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What type of radio one Apple Parkhurst or with Emma S guests, from you at those two psychic powers and government conspiracies history is riddled with unexplained events. You can turn back now or learn this stuff. They don't want you to know a production of. I hardly A little welcome back to the show. My name is meant in my name is no. They call me, then new joint. As always with our sugar producer, Paul likeness stops deck and, most importantly, you are you are here, and that makes this stuff. They don't want you to know, gentlemen twenty twenty one years the squeeze glows road would ride. Yes in an earlier episode. We need

prince this episode fairly, often actually weeks. where the concept of food unquote economy and in that episode we put out a call to all fellow listeners to tell us the difference between the current ideology of the economy and the tactics of religion at the time of regarding. So far, none of us have discovered a differentiating trait if, if an economy is a religion and if that region has a god that God Is the concept of energy over time, we'll call it value and exploiting their value over time is a multi billion dollar business and they give surreal priority quickly, like you get member game. Stop when's the last time you were in a game. Stop you, Actually I like to pop into a game start every time I go to a mall, And there is actually there are some freestanding game. Stapi boys assume their only in Malta there's one near

me in the local target shopping centre on Morland Avenue in Atlanta and Anne. Oh, I will nostalgia then, by the judgment of the games, lobbies to be badges dogma, remember Amal store yes and I too, have a local game, stop which I still frequent. Because I'm a thirty something you're old man that still plays video games, I had heard it. I d get I like I'm a physical copy guy media, whether Budapest or games. It's the only way to make sure that you actually open the thing you pie so good point, because if you get it from a server situation, who knows the thing you get when you stream it or whatever or for a while, the sudden, be brick too, because he didn't do the latest update of yes, they can happen with the disks do, but it's really good point you make them shot out to candle for there infamous deletion of George Orwell's nineteen. Eighty four after people bought it look on Tuesday. The weaker

court this we're. According January, twenty ninth game stop which is still around, its fortune turn the very weak way, their stock price skyrocketed over the The previous price and this sent shock waves through the stock market through the world finance overall, This is an ongoing events, meaning there is information on the way that we don't have yet. No one does and the story recovering today continues so by the time this reaches the air. Some of the information may be outdated. As the man had her sets. Let's start at the beginning, I will go through the middle and do our best to fight the end game stop Wall Street read it here are facts what the hell just habit. How is how is this brick and mortar business

Certainly one of the hottest stocks on the planet, the feels very weird to even be talking about game, stop in the news outside of something terrible. winning to yet another brick and mortar store. I don't have any of you guys got like messages from friends. I what's goin out with game: stop because it was a little confusing it was a game. Stop was trending at least thing we're going out with the stock market and game stop, but because The kind of we'll convoluted and and mysterious nature of the stock market. It's not so that everybody can immediately wrapper head around so definitely does do a little digging and requires some kind of basic knowledge of some nation all yet very concepts of the stock market. I wanna. On that note, I want to thank everybody who reached out via twitter or Instagram or sent send text this This story broke in the mainstream. Pretty much weak, but there's there's a lot to it and bigger right. We have to

the first start with the stock market, which is Dickie was thing: well, we opportune, not ridiculous, but it's it's ridiculous. Think so imagine your accompany you have to these two real money to cover or start up costs or to grow your business. You either borrow money than today. financing we're. Can sell stock soul shares of your company. That's equity financing sheriff stock is literally a little piece. Ownership of your company, whether that, apple bees, whether that game stop blackberry. See theatres look here all the time, saw the good ones discovery indications classic stock its institutions? Even if you're not like, say hd a lion share? Stockholder, you know of a company. You are still

title to a lot of the same information and privy to some of the same kind of meetings that those people are. So even if you like just hold a little bit of stock, you get prospectuses on. What's going on with the company and you are able to sit in on these shareholder meetings where, like the ceo, gives kind of the run down of what's going on with the company, and that's because you bought a share of the stock, so who are you are part of Europe of the ownership early owner class? That means you are entitled to a proportional fraction of the assets in the earnings of that company assets are everything a company owns and earnings all the money brings in from whatever selling whether the product or service in since this is what happens on the stock market, the stock, kind of mimics to other concept. Number one insurance so Buddy cover us away. Have our back number to gambling? Vegas baby?

it is worth Wall Street is is in some ways Vegas with a tie. You know, and an investor uses money to support this, given idea this company this endeavour the endeavour. Succeeds the investor wits if it fails to invest loses their influence ordinarily in a basic buying a stock kind of thing, but there are multiple ways to participate to play this casino? the vast majority of people vast majority of individual investors, what are called retail investors. This means that you buy a certain stock at a certain pride. hopefully a low one and then hopefully later on down the line, you sell it at a higher price. So you at your mercy. What's once you get when you get your of coffee, whatever you

your coffee stock at ten dollars, and next month you sell it for fifteen good job but, as we said, that's just the beginning to understand what's happening, we have to understand the concept of something called short selling, the air, which is essentially the reverse of that concept, instead of buying low and selling high you're buying, high and selling low kind of that's a little red oversimplification over simplification by the idea is that You borrow a stock that you don't Leon, and then you sell it you're making a bed. the stocks price will go down. And then you can sell it. You can return it back to the person the brokering s leave borrowed it from and then you pockets the difference in you know in the stock price from when you borrowed it to when the end of a contract,

expires. He has a really weird concept in its still difficult for me to wrap my head around. It necessarily in so many different places have attempted to explain it. It still it makes sense that there's money in it, except except for the fact that you're, the boss, growing is really important. Borrowing it and selling it in hopes I dont understand, God the old line from Popeye's re I'll gladly hey you on Wednesday, four, a hamburger on Tuesday vulture has really good explanation of this. That I I hope is helpful for a lot of us in the audience today, let's say ah Matt. Let's say all. Has a book netbook, ten bucks So you go to Paul and you say: that's that's a kick ass book. I can. I borrow it. I'm gonna give it back to you in a couple of days and then

take that book. Would you do not own and you sell them to some one else for ten dollars? that's how much the book is worth but you're thinking this book is gonna be less valuable before you have to give the book back to Paul and so no book. Let's see the book drops on two four dollars. Everybody said this is not a ten dollar book, there's a for dollar, but there are so many of them, and so now you can go and buy the actual book for Ford dollars, and you can give it back to Paul. And now you have six dollars, That makes so much more sense. Thank you, vulture and bent. So that makes so much more sense so as a very that's over simplified way you're doing in that example, is your closing that shit? position. You, buying those shares you're getting that book from the morgue.

And you're getting a cheaper than than it was when you borrowed it and sold it's so much more sense why you would have you know firms that represent a bunch of people buying a tonne of stock in when their shorting it that make so much more sense. I would argue at the book example is almost yeah you're doing this without the person's knowledge you're here is essentially stealing their property and then, if it doesn't work out you're paying them back for without having gone permission to sell in the first place. I am assuming that there is understanding when you're shorting these stocks, that that's exactly what you're going to do with his is a contract. that sets some terms as to what the parameters are around this relationship, yet to make it into of people better sense of the stakes. Let's once get rid of the book example and say that instead Matt borrowed Paul's Lamborghini as such

what Paul's, Lamborghini and now as ten days to find a cheaper Lamborghini, because he asked to give the car back so Jeff a born was a professor of finance and associate dean of undergraduate programmes in the DE more Mckinney School of business has as agreed explanation when it's it's kind of what you were you were saying earlier. No, we know the way to make money on the stock market issue by low cell high, but you can do that and either order in shorting is the backwards order, That's where it gets risky. Ok, because back to the wall, for example, with the book. Let's say that match the book you you got you borrowed ten dollar book, but now the sudden. A few days later, it's a what thousand dollar book and you have to buy that book. Then you can by four thousand dollars. You have to give it back to Paul. So if the price

MRS instead of declining. Then you the investor, as the book borrower, are on the hook and you just lost money you in this example, you just lost a ton of money. It's a bad idea. the person on the other end doesn't matter to them, because they're gonna get the book back either way. They're gonna get the stuff either way they don't care. What's happened in the interim as far as their concerned. They just let you borrowed the thing and then they get it back, no matter what so it to you too, sure that thing is return, it's going to be return, one where the other there's! No, I, oh sorry. I don't have any more than the heart of the arrangement. You absolutely have to get it and pay whatever it takes to get it, but if you get it back for cheaper, then you pocket difference in that's how you make your money and if you do this a bunch successfully, you can make a lot of money, but a fifth you're thinking at home. The sounds really dodgy and

of unethical and sort of sleazy. I mean that there's a bargain, whether that's the case and its very controversial practice, even among high level Wall Street tight. Maybe that maybe would be considered like the ethical set of of Wall Street here, just a back to the books if oversight and if that book was then worth a thousand dollars in there. Now, I I oh, I have to do to expend a grand to give the boot practical, definitely calling Congress or the Assisi in asking for a bail out immediately earlier yeah. And if you are the right kind of entity, your chance getting a bail out, are much higher You know if you were like mats mute. orphans. That's hedge fund, you probably ever or chance candidly of getting getting smell from Uncle SAM than you would, if you were just met the person so this all brings us the games that this is the environment in which game stops story is occurring. Yes, that game stop

used to be Babbage is bricks and mortar store. They sell. Video games knew what use council's toys. And movies it turned Someone was attempting to short cell game stop and that makes sense Because games it is in a more games. Stop is affairs, we'll store lose or to very difficult things to navigate. Nowadays, They seem Scooby, do the people, it Ding two's short cell game. Stop would have gotten away with a too if it wasn't for some sharp I'd nerves- and I say this with great affection with their eyes and the market there's a guy who is known as roaring kitty or in value who actually get docks recently, so we re just gonna, keep with his internet handles he's the one who realise there was a hedge fund. Shorting game, stop stock in June I've twenty twenty! He made a video that's about an hour long where he is,

leaned his logic and why he was lost on the stock, which is about, I think, about four dollars per share when he recorded it. which, which means you should by fate agenda we're talking earlier with with Paul and import? What was the start at today? Did you check oh Paul has just told us: the stock is, as we record at three. Hundred and forty eight dollars little north of that pressure, so from four dollars to three or forty eight dollars. I this video came on twenty twenty, but he's been buying stuff earlier yes and nineteen and, as we record today, that this kind of packet of stocks and clean meanwhile, again the whole idea behind this. This practice is to target stocks. That will likely fail to target companies that will likely fail its knowledge, doing, this is going to make them more likely to fail Gazelle, be extra crappy, but it's just

a practice of kind of making bats that these stocks and these companies are not going to do, outlines a lot of companies that are affected by the pandemic. Like games, stop like the movie their chain, AMC are on the table for this type of practice. So a lot of these stocks have been bundled up, and would have been widely reported as something called a short squeeze. Which is a combination of its basically a away to screw over. These, in sisters that make their money shorting stocks. What a step backward quick, though, because there is an important point, I think a lot of our listers or thinking this too, which is like you said, is absolutely correct in in theory, is absolutely correct. However, we have to remember we're talking about influence on macro scale. If you have the juice, for it we have the connections. Let's see you, mutual Fund Andrews selling books. I

who can have mats, or one of match employees or someone who knows Matt from college or something go on CNN, go on fire, scorn MSNBC and say something like you know. What sucks this book, given that can that can influence the price of that book than it does happen. Is not really means you can see how tough deregulate that That's why I did. There are a lot of regular folks really upon CNBC, to tell you a viewer about their special stocks that they like to trade You must get in trouble quite a few times for saying things on Twitter that affected his own start price, and then he got in trouble with his board and they basically said yeah. You can't do that. Stop! Stop doing that whether he was knowingly doing it to game the system, as you know, he's he's kind of an interesting mavriky type. Fellow it's hard to say I would

lean towards. He knew exactly what he was doing, but Donald Trump, for example. I can't think of any direct examples of him using his presidential platform to directly call out. visual stock, but he certainly did for sectors and certainly decade that you know certain investments are going to be going into certain sectors and that would absolutely effect stop prices, but Obi hearted depend because again the language that he used was more broad and vague. Yeah gets. It gets sticky, real, quick it does. By way of you guys have you looked at, What's been going on with Tesla Stock, dear God, it's out sure I like it's just its nuts. I dont like like being a person the things about stocks, a lot. I don't like this feeling. I've had over the past couple of days in thinking about money all the time I don't even know particularly care for casinos myself, I just hero if you have fun with them, have fun with them and just do so, research

simply a short squeeze, is a another thing. That's a little bit difficult to regulate against his will or other ass. It has a huge jump in price and this forces all our book buyers in this example to buy up the sky, to try to stem the flow of financial blood and now, scramble. Only lives the stock higher and higher, and this is why, at one point recently, the cost of game stop stock, which is our I'm twister for the day sword by like as much as seventeen hundred percent, not a hundred and seventy percent. One thousand seven zero zero percent this He didn't seen losses for those short sellers, these laws- that is by the way no foreshadowing could in fear he'd be much much higher than say in Essex fine for

illegal market manipulation. Dude. Do you know what we're gonna do this ban Throughout this episode, I'm just going to tell you what game stop stock because we said three, forty eight before its now three sixty eight, So it's our it's like do you know. Obviously, stocks fluctuate a ton throughout the day up and down like that, but just gonna see where we were. We land hook it skipper what a good time to pause we back after a word from our sponsor may met me being kicked off by telling us if the price is the same always by its bags. Our doubts three, fifty seven three, fifty five this episode of stuff, they don't want you to know is brought to you by file. Hey, do you love a tv, but you hate paying a giant. able bill. Well, guess what fire low is the thing for you follow for just one

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rules or the native environment of game stop stores, and they were already in dire straits way before a pandemic, and so the traditional investors are being rational about this. In their saying, a chair do our short selling think, but they over did it in a worst case scenario. Alot of folks will tell you that somewhere around five did ten percent of a start can be sure that this was not the case with game. Stop You know those investors shorted one hundred percent of game, stop dark more than one hundred percent Ryanair and then it went to more saying on possible. You hit a hundred percent, and then you just can't would not understand housing, not a ceiling. How can there be no sorry than the markets closed on games? Dhabi? You can't do anymore. It's it's like over selling a concert have never understood how you can oversell a concert, or status on an airline right

It just seems like the very basic level of greed. Kind of I don't know what it is their borrowing. These shares right, their borrowing more shares than actually exist and bull. Initially, didn't really didn't really he'd. What's wrong. in committee or DV was saying he invested fifty three thousand dollars in the beginning, and people were kind of market there go while you're crazy, I mean YOLO, do you broke, but don't expect much and then online forms specifically read. It eventually had his back and an online community of stunk Watchers as Tee o n a saw an opportunity to do a couple of things with game. Stop picture, you can see the means picture. The famous Heath Ledger click on the Joker in the night, in dark nights series saying it's not about the money.

Sending a message yeah or the other Joker from the Joker a fantastic video there you can find online or its. I guess it's more of a gift its animated, but they do throughout the whole scene. They're, not the end. the Joker Dozen saying that he does on that, show you you know what I'm talking about. It's it's fantastic in it does speak to millennials and people who are younger. than us and it really hits home and it makes it's why? Why a group of folks who are investing on their own and don't have a lot of assets to their name and don't feel like, don't have a lot of opportunities, because The situations have changed since their previous generation. Why that group of people would want to do this? Yeah yeah? They add a couple reasons. Of course, there's there's a profit motive right. We could make some money offer this. Also

ideological push that, as has some kind of late cognitive DNA common with Occupy Wall Street. If anybody remembers that from a thousand years ago now they want, to damage these hedge funds that make bill means of dollars by betting on the failures of these companies. They also want. To treat this industry. And frankly, if you talk a lot of people involved. Nelson they like games, stop they Agnes soldier for it just like many of us. Listening today, we like the stock, and they also wanted to show the collective power that people with out. Billions of dollars of capital could could exert if they worked together and elsewhere, That's where a submarine called Wall Street bats comes in, and I you know all been having varies conversations about this off ear Wall Street Bets is, is good

portrayed a weird way in the mainstream media. In some ways that Europe, intentionally or accidently misleading. But it's a lot of people. Who are they find themselves is day traders or retail investors, and they were keeping an eye on these companies that had a line of stock shorted and the coordinated their efforts, having DIA these back to buy in times of game stop stock as much as they could and they wanted to drive up the price for this hedge funds and make it very expensive for them to buy These stocks and make good on their short positions, that's the short squeeze in kind of Well, the story is not over yet, but a kind of worked financial Data companies estimate short sellers law, upwards of seventy billion dollars so far, just because of

this short squeeze on game stop and on other stocks. But this is not the crazy part let's look at what happens Wall Street did how they reacted when peasants in the the casino here's where it gets crazy. Yes enter Robin Hood. an app that many of you may have heard from this very show, because we in fact have done some advertising with, Robin Hood in the past. Robin Hood is a investment tool app that folks are able to use to gonna get dip their toe into the stock market. It sort of presented like for the people they very much align themselves with kind of the aftermath and the fall out in public sentiment towards Wall Street after the occupy, whilst free movement and very much capitalized on that mean on the idea, Robin Hood, robbing from the rich and giving to the poor the people its anyone's market out there right

Unfortunately, the this particular story put some cracks in that facade. They ve tried so desperately two to cultivate many of the retail investors that drove up the price of game stop and other. in this, these bundles of of short squeeze. Positions were using Robin Hood to do so. the retail investors noticed something odd, though, when this all started a hit. The fan Robin Hood in other brokers like them or restricting these stocks in kind of weird ways, and when we say restricting We literally mean they were allowing users to buy them. Some EU jobs some users rights to buy existing game, stop stock It would only allow them to sell the positions that they already had Why would they Do this, you might ask where was it out of some sort of you knows and of justice.

the financial markets that no this will not stand or is there? Some in deeper play, or why wouldn't they see? This is a positive because it really is an example of the poor rising up robbing from the rich. Is exactly what Robin Hood as an icon stands for? So by only allowing you some users to sell the stock they already had it allowed. Hedge fund Melvin, which already in dire straits at this point to buy up the stock they had shorted in the hopes kind of reducing some of this damage she now both. Robin Hood and another company old, interactive brokers, also raised, margin requirements, which means the trader needed to have more or collateral in order to me tain that position if they didn't have these outfit saw as the Sorry collateral there

they would automatically have their positions closed out. That doesn't seem very Robin hood. He does it boy, it seems like you, you're pushing out people who were jumping out of bandwagon release, that's it seemed like what they are attempting to do a thumb. Scale, essentially I'd so right. The outcry begins lot of people, who are you know falling victim to this, our crime fowl a valid thing to have a problem with further few years Robin Hood has spent at a time and energy, Picketing itself is something born out of occupied Wall Street, where d retiring finance for all, but it turns out A lot of people are saying me. They feel this may not, as impartial, an institution as it appeared to be There is a very old cliche on the internet, the story

the jet. I would tell you if a service appears to be free to user facebooks, a great example. Then means that you're, not the real customer you're the product, Robin Hood, this popular as its commission free meaning, you can make trades and you don't have to pay to pay a little bit of a vague to make those traits so how that make money and where they do in this for free. Well, they're, taking these trees that these users are making. and their selling the information about those trade to other firms to large firms before these orders are actually executed, and that me that, if you are positions correctly as one of these firms, you can see the trends you can see that the wind moving through the financial forest- and you, as this large firms, can take that info. asian and use it to inform your own financial actions. It's it's pretty neat when you

about the system you get a window into? What's happening, It reminds me of a I've things that we discussed in the past on the show attempting to find a way to tell the future by looking at the past. Closely enough and like right up to the moment, in being able to stimulate something right. This is almost like you can. You can see it that way strain strange that that's what it actually was in. That's all confirmed sleep. That's that's eggs! That's what they are doing that yeah: that's a business model she's, so Robin Hood largest customer is Thirdly, affirm known as sit at all securities knee, apparently tried to bail out Melvin Capital. That's the hedge funds. you're the one who was popping up in the headlights for this shortage of game stop soon. Big fish are buying info from Robin Hood and their inserting themselves into

process into this kind of chain of events between when you, as a customer, make a deal on Robin Hood and when it actually gets executed on Wall Street this is something called order. Flow and advice has a pretty good explanation of this violence. Citadel securities, pay tens of millions of dollars for this order flow but makes money by automatically taking the other side of the order, then, returning to the market to flip the trade, and then it gets to pocket the difference between the to bind the price to sell and less known as the spread. Isn't it meaning that the term spread is another. term they often here and sports betting horse racing me now all of that kind of stuff. I mean that they really are. relying on a lot of the same concepts in terms there's a good case to be made that all this retail investment action,

be happening because of the decline in sports betting during common endemic in so there we there we are. Outfits suited all are supposed to be honest dealers there's most look for the best price for any particular order. I, whether in that's, whether they internalize the order themselves or whether they send it to the market. For why this has not always been the case back in twenty seventeen. They were fined. Twenty two million dollars by the IPCC, because there are rhythms were taking advantage of retail investors when it was purchasing those order flows, we're gonna, pause for a word from our sponsor and then we'll be back to explore more because the

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dot org, slash, integrative primary care, that's mainline health dot, Org, slash, integrative primary care. Little episode is brought to you by Comcast because of covert nineteen internet traffic has spiked, but Comcast is prepared. They ve created a power for network with one simple purpose to keep customers connected since twenty seventeen Comcast has invested twelve billion dollars to grow and evolve a smart, reliable network and now, with many of us working learning and entertaining at home. Their coverage has helped millions, people stay connected when they need it most learn more at Comcast, DOT, com, slash network, Edward Back, which means it's time for what you guys, but my new favour game. Matt Frederick. What is start price of game Stop Game Stock

This moment is three forty, seven: going up and down baby. You never know just a job back really quickly to the citadel thing. It makes much sense. They it's exactly. We are talking about. Citadel is getting all that information from Robin Hood right that order flow of what's coming through and they are there are literally doing opposite to whatever all of them retail peasants want and So that way, it's almost as if its cancelling out why retail Och buyers and sellers are doing it. Since sitting, because now, since we're talking about Stop let's less introduced the next part, this way player has injured. The gate was sound q. I has this kind then cooperated vice has again done some excellent reporting on this and There's a narrative here, that's presented on

fine it's the idea of like the little guy. the person who is not a Wall Street tycoon banding, together with like minded people to get back to get revenge of some sort on the big fish. But the truth of the matter is probably more complicated. It's probably not just like, a kind of a star wars, narrative of the rebels versus the empire. Yes, I am that's because financial system has a time of moving parts and these days it is using Robin Hood, who see themselves. As you know, literal kind of Robin Hood Freedom fighters. Are really just just kind of blips, on the radar, they're, just tiny cogs in a ass, if massive, very, very expensive machine So it's worth mentioning that, whatever profits these day traders end up with on game. Stop it

really, ultimately, a drop in the bucket. The huge firms in the majority of Game stock stock will finally, in the end, still come out on top nata rain. On this whole freedom fighting cannabis ticket to Wall Sri parade, but these entities these massive, too big to fail type firms are our folks like fidelity and black rock and all own millions of game stop shares. Each For example, I think Blackrock own around nine point. Two million shares worth about a hundred four million dollars. That was, its original price back in December of twenty twenty That's going to ass. He see filings that were published this week. That stake now is worth about three point: one billion dollars I hope they sold That is why this was. It leads me to ask something that I asked off off MIKE and I think it's something that maybe really a good answer to buy obvious.

We can see how this fault inflation of the start price can benefit these big fish, but how does it actually benefit the company You know, because it is obviously like a an incorrect. Billina assessment of how company is actually doing because till you think a stock price would be reflective, of how companies doing what there be no futures are their perspective of growth and cetera during their quarterly burnings reports, and that should be tied to some physical asset. A b, bricks and mortar store, you know inventory, or what have you as a? How does this vastly over inflated start price actually benefit the folks that run the game stop company, yet interesting question right how how close we associated are. These stocks, and the actual thing right. It's important to note that you know

an economy alone is not the health, a nation where a country, and start price alone is not always indicative of the act value of the thing right, because what we're talking about This point is kind of an article of faith. We're circulating ideas, and believes in value sway were Betty where believing in a thing or what attempting to convince other people to believe it had thing right, and you like the dollar This is a coupon. We all just sort of believe that it'll work it represents energy and labour overtime than that. the value of the dollar, nor really trading time when you pay Someone a dollar ones, and gives you a dollar. I end this DE. I would argue. This is kind of similar

and you know it is. It is amazing, we're we're seeing story after story of You know a kid just out of college that invest a little bit of money and game. Stop them was able to pay off. You know his or her student loans in almost immediately over the course of a year or someone who is able to buy their first home and it didn't like. They were going to be able to you because I couldn't find steady income, but you know it's. Just it's incredible that that is true in exists. In came out of this whole deal. It is also weird to think that black rock whenever you know went from Scrooge, make duck level You buying a palace on the black sea with greater months, a loser, Putin level. Yet this, I think, that's a really good point that we shouldn't miss here. Even if it Even if some of these individual investors are at scale,

rightly described as a drop in the bucket. That's a life changing drop. That's Amazing, for so many people, right now, as as report, there are many people An online forums were urging one another to hold as Do not sell games in these other stocks, because that would enable these short sellers to get some stocks back to get those borrowed stocks back includes their position, and then there other things that are happening there really weird things out over you guys, but I didn't I didn't, expect NEO Nazis to show up but recognizing opportunities and things are getting even crazier. You're gonna see some circulation of Anti semitic. Conspiracy theories, the old stuff you know keeps coming back around throughout history. I end some p or just trolling- I guess you know and like a fortune, love away. Other people

are spreading. Why I assumed to be their sincere in credit? misguided ideologies and then here's the thing we have to remember we're talking about the internet Annie. We can make already account nobody can log into any forums. can see their whomever they want to say they are, but that doesn't mean it's their real identity. It is quite possible. I would even likely that there are professional traders While we were talking about this before went on air, but if you went to these forums. You will see a lot of a lot of but you will also see a lot of people who are trying to push stock like saying hey in what the the real big thing is: silver right. No, I think you, and I maybe you man I arrive. We talked about this probably had some, talking about silver to us is that correct, yeah

yeah they weren't dimension is a buddy of mine that we're talking offer before we went on about this concept of crypto currency and how its reacting to all of this hoopla and a buddy of mine yes shows talk now he just invested a little bit of money and set them called Doge coin, which is just other of these many different varieties of crypto currency What is a theory? I'm gonna make thou up something that obviously, obviously big one Bitcoin Bitcoin is so expensive that there is really hard to I end to now, unless you been in it from from the ground up This is my buddies rationale and I think it really holds shouldn't it kicks into the silver thing which things it goes a great place to go. He says forms like Robin Hood of restricted trains of stock, like game, stop and AMC and the real short cell extravaganza silver, the mental hasn't kicked off and may never so lots of fired retail day traders. Investors are to trade, something Bitcoin is

intimidating, because the price in is now around thirty K. None of the other car have any sway with the general public except those coin which opened yesterday as is required this less than one cent per share. When I got locked out of game, stop, I looked at the crib. Does that had the most activity? Doge was ahead by country Mile and already passed point no two, which is when I bought in the keeps on red. It are targeting a dollar which would leave me more than debt free before student debt yeah. So it's It is interesting that the way the crypto currency market is reacting to this is just another market that can then be thrown into them the kind of off lay some of these burdens. Seen out for these traders, it causes a lot of action around here. That's one of the big that's one of the big possibilities in the future. Is this going to lead to

even more mainstreaming of crypto currency and there there are tons of crypto currencies out there, let us know which one is your favorite and why short sellers According to the retail investors, short sellers were attacked to save themselves by aging in something called a short ladder attack. short ladder attack is just putting in lower and lower bid prices between yourselves. So there's really a lot of volume on this trade. But it's it's a camouflage thing. It's an illusory move, because now it looks like The stock is plummeting because a bunch of people appear to be trading as lower and lower prices, quite clever by clever, and so this means that not every body might me the retail investor. They purport to be it's possible that

Other factions Wall Street are involved. Wall Street may be eating it oh ok! just full disclosure here, Ben Give me a gift at at some point in our past and when I remembered it I was thinking about it when I was watching all this going down in the news- and I just want to share with everybody in case you- maybe interested. If you like, graphic novels, we're sponsored by this disease of these writers were the artist or image comics. But if your interest, in graphic novels is simple: the black Monday murders highly We recommend this is volume two by the way, but it's about this, the stock market and the truth behind, like black Monday, we, nineteen twenty nine and what happened. You know, two thousand eight anyway, it's real.

Interesting stuff. I highly recommend and no don't feel left out man because spoiler, that's that's the gift. I got you too so surprised why our guide Also, they always is always watching your expression. Why'd, you feel left up. Oh Jos, those expression. I thank you what I as users of the office, I think so so either it's either the opposite make you know what you know. What I feel like, I'm all was too short seller Mably, thereby Monday, my hair, ire, so yeah black Wendy murders, it's it's a wild reed. I love it. I do have to warn everybody that that, like this story, black Monday murders is not yet complete, so creators of if you are listening Jonathan then, let's go yes, please, and why waiting for that story. To conclude, let's look at some of the appeal

for this side, this current saga, here's a client by the way. Three. Thirty. Eight ok, their cheeks, pink pounding There is a class action lawsuit of afoot. Yes, and and did its. It would seem that some pretty could case to be made because, as we mentioned earlier, Robin Hood has this business model aware, like you, said, benefit organs on them for free. Look, further than yourself to see where the where the product is coming from, and the way that Robin Hood Situated where their essentially giving like a first look at these trades to a third party. That I'm sure somewhere in the terms is, is acknowledged by It does seem like a little bit sketchy and then this third party is directly affected by this serve. This run on be no short selling our this squeeze, so the is to be made is that they

misled investors. They misled their user base. Their customer base there is also a question of whether or not citadel actually like pulled the trigger on those actions. Right, that's right, a rumour that there was a call from the White House and said, hey stop letting people Nets with game, stop stop letting people mess with the money. You know that another unwritten in law. I suppose so sit! It all comes out there we and denies any involvement with this is a quote. Sit at all. Is not involved in responsible for any retail brokers, decision to stop treating anyway, that's pretty explicit right, there's not much weasel language in their this lawsuit is directly. in response to the restrictions that were placed on game stop. It was fine, in the southern district of New York, claiming that

being heard, was rigging the market against its customers, you can see the language of the law suit You can see the website of one law firm, that's been engaged here, Chapman, Albin L, L see our Cleveland, they specialise in investments in financial fraud and if you go to website today, you'll see you'll, see this message on the home page that says lake, who's got a good lawyer voice. You know like a good good. I want the good ambulance, chaser lawyer voice. I got Are you a robin or user who suffered losses? Dial Burma the little boy you put in information on this website and so far more than six thousand people have signed up. Six thousand people, and I am sure that will grow as well as others that are attempting to pile on on me.

on these sub ready Wall Street bets. There are numerous posts right at the top right now having to do with exactly that, how to essentially jump onto the class action lawsuit. now we're getting close to the worthy the horizon. I were in that were in the present moment on the precipice of the future and you're, probably wondering some of the same things. We are named Lee. What happens? Next? It's tough to say, because, as we have established earlier inside cases good argument to be made that crime and consequences can be seen as a cost of doing business. After sir, threshold of profit We are with you on that way. Too many times over the years here, where it's just way way way way to profitable to make money in a slightly wrong way, if it's just a slap on the rest for for like two percent of where you made, but here's the thing

Linda being a lot more expensive to actually follow the law and pay for the short selling when their bill comes dear, I think of it. This way. Ok, let's say you're driving somewhere. Was he leg no you're driving we're all in the cart, Werner Road trip and we If we don't get to our destination by, like five p m, we have to pay a thousand dollars oh, that if we go the speed limit, there's no way we're gonna make our destination by five p m. On, let's say: let's see we put the gas. Ought we break the law and we speed fast of that we can get thereby for fifty seven, even get stopped and we get a ticket for speedy. Ticket is a hundred dollars, but we got there before so we really saved nine hundred dollars and the best part no one goes to jail ever sweep

such that's, whereas there is if there is one unwritten law. That's all arrogantly saw all the people in. U S are expected to know and follow this don't mess with them So what happens when people in the casino muscle with the money. is actually really go line firmer from this. The boys, I think we both have watched, is no great comic series from Garth and, as it is done with the money you never get the money they exactly and at this point wanna. Thank everybody who reached out to us as a group as individuals. As we said at the top, I this There is still so much in play right now. The situation is: what's the diplomat where does it fluid right? and we're not quite sure what will happen.

But we ve, seen a nest of conspiracies and yet others? There is also a pretty good argument to be made that the stock market itself is a series of conspiracies your conspiring to money, selling and and trading things, and two to the earlier point made today How closely associated is this with actual, its actual value. You know, and we really need to think bout, the APS that we use to access things into you know make financial. Its actions on and even with the best of intentions. Are the best slogans, are the best ideological framing for an app? We ve learned now that doesn't necessarily mean that's, what's actually represented by the way. Do we already mentioned that site is the squeeze squirrels dotcom, though that Paul told us about it,

he said it at the very beginning. The working well I don't know exactly what the site is from in Flynn T V, inflammatory o MIA, inflammatory e o NEA. No, that is anyway, it's it's just a quick little site here and let you know whether or not squeeze husband, squirrels and currently it has not been schoolhouse I have no idea who is creating the site. Whether or not its accurate wishes very fun to go there and to see that phrase and a guess just just to be safe lesson? Anybody assume otherwise None of what we have said is in any way financial advice. none of it, but we do think it's fascinating. We hope that you agree and we'd we'd love to hear your thoughts. We try to good easy to find us on? Why, yes

this on Twitter and Facebook, where we are conspiracy, stuff on Instagram. We are conspiracy, stuff, show you and find us on the Facebook group. Here's where it gets crazy. You can meet up with all of the conspiracy realist that are hearing this right now, as well as us and some of the greatest moths in history on the yield. Facebook groups, you don't want to do that stuff. We have a phone number you can reach us, try you can call one three three STD w whitey K. You will have three men to leave a message, a story, a missive, a transmission. What have you tried to keep within those three minutes? We ve been getting slammed lately with suggest an and the close you keep to that three. The moral, Actually, you are to get on one of our weekly listener, male episodes. You can also find us on youtube dot com, slash conspiracy, stuff, should

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ass. You knows, you may know me for my award winning work in the music industry with makers stars, like my daughter's beyond, say, lodge and destinies child, I'm taking all my talents and experience to the stage with my new pod CAS Matthew, knolls patent listen to Matthew, Knolls impact every Monday, Yonah, Iheart, radio, up apple pie CAS or where ever you get your pipe cats hi. This is One. Please join me on one. I turn what I'm telling you that I tell you that's why I'm telling you this, because it is your future on from listening to my relatives, neighbours around the kitchen table or at my grandfather, store I learned that everyone has a story in that area. one story has value what you, the persons, hopes and fears where Ben and where they want to go your differences, slip away

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