1 00:00:00,200 --> 00:00:02,960 Speaker 1: So this is one I think we should have put 2 00:00:03,000 --> 00:00:05,520 Speaker 1: out a few weeks ago. It would have been it 3 00:00:05,559 --> 00:00:09,000 Speaker 1: would have been timely, right exactly. And by the way, 4 00:00:09,119 --> 00:00:11,560 Speaker 1: I think we should do a shirt that says cryptids 5 00:00:11,600 --> 00:00:15,640 Speaker 1: not crypto, what do you guys think? Or crypto not cryptids? No, well, 6 00:00:15,680 --> 00:00:19,520 Speaker 1: I don't know cryptids or crypto, you choose. But the 7 00:00:19,520 --> 00:00:21,680 Speaker 1: point is all of this crypto stuff that we're seeing 8 00:00:21,680 --> 00:00:24,800 Speaker 1: in the news now, uh, and the way it interacts 9 00:00:24,800 --> 00:00:27,200 Speaker 1: with the stock market and all of this fear of 10 00:00:27,280 --> 00:00:31,720 Speaker 1: collapse um, very very prescient. This episode that we're about 11 00:00:31,760 --> 00:00:35,199 Speaker 1: to resubmit to you for your approval, right, Yeah, And 12 00:00:35,320 --> 00:00:40,320 Speaker 1: today's classic episode we ask can people purposely collapse the 13 00:00:40,520 --> 00:00:46,120 Speaker 1: stock market? The answer historically is that yes, people can 14 00:00:46,159 --> 00:00:49,200 Speaker 1: collapse certain stocks and have done so and have gotten 15 00:00:49,280 --> 00:00:53,320 Speaker 1: way clean. But the question is, can someone purposely tank 16 00:00:53,840 --> 00:00:59,200 Speaker 1: the entire financial ecosystem? Yeah? And then could like I 17 00:00:59,240 --> 00:01:03,240 Speaker 1: don't know, a couple of big banks merge like Kana Karen, 18 00:01:03,480 --> 00:01:06,640 Speaker 1: and then just you know, run the whole show afterwards 19 00:01:06,680 --> 00:01:10,080 Speaker 1: and and be vultures to pick off the bones. Mammon 20 00:01:10,480 --> 00:01:14,880 Speaker 1: always gets his due from UFOs, two ghosts and government 21 00:01:14,920 --> 00:01:18,679 Speaker 1: cover ups. History is riddled with unexplained events. You can 22 00:01:18,720 --> 00:01:21,520 Speaker 1: turn back now or learn the stuff they don't want 23 00:01:21,560 --> 00:01:27,360 Speaker 1: you to now. Hello, welcome back to the show. My 24 00:01:27,440 --> 00:01:30,360 Speaker 1: name is Matt. And then, and this is stuff they 25 00:01:30,400 --> 00:01:33,200 Speaker 1: don't want you to know. And you may hear my 26 00:01:33,360 --> 00:01:37,240 Speaker 1: voice sounding a little strange. That's because I cleaned house yesterday. 27 00:01:37,520 --> 00:01:41,080 Speaker 1: Is that a euphemism for something I wish? But no 28 00:01:41,280 --> 00:01:45,280 Speaker 1: it is not. I actually just dusted and swept, and 29 00:01:45,360 --> 00:01:49,000 Speaker 1: I have some dogs, so the amount of hair just 30 00:01:49,120 --> 00:01:53,920 Speaker 1: in a week can accumulate his astounding. So you do, uh, 31 00:01:54,160 --> 00:01:56,280 Speaker 1: you do like cleaning stuff of your house every week? 32 00:01:56,960 --> 00:02:00,280 Speaker 1: I mean no, not every week, certainly, but this time 33 00:02:00,280 --> 00:02:03,960 Speaker 1: it was a week in like interval between sweeping in 34 00:02:04,000 --> 00:02:07,360 Speaker 1: the living room and holy crap balls? Oh I can 35 00:02:07,480 --> 00:02:11,760 Speaker 1: can I say that? Yeah? Yeah, there might be a 36 00:02:11,800 --> 00:02:14,840 Speaker 1: place that you know, there's probably someone who sells something 37 00:02:14,880 --> 00:02:19,960 Speaker 1: called crap balls and they're hopefully overjoyed hearing the podcast. 38 00:02:20,200 --> 00:02:24,000 Speaker 1: Um their cake pops, and that would be like a 39 00:02:24,000 --> 00:02:27,280 Speaker 1: crap ball Holy cakes. Well, I really hope that we 40 00:02:27,320 --> 00:02:29,480 Speaker 1: can say crap ball, Matt, because this will be about 41 00:02:29,520 --> 00:02:31,760 Speaker 1: the h It'll be fun. If we can't, then Noel 42 00:02:31,800 --> 00:02:34,120 Speaker 1: would just have bleeped it out and no one will 43 00:02:34,160 --> 00:02:36,320 Speaker 1: know what we've said. So yeah, as always a big 44 00:02:36,360 --> 00:02:39,680 Speaker 1: hand to our super producer, Mr Noel Brown. On the 45 00:02:39,680 --> 00:02:43,400 Speaker 1: Ones or Two's Matt, I found the phrase cleaning house 46 00:02:43,520 --> 00:02:47,040 Speaker 1: or clean house very interesting because, as you know, at 47 00:02:47,080 --> 00:02:51,320 Speaker 1: the time of this recording, Uh, some tapes emerged from 48 00:02:51,360 --> 00:02:55,840 Speaker 1: a whistleblower the Federal Reserve, and uh, it's got people 49 00:02:56,080 --> 00:02:59,280 Speaker 1: in modern America, although not as many as I would 50 00:02:59,320 --> 00:03:04,080 Speaker 1: have thought clamoring for a cows cleaning and I do 51 00:03:04,200 --> 00:03:07,880 Speaker 1: mean as euphemism at the Fed. What on earth did 52 00:03:07,880 --> 00:03:11,600 Speaker 1: those tapes say? Was there something wrong in them? Well, 53 00:03:11,639 --> 00:03:16,280 Speaker 1: apparently the the whistleblower herself, who will probably do in 54 00:03:16,320 --> 00:03:22,320 Speaker 1: another episode. Uh. She found that the Federal Reserve or 55 00:03:22,680 --> 00:03:27,959 Speaker 1: members of the Federal Reserve had a distressingly cozy relationship 56 00:03:28,360 --> 00:03:32,520 Speaker 1: with some of the very same organizations they were supposed 57 00:03:32,560 --> 00:03:36,280 Speaker 1: to be policing, such as Goldman Sachs, and that they 58 00:03:36,320 --> 00:03:40,600 Speaker 1: would have conversations where people would say things like, well, 59 00:03:40,680 --> 00:03:43,440 Speaker 1: you know, do the rules really apply that way when 60 00:03:43,440 --> 00:03:45,600 Speaker 1: you're wealthy, when you when you have that much money, 61 00:03:45,640 --> 00:03:49,480 Speaker 1: do they really know? Right? Well? That was that was 62 00:03:49,680 --> 00:03:53,200 Speaker 1: the sense that she got in full disclosure. I've yet 63 00:03:53,240 --> 00:03:56,120 Speaker 1: to listen to all these tapes. I've just been reading 64 00:03:56,160 --> 00:04:00,280 Speaker 1: about them. Yeah, so what we've what we found is 65 00:04:00,360 --> 00:04:04,480 Speaker 1: that this is kind of an open secret. But for 66 00:04:04,640 --> 00:04:08,720 Speaker 1: the average American dare I say the average person in 67 00:04:08,760 --> 00:04:12,680 Speaker 1: the world, uh, the stock market and finance itself, it's 68 00:04:12,800 --> 00:04:17,160 Speaker 1: very up to strange, arcane thing, right, Oh yeah, sure. 69 00:04:17,360 --> 00:04:20,720 Speaker 1: The complication of it alone is it makes someone like 70 00:04:20,839 --> 00:04:24,440 Speaker 1: me want to turn away because you just you there's 71 00:04:24,520 --> 00:04:27,680 Speaker 1: so much information that you need to grasp in order 72 00:04:27,720 --> 00:04:31,599 Speaker 1: to understand just the basics of what's happening. Right. There's 73 00:04:31,640 --> 00:04:34,560 Speaker 1: some terminology, sure, there's some jargon, but to me, I 74 00:04:34,560 --> 00:04:36,240 Speaker 1: feel like I didn't need to study, like I was 75 00:04:36,279 --> 00:04:39,280 Speaker 1: gonna take a test or something. Yeah, and you know, 76 00:04:39,360 --> 00:04:43,040 Speaker 1: you and I working at how stuff works here. We've 77 00:04:43,360 --> 00:04:47,440 Speaker 1: always thought that it is possible to learn something you 78 00:04:47,480 --> 00:04:50,880 Speaker 1: can take. No matter how complex an idea is, it 79 00:04:50,920 --> 00:04:54,080 Speaker 1: can be broken down into certain components. Those components can 80 00:04:54,080 --> 00:04:58,159 Speaker 1: be explored and then soon enough, although piecemeal, you may 81 00:04:58,279 --> 00:05:01,360 Speaker 1: know the entire thing. It can It can be a 82 00:05:01,400 --> 00:05:04,240 Speaker 1: tough gig sometimes, but it's worth it. With that in mind, 83 00:05:04,480 --> 00:05:07,760 Speaker 1: let's start, uh, enlighten me, what what the heck is 84 00:05:07,760 --> 00:05:10,680 Speaker 1: a stock market? Why do we have these? Well, we 85 00:05:10,760 --> 00:05:15,080 Speaker 1: have stock markets because capitalism exists, and a couple of 86 00:05:15,080 --> 00:05:19,360 Speaker 1: things happened along the history of capitalism to create these 87 00:05:19,400 --> 00:05:22,520 Speaker 1: fun things that we call stock markets. So there are 88 00:05:22,520 --> 00:05:28,520 Speaker 1: these things called securities, and they're essentially financial instruments that 89 00:05:28,920 --> 00:05:32,680 Speaker 1: serve as investments, let's say, and their respective terms are 90 00:05:32,680 --> 00:05:37,120 Speaker 1: considered to be longer than stocks. But stocks, um they 91 00:05:37,160 --> 00:05:40,000 Speaker 1: may be more apt to undergo kinds of the fluctuations 92 00:05:40,040 --> 00:05:41,880 Speaker 1: that you see when you look at the stock tickers 93 00:05:42,080 --> 00:05:43,920 Speaker 1: when it goes up a certain amount of points or 94 00:05:43,960 --> 00:05:46,520 Speaker 1: down a certain amount of points um. But then these 95 00:05:46,520 --> 00:05:50,880 Speaker 1: securities they're typically considered to retain a lot more of 96 00:05:50,960 --> 00:05:56,360 Speaker 1: their uh the stable nous of their let's say, their numbers, 97 00:05:56,440 --> 00:06:00,760 Speaker 1: so so they're stable. They're also considered like with assets 98 00:06:00,760 --> 00:06:04,600 Speaker 1: and investments essentially anything you can trade in a lot 99 00:06:04,640 --> 00:06:09,279 Speaker 1: of ways to security. But they're not just stocks. And 100 00:06:09,279 --> 00:06:10,880 Speaker 1: there there are a couple of kinds, right, well, there 101 00:06:10,880 --> 00:06:12,800 Speaker 1: are three. These are probably the things that your dad 102 00:06:12,880 --> 00:06:17,279 Speaker 1: is invested in. Just you know that having conversations with 103 00:06:17,320 --> 00:06:19,240 Speaker 1: my father over this week, I find out, you know, 104 00:06:19,320 --> 00:06:21,000 Speaker 1: I found out a lot of things that my dad's 105 00:06:21,040 --> 00:06:24,120 Speaker 1: four oh one K isn't because you know most of 106 00:06:24,120 --> 00:06:27,039 Speaker 1: our I don't know. I can't say most. A lot 107 00:06:27,080 --> 00:06:29,680 Speaker 1: of the people who work here probably have four oh 108 00:06:29,680 --> 00:06:32,520 Speaker 1: one ks or parents that maybe had a four oh 109 00:06:32,600 --> 00:06:35,479 Speaker 1: one k from the sixties or seventies. Your life is 110 00:06:35,560 --> 00:06:38,960 Speaker 1: just so much more well organized than mine. We'll look 111 00:06:39,040 --> 00:06:44,240 Speaker 1: lean in your house. You're talking to people about money. Well, 112 00:06:44,640 --> 00:06:46,719 Speaker 1: it's one of those things that you have to begin 113 00:06:46,839 --> 00:06:51,039 Speaker 1: to understand when you hit your thirties. Us, I got 114 00:06:51,040 --> 00:06:54,000 Speaker 1: in a fight with a dog over a sandwich last 115 00:06:54,040 --> 00:06:57,720 Speaker 1: week and it was my dog. That's where That's where 116 00:06:57,800 --> 00:07:01,840 Speaker 1: I'm at in life, bro. But anyway, anyway, yeah, okay, 117 00:07:01,960 --> 00:07:05,480 Speaker 1: So there are several different kinds of securities back there. 118 00:07:05,800 --> 00:07:08,679 Speaker 1: So there's a debt security. These are things like bonds, 119 00:07:09,000 --> 00:07:14,920 Speaker 1: bank notes. There are equity securities. These are your common stocks. Okay, 120 00:07:14,920 --> 00:07:18,200 Speaker 1: so when somebody says stocks, they're probably talking about equity 121 00:07:18,240 --> 00:07:23,440 Speaker 1: securities exactly. And they're also these fun things called derivative securities. 122 00:07:24,000 --> 00:07:30,600 Speaker 1: These are futures forwards options there, they are derivatives. That 123 00:07:30,800 --> 00:07:34,280 Speaker 1: is the one thing that is that's the thing you 124 00:07:34,320 --> 00:07:37,760 Speaker 1: might struggle to understand here, as we sort of did. 125 00:07:37,800 --> 00:07:40,680 Speaker 1: But it's you can wrap your head around it. Just 126 00:07:40,720 --> 00:07:45,120 Speaker 1: stay with us. So another definition a share, A share 127 00:07:45,280 --> 00:07:48,480 Speaker 1: is literally that a share of percentage of portion of 128 00:07:48,520 --> 00:07:51,640 Speaker 1: ownership in a company. By having a share, you are 129 00:07:51,680 --> 00:07:56,480 Speaker 1: theoretically entitled to some amount of assets. However, not all 130 00:07:56,520 --> 00:07:59,720 Speaker 1: shares are created equally. There are common shares, they're voting shares. 131 00:07:59,760 --> 00:08:04,160 Speaker 1: There's a difference, and all these shares together form what 132 00:08:04,240 --> 00:08:08,440 Speaker 1: we call a stock, right, And a stock is comprised 133 00:08:08,680 --> 00:08:12,200 Speaker 1: of a certain number of shares, yes, and not all 134 00:08:12,320 --> 00:08:16,160 Speaker 1: companies have the same number, and certainly not the same 135 00:08:16,280 --> 00:08:19,640 Speaker 1: value per share, and more can be created, which is 136 00:08:19,680 --> 00:08:22,560 Speaker 1: really interesting. That's cool. Uh, it's like some sort of 137 00:08:22,960 --> 00:08:26,440 Speaker 1: magic I mean by which I mean math. Yeah, yeah, yeah, yeah, 138 00:08:26,520 --> 00:08:29,480 Speaker 1: that's what it is. Anyway, it was it was a 139 00:08:29,560 --> 00:08:31,720 Speaker 1: euro so I'm not sure if it technically counts as 140 00:08:31,720 --> 00:08:34,600 Speaker 1: a sandwich. Going back to that story, God, we're just 141 00:08:34,720 --> 00:08:38,160 Speaker 1: jumping every I love this. The dog is cool though. So. Uh, 142 00:08:38,280 --> 00:08:41,480 Speaker 1: you know, a company has assets, and assets are everything 143 00:08:41,600 --> 00:08:44,760 Speaker 1: the company owns, right uh. And they also have their earnings, 144 00:08:44,800 --> 00:08:47,679 Speaker 1: which are everything they bring in. So the big question 145 00:08:47,920 --> 00:08:52,280 Speaker 1: is why on earth would a company want to share 146 00:08:52,360 --> 00:08:56,880 Speaker 1: this with the public, right? What what's the what's the gift, 147 00:08:56,960 --> 00:09:01,640 Speaker 1: what's the advantage. Well, the advantage means that you're getting 148 00:09:01,880 --> 00:09:06,280 Speaker 1: inflow of cash or it's kind of an investments into 149 00:09:06,320 --> 00:09:09,520 Speaker 1: your company capital, if you will, so that you can 150 00:09:09,559 --> 00:09:11,720 Speaker 1: do things with your company and then maybe make some 151 00:09:11,800 --> 00:09:16,360 Speaker 1: more money and then give back in derivatives to your stockholders. 152 00:09:17,000 --> 00:09:20,640 Speaker 1: So a lot of companies will borrow money, which is 153 00:09:20,720 --> 00:09:25,240 Speaker 1: debt financing. Uh. Then they can in turn sell shares 154 00:09:25,920 --> 00:09:29,560 Speaker 1: and that's called equity financing. Okay, So those two different 155 00:09:29,600 --> 00:09:32,840 Speaker 1: ways that companies can acquire capital. Going back to our 156 00:09:32,840 --> 00:09:36,920 Speaker 1: amazing pizzeria thing, Uh, all right, why would you Why 157 00:09:37,040 --> 00:09:39,920 Speaker 1: why do so many companies prefer to sell stock rather 158 00:09:40,000 --> 00:09:44,959 Speaker 1: than to a crude debt. Well, there's no interests, that's 159 00:09:45,080 --> 00:09:48,320 Speaker 1: for That's a good starter right there. And because there's 160 00:09:48,360 --> 00:09:51,800 Speaker 1: no interest, there's not even a requirement to pay this 161 00:09:51,920 --> 00:09:57,320 Speaker 1: money back. Um. Selling stock distributes the risk among a 162 00:09:57,440 --> 00:10:00,680 Speaker 1: whole swath of people rather than just the small group 163 00:10:00,679 --> 00:10:04,240 Speaker 1: of investors. UM. So basically, if the whole thing just 164 00:10:04,280 --> 00:10:09,480 Speaker 1: goes belly up, the founders don't have to lose everything necessarily. Um, 165 00:10:09,520 --> 00:10:14,400 Speaker 1: they'll lose smaller chunks of everybody's stuff. So it distributes liability. 166 00:10:14,480 --> 00:10:19,920 Speaker 1: That makes sense, but they're also disadvantages to playing in 167 00:10:19,960 --> 00:10:22,920 Speaker 1: the stock market pool. One of the biggest and the 168 00:10:23,240 --> 00:10:30,280 Speaker 1: primary is risk um and part of that risk is 169 00:10:30,840 --> 00:10:33,800 Speaker 1: whether or not the game that you're playing, in particular 170 00:10:33,960 --> 00:10:38,080 Speaker 1: is rigged. Ah. Yes, And as we mentioned at the top, 171 00:10:38,120 --> 00:10:41,280 Speaker 1: you know, recent evidence shows that organizations charged with policing 172 00:10:41,320 --> 00:10:46,199 Speaker 1: the stock market have some cozy relationships with some of 173 00:10:46,240 --> 00:10:50,360 Speaker 1: the groups they're supposed to supervisor regulate. But Matt, going 174 00:10:50,440 --> 00:10:53,079 Speaker 1: back to what Goose said, I thought it was very interesting. 175 00:10:53,960 --> 00:10:58,960 Speaker 1: Is the game rigged? Um? I'm just gonna answer that 176 00:10:59,000 --> 00:11:03,080 Speaker 1: way first and then get to it. Well, it's very 177 00:11:03,120 --> 00:11:06,040 Speaker 1: interesting that you would ask that. Ben. Let's get to 178 00:11:06,320 --> 00:11:09,160 Speaker 1: several of these theories that we've been covering this week. 179 00:11:09,520 --> 00:11:13,840 Speaker 1: Ah as some here's where it gets crazy. Yes. Well, 180 00:11:14,280 --> 00:11:17,000 Speaker 1: in fact, we have found that it's quite possible for 181 00:11:17,040 --> 00:11:20,920 Speaker 1: a single group to acquire a large enough chunk of stock, 182 00:11:22,080 --> 00:11:24,920 Speaker 1: or at least one section of the market, to trigger 183 00:11:25,000 --> 00:11:28,680 Speaker 1: either rise, even if it's just a slight rise or fall. 184 00:11:29,360 --> 00:11:33,120 Speaker 1: And this when this happens, the group could theoretically control 185 00:11:33,400 --> 00:11:37,160 Speaker 1: or alter the market in their favor if they controlled 186 00:11:37,440 --> 00:11:39,840 Speaker 1: enough of the pot. Again, we're speaking, you would have 187 00:11:39,880 --> 00:11:43,640 Speaker 1: to have quite a large amount there. Here's a good one, 188 00:11:44,120 --> 00:11:47,720 Speaker 1: one very popular conspiracy theory, because there are quite a 189 00:11:47,720 --> 00:11:51,520 Speaker 1: few conspiracy theories about this stuff, um, some which hold 190 00:11:51,600 --> 00:11:55,439 Speaker 1: more water than others. But this one is if there 191 00:11:55,480 --> 00:11:57,520 Speaker 1: was the greatest hits, this would be one of the 192 00:11:57,559 --> 00:11:59,960 Speaker 1: more recent ones that made it onto the track less. 193 00:12:00,000 --> 00:12:03,640 Speaker 1: This guy's name you will know George Soros, according to 194 00:12:04,040 --> 00:12:07,240 Speaker 1: Mahat Tire being Mohammed, who is not just some guy 195 00:12:07,280 --> 00:12:09,760 Speaker 1: with an interesting name, but in fact a former prime 196 00:12:09,800 --> 00:12:12,760 Speaker 1: minister of Malaysia from maybe one to two thousand three, 197 00:12:13,200 --> 00:12:15,840 Speaker 1: so his prime minister for a long time. Matt He 198 00:12:15,920 --> 00:12:19,880 Speaker 1: says that George Soros was partially responsible for the economic 199 00:12:19,920 --> 00:12:25,240 Speaker 1: crash of the East Asian markets. The Thai bots was 200 00:12:25,600 --> 00:12:28,160 Speaker 1: unpegged from the dollar. And what we mean by that 201 00:12:28,360 --> 00:12:32,760 Speaker 1: is in currency trading or in currency valuation, quite a 202 00:12:32,760 --> 00:12:37,760 Speaker 1: few countries are pegged at a certain amount to a dollar, 203 00:12:37,960 --> 00:12:41,319 Speaker 1: so x amount of boats or whatever, X amount of 204 00:12:41,400 --> 00:12:44,439 Speaker 1: Thai currency equals one dollar. Um. A lot of countries 205 00:12:44,480 --> 00:12:48,520 Speaker 1: do that, but Thailand didn't, and then Thailand stopped rather 206 00:12:49,720 --> 00:12:52,240 Speaker 1: in the three years leading towards the crash, says the 207 00:12:52,280 --> 00:12:57,600 Speaker 1: Prime Minister of Malaysia, George Soros invested in short term uh, 208 00:12:57,640 --> 00:13:02,640 Speaker 1: speculative stocks and real estate and then he just dumped 209 00:13:02,679 --> 00:13:05,960 Speaker 1: them when he heard about the evaluation. And then that, 210 00:13:06,360 --> 00:13:11,400 Speaker 1: according to this guy, triggered right dropped the market. So 211 00:13:11,720 --> 00:13:14,080 Speaker 1: how much did he have that? That's one thing that 212 00:13:14,120 --> 00:13:17,440 Speaker 1: we have learned so much about the speculation involved in 213 00:13:17,480 --> 00:13:21,600 Speaker 1: the stock market and how much a rumor can change 214 00:13:21,679 --> 00:13:25,480 Speaker 1: the entire thing. Oh yeah, it's there's there's a strange 215 00:13:25,520 --> 00:13:29,200 Speaker 1: group psychology. Yeah, or even just the thought that someone 216 00:13:29,480 --> 00:13:32,720 Speaker 1: as influential who has a lot of something like George 217 00:13:32,720 --> 00:13:35,800 Speaker 1: Soros looking at what he's doing and then going oh, 218 00:13:35,840 --> 00:13:37,800 Speaker 1: well I need to do the same thing, and then 219 00:13:37,840 --> 00:13:42,040 Speaker 1: you just get this wave effect. Like if Warren Buffett, 220 00:13:42,080 --> 00:13:45,400 Speaker 1: for instance, came on National TV and of course they 221 00:13:45,440 --> 00:13:48,000 Speaker 1: give him a spot. He came on National TV and 222 00:13:48,080 --> 00:13:52,959 Speaker 1: he said, you know what is over has Bro toy 223 00:13:53,040 --> 00:13:55,800 Speaker 1: market or something like that, then they would tank because 224 00:13:55,840 --> 00:14:01,559 Speaker 1: people follow this uh financial profit. Yeah, that's what financial profits. 225 00:14:02,559 --> 00:14:04,080 Speaker 1: I feel like we need to do a whole series 226 00:14:04,120 --> 00:14:06,920 Speaker 1: on that now been Oh I don't know, man, Yeah, okay, 227 00:14:07,000 --> 00:14:10,200 Speaker 1: we could do it. But if we talk about financial profits, 228 00:14:10,200 --> 00:14:13,439 Speaker 1: we have to talk about, of course, the but I'm 229 00:14:13,440 --> 00:14:17,240 Speaker 1: gonna say, by far, the largest, most well known, most 230 00:14:17,280 --> 00:14:20,880 Speaker 1: popular conspiracy theory about someone controlling the stock market. You 231 00:14:20,920 --> 00:14:26,920 Speaker 1: mean the Boogeyman family, the Rothschild's, or you could really 232 00:14:26,920 --> 00:14:30,840 Speaker 1: insert pretty much any large banking family that's been around 233 00:14:30,920 --> 00:14:35,120 Speaker 1: four hundreds of years. Yeah, Rockfeller, Morgan, et cetera. So 234 00:14:36,240 --> 00:14:40,920 Speaker 1: there's this idea that ultimately the Rothschild family itself, the 235 00:14:41,040 --> 00:14:46,960 Speaker 1: entire clan, controls stock markets around the world. Yeah, and okay, 236 00:14:47,000 --> 00:14:49,440 Speaker 1: so here's why it's scary because as a whole, the 237 00:14:49,520 --> 00:14:55,920 Speaker 1: Rothschild family, the dynasty, if you will, is profoundly rich. Yeah, 238 00:14:55,960 --> 00:15:00,440 Speaker 1: that part is true, Like whoa rich up, perhaps the 239 00:15:00,480 --> 00:15:03,400 Speaker 1: most wealthy family in the world or perhaps even the 240 00:15:03,480 --> 00:15:07,080 Speaker 1: history of the world. We literally have no idea how 241 00:15:07,200 --> 00:15:11,200 Speaker 1: much money this family controls, how many assets they officially have. 242 00:15:11,640 --> 00:15:14,200 Speaker 1: You can just look at the real estate of the 243 00:15:14,280 --> 00:15:17,040 Speaker 1: Rothschild family and your brain will pop right out of 244 00:15:17,080 --> 00:15:20,040 Speaker 1: your head. Yeah. Great wine too, apparently. Oh yeah, that's 245 00:15:20,040 --> 00:15:24,120 Speaker 1: something that people say. Uh, but there's a point here 246 00:15:24,120 --> 00:15:25,920 Speaker 1: where we have to be fair and we have to 247 00:15:25,960 --> 00:15:30,720 Speaker 1: point out that with so many competing interest Uh, it's 248 00:15:30,760 --> 00:15:34,440 Speaker 1: tough to believe that a single entity could control the 249 00:15:34,720 --> 00:15:40,760 Speaker 1: entire global market system. What's more likely would be loosely affiliated, 250 00:15:40,840 --> 00:15:46,120 Speaker 1: maybe influid confederacies of groups that move as their interest aligned. Yeah, 251 00:15:46,160 --> 00:15:48,480 Speaker 1: and it should be noted that the Rothschild family is 252 00:15:48,640 --> 00:15:52,720 Speaker 1: widespread throughout the world, and perhaps even their own interests 253 00:15:52,760 --> 00:15:56,720 Speaker 1: among the family are competing. So I didn't think about that. Yeah, 254 00:15:56,720 --> 00:15:59,800 Speaker 1: I was looking at I guess the genealogy and just 255 00:16:00,000 --> 00:16:02,400 Speaker 1: be it, where all the people are, what kind of things. 256 00:16:02,640 --> 00:16:07,040 Speaker 1: There's a lot of information about individual rich people on 257 00:16:07,080 --> 00:16:10,280 Speaker 1: the Internet, which kind of freaks me out but also 258 00:16:10,800 --> 00:16:13,000 Speaker 1: makes me glad to know that there's at least some 259 00:16:13,080 --> 00:16:16,480 Speaker 1: kind of tabs. But Wikipedia has way too much information 260 00:16:16,480 --> 00:16:21,720 Speaker 1: on people. Yeah. Yeah, Wikipedia is fascinating, and I think 261 00:16:21,760 --> 00:16:24,760 Speaker 1: it gets a bad rap sometimes because the people behind 262 00:16:24,800 --> 00:16:27,240 Speaker 1: it are definitely not in it for the money, and 263 00:16:27,600 --> 00:16:30,000 Speaker 1: they're doing some great work at different times. I just 264 00:16:30,080 --> 00:16:33,960 Speaker 1: found out that the that people name different types of 265 00:16:34,040 --> 00:16:37,360 Speaker 1: wind in Australia, and there's one called the Fremantle Doctor. 266 00:16:37,680 --> 00:16:40,320 Speaker 1: It's a name for this consistent sea breeze that goes 267 00:16:40,320 --> 00:16:43,000 Speaker 1: through Perth. And I wouldn't have known that if Wikipedia 268 00:16:43,000 --> 00:16:46,320 Speaker 1: hadn't told me so thank you, thank you Wikipedia. But 269 00:16:46,800 --> 00:16:49,640 Speaker 1: with that, yeah, with that in mind, the idea about 270 00:16:49,680 --> 00:16:52,400 Speaker 1: privacy being a new privilege of the elite is another 271 00:16:52,480 --> 00:16:55,280 Speaker 1: podcast that we could explore to We've got a lot 272 00:16:55,280 --> 00:16:59,160 Speaker 1: of potential here at UM. There's another theory, and the 273 00:16:59,160 --> 00:17:02,520 Speaker 1: theory is that bank have always controlled the stock market 274 00:17:02,520 --> 00:17:05,720 Speaker 1: and the big fight is actually between US banks and 275 00:17:05,760 --> 00:17:07,960 Speaker 1: European banks. Now, listeners, I know a lot of you 276 00:17:07,960 --> 00:17:10,840 Speaker 1: guys are gonna say, there's not really difference. It all 277 00:17:10,840 --> 00:17:13,840 Speaker 1: goes back to the city of London. Oh what what? 278 00:17:13,920 --> 00:17:17,680 Speaker 1: Which is a weird, creepy, anachronistic thing to begin with, 279 00:17:17,840 --> 00:17:21,800 Speaker 1: and we should also do a show on that. And historically, 280 00:17:21,840 --> 00:17:25,879 Speaker 1: the US presidents we're against these kind of central banking 281 00:17:25,920 --> 00:17:30,000 Speaker 1: systems that um that often lobbied to move away from 282 00:17:30,000 --> 00:17:35,480 Speaker 1: the standards, the hard standards like gold standards are still silver, um. 283 00:17:36,119 --> 00:17:38,320 Speaker 1: And then you've had these other competing interests of the 284 00:17:38,320 --> 00:17:42,320 Speaker 1: bankers that always wanted this not always, but many times 285 00:17:42,320 --> 00:17:44,800 Speaker 1: wanted a fiat currency like the one that we have 286 00:17:44,960 --> 00:17:49,480 Speaker 1: right now, controlled by a central organization, right, a quasi 287 00:17:49,520 --> 00:17:54,320 Speaker 1: governmental organizations often called uh yeah, we know it's true, 288 00:17:54,440 --> 00:17:57,520 Speaker 1: maybe not all, but many US presidents were against these 289 00:17:57,560 --> 00:18:01,840 Speaker 1: sorts of banking systems. Got a quote here from James Garfield, 290 00:18:01,960 --> 00:18:05,679 Speaker 1: whom some of you may remember, I mean remember reading 291 00:18:05,720 --> 00:18:07,800 Speaker 1: about unless you were very very old, and which kids 292 00:18:07,880 --> 00:18:09,960 Speaker 1: contact us with You know what I remember from high school? 293 00:18:10,000 --> 00:18:17,120 Speaker 1: Did he get hurt or spoiler? Here we go from 294 00:18:17,160 --> 00:18:21,360 Speaker 1: his inaugural speech. The chief duty of the National government, 295 00:18:21,359 --> 00:18:23,680 Speaker 1: in connection with the currency of the country, is to 296 00:18:23,800 --> 00:18:27,160 Speaker 1: coin money and declare its value. Grave doubts have been 297 00:18:27,320 --> 00:18:30,960 Speaker 1: entertained whether Congress is authorized by the Constitution to make 298 00:18:31,000 --> 00:18:34,879 Speaker 1: any form of paper money legal tender. The present issue 299 00:18:34,920 --> 00:18:37,399 Speaker 1: of the United States notes has been sustained by the 300 00:18:37,480 --> 00:18:40,920 Speaker 1: necessities of war. But such papers should depend for its 301 00:18:41,000 --> 00:18:44,200 Speaker 1: value and currency upon its convenience and use, and its 302 00:18:44,200 --> 00:18:46,800 Speaker 1: prompt redemption and coin at the will of the holder, 303 00:18:47,040 --> 00:18:52,600 Speaker 1: and not upon its compulsory circulation. These notes are not money, 304 00:18:52,680 --> 00:18:56,200 Speaker 1: but promises to pay money. If the holders demanded, the 305 00:18:56,280 --> 00:19:01,640 Speaker 1: promise must be kept. Days later, he died of what 306 00:19:02,520 --> 00:19:09,479 Speaker 1: dysentery on the Oregon trail. No, no, he was assassinated, 307 00:19:09,720 --> 00:19:11,920 Speaker 1: which you know, not to not to make too much 308 00:19:12,000 --> 00:19:14,880 Speaker 1: light of it, and not to say those are necessarily connected. 309 00:19:14,920 --> 00:19:17,960 Speaker 1: But yes, he died of assassination. So that's one theory 310 00:19:18,000 --> 00:19:20,359 Speaker 1: that banks have already controlled it. And then there's a 311 00:19:20,400 --> 00:19:23,880 Speaker 1: different idea, and that's that the stock markets function as 312 00:19:23,920 --> 00:19:27,800 Speaker 1: these money managing or siphoning tools. So if you can 313 00:19:27,920 --> 00:19:31,199 Speaker 1: do a quick example North Korea. So North Korea has 314 00:19:31,240 --> 00:19:33,400 Speaker 1: a booming black market because it was the only way 315 00:19:33,440 --> 00:19:37,240 Speaker 1: for many people to survive, right uh, selling goods from China, 316 00:19:37,520 --> 00:19:42,840 Speaker 1: cell phone, South Korean soap operas, methamphetamine, and and they 317 00:19:42,880 --> 00:19:47,240 Speaker 1: begin to save money. They were cruing savings. This could 318 00:19:47,240 --> 00:19:51,280 Speaker 1: be a problem for the uh, for the regime or 319 00:19:51,320 --> 00:19:55,680 Speaker 1: for the government. And at one point they just said, okay, 320 00:19:55,720 --> 00:19:59,680 Speaker 1: we're changing the valuation of the money. So everybody lost 321 00:20:00,600 --> 00:20:04,119 Speaker 1: the cash that they had made. And this other theory 322 00:20:04,320 --> 00:20:09,160 Speaker 1: about the economic system, called this talk market, is that 323 00:20:09,440 --> 00:20:12,080 Speaker 1: it's the same kind of scheme. Yeah, well it yeah. 324 00:20:12,080 --> 00:20:16,119 Speaker 1: I remember seeing something about the thirty year cycle of 325 00:20:16,280 --> 00:20:19,360 Speaker 1: boom and bus to where I guess the people who 326 00:20:19,400 --> 00:20:22,520 Speaker 1: are of a certain age will be able to profit, 327 00:20:22,560 --> 00:20:26,879 Speaker 1: profit for a generation and then retire and then uh, 328 00:20:27,040 --> 00:20:29,720 Speaker 1: then it starts over again. It falls. Then you kind 329 00:20:29,720 --> 00:20:33,280 Speaker 1: of get this thirty year cycle. I don't know, Um, 330 00:20:33,320 --> 00:20:37,959 Speaker 1: it's an interesting theory. Well, it's Uh, it's funny because 331 00:20:38,440 --> 00:20:43,439 Speaker 1: do you remember Dilbert comics Dilute. Yeah, well, the creator, 332 00:20:43,520 --> 00:20:45,919 Speaker 1: Scott Adams believe that this is the case, or he 333 00:20:45,960 --> 00:20:49,480 Speaker 1: did at one time. Oh uh, he actually wrote about 334 00:20:49,480 --> 00:20:53,080 Speaker 1: it in twenty blog post. My prediction is based on 335 00:20:53,119 --> 00:20:56,560 Speaker 1: the observation that the stock market appears to move as 336 00:20:56,600 --> 00:21:00,200 Speaker 1: if it's manipulated by a network of big players. They 337 00:21:00,280 --> 00:21:03,919 Speaker 1: lure in the small excitable investors by allowing the market 338 00:21:03,960 --> 00:21:06,680 Speaker 1: to show a year or two of solid gains. Then 339 00:21:06,760 --> 00:21:09,760 Speaker 1: they sell their shares, spooked the world with predictions of doom, 340 00:21:10,080 --> 00:21:14,960 Speaker 1: and buy back into the market at lower prices. Interesting 341 00:21:15,040 --> 00:21:19,679 Speaker 1: quote there, Ben, Yeah, that's pretty interesting, Matt. And you 342 00:21:19,680 --> 00:21:21,840 Speaker 1: know there have been other people, of course who have 343 00:21:21,960 --> 00:21:25,760 Speaker 1: said this. Uh Scott Adams a very smart, very clever man. 344 00:21:26,160 --> 00:21:30,960 Speaker 1: Uh not necessarily an economists by trade. I hope I 345 00:21:30,960 --> 00:21:33,880 Speaker 1: don't have to eat those words later if you are 346 00:21:33,960 --> 00:21:37,480 Speaker 1: actually an economist by trades, or I apologize to Wikipedia. 347 00:21:37,600 --> 00:21:40,040 Speaker 1: To Wikipedia. So okay, I have to bring this one up. 348 00:21:40,280 --> 00:21:42,879 Speaker 1: I just have to one of my favorite conspiracies of 349 00:21:42,920 --> 00:21:45,879 Speaker 1: all time. So there's another one that this that the 350 00:21:46,000 --> 00:21:51,840 Speaker 1: stock market collapses might be a part of Project Blue Beam. 351 00:21:51,960 --> 00:21:56,000 Speaker 1: Oh yeah, this is a This is a long time 352 00:21:56,280 --> 00:21:59,800 Speaker 1: favorite of Matt's, you guys, So Matt break it down 353 00:21:59,840 --> 00:22:03,359 Speaker 1: for us. What is Project blue Beam? Oh man again, 354 00:22:03,400 --> 00:22:07,359 Speaker 1: all right? So Project blue Beam states that some force, 355 00:22:07,640 --> 00:22:11,440 Speaker 1: probably a government, would use this technology that they call 356 00:22:11,560 --> 00:22:15,640 Speaker 1: blue beam that somewhat exists now actually, where you can 357 00:22:15,880 --> 00:22:20,720 Speaker 1: project a hologram onto water vapor and you have what 358 00:22:20,920 --> 00:22:23,119 Speaker 1: seems to be a three D object or three D 359 00:22:23,280 --> 00:22:26,199 Speaker 1: something just floating in the middle of the air. The 360 00:22:26,280 --> 00:22:30,040 Speaker 1: idea is to make these holograms of religious figures and 361 00:22:30,119 --> 00:22:32,639 Speaker 1: have them come back in various parts of the earth 362 00:22:33,040 --> 00:22:37,000 Speaker 1: and have a religious um revival of sorts. But then 363 00:22:37,640 --> 00:22:42,959 Speaker 1: the deities slash whoever that maybe they say, oh no, no, no, 364 00:22:43,040 --> 00:22:45,920 Speaker 1: you guys, we've you've guys have gotten religion all wrong. 365 00:22:47,000 --> 00:22:51,240 Speaker 1: And then there's one basically one religion that comes together 366 00:22:51,320 --> 00:22:55,680 Speaker 1: throughout the entire world, helping to um solidify the new 367 00:22:55,720 --> 00:22:58,600 Speaker 1: one world government that would also be ushered in. And 368 00:22:58,760 --> 00:23:02,440 Speaker 1: this would come at after a series of manufactured crises, 369 00:23:02,520 --> 00:23:06,800 Speaker 1: right exactly. So everyone's at there at the brink of 370 00:23:06,840 --> 00:23:10,280 Speaker 1: what they think is disaster, lost all their money, servation. 371 00:23:10,440 --> 00:23:13,880 Speaker 1: Then the deities come, Everything's fine, anyway, I love it. 372 00:23:13,880 --> 00:23:19,240 Speaker 1: It's so it's just it's just a great apocalyptic vision. 373 00:23:20,400 --> 00:23:24,040 Speaker 1: I just like technology and religion. I just have a weird, 374 00:23:24,600 --> 00:23:27,320 Speaker 1: a weird image in my head if somebody's sitting around 375 00:23:27,400 --> 00:23:29,479 Speaker 1: the u N and someone else going You know. What 376 00:23:29,520 --> 00:23:33,320 Speaker 1: I like about that is that it's simple. It's just 377 00:23:33,440 --> 00:23:37,680 Speaker 1: easy ships, it's cheap. We know it'll work. It's simple. 378 00:23:38,200 --> 00:23:40,679 Speaker 1: But here's the other thing. When we talk about this 379 00:23:40,720 --> 00:23:42,840 Speaker 1: idea of one world government, of course we have to 380 00:23:42,920 --> 00:23:48,280 Speaker 1: also mention the Illuminati. These are the people that will 381 00:23:48,320 --> 00:23:52,280 Speaker 1: be blamed for so many different things. Those sons of 382 00:23:53,119 --> 00:23:56,560 Speaker 1: we have. We have a series on the Illuminati, and 383 00:23:56,640 --> 00:23:59,560 Speaker 1: they pop up fairly frequently in a lot of the 384 00:23:59,560 --> 00:24:02,919 Speaker 1: stuff that we look at. And yes, conclusively, if no 385 00:24:02,960 --> 00:24:05,040 Speaker 1: one has told you, if you haven't seen our video yet, 386 00:24:05,320 --> 00:24:10,439 Speaker 1: there is Slash was a real Illuminati. The claims the 387 00:24:10,520 --> 00:24:13,080 Speaker 1: group makes are maybe not the claims you would here 388 00:24:13,119 --> 00:24:17,600 Speaker 1: associated with the Illuminati today, uh there, but there is 389 00:24:17,640 --> 00:24:20,480 Speaker 1: a historical precedent. It's a real thing. It was at 390 00:24:20,480 --> 00:24:25,560 Speaker 1: one time at least apparently. They are also manipulating the 391 00:24:25,600 --> 00:24:29,600 Speaker 1: stock market. The Illuminati that we have heard are rumored 392 00:24:29,640 --> 00:24:32,879 Speaker 1: to exist and they're doing this because they want to 393 00:24:32,920 --> 00:24:38,680 Speaker 1: eventually break down the current national and international borders, creating 394 00:24:38,880 --> 00:24:46,680 Speaker 1: one global system under the rule of this group. Uh 395 00:24:47,000 --> 00:24:48,840 Speaker 1: kind of, it's kind of similar to just kind of 396 00:24:48,920 --> 00:24:55,400 Speaker 1: change the players a little bit and some of the machinations. Um. 397 00:24:55,440 --> 00:24:58,280 Speaker 1: So the next one is that there is this secret 398 00:24:58,400 --> 00:25:03,399 Speaker 1: stock market that's for the fee only, Okay, and the 399 00:25:03,480 --> 00:25:07,320 Speaker 1: idea that insider trading is only a crime if you're 400 00:25:07,359 --> 00:25:10,879 Speaker 1: one of the people who was not inside this insider group. 401 00:25:11,359 --> 00:25:16,680 Speaker 1: I see. And so yeah, if you hit Caughton, you're 402 00:25:16,680 --> 00:25:19,400 Speaker 1: not in the group. Um. Sorry, But if you are 403 00:25:19,400 --> 00:25:21,119 Speaker 1: in the group, then hey man, you're good to go, 404 00:25:21,280 --> 00:25:24,000 Speaker 1: and you can just get as much infinite money, really 405 00:25:24,160 --> 00:25:26,600 Speaker 1: just get infinite money. So it's like it's like a 406 00:25:26,680 --> 00:25:30,439 Speaker 1: hack of some sort. Here's yeah, yeah, here's the question 407 00:25:30,640 --> 00:25:35,120 Speaker 1: I have with that. Have we reached a point from 408 00:25:35,160 --> 00:25:39,440 Speaker 1: a regulatory standpoint? Have we reached a point where these finds, 409 00:25:39,560 --> 00:25:43,080 Speaker 1: which pale in comparison at times to the profits, are 410 00:25:43,440 --> 00:25:47,439 Speaker 1: becoming just part of the cost of doing business. I, 411 00:25:48,080 --> 00:25:52,000 Speaker 1: as an uneducated person in the world of economics, would 412 00:25:52,000 --> 00:25:57,200 Speaker 1: say absolutely, yeah. Neither of us are experts and economics 413 00:25:57,240 --> 00:26:00,680 Speaker 1: we are relaying the official stuff we know, and then 414 00:26:00,760 --> 00:26:02,560 Speaker 1: the theories that we have heard and we love to 415 00:26:02,560 --> 00:26:05,720 Speaker 1: hear from. You. Also tell us what you think about 416 00:26:05,800 --> 00:26:09,000 Speaker 1: these theories. Do any of these hold water? Uh? And 417 00:26:09,160 --> 00:26:12,919 Speaker 1: we're going to go to one other subject, but before 418 00:26:12,960 --> 00:26:16,040 Speaker 1: we do, let's pause for a word from our sponsor. Mean, 419 00:26:18,080 --> 00:26:20,920 Speaker 1: I can't believe I got another passive aggressive phone call 420 00:26:21,000 --> 00:26:25,840 Speaker 1: from the SEC and the FED. Well, Hi there, friends. Uh, 421 00:26:26,000 --> 00:26:28,480 Speaker 1: I was over there just burning hundred dollar bills, throwing 422 00:26:28,520 --> 00:26:30,760 Speaker 1: them at a dandered animals. And I couldn't help it 423 00:26:30,840 --> 00:26:33,720 Speaker 1: over here that you've got something on your mind. Yeah, 424 00:26:33,760 --> 00:26:37,280 Speaker 1: that's those dips over the regulatory agencies. Every time I 425 00:26:37,320 --> 00:26:39,119 Speaker 1: try to bend the rules a little and make some 426 00:26:39,280 --> 00:26:42,760 Speaker 1: major units, they email me or text me or get 427 00:26:42,800 --> 00:26:45,159 Speaker 1: me on an app, and they just they tell me 428 00:26:45,200 --> 00:26:47,800 Speaker 1: not to do it. Man, can you believe it? I mean, 429 00:26:47,880 --> 00:26:49,840 Speaker 1: I have to pay for the calls I received, you know, 430 00:26:50,480 --> 00:26:53,399 Speaker 1: it could be as much as ten cents per text message. Dude, 431 00:26:53,640 --> 00:26:56,440 Speaker 1: Why that's not fair. That's money out of your pocket. 432 00:26:56,720 --> 00:26:58,879 Speaker 1: Who do they think they are? Don't they want to 433 00:26:58,920 --> 00:27:01,760 Speaker 1: work here after they've served their public sector time. That's 434 00:27:01,800 --> 00:27:04,359 Speaker 1: the thing. I can't stop answering their calls because I 435 00:27:04,440 --> 00:27:07,080 Speaker 1: need them on our side, right And what if our 436 00:27:07,119 --> 00:27:10,040 Speaker 1: people get replaced by some sort of white knight, you know? 437 00:27:10,440 --> 00:27:13,280 Speaker 1: Can you imagine how ridiculously inconvenient it would be if 438 00:27:13,320 --> 00:27:16,480 Speaker 1: a FED or SEC agent actually try to enforce the 439 00:27:16,560 --> 00:27:19,840 Speaker 1: rules and trying to make us play fair. Never playing 440 00:27:19,960 --> 00:27:23,000 Speaker 1: unfair is unfair to us. But don't worry, friend, I 441 00:27:23,160 --> 00:27:25,440 Speaker 1: have some news for you. Why don't you just check 442 00:27:25,480 --> 00:27:28,520 Speaker 1: out my phone? Here? You see this app? Oh? What 443 00:27:28,720 --> 00:27:32,040 Speaker 1: is that? It's the new se c A. Each and 444 00:27:32,119 --> 00:27:34,719 Speaker 1: every time a future employee of a private bank currently 445 00:27:34,760 --> 00:27:37,480 Speaker 1: pretending to regulate the giants of the industry sends a lame, 446 00:27:37,600 --> 00:27:40,919 Speaker 1: please stop message to you, sec A will defer the 447 00:27:40,960 --> 00:27:44,680 Speaker 1: call to our outsourced center, where automated voice acting software 448 00:27:44,720 --> 00:27:47,560 Speaker 1: will pretend to listen to their complaints, promise to do 449 00:27:47,640 --> 00:27:50,200 Speaker 1: whatever it is supposed to be legal to do this week, 450 00:27:50,400 --> 00:27:56,120 Speaker 1: and even display empathy when the regulator confesses personal information. Empathy. Yeah, 451 00:27:56,160 --> 00:27:59,080 Speaker 1: I don't know. I think it's a thing for poor people. Listen. 452 00:27:59,400 --> 00:28:02,600 Speaker 1: Sec it doesn't just deflect, It also compiles a list 453 00:28:02,640 --> 00:28:05,560 Speaker 1: of information from each call that will be analyzed and 454 00:28:05,680 --> 00:28:11,000 Speaker 1: automatically parse for insider information. To maximize your trades. I 455 00:28:11,040 --> 00:28:13,919 Speaker 1: don't have to do anything. Why should you? Doesn't the 456 00:28:13,960 --> 00:28:16,400 Speaker 1: world owe you a favor? Aren't you tired of people 457 00:28:16,440 --> 00:28:19,280 Speaker 1: getting mad at you because they weren't privileged enough to cheat. 458 00:28:19,520 --> 00:28:21,399 Speaker 1: They do the same thing to you in a second. 459 00:28:21,960 --> 00:28:26,320 Speaker 1: Maybe you know, I don't really think about other people 460 00:28:26,400 --> 00:28:29,399 Speaker 1: that much, and now you'll have to think even less. 461 00:28:29,760 --> 00:28:33,720 Speaker 1: Do we have a deal? Yeah? Say who are you? Well? 462 00:28:33,720 --> 00:28:39,040 Speaker 1: I'm a robot. SEC has not approved by the SEC, 463 00:28:39,120 --> 00:28:41,120 Speaker 1: the Federal Government, the Federal Reserve, the Democratic Peoples Republic 464 00:28:41,120 --> 00:28:42,720 Speaker 1: of North Korea, Michael McDonald. They cast of a team 465 00:28:42,720 --> 00:28:44,120 Speaker 1: the inventor of the inflatable Life After with the producers 466 00:28:44,120 --> 00:28:45,800 Speaker 1: of Big Trouble and Little Chinla. A SEC is legally 467 00:28:45,840 --> 00:28:47,800 Speaker 1: required to notify you that the consequences of using SEC 468 00:28:48,080 --> 00:28:49,760 Speaker 1: rest entirely on the user and his or hers nepotistic 469 00:28:49,800 --> 00:28:51,640 Speaker 1: influence or bank accounts. SEC of maybe have it. Forming 470 00:28:51,640 --> 00:28:53,320 Speaker 1: a SEC is not a substitute for bribery for loaned. 471 00:28:53,400 --> 00:28:55,360 Speaker 1: Use of SEC may lead to world trititudes, slaunching ethics, 472 00:28:55,360 --> 00:28:57,200 Speaker 1: well deserve cocaine related health problems, and in some cases, 473 00:28:57,200 --> 00:28:58,760 Speaker 1: bloody revolution. You are in the pyramid, but not at 474 00:28:58,760 --> 00:29:00,160 Speaker 1: the level you believe, and you have considered this from 475 00:29:00,160 --> 00:29:03,120 Speaker 1: the wrong perspective by consume obey. Sec is a product 476 00:29:03,120 --> 00:29:14,800 Speaker 1: of illumination Global unlimited. And we're back. So Ben, let's 477 00:29:14,840 --> 00:29:20,480 Speaker 1: talk about the future. Ah, yes, the future. So there's 478 00:29:20,520 --> 00:29:23,640 Speaker 1: this thing that we failed to mention in our first 479 00:29:23,680 --> 00:29:27,640 Speaker 1: two videos, and we did it purposefully because we think 480 00:29:28,400 --> 00:29:31,120 Speaker 1: it's one of the more meaty parts of this whole 481 00:29:31,200 --> 00:29:36,320 Speaker 1: wider subject, and that's high frequency trading. Ah. Yes, yes, 482 00:29:36,400 --> 00:29:40,320 Speaker 1: not to be confused with high fructose corn syrup. Yes, 483 00:29:42,120 --> 00:29:45,760 Speaker 1: slightly slightly different. That's my valuable contribution to this part 484 00:29:45,760 --> 00:29:48,040 Speaker 1: of the conversation. I wonder how easy it is to 485 00:29:48,080 --> 00:29:51,160 Speaker 1: get from high frequency trading to high fructose corn syrup 486 00:29:51,160 --> 00:29:54,280 Speaker 1: on Wikipedia. Well you know what, I bet there's a 487 00:29:54,360 --> 00:29:58,680 Speaker 1: rabbit hole there somewhere. Uh. So it's interesting because high 488 00:29:58,720 --> 00:30:03,920 Speaker 1: frequency trading is an amazing process from a technical perspective. 489 00:30:04,400 --> 00:30:07,760 Speaker 1: Uh what what is it? Well, Ben, let me tell you. 490 00:30:08,200 --> 00:30:13,280 Speaker 1: High frequency trading is a kind of algorithmic trading of stocks, 491 00:30:13,480 --> 00:30:18,000 Speaker 1: and it uses mathematical models to rapidly trade these things. 492 00:30:18,080 --> 00:30:22,120 Speaker 1: And we're talking fast, like fractions of a second. According 493 00:30:22,160 --> 00:30:25,720 Speaker 1: to Rob Lotty, I'm probably mispronouncing that of the T 494 00:30:26,040 --> 00:30:29,920 Speaker 1: A B B Group h F trades accounted for. That's 495 00:30:29,960 --> 00:30:34,080 Speaker 1: high frequency trades accounted for sixty to seventy percent of 496 00:30:34,120 --> 00:30:38,080 Speaker 1: the total equity trading in two thousand nine, falling to 497 00:30:39,720 --> 00:30:44,000 Speaker 1: in two thousand twelve. Now that's crazy because that seems 498 00:30:44,040 --> 00:30:48,160 Speaker 1: little counterintuitive to people who just heard about high frequency 499 00:30:48,200 --> 00:30:52,800 Speaker 1: trading through things like the flash Crash or Flashboys, And 500 00:30:52,920 --> 00:30:56,120 Speaker 1: just by way of a book recommendation, flashboys is a 501 00:30:56,280 --> 00:30:59,880 Speaker 1: super breed. I really enjoyed it, isn't that Michael Lewis, Yes, yes, 502 00:31:00,520 --> 00:31:03,960 Speaker 1: And we've got we've got some interesting stuff here that 503 00:31:03,960 --> 00:31:07,080 Speaker 1: that you find out about high frequency trading. One of 504 00:31:07,120 --> 00:31:10,600 Speaker 1: those is that this dates back way before two thousand 505 00:31:10,600 --> 00:31:13,120 Speaker 1: and ten. It may have started as soon as electronic 506 00:31:13,400 --> 00:31:17,840 Speaker 1: exchanges were allowed. So what we do know is that 507 00:31:17,920 --> 00:31:22,480 Speaker 1: at this point, high frequency trading is changing the game. 508 00:31:22,520 --> 00:31:24,160 Speaker 1: We won't spend too much time on it because we 509 00:31:24,200 --> 00:31:26,400 Speaker 1: have videos about it, um, but I do want to 510 00:31:26,400 --> 00:31:28,360 Speaker 1: make a couple of corrections to some things that I 511 00:31:28,440 --> 00:31:32,440 Speaker 1: got wrong in the videos. I misspoke they can take 512 00:31:32,440 --> 00:31:37,720 Speaker 1: a trade in point zero three seconds, not point three. Well, 513 00:31:37,760 --> 00:31:40,240 Speaker 1: I will annotate that, and hopefully if you watch the 514 00:31:40,320 --> 00:31:43,480 Speaker 1: video you'll know yeah, we do try to make corrections, 515 00:31:43,520 --> 00:31:45,520 Speaker 1: will get something wrong, and that was a slip on 516 00:31:45,600 --> 00:31:50,880 Speaker 1: my part. But regardless, it is true that high frequency 517 00:31:50,920 --> 00:31:55,120 Speaker 1: trading depends on very very small time increments Millet, you're 518 00:31:55,160 --> 00:32:00,960 Speaker 1: even micro seconds. But is it legal? Well, that depends, uh. 519 00:32:01,120 --> 00:32:04,840 Speaker 1: Question one. Are you listening to this in let's say October, 520 00:32:06,080 --> 00:32:10,479 Speaker 1: Then yes, it is legal. Um. It seems like one 521 00:32:10,520 --> 00:32:13,160 Speaker 1: of those things that will be changed further down the 522 00:32:13,240 --> 00:32:16,640 Speaker 1: road at least looked at a little more closely, but 523 00:32:16,840 --> 00:32:20,880 Speaker 1: for right now, yes, it is legal, all right, and 524 00:32:20,960 --> 00:32:23,840 Speaker 1: we know that in some places it's even accepted, like 525 00:32:23,920 --> 00:32:28,320 Speaker 1: one of the more recent laws involving high frequency trading 526 00:32:28,400 --> 00:32:32,040 Speaker 1: comes from oddly enough Italy, who are charging point zero 527 00:32:32,200 --> 00:32:36,560 Speaker 1: zero zero two euro on trades that last less than 528 00:32:36,600 --> 00:32:40,880 Speaker 1: half a second. So that's clearly targeted at high frequency trades. 529 00:32:41,320 --> 00:32:45,400 Speaker 1: And knowing the volume of high frequency trades that can 530 00:32:45,400 --> 00:32:49,960 Speaker 1: occur in that kind of situation, then they may be banking. 531 00:32:50,080 --> 00:32:53,440 Speaker 1: We don't know yet. That feels like the office space 532 00:32:54,280 --> 00:32:57,960 Speaker 1: a scheme, Do you remember that. Yeah, it feels like 533 00:32:58,240 --> 00:33:01,120 Speaker 1: they're putting a tax as a warm account, and that's 534 00:33:01,200 --> 00:33:04,120 Speaker 1: kind of what you know. High frequency traders make a 535 00:33:04,160 --> 00:33:07,400 Speaker 1: lot of money in very small increments, right, so they 536 00:33:07,840 --> 00:33:10,800 Speaker 1: add up, So we man, No, I have to ask 537 00:33:10,840 --> 00:33:14,720 Speaker 1: you personally, do you think that high frequency trading is wrong? 538 00:33:17,560 --> 00:33:21,520 Speaker 1: That's a tough one. Yeah. I'm gonna go out and 539 00:33:22,960 --> 00:33:25,880 Speaker 1: jump ahead and answer, I don't really think it is. 540 00:33:26,000 --> 00:33:28,320 Speaker 1: I don't think it's fair, but I don't think the 541 00:33:28,360 --> 00:33:33,200 Speaker 1: stock market is fair. Yeah, Okay. That that is an 542 00:33:33,280 --> 00:33:37,320 Speaker 1: interesting way to frame it, because it seems like if 543 00:33:37,360 --> 00:33:39,280 Speaker 1: you have the ability to do this and no one's 544 00:33:39,320 --> 00:33:42,840 Speaker 1: telling you that you can't do it um and there 545 00:33:42,960 --> 00:33:45,280 Speaker 1: isn't a at least some kind of penalty, like like 546 00:33:45,360 --> 00:33:49,600 Speaker 1: Italy has introduced that would just make you maybe think 547 00:33:49,640 --> 00:33:53,920 Speaker 1: twice about it, then I guess I guess it's not wrong. 548 00:33:54,040 --> 00:33:55,800 Speaker 1: I think it's just Yeah, you're right, it's the system 549 00:33:55,800 --> 00:33:59,600 Speaker 1: overall that I have a problem with. So we know 550 00:33:59,800 --> 00:34:04,560 Speaker 1: that at we know that typically a technology like this, 551 00:34:04,680 --> 00:34:07,280 Speaker 1: or the application of a technology like this is what 552 00:34:08,160 --> 00:34:12,520 Speaker 1: Jonathan over tech Stuff would call disruptive, just just the 553 00:34:12,560 --> 00:34:17,200 Speaker 1: same way that Amazon's order online model was disruptive to 554 00:34:17,239 --> 00:34:19,360 Speaker 1: break and mortar bookstores, which I think we mentioned in 555 00:34:19,360 --> 00:34:24,360 Speaker 1: the video, and just as Google, for example, or Uber 556 00:34:24,480 --> 00:34:27,400 Speaker 1: or something like that, it makes me think of a 557 00:34:27,960 --> 00:34:32,120 Speaker 1: strange story, which is a sports analogy. You know, originally, 558 00:34:32,719 --> 00:34:37,279 Speaker 1: when baseball gloves came out, they were considered cheating in 559 00:34:37,320 --> 00:34:42,080 Speaker 1: addition to being unmanly. Oh now that is right there. Yeah, 560 00:34:42,160 --> 00:34:44,000 Speaker 1: I think the last part was more of an insult 561 00:34:44,040 --> 00:34:48,440 Speaker 1: than cheating. But now they are an accepted part of 562 00:34:48,480 --> 00:34:52,919 Speaker 1: the game. And when people argue, for instance, about performance 563 00:34:53,000 --> 00:34:58,719 Speaker 1: enhancing drugs in sports, um, the idea of high frequency 564 00:34:58,760 --> 00:35:03,960 Speaker 1: trading is another technological step. Now, I'm not saying it's 565 00:35:04,040 --> 00:35:06,600 Speaker 1: one on one comparison to using a baseball glove or 566 00:35:06,719 --> 00:35:11,080 Speaker 1: taking steroids, but it is an edge and in a 567 00:35:11,120 --> 00:35:14,640 Speaker 1: competitive place, people are going to try to do that stuff. 568 00:35:14,680 --> 00:35:19,400 Speaker 1: I'm wondering if it's already too late to curtail this. 569 00:35:19,640 --> 00:35:23,320 Speaker 1: If the future of stock market trading is going to 570 00:35:23,400 --> 00:35:27,680 Speaker 1: be a bunch of very very fast, very smart algorithms 571 00:35:27,680 --> 00:35:30,480 Speaker 1: in an internal jam session. It seems like that's where 572 00:35:30,520 --> 00:35:34,880 Speaker 1: it's heading because humans just can't make those calculations. Uh, 573 00:35:34,920 --> 00:35:38,200 Speaker 1: they're yeah, it's just not possible with the speed that 574 00:35:38,239 --> 00:35:42,880 Speaker 1: they do. And oh man, that that's that's terrifying. It 575 00:35:42,880 --> 00:35:46,600 Speaker 1: feels like maybe machines are going to be taking over 576 00:35:47,080 --> 00:35:50,680 Speaker 1: our economy. Ben. You know, I would say that we 577 00:35:50,760 --> 00:35:55,000 Speaker 1: still will need human beings to clean the machines, to 578 00:35:55,280 --> 00:35:58,080 Speaker 1: turn it off and turn it back on. It sound 579 00:35:58,080 --> 00:36:00,880 Speaker 1: like a Twilight episode, you know, um, but that's an 580 00:36:00,920 --> 00:36:04,400 Speaker 1: interesting idea that could robots take over the economy or 581 00:36:04,520 --> 00:36:09,960 Speaker 1: even the world, the world, the world, the world, the world, 582 00:36:10,440 --> 00:36:14,600 Speaker 1: the world. We would all right, well, yeah, I guess 583 00:36:14,600 --> 00:36:17,120 Speaker 1: we'll just we'll cover that another day. We are going 584 00:36:17,160 --> 00:36:19,400 Speaker 1: to do that, right then, Yeah, I hope so awesome. 585 00:36:19,680 --> 00:36:22,640 Speaker 1: Well for now, why don't you tell us what you 586 00:36:22,680 --> 00:36:25,160 Speaker 1: think about this stuff? What do you think about high 587 00:36:25,160 --> 00:36:30,360 Speaker 1: frequency trading? Is it good? Is it bad? Is it lukewarm? 588 00:36:30,360 --> 00:36:33,000 Speaker 1: You don't really care? And what what do you think 589 00:36:33,040 --> 00:36:38,520 Speaker 1: about the idea of someone purposefully and personally orchestrating a 590 00:36:38,680 --> 00:36:43,080 Speaker 1: market wide boom or bust? Could could a group of 591 00:36:43,120 --> 00:36:47,719 Speaker 1: people overcome all the other very powerful interests around the 592 00:36:47,760 --> 00:36:51,600 Speaker 1: world or in a market to sink it or you know, 593 00:36:51,640 --> 00:36:56,040 Speaker 1: blow up the bubble. I'm I'm curious because I don't know. 594 00:36:56,320 --> 00:36:58,279 Speaker 1: I don't know if it's possible. I mean, I think 595 00:36:58,360 --> 00:37:01,279 Speaker 1: theoretically it is possible. But let us know what you think, 596 00:37:01,600 --> 00:37:05,279 Speaker 1: who would do this? And how awesome you can talk 597 00:37:05,320 --> 00:37:08,640 Speaker 1: to us on Facebook. We are conspiracy Stuff. There. You 598 00:37:08,640 --> 00:37:11,520 Speaker 1: can find us on Twitter. We are at conspiracy Stuff. 599 00:37:11,920 --> 00:37:14,040 Speaker 1: Go to our website, Stuff they Don't Want You to 600 00:37:14,080 --> 00:37:18,600 Speaker 1: Know dot com. It is the best and that's the 601 00:37:18,719 --> 00:37:22,160 Speaker 1: end of this classic episode. If you have any thoughts 602 00:37:22,280 --> 00:37:26,120 Speaker 1: or questions about this episode, you can get into contact 603 00:37:26,200 --> 00:37:28,319 Speaker 1: with us in a number of different ways. One of 604 00:37:28,360 --> 00:37:30,160 Speaker 1: the best is to give us a call. Our number 605 00:37:30,239 --> 00:37:33,800 Speaker 1: is one eight three three st d w y t K. 606 00:37:34,320 --> 00:37:36,120 Speaker 1: If you don't want to do that, you can send 607 00:37:36,160 --> 00:37:39,440 Speaker 1: us a good old fashioned email. We are conspiracy at 608 00:37:39,440 --> 00:37:43,080 Speaker 1: I heart radio dot com. Stuff they Don't Want You 609 00:37:43,120 --> 00:37:45,799 Speaker 1: to Know is a production of I Heart Radio. For 610 00:37:45,840 --> 00:37:48,200 Speaker 1: more podcasts from my heart Radio, visit the i heart 611 00:37:48,280 --> 00:37:51,080 Speaker 1: Radio app, Apple Podcasts, or wherever you listen to your 612 00:37:51,080 --> 00:37:51,760 Speaker 1: favorite shows.