. We are in a digital ghetto. We can talk as much as we want. But if you're talking and no one is hearing you, does it matter? I don't believe it does. And this is why I built TheBlaze. This is why we have to have a very close relationship. Because much of the things that I send out every day, I would say 90 percent of them don't get to you. That's remarkable. That's a digital ghetto. I want you to know, clearly, and I'll outline this tonight. The time is coming, when you are going to need to really be prepared. And you're just going to have to start deciding things right now. Not everybody in my family agrees with me. Some members of my family -- you know, my extended family, think I'm nuts. That's fine. We still get along. We're going to have Easter together. We still love each other. But they think, oh, you know. But I will tell you, most of those who feel that way, will not do the research that I recommend. They will not read my book. They won't read Klaus Schwab's book. Well, I can't help you, if you're comfortable in the lies you're being told.

If you are -- if you are truly open, and you are truly seeking truth, then you should read everything. You should know both sides. And then you can make the decision. I have no problem for the people coming to me, and saying, you're wrong. And here's why you're wrong. I'll learn something new. Or perhaps, they will learn something new. But coming to me and saying, you're wrong. And I'm not even going to read or research, that's of no help. That's of no help. You are choosing. You know, there's a very important phrase. Not to choose is to choose. By deciding that you are not going to pay attention to the news, you are choosing your freedom today and your peace of mind today, for trouble down the road. That's what I've tried to give you, as a host. Is peace of mind down the road. I don't tell you these things to freak you out. Although, I will tell you, that whenever I -- whenever -- I know what comes from me. I'm not smart enough to do this show. If you've listened long enough, you probably have figured that out. I'm not smart enough to do this every day, and to make the accurate calls that we have made. The mistakes were mine. The mistakes on timing, mine. But the direction and the -- there's coming a time, when you won't recognize your country anymore. That does not come from me. And believe me, when I see what I see, I freak out. But God does not work with fear. He's telling us of these things, so we can prepare. And not freak out. And we can help each other. You're going to need to be prepared soon, with food and energy. But also in the coming days, and this is a real revelation for me. Bodily, we have to be in shape. We have to take care of our bodies right now. And get them at the top condition. Because there's going to be a season of need and if you're starting out weak, it's not going to be good.

So I know. I know. Fill your own prescription, Doc. But we need to. And the other thing is, there is coming a time, sooner than you think, I've said this before. But let me say it even more boldly: I have said in the past. There's going to come a time when you're going to need to be close to the spirit enough, where you're walking down the street, and you hear in that small, still voice, turn around, go the other direction. You must not hesitate. You must do that.

Let me be a little more bold: There is coming a time sooner than you think, sooner that you might hope, there is coming a time, where your existence. Your life and the life of your family, will be dependent on how close you are. And how obedient you are, to that small, still voice. Because there is a time of chaos that is coming. And confusion. And people will not know what's true. You need to make sure your compass is on true North.

Now, let me give you some -- let me give you some facts here, about the banks. Because Janet Yellen is going to talk today. And she's going to speak about Ukraine.

Ukraine is an excuse. So is covid. But let me -- let me start there. Between March 9th, and March 16th. 2020. As the pandemic was announced and Trump issued the travel restrictions. The U.S. stock market crashed. The Dow Jones Industrial Average shed 5,676 points. That's 20 percent of its value, in five trading days. That is the largest single point drop ever, and the worst five-day drop in overall value, except for the crash of 1929. Does anybody really remember that?

That's significant. And that's what the stock market should have done. But we don't really remember it, because it went right back up. Why? During the same five trading days, the New York Federal Reserve issued emergency loans. Totally more than $1 trillion. To 21 major U.S. and international banks. JPMorgan Chase, the largest bank in the US, borrowed 135 billion. The Japanese investment bank, borrowed 125 billion. Citigroup, 96 billion. Bar clays. 95 billion. They're from the UK. Goldman Sachs. 72 billion. BMP, from France, 65 billion. Just those six banks, borrowed $590 billion in just a few trading days, as the market was crashing due to the pandemic. Another 400 billion plus, was spread among another 15 U.S. and foreign banks. Now, remember, this is effectively free loans. There's 0 percent interest rate. Now, we also know, some, if not many of these loans, will end up being rolled over forever, and then just forgotten and forgiven.

Now, that money. That trillion dollars, it entered and stayed in the economy. It is a major first impact of inflation. Mostly, we got on this one, is the stock market, and the housing markets. Went through the roof. Now, I just want to remind you. That the fed is not a federal agency.

The fed is owned, not the other way around. The fed is owned, by JPMorgan. Citibank. Goldman Sachs. Any time the stock market has a slight blip, the fed prints currency, and gives it to their banks, to prop them up. Now, think about that.

Even with the war in Ukraine, even with COVID-19 shutting down, China's largest and busiest port in shanghai. Even with gas prices, sitting at record highs, the fed mandate, has become protect the stock market price, and shield our largest banks from taking any loss, ever!

The fed has averaged making emergency loans in excess of $1 trillion, every week since March 2020. Not to you. Not to me. Not to Main Street. Not to the small business. But every Wall Street bank, that owns the fed. $1 trillion per week.

Now, there's more to this story. Give me 60 seconds, to tell you about MyPillow.

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So let's look added some of those banking, and their profits. JPMorgan's banks last year. And, by the way, I tell you these things. Because these are the people that are designing the way out. And they do not have your best interest. And when the crap hits the fan. This is going to be pushed through, just like TARP. We had no warning, before warning. I'm warning you now. Don't listen to the people who have created the problem.

JPMorgan's profit last year, all-time high returns. Jamie Dimon, JPMorgan bank CEO, just earned $70 million as a bonus. For a year in which the fed provided the bank hundreds of billions of dollars in free loans.

By the way, JPMorgan and its employees are among the largest donors to Democrat and left-leaning institutions in the world. It is borrowing hundreds of billions of dollars in free cash from the fed, to help finance those donations. For those of you capitalists, out there, claiming they are a private bank, and so should be able to do whatever they want with their political donations as free speech. I just have to ask, if they're borrowing the currency, that they are donating from, the fed is giving them no risk, or cost to themselves. Are you really a capitalist?

Do you even get what's going on here? The market is not only in a bubble. It's raging. It's a speculative bubble, that's being fueled directly by the Federal Reserve, lending cash to major banks. To keep buying stocks. And pumping out the profits, that it can funnel parts of it, to dark money. Political arm of the left. Because that's who is creating the runway, for their new plane, which is not capitalist. This is a counterfeit and fraud. And political process, that is being directly funded by the central bank. By the way, the people in Congress, they get to decide who we can question and who we don't. The Senate Banking Committee or House Oversight Committee, they haven't even asked Jerome Powell, a single question about these loans. And yet, we're in massive, massive trouble, with inflation. Yeah. We need hearings. We need a special counsel to investigate hunter and Joe Biden's dealings with China. Ukraine, and Russia. We need hearings on the covid pandemic. The lab leak. The mandates. But we also need public hearings. And a full audit of a U.S. Federal Reserve. They have been lying to us, and we know that now because of FOIA records that took us 12 years to get. The more you look back on the Tea Party, and Ron Paul, in particular. The more you have to say, Ron was right. Audit the fed. Just a warning, these are the people, that are designing The Great Reset. I don't think that this one is going to work out too well for all of us, not in the system. Seeing that they've been screwing us, for a very long time already. You think this system that they're building is going to be more favorable to the little guy? I don't think so.

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.