One of the most interesting things that we have seen happen in this country at a very
long time happened this week.
When folks from Reddit got together, saw that game stock, uh, game stop stock, excuse me,
game stop stock was being shorted by investors.
Now I don't want to bore you with all the intricate details.
It's very hard to understand exactly what all that means, but to put it this way, um,
investors were shorting the stock that they, uh, had been lent.
And then once the stock price goes down, down, down, down, down, then they all scoop it up.
They make a big profit off it.
When they sell it afterwards, they artificially drive prices higher or lower to benefit themselves.
It's a casino, they're gambling, and they all get together and they all do this with
their little hedge funds.
And then Redditers said, Hey, if we've each got a little bit of money sitting around,
why don't we do this and save game, stop and force these people basically to go out of
business.
And they did.
They caused billionaire investors to lose, lose billions of dollars.
Hedge might actually be going out of business because of what they did.
It was phenomenal.
It was remarkable.
So what they did is they came and they bought up all the cheap GameStop stock, uh, before
the shorters could come back and buy it, drove the price up well, over $600 a share.
And then they attempted to do it with other stocks, uh, AMC and a couple others.
But the GameStop one is really the one that kind of sealed the deal.
So again, it proved that wall street, the stock market is nothing but a casino for rich
people, and they don't want us playing their game, but Reddit, uh, Redditers got together
and he said, you know, we're going to play the game and we're going to play it by the
same rules you do.
And then the second thing they proved with all this by actually bankrupting, these hedge
funds is that all this wealth was imaginary to begin with.
It didn't actually exist.
You know, when we think of wealth, we think of people in mansions, people, driving Maseratis
people with billions of dollars sitting in a bank account.
But apparently for a lot of wealthy people, that's not what it is.
It's money that doesn't even really exist, tied up in a stock market.
That's also a completely made up thing and they sell things and buy things without ever
actually exchanging any money.
And the things that they're buying and selling aren't even tangibles.
It's all a Mirage it's fake.
And it was exposed this week by a bunch of people from Reddit.
That's remarkable.
Now the sad part of the story is that obviously regulators are.
You know, you can do pretty much anything in this country you want, except for cause
rich people to lose money.
If you do that by God, they are going to come after you.
And they did think of Bernie Madoff, right?
Bernie Madoff was doing his little, a Ponzi scheme at the same time that other big banks
were over consumers committing all these crimes.
None of them went to jail, but Bernie Madoff, who was taking money from rich people did
go to
Jail.
And
Every time rich people lose money, new regulations come in to make sure that doesn't happen again.
So yes, uh, the Robin hood stock trading app, uh, gets like shut down for a while.
There's new rules saying, well, you can't do GameStop anymore.
We're not allowing to trade trading of that or, or AMC.
They're now trying to come up with actual congressional regulations.
You know, they're begging Congress step in and do something.
They're also begging Congress step in bail us out because none of it was real.
None of their wealth actually existed.
That is what the stock market is.
It, it is no longer a method for companies to raise capital, to reinvest in themselves
and grow.
That's not what the stock market is.
That's what it was supposed to be.
But it's not what it is.
It's a giant casino meant only for rich people.
And it got exposed this week because non rich people finally decided we're coming into your
casino and we're going to do the same thing
You do.