Nah he contradicted himself by saying Black folk can work hard and make it while saying Black folk wouldn't be allowed in the Illuminati if it did exist. So which one is it Charlamagne? Couldn't we just work hard and be apart of that too? lol He basically acknowledged that if the group is real then we would be kept out or in some cases used. That is exactly the same point made when speaking on the Illuminati and Blacks in power. The Illuminati is a historical fact as well so in reality he has argued the case of those he is trying to knock without even realizing it.
Secret societies do have people go through various initiations which leads to more and more power. In some cases it may be something homosexual. In some cases the homosexual activity is done as a way to blackmail the person doing it so they will be less likely to expose the secrets of the society in question. The penalty of death is also a major deterrent that's keep people from talking about what the society is doing. So xyz secret society may be known to the public but as long as what the do behind close doors is kept quiet it is still a secret society. Secret societies are considered secret not because the society is not known but because of what the society does.
As far as the selling the soul and the symbolism, that can also be proven with research. Many artist from all genres have spoken on selling their souls. 'They sold their souls for rock n roll' and 'hells bell' are great documentaries that document this str8 from the artist mouth. No conspiracy theory just documented facts publish in audio, video and print over the years. You may not believe that mankind has the power to make a binding contract to offer their soul in exchange for wealth, fame, laudation etc. but it can be proven that countless artist do and have done it.
If the rappers would stop using hand gestures, symbolism, terms etc. that historically secret societies have utilized then we wouldn't be having this discussion in the first place. The fact that they do shouldn't lead the uninformed to ridicule those who have done their homework and point out the matter.
The video is basically propaganda based on a lack of research.
Here is a recent post I made on the subject you can use to get a better understanding of the Illuminati.