Early in his talk (referring to slavery of the population) he says something about how it has always been that way. It is the natural order of human culture. The mass majority being ruled by a tiny minority / elite. And I think he is right about that. I just can't tell if he considers that arrangement as akin to "slavery of the people" or not.

Later he talks about the "greatest transfer of wealth in history"

I think it is valid to say that when talking about wealth transfer in the billions a jump to the trillions is moot. It is a mere statistic - with a nod to Josef Stalin

6:15 "I think people are frightened by how much they have to lose"

seems to be another way of saying "you will own nothing and be happy"