so you know folks i've been helping
individual investors for more than 30
years in fact i'm heading toward 40 real
quick
so i've seen every possible mistake
firsthand and i've always seen investors
become smarter
calmer and much more determined over the
years and not not just
to be mindless drones you know pouring
their money into slow moving pro
products that are peddled by wall street
you know i mean
these folks they're out there while wall
street and they're doing their thing and
meantime wall street's always trying to
hit home runs with their own money so
i think people have seen through that i
got to be honest i love being part of
this evolution
of the self-directed investor movement i
think it's thrilling and i got an email
that
kind of really pumped me up on tuesday
it came from
someone who's a subscriber and uses my
educational services he said he went
from 120
000 to a high of 1.2 million in less
than a year
i have yet to cash out any stocks except
for the 10 percent profit
designated for christmas donations the
funds i am working with are in my 401k
trading account the book is wonderful
but
a new chapter needs to be added how to
take advantage of hedge funds when they
try to run a company out of business
by shorting it out of existence now you
know the email speaks of taking action
right
it speaks of diamond hands obviously
speaks of trying to level the playing
field
so with that in mind i want to bring in
two investors from the so-called eight
community
and let's talk to them about what
they're trying to achieve in this market
and also
how they feel when the financial media
is always trying to paint them as
menaces
andrew moe uh mo money a youtube host
and
uh also we have with us from uh twitter
space host uh
tara bull hey thank you both for coming
on first just
you know what drew you to this thing in
the first place you know and i'll start
with you tara what made you
focus in on the market particularly on
these uh amc and gamestop those kind of
stocks
well honestly i didn't really know what
i was getting myself into
uh when i first decided to invest in amc
i did i did know about what happened
with gamestop
um and i i guess i didn't want to see
the same thing happen
with a movie theater company i love the
movies my family loves the movies
um i didn't want to see them you know be
pushed down i didn't want to see them
especially during a pandemic right
okay you know andrew i've watched the
youtube stuff you're very calm collected
you have a lot of great
information you know of course you're
not a financial advisor but
you are you are sharing information with
people how did you get to this point
thank you charles with uh from the moon
platoon the andromeda money community
i really appreciate you having us on it
is a story of
when people take a look at obvious
injustice
when people take a look at companies
that have been growing up with them
alongside their childhoods and now
giving back to that exact same company
gamestop and amc
there are 4.1 million apes holding the
float
for a reason on amc side so that's the
reason why i'm part of just one of
millions
uh speaking of which though uh are you
are
do you get upset at all i mean almost
every single day in the financial media
you're called dumb
uh today you were the aid community was
blamed for the broad market
a 36 trillion dollar market they blamed
you
for it being down today i mean how does
that make you feel
i mean it just makes me feel even more
excited it's just more attention on the
movement to be honest um
i feel like people over i feel like
there are plenty of people who still
trust
you know what they're hearing but there
are a lot more people who are seeing
things
the other way now they're seeing things
for what they really are
they know that this wasn't caused by us
um
they're starting to you know realize
what's really going on
charles
okay uh andrew how how do you how do you
grow this community uh you know i look
at google trends and things like that
it's starting to slow down a little bit
i know it's strong
but how do you make it grow even more
charles the
the apes are investing in the definition
of investing so originally
you would go out and say uh there are
buzz words we like to use
fud for fear uncertainty and doubt it's
better to use um a more
commonly recognized word propaganda when
people come into the mainstream media
they expect to be able to trust
people like you silverbacks uh charles
payne fans out there
they are talking specifically about
whether or not oh sorry
no no i mean unfortunately we're running
out of time i we don't have as much time
on the air as you have on youtube
i want to say god bless congratulations
and you're right listen i'm working on
another book
and i've got a whole chapter in diamond
hands and it features warren buffett
uh that is the definition of investing
buy and hold
up and down if you believe in it and you
think the fundamentals work go for it
i'm sick of people dissing and i will
always be on your side andrew tara thank
you both very much and by the way
i've got a public service announcement
that i want to alert all individual
investors
finra is taking public comment on short
reporting and short sales
apes and everyone else if you're seeking
fairness you must make your voice heard
it's regulatory notice 2112 2119 i'm
sorry
i'll post the link on twitter cb cbpayne
good luck to everyone
well another investing revolution that
has seen tremendous growth of course is
cryptocurrencies
uh and it's sort of been embraced by
wall street but there's obviously a lot
of doubts and doubters
i want to bring in a former uh cts cftc
chairman
christopher giancarlo with us and i want
to first say thanks for coming on
uh talk to you about coinbase uh but
before we get into coinbase the company
itself
crypto and its main proxy bitcoin have
been on there pretty wild right he hit
63
000 in april down at 34 000 in maine
mostly sideways
the challenge is amounting environmental
nations defending fiat currency
and it's non-stop campaign negative
campaign out of wall street
how does this how do cryptocurrencies
overcome all of that
charles great to be with you and really
great to follow my old friend and
colleague
larry kudlow you know there's there's
one thing that i think if your listeners
if your followers
understand one thing about bitcoin it's
this
bitcoin is a fixed supply commodity when
you've got a fixed supply commodity
changes in demand patterns can only
reflect can only result in one thing and
that is
dramatic changes in price it's not
possible to dramatically change the
supply
so so price is what's affected right now
we've got
two factors going on that are causing a
dramatic demand
change the first one is as you mentioned
china
which was which was the the forum for so
much of crypto activity and so much
bitcoin mining
is cracking down hard on anything having
to do with crypto with special mining
now that's not
a reflection on crypto what's really a
reflection on china's
propping up its own digital currency its
digital yuan
and therefore suppressing anything that
could compete with it
the result is bitcoin mining is moving
from central china
to central texas what's going on right
now is you've got
asian yeah no
you've got asian investors yeah
okay let's get let's move a little
quicker that's all giancarlo because we
don't have a lot of time
i do want to ask about the volatility
goldman is saying with the sort of
volatility we're seeing that crypto can
never live up to his potential as a
rival
rival for gold or as a currency
what will bring the ultimate order a a
greater sense of calm to the to the
market
well volatility is going to be built
into this asset class for some time to
come but you know volatility is built
into a lot of other asset classes as
well
you know it wasn't that long ago that
oil was was was testing
zero uh price and now it's it's up
approaching 100 uh
dollars a barrel so you know we've seen
uh volatility in other asset classes
alone it's it's as an investment
asset class it's not one for the faint
of heart but that doesn't undermine the
fundamental value proposition
that crypto presents which is a total
revolution
in the way we think about transfers of
value and we think about
uh the the way in which society
identifies things of value in a new
digital age
so i i i gotta go here but i i'm if i'm
reading right the ultimate message is
is that crypto is here to stay
particularly the bigger bigger names
like the bitcoins of the world and
people
they write it out uh it'll be worth the
ride these
ups and downs it's going to ultimately
be worth the ride and not even
not even the power of giant countries
and protecting their fiat currency will
stop this that's what i mean and the
proof of that charles is the amount of
institutional interest that's
moving into this asset class even now at
the reduced price from a few months ago
the honorable jan carlos thank you so
much i really really appreciate it
great stuff and i'm glad to be with you
thank you
hey you know of course you just saw it
there's so many ideas so many trends
we'd love to discuss
there's never enough time i invite
everyone to read my daily market
commentary particularly today it's like
eight pages long
go to wstreet.com to check it out it is
free