WEBVTT - Open All Schools Now 0:00:01.520 --> 0:00:06.199 This is the Buck Sexton Show podcast. Follow fuck on Facebook, 0:00:06.360 --> 0:00:10.960 Instagram and Twitter. The peasants have grabbed the torches and 0:00:11.000 --> 0:00:15.280 the pitchforks, and they are going after those hedge fun 0:00:15.560 --> 0:00:20.200 fat cats. My oh my, this is quite a story, friends, 0:00:20.239 --> 0:00:22.960 even if you've never traded a share of stock in 0:00:22.960 --> 0:00:25.920 your life, even if you could care less about what 0:00:25.960 --> 0:00:30.640 the markets are doing, because in our increasingly online, digitized, 0:00:30.720 --> 0:00:34.800 and electronically controlled world, this is the first place we've 0:00:34.840 --> 0:00:40.640 seen a populist uprising against the extreme control that we 0:00:40.680 --> 0:00:44.360 have all been subjected to over the last year. It's 0:00:44.400 --> 0:00:47.720 existed before that, of course, but given the COVID lockdowns, 0:00:47.760 --> 0:00:54.440 this new Biden era, the authoritarian impulse from social media companies, 0:00:54.960 --> 0:00:58.960 online providers of all kinds of services, the Democrat Party, 0:00:59.560 --> 0:01:03.360 the new media, and now as we see the Wall 0:01:03.400 --> 0:01:07.520 Street barons, that has become too much for people to bear. 0:01:07.760 --> 0:01:10.280 So what's really happening here? As I speak to you? 0:01:10.280 --> 0:01:14.720 You have enormous moves in these stocks, billions and billions 0:01:14.720 --> 0:01:18.520 of dollars changing hands. And what's so interesting to so 0:01:18.640 --> 0:01:22.759 many people is that, all of a sudden, it's as 0:01:22.760 --> 0:01:25.480 though we were all sitting at a poker table and 0:01:25.640 --> 0:01:27.560 on the one side of the table, you have these 0:01:27.560 --> 0:01:30.080 hedge funds and they're already very rich. These people make 0:01:30.120 --> 0:01:32.600 a lot of money, they do very well. But it's 0:01:32.640 --> 0:01:35.000 never enough money. You see, once you make your first 0:01:35.040 --> 0:01:37.160 ten million, then you got to make fifty. Once you 0:01:37.200 --> 0:01:39.320 make fifty, you gotta make a hundred. But when you 0:01:39.480 --> 0:01:42.720 amass all that cash, what do you do with it? Well, 0:01:42.800 --> 0:01:46.600 you have to buy social credibility with it. So who 0:01:46.640 --> 0:01:49.840 do you donate to? What do you give money to? Well, 0:01:49.920 --> 0:01:55.000 for one, democrats, left wing causes, climate change, activist groups, 0:01:55.680 --> 0:01:59.680 right organizations that say they're about harmony and unity, but 0:01:59.720 --> 0:02:03.200 are about the suppression of free speech. You know, maybe 0:02:03.360 --> 0:02:06.040 you give some money to the ACLU, you give some 0:02:06.080 --> 0:02:10.040 money to the Southern Poverty Law Center. Whatever. That's when 0:02:10.040 --> 0:02:11.880 you become a super rich fat cat so you can 0:02:11.960 --> 0:02:14.760 drive around in your Maserati and go between your seven houses. 0:02:15.560 --> 0:02:17.920 You know, it's never enough either for the wife, the 0:02:18.000 --> 0:02:21.359 ex wives, the girlfriends, or the mistresses, and I mean 0:02:21.440 --> 0:02:26.239 all at the same time. So what do they do. Well, 0:02:26.280 --> 0:02:30.800 as you see, they try to get even bigger leverage going. 0:02:30.880 --> 0:02:34.399 They go all in to kill American companies or any 0:02:34.400 --> 0:02:36.840 company for that matter. As long as there's a profit, 0:02:37.520 --> 0:02:39.679 as long as they can find a way to manipulate 0:02:39.680 --> 0:02:42.680 the market to their advantage. When they have as they 0:02:42.680 --> 0:02:46.640 did here with game Stop, this video game company that 0:02:46.840 --> 0:02:51.120 is like the Blockbuster video of video games, when they 0:02:51.160 --> 0:02:54.680 decide that they're going to overshort it to the point 0:02:54.680 --> 0:02:58.720 where there are more people who have borrowed and then 0:02:58.880 --> 0:03:02.280 sold the stock then there are actual shares in existence. 0:03:02.760 --> 0:03:06.520 This is essentially market manipulation, and it means that this 0:03:06.560 --> 0:03:09.480 company is toast. It means Game Stop is done. But 0:03:09.800 --> 0:03:14.040 people realize there's another side to the trade. And these 0:03:14.160 --> 0:03:18.080 Reddit bros and these Wall Street chat rooms, not of 0:03:18.120 --> 0:03:21.639 actual Wall Street people, but of just everyday folks said, 0:03:21.680 --> 0:03:23.480 you know what, we're going to stick it to these 0:03:23.480 --> 0:03:25.720 hedge funds. And then you know what happened. All of 0:03:25.760 --> 0:03:28.480 a sudden, as I said at that poker table, you 0:03:28.520 --> 0:03:30.760 have the Wall Street fatcats on the one side, and 0:03:30.919 --> 0:03:34.639 you have just people Robin Hood day traders. Although I 0:03:34.639 --> 0:03:36.280 think they're gonna get off robin Hood now and we'll 0:03:36.280 --> 0:03:38.960 get into that, go to other platforms. You got these 0:03:39.040 --> 0:03:43.080 day traders, and they're right on this one, and all 0:03:43.120 --> 0:03:45.440 of a sudden, it's like the casino boss has come 0:03:45.480 --> 0:03:48.720 over and is taking two aces out of the day 0:03:48.720 --> 0:03:52.920 traders hands and putting it in the hands of the 0:03:52.960 --> 0:03:58.440 hedge funds. Why because that's the order of things. That's 0:03:58.440 --> 0:04:02.240 how it's supposed to be. You see, I think we're 0:04:02.280 --> 0:04:05.560 all getting very tired of this. This is the most 0:04:05.680 --> 0:04:09.520 blatantly rigged financial game in the last decade. This is 0:04:09.560 --> 0:04:13.480 the worst financial rigging that we've seen since. Who got 0:04:13.520 --> 0:04:16.880 bailed out and who didn't during the financial collapse? Who 0:04:16.880 --> 0:04:20.559 had to pay a terrible price? You the American people, 0:04:20.680 --> 0:04:23.359 and who didn't Wall Street people who had spent years 0:04:23.400 --> 0:04:28.400 fattening themselves up with the reckless speculation on credit to 0:04:28.440 --> 0:04:32.560 false swaps and mortgage backed securities. But the government came 0:04:32.600 --> 0:04:34.839 in and bailed them out. The system came in and 0:04:34.880 --> 0:04:37.480 bailed them out under the pretense that they were bailing 0:04:37.480 --> 0:04:41.400 you out. And now there are hedge funds. There are 0:04:41.440 --> 0:04:45.160 places like Citadel which owns Robin Hood and Melvin Capital, 0:04:45.200 --> 0:04:47.799 and many many others who are losing billions and billions 0:04:47.839 --> 0:04:51.560 and billions of dollars. But remember, the money's not being 0:04:51.600 --> 0:04:55.320 lit on fire. The money is being transferred from one 0:04:55.839 --> 0:04:59.919 set of hands to another, and it's by the rules 0:05:00.040 --> 0:05:04.719 of the game, but it's not okay according to the elites, 0:05:04.960 --> 0:05:08.279 according to the people who make these decisions, this isn't 0:05:08.279 --> 0:05:10.760 supposed to happen. You're not supposed to be able to 0:05:10.800 --> 0:05:13.880 outthink multi billion dollar hedge funds. You listen to this 0:05:13.960 --> 0:05:15.839 right now, people, And by the way, please let me 0:05:15.880 --> 0:05:19.040 just as a disclaimer here, be very careful if you're 0:05:19.080 --> 0:05:22.480 in this game right now, because it is overheated and 0:05:22.560 --> 0:05:26.080 people are gonna lose lots of money. So I don't 0:05:26.240 --> 0:05:29.039 there's the there's the political populist angle to this, and 0:05:29.040 --> 0:05:32.680 then there's the actual financial realities of this for a 0:05:32.720 --> 0:05:37.719 lot of people. Please be cautious. Don't don't get into 0:05:37.720 --> 0:05:39.440 a game that you don't know the rules and you 0:05:39.480 --> 0:05:41.800 don't know what you're doing. And the way I always 0:05:41.800 --> 0:05:43.880 tell people this, and this has been told to me 0:05:43.960 --> 0:05:46.800 by folks with a whole lot more money than me 0:05:47.240 --> 0:05:50.919 and more financial know how. You never bet any money 0:05:50.920 --> 0:05:53.280 in the market, you know, you never place a bet 0:05:53.279 --> 0:05:56.880 in the market that you wouldn't place a bet, you know, 0:05:56.960 --> 0:06:00.359 at a racetrack and lose it and be okay, hey, 0:06:00.720 --> 0:06:02.400 no that's not a big deal. Okay, I lost it. 0:06:02.880 --> 0:06:05.200 You know, you don't ever take risks that you can't 0:06:05.200 --> 0:06:08.840 afford to take, very straightforward rule, don't do it, please, 0:06:09.680 --> 0:06:12.320 you know. I mean, this really is very much right now. 0:06:12.360 --> 0:06:14.840 These markets are This is straight up gambling that is 0:06:14.880 --> 0:06:17.760 going on. It's not based on earnings. It's not based 0:06:17.839 --> 0:06:21.680 on getting new patents or getting FDA approved. I mean 0:06:21.760 --> 0:06:23.320 some of it, of course, but I'm talking about game 0:06:23.400 --> 0:06:26.080 stop at AMC and these things. But this is a 0:06:26.160 --> 0:06:29.000 revolt against the system and the financial elites that's happening 0:06:29.040 --> 0:06:32.760 from within this system, and that really terrifies the people 0:06:32.760 --> 0:06:37.599 in charge because the system is supposed to produce certain outcomes. 0:06:37.640 --> 0:06:40.640 They don't tell you that, but that's the truth. Because 0:06:40.640 --> 0:06:43.400 the people that are enforcing it, the sec the other 0:06:43.520 --> 0:06:48.000 you know, the government regulators, the federal law enforcement agencies, 0:06:48.040 --> 0:06:51.080 you name it, the actual platforms like robin hood that 0:06:51.120 --> 0:06:55.640 are owned by private companies. Facebook is shutting down speech 0:06:56.040 --> 0:07:02.000 about stock trading under basis robin Hood shut it down 0:07:02.040 --> 0:07:03.800 saying that it was because of like their ban on 0:07:03.839 --> 0:07:07.560 a hate speech or something. I guess if you're a 0:07:07.600 --> 0:07:10.640 hedge funder and you're losing billions of dollars and you're 0:07:10.680 --> 0:07:13.200 not going to be able to buy, you know, Muffy 0:07:13.240 --> 0:07:17.160 and Buffy a new yellow Range Rover for their sixteenth birthdays. Yeah, 0:07:17.160 --> 0:07:20.720 it's really sad for you, but this is the game, folks, 0:07:21.720 --> 0:07:24.640 This is how it goes. Like I said, never bet 0:07:24.720 --> 0:07:27.400 something you can't afford to lose, you don't do it. 0:07:28.200 --> 0:07:32.240 And that's true of hedge funds as well. The system 0:07:32.640 --> 0:07:37.360 is trying to set an example here though, by stepping 0:07:37.360 --> 0:07:40.080 in and saying it doesn't matter how brazen it is. 0:07:41.000 --> 0:07:45.000 You don't get to win. You stay home, mask up, 0:07:45.240 --> 0:07:48.120 shut down your business, and you don't get your government check, 0:07:48.240 --> 0:07:50.720 not on time. And the government owes you that money 0:07:50.720 --> 0:07:52.960 because they shut down your business. The government owes you 0:07:53.040 --> 0:07:57.280 that PPP because they're the reason, stupidly that the economy 0:07:57.360 --> 0:08:01.560 was the worst it was since nineteen forty six according 0:08:01.600 --> 0:08:04.760 the latest figures. Okay, we have the worst economy in 0:08:05.720 --> 0:08:09.320 you know, going on a hundred years last year of 0:08:09.520 --> 0:08:12.040 terms of GDP, in terms of GDP growth. Okay, this 0:08:12.120 --> 0:08:14.960 is it. It was an awful year and they made 0:08:14.960 --> 0:08:19.360 it so much worse. You stay home, you shut up, 0:08:19.360 --> 0:08:24.280 you do what you're told or else. Wait, but why where, 0:08:24.320 --> 0:08:27.520 where's the basis for this and how are we supposed 0:08:27.520 --> 0:08:30.560 to obey rules and systems when they'll change them the moment. 0:08:30.560 --> 0:08:33.120 It doesn't favor the people in charge. When we talk 0:08:33.160 --> 0:08:36.920 about a populist uprising, what we're saying is that people 0:08:37.559 --> 0:08:40.160 who do not yet have power see what the people 0:08:40.480 --> 0:08:43.240 in power are willing to do to keep it. And 0:08:43.320 --> 0:08:45.240 right now it is the democrats in power. But this 0:08:45.320 --> 0:08:48.520 is not entirely a democrat phenomenon, although it is largely 0:08:49.240 --> 0:08:53.920 a democrat status authoritarian phenomenon. But the people with so 0:08:54.000 --> 0:08:58.560 much want to prevent others from also getting theirs. And 0:08:58.640 --> 0:09:02.320 this is why you have for eggs. Example, the former 0:09:02.360 --> 0:09:05.199 head of the SEC the SEC the Securities in Exchange 0:09:05.240 --> 0:09:09.520 Commission is the regulatory body, and they can send people 0:09:09.520 --> 0:09:13.880 to prison, they can bring charges. Right the SEC is 0:09:13.880 --> 0:09:17.000 a serious organization, has federal law enforcement authority. The former 0:09:17.000 --> 0:09:21.839 head of the SEC started to compare people who are 0:09:21.880 --> 0:09:25.680 placing trades on an app and that are winning and 0:09:25.800 --> 0:09:29.280 making money and it is entirely legal, by the way, 0:09:29.280 --> 0:09:32.560 what they're doing. There's no real allegation of illegality out 0:09:32.559 --> 0:09:35.840 there about any of this, at least not yet. She 0:09:36.000 --> 0:09:41.440 compares it to the Capitol Hill riot play twenty. It 0:09:41.520 --> 0:09:44.880 really puts a lot of question about the integrity of 0:09:44.920 --> 0:09:48.200 the market, right, and it really kind of everybody's scratching 0:09:48.280 --> 0:09:51.560 their heads over this. What should happen, What is the 0:09:51.679 --> 0:09:53.880 right thing to do to control this or stop this? 0:09:54.520 --> 0:09:57.800 Not unlike what we saw in January sixth at the Capitol, right, 0:09:58.320 --> 0:10:01.160 if you don't have the police in at the right time, 0:10:01.360 --> 0:10:04.320 things go a little crazy. And that kind of feels 0:10:04.360 --> 0:10:07.480 like what's happening with this a much different, much lesser degree. 0:10:07.520 --> 0:10:11.720 It's financial harm, not personal bodily harm. But but certainly 0:10:11.800 --> 0:10:16.280 that's the same kind of you know, platform created frenzy 0:10:16.960 --> 0:10:19.760 that people are operating under. And these are these are 0:10:19.840 --> 0:10:23.199 very trying times. It's a very important a whole lot 0:10:23.200 --> 0:10:25.840 of differences. It's a it's an insane comparison. But if 0:10:25.840 --> 0:10:30.200 we're going to play this out a little bit, they're upset. 0:10:30.240 --> 0:10:33.760 The elites are upset because the people that are doing 0:10:33.800 --> 0:10:37.680 this to the hedge funds, they're winning. The hedge funds 0:10:37.679 --> 0:10:41.439 are losing the money in this case, and you're supposed 0:10:41.440 --> 0:10:43.280 to lose the money. The way the stock market has 0:10:43.320 --> 0:10:46.560 been set up in recent years, as there's greater democratization 0:10:47.000 --> 0:10:51.080 of information but also access and trading ability is that 0:10:51.160 --> 0:10:54.480 people realize, Hold on a second, these hedge funds, they 0:10:54.600 --> 0:10:57.840 they mass all this capital, they don't hedge hedging means 0:10:57.840 --> 0:11:01.240 that they're essentially balancing out their bet so that their 0:11:01.280 --> 0:11:04.760 downside is not that big. So it's supposed to be 0:11:05.080 --> 0:11:09.840 a risk management strategy, but hedge funds are They're a misnomer. 0:11:09.880 --> 0:11:12.520 That's not what they do. They go all in. They 0:11:12.559 --> 0:11:14.720 will cut a company, they will burn it their ground. 0:11:14.760 --> 0:11:17.160 I have friends, I know people who work at the 0:11:17.440 --> 0:11:20.440 biggest hedge funds in the world, and this is what 0:11:20.520 --> 0:11:24.280 ends up happening. Yeah, sometimes they provide necessary capital and 0:11:24.360 --> 0:11:26.400 lubrication for the market and whatever, but a lot of 0:11:26.400 --> 0:11:28.600 the time they're just going in for the kill. But 0:11:28.679 --> 0:11:30.760 the other side's not allowed to win, don't you see. 0:11:30.840 --> 0:11:34.240 That's what's the problem here. Everyone's acting like there's some 0:11:34.280 --> 0:11:36.280 big problem. What do we do about the markets? The 0:11:36.280 --> 0:11:39.800 former head of the SEC this is like the stock 0:11:39.840 --> 0:11:42.320 market equivalent of the former head of the FBI saying, 0:11:42.320 --> 0:11:45.960 this is like the Capitol Hill riot. What the Winklevoss Twins. 0:11:46.000 --> 0:11:48.960 You know about the the winkle Vy you know about them, 0:11:48.960 --> 0:11:53.679 probably because of their connection to Mark Zuckerberg and Facebook 0:11:53.720 --> 0:11:56.840 they were in the social network the played by one actor, 0:11:56.840 --> 0:11:59.200 the large blonde haired guy who rode Crew. I rode 0:11:59.240 --> 0:12:04.440 crew in college. But they also are big bitcoin and 0:12:04.640 --> 0:12:08.439 decentralized finance guys. Here's what they said on TV and 0:12:08.559 --> 0:12:13.520 notice CNBC the financial journal. Financial journals are are every 0:12:13.559 --> 0:12:16.560 bit as guilty of sucking up to power and being 0:12:16.600 --> 0:12:20.040 little frauds as political journals are. That's one thing you're 0:12:20.080 --> 0:12:23.480 seeing here. Here's what they said. Dwinklevoss on TV play 0:12:23.520 --> 0:12:26.400 twenty two. I think this is a much larger movement. 0:12:26.720 --> 0:12:31.240 I think it's a systemic issue, and I think that 0:12:31.320 --> 0:12:35.360 people need to fix it or it's going to get 0:12:35.720 --> 0:12:38.200 much much worse. I think this is a much larger 0:12:38.280 --> 0:12:42.360 issue in the thread of our country and its fragility 0:12:42.440 --> 0:12:46.439 and what's happening in the inequality, and frankly, the hypocrisy 0:12:46.440 --> 0:12:49.520 of the political leaders who say you can't open your 0:12:49.520 --> 0:12:51.480 business and run your business and make a living during 0:12:51.520 --> 0:12:55.400 the pandemic. We won't pass a stimulus bill in time, 0:12:55.880 --> 0:12:57.960 and oh, by the way, and now you can't trade. 0:12:58.280 --> 0:13:00.600 You know what's the next thing they're going to control 0:13:00.640 --> 0:13:03.400 and say you can't do and what it really does 0:13:03.520 --> 0:13:05.720 Wait a minute, Wait a minute, who who is saying 0:13:05.800 --> 0:13:09.360 all of those things? That sounds like some attempt at 0:13:09.400 --> 0:13:12.400 whipping up something populous that that's not based in fact. 0:13:12.559 --> 0:13:15.199 Is there is there one person who is saying all 0:13:15.240 --> 0:13:19.520 of those things, No, jackass, There are a lot of 0:13:19.559 --> 0:13:24.839 people who are taking action based upon those things. Robin Hood, 0:13:24.840 --> 0:13:29.920 The app only allowed selling of a stock yesterday based 0:13:29.920 --> 0:13:33.719 on what well they wanted to be. They wanted to 0:13:33.760 --> 0:13:37.320 help drive the price down on GameStop so that the 0:13:37.480 --> 0:13:42.280 short sellers would stop getting squeezed. It was bailing out 0:13:42.280 --> 0:13:45.640 their buddies. Full on. Now this is again it's a 0:13:45.679 --> 0:13:48.040 privately owned app, but you are led to believe that 0:13:48.040 --> 0:13:52.720 this is this is a platform for buying things. Right. 0:13:52.840 --> 0:13:57.160 Imagine if you went on Amazon and you bought yourself, 0:13:57.520 --> 0:14:00.600 you know, a tennis racket and they said sorry, we're 0:14:00.600 --> 0:14:04.880 gonna send you some skis instead, say well, hold on 0:14:04.880 --> 0:14:06.760 a second, that's not right, that's not what I well, 0:14:06.760 --> 0:14:09.680 you know, Amazon's a private company. You see now that 0:14:09.720 --> 0:14:13.720 the left has seized the heights of our institutions and corporations. 0:14:13.840 --> 0:14:16.680 Now that they have control, they want absolute control. All 0:14:16.720 --> 0:14:19.120 the old arguments about hold on, there's a greater societal 0:14:19.160 --> 0:14:22.640 good here. Hold on, there's there's a culture or freedom 0:14:22.680 --> 0:14:26.560 and openness and free speech. That's all. That's all discarded 0:14:26.560 --> 0:14:29.880 by them. They could care less. This is all about 0:14:29.960 --> 0:14:34.160 naked power and a grab for even more money for 0:14:34.200 --> 0:14:37.720 people who have plenty of it, and it's playing out 0:14:37.760 --> 0:14:40.080 in full view of the whole country. Where's the Biden 0:14:40.080 --> 0:14:43.640 administration on this? Where's Joe Biden? I will say, there 0:14:43.640 --> 0:14:46.280 are some radicals on the left who just hate rich people, 0:14:46.480 --> 0:14:48.560 so they are of course jumping in on this one. 0:14:48.760 --> 0:14:50.560 But some of what they say on this is true. 0:14:51.600 --> 0:14:54.680 Some of what they say on this is reality. And 0:14:54.800 --> 0:14:58.680 even Ted Cruz agreed with AOC yesterday. She was vicious 0:14:58.680 --> 0:15:00.600 in response to him trying to reach a point of 0:15:00.640 --> 0:15:03.680 agreement on something. But even Ted Cruz is saying that 0:15:03.720 --> 0:15:08.840 this is amazing and wrong. What's going on here. You're 0:15:08.880 --> 0:15:11.840 supposed to stay home because Fauci says so, have your 0:15:11.880 --> 0:15:14.400 business shut down, Your bank accounts supposed to go to 0:15:14.520 --> 0:15:16.800 zero because you don't have the assets to sit there 0:15:17.040 --> 0:15:21.720 and just keep getting dividends, and the stock price rising 0:15:21.840 --> 0:15:25.480 and rising. The government's policy is inflating the assets of 0:15:25.520 --> 0:15:28.280 those who have assets. You're not even allowed to try 0:15:28.280 --> 0:15:32.440 to get ahead. You who work for a trucking company, 0:15:32.520 --> 0:15:35.640 who own a small business, who show up to a 0:15:35.640 --> 0:15:38.080 company that's been struggling and you've had to shut your 0:15:38.120 --> 0:15:40.240 doors for a while. You work in a restaurant, you 0:15:40.240 --> 0:15:43.640 work in a bar. You the American people are being told, 0:15:43.840 --> 0:15:47.000 shut up, stay home. We'll get you a tiny check 0:15:47.040 --> 0:15:49.480 at some point when we feel like it. While all 0:15:49.520 --> 0:15:52.400 of our buddies are getting uber eats delivered to them, 0:15:52.640 --> 0:15:55.960 sitting in their giant houses and apartments all across the 0:15:56.080 --> 0:16:00.680 urban centers of America and getting richer and richer and 0:16:00.800 --> 0:16:03.400 richer on this market. And you're not supposed to be 0:16:03.440 --> 0:16:06.320 having a piece of that, a little bit a taste, 0:16:06.360 --> 0:16:09.560 just to shut you up. You get to make six 0:16:09.640 --> 0:16:11.960 percent on your money if you're a good boy or girl, 0:16:12.120 --> 0:16:14.240 give you a little pat on the head. These hedge 0:16:14.280 --> 0:16:16.800 fund people, they want to make six hundred percent on 0:16:16.840 --> 0:16:20.440 their money in a month, in a day. That's what 0:16:20.560 --> 0:16:23.320 they get to have. You get your six percent. And 0:16:23.360 --> 0:16:26.040 if you try to stop the hedge funds, they're gonna 0:16:26.040 --> 0:16:27.960 come for that little six percent from youtub. Maybe they'll 0:16:27.960 --> 0:16:30.480 even throw you in jail. This is the Buck Sexton 0:16:30.560 --> 0:16:34.520 Show Podcast. Join the conversation and message buck on Facebook, 0:16:34.680 --> 0:16:38.840 Instagram or email team Bucket, iHeartMedia dot com if he 0:16:38.960 --> 0:16:41.040 may read it on the show. The reason the market 0:16:41.080 --> 0:16:43.280 is doing what he's doing is people are singing at 0:16:43.320 --> 0:16:46.280 home getting the checks in the government. Okay. And this 0:16:46.440 --> 0:16:50.080 fish share is a big concept against just a way 0:16:50.080 --> 0:16:54.080 of attacking wealthy people. And you know, I think it's inappropriate. 0:16:54.080 --> 0:16:56.240 We all got to work together and pull together. We 0:16:56.320 --> 0:16:59.200 all got to work together and pull together. That's Leon Cooperman. 0:16:59.280 --> 0:17:01.520 For those who may not know that. If you're work 0:17:01.600 --> 0:17:03.360 on or near or know a lot of people on 0:17:03.400 --> 0:17:04.760 Wall Street, you know that guy is you know what 0:17:04.800 --> 0:17:09.240 he's worth? Three billion or so. This guy's a multi billionaire. 0:17:09.680 --> 0:17:12.920 Fair share is bleep. You heard what he said, We've 0:17:12.920 --> 0:17:16.080 got to come together. He's basically telling you it's might 0:17:16.359 --> 0:17:19.440 I get to sit at home in front of computer 0:17:19.560 --> 0:17:23.560 screens making millions and millions and millions of dollars of 0:17:23.600 --> 0:17:25.560 which I get to keep at least. If you're running 0:17:25.560 --> 0:17:27.400 a hedge fund, they call it two and twenty two 0:17:27.440 --> 0:17:30.840 percent management feed, twenty percent of the upside you get. 0:17:30.960 --> 0:17:32.960 So you make one hundred million dollars on a billion 0:17:32.960 --> 0:17:34.920 dollar fund, and guess what, You've had a pretty good year. 0:17:34.960 --> 0:17:36.679 Some people make a whole lot more than that. But 0:17:36.760 --> 0:17:39.159 he gets to do that. He gets to just watch 0:17:39.200 --> 0:17:43.360 as everything as the government policy inflates these asset prices, 0:17:43.560 --> 0:17:46.479 but more and more spending, more and more stimulus, and 0:17:46.520 --> 0:17:49.720 he gets richer and richer and richer. You're not allowed 0:17:49.720 --> 0:17:53.280 to try to flip the table. You stay home, get 0:17:53.280 --> 0:17:56.399 your government check, and you know, get some takeout food 0:17:56.400 --> 0:17:58.560 once a week, and shut your mouth. That's what Cooperman 0:17:58.800 --> 0:18:01.120 and the rest of the elite and the establishment want 0:18:01.119 --> 0:18:04.560 you to know. The Robin Hood bros Say, not so fast. 0:18:06.320 --> 0:18:09.600 You're listening to the Buck Sexton Show podcast. Make sure 0:18:09.600 --> 0:18:12.639 you subscribe to the podcast on the iHeartRadio act or 0:18:12.640 --> 0:18:19.680 wherever you get your podcasts. Open the damn schools everywhere, 0:18:20.200 --> 0:18:24.679 every city, every state, all across America. The data is in, 0:18:24.920 --> 0:18:27.199 It has been in for months. It is clear, it 0:18:27.280 --> 0:18:32.280 is unambiguous. Open the schools. Any public school that is 0:18:32.320 --> 0:18:36.120 still shut down is shut down because of the crappy 0:18:36.200 --> 0:18:41.480 decisions of selfish or cowardly adults. That's it. There is 0:18:41.560 --> 0:18:45.160 no good faith, science based argument to keep these schools closed. 0:18:45.320 --> 0:18:49.320 All this nonsense that you're hearing from people about how 0:18:49.480 --> 0:18:52.640 they need new ventilation systems and they need new ppe 0:18:52.720 --> 0:18:54.960 and we have to test kids three times a day 0:18:55.000 --> 0:18:57.560 every day. We're gonna keep testing and testing and testing. 0:18:58.040 --> 0:19:04.560 This is anxiety even lunacy and children are suffering. Children 0:19:04.600 --> 0:19:08.919 are depressed. Children's brain chemistry is being affected by this. 0:19:09.160 --> 0:19:14.320 Children are committing suicide over this. Enough is enough, and 0:19:14.400 --> 0:19:18.160 the lazy asses in the teachers unions need a real 0:19:18.440 --> 0:19:22.359 kick in the butt. This is crazy what they're doing 0:19:22.359 --> 0:19:24.680 to kids across the country. This is wrong, what they're 0:19:24.720 --> 0:19:29.880 doing to families, adults and parents who can actually do 0:19:29.960 --> 0:19:34.119 their normal jobs who have to handle now working perhaps 0:19:34.119 --> 0:19:36.800 working remotelyal though maybe they're essential workers too, but you know, 0:19:36.920 --> 0:19:40.760 actual essential workers who have to show up. And this 0:19:40.840 --> 0:19:43.679 is so devastating the fact that we're even having this 0:19:43.760 --> 0:19:47.560 conversation shows how crazy it's gotten. There's this father in Virginia. 0:19:47.720 --> 0:19:51.200 I know this has gone viral, and I almost want 0:19:51.200 --> 0:19:53.240 to play this. Every day he goes up to a 0:19:53.280 --> 0:19:57.280 school board meeting and sometimes, and you know, an everyday person, 0:19:57.359 --> 0:19:59.920 just just somebody, just one of our fellow Americans, stands 0:20:00.119 --> 0:20:04.000 up at a podium somewhere and you feel it right away, 0:20:04.240 --> 0:20:09.800 speaks for all of us who are saying speaks for 0:20:09.880 --> 0:20:12.320 those of us who see things for what they are. 0:20:12.800 --> 0:20:18.399 And let's sit rip and here's this father of a 0:20:18.600 --> 0:20:23.040 school school aged child in Virginia who's talking at this 0:20:23.080 --> 0:20:29.560 school board meeting. And just the sense of gratification and 0:20:29.600 --> 0:20:33.280 the sense of a moment of peace that you get 0:20:33.280 --> 0:20:36.640 after listening to this, because finally someone is saying it. 0:20:37.760 --> 0:20:39.919 I wanted you to have that. Here you go play eighteen. 0:20:40.440 --> 0:20:42.760 You should all be fired from your day jobs because 0:20:43.359 --> 0:20:46.280 if your employers knew that you were more inefficient than 0:20:46.400 --> 0:20:49.919 the DMV, you would be replacing the heartbeat. I literally 0:20:49.960 --> 0:20:52.760 just finished a conference call because I'm having a multitask 0:20:52.800 --> 0:20:55.400 to be here to address you. Guys. You're a bunch 0:20:55.440 --> 0:20:58.679 of cowards hiding behind our children as an excuse for 0:20:58.760 --> 0:21:01.320 keeping schools closed. You think you are some sort of 0:21:01.359 --> 0:21:04.040 martyrs because of the decisions you're making when the statistics 0:21:04.160 --> 0:21:07.040 do not lie that the vast majority of the population 0:21:07.200 --> 0:21:10.000 is not at risk from this virus. The garbage workers 0:21:10.119 --> 0:21:14.800 who pick up my freaking trash risk their lives every 0:21:14.880 --> 0:21:20.640 day more than anyone in this school system. Figure it out, 0:21:21.320 --> 0:21:24.320 or get off the podium, because you know what they're 0:21:24.359 --> 0:21:27.480 people like me and a line of other people out 0:21:27.520 --> 0:21:31.359 there who will gladly take your seat and figure it out. 0:21:33.720 --> 0:21:38.840 It's not a high bar. Raise the freaking bar. Open 0:21:39.200 --> 0:21:44.160 the schools. He's yelling, open all the schools. Why why 0:21:44.280 --> 0:21:46.280 is it that, as I've been saying to you, you 0:21:46.359 --> 0:21:50.879 have people who are working in drug stores and grocery stores, 0:21:50.920 --> 0:21:55.720 and mail carriers and truckers and just all kinds of folks. 0:21:55.760 --> 0:21:58.720 People working in for utility companies and the cable guys 0:21:58.760 --> 0:22:00.920 and gals. I mean, you name it. People are still 0:22:00.960 --> 0:22:04.880 doing their jobs. I go into a TV studio every day. Now, 0:22:04.880 --> 0:22:07.399 I'm not saying I'm essential, but I just people are 0:22:07.400 --> 0:22:11.000 still doing their jobs. Teachers can't do their jobs. Oh, 0:22:11.080 --> 0:22:16.000 it's so scary. It's not so scary. Stop being whimps. 0:22:16.960 --> 0:22:20.160 If you are of an age which how many teachers 0:22:20.520 --> 0:22:24.320 in the public school system are over sixty? There are some, 0:22:24.880 --> 0:22:27.920 there are very few. If you are of an age 0:22:27.960 --> 0:22:32.240 where you are at risk, Okay, fine, the datas the 0:22:32.359 --> 0:22:36.240 data suggests that even though children are very unlikely to 0:22:36.280 --> 0:22:39.320 spread it to you, which people keep leaving out of 0:22:39.320 --> 0:22:41.040 this They go, oh, it's not about the kids as much. 0:22:41.040 --> 0:22:44.240 It's about the teachers of the people around them children, 0:22:44.400 --> 0:22:46.239 and this gives you, this is always a reminder. Two. 0:22:46.240 --> 0:22:49.040 They don't even really understand why. It's probably because a 0:22:49.119 --> 0:22:52.280 child's immune system is sensitive enough, strong enough, and resilient 0:22:52.400 --> 0:22:54.760 enough that it deals with the virus very quickly, and 0:22:54.840 --> 0:22:57.920 therefore there's not the same time frame, the same incubation 0:22:58.000 --> 0:23:00.240 period where it would be transmissible to other people. That's 0:23:00.240 --> 0:23:02.960 a theory I'm just saying. But that's that's one theory 0:23:02.960 --> 0:23:05.320 that I've read, because children don't seem to give this 0:23:05.560 --> 0:23:08.040 easily at all to adults. It's not like if you're 0:23:08.080 --> 0:23:10.960