1 00:00:01,000 --> 00:00:04,360 Speaker 1: From UFOs two, Ghosts and government cover ups. History is 2 00:00:04,360 --> 00:00:08,000 Speaker 1: writtled with unexplained events. You can turn back now or 3 00:00:08,119 --> 00:00:14,000 Speaker 1: learn the stuff they don't want you to now. Hello, 4 00:00:14,080 --> 00:00:16,400 Speaker 1: welcome back to the show. My name is Matt. And 5 00:00:16,760 --> 00:00:19,360 Speaker 1: then and this is stuff they don't want you to know. 6 00:00:20,000 --> 00:00:22,799 Speaker 1: And you may hear my voice sounding a little strange. 7 00:00:22,840 --> 00:00:26,920 Speaker 1: That's because I cleaned house yesterday. Is that a euphemism 8 00:00:26,960 --> 00:00:30,960 Speaker 1: for something I wish? But no it is not. I 9 00:00:31,040 --> 00:00:34,400 Speaker 1: actually just dusted and swept, and I have some dogs. 10 00:00:34,400 --> 00:00:37,720 Speaker 1: So the amount of hair that just in a week 11 00:00:38,479 --> 00:00:42,599 Speaker 1: can accumulate his astounding. So you do, uh, you do 12 00:00:42,680 --> 00:00:45,880 Speaker 1: like cleaning stuff of your house every week? I mean no, 13 00:00:45,960 --> 00:00:48,800 Speaker 1: not every week, certainly, but this time it was a 14 00:00:48,800 --> 00:00:52,440 Speaker 1: week in like interval between the sweeping in the living 15 00:00:52,520 --> 00:00:55,840 Speaker 1: room and holy crap balls, Oh I can't, Can I 16 00:00:55,880 --> 00:01:00,440 Speaker 1: say that? Yeah? Crap balls? Yeah, there might be a said. 17 00:01:00,560 --> 00:01:03,560 Speaker 1: You know, there's probably someone who sells something called crap 18 00:01:03,600 --> 00:01:08,959 Speaker 1: balls and they're hopefully overjoyed appear in the podcast. Um 19 00:01:09,360 --> 00:01:14,600 Speaker 1: the cake pops. That would be like a crap ball. Well, 20 00:01:14,600 --> 00:01:16,640 Speaker 1: I really hope that we can say crap ball, Matt, 21 00:01:16,680 --> 00:01:18,800 Speaker 1: because this will be about the h it'll be fun. 22 00:01:18,840 --> 00:01:21,160 Speaker 1: If we can't, then Nolan just had bleeped it out 23 00:01:21,360 --> 00:01:23,560 Speaker 1: and every no one will know what we've said. So yeah, 24 00:01:23,600 --> 00:01:26,760 Speaker 1: as always a big hand to our super producer, Mr 25 00:01:26,840 --> 00:01:29,800 Speaker 1: Noel Brown. On the Ones or Two's Matt, I found 26 00:01:29,800 --> 00:01:33,960 Speaker 1: the phrase cleaning house or clean house very interesting because, 27 00:01:34,080 --> 00:01:37,200 Speaker 1: as you know at the time of this recording, Uh, 28 00:01:37,319 --> 00:01:42,240 Speaker 1: some tapes emerged from a whistleblower the Federal Reserve, and uh, 29 00:01:42,280 --> 00:01:46,960 Speaker 1: it's got people in modern America, although not as many 30 00:01:47,000 --> 00:01:51,800 Speaker 1: as I would have thought clamoring for a cows cleaning 31 00:01:51,840 --> 00:01:55,280 Speaker 1: and I do mean as euphemism at the Fed. What 32 00:01:55,400 --> 00:01:58,360 Speaker 1: on earth did those tapes say? Was there something wrong 33 00:01:58,400 --> 00:02:03,000 Speaker 1: in them? Well? A cprently the the whistleblower herself, who 34 00:02:03,080 --> 00:02:07,480 Speaker 1: will probably do in another episode. Uh. She found that 35 00:02:08,400 --> 00:02:12,680 Speaker 1: the Federal Reserve or members of the Federal Reserve had 36 00:02:12,840 --> 00:02:18,760 Speaker 1: a distressingly cozy relationship with some of the very same 37 00:02:19,000 --> 00:02:22,720 Speaker 1: organizations they were supposed to be policing, such as Goldman 38 00:02:22,800 --> 00:02:27,000 Speaker 1: Sachs uh, and that they would have conversations where people 39 00:02:27,040 --> 00:02:29,800 Speaker 1: would say things like, well, you know, do the rules 40 00:02:30,080 --> 00:02:32,799 Speaker 1: really apply that way when you're wealthy? When you when 41 00:02:32,800 --> 00:02:36,400 Speaker 1: you have that much money, do they really know, right, well, 42 00:02:36,440 --> 00:02:39,840 Speaker 1: that was that was the sense that she got. In 43 00:02:40,000 --> 00:02:43,200 Speaker 1: full disclosure. I've yet to listen to all these tapes. 44 00:02:43,240 --> 00:02:46,840 Speaker 1: I've just been reading about them. Yeah, so what we've 45 00:02:47,160 --> 00:02:50,560 Speaker 1: what we found is that this is kind of an 46 00:02:51,320 --> 00:02:55,600 Speaker 1: open secret. But for the average American dare I say, 47 00:02:55,639 --> 00:02:59,160 Speaker 1: the average person in the world, uh, the stock market 48 00:02:59,360 --> 00:03:04,480 Speaker 1: and find it's itself, it's very up too, strange, arcane thing, right, 49 00:03:04,520 --> 00:03:08,000 Speaker 1: Oh yeah. Sure. The complication of it alone is it 50 00:03:08,040 --> 00:03:11,000 Speaker 1: makes someone like me want to turn away because you 51 00:03:11,120 --> 00:03:14,280 Speaker 1: just you there's so much information that you need to 52 00:03:14,800 --> 00:03:19,480 Speaker 1: grasp in order to understand just the basics of what's happening. Right. 53 00:03:19,520 --> 00:03:22,560 Speaker 1: There's some terminology, sure, there's some jargon, but to me, 54 00:03:22,600 --> 00:03:24,240 Speaker 1: I feel like I didn't need to study, like I 55 00:03:24,320 --> 00:03:27,400 Speaker 1: was gonna take a test or something. Yeah, and you know, 56 00:03:27,480 --> 00:03:31,160 Speaker 1: you and I working at how stuff works here. We've 57 00:03:31,480 --> 00:03:35,560 Speaker 1: always thought that it is possible to learn something you 58 00:03:35,600 --> 00:03:39,000 Speaker 1: can take no matter how complex an idea is, it 59 00:03:39,040 --> 00:03:42,200 Speaker 1: can be broken down into certain components. Those components can 60 00:03:42,200 --> 00:03:46,280 Speaker 1: be explored and then soon enough, although piecemeal, you may 61 00:03:46,400 --> 00:03:49,200 Speaker 1: know the entire thing. Uh, it can. It can be 62 00:03:49,360 --> 00:03:52,360 Speaker 1: a tough gig sometimes, but it's worth it. With that mind, 63 00:03:52,600 --> 00:03:55,880 Speaker 1: let's start, uh, enlighten me. What what the heck is 64 00:03:55,880 --> 00:03:58,800 Speaker 1: a stock market? Why do we have these? Well, we 65 00:03:58,880 --> 00:04:03,120 Speaker 1: have stock market speak because capitalism exists, and a couple 66 00:04:03,120 --> 00:04:07,200 Speaker 1: of things happened along the history of capitalism to create 67 00:04:07,240 --> 00:04:10,520 Speaker 1: these fun things that we call stock markets. So there 68 00:04:10,520 --> 00:04:16,320 Speaker 1: are these things called securities, and they're essentially financial instruments 69 00:04:16,360 --> 00:04:20,680 Speaker 1: that serve as investments, let's say, and their respective terms 70 00:04:20,680 --> 00:04:25,040 Speaker 1: are considered to be longer than stocks, but stocks, um, 71 00:04:25,080 --> 00:04:27,279 Speaker 1: they may be more apt to undergo kinds of the 72 00:04:27,320 --> 00:04:29,520 Speaker 1: fluctuations that you see when you look at the stock 73 00:04:29,560 --> 00:04:31,920 Speaker 1: tickers when it goes up a certain amount of points 74 00:04:32,000 --> 00:04:34,400 Speaker 1: or down a certain amount of points um. But then 75 00:04:34,440 --> 00:04:38,880 Speaker 1: these securities they're typically considered to retain a lot more 76 00:04:38,880 --> 00:04:44,480 Speaker 1: of their uh, the stableness of their let's say, their numbers, 77 00:04:44,560 --> 00:04:48,880 Speaker 1: So so they're stable. They're also considered like both assets 78 00:04:48,880 --> 00:04:52,720 Speaker 1: and investments essentially anything you can trade in a lot 79 00:04:52,760 --> 00:04:57,400 Speaker 1: of ways to security. But they're not just stocks. And 80 00:04:57,400 --> 00:04:58,960 Speaker 1: there there are a couple of kinds right, well, there 81 00:04:59,000 --> 00:05:00,920 Speaker 1: are three. These are probab the things that your dad 82 00:05:01,000 --> 00:05:05,400 Speaker 1: is invested in. Just you know that having conversations with 83 00:05:05,440 --> 00:05:07,360 Speaker 1: my father. Over this week. I find out, you know, 84 00:05:07,440 --> 00:05:09,119 Speaker 1: I found out a lot of things that my dad's 85 00:05:09,160 --> 00:05:12,120 Speaker 1: four oh one K is in. Because you know, most 86 00:05:12,160 --> 00:05:14,960 Speaker 1: of our I don't know, I can't say most. A 87 00:05:14,960 --> 00:05:17,600 Speaker 1: lot of the people who work here probably have four 88 00:05:17,640 --> 00:05:20,520 Speaker 1: oh one ks or parents that maybe had a four 89 00:05:20,560 --> 00:05:23,440 Speaker 1: oh one k from the sixties or seventies. Your life 90 00:05:23,520 --> 00:05:26,880 Speaker 1: is just so much more well organized than mine. We'll 91 00:05:26,920 --> 00:05:32,360 Speaker 1: look lean in your house. You're talking to people about money. Well, 92 00:05:32,760 --> 00:05:34,839 Speaker 1: it's one of those things that you have to begin 93 00:05:34,960 --> 00:05:39,159 Speaker 1: to understand when you hit your thirties. Us, I got 94 00:05:39,160 --> 00:05:42,120 Speaker 1: in a fight with a dog over a sandwich last 95 00:05:42,160 --> 00:05:45,840 Speaker 1: week and it was my dog. That's where That's where 96 00:05:45,920 --> 00:05:49,960 Speaker 1: I'm at in life, bro. But anyway, anyway, yeah, okay, 97 00:05:50,080 --> 00:05:53,600 Speaker 1: So there are several different kinds of securities back there. 98 00:05:53,920 --> 00:05:56,799 Speaker 1: So there's a debt security. These are things like bonds, 99 00:05:57,120 --> 00:06:03,040 Speaker 1: bank notes. There are equity secureties. These are your common stocks. Okay, 100 00:06:03,040 --> 00:06:06,280 Speaker 1: so when somebody says stocks, they're probably talking about equity 101 00:06:06,360 --> 00:06:11,560 Speaker 1: securities exactly. And they're also these fun things called derivative securities. 102 00:06:12,120 --> 00:06:18,560 Speaker 1: These are futures now forwards options there, they are derivatives. 103 00:06:18,640 --> 00:06:22,320 Speaker 1: That is the one thing that is that's the thing. 104 00:06:22,360 --> 00:06:25,880 Speaker 1: You might struggle to understand here, as we sort of did, 105 00:06:25,920 --> 00:06:28,800 Speaker 1: but it's you can wrap your head around it. Just 106 00:06:28,839 --> 00:06:33,240 Speaker 1: stay with us. So another definition a share, A share 107 00:06:33,400 --> 00:06:36,599 Speaker 1: is literally that a share of percentage of portion of 108 00:06:36,640 --> 00:06:39,760 Speaker 1: ownership in a company. By having a share, you are 109 00:06:39,839 --> 00:06:44,640 Speaker 1: theoretically entitled to some amount of assets. However, not all 110 00:06:44,640 --> 00:06:47,880 Speaker 1: shares are created equally. There are common shares, they're voting shares. 111 00:06:47,920 --> 00:06:52,159 Speaker 1: There's a difference, and all these shares together form what 112 00:06:52,360 --> 00:06:56,560 Speaker 1: we call a stock, right, And a stock is comprised 113 00:06:56,800 --> 00:07:00,360 Speaker 1: of a certain number of shares a yes, and all 114 00:07:00,440 --> 00:07:04,279 Speaker 1: companies have the same number and certainly not the same 115 00:07:04,400 --> 00:07:07,760 Speaker 1: value per share, and more can be created, which is 116 00:07:07,800 --> 00:07:10,640 Speaker 1: really interesting. That's cool. Uh, it's like some sort of 117 00:07:11,080 --> 00:07:14,560 Speaker 1: magic I mean by which I mean math. Yeah, yeah, yeah, yeah, 118 00:07:14,640 --> 00:07:18,000 Speaker 1: that's what it is. Anyway, it was it was a ero, 119 00:07:18,160 --> 00:07:20,480 Speaker 1: so I'm not sure if it technically counts as a sandwich. 120 00:07:20,720 --> 00:07:23,560 Speaker 1: Going back to that story, we're just jumping every I 121 00:07:23,560 --> 00:07:26,680 Speaker 1: love this. The dog is cool though. So. Uh. You know, 122 00:07:26,800 --> 00:07:30,760 Speaker 1: a company has assets, and assets are everything the company owns, 123 00:07:30,920 --> 00:07:33,480 Speaker 1: right uh. And they also have their earnings, which are 124 00:07:33,640 --> 00:07:37,600 Speaker 1: everything they bring in. So the big question is why 125 00:07:37,720 --> 00:07:41,400 Speaker 1: on earth would a company want to share this with 126 00:07:41,520 --> 00:07:45,280 Speaker 1: the public, right, what what's the what's the gift? What's 127 00:07:45,320 --> 00:07:50,440 Speaker 1: the advantage? Well, the advantage means that you're getting inflow 128 00:07:50,480 --> 00:07:54,640 Speaker 1: of cash or it's kind of an investments into your 129 00:07:54,680 --> 00:07:57,800 Speaker 1: company capital, if you will, so that you can do 130 00:07:57,880 --> 00:08:00,760 Speaker 1: things with your company and then maybe make some money 131 00:08:00,840 --> 00:08:05,360 Speaker 1: and then give back in derivatives to your stockholders. So 132 00:08:05,760 --> 00:08:10,480 Speaker 1: a lot of companies will borrow money, which is debt financing. Uh. 133 00:08:10,600 --> 00:08:14,840 Speaker 1: Then they can in turn sell shares and that's called 134 00:08:14,920 --> 00:08:18,720 Speaker 1: equity financing. Okay, So those two different ways that companies 135 00:08:18,760 --> 00:08:23,320 Speaker 1: can acquire capital. Going back to our amazing pizzeria thing, Uh, 136 00:08:23,640 --> 00:08:25,960 Speaker 1: all right, why would you Why why do so many 137 00:08:25,960 --> 00:08:31,200 Speaker 1: companies prefer to sell stock rather than to accrue debt. Well, 138 00:08:31,520 --> 00:08:35,200 Speaker 1: there's no interests, that's for That's a good starter right there. 139 00:08:35,720 --> 00:08:39,440 Speaker 1: And because there's no interest, there's not even a requirement 140 00:08:39,480 --> 00:08:44,360 Speaker 1: to pay this money back. UM. Selling stock distributes the 141 00:08:44,480 --> 00:08:48,040 Speaker 1: risk among a whole swath of people rather than just 142 00:08:48,120 --> 00:08:51,679 Speaker 1: a small group of investors. UM. So basically, if the 143 00:08:51,720 --> 00:08:55,040 Speaker 1: whole thing just goes belly up, the founders don't have 144 00:08:55,120 --> 00:08:59,400 Speaker 1: to lose everything necessarily. UM. They'll lose smaller chunks of 145 00:08:59,480 --> 00:09:03,320 Speaker 1: every at the stuff, so it distributes liability. That makes sense, 146 00:09:03,520 --> 00:09:07,600 Speaker 1: But they're also disadvantages to playing in the stock market pool. 147 00:09:07,720 --> 00:09:14,480 Speaker 1: One of the biggest and the primary is risk um 148 00:09:14,520 --> 00:09:18,040 Speaker 1: and part of that risk is whether or not the 149 00:09:18,080 --> 00:09:22,480 Speaker 1: game that you're playing, in particular is rigged. Ah. Yes, 150 00:09:22,800 --> 00:09:25,000 Speaker 1: And as we mentioned at the top, you know, recent 151 00:09:25,040 --> 00:09:28,480 Speaker 1: evidence shows that organizations charged with policing the stock market 152 00:09:28,720 --> 00:09:33,079 Speaker 1: have some cozy relationships with some of the groups they're 153 00:09:33,120 --> 00:09:37,400 Speaker 1: supposed to supervisor regulate. But Matt, going back to what 154 00:09:37,720 --> 00:09:40,480 Speaker 1: Goose said, I thought it was very interesting. Is the 155 00:09:40,520 --> 00:09:46,439 Speaker 1: game ragged? Um? I'm just gonna answer that way first 156 00:09:46,760 --> 00:09:49,880 Speaker 1: and then get to it. Well, it's very interesting that 157 00:09:49,880 --> 00:09:53,120 Speaker 1: you would ask that, Ben. Let's get to several of 158 00:09:53,160 --> 00:09:56,920 Speaker 1: these theories that we've been covering this week as some 159 00:09:57,120 --> 00:10:01,520 Speaker 1: here's where it gets crazy. Yes, Well, in fact, we 160 00:10:01,600 --> 00:10:04,040 Speaker 1: have found that it's quite possible for a single group 161 00:10:04,120 --> 00:10:08,520 Speaker 1: to acquire a large enough chunk of stock uh or 162 00:10:08,559 --> 00:10:12,600 Speaker 1: at least one section of the market, to trigger either rise, 163 00:10:12,760 --> 00:10:15,760 Speaker 1: even if it's just a slight rise or fall. And 164 00:10:15,960 --> 00:10:20,040 Speaker 1: this when this happens, the group could theoretically control or 165 00:10:20,080 --> 00:10:24,080 Speaker 1: alter the market in their favor. If they controlled enough 166 00:10:24,160 --> 00:10:26,280 Speaker 1: of the pot. Again we're speaking, you would have to 167 00:10:26,320 --> 00:10:29,959 Speaker 1: have quite a large amount there. Here's a good one, 168 00:10:30,440 --> 00:10:34,000 Speaker 1: one very popular conspiracy theory, because there are quite a 169 00:10:34,080 --> 00:10:37,880 Speaker 1: few conspiracy theories about this stuff, um, some which hold 170 00:10:37,920 --> 00:10:41,760 Speaker 1: more water than others. But this one is if there 171 00:10:41,840 --> 00:10:43,880 Speaker 1: was the greatest hits, this would be one of the 172 00:10:43,880 --> 00:10:46,120 Speaker 1: more recent ones that made it onto the track. With 173 00:10:46,320 --> 00:10:50,000 Speaker 1: this guy's name, you will know George Soros, according to 174 00:10:50,360 --> 00:10:53,560 Speaker 1: Mahat Tire being Mohammed, who is not just some guy 175 00:10:53,600 --> 00:10:56,120 Speaker 1: with an interesting name, but in fact a former prime 176 00:10:56,120 --> 00:10:59,120 Speaker 1: Minister of Malaysia from Maybee one to two thousand three, 177 00:10:59,480 --> 00:11:02,200 Speaker 1: so it's probably minister for a long time. Matt He 178 00:11:02,240 --> 00:11:06,239 Speaker 1: says that George Soros was partially responsible for the economic 179 00:11:06,280 --> 00:11:11,600 Speaker 1: crash of the East Asian markets. The tie boats was 180 00:11:11,960 --> 00:11:14,520 Speaker 1: unpegged from the dollar. And what we mean by that 181 00:11:14,679 --> 00:11:19,080 Speaker 1: is in currency trading or in currency valuation, quite a 182 00:11:19,120 --> 00:11:24,120 Speaker 1: few countries are pegged at a certain amount to a dollar, 183 00:11:24,320 --> 00:11:27,640 Speaker 1: so x amount of boats or whatever, X amount of 184 00:11:27,640 --> 00:11:30,360 Speaker 1: the Thai currency equals one dollar. Um. A lot of 185 00:11:30,360 --> 00:11:34,839 Speaker 1: countries do that, but Thailand didn't. And then Thailand stopped rather. 186 00:11:36,040 --> 00:11:38,600 Speaker 1: In the three years leading towards the crash, says the 187 00:11:38,600 --> 00:11:43,920 Speaker 1: Prime Minister of Malaysia, George Soros, invested in short term uh, 188 00:11:43,960 --> 00:11:48,959 Speaker 1: speculative stocks and real estate and then he just dumped 189 00:11:49,040 --> 00:11:52,320 Speaker 1: them when he heard about the valuation. And then that, 190 00:11:52,679 --> 00:11:57,920 Speaker 1: according to this guy, right dropped the market. So so 191 00:11:58,040 --> 00:12:00,400 Speaker 1: how much did he have that? That's one thing that 192 00:12:00,440 --> 00:12:03,800 Speaker 1: we have learned so much about the speculation involved in 193 00:12:03,800 --> 00:12:07,920 Speaker 1: the stock market and how much a rumor can change 194 00:12:08,000 --> 00:12:13,360 Speaker 1: the entire thing. Oh yeah, there's there's a strange group psychology. Yeah, 195 00:12:13,480 --> 00:12:17,079 Speaker 1: or even just the thought that someone as influential who 196 00:12:17,120 --> 00:12:20,320 Speaker 1: has a lot of something like George Soros looking at 197 00:12:20,360 --> 00:12:22,680 Speaker 1: what he's doing and then going oh, well I need 198 00:12:22,720 --> 00:12:24,680 Speaker 1: to do the same thing, and then you just get 199 00:12:24,720 --> 00:12:29,920 Speaker 1: this wave effect. Like if Warren Buffett, for instance, came 200 00:12:30,040 --> 00:12:32,480 Speaker 1: on National TV and of course they give him a spot. 201 00:12:32,480 --> 00:12:35,679 Speaker 1: He came on National TV and he said, you know 202 00:12:35,760 --> 00:12:40,679 Speaker 1: what is over Hasbro toy market or something like that, 203 00:12:40,760 --> 00:12:45,839 Speaker 1: then they would tank because people follow this uh financial profit. Yeah, 204 00:12:45,880 --> 00:12:49,680 Speaker 1: that's what financial profits. I feel like we need to 205 00:12:49,679 --> 00:12:51,880 Speaker 1: do a whole series on that now. Buten oh I 206 00:12:51,920 --> 00:12:54,600 Speaker 1: don't know, man, Yeah, Okay, we could do it. But 207 00:12:54,640 --> 00:12:57,080 Speaker 1: if we talk about financial profits, we have to talk 208 00:12:57,120 --> 00:13:00,760 Speaker 1: about of course the But I'm gonna say, by far, 209 00:13:00,960 --> 00:13:05,360 Speaker 1: the largest, most well known, most popular conspiracy theory about 210 00:13:05,400 --> 00:13:09,240 Speaker 1: someone controlling the stock market. You mean the Boogeyman family, 211 00:13:10,320 --> 00:13:14,920 Speaker 1: the Rothschild's, or you could really insert pretty much any 212 00:13:15,200 --> 00:13:19,840 Speaker 1: large banking family that's been around four hundreds of years. Yeah, Rockfeller, Morrigan, 213 00:13:20,000 --> 00:13:26,080 Speaker 1: et cetera. So there's this idea that ultimately the Rothchild 214 00:13:26,200 --> 00:13:31,800 Speaker 1: family itself, the entire clan, controls stock markets around the world. Yeah, 215 00:13:31,840 --> 00:13:35,720 Speaker 1: and okay, So here's why it's scary because as a whole, 216 00:13:35,760 --> 00:13:41,880 Speaker 1: the Rothschild family, the dynasty, if you will, is profoundly rich. 217 00:13:42,440 --> 00:13:47,320 Speaker 1: Part true, like ho whoa rich, perhaps the most wealthy 218 00:13:47,400 --> 00:13:50,240 Speaker 1: family in the world or perhaps even the history of 219 00:13:50,280 --> 00:13:54,040 Speaker 1: the world. We literally have no idea how much money 220 00:13:54,080 --> 00:13:57,520 Speaker 1: this family controls, what how many assets they officially have. 221 00:13:57,960 --> 00:14:00,520 Speaker 1: You can just look at the real estate of the 222 00:14:00,600 --> 00:14:03,400 Speaker 1: Rothschild family and your brain will pop right out of 223 00:14:03,400 --> 00:14:06,360 Speaker 1: your head. Yeah. Great wine too, apparently. Oh yeah, that's 224 00:14:06,400 --> 00:14:10,439 Speaker 1: something that people say. Uh. But there's a point here 225 00:14:10,440 --> 00:14:12,240 Speaker 1: where we have to be fair and we have to 226 00:14:12,280 --> 00:14:17,040 Speaker 1: point out that with so many competing interest Uh, it's 227 00:14:17,080 --> 00:14:20,800 Speaker 1: tough to believe that a single entity could control the 228 00:14:21,040 --> 00:14:27,120 Speaker 1: entire global market system. What's more likely would be loosely affiliated, 229 00:14:27,200 --> 00:14:32,440 Speaker 1: maybe influid confederacies of groups that move as their interest aligned. Yeah, 230 00:14:32,480 --> 00:14:34,800 Speaker 1: and it should be noted that the Russild family is 231 00:14:34,960 --> 00:14:39,000 Speaker 1: widespread throughout the world, and perhaps even their own interests 232 00:14:39,080 --> 00:14:43,040 Speaker 1: among the family are competing. So I didn't think about that. Yeah, 233 00:14:43,080 --> 00:14:46,160 Speaker 1: I was looking at I guess the genealogy and just 234 00:14:46,200 --> 00:14:48,720 Speaker 1: looking at where all the people are, what kind of things. 235 00:14:48,960 --> 00:14:53,360 Speaker 1: There's a lot of information about individual rich people on 236 00:14:53,400 --> 00:14:56,440 Speaker 1: the Internet, which kind of freaks me out but also 237 00:14:57,160 --> 00:14:59,320 Speaker 1: makes me glad to know that there's at least some 238 00:14:59,400 --> 00:15:02,800 Speaker 1: kind of tab But Wikipedia has way too much information 239 00:15:02,840 --> 00:15:08,040 Speaker 1: on people. Yeah. Yeah, Wikipedia is fascinating, and I think 240 00:15:08,080 --> 00:15:11,080 Speaker 1: it gets a bad rap sometimes because the people behind 241 00:15:11,160 --> 00:15:13,640 Speaker 1: it are definitely not in it for the money, and 242 00:15:13,920 --> 00:15:16,360 Speaker 1: they're doing some great work at different times. I just 243 00:15:16,400 --> 00:15:20,280 Speaker 1: found out that the that people name different types of 244 00:15:20,360 --> 00:15:23,720 Speaker 1: wind in Australia, and there's one called the Fremantle Doctor. 245 00:15:24,000 --> 00:15:26,640 Speaker 1: It's a name for this consistent sea breeze that goes 246 00:15:26,680 --> 00:15:29,320 Speaker 1: through Perth. And I wouldn't have known that if Wikipedia 247 00:15:29,360 --> 00:15:32,640 Speaker 1: hadn't told me so, thank you, thank you Wikipedia. But 248 00:15:33,120 --> 00:15:35,960 Speaker 1: with that, yeah, with that in mind, the idea about 249 00:15:36,000 --> 00:15:38,760 Speaker 1: privacy being a new privilege of the elite is another 250 00:15:38,800 --> 00:15:41,600 Speaker 1: podcast that we could explore to We've got a lot 251 00:15:41,640 --> 00:15:45,480 Speaker 1: of potential here at UM. There's another theory, and the 252 00:15:45,480 --> 00:15:48,840 Speaker 1: theory is that banks have always controlled the stock market 253 00:15:48,880 --> 00:15:52,080 Speaker 1: and the big fight is actually between US banks and 254 00:15:52,080 --> 00:15:54,320 Speaker 1: European banks. Now, listeners, I know a lot of you 255 00:15:54,320 --> 00:15:57,160 Speaker 1: guys are gonna say, there's not really difference. It all 256 00:15:57,200 --> 00:16:00,520 Speaker 1: goes back to the city of London what it which 257 00:16:00,560 --> 00:16:04,280 Speaker 1: is a weird, creepy, anachronistic thing to begin with, and 258 00:16:04,280 --> 00:16:08,160 Speaker 1: we should also do a show on that. And historically 259 00:16:08,160 --> 00:16:12,200 Speaker 1: the US presidents were against these kind of central banking 260 00:16:12,280 --> 00:16:16,320 Speaker 1: systems that um, that often lobbied to move away from 261 00:16:16,360 --> 00:16:21,840 Speaker 1: the standards, the hard standards like gold standards are still silver, um. 262 00:16:22,440 --> 00:16:24,640 Speaker 1: And then you've had these other competing interests of the 263 00:16:24,640 --> 00:16:28,640 Speaker 1: bankers that always wanted this, not always, but many times 264 00:16:28,640 --> 00:16:31,120 Speaker 1: wanted a fiat currency like the one that we have 265 00:16:31,280 --> 00:16:35,800 Speaker 1: right now, controlled by a central organization, right, a quasi 266 00:16:35,840 --> 00:16:40,640 Speaker 1: governmental organizations often called uh yeah, we know it's true, 267 00:16:40,760 --> 00:16:43,880 Speaker 1: maybe not all, but many US presidents were against these 268 00:16:43,880 --> 00:16:48,239 Speaker 1: sorts of banking systems. Got a quote here from James Garfield, 269 00:16:48,280 --> 00:16:52,000 Speaker 1: whom some of you may remember, I mean remember reading 270 00:16:52,040 --> 00:16:54,200 Speaker 1: about unless you were very very old, and which kids 271 00:16:54,200 --> 00:16:56,320 Speaker 1: contact us with You know what I remember from high school? 272 00:16:56,320 --> 00:17:02,680 Speaker 1: Did he get shot or hurt or yeah, spoiler. Here 273 00:17:02,720 --> 00:17:06,679 Speaker 1: we go from his inaugurabal speech. The chief duty of 274 00:17:06,680 --> 00:17:09,800 Speaker 1: the national government, in connection with the currency of the country, 275 00:17:09,880 --> 00:17:13,199 Speaker 1: is to coin money and declare its value. Grave doubts 276 00:17:13,200 --> 00:17:16,879 Speaker 1: have been entertained whether Congress is authorized by the Constitution 277 00:17:16,960 --> 00:17:20,439 Speaker 1: to make any form of paper money legal tender. The 278 00:17:20,480 --> 00:17:23,520 Speaker 1: present issue of the United States notes has been sustained 279 00:17:23,520 --> 00:17:26,919 Speaker 1: by the necessities of war. But such paper should depend 280 00:17:26,960 --> 00:17:29,960 Speaker 1: for its value and currency upon its convenience in use, 281 00:17:30,240 --> 00:17:32,600 Speaker 1: and its prompt redemption and coin at the will of 282 00:17:32,600 --> 00:17:37,840 Speaker 1: the holder, and not upon its compulsory circulation. These notes 283 00:17:38,080 --> 00:17:41,240 Speaker 1: are not money, but promises to pay money. If the 284 00:17:41,240 --> 00:17:46,399 Speaker 1: holders demanded, the promise must be kept. And a hundred 285 00:17:46,440 --> 00:17:53,280 Speaker 1: days later he died of dysentery on the Oregon Trail. No, No, 286 00:17:54,160 --> 00:17:57,560 Speaker 1: he was assassinated. Assassinated, which you know not to not 287 00:17:57,600 --> 00:17:59,639 Speaker 1: to make too much light of it. And not to 288 00:17:59,680 --> 00:18:02,960 Speaker 1: say those are necessarily connected, but yes, he died of assassination. 289 00:18:03,320 --> 00:18:05,679 Speaker 1: So that's one theory that banks have already controlled it. 290 00:18:06,000 --> 00:18:08,040 Speaker 1: And then there's a different idea, and that's that the 291 00:18:08,080 --> 00:18:13,480 Speaker 1: stock markets function as these money managing or siphoning tools. 292 00:18:13,520 --> 00:18:16,040 Speaker 1: So if I canna do a quick example North Korea. 293 00:18:16,200 --> 00:18:19,080 Speaker 1: So North Korea has a booming black market because it 294 00:18:19,160 --> 00:18:22,240 Speaker 1: was the only way for many people to survive, right uh, 295 00:18:22,440 --> 00:18:27,960 Speaker 1: selling goods from China, cell phone, South Korean soap operas, methamphetamine, 296 00:18:28,040 --> 00:18:32,240 Speaker 1: and and they begin to save money. They were crewing savings. 297 00:18:32,880 --> 00:18:36,719 Speaker 1: This could be a problem for the UH, for the 298 00:18:36,760 --> 00:18:41,360 Speaker 1: regime or for the government. And at one point they 299 00:18:41,400 --> 00:18:44,320 Speaker 1: just said, okay, we're changing the valuation of the money. 300 00:18:44,400 --> 00:18:48,920 Speaker 1: So everybody lost the cash that they had made. And 301 00:18:49,560 --> 00:18:54,960 Speaker 1: this other theory about the economic system, called this talk market, 302 00:18:55,160 --> 00:18:57,760 Speaker 1: is that it's the same kind of scheme. Yeah, well 303 00:18:57,840 --> 00:19:02,439 Speaker 1: it remember seeing something about the thirty year cycle of 304 00:19:02,600 --> 00:19:05,639 Speaker 1: boom and bus to where I guess the people who 305 00:19:05,720 --> 00:19:08,800 Speaker 1: are of a certain age will be able to profit 306 00:19:08,880 --> 00:19:13,280 Speaker 1: profit for a generation and then retire and then uh, 307 00:19:13,359 --> 00:19:16,040 Speaker 1: then it starts over again. It falls. Then you kind 308 00:19:16,040 --> 00:19:19,600 Speaker 1: of get this thirty year cycle. I don't know. Um, 309 00:19:19,680 --> 00:19:24,320 Speaker 1: it's an interesting theory. Well, it's uh, it's funny because 310 00:19:24,800 --> 00:19:30,159 Speaker 1: do you remember Dilbert comics. Yeah, well the creator, Scott 311 00:19:30,200 --> 00:19:32,399 Speaker 1: Adams believe that this is the case, or he did 312 00:19:32,480 --> 00:19:35,919 Speaker 1: at one time. Oh uh, he actually wrote about it 313 00:19:35,960 --> 00:19:39,560 Speaker 1: in twenty blog post. My prediction is based on the 314 00:19:39,560 --> 00:19:43,120 Speaker 1: observation that the stock market appears to move as if 315 00:19:43,400 --> 00:19:46,879 Speaker 1: it's manipulated by a network of big players. They lure 316 00:19:46,960 --> 00:19:50,399 Speaker 1: in the small excitable investors by allowing the market to 317 00:19:50,400 --> 00:19:53,240 Speaker 1: show a year or two of solid gains, then they 318 00:19:53,280 --> 00:19:56,359 Speaker 1: sell their shares, spook the world with predictions of doom, 319 00:19:56,440 --> 00:20:01,320 Speaker 1: and buy back into the market at lower prices. Interesting 320 00:20:01,359 --> 00:20:06,000 Speaker 1: quote there, Ben, Yeah, that's pretty interesting, Matt. And you 321 00:20:06,040 --> 00:20:08,240 Speaker 1: know there have been other people, of course, you have 322 00:20:08,280 --> 00:20:12,600 Speaker 1: said this. Uh Scott Adams a very smart, very clever man. Uh, 323 00:20:12,760 --> 00:20:17,480 Speaker 1: not necessarily an economists by trade. I hope I don't 324 00:20:17,480 --> 00:20:20,639 Speaker 1: have to eat those words later if you are actually 325 00:20:20,640 --> 00:20:24,840 Speaker 1: an economist by trades, or I apologize to Wikipedia. To Wikipedia. 326 00:20:25,000 --> 00:20:26,720 Speaker 1: So okay, I have to bring this one up. I 327 00:20:26,760 --> 00:20:29,680 Speaker 1: just have to one of my favorite conspiracies of all time. 328 00:20:30,040 --> 00:20:33,160 Speaker 1: So there's another one that this that the stock market 329 00:20:33,320 --> 00:20:39,880 Speaker 1: collapses might be a part of Project Blue Beam. Oh yeah, 330 00:20:40,000 --> 00:20:43,800 Speaker 1: this is a This is a long time favorite of Matt's, 331 00:20:43,840 --> 00:20:46,639 Speaker 1: you guys, So Matt break it down for us. What 332 00:20:46,880 --> 00:20:50,440 Speaker 1: is Project blue Beam? Oh man again, all right, So 333 00:20:50,840 --> 00:20:55,000 Speaker 1: Project Blue Beams states that some force, probably a government, 334 00:20:55,320 --> 00:20:59,280 Speaker 1: would use this technology that they call blue beam that's 335 00:20:59,400 --> 00:21:03,359 Speaker 1: somewhat exists now actually, where you can project a hologram 336 00:21:03,480 --> 00:21:07,720 Speaker 1: onto water vapor and you have what seems to be 337 00:21:07,760 --> 00:21:11,200 Speaker 1: a three D object or three D something just floating 338 00:21:11,200 --> 00:21:13,480 Speaker 1: in the middle of the air. The idea is to 339 00:21:13,640 --> 00:21:17,120 Speaker 1: make these holograms of religious figures and have them come 340 00:21:17,160 --> 00:21:19,800 Speaker 1: back in various parts of the earth and have a 341 00:21:19,800 --> 00:21:25,760 Speaker 1: religious um revival of sorts. But then the deities slash 342 00:21:25,960 --> 00:21:29,800 Speaker 1: whoever that maybe they say, oh no, no, no, you guys, 343 00:21:30,280 --> 00:21:34,080 Speaker 1: we've you've guys have gotten religion all wrong. And then 344 00:21:34,160 --> 00:21:38,080 Speaker 1: there's one basically one religion that comes together throughout the 345 00:21:38,240 --> 00:21:42,600 Speaker 1: entire world, helping to um solidify the new one world 346 00:21:42,680 --> 00:21:45,639 Speaker 1: government that would also be ushered in. And this would 347 00:21:45,680 --> 00:21:49,840 Speaker 1: come after a series of manufactured crises, right exactly. So 348 00:21:51,000 --> 00:21:53,720 Speaker 1: everyone's at there at the brink of what they think 349 00:21:53,800 --> 00:21:57,080 Speaker 1: is disaster. They lost all their money servation, then the 350 00:21:57,119 --> 00:22:00,600 Speaker 1: deities come. Everything's fine anyway, I love it. It's so 351 00:22:02,040 --> 00:22:07,000 Speaker 1: it's just it's just a great apocalyptic vision. I just 352 00:22:07,119 --> 00:22:11,080 Speaker 1: like technology and religion. I just have a weird, a 353 00:22:11,119 --> 00:22:13,800 Speaker 1: weird image in my head if somebody's sitting around the 354 00:22:13,920 --> 00:22:15,960 Speaker 1: u N and someone else going You know what I 355 00:22:16,000 --> 00:22:20,600 Speaker 1: like about that is that it's simple. It's just easy ships, 356 00:22:21,680 --> 00:22:25,080 Speaker 1: it's cheap. We know it'll work. It's simple. But here's 357 00:22:25,119 --> 00:22:27,399 Speaker 1: the other thing. When we talk about this idea of 358 00:22:27,480 --> 00:22:30,160 Speaker 1: one world government, of course we have to also mention 359 00:22:30,600 --> 00:22:35,440 Speaker 1: the Illuminati. These are the people that will be blamed 360 00:22:35,520 --> 00:22:39,920 Speaker 1: for so many different things. Those sons of we have. 361 00:22:40,119 --> 00:22:43,520 Speaker 1: We have a series on the Illuminati, and they pop 362 00:22:43,640 --> 00:22:46,320 Speaker 1: up fairly frequently in a lot of the stuff that 363 00:22:46,359 --> 00:22:49,560 Speaker 1: we look at. And yes, conclusively, if no one has 364 00:22:49,600 --> 00:22:51,960 Speaker 1: told you, if you haven't seen our video yet, there 365 00:22:52,680 --> 00:22:57,080 Speaker 1: is Slash was a real Illuminati. The claims the group 366 00:22:57,280 --> 00:22:59,960 Speaker 1: makes are maybe not the claims you would hear associate 367 00:23:00,040 --> 00:23:03,920 Speaker 1: did with the Illuminati today. Uh there, but there is 368 00:23:03,960 --> 00:23:06,800 Speaker 1: a historical precedent. It's a real thing. It was at 369 00:23:06,840 --> 00:23:11,919 Speaker 1: one time at least. Apparently they are also manipulating the 370 00:23:11,920 --> 00:23:15,920 Speaker 1: stock market. The illuminati that we have heard are rumored 371 00:23:15,960 --> 00:23:19,199 Speaker 1: to exist, and they're doing this because they want to 372 00:23:19,280 --> 00:23:25,000 Speaker 1: eventually break down the current national and international borders, creating 373 00:23:25,200 --> 00:23:33,000 Speaker 1: one global system under the rule of this group. Okay, uh, 374 00:23:33,320 --> 00:23:35,120 Speaker 1: kind of it's kind of similar. Did you just kind 375 00:23:35,119 --> 00:23:38,480 Speaker 1: of change the players a little bit and some of 376 00:23:38,520 --> 00:23:43,280 Speaker 1: the machinations. Um. So the next one is that there 377 00:23:43,400 --> 00:23:49,040 Speaker 1: is this secret stock market that's for the wealthy only, Okay, 378 00:23:49,160 --> 00:23:53,159 Speaker 1: and the idea that insider trading is only a crime 379 00:23:53,280 --> 00:23:55,960 Speaker 1: if you're one of the people who was not inside 380 00:23:56,000 --> 00:24:02,399 Speaker 1: this insider group. I see. And so yeah, if you 381 00:24:02,400 --> 00:24:05,119 Speaker 1: get Coughton, you're not in the group. Um. Sorry, But 382 00:24:05,200 --> 00:24:07,000 Speaker 1: if you are in the group, then hey man, you're 383 00:24:07,040 --> 00:24:09,240 Speaker 1: good to go, and you can just get as much 384 00:24:09,440 --> 00:24:12,239 Speaker 1: infinite money, really just get infinite money. So it's like 385 00:24:12,320 --> 00:24:16,000 Speaker 1: a it's like a hack of some sort. Here's yeah, yeah, 386 00:24:16,040 --> 00:24:20,160 Speaker 1: here's the question I have with that. Have we reached 387 00:24:20,200 --> 00:24:23,600 Speaker 1: a point from a regulatory standpoint? Have we reached a 388 00:24:23,640 --> 00:24:27,800 Speaker 1: point where these finds, which pale in comparison at times 389 00:24:27,800 --> 00:24:31,200 Speaker 1: to the profits, are becoming just part of the cost 390 00:24:31,240 --> 00:24:37,199 Speaker 1: of doing business. I, as an uneducated person in the 391 00:24:37,200 --> 00:24:41,919 Speaker 1: world of economics, would say absolutely. Yeah. Neither of us 392 00:24:42,000 --> 00:24:46,280 Speaker 1: are experts and economics. We are relaying the official stuff 393 00:24:46,280 --> 00:24:48,240 Speaker 1: we know and then the theories that we have heard 394 00:24:48,240 --> 00:24:50,400 Speaker 1: and we love to hear from. You. Also tell us 395 00:24:50,440 --> 00:24:53,440 Speaker 1: what you think about these theories. Do any of these 396 00:24:53,480 --> 00:24:57,760 Speaker 1: hold water? Uh? And we're going to go to one 397 00:24:57,880 --> 00:25:00,840 Speaker 1: other subject, but before we do, let's pause for a 398 00:25:00,840 --> 00:25:05,760 Speaker 1: word from our sponsor. I can't believe I got another 399 00:25:05,840 --> 00:25:09,919 Speaker 1: passive aggressive phone call from the SEC and the FED. 400 00:25:10,880 --> 00:25:13,119 Speaker 1: Well Hi there, friends. Uh, I was over there just 401 00:25:13,160 --> 00:25:16,120 Speaker 1: burning hundred dollar bills, throwing them at a dangered animals. 402 00:25:16,119 --> 00:25:18,280 Speaker 1: And I couldn't help it over here that you've got 403 00:25:18,320 --> 00:25:22,800 Speaker 1: something on your mind. That's those dips over the regulatory agencies. 404 00:25:23,040 --> 00:25:24,960 Speaker 1: Every time I try to bend the rules a little 405 00:25:24,960 --> 00:25:28,199 Speaker 1: and make some major units, they email me or text 406 00:25:28,280 --> 00:25:30,399 Speaker 1: me or get me on an app, and they just 407 00:25:30,960 --> 00:25:32,879 Speaker 1: they tell me not to do it. Man, Can you 408 00:25:32,920 --> 00:25:35,000 Speaker 1: believe it? I mean I have to pay for the 409 00:25:35,040 --> 00:25:37,600 Speaker 1: calls I received, you know, it could be as much 410 00:25:37,600 --> 00:25:40,880 Speaker 1: as ten cents per text message. Dude. Why that's not fair. 411 00:25:41,160 --> 00:25:43,840 Speaker 1: That's money out of your pocket. Who do they think 412 00:25:43,840 --> 00:25:46,160 Speaker 1: they are? Don't they want to work here after they've 413 00:25:46,160 --> 00:25:49,200 Speaker 1: served their public sector time. That's the thing. I can't 414 00:25:49,240 --> 00:25:51,800 Speaker 1: stop answering their calls because I need them on our side, 415 00:25:51,920 --> 00:25:54,840 Speaker 1: right And what if our people get replaced by some 416 00:25:54,920 --> 00:25:57,679 Speaker 1: sort of white knight, you know? Can you imagine how 417 00:25:57,760 --> 00:26:00,199 Speaker 1: ridiculously inconvenient it would be if a fed at our 418 00:26:00,320 --> 00:26:03,640 Speaker 1: SEC agent actually try to enforce the rules and trying 419 00:26:03,640 --> 00:26:07,240 Speaker 1: to make us play fair. Never playing unfair is unfair 420 00:26:07,280 --> 00:26:10,120 Speaker 1: to us. But don't worry, friend, I have some news 421 00:26:10,200 --> 00:26:12,720 Speaker 1: for you. Why don't you just check out my phone? Here? 422 00:26:13,080 --> 00:26:16,240 Speaker 1: You see this app? Oh? What is that? It's the 423 00:26:16,280 --> 00:26:19,320 Speaker 1: new se c A. Each and every time a future 424 00:26:19,359 --> 00:26:22,199 Speaker 1: employee of a private bank currently pretending to regulate the 425 00:26:22,240 --> 00:26:25,200 Speaker 1: giants of the industry sends a lame please stop message 426 00:26:25,200 --> 00:26:27,920 Speaker 1: to you, sec A will defer the call to our 427 00:26:27,960 --> 00:26:31,760 Speaker 1: outsourced center, where automated voice acting software will pretend to 428 00:26:31,840 --> 00:26:34,600 Speaker 1: listen to their complaints, promise to do whatever it is 429 00:26:34,640 --> 00:26:37,280 Speaker 1: supposed to be legal to do this week, and even 430 00:26:37,359 --> 00:26:42,440 Speaker 1: display empathy when the regulator confesses personal information. And empathy Yeah, 431 00:26:42,480 --> 00:26:45,399 Speaker 1: I don't know. I think it's a thing for poor people. Listen. 432 00:26:45,720 --> 00:26:48,960 Speaker 1: Sec it doesn't just deflect, it also compiles a list 433 00:26:49,000 --> 00:26:51,879 Speaker 1: of information from each call that will be analyzed and 434 00:26:52,000 --> 00:26:56,680 Speaker 1: automatically parse for insider information to maximize your traits. So 435 00:26:57,280 --> 00:27:00,200 Speaker 1: I don't have to do anything. Why should you? Sn't 436 00:27:00,240 --> 00:27:02,480 Speaker 1: the world owe you a favor? Aren't you tired of 437 00:27:02,480 --> 00:27:05,120 Speaker 1: people getting mad at you because they weren't privileged enough 438 00:27:05,160 --> 00:27:07,199 Speaker 1: to cheat? They do the same thing to you in 439 00:27:07,240 --> 00:27:11,840 Speaker 1: a second. Maybe you know, I don't really think about 440 00:27:12,000 --> 00:27:14,680 Speaker 1: other people that much, and now you'll have to think 441 00:27:14,880 --> 00:27:19,000 Speaker 1: even less. Do we have a deal? Yeah? Say who 442 00:27:19,080 --> 00:27:25,000 Speaker 1: are you? Well? I'm a robot. SEC is not approved 443 00:27:25,000 --> 00:27:26,560 Speaker 1: by the SEC, the Federal Government, the Federal Reserve, the 444 00:27:26,560 --> 00:27:28,720 Speaker 1: Democratic Peoples Republic of North Korea, Michael McDonald, the cast 445 00:27:28,720 --> 00:27:30,040 Speaker 1: of a Team, the inventor of the inflatable Life After, 446 00:27:30,040 --> 00:27:31,840 Speaker 1: with the producers of Big Trouble, Little Child. SEC is 447 00:27:31,920 --> 00:27:33,840 Speaker 1: legally required to notify you that the consequences of using 448 00:27:33,920 --> 00:27:35,680 Speaker 1: SEC rest entirely on the user and his or hers 449 00:27:35,720 --> 00:27:37,800 Speaker 1: nepotistic influence or bank accounts. SEC of maybe have it 450 00:27:37,800 --> 00:27:39,639 Speaker 1: for me? SEC is not a substitute for bribery. Prolonged 451 00:27:39,720 --> 00:27:41,680 Speaker 1: use of sec I may leads to moral trotitude, slouching ethics, 452 00:27:41,720 --> 00:27:43,520 Speaker 1: well deserved, cocaine related health problems, and in some cases, 453 00:27:43,520 --> 00:27:45,119 Speaker 1: bloody revolution. You are in the pyramid, but not at 454 00:27:45,119 --> 00:27:46,440 Speaker 1: the level you believe, and you have considered the shape 455 00:27:46,440 --> 00:27:49,000 Speaker 1: from the wrong perspective by consume obey. Sec is a 456 00:27:49,040 --> 00:27:58,680 Speaker 1: product of illumination Global unlimited. And we're back. Uh so, Ben, 457 00:27:59,320 --> 00:28:03,120 Speaker 1: let's talk about out the future. Ah, yes, the future. 458 00:28:04,240 --> 00:28:07,919 Speaker 1: So there's this thing that we failed to mention in 459 00:28:07,960 --> 00:28:11,600 Speaker 1: our first two videos, and we did it purposefully because 460 00:28:11,800 --> 00:28:15,240 Speaker 1: we think it's one of the more meaty parts of 461 00:28:15,280 --> 00:28:21,080 Speaker 1: this whole wider subject, and that's high frequency trading. Ah yes, yes, 462 00:28:21,160 --> 00:28:25,000 Speaker 1: not to be confused with high fructose corn syrup. Yes, 463 00:28:26,840 --> 00:28:30,520 Speaker 1: slightly slightly different. That's my valuable contribution to this part 464 00:28:30,520 --> 00:28:32,800 Speaker 1: of the conversation. I wonder how easy it is to 465 00:28:32,840 --> 00:28:35,879 Speaker 1: get from high frequency trading to high fructose corn syrup 466 00:28:35,920 --> 00:28:39,040 Speaker 1: on Wikipedia. Well, you know what, I bet there's a 467 00:28:39,080 --> 00:28:43,400 Speaker 1: rabbit hole there somewhere. Uh So, it's interesting because high 468 00:28:43,480 --> 00:28:48,680 Speaker 1: frequency trading is an amazing process from a technical perspective. 469 00:28:49,160 --> 00:28:52,520 Speaker 1: Uh what what is it? Well, Ben, let me tell you. 470 00:28:52,920 --> 00:28:58,040 Speaker 1: High frequency trading is a kind of algorithmic trading of stocks, 471 00:28:58,200 --> 00:29:02,760 Speaker 1: and it uses mathematical model. Is too rapidly trade these things? 472 00:29:02,840 --> 00:29:06,880 Speaker 1: And we're talking fast like fractions of a second. According 473 00:29:06,920 --> 00:29:10,840 Speaker 1: to Rob Lotty, UM probably mispronouncing that of the T A, 474 00:29:11,000 --> 00:29:14,920 Speaker 1: B B group h F trades accounted for. That's high 475 00:29:14,920 --> 00:29:18,959 Speaker 1: frequency trades accounted for sixty to seventy percent of the 476 00:29:19,000 --> 00:29:24,560 Speaker 1: total equity trading in two thousand nine, falling to in 477 00:29:24,640 --> 00:29:28,800 Speaker 1: two thousand twelve. Now that's crazy because that seems a 478 00:29:28,760 --> 00:29:32,880 Speaker 1: little counterintuitive to people who just heard about high frequency 479 00:29:32,920 --> 00:29:37,560 Speaker 1: trading through things like the flash Crash or Flashboys, And 480 00:29:37,640 --> 00:29:40,880 Speaker 1: just by way of a book recommendation, flashboys is a 481 00:29:41,040 --> 00:29:44,840 Speaker 1: super breed. I really enjoyed it, isn't that, Michael Lewis, Yes, yes, sir, 482 00:29:45,240 --> 00:29:48,719 Speaker 1: And we've got we've got some interesting stuff here that 483 00:29:48,720 --> 00:29:51,800 Speaker 1: that you find out about high frequency trade. One of 484 00:29:51,840 --> 00:29:55,360 Speaker 1: those is that this dates back way before two thousand 485 00:29:55,360 --> 00:29:57,880 Speaker 1: and ten. It may have started as soon as electronic 486 00:29:58,120 --> 00:30:02,600 Speaker 1: exchanges were allowed. So what we do know is that 487 00:30:02,680 --> 00:30:07,200 Speaker 1: at this point high frequency in trading is changing the game. 488 00:30:07,240 --> 00:30:08,880 Speaker 1: We won't spend too much time on it because we 489 00:30:08,920 --> 00:30:11,120 Speaker 1: have videos about it, um, but I do want to 490 00:30:11,160 --> 00:30:13,120 Speaker 1: make a couple of corrections to some things that I 491 00:30:13,160 --> 00:30:17,160 Speaker 1: got wrong in the videos. I misspoke. They can take 492 00:30:17,200 --> 00:30:22,440 Speaker 1: a trade in point zero three seconds, not point three. Well, 493 00:30:22,480 --> 00:30:25,000 Speaker 1: I will annotate that and hopefully if you watch the 494 00:30:25,080 --> 00:30:28,240 Speaker 1: video you'll know. Yeah, we do try to make corrections 495 00:30:28,240 --> 00:30:30,200 Speaker 1: when we get something wrong, and that was a slip 496 00:30:30,200 --> 00:30:35,040 Speaker 1: on my part. But regardless, it is true that high 497 00:30:35,120 --> 00:30:39,680 Speaker 1: frequency trading depends on very very small time increments. Millet, 498 00:30:39,720 --> 00:30:45,680 Speaker 1: you're even micro seconds. But is it legal? Well, that depends, uh. 499 00:30:45,880 --> 00:30:49,560 Speaker 1: Question one. Are you listening to this in let's say October, 500 00:30:50,840 --> 00:30:55,200 Speaker 1: Then yes, it is legal. Um. It seems like one 501 00:30:55,240 --> 00:30:57,880 Speaker 1: of those things that will be changed further down the 502 00:30:57,960 --> 00:31:01,440 Speaker 1: road at least looked at a little or closely, But 503 00:31:01,600 --> 00:31:05,640 Speaker 1: for right now, yes, it is legal, all right, and 504 00:31:05,720 --> 00:31:08,600 Speaker 1: we know that in some places it's even accepted, Like 505 00:31:08,680 --> 00:31:13,080 Speaker 1: one of the more recent laws involving high frequency trading 506 00:31:13,160 --> 00:31:16,760 Speaker 1: comes from oddly enough, Italy, who are charging point zero 507 00:31:16,920 --> 00:31:21,320 Speaker 1: zero zero two euro on trades that last less than 508 00:31:21,360 --> 00:31:25,600 Speaker 1: half a second. So that's clearly targeted at high frequency trades, 509 00:31:26,080 --> 00:31:30,120 Speaker 1: and knowing the volume of high frequency trades that can 510 00:31:30,160 --> 00:31:34,720 Speaker 1: occur in that kind of situation, then they may be banking. 511 00:31:34,800 --> 00:31:38,200 Speaker 1: We don't know yet. That feels like the office space 512 00:31:39,000 --> 00:31:43,200 Speaker 1: a scheme, remember that account. Yeah, it feels like they're 513 00:31:43,200 --> 00:31:46,120 Speaker 1: putting a tax as a warm account, and that's kind 514 00:31:46,160 --> 00:31:49,120 Speaker 1: of what you know. High frequency traders make a lot 515 00:31:49,200 --> 00:31:53,080 Speaker 1: of money in very small increments, right, so they add up. 516 00:31:54,480 --> 00:31:57,760 Speaker 1: Now I have to ask you personally, do you think 517 00:31:57,800 --> 00:32:04,720 Speaker 1: that high frequency trading is wrong? Uh, that's a tough one. Yeah, 518 00:32:05,240 --> 00:32:09,040 Speaker 1: I'm gonna go out and jump ahead and answer. I 519 00:32:09,080 --> 00:32:11,760 Speaker 1: don't really think it is. I don't think it's fair, 520 00:32:12,280 --> 00:32:17,000 Speaker 1: but I don't think the stock market is fair. Yeah, Okay. 521 00:32:17,040 --> 00:32:19,840 Speaker 1: That that is an interesting way to frame it, because 522 00:32:21,000 --> 00:32:23,320 Speaker 1: it seems like if you have the ability to do 523 00:32:23,360 --> 00:32:25,280 Speaker 1: this and no one's telling you that you can't do 524 00:32:25,360 --> 00:32:29,040 Speaker 1: it um and there isn't a at least some kind 525 00:32:29,040 --> 00:32:33,480 Speaker 1: of penalty like like Italy has introduced, that would just 526 00:32:33,560 --> 00:32:36,479 Speaker 1: make you maybe think twice about it, then I guess 527 00:32:37,560 --> 00:32:39,600 Speaker 1: I guess it's not wrong. I think it's just Yeah, 528 00:32:39,600 --> 00:32:41,400 Speaker 1: you're right, it's the system overall that I have a 529 00:32:41,400 --> 00:32:46,959 Speaker 1: problem with. So we know that we know that typically 530 00:32:47,840 --> 00:32:51,040 Speaker 1: a technology like this, or the application of a technology 531 00:32:51,080 --> 00:32:55,600 Speaker 1: like this is what Jonathan over tech Stuff would call disruptive, 532 00:32:56,480 --> 00:33:00,320 Speaker 1: just just the same way that Amazon's order on line 533 00:33:00,360 --> 00:33:03,600 Speaker 1: model was disruptive to break mortar bookstores, which I think 534 00:33:03,600 --> 00:33:08,280 Speaker 1: we mentioned in the video, and just as Google for example, 535 00:33:08,520 --> 00:33:11,960 Speaker 1: or Uber or something like that. It makes me think 536 00:33:12,000 --> 00:33:16,840 Speaker 1: of a strange story, which is a sports analogy. You know. Originally, 537 00:33:17,440 --> 00:33:22,000 Speaker 1: when baseball gloves came out, they were considered cheating in 538 00:33:22,080 --> 00:33:25,880 Speaker 1: addition to being unmanly. Oh now that is a burn 539 00:33:26,000 --> 00:33:28,160 Speaker 1: right there. Yeah, I think the last part was more 540 00:33:28,160 --> 00:33:31,680 Speaker 1: of an insult than cheating. But now they are an 541 00:33:31,720 --> 00:33:36,320 Speaker 1: accepted part of the game. And when people argue, for instance, 542 00:33:36,360 --> 00:33:41,560 Speaker 1: about performance enhancing drugs and sports, um, the idea of 543 00:33:41,960 --> 00:33:48,200 Speaker 1: high frequency trading is another technological step. Now I'm not 544 00:33:48,280 --> 00:33:50,240 Speaker 1: saying it's a one on one comparison to using a 545 00:33:50,280 --> 00:33:54,680 Speaker 1: baseball glove or taking steroids, but it is an edge 546 00:33:54,960 --> 00:33:58,560 Speaker 1: and in a competitive place, people are going to try 547 00:33:58,640 --> 00:34:02,160 Speaker 1: to do that stuff. I'm wonder rain if it's already 548 00:34:02,200 --> 00:34:07,040 Speaker 1: too late to curtail this. If the future of stock 549 00:34:07,120 --> 00:34:10,480 Speaker 1: market trading is going to be a bunch of very 550 00:34:10,600 --> 00:34:13,880 Speaker 1: very fast, very smart algorithms in an internal jam session, 551 00:34:13,960 --> 00:34:17,040 Speaker 1: it seems like that's where it's heading because humans just 552 00:34:17,200 --> 00:34:21,200 Speaker 1: can't make those calculations. Uh there, Yeah, it's just not 553 00:34:21,280 --> 00:34:25,480 Speaker 1: possible with the speed that they do. And oh man, 554 00:34:25,560 --> 00:34:30,359 Speaker 1: that that's that's terrifying. It feels like maybe machines are 555 00:34:30,400 --> 00:34:33,839 Speaker 1: going to be taking over our economy. Ben, You know, 556 00:34:34,120 --> 00:34:37,759 Speaker 1: I would say that we still will need human beings 557 00:34:38,320 --> 00:34:40,960 Speaker 1: to clean the machines, to turn it off and turn 558 00:34:41,000 --> 00:34:45,080 Speaker 1: it back on. A sound like a Twilight episode, you know. Um, 559 00:34:45,120 --> 00:34:48,319 Speaker 1: but that's an interesting idea that could robots take over 560 00:34:48,360 --> 00:34:52,720 Speaker 1: the economy or even the world, the world, the world, 561 00:34:53,160 --> 00:34:58,879 Speaker 1: the world, the world, world would all right, well, yeah, 562 00:34:59,000 --> 00:35:01,560 Speaker 1: I guess we'll just we'll cover that another day. We 563 00:35:01,600 --> 00:35:03,359 Speaker 1: are going to do that, right then, Yeah, I hope 564 00:35:03,400 --> 00:35:07,040 Speaker 1: so awesome. Well for now, why don't you tell us 565 00:35:07,080 --> 00:35:09,400 Speaker 1: what you think about this stuff? What do you think 566 00:35:09,400 --> 00:35:12,440 Speaker 1: about high frequency trading? Is it good? Is it bad? 567 00:35:12,719 --> 00:35:17,200 Speaker 1: Is it lukewarm? You don't really care? And what what 568 00:35:17,239 --> 00:35:20,680 Speaker 1: do you think about the idea of someone purposefully and 569 00:35:20,920 --> 00:35:27,160 Speaker 1: personally orchestrating a market wide boom or bust? Could could 570 00:35:27,239 --> 00:35:30,880 Speaker 1: a group of people overcome all the other very powerful 571 00:35:30,920 --> 00:35:34,960 Speaker 1: interests around the world or in a market to sink 572 00:35:35,040 --> 00:35:38,399 Speaker 1: it or you know, blow up the bubble. I'm I'm 573 00:35:38,440 --> 00:35:42,200 Speaker 1: curious because I don't know. I don't know if it's possible. 574 00:35:42,400 --> 00:35:45,040 Speaker 1: I mean, I think theoretically it is possible, but let 575 00:35:45,160 --> 00:35:47,520 Speaker 1: us know what you think, who would do this and 576 00:35:47,600 --> 00:35:51,799 Speaker 1: how awesome. You can talk to us on Facebook we 577 00:35:51,840 --> 00:35:54,320 Speaker 1: are conspiracy Stuff. There. You can find us on Twitter. 578 00:35:54,440 --> 00:35:58,000 Speaker 1: We are at conspiracy Stuff. Go to our website. Stuff 579 00:35:58,040 --> 00:36:00,560 Speaker 1: they don't want you to know dot com. It is 580 00:36:00,800 --> 00:36:04,359 Speaker 1: the best. It's actually really cool. Go check it out. 581 00:36:04,680 --> 00:36:06,520 Speaker 1: And last, but not least, if you want to just 582 00:36:06,600 --> 00:36:08,920 Speaker 1: skip all that stuff, you can send us an email 583 00:36:09,239 --> 00:36:18,359 Speaker 1: directly to conspiracy at how stuff works dot com. From 584 00:36:18,360 --> 00:36:21,959 Speaker 1: more on this topic, another one explained phenomenon. Visit test 585 00:36:22,000 --> 00:36:25,839 Speaker 1: tube dot com slash conspiracy stuff. You can also get 586 00:36:25,840 --> 00:36:29,080 Speaker 1: in touch on Twitter at the handle at conspiracy stuff