All Episodes
Jan. 29, 2021 - The Podcast of the Lotus Eaters
01:29:56
The Podcast of the Lotus Eaters #57
| Copy link to current segment

Time Text
Good afternoon ladies and gentlemen.
Welcome to the podcast of the Lotus Eaters for Friday, January 29th of January 2021.
I'm joined by Callum and man, has it been an exciting week on the internet.
What a time to be alive.
Yeah, what a time to be alive.
This is fantastic.
So before we start, we're just going to shill an article that Hugo published about an hour ago.
It's called Diamond Hands to Mars on LotusEaters.com, where he goes through and explains exactly what all of this is about in good, concise detail that is good for sharing to normies, frankly, to people who aren't plugged into the sort of internet culture and don't understand what's going on.
This will be a good way of explaining it to them.
We'll leave a link in the description after we've finished being live, or you can just pop to LotusEaters.com and get that.
We'll also have a premium book club with Andy Ngo with his book, Antifire and Masked, or Unmasking Antifire, I can't remember which one it is.
Unmasked.
Unmasked, which isn't even out yet, but that'll be up soon.
And we've got various other premium content, so if you'd like to support us, you can go to seats.com and sign up.
But anyway, Callum, what's been going on on Wall Street?
Tell us about the stock exchange.
Wall Street's fighting back.
They're not liking it.
They're losing.
So you guys know the drill.
I want to see some likes, and I want to see some stonks in chat.
Some hype.
So the first thing was that Wall Street has taken a real bad hit out of all of the shenanigans.
So this is Reuters reporting that they've lost $70 billion on short positions.
So it really wasn't just that one financial firm that's lost $5 billion.
Like $70 billion is just gone.
Distributed to the S posters.
To the people.
Yeah.
Comrade.
And yeah, you can imagine losing this much money is starting to make them worried.
So they fought back.
And the way they fought back is by dirty means, because otherwise they're going to fight back.
So we can get the next one up.
This is Robinhood.
So Robinhood is a marketing app that lets you buy and sell stocks through an app on your phone.
And again, just going to pre-afference everything we're saying.
This is not financial advice.
We are morons, just like everyone else on Wall Street Bets.
This is cultural advice, though.
Yeah.
So Robinhood have said that in light of market volatility, we're restricting transactions on certain securities and closing positions.
So this is worrying.
So they essentially just came out and said, if you're wanting to buy GameStop, we're not going to let you do that.
That's really weird.
Can't buy it.
And yet they allowed them to continue selling it, didn't they?
You can continue to sell the stock, but you can't buy the stock.
So the only thing that can happen from that point onwards is the stock becomes less valuable.
Yeah, which would only help the short position, which is the Wall Street position.
Exactly.
The stock becomes more valuable when people buy it, and if you can't buy it, then it can only become less valuable, which means that all of those people who bought GME on Robinhood are now holding something that can't appreciate in value.
They were completely screwed over by this.
And it's done deliberately by the company with the intent, presumably, of protecting the hedge funds.
So there are some accusations, because one of Robinhood's major investors is one of the organizations that took out huge amounts of shorts.
Oh, really?
That they're essentially giving them a backroom deal.
Yes, that's exactly what that looks like.
That's how it looks, and I can't blame people for thinking that's how it's going.
I mean, it looks like the corruption is just out in the open.
And if that wasn't bad enough, the idea that they were just going to stop people from being able to buy and trade their own stock, they apparently started selling people's stock.
So if you had stock, they were just going to sell it and you didn't have to give consent.
Sell it for you?
Yeah.
Despite the fact that you wanted to hold it?
Without your consent.
You wanted to keep it so it could be part of the meme or for it to go up or whatever.
And no, they were like, that's not your choice, that's our choice.
We're going to sell the stock.
That's incredible.
Mask off.
Just mask fully off.
Like...
Imagine if the bank came in to your house tomorrow and said, we're selling your house.
Yeah.
What?
Sorry, I thought this was mine.
I own it, but apparently not.
So this was the rumor at the time that Robinhood has reportedly begun automatically selling shares in GameStop for some customers for their own good.
Oh, for my own good.
Thanks so much.
I mean, I don't own any stock, but from the position of the person who's bought into this because they just like the stocks, how can it be for my own good?
I'm more than happy with it.
Very much reminds me of the meme of, like, I'm from the government and I'm here to help.
Yeah.
You know, we're selling your stock for your good.
That's why we're doing it.
No.
No, no one believes that.
Amazing.
And it wasn't just rumors.
We started getting screenshots of people claiming that, you know, I had 4,500 shares and they've just sold them at this price point against my will.
How do they choose the price?
So it's whatever price is at the market value at the time.
Yeah.
But that's the reason I wasn't selling it.
I surely was waiting for that market value to continue going up, which it undoubtedly is going to when stock shares at trading becomes open today.
Yeah, apparently Robinhood doesn't care what your will is or your property rights.
So let me try and understand this in a very basic way because I'm a complete idiot.
It sounds very much like Robinhood has sided with the Sheriff of Nottingham.
Yeah, that's exactly how it looks.
And people are rightfully irritated about this whole thing.
Oh, real?
I did see...
We'll get into it later.
Go on.
So I saw some people talking about this who know more than us, presumably.
And the next one is a guy saying that this very much might be technically legal.
So the understanding is that apparently in the terms of service, they have the right to do this.
Sure.
Lots of immoral things are legal, though.
That's the selling of the stock itself.
The idea that we're protecting you from bubbles.
Which I can see a reasoning for, but Jesus Christ.
In normal times, sure.
If it was just like, you know, unconnected, just randos who were just like, oh, that looks good, and there was something about it, sure, maybe you could make an argument, but this is clearly not what's happening.
It's clearly the people who know what they're doing.
And the effect is, obviously, anyone who trades with Robinhood or is thinking about trading with Robinhood, why would you?
Like, they're just openly saying, we will sell your positions against your will.
Yeah, you're not in control of the stock.
So, why on earth would you use that app from now on?
And most people on Wall Street Bets are apparently abandoning them.
Because that's been the app that most people use, apparently.
And then this has happened.
So, yeah, this has got to go.
But there's been a class action lawsuit in response to what's going on here.
Now, my understanding is this was filed in response to them saying that you couldn't buy the stock, so that you could still sell it but couldn't buy it.
I don't know if there'll be another one in response to them for selling people's stock.
And again, we don't know anything about the legal side of this.
But we'll find out when all of these things end up going through the courts, won't we?
But people seemingly are quite irritated and think they can win a case and are wanting to go after them.
I mean, it's worth trying, even if it's just to set the decision, right?
Because the decision becomes a precedent, and then that builds on things.
I mean, I personally have set precedents in my court case with Aquila for free speech and fair use.
So if they can get something good on the sort of populist side as a precedent in the courts, that's excellent.
That's a worthy win.
And obviously this is a frightening thing because it's not just Robinhood.
Robinhood tried to defend themselves on the basis of like, oh, well, other people are doing it too.
And it's like, oh, that's okay then.
And this is obviously the point.
It's very much like the social media shutdown of Donald Trump and all the dissidents.
The various different firms have come together and all suddenly have technical glitches or all of a sudden they've all decided that you shouldn't be able to buy the stock.
And it's like, oh, that's interesting.
Yeah.
We can see the class distinction here.
The insiders versus the outsiders, and the insiders are closing ranks once again.
Elon Musk did a good tweet in response to this, saying that this was ridiculous.
You can't sell a house you don't own, you can't sell cars you don't own, but you can sell stock that you don't own.
How does that make any sense?
He's totally right.
Completely agree.
It's obviously a money-making scheme.
And it's also in the exact opposite vein of Robin Hood.
So if you can go to the next one, this is just something I saw Robin Hood tweeting out, let the people trade.
And that is my reaction to one of the podcasts.
Well, we are in favour of that too, Robin Hood.
Why are you against it?
Yeah, so the whole ethos of Robin Hood and the name and all the rest of it is that it shouldn't be stockbrokers on Wall Street that get to do all this stuff.
It should be available for anyone who has a phone.
Anyone should be able to sell.
Well then, why are you not letting them do that?
You better let them buy that stock.
This is your company ethos 101.
The massive hypocrisy has been revealed.
The mask has slipped.
You're part of the establishment and you're just protecting yourselves arbitrarily.
That's what this is.
And the mask comes off a little bit more with some of the interviews that have been going on.
So this was an interview with some guy trying to defend the poor defenseless billionaires who are losing their money.
Oh no!
Someone think of the short-stocking hedge fund managers!
Quick!
So this is amazing.
He's quoted here as he's sort of lamenting the people who are engaging in this as sitting at home with their checks from the government trading their stocks.
Unlike you, who would never take money from the government and trade with it, that would never happen.
Like, it's just mind-boggling!
Like, just, okay!
Like, you guys didn't take a check in the form of TARP, did you?
No!
That never happened!
What happened in 2008, guys?
Who got bailed out there?
Yeah.
Oh my god!
And he says, uh, this fair share is a BS concept, he shouts.
It's a way of attacking wealthy people.
Aww.
Um, why is that bad?
Aww.
Like, I'm not saying that we should attack them on the basis of they're wealthy, but if they...
They've been attacking regular people financially for many a year and getting bailed out for it.
That's sort of the revenge narrative that's going on here, which I'm very sympathetic to in the sense of...
That's because that seems to have been what's happened.
Well...
There's a lot of evidence.
Why does the taxpayer have to bail them out when they mess up in 2008?
Yeah.
I'm fully in agreement that what happened in 2008 was wrong.
Don't get me wrong.
Of course.
But the way I'm looking at this is more that this is the market at play, mate.
It's a way of attacking wealthy people.
We're not all wealthy people.
Because you've got all the money.
You can give it away.
No, no, no.
It's not that.
Elon Musk isn't losing anything.
That's a good point.
It's not attacking wealthy people.
It's attacking people who have messed up their portfolios.
Yes.
Yes.
Yet again, you people mess up, and your response is, well, it's not our fault.
No.
No, you overshort the stock.
You guys are getting screwed by people then realising that, and realising they can get money out of you.
That's the market.
Welcome to Wall Street.
You just didn't think that millions of eyes would be watching.
That's what this is.
They're so used to, you know, no one but them involved.
Anonymity.
So, I've got no sympathy for this.
Yeah, yeah, yeah.
And you do attack poor people.
We can't.
And Elon Musk had a good counter to this as well, which is, here come the shorty apologists.
Give them no respect.
Get shorty.
Completely agree, Elon.
No quarter.
That's what I mean here.
It's not the wealthy.
Elon Musk, you know, that investor we got today was a billionaire.
They're both billionaires.
You know, part of the 1%.
Elon Musk goes full Hank Scorpio.
Love it.
But they're not the ones under attack.
It's not those people.
Yeah.
Because they're not...
He's leading the charge.
They're not the ones messing themselves up.
Yeah.
And there's...
This was a prophecy because, of course, yes, there was defences of this, which is that short sellers are heroes.
Oh, thanks, Forbes.
Thanks, Forbes.
I mean, we know what your interests lie.
Oh, God.
Oh, thank you, short sellers, for destroying GameStop and making sure you make loads of money out of nothing.
This reminds me of the British election when we had Joe Swinson.
They would give propaganda leaflets.
They didn't do that for the Lib Dems.
They gave out a magazine that was Lib Dem Weekly or something.
Labour suck, Conservative suck, but Joe Swinson glows like the sun.
Exclusive interview with Lib Dem leader from Lib Dem Magazine.
It was made to look like a fashion mag or something.
Forbes, the short sellers are heroes.
I can't get over it.
Heroes of the Republic, damn it!
America wouldn't be America if we couldn't extract wealth like this.
Yeah, it's absurd.
So Robin Hood, as I mentioned, had a response to this.
We can get it up.
So this is an interview that he gave.
He did a bunch more.
The one with Andrew Cuomo is probably the best if you're really interested in watching it.
Chris Cuomo actually went quite hard on him.
I watched it this morning.
You know, someone messaged me.
I was quite surprised.
If we're ever in a position to talk to Chris Boomer, I reckon he is the guy who will spill the beans.
Yeah, I reckon so.
He's the one who's clearly sick of Don Lemon's BS, Black Lives Matter's BS, you know, this guy's BS. Chris, I agree.
They shouldn't have called you Fredo.
No, no.
But I reckon he'd be the kind of guy who would call out all the corruption if he was just given a book deal.
Maybe.
So, anyone who's in a position to do that, that's just an idea.
But yeah, he was quite harsh on the guy.
He was quite good.
Yeah, so he made the point that you guys look terrible.
What are you doing?
And their defense was they really didn't have one.
They were just like...
Well, like he says, we were doing this in order to protect the firm and protect our customers, so we had to limit the buying of these stocks.
Protect the firm and protect our customers.
Yeah, as in protect Wall Street.
Yeah.
Who are the customers?
Not the people who are trying to buy.
I'm not in agreement that he views the customers as the people who use Robin Hood.
Exactly.
I think his investors are the people he views as his customers.
Exactly.
So, they're not going to buy this.
Anyway, we mentioned last time as well that apparently the White House saying they're monitoring the situation, and of course people get a bit worried, like, what are they going to do?
And this is the point that they're not bipartisan in this at all.
Or neutral.
Very partisan in this issue of who they side with.
The White House, Democratic Party, Joe Biden, side with Wall Street.
They pay for them, they're going to have their backs on this.
And Fox News correctly pointing out here that one of the members of the White House Democratic Party got $800,000.
It's more important that Janet Yellen is the new Treasury Secretary.
Yes.
First female.
Yeah, the first female Treasury Secretary.
So she's concerned about the government's economic policies.
And she took $800,000 in speaking fees from the hedge fund that owned Melvin, which Melvin's insolvent now, right?
Right.
They're still trading, I think.
They're still trading.
They just lost 40%.
Right.
It's not a big deal.
Yeah.
What was it called?
Citadel is the company or hedge fund or whatever that owns them.
And she took 800k from Citadel for speaking fees.
And it's like, right.
So you can see how not only they're protecting themselves, like Citadel's like, no, these are our assets.
And then they're giving money to the Biden administration.
Right.
fees so what that means is that and obviously we saw like hillary clinton doing loads of these for various like goldman sachs and all these sort of banks where she'd just go there give a 20 minute speech and then get paid millions of dollars which is obviously some kind of way of just sloshing the money out to keep her on side to make sure that she's always working their interest etc etc this is how the sort of you know washington network of corruption works yeah i mean they could have made a campaign donation if they really care about her message or something This is about her personally, exactly.
It's not ideological.
They just want their pawns in place.
So she should absolutely recuse herself from any of this because she's totally bores by them.
That would be the sensible thing to do to say, look, I can't give any advice to Joe Biden on this because I'm obviously compromised.
She refused to take that position.
The White House press secretary said, well, she's taken speaking fees.
Loads of people take speaking fees.
This isn't an issue.
Mask off.
I love it.
I love when the mask just comes fully off and you see the repulsive flesh beneath it.
Yes, we all are corrupt and we are going to defend Wall Street.
Great.
Thanks for telling us, essentially.
And there was a great response to all this obvious corruption, which is that it's sort of a prophecy of what's going to happen.
But the solution to all this is obviously just like we saw the banning of buying stock.
How about we just ban selling stock altogether?
And then we could eliminate all breakdowns.
There would never be a negative day in stock history because we could just ban all selling.
Checkmate.
Because that's how they're looking at this.
The idea that you could just ban buying a stock.
Why not take it to extreme then?
What stops them from doing anything?
Anyone who isn't Wall Street can't buy anything.
Why don't we just do that?
That would solve the problem.
Ban outsider trading.
Ban outsider trading, yeah.
Only insider trading is allowed.
And, you know, good guy.
Anyway, so the guys on WallStreetBets have been holding the line, or at least the interesting ones.
And we wanted to give a quick update to the maddest lad alive, deep effing value, who's trading on this.
this so he was looking at 20 million dollars profit out of his investment yesterday or the day before and then yesterday he updated this post saying that between then you know 24 hours he's lost 14 million dollars and he's just like not selling no just gonna keep it Absolute hero of the Republic.
Holding the line.
That's what we need.
So he's got a total gain.
So from his initial position, he's still up $18 million.
But he lost $14 million in a day, and he's just like, don't care.
Don't care.
Just going to keep holding.
Amazing.
This is the grit.
This is the test of will.
And honestly, I've seen nothing but Universal hold the line.
Yeah, this is all in response to this obvious corruption and the obvious backlash from Wall Street to shut it down.
No.
No.
Not really good.
I just love it.
I love it.
This is the best pitch.
No.
No, I don't have to.
Yeah.
Come and kill me.
It's not going to happen.
Everything they want you to do requires your consent, and if you refuse your consent, then the whole thing grinds to a halt.
I mean, that's what people are finding out here, that if you just all agree no, you can make some moves.
They can remain autistic longer than they can remain solvent, you know?
It works!
And it's not just, you know, one guy who's an absolute mad lad.
There was another one on the forums.
Some guy who basically liquidated all his stuff and he's promising to put in $188,000 when the market opens today.
I mean...
And it's just like, okay!
Salutes in the chat, I mean it!
I can't get over how absurd this is, but this is the financial world.
They've literally doubled the size of the Reddit as well, because it was like 2.9 million when I first saw it, and now it's 5.8 million.
That's only going to go up even more, you know.
Goddamn, they must be afraid.
Wall Street must be terrified.
Well, that's why they're doing these unprecedented things of being like, we're just going to ban all selling.
Sorry, all buying.
Yeah, well, they don't know what to do.
Yeah, and there's a point here.
So someone posted this talking about what the possible endgame is, and it's absurd.
Not going to happen, but it's hilarious.
Okay, it was absurd.
But it gets to the broader point.
But it was absurd yesterday that today would be now.
And it was absurd the day before that that yesterday would be then.
And so...
It was absurd that GameStop was worth $420.
It's still not worth...
It's at $300 and something.
It's not worth that either.
It's ridiculous that GameStop was being valued at like $25 billion.
This is where we are.
So this guy lays out a new game plan, which is just amazing to read because it really puts this all into perspective.
If you could get GameStop price up to $69,420, Wall Street...
What a meme value.
All of Wall Street would be bankrupt.
As in not just one firm, the whole thing would go.
So he's like, you know, the short value would be then $3,200,000,000,000, which means all of them.
All of them would go.
Like, none of them would have any money.
Yeah.
I mean, we say it's never going to get that high.
Obviously, it's never going to get that high.
I hope not.
There's a global recession.
Yeah, obviously.
But it gets to the broader point here, which is that if we want to take this view that this is a nothing burger, I really don't think it is.
I think it's absolutely amazing.
A lot of money is being moved around here.
A lot of people are getting rich.
A lot of people are kind of just burning it for a laugh.
But it sort of pulls the whole thing bare.
The idea that, yes, if we actually did all decide, if we could convince, I don't know, a billion people around the world to just throw money in, and it would skyrocket to this value, you could actually destroy the entire economy.
Jesus!
And John was making the point that this is...
This is, you know, some people have been looking at this as like, isn't it funny and all the rest of it like we have.
Oh, like I am, yeah.
Yeah.
There's a funnier point here, which is this is just essentially all they've done here is made it so that anyone can communicate with the world.
It's a point of the internet that we can now communicate with a third of the planet.
Yeah.
Click.
And if you organize enough people into doing a singular thing at a single point...
Jesus Christ, the damage you can cause is amazing.
Well, it's always the question, if you could organise a billion people in China to jump up and down at the same time, could you change the axis of the Earth's rotation or something?
No.
I'm pretty sure the answer's no.
I'm pretty sure the answer's no there.
But is the question, if you get a billion people to join Wall Street's trading, can you change the axis of the economy?
The answer appears to be yes.
Yeah.
So, yeah.
I'm loving how these little inside clubs that have always existed, you know, they've had their heydays in like the 80s and 70s or whatever, and now it's all massively wide open.
And just every insider club is getting destroyed.
It's why I'm kind of hopeful about the swamp.
Like, yeah, okay, Joe Biden's back in and so forth.
But they can't do this forever.
Like, enough people will just end up waking up.
They're showing everyone exactly what they are, and it's fantastic.
You're absolutely right about the sort of insider clubs.
The media is the same thing.
The media is, like we've been saying for the last 10, 20 years, the media is dying slowly.
But they're an insider club, and they don't like the fact that those outside are gaining any influence.
Yes.
I mean, Epoch Times got demonetized on YouTube the other day.
So what?
They're just like a Christian conservative website.
They're not like spewing Nazi rhetoric or something, but deplatformed.
But it's wonderful, and it's why I'm kind of hopeful, because you can see the media, like, even with all the backlash and all the nonsense that goes on, YouTube giving preferential treatment to CNN, for example, it doesn't really matter.
Over the long term, they are dying.
These groups on Wall Street are dying.
I love how this cultural phenomenon is just creeping into every industry as the internet grows.
I can't wait to see where it goes next.
The deep effing value guy got doxxed, didn't he?
Yeah, yeah.
He's just some YouTuber, right?
He's just some guy, and he looks like Baked Alaska or something.
You know, some absolute meme lord.
That's exactly where I was going with it.
A, obviously these are a group of meme lords, right?
Really big group of meme lords.
Same with people like Baked Alaska.
And these are the people who are bringing the Republic and the world economy to its knees.
Like Baked Alaska running through, like prank calling from Pelosi's office.
This guy goes, on the live stream, whatever.
It's like, what is going on?
The autists are actually going to bring down civilization through the sheer strength of the belief in what they're doing.
Faith is a weapon.
Faith is a more powerful weapon than anything else.
I'm telling you, the 40k memes that are coming out of this, Warhammer 40,000 memes, of just them representing the Orc Warg is amazing, because it's theoretically powered in exactly the same way.
This will work if we believe it works, and so just we'll get a billion of us to believe that it works, and it works really well, and that's exactly what's happening now.
Because that's the thing as well.
We're not dealing with...
The Imperium is furious.
Media, politics, and global finance, none of these things are built on material things.
They're all immaterial social constructs.
In which case, if we can just get enough orcs to go, red paint makes the cargo faster.
Yeah.
Well then, car will go faster.
That's exactly how it works.
That's exactly how it works.
And all of the sort of, you know, the orderly races, like the Eldar, the Imperium, the town, all that, are just like, no, that's not how this works.
It's like, that's exactly how this works.
Democrats are sat around with their charts and their ears of financial trading, like, this is how the market's going to work.
Nah, just goes up.
Yeah, baked Alaska clone bursts into the office, screaming.
Orcs, orcs, orcs, orcs.
Exactly.
Sorry.
No, it's so great.
I look at the chat, the chat's just full of, wah!
I didn't think the destruction of the world economy and political system would be so amusing, to be honest.
Okay, breaking news.
So apparently Robinhood has now dropped a list of shares that you're not able to buy.
So it's not just GameStop.
Right.
They're restricting basically everyone who Wall Street bets were coming after.
So basically they're going to make sure you can't do what you want to do.
Let the people trade, Robin Hood.
Get out of Robin Hood.
Go to somewhere that hasn't screwed over people.
Stop hanging out with the Sheriff of Nottingham.
I'm not even a traitor, I don't know nothing about it, but I can tell when someone's being an SJW. And speaking of narrative realities, let's talk about how the leftist response to what's going on is essentially the response that Grima Wormtongue would have in the ear of King Theoden.
In Lord of the Rings, right?
And I'm not even joking.
This is genuinely an accurate metaphor for what's happening, because what Wormtongue was doing is making sure that Theoden remained weak and passive and inactive.
The fact that he wasn't able to do anything through the evil, poisonous words of Wormtongue, and that's exactly what the leftists are becoming like.
So we'll start, though, with the conservative response.
Now, Ben Shapiro's response to this has been amusing because Ben Shapiro, I watched his podcast on this yesterday, and he's like, I know hedge fund managers.
They're not all bad people, but many are.
So, yeah, I bet you do know some hedge fund managers.
You strike me as the kind of conservative ink that is connected to that sort of people.
But even he had to admit, actually, yeah, most of them are scum.
Most of them are genuinely shark-like scum who are swimming around the waters eating the small fish.
It's like, yeah.
But anyway, he tweeted out, So thank goodness his libertarian instincts have won out here, putting him on the side of good and righteousness and not on the side of worm tongue.
Don Jr.
had a great take on this, which I very much enjoyed.
Hedge funders should really just learn to code or to install solar panels.
Am I doing this right?
I'm told then there's rules.
Just build your own stock market.
Yes, exactly.
Build your own stock market.
And then it started getting really interesting, because Alexandria Ocasio-Cortez chimed in.
Now, she's responding to a tweet by Vice's Motherboard, where they talk about tech, which turns out that half of all Robinhood users own GameStop stock.
And so, that's huge.
Like, when half your user base is at Robinhood...
When they're like, right, we're going to stop people buying this, that's half of their entire user base.
They're preventing from taking this particular action, which should be obviously fine.
And so it's really weird.
Obviously, that seems to be a class attack.
And so her communist instincts jump in as she recognizes the class distinction here and tweets that this is unacceptable.
We now need to know more about Robinhood App's decision to block retailers from purchasing stock while hedge funds are freely able to trade the stock as they see fit.
As a member of the Financial Services Committee, I'd support a hearing if necessary, and she has the power to do something, so she should do it.
And the thing is, AOC, we actually have the answer.
They're doing it to protect themselves and their hedge fund investors.
I mean, the guy just came out and said it.
Again, like all of these things, normally you have to go through a period of discovery and revealing and investigating, but they just came out and said it.
It's okay.
Idiots!
Like the guy from China.
We own Joe Biden.
Yeah.
Like Akilah Hughes.
You know?
I'm trying to ruin him.
It's like, what are you doing?
Jesus Christ.
Like, stop just saying the bad thing out loud.
I'm glad they are, though.
Yeah, me too.
But, like, what a dumb...
I can't get over it.
But anyway, so AOC finally found herself on the right side of an issue, purely through accident, I would suggest.
And Ted Cruz saw this, retweeted it, and said, fully agree.
And this is where we get to see how the left are totally controlled opposition and cannot be relied upon to work in peace and cooperation with anyone ever, right?
She replied...
With this, I'm happy to work with Republicans on this issue where there's common ground, but you almost had me murdered three weeks ago so you can sit this one out!
Happy to work with almost any other GOP that aren't trying to get me killed.
In the meantime, if you want to help, you can resign.
Okay.
AOC. No one thinks that.
No one believes you.
No one believes that you believe that.
No one believes that you think genuinely that Ted Cruz is trying to get you killed.
And you're like, I'm happy to work with Republicans on this issue, but when a Republican wants to come along on this issue and work with you, you say, no, you're trying to get me killed.
You put your tail between your legs and you scarp her away.
Yes.
How interesting.
Yes.
And what's very interesting, we can scroll down a bit just to the next one.
She says, while you conveniently talk about moving on, a second Capitol Police officer lost their life yesterday in the still raging aftermath of the attacks you had a role in.
This isn't a joke.
We need accountability, and that includes a new senator from Texas.
So great.
Now we're talking about how AOC is the victim of Ted Cruz and how she can try to destroy Ted Cruz's career as a politician.
That's relevant.
Timely.
Thank you, AOC. You're so productive.
You're so useful.
But what's more amazing about this is she's using the suicide of a police officer as a shield against Ted Cruz.
But the thing is, she hates cops.
What the hell?
She's like, oh no, think of the poor police.
You want to defund the police, AOC. You were screaming all cops are B-words the other day.
Yeah, like, you literally, when Obama was like, well, this defund the police rhetoric is kind of destroying us, she's like, no, it's the right thing to do.
And then the next one is, she had come out and been like, look, we're not going to, we don't need to talk about how the police force have a white supremacy problem or whether they do.
We know they do.
We just need to determine the scale of it.
I mean, she literally thinks that white supremacists have infiltrated the police.
They've known this for generations.
It's like, oh my God, now we're not even talking about the stock market anymore.
Thank you so much, AOC. Yeah.
And obviously, obviously, if we can go to real clear politics, the amount of division that she alone spawns is incredible, right?
Ted Cruz is trying to murder her, cops are a bunch of white supremacist Nazis, and of course, there are legitimate white supremacist sympathisers in the House GOP. How is she useful in any way, shape, or form?
She is a tool of the opposition.
She is on the side of the people who everyone is trying to hold to account.
She cannot be trusted, and you should not work with her.
She is part of the swamp.
This is why I kind of hate left-wing populism that's going on at the moment, because it doesn't seem to be anything aligned with populism.
She's literally attacking the people who are attacking the hedge fund.
She's a tool of the swamp to keep people convinced that something's happening.
I'm more than happy to believe she's a complete dunce who doesn't understand that she's been conditioned into acting in this way.
I'm totally willing to believe that it's not part of malice on her part.
She's an idiot.
There's no 40 chess.
It's just part of the table.
Yeah, she's an idiot.
She's been trained to do this by whatever various ideology she's bought into.
And now she's attacking the people who are trying to go after the hedge funds that she called out...
Idiot.
Just absolute idiot.
Right.
Anyway, so the controlled opposition continued, like Bernie Sanders tweets out, the business model of Wall Street's fraud.
Yeah, but you're still going to vote for it.
You were at Biden's inauguration.
Who did you endorse?
Yeah, you endorsed Hillary and Biden.
After Hillary actively screwed you in a conspiracy, you endorsed her.
You endorsed Biden.
You sat there.
You got memed at his inauguration because you looked like an old loser in your nice mittens.
You lost your...
Hypocrite.
Absolutely hypocrite.
Controlled opposition who side with the establishment at every turn.
I can't imagine Donald Trump endorsing some Mitt Romney type.
Imagine if Mitt Romney had defeated him or something.
Donald Trump's not going to then endorse him.
No.
Because, believe it or not, Donald Trump actually has some principles in this regard, weirdly enough.
But anyway...
So yeah, Bernie Sanders controlled opposition.
Then the eat-the-rich protesters that turned up at Wall Street.
Look at this.
Look at this amazing sign that they're making with their activism.
Tax Wall Street trades.
Oh, so noble.
You know, the other guys are trying to destroy the hedge funds.
I mean, that's a little more exciting, a little more ethical.
Yeah, they're actually doing things?
Yeah, they're actually doing something.
This does nothing.
Absolutely nothing.
Nobody inside of that building gives a damn about what these people are doing.
In fact, they're very glad that they're out there doing nothing and attacking the Republicans who might do something, rather than actually screwing them over and getting some actual change occurring.
You know, costing them 70 billion.
AOC has never cost Wall Street 70 billion.
These idiots have never cost Wall Street 70 billion.
But a bunch of Reddit autists absolutely have.
So that's where the power lies in this conversation.
And the left, again, just like Grima Wormtongue, this is where the power lies and they're like, oh yeah, but we need to start siphoning away.
No, no, no, we need to make you weaker.
Let's get away from that.
Draw it all away.
No, don't waste your time with these goddamn leftists.
See, I think people really learn lessons from Occupy Wall Street.
And the lessons learned were that you can make such people disappear with words.
Like, you don't actually have to change anything.
You just have to put on a nice show.
Yeah.
Which is why you get, like, you know, the Rainbow companies.
Yeah.
And the Blee LM companies, which, you know...
And then they're all on the side of the international establishment they claimed to hate five minutes ago.
Yeah, and this is the best example of this, where they're all down there doing absolutely nothing.
In the same way that Occupy Wall Street, I'm sorry to say, achieved absolutely nothing.
Whereas the people playing the game against them are achieving things that no one even thought possible.
Yeah, exactly.
Yeah.
It's shaking the foundations of their entire institution.
So if we can go to the next one, Biden, of course, with his flurry of executive orders, bringing back critical race theory, emboldening all this SJW nonsense, Wall Street spent $74 million to back him, not quite as much as they spent on Hillary Clinton in 2016.
Like Hillary Clinton still beats him.
Yeah, exactly.
You're still second fiddle to Darth Clinton.
Wall Street Clinton.
Yeah, just Darth Clinton, really.
She's the emperor of the empire.
But Biden is a useful Anakin Skywalker, I suppose.
But yeah, they totally back him.
So the leftists, and this is the next thing, the leftists are essentially instinctively siding with the hedge fund managers, right?
All of them who sided with him Are complete class traitors.
That's what these socialists are.
Class traitors.
This is Thomas Smith.
I demolished Thomas Smith in a debate in 2017.
But he posted this on Facebook.
And this was actually the most sort of reasoned left-wing position.
So he begins with, first off, F the rich.
And let's have a large wealth tax immediately.
And I don't give a shit about the hedge fund that lost billions at all.
Then why are you speaking up?
If that's your position, why not just point and laugh at them?
Ha ha ha.
The rich are getting...
Yeah, exactly.
The rich are getting their comeuppance.
Yeah, exactly.
I don't own any stocks.
Like, yeah, I'm just like, okay, I don't care.
This is just great.
Let's let the good times roll.
Let's see how this goes, right?
But I love the fact he's like, let me lay out the fact that I'm a leftist who irrationally hates people for arbitrary reasons.
That's what the first line is.
It's a rational hatred of people who doesn't know for the reason that they are rich.
Not all rich people are evil, obviously.
Not all poor people are good.
But that's Thomas Smith's two-dimensional worldview.
And the point I made earlier, this is not rich people being screwed over either.
It's certain kinds of rich people who have screwed up their portfolios and they deserve to pay for it.
Exactly.
It's about how you make your money.
You know, Elon Musk makes his money by producing things people want to buy.
As in, Elon Musk is a legitimate capitalist success story.
And there are lots of criticisms of Elon Musk.
You know, he's not like the world's greatest businessman or anything.
He's made his mistakes, but obviously he's done well because he's become the most wealthy man in the world.
So, you know, it's up and down, right?
Exactly.
You know, they're not producing anything.
They're not creating value.
They're not creating wealth.
What they're doing is sort of like a vampiric extraction of wealth based on other people's failings.
And it's like, okay, that's not right, right?
But anyway, he says this.
Okay, having said that, there's nothing ethically wrong with shorting a stock.
Uninformed people are talking like that very action somehow hurts GameStop, like the hedge fund was trying to bring them down.
That's just what they were saying all over the financial television.
We played the clip yesterday of the analyst saying exactly that.
Now, Thomas Smith is a YouTube atheist.
So, I mean, maybe he knows something about stocks that I don't and shorting that I don't because I don't know anything about these things.
Yeah, well, openly saying we don't know.
But we are saying we don't know.
That's why we were taking the ranting of the analyst who was like, they're trying to destroy GameStop by shorting it.
There was a bit we cut that we didn't get to include and I really should have, in which they then go on to try and claim that, you know, the guy was ranting, that maybe it's a foreign power trying to destabilize our markets.
Just like, every time, every time with these people.
The Russians wish they had this kind of influence.
They wish they had the influence of baked Alaska and deep effing value.
They wish they had the money in the deep pockets of Wall Street bets.
Yeah, exactly.
You know, the Reddit billionaires taking them down.
But anyway, shorting something alone does not do that.
You're merely betting that a decrease could either be correct and make money, or you might lose a ton of money.
Now, there's some evidence that they're trying to use some other method to affect the price.
Maybe there would be something there.
I mean, maybe preventing people from buying the stock to increase the value would count as that, Thomas.
Don't know whether that is important to you or not, but arbitrary exercise of power by the establishment.
not something the leftists are concerned about uh but he says but honestly it just looks that made the very reasonable bet that gamestop is effed in the year 2021 during a pandemic where you can just download every game you want that's completely reasonable i bet a lot of normal people made that same bet and got totally effed in this whole thing right okay so thomas smith has jumped in front of those people attacking the hedge fund managers and gone wait wait wait I can make up a theoretical constituency of people who are actually the ones who are really hurt by this.
Ignore the hedge fund managers.
I bet a lot of normal people made the same bet and got totally effing this whole thing.
That's an alternative reality.
He's just made this up.
He's hypothesized this constituency of normal people that we have got no idea who they are, and he doesn't know anything about this hypothetical constituency of people, and he's removed any negative intent from the hedge fund managers.
Why would he do this?
That's a very interesting point.
I wanted to give the most charitable interpretation of that sentence, which is him thinking that a rando who's watching this happen is thinking, well, I should invest in GameStop, bought it, and then when it crashes in a few days, whatever, then they'll lose a bunch of money.
Again, that's the market, I'm sorry to say, but that is your own fault if you do that.
And also, that's not really happening as far as we can tell.
As far as we were aware, there's no evidence for this.
When a bunch of people start posting regret stories, then there will be evidence.
But, you know, that's the market.
When you sign up to the apps, you are accepting that that's the risk you're taking on.
Yeah, but even then, again, he's made up a group of people that he doesn't know anything about.
He couldn't identify in a crowd.
He's got no way of...
Distinguishing them from anyone else.
He couldn't name a single one.
He doesn't know who he's talking about.
He's just made this alternative reality up, and now he's using it to try and defend the hedge fund managers.
It's like, why the hell would you defend the hedge fund managers?
Like, looking at the past history of hedge funds and the damage they've done to economies around the world, causing a global depression, why would we presume their innocence?
Why would we presume their good intent?
Why are you doing this?
They over-shorted the stock.
They deserve to pay for messing up.
That's how this works.
Yes, you know.
Yes, right?
And so even...
It's clearly greed that's at work with this...
Getting to minus 120% or whatever it was, right?
Mm-hmm.
Even if itself is not unethical or immoral in the individual, like the concept of short-stocking, as in, look, the concept of me punching someone in the face is not inherently unethical or immoral, because it might be in a boxing match.
I might be defending myself.
The problem is whether I'm attacking someone who doesn't deserve to be attacked, whether I'm not justified in doing this, right?
And that's basically the argument he's making.
It's not always wrong to punch someone.
No, it's not.
Okay?
But when you're punching a child, for no reason, Thomas, like these hedge fund managers are, that's wrong.
Why are you trying to remove the moral value of it?
But anyway, right?
When they mess up, it's their fault.
Exactly.
And then he gets the sort of like, well, a bunch of people are rallying to artificially inflate the stock price.
It becomes a Ponzi scheme in which a bunch of people who are going to make a bunch of money and then leave, and those who are getting late are left holding the bag.
And it's like, yes, they know.
That's the agreement.
The agreement is to burn the money.
Yes.
Why do you think deep effing value has burned 14 million?
Exactly.
Everyone knows.
I mean, all of the memes...
There are so many memes.
The woman's screaming, it's like, babe, sell the stock so we make millions.
And the Chad face is like, no, they must pay.
And it's like, yeah, they all know that they're not getting this money back.
No one thinks GameStop is worth 25 billion.
Everyone knows.
There's no future for GameStop.
And it's a really useful porn.
On the board to be used, right?
Like Thomas Smith is shouting in the crowd, it's not worth $25 billion.
Yeah, we know.
Yeah, exactly.
That's why it's possible, Thomas.
But anyway, yeah, so he's crying about the hedge fund billionaires.
Yeah, we covered the guy who had lost $10 billion but still holding the line.
One of the...
$10 million.
$10 million, sorry, yeah, still holding the line.
Some of the comments, though, yeah, it's great.
Yeah, I didn't hear no bell.
LAUGHTER I love it.
I absolutely love it.
Just hold the line, right?
And one of the best comments I saw was, this kind of thinking is exactly how empires are born.
And that is exactly right, right?
If you can sustain your position and your losses longer than your enemy, you win.
That's all of warfare throughout all of time.
And when they fold, if you're still standing, despite the pain, they've folded.
You win, right?
And it's important to remember that every goddamn leftist talking head endorsed Joe Biden, the Wall Street corruption, and what is happening now.
If we can go to the next one, right?
So there are loads of these memes, right?
Like, you know, F Joe Biden, all my homies also vote for Joe Biden.
Vaush, ContraPoints, Hasan Piker, whoever the other plebs are.
Yeah, they all said, all said, publicly, vote for Joe Biden.
And it was embarrassing watching them, like, you know, ContraPoints issue going, well, I guess you're going to have to vote for Joe Biden.
I really don't like it.
It's like, yeah.
Well, then don't vote for it.
Yeah, you're endorsing the corruption.
Like, I'm not going to vote for Mitt Romney if I was American.
I wouldn't do it.
And I'm not going to personally endorse Mitt Romney just as a way of Republicans beating Democrats.
Like, who cares?
Yeah, they're red.
If the Republicans are led by Mitt Romney, then I don't want them to win.
You know?
It's the people who are led by the anti-establishment types.
I want to win.
I've heard from people talking about the Tea Party.
That kind of was the point in the Tea Party.
If you get a Mitt Romney, just stay home.
You don't have to go and vote.
And then you reform the party and you get Trump.
But you guys didn't have the balls to do that.
No.
Not even just the balls to do that.
It's that, really, you all like the status quo.
You like the way that things go.
You like the fact that the nonsense that you guys believe is parroted, unironically, by all of the power, all of the great and good.
There isn't anywhere on Earth...
That doesn't know Black Lives Matter or trans rights or human rights.
Billionaire companies have to tweet this before you get the message.
Exactly.
We're bombing kids in Syria with rainbow-coloured bombs.
It's brilliant.
And you all like it because you all make loads of money doing this.
I always hear this, the criticism of capitalism from a left-wing perspective.
It's like, oh, it's so good at incorporating leftist talking points and therefore it's hard to defeat.
No, you're just part of it.
You are the controlled opposition, mate.
And when it comes down to the crunch, are you going to vote for Trump or are you going to vote for the establishment?
You're like, oh, we love the establishment.
Sorry, lads, but that's what you did.
I had a bit about Biden and Psaki going off that, but I think we're running out of time, so we'll skip that if possible.
We'll save it for Monday, because it was quite important, actually, to be honest.
So we'll save that for Monday, and we'll go and talk about Silicon Valley and how there's trouble in paradise.
Because the thing is, and this is the way that all warfare works, right?
So when there's a great battle and a coalition has to come together to defeat a larger enemy, after the battle's been won, then the coalition is suddenly going, okay, well, who owns what?
Who's in control?
Actually, it's just occurred to me that they're not a threat anymore, but you might be.
And so the power dynamic shift and the struggle...
The new political theater is formed.
The new political theater is formed.
That's exactly the right way for putting it.
And so we'll talk about how things are going on social media, beginning with just the regular person.
Sorry, John's just reorganizing some of the tabs, because we're always going to have so much to go through that we're in need of an upgrade, actually.
So become a member on LotusEast.com, get access to our premium content, and we'll get John a better computer.
This podcast is sponsored by us.
Yeah, it is actually.
Well, which means sponsored by you.
So thank you so much.
But yeah, we'll get John a computer upgrade.
One of the things I love about Wall Street Bets is that the whole theatre of it is not like, oh, I'm winning.
It's we're winning.
It's very much this is us versus them.
Oh, yeah.
It's a very interesting thing to watch.
Yeah, and it's very easy to feel a natural kinship with the people who are involved.
Because like I said, we're on the outside.
I don't use Reddit at all.
I don't own any stocks.
But I really want them to win.
Hmm.
Amen.
Anyway, yeah.
So, this is just, again, me throwing leftists under the bus, right?
Because they all need...
Favorite pastime.
Yeah, literally my entire career, under the goddamn bus, right?
Just all of you.
So, if it wasn't bad enough that they all endorse Joe Biden, who is the sort of current focal point of all this, they've also created a kind of social media regime that is just bad for everyone.
No one benefits from this.
It's not even them that benefit from this, because they'll complain, oh, the surf's got their YouTube channel taken down.
It's like, well, too bad.
Not even sorry.
You get what you deserve.
If you didn't want to get your YouTube, A, free market, they can do what they like.
If you didn't want to get your channel taken down, you shouldn't have talked about that thing that got you taken down, should you?
The video that actually got the surfs taken down for context, people don't know, was them talking about how censorship isn't bad.
They were giving examples of things that were censorship and saying, oh no, this is just a free market.
It's not a free...
The perfect irony.
It's not even off one of the socialist videos.
It's off that video.
Too bad.
Not my problem.
You get what you deserve.
But anyway, the thing about people getting what they deserve, I don't think the people who are currently getting deplatformed or fired from their jobs are getting what they deserve.
This was a young lady called Lucy Skinner, 24 years old, who was fired from her job at the Lease Street store in Liverpool City Centre at Co-op, right?
Where she stacked shelves.
Nothing particularly...
Yeah, I used to do this.
Yeah, I've done this.
Nothing unusual or stressful or political about this, right?
And she had posted a few videos to TikTok complaining about Karen's in the store.
So I would suggest that's totally within her realm of free speech.
She's allowed to express this opinion.
I used to say much worse things about some of the nutjob customers we had sometimes in the co-op.
Yeah.
And, you know, it's just like silly meme videos that she'd made.
You know, nothing in any way, shape or form important.
But because someone reported her to her bosses and they're like, oh gosh, someone's posted something on social media, she got fired.
Just, you know, in the middle of the pandemic.
So it's not exactly easy to find jobs.
It's difficult.
Like how many customers did this particular cop lose?
Yeah, I mean, I'm amazed that the co-op, I guess it's because this is essential that it has to stay open.
So it's not like people have got an alternative to shop somewhere else anyway.
No, but how many of the characters she was complaining about were like, take this down.
Yeah, yeah, exactly.
No one was harmed, nothing happened, but because someone complained about something she'd posted on social media...
It's just this scared response that people do.
Exactly.
And again, it's a cruel time to do it in the middle of a pandemic.
I mean, we're in a massive economic downturn.
People need the jobs that they have, and over a TikTok video.
It's...
Cruel, right?
And then you get people who are...
It gets worse, in fact.
Then you get the next one, which is a lady who was fired for using Parler and Gab.
Wait, what?
The lady, she works for a literary agency, and they found out that she uses these platforms.
Not that she had posted anything wrong on them, but they just found out that she uses these platforms, and they fired her for it.
So the agency is the Jennifer DiCiara Literary Agency in New York, has discovered that this morning, January 25th, one of our agents has been using the social media platforms Gab and Parler.
We do not condone this activity!
We apologize to anyone who's been affected or offended by this.
What?
Affected by what?
Using Parler and Gab, right?
God, it's like if Black Rifle Coffee started firing their interns, because, I don't know, they used Tumblr.
You were drinking Nescafe, weren't you?
No, no, but like, they had a Tumblr account, and they're just like, that's SJW stuff.
Fired.
Based.
But no, you shouldn't do that.
But this is cringe and blue-pilled, but that would be based in red-pilled.
No, both of them are cringe.
Both of them are cringe.
No, I'm joking, I'm joking.
I'm joking.
It's okay when we do.
You've got to understand.
That's the leftist position.
I know.
That's exactly why all of this is happening.
All of this culture, all of this illegitimacy of the king, all of the corruption out in the open, is because the message that underlies the whole thing is it's okay when we do it.
And that's not acceptable.
It has to be one rule for one.
One rule for all.
Like, the leftists just keep going too far, and then they're like, it's fine when we do it, and it's just a race to the bottom.
Yeah, mask off.
We don't care about justice, is what they're saying.
We care about getting hours at the expense of yours.
And it's like, no, that can't be...
A civil society can't carry on like that.
It just can't be done.
If you knock down every tree to get to the devil, when you turn around, who's going to defend you?
Yeah.
So yeah, this lady called Colleen Opheline, I think I'm pronouncing that right, identified herself on Twitter and said, well, thanks, Twitter and the JDL agency.
I got fired because I'm a Christian and a conservative, which probably is a fair summary.
Because why else would that be the problem?
Because Parler was known and Gab is known for being the conservative, and I suppose you could also say Christian, social media websites.
And that's only because...
They got deplatformed from everywhere else.
Yeah, it's not because Gab or Parler are explicitly partisan.
It's just those are the people getting banned from everywhere else.
Yeah, but how did they come to know about this woman having a Parler and Gab account?
Well, some leftists trawled through her Twitter feed, and back last year, in November the 12th, she tweeted that she joined Gab and Parler because they were opposed to social media censorship.
Is that right?
So some leftists dobbed her into her boss, and her boss fired her for just using these platforms.
Like, not even the complaint about the content of what she had said.
Amazing, isn't it?
Amazing.
So, is this...
Is this the kind of society that people want to live in?
Because this is the kind of society that the left have orchestrated and engineered.
This is wrong.
This is not a free society.
This is what John Stuart Mill was talking about.
The tyranny of society and on liberty.
Yep.
Anyway.
Signal is the latest platform that's ripe for accusations of extremism.
And the allegations are coming from within the company.
Employees at the encrypted messaging app Signal are worried about the explosion and growth prompted by movers using rival WhatsApp, which could cause extremism to spread on the platform, which implies that WhatsApp is also rife with extremism.
Greg Bernstein, an engineer who left Signal this month, told The Verge that Moxie Marlinspike, which is a pseudonym for the CEO of Signal, was worryingly passive at the prospect of extremists.
It's not only that Signal doesn't have these policies in place, they've been resistant to even considering what a policy might be like.
And Marlinspike had said...
He told The Verge that he wanted to take a hands-off approach to moderating the app because it was a messaging platform, not social media.
As in, what they're demanding is akin to your phone company...
Checking through what you're sending and de-platforming you if you're sending things that they don't like you sending.
Like you phone someone up, you say something they don't like, take them off.
This already happens on Facebook.
You send a BitChute link, it will be deleted.
Exactly.
And that's what they're trying to get them to do with Signal.
And Marlon Spike, he's not in favor of this.
He says, the overriding theme is that we don't want to be a media company.
We're not algorithmically amplifying content.
We don't have access to the content.
And even within the app, there are not a lot of opportunities for amplification.
He believed that the benefits Signal gave to activists and dissidents outweighed the risk that the extremists might use it.
I want us as an organisation to be really careful about doing things that make Signal less effective for those sort of bad actors, but that would also make Signal less effective for the type of actors we want to support and encourage.
I think that the latter have an outsized...
The bad actors would have an outsized risk profile.
There's an asymmetry here, etc., etc.
So that's a good position.
I mean, it doesn't sound like he's going to be very firm on it when the press finally comes for him.
The sort of like...
The eye of Sauron is on him.
That doesn't exactly sound like the sort of committed free speech warrior that is going to...
Doesn't sound like Andrew Torbert.
Yeah, that's all I was going to say.
He doesn't sound like Andrew Torbert.
Who is prepared to stand in the full view of Sauron's eye as it looks at him.
And this is what we've done.
This is what everyone else has done.
It's a bold and brave thing to do.
This is why these people have the reputations that they have in the eyes of the establishment.
But to the dissidents, these people are legitimately like folk heroes.
And I think they are.
But anyway, so yeah, the trouble in paradise goes right to the top, as we were talking about at the beginning.
Because Zuckerberg is going after Apple now, which is really interesting, in my opinion.
So Zuckerberg has said that Apple has become Facebook's biggest competitor because of what's going on, and is accusing them of misleading the users on privacy and abusing its dominance.
So it's like, oh, really, Mark?
Really?
Apple's abusing its market dominance, is it?
Oh, and you've got a problem with that, do you?
Oh, really?
Didn't have a problem when Parlo was getting shut down.
Didn't have a problem when Gab was getting shut down on Maker Support or Subscribestar.
But now it's Apple doing it to you!
Now it's worth talking about.
So, yeah.
This is the unbelievable hypocrisy of the thing.
Because Facebook owned WhatsApp.
As I understand it, and Apple have their own messaging system, and it's got a huge market share.
I don't know.
I don't care, right?
But the point is, he is accusing Apple of this anti-competitive behavior, which is just massively hypocritical.
And what's interesting is that Facebook also have their own internal, like, free Supreme Court that makes rulings over pages that are removed.
Can we get the next one up, please, John?
Yeah.
Yeah, so I think it's in San Francisco.
Yes.
They're the ones that make all the policy suggestions and final decisions.
Yes, and it's Facebook's new oversight board, and it's just started making rulings.
The rulings are not really that useful, actually, for people in our position.
They're international rulings, it seems.
One was from Myanmar, which is Burma, which said in Burmese, there is something wrong with Muslims psychologically, which was removed for hate speech violations.
But apparently it was a mistranslation, and so the context was lost.
And what it's supposed to say is those male Muslims have something wrong with their mindset, which is a post referring to a sort of permissiveness about what the Chinese are doing to the Uyghurs in China.
But the oversight board has said, no, that's actually acceptable.
It's like, okay, there's something wrong in the minds of male Muslims, which is support for the Chinese genociding them.
And Facebook's like, that's fine.
Put that back.
Another one was a Brazilian one, where they posted a photo showing breast cancer symptoms, which include nudity, which they restored because it wasn't a sexual thing, it was a medical thing.
They removed a post from 2020 containing a derogatory slur for Azerbaijanis, and the board agreed that this should remain down because it was meant to dehumanise the target.
And some other interesting things like that.
Apparently, 150,000 cases have been brought to the board according to its website.
But as an insider previously reported, experts are concerned that the board lets Facebook off the hook since tech giant maintains control of how it implements its policies.
Well, I mean, Facebook owns the independent board that's overseeing them.
So ultimately, they would never do something that really challenged the status quo at Facebook because Facebook could just defund it.
Remove it, abolish it at any point if it wants, because there's no requirement for this to exist in law or anything like that.
But the real test of all of this, if we want to play them at their own game and push their boundaries within their own system, is to submit the evidence of Lord Voldemort...
Being admitted by the Danish Facebook representative to have not sent the posts that Facebook deplatformed him over and asked them to review this.
Ask them to rectify and restore this.
So if anyone can do that, I don't know how that can be done, but apparently 150,000 cases have been brought before this oversight board, so it must be possible to do something.
So maybe Lord Voldemort himself could submit it.
I don't know.
But that would be the way to show that this is either a legitimate thing that is going to enforce a form of rule of law at Facebook, and if it is shown that Lord Voldemort's de-platforming was illegitimate, which I think it was, then if he is restored, which he should be, assuming everything that we think is true and everything that they think is true.
Assuming Facebook's representative in Denmark who's telling the truth.
Then that would be proof that actually Facebook's oversight board has some value.
Otherwise, it appears that it's just going to be a form of like fig leaf.
Yeah.
I mean, this lie about TR, Lord Voldemort, I can't mention his name, is what got him subsequently banned from a bunch of other social medias as well.
And the lie is that he called for the beheading of Muslims, which would be illegal in the UK. And would be in every paper demonising him.
Yeah.
You would see screenshots of it everywhere.
I would like to see the proof.
And hey, don't get me wrong.
If there's proof that Lord Voldemort called for the beheading of Muslims, I'm happy to disavow.
I'm happy to say no, that was wrong.
He was absolutely wrong to do that.
We're not only 99% sure because the guy, the representative of Facebook in Denmark, said it wasn't.
You were on the phone with Mohamed Shafiq, and Mohamed Shafiq was the guy who was having a meeting with Facebook at 1 in the morning, and he said to them, he's a terrorist.
He's advocating for all this, and I asked him, where was the evidence?
And Nick Ferrari asked him, and he had nothing.
He just said, well, Nick Ferrari, and then...
He got triggered, yeah.
Because there doesn't appear to be any evidence.
Lord Voldemort himself claims that he never posted that.
Let's put Bowie on it.
I'll put Personal Bowie.
£1,000 for that post.
Oh, I don't want to bet, because I don't think that post exists.
No, I'm betting my money, because I'm like, okay, Muhammad Shafiq.
Against who, though?
Muhammad Shafiq, right?
Yeah, send me it.
Send me it.
Well, that's the thing.
There's no screenshots, not even fake screenshots.
There's nothing.
There's no evidence at all, but there are a bunch of allegations that he called for violence.
How much of you can produce that?
Yeah.
And if Facebook have said, well, there was no one post, then you've got no legitimate reason to have deplatformed it.
Anyway, let's go on to...
We've got a video message.
That is a lovely meme.
From Kenneth Scott.
I can't hear anything.
There's no sound, apparently.
So the video message was just this meme?
Good evening, people of Gotham, you have 24 hours to turn in the Batman.
And honestly, there was a meme going around of the pink-haired, pink-glassed woman, where literally it was just underneath this, you've got 24 hours to turn over the Batman, or I call you a Nazi.
What are we looking at here?
What the hell is going on?
Oh, man.
Actual Batman villains appear to have taken over.
They're representing Wall Street.
They're representing Wall Street, yeah.
These people defending Wall Street.
You know, the guy on the left saying that they should ban people talking about stocks entirely.
Yeah, yeah.
I wonder what she was trying to ban.
But anyway, let's move on to the...
Hairlines, I guess.
Let's get the Super Chats up and then we can go into it.
I saved the chat from earlier when we were talking about Orcs.
You've got to go back and look at it.
Like, just...
So good.
It's so accurate.
It overlays perfectly.
So, Steven Smith says, "Regarding Robinhood halting trades, I look into it and it turns out that the depository trust company required 100% collateral for any buyers to clear, which can take two, three days.
It turned out that there was so much trading going on that they were in danger of running out of money and causing the whole market to collapse.
You should look into how clearinghouses work." Yeah, I don't know how they work, but I watched a bunch of news reports, you know, sort of clips and things like this, and the question of liquidity was one, which is looking at having this sort of liquid capital.
So yeah, basically it looks like the Reddit bros literally are shaking the entire financial services market and it looks like it's kind of frail.
with Chris Cuomo and he seems to do know something about this.
He used to work in finance, he mentions.
And he's raking him over the coals.
He doesn't seem to have a real answer to Chris Cuomo's questions.
So I think it might be a little bit deeper, but again, not financial advice, not financial people.
Yeah.
And we're not reading out John Simping that's been quite limited on there.
Sorry, John.
We have company policy against simping now, don't we?
Yeah, we do.
We do.
Company policy against simping.
What about when they simp for you, huh?
No, thou shalt not simp.
That is the commandment, the one commandment.
Thou shalt not simp.
That's the right book about it.
I should.
I should.
Why simping is destroying the West.
Why simping is destroying the West.
I kind of want to go on a rant about, what is it called?
Stakeholder capitalism.
Because I think that's actually one of the bigger problems with all of this.
I don't know anything about it.
The employees complaining.
Like, why does an employee have a right to complain about, you know, you guys' platform or something like this?
Why do they even have anything like that?
Yeah.
My understanding, I mean, again, it might be half-baked, which is that stakeholder capitalism is different to normal capitalism, because you have, like, Milton Friedman's opinion is that the social responsibility for business is profit.
That's it.
Great.
But stakeholder capitalism is like, oh, but what about the environment and the people who live here?
I can sort of see the argument.
It leads to such absurdities, like, what about our community?
You know where that goes.
Everyone knows where that goes.
I mean, don't get me wrong, you can become a stakeholder by buying shares.
If Robin had let you.
That's all you have to do.
You get paid.
You can use that money to buy shares.
Then you have a voice.
I don't really care what Coca-Cola does.
Stay within the law.
Make money for their shareholders.
I don't need them tweeting Black Lives Matter.
If they produce a product that I want to buy, that's all I want to hear.
I just want to buy McDonald's burgers, okay?
Yeah, god damn, just sell me the burger, you know?
Just shut up and sell me the burger.
Alright, whereabouts are we?
Right, okay.
Yeah, we'll go through as many as we can, obviously.
We've got a bit of time, actually.
Norwegian money to our British heroes.
Thank you.
Hark, a Swede is once again aping after a Norwegian.
Imagine my shock.
Wish you all a good weekend.
Stonks.
Mike Keo says, best £25 I ever spent.
Tidy microphone cable, tidy mind.
Jordan Peterson would be proud.
Now go change the world.
Good man.
Shadow Rodney, realized game companies equals not the source but the vehicle for greedy shareholders.
Control the stocks, control the market, media, control the people.
Very interesting.
That's true.
God King Trump.
All who have the money to do so, you must buy and hold.
Those without money must spread the word.
Buy, buy, buy, and buy again.
Never sell.
Hold the line.
Not our advice, just to be clear.
Yeah, not our advice, although I was trying to buy some stocks earlier, and it was interesting how it was 90% buy and 10% sell, which...
Seems to be a very, very, very high amount of people buying, with a very, very, very low amount of people selling.
And compared to the other ones we saw, it was much higher buying.
So it appears that most people are holding, which is fantastic.
Mike Kao again.
I know I've mentioned this before, but please have a read of E.M. Forster's novella The Machine Stops, written in 1909.
A look into the dystopian future of humanity, living in lockdown-like conditions.
Write it down.
The Machine Stops, yeah.
I mean, it sounds good.
It sounds like fun.
I'm currently, just for the bike ride into work, listening to the audiobook of Brave New World again.
So I'll probably end up doing a book club on that at some point.
It's really good though, obviously.
It's been years since I've read it.
Nicholas Mousen says, Fellas, thanks so much for the Game Stonk story.
I haven't had so many lulls in ages.
I'm considering becoming a premium member next Monday.
You rule.
Also, I'd rather a BLT than a BLM. Well, me too.
And thank you.
If you do become a premium member, there is loads of great content that I think you'll enjoy.
The Shadowblade says, Hi guys, thanks for the good times and quality content.
Here's my value for your value.
Thank you very much.
A greedy capitalist objectivist.
See, that's what we like.
People are not like, oh, can we have stocks and stuff?
I'm like, no, I don't even know where I'd be starting with that.
What we're going to do is just work hard, produce content that we think you might find valuable.
And if you find value in it, then you are free to express that in any way you like.
I kind of love our system as well.
Just talking about stakeholder capitalism, but we're not that.
We have the position that the people who watch the show and the people who subscribe, they're the people we want to serve.
They're the people we do serve.
They literally are the ones who pay our wages and therefore they're the ones to whom we are beholden.
So you know exactly where our interests lie.
I've never taken any corporate money.
I've never done an advert.
There's no compilation of me shilling products like Ben Shapiro.
And man, I tell you, I'm proud of that.
I'm very proud of that.
It's not the shit on Ben Shapiro either.
No, no, no.
I'm not against it.
It is funny.
He knows the meme.
Yeah, he knows me.
I'm not even against it, but I just like the fact that we can prove where our interests and loyalties lie.
Whereas with Ben Shapiro, you know, I mean, he's probably on the side of...
Secretly on the side of bowl and branch sheets.
But he's always got that foot in the loyalty to the hedge fund managers that he knows, right?
And I don't want to have that loyalty to them.
So if they do something good, good.
If you do something bad, good.
I can point that out.
Anyway, The Civic National says, we like the stock.
To our American brothers, hold.
God save the Queen.
Long live Britain.
Service guarantees citizenship.
Yes, it does.
This is why I was trying to buy just some stock.
I'm happy to burn the money just to say I did my part.
Leon says, to continue to fight back, people are calling and asking Melbourne Capital's Citadel and Robin Hood if they have a copy of Battletoads.
Man, they must have Battletoads at this point.
So what's the reference?
I never watch Battletoads.
What?
You don't have...
Oh, okay.
So Battletoads is a video game.
It's very bad.
It's very hard.
And the joke was you call up GameStop and you just ask them, do you have Battletoads?
And they'd never have it because it's like some old game.
And then you'd be like, do you have Battletoads 2?
Do you have Battletoads that's Battletoadier?
You just keep messing with them until they snapped on the phone.
I'll have to show you it afterwards.
It's so good.
They're worth 20 billion if they still can't get a copy of Battletoads.
Yeah, come on, at this point, GameStop, there's no excuse.
Lagreacus.
When even the worst enemies come together to fight Robin Hood's illegal activities, you know they've screwed up hard.
Yeah, well, I mean, Robin Hood should just never be hanging out with the Sheriff of Nottingham.
I don't know why that's controversial.
Lords Val Zeno says, Stonks, can I get a quick rundown?
I think we've gone through that already.
Alex Holt, we like the stock, we like the stock, we like the stock.
Hope you guys are doing well, and thanks for the entertainment whilst I'm at work.
We are doing very well, and thank you for the donation.
I hope you're having a good day.
An Antihero says, Occupy Wall Street 2, GameStop Boogaloo.
Yeah, it's...
Brilliant.
We've had a good week.
We've had a fun week.
Mike Curran, Mick the Farmer here.
My stock is looking bullish this morning.
Can we do a Wall Street bets type thing on the soup chat and get everyone's soup chat today?
Can you say hi to Rob Dunn, the New York lawyer?
Hi, Rob Dunn, the New York lawyer.
Chris Cousins, who do you think will be the next to leave the EU? So far, Britain has been making a good case, particularly when it comes to vaccinations.
Yes, I know!
Interesting, isn't it?
Britain's actually made a very good case so far.
Hoping France.
No, it won't be France.
France and Germany are the integral components of it.
It's going to be...
Or the Netherlands, maybe.
The Netherlands as well is a potential.
What a pillar of stability, huh?
Oh, yeah, yeah.
So many options for it to collapse.
Oh, yeah.
Yeah, yeah, exactly.
There's so many ways that it could break apart tomorrow.
But, I mean, the Germans like their empire.
They'll keep it together.
They'll pay the money.
Philip Frankowitz says, Isn't it?
Come on!
Like, literally, you've joined the sheriff.
Yeah.
Easy E, the performance artist, says, I like the stonk.
Here's some tendies courtesy of WallStreetBets weaponized memes.
Thank you so much.
I intend to use GME to fund a Lotacies.com membership.
Ah, thank you.
TD says, I'm convinced at this point that the NHS conspired to make the deaths seem high in the UK to get more funding to screw over Boris.
I have absolutely no idea, so I probably have to disavow that.
Anyway, Anthony Murray, I wonder if this story ends with bailouts.
Well, that's the thing, isn't it?
That's the thing.
That's the thing.
If it ends with bailouts, then everything is off.
So the shorts that were initially bought, my understanding is they end at closing tonight.
And if they go under and they get bailed out by the Biden administration...
Then it shows you whose side who is on.
The battle line's been very firmly drawn.
Can't say what I want to say.
And the goddamn leftists are going to join Wall Street.
They're going to.
They already have, and they're going to carry on.
Absolute class traitors.
I hate him.
Louis Carlo says, The words Vice President Kamala Harris anagrams to harassed reptilian maverick.
I wonder what David Icke would make of this.
I'm pretty sure there's going to be an element of numerology in there that also applies that he would tease out.
I personally am not a fan of David Icke.
I like some conspiracy theorists, but David Icke I just don't find very entertaining.
I just don't think anything he says is true.
Anyway, no one.
Not live on the website today.
Hope you get it fixed.
Are we not live on the website?
Oh, we should...
I'mma check.
We...
So we're being told there was a bit of lag, maybe?
Right, okay.
I'm trying to check on the website.
Right, yeah.
I believe they are live.
Yeah, we are live on the website.
Yeah.
Okay, that's fine.
Sorry, lad.
Just delay.
Yeah, sorry.
Robin Hood is the Sheriff of Cuckingham, says Coffee Time General.
That's true.
Nexon, Necros.
Arise, arise, riders of Theoden.
Space should be shaken, shields should be splintered.
A sword day, a red day, ere the sun rises.
Ride now, ride now, ride.
Ride for ruin and ride for the world's ending.
Death, death, death.
Fourth Eolungus.
Yes, that's exactly what's happening.
That's exactly what's happening over at Wall Street Bets.
Don't let the Grima Wormtongues whisper passivity into your ears.
Now is the time for action, and the action is buying the stonks.
Hold!
That's not financial advice, just to be clear.
Which is not financial advice, but it is moral advice.
It is cultural, courageous advice.
You are going to lose money.
No.
Have financial advice.
Lose money.
Yes, because they lose more.
But like I said, we're not financial advisors.
Don't take our advice to anything.
Per Hanson, has there been an update regarding the apps like Robinhood?
Just to be fair, you should look at Lewis Rossman's latest video.
Yeah, I've watched a few of his videos.
He seems to be doing a great job.
I don't know who he is, but he has good coverage.
And there's no particular update yet.
When we get one, we'll let you know.
Deplorable Pirate Captain says, I'm sorry, Mr.
Wall Street, but I lost all my game stonks in a tragic boating accident.
Thank you for the donation, Hebe.
MildPigeon says, Hey guys, can you guys do more UK reports?
I'm seeing more anti-woke MP speeches.
Check out the channel, The Parliamentarian.
Yeah, we're all subbed to The Parliamentarian.
I do think that some of them are a bit tepid, though.
Let's be honest.
Well, maybe we should call them out on that.
Yeah, yeah, we could do that.
Yeah, we'll do that next week.
We'll do that next week.
Chu says, It was a Boking accident.
Oh, sorry.
Real Every Day 504 says, The Guardian, COVID deaths in prison in England and Wales ride by 50% in a month.
Me, ah, they just needed more lockdowns.
Prisoners are too free.
Yeah, exactly.
Like, if in prison it doesn't stop the spread of the virus, then come on, do we have to live worse than that?
Just reading the chat, the more money you lose, the better the world is.
Yes.
Oh, God.
But it's the worst it gets for Wall Street.
The worst it gets for the Biden administration.
The worst it gets for the leftists.
The traitor leftists.
The right-wing advice to win the culture war is burn all your money.
Because for every dollar you burn, you boil a ten of theirs.
So, you know, and then you can leave the little leftists, the Biden administration, on the little ashes.
They'll be holding the check.
Joker style.
It's not about the money.
Oh, God.
This is not financial advice.
It is.
But that's the point.
It's moral advice.
It's not about the money.
It's about the message.
Anyway, Sheikh Silver says, Koopman was crying on CNBC because he cares.
Also because lefties like Elizabeth Warren were buying billionaires hedge funds like him.
Boo-hoo.
Yeah, exactly.
At this point, we didn't have that clip, actually.
The guy literally...
Oh, no, that's not in reference to this.
That's an old clip.
I deleted that for being fake news.
Damn, that's fake news.
Robinhood and other microtransaction apps are ways to incrementally extract wealth from the plebs.
The customer is a hedge fund just like you're not the customer of Facebook.
Yeah, exactly.
It wouldn't be free if it cost them money, right?
If it didn't make them money.
You are the product in these things.
Orion Agape says, Stonks, am I right?
I believe you are, from all indications.
Griffin Lawrence.
There's a great video about Weeble CEO explaining all of this on the YouTube channel Benzinga.
It's really worth listening to.
Gain a lot of knowledge.
I guess but that's a recommendation.
Yep.
Deplorable Pirate Captain.
I get the feeling that a bunch of billionaires boomers just discovered 4chan because of this.
They need Nitro Tab and Fresh Depends.
I don't get that last reference, sorry.
Wayne Burdett.
Surprised by them selling stock they don't own?
Wait till you find out banks lend money that doesn't even exist.
Yes.
Yes, it does.
True, yeah.
Let's get into the question of fractional reserve banking while we're at it.
A deplorable pirate captain, place your wages, billionaires, boomers versus internet sim hornets?
Tism hornets.
Yeah, well, look, you know, like, you know, nigbigger69 on Reddit has just become the latest Wall Street stock billionaire, so, I mean, maybe we'll ask his opinion.
There were some, like, financial analysts doing that.
It was like, according to Thick Dad's Club...
Or, like, deep effing value has lost 10 million dollars, you know?
You should have stayed with it today.
Yeah, exactly.
You should have stayed with it.
Exactly.
It's just like...
I love it.
Mean magic is real, man.
I'm telling you, it is the wag.
Yeah, go on.
Yo, haul it together.
Hoist the stonks high.
Heave ho.
Thieves and beggars shall never die.
Never underestimate the power of stupid people in large numbers.
That's definitely a proof of that.
Astro Kitty for an emoji, thank you very much.
Holding the line AMC, get bent Wall Street boomers.
Diamond Rocket, Diamond Rocket.
They are too dumb and slow to react to the free market retail traders, so they just cheat.
Certainly looks that way.
Correct.
I wonder what the stonks are distracting us from.
Yeah, I am a little bit worried at the same time, you know, what's going on that I'm not paying attention to.
Yeah, but what we're all focused on here is, like, the root and branch of corruption across the West.
Yeah.
I don't know if anything is more...
Yeah, these are the roots and the trunk of the tree.
So, you know, that's why they're getting so afraid.
Robinhood sold people's GameStop shares at the lowest value for the day.
That's scummy.
Not the value of the time they sold it.
That's really scummy.
I watched Meet Kevin, who does investment courses, follow this last night.
Yeah, if you want investment stuff, go elsewhere.
That's not for us.
We're here to cost you money.
Michelle Obama made a donation.
Oh, thank you, Michelle.
Madam First Lady.
Lady?
Anyway.
We're going to be polite.
She's just given us 50 Australian dollars, which is like three pounds.
The fact that Wall Street bets have done a better job at eating the rich than the socialists really just goes to show that they're comfortable serfs.
Exactly.
Great.
They just want their guaranteed paycheck while getting bent over by their corporate overlords.
Yeah, as long as the corporate overlords say trans rights, they're happy to get absolutely shafted.
Total class traitors never trust the leftist.
Just wanted to mention about Michelle Obama.
We have an interview with Ryan Hartwig, which people should go read on LotusEars.com.
We don't have Michelle Obama yet, then.
No, we don't have Michelle Obama yet.
But he used to work in content moderation for Facebook, and they had to have a debate about Michelle Obama.
So if there's a man, and the underwear is tight, and there's a bulge, you have to censor that as a content moderator.
And then they started having a discussion in the break room about whether or not they should do this with Michelle Obama, because you could see bulge.
Yeah.
It's like, well, if there is bulge on a woman, is that wrong or not?
And then they eventually had to come down on the side of the agreement that she's a woman, therefore it's fine.
But they seriously had to have this out with corporate, where it's like, wow.
I mean, that is a hell of a bulge.
Go read that interview.
It's great.
There's some good stuff in there.
Elon Musk is buying Bitcoin.
Yes, he is.
I saw it went up by $1,000, and John made 100 quid doing that.
So...
Yeah, good for him.
This is literally The Great Reset, and we will do it.
So I posted an amazing meme on my Gab account.
John, can you get it up, in fact?
Just on Gab, if you go to my Gab account.
I'll read a couple of words.
I don't think you can.
Oh, yeah.
Okay.
So EZE, the performance autist, trillion-dollar banks with world-shaping economic sway, exists.
GameStop.
Best I can do is $5.
Maybe $8.75 in store credit.
Philip, weird name.
Sorry, it's long.
Frankowitz.
Polish.
Orcs together, stronk.
I love the orc memes.
It's just the power of belief.
Go down a little bit.
I'm posting too many memes.
Keep going down.
I'll explain it afterwards.
This one.
You can get this one up on the screen.
This is what's currently happening with the great autism reset.
Dear billionaires, you will own nothing and you'll be happy.
So the world economic friends.
This is all of the narratives, like harmonizing into one, which is a subject I'm probably going to explore more.
But this is how this is going.
I know, because it's happening.
Autism is my superpower.
No, it's that everything is like white supremacist, everything is this, everything is that, and it's because everything is becoming the same.
And the serfs, you know, the left-wingers, contrapoints, they want you to own nothing, because they are happy owning nothing.
But they're also making bank on telling you to be serfs.
So it's like, right, okay.
Anyway, let's carry on.
Let's get back to the superchats if we can.
I just love that meme so much.
Dear Billy Ness, you'll get nothing and you'll be happy.
Anyway, weaponized autism is better than the atom bomb.
We like the stock.
You certainly do.
I'm kind of enjoying 2021 Let It Burn.
Yeah, it's getting off to a good start.
The internet will disrupt every single corrupt oligarchy on Earth eventually.
Yeah, I saw even Putin was talking about this, and that makes me laugh because these tendrils seem to be getting into the rest of the world.
Not only that, I saw an interview with Putin where he was saying how the Davos project of a centralised global order has failed.
And it's already failed.
And what we're seeing now is the failure in progress.
I hate to agree with Putin, but if he's saying something right...
If he's right, he's right, isn't he?
Robin Hood rationing stocks.
Get your GameStop ration!
Already the Ash Sarkas are cheesing at capitalism failing without realising it's only possible through communist tactics.
Yeah, exactly.
This isn't capitalism failing.
A bunch of hedge funds losing their money is not capitalism failing.
That's capitalism winning.
Exactly.
That's exactly it.
I've got Ash Sarkar on the side of hedge funds.
Yeah, exactly.
It's so good.
Exactly.
All of the leftists are on the side of hedge funds and Joe Biden.
Dude, capitalism fails.
The establishment's losing.
That's the point.
That's the whole point of the system.
Yeah, when someone's deplatformed, they're like, oh, well, that's the free market.
No, it's not the free market.
No.
That's a socialist ethical system.
Anyway, yeah.
Such a good point.
Thank you.
It's literally Hayek's creative destruction.
China are now refusing to accept British overseas passports from Hong Kong.
I say give them British citizenship and passports now.
We are, I believe.
Yeah, I think hundreds of thousands have been given them.
Finally, up early enough to catch the podcast live, heading to a physical for my US naval commissioning package.
I don't know what that is, but I don't know.
My mind's going somewhere else.
Being commissioned in the US Navy, it sounds like.
Yeah, that's not what my mind was.
Congratulations.
Cheers, gents.
Love the content.
Absolute heroes.
And good luck in the Navy, man.
Yeah, man.
Thank you for your service, I guess.
Time to get hashtag Sherwood Exodus to trend.
Would it be a Sherwood Exodus?
Well, that's where Robin Hood lived.
Everyone's going to the forest, aren't they?
Well, no, that's where Robin Hood lives, and now apparently he's let the sheriff in.
Oh, like Parlex.
Robin Hood's business model involves selling your trade information to high-frequency trading firms before they post your trade, not hedge funds per se.
Yeah, that's really scummy.
I saw some talking about this, but I don't know, so I didn't want to say it.
Yeah, don't take any financial advice from us.
Yeah, but if that is true, you think about how bad that is for a second.
They're taking a sample of the market and then selling the information a millisecond before to a high-frequency trader.
Yeah, so they can make more money.
It's rigging the game.
Yeah, it's just rigging.
Someone should go to jail.
Yeah.
Marks appealed to the wrong demographic.
Autists of the world unite.
Yeah, he really messed up.
If GameStop equals $1,000, Elon Musk will put GameStop logo on one of his rockets.
Excellent.
Come on, lads.
See, I'm definitely going to buy at least one.
I don't care.
A message to the lads.
Hold the line to the moon.
Yes.
That's his opinion.
I'm not taking any chances with this.
Warg, thank you very much.
I love the Orc memes.
If the Zodiac Killer wanted AOC dead, she'd be gone.
Disavow.
I love how he's embraced the meme.
Even Ted Cruz loves it.
Sargon, when are you going to support Kekistanis for the national census?
I suppose we are.
You mentioned this in a video on your Thinkery channel three years ago to make the government recognize us.
Great vids.
Longtime supporter.
I guess the moment's kind of passed.
No, the census, I think, is being undone.
Yeah, yeah, but the meme is kind of passed.
Well, if I get it, I'm putting Kekistan.
Yeah, sure.
Why not?
Do it.
It's funny.
But, you know, we don't have influence over the country, which is just us guys.
But, I mean, it'll still be funny.
All of a sudden, Trump's Corponeal presence?
Corporeal presence not required.
Hashtag Trumpism.
Yeah, the beast that Trump has unleashed is on the march.
Well, we got rid of Orange Man and everything.
No, no.
That wasn't the problem.
Orange Man was just a facet of the problem.
He was just a representative.
Yeah, exactly.
The forces didn't go away.
Sargon, how would you unlock the economy of the north of Britain?
I don't really think I have the time to answer that question at the moment, and I'd need to do a lot of research.
Do you have an opinion on it?
Not really, no.
Like, where's your five-year plan?
I just don't tax them excessively would be a start.
Yeah, free market economy seems to be worse.
Milton Friedman, my man.
Yeah.
I know several people that believe AOC murder fantasy, and our lefty media loves her.
Yeah, it's weird, isn't it?
AOC's murder fantasy?
Yeah, so they believe that her fantasy is true.
I assume that's what he's going after.
That she's under threat of being murdered.
Oh, right, right, yeah.
Well, I mean, she's the one who's incited terrorism.
Yeah, she's caused two terrorist attacks.
Exactly, yeah.
She has caused...
One on Scalese and one on...
Ice facility.
That was it, ice facility.
And, yeah, people have been shot because of her.
A man has died because of her.
She can retire, frankly, as far as I'm concerned.
She's dangerous.
Harry the Human Substitute donated.
Thank you very much.
Stocks for the stonk god.
Yeah.
This is the greatest warg the flashy gits on Wall Street have ever seen.
Yeah.
I can't do it all, boys.
But that's a good try.
I wouldn't be surprised either way if Ted and AOC agreed that the tweet exchange in advance or not.
Yeah, I do wonder sometimes how close these people are.
Because I don't want to say too much, but there are some people who have doubts about Ted Cruz as well.
And I'm not entirely convinced of Ted Cruz's legitimacy.
He seems fine.
He seems to do everything fine.
But it's the thing with politics.
It's impossible to trust a politician.
It could well be just a front.
Yeah.
Left-wing populism aims to control institutions so that they can force different corporist elements of society to act in concert with them.
Yes, they do.
They want to put a bureaucrat between every interaction that human beings have.
That's ultimately what they want.
To do that, you have to have control of massive tyrannical institutions.
London money for our Swindon heroes.
Thank you.
I actually agree that being the Kingdom of England again is really appealing.
Yeah, me too.
We might be able to reclaim our flag and be proud of our heritage.
Exactly.
And let's be fair, England needs fixing.
There are a lot of problems in England and we never get to talk about them.
We always have to talk about the problems in Wales or in Scotland or in Northern Ireland or whatever.
Maybe they can just be the arbiters of their own fate.
That's a great way to put it.
I'm very much looking at Scotland and thinking I've got my own effing problems.
Yeah, I just don't have to deal with the SNP anymore.
God, I don't care about independence.
Everyone knows the trend towards distractions of radical and systemic...
Racial and systemic social justice issues only took off during Occupy Wall Street.
Yeah, well, I'm going to talk about that next week and next Monday.
Did you get the link I sent you?
Yeah, I've got a bunch of stuff for next Monday's podcast where we'll talk about all this sort of stuff.
Because, yeah, you're not wrong at all.
And it's all like the corporate media that ginned up and introduced all of these hugely divisive issues to literally destroy the Occupy Wall Street movement.
And it absolutely was what happened.
It got ruined by identity politics.
And we have the data.
Yeah, we have all the data.
We've got the graphs.
We know exactly what happened.
Listen to someone like Tim Pool, who is on the ground in the moment when it was all happening, taking part.
It's like, look, this is just cut and dried.
But anyway, we've got to hurry up, apparently.
So Eric says, please correct me if I'm wrong.
The reason my British pound was not absorbed by the euro is because George Soros shorted the pound and called it just for the euro making billions.
Yeah, there's also a total objection to it by the British public.
The British public just didn't want it because the pound is ours.
George Soros didn't help.
Yeah, yeah, he didn't help.
But I don't think they would have done it even without George Soros because it's our pound and we're not giving it up.
Alexander Alexandru says, the white tree of Gondor must from time to time be watered with the blood of Uruk-hai and Easterlings.
I think I have to disavow that reference to a meme.
You have to disavow violence based at Gondor.
Yeah, fictional fantasy violence we have to disavow.
Don't be racist towards the Uruk-hai.
They're here to integrate.
We're all immigrants in Gondor.
Salamander says the problem isn't shorting generally, but the way they did it.
140% of his existing stock with no risk management at all, intending to destroy GME. So, Thomas Smith, BTFO'd.
Get what you deserve.
Harry, the human substitute, £10.
Thank you.
Thug Life Bear, shorting does do that.
That's why the number of shares borrowed exceeded the number of shares existing.
They never intended to pay those shares back.
Oof.
Crystal Rose, don't forget to spay and neuter your pets.
Okay.
Off topic.
Yeah.
Jerry Wiggins.
Hold the line, I think that is.
Hoddle.
Eastern European.
Wanna bet it's just a matter of time before we hear that Wall Street Bets has been infiltrated by the Kremlin.
We already heard it.
Yeah, we've already heard it.
They're already a bunch of white supremacists who are controlled by Russia who, you know, like total nonsense.
So predictable.
Yeah.
Next on that cross.
Anyway, how's your sex life?
Like a business?
Yeah.
Harry the Human substitute for £50.
Thank you, man.
Weird, my Superchats aren't sending the text.
Shame.
Well, I know you don't like anime, but that's a shame because you're missing out on MHA and AOT. Stalin and Eren did nothing wrong.
And cannot help but all for one would love this chaos.
I don't get those references.
Sorry.
Pseudonymity says people are rolling out for a 21st century beheading of the king and GameStop stonks is the guillotine.
Yes.
Again, it's all mythical at the root of it, I'm telling you.
WMMA Scene Now says, buying GME is Siege Warfare right now.
Hold the wall.
Yes, it is Siege Warfare.
Hold the line.
Seb Spears, buy GME and hold the line.
Harry the Human Substitute says, for Gork and Mork.
do 89 says you probably won't see this button watch your contents is around 2013 it's not much but puts what that's a new computer thank you very much and I did see this Jared Wagner says funny how known is defending Robin Hood as a private platform that doesn't have any obligations to treat all this users and content equally yeah Jeremy McDude glory to the tender man Also, with your blessing, may I give you free advertising by putting a logo on my race car.
Southeast Iowa for P-O-T-L-E. Yes, podcast The Lotuses.
We probably won't sue you.
You'll be fine.
Yeah, no, obviously no one's going to sue him.
Yeah, no, you go ahead, dude.
Daniel J. Carica says, I'm in Facebook jail for telling someone what I think about them.
K-USSR's national anthem.
Here is tea and biscuits money.
Thank you.
And simping for Hugo ended.
I now simp for Mick the farmer.
Jesus Christ.
Export Selection