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00:00:24.000Everything around the production of the Charlie Kirk show.
00:00:27.000You know, with all the cancellation and all the bad guys coming after people that are trying to tell the truth, when you support us at charliekirk.com slash support, you are saying no to cancel culture.
00:00:37.000You are saying no to the digital assassins.
00:01:24.000His spirit, his love of this country, he's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA.
00:01:32.000We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.
00:01:55.000Well, a market, in the ideal sense, is a place where people can trade ideas, they can trade products, services, and find what they need, what they desire, and create new things.
00:02:09.000A market, in its ideal sense, and even in practice in most places, really has three different ways to characterize it.
00:02:19.000The price system, the profit incentives, and the protections of private property.
00:02:25.000Prices are critically important in markets.
00:02:55.000And I'm free to do whatever I wish with it.
00:02:59.000Markets, in the ideal sense, are the greatest wealth creating engine and poverty elimination machine in world history.
00:03:10.000Now, in the last couple of years, I, alongside many conservatives, have said that we need to be less dogmatic about how we talk about markets, less ideal and more pragmatic.
00:03:25.000What is actually the result of some of this policy that we've been implementing?
00:03:33.000With that being said, entrepreneurship, taking risks, fresh creative energy is always a better solution than top-down government control, where big bureaucrats with bad incentive structures wrongly participate in voluntary transactions.
00:03:53.000And so what's been really interesting to see over the last 24 hours in particular, in the last couple days, is how a market has been manipulated.
00:04:20.000Shares of GameStop and AMC have risen more than 400% this week as investors piled into momentum trades with volume rivaling that of giant tech companies.
00:04:30.000GameStop, as of yesterday's close, was up 1,641.9%.
00:04:36.000And no, GameStop did not cure cancer yesterday.
00:04:40.000Instead, a group of motivated retail investors decided to combine their energy and their organizing capacity to try and manipulate GameStop to go up.
00:05:29.000BlackBerry, which I don't even know is still a company.
00:05:32.000I have not seen anyone use a BlackBerry device in like a decade, up 229%.
00:05:42.000And the people that were going out of their way to manipulate this, as we predicted, are already being investigated by the Security Exchange Commission, already being investigated for a variety of different reasons.
00:05:52.000And they likely will be held accountable.
00:05:58.000And we encourage people to kind of be very careful with the way they handle this situation because there's a lot of laws and there's a lot of regulation when it comes to market behavior and market manipulation.
00:06:08.000But that's not even the point about all this.
00:06:12.000There's a couple ways to view this that I believe everyone is missing.
00:06:20.000Number one, do you see how fast all of the power structures mobilized nearly simultaneously as soon as the little guy tried to do something to disrupt the big guy?
00:06:36.000Did you notice how every single power structure in our country, from federal regulators to who runs NASDAQ to Robinhood itself, which is a retail trading app, to Discord to Reddit, almost all simultaneously decided this cannot happen.
00:07:14.000We keep schools closed for 11 months with suicides going through the roof.
00:07:18.000We're going to cover that at length this show.
00:07:22.000And it takes committees and it takes protests to just get schools remotely open.
00:07:27.000But the minute a multi-billion dollar hedge fund has a tough day, you have a massive Marshall Plan-like mobilization to make sure that a bunch of guys in their basement that can't go find work that are trolling the market, they must be shut down.
00:08:38.000They're like, I'm making some money and all this.
00:08:39.000Do you know the real reason they are doing this?
00:08:42.000The real reason that this has broad support, and this should be a fire alarm for those of us that want to prevent socialism from coming to our country, is that most people under the age of 35, they think this entire system is so rotten to the core and so rigged, they want to see it broken.
00:10:11.000The people that are manipulating the market right now and participating, they've seen the Louis Vuitton guy, Arnaught, get $76 billion richer this year.
00:12:25.000So I found it really interesting: as soon as the hedge funds who put these big positions of shorts on GameStop, AMC, and BlackBerry, as soon as their positions started to lose them extraordinary amounts of money, because a short you can actually lose infinitely as it keeps going up.
00:12:51.000That's where the hedge funds kind of intentionally position themselves.
00:12:57.000Whereas to give you an idea of how this crushed the hedge funds, when GameStop was trading at more or less $90 a share, then it goes up to $400 a share, you have to cover that short all the way up through.
00:14:29.000The very same guys that have Ayn Rand's fountainhead and Ayn Rand's Atlas shrugged, all about being a rugged individual and being an objectivist and fighting the system against government intervention, the first phone call they make, their in-house counsel is, get the SEC on the phone.
00:14:48.000Because whether it be medicine, health, schooling, education, transportation, communication, finance, or banking, if you are part of the ruling class, the government works for you.
00:15:04.000The word citizen is supposed to mean co-ruler.
00:15:10.000That is the idea of a citizen going back to its original Greek roots.
00:15:21.000It's a big difference that you have an equal say in how this government works.
00:15:28.000You want to see the mass mobilization of powerful people start playing with their capacity and their ability to deliver unrealistic 25% returns by hedging a market.
00:15:46.000That's when you start to see the Calvary come in.
00:15:49.000Now, by the way, the Calvary doesn't come in when opioid deaths are coming up.
00:15:53.000The Calvary doesn't come in when factories are shuttered and closed.
00:15:56.000The Calvary doesn't come in when schools are shuttered and parents can't make ends meet.
00:16:00.000It took us seven months to get a Chinese coronavirus relief bill.
00:16:07.000It's now taken 24 hours for Reddit, Discord, Robinhood, all these different companies to either shut down or to change their behavior, which actually is alarmingly similar to something that we saw two weeks ago.
00:16:46.000Three different companies or three different CEOs with three different formation documents or three different ticker symbols all said, we don't want you to exist anymore.
00:16:53.000You're giving a voice to people we don't like.
00:17:16.000They are going to want to have a show trial for some guy that lives in eastern Kentucky who goes to bed at 7 a.m. and drinks monster and Red Bull all day long.
00:17:27.000And his idea was to try to troll the hedge funds.
00:17:30.000They will find him and they will put him on trial for market manipulation.
00:17:55.000You'll be doing some good while getting a jump on a tax deduction for this year.
00:18:01.000Yes, donating your car is tax deductible.
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00:18:26.000Donate your car and claim your tax deduction today.
00:18:50.000What is the deeper and broader lesson from this rather insane flurry of market activity?
00:19:01.000The kind of conventional way it's being portrayed on some of the market channels is how this is going to change trading forever.
00:19:11.000And we need new laws and new regulation to, of course, protect the hedge fund guys, who, by the way, are mostly all Democrats, who, by the way, are almost all on the left.
00:19:59.000Basically, it's all about just power and money, but they hide behind this idea of free markets to try to win conservatives over so that we don't regulate them or that we don't overly criticize them.
00:20:12.000But let me tell you, this entire situation is only another piece of evidence that the trust in our system is eroding very, very quickly.
00:20:29.000I don't mean just the trust in the market, the trust in the stock market or the way that we buy and sell securities.
00:20:38.000I'm talking about the trust in our entire system.
00:20:44.000Somebody said something to me the other day that really resonated with me.
00:20:47.000They said, Charlie, I do not trust any major institution of power left in our country.
00:20:54.000Our colleges, our government, most of law enforcement, our multimedia, financial institutions.
00:21:03.000So then who stands to benefit from that?
00:21:08.000Who stands to benefit from a multi-institutional rot?
00:21:15.000Well, the answer is we don't know yet, but I can tell you who won't benefit from it.
00:21:21.000You want to see where the energy of the next political movement is brewing.
00:21:25.000It's not in the Liz Cheney types where they want to go back to the Chamber of Commerce way of doing things.
00:21:30.000What this entire, quite honestly, market circus has demonstrated to us is that people are so angry at the system, they really don't care whether or not they're going to make money on it.
00:21:48.000They just want to see the tables overturned.
00:21:53.000They just want to see the system flip up on its head.
00:22:12.000The main reason why the people in Brooklyn or in the Bronx or in Beverly Hills or in Denver were taking to the streets and were saying America's a racist country.
00:22:26.000That was just the temporary incantation that expressed them saying, I'm working, I have no money, I have no wealth, I'm in debt, and I'm angry.
00:22:41.000The incantation was just, BLM, feel bad about it.
00:22:44.000And I'm sure some of those people were upset about it.
00:22:47.000But the reason why that mass mobilization was able to happen, and quite honestly, on the other side, the reason why Trump was able to get hundreds of thousands of people to show up to his rallies is because you have 200 million people in this country that don't trust any institution of wealth creation anymore.
00:23:12.000And for a 29-year-old that went to college, went into debt, has no skills, was trying to get their life organized, moved to a major metropolitan area to go pay an inflated rent where they're renting, not owning, they're not building equity.
00:23:34.000They're paying, they have to buy expensive groceries, expensive cost of living expenses.
00:23:42.000And then you shut down their country for 10 months for a virus that statistically does not threaten their generation.
00:23:53.000You go bail out the big airlines, what I should say, big airlines, big cruise ships, big companies.
00:23:58.000You go send them $1,000 in their bank account so that they don't revolt against you.
00:24:03.000Basically, that's the only reason they did that.
00:24:07.000And then all of a sudden, you're really surprised when 5 million people take to the streets repeating the same line: America's a racist country, BLM.
00:25:23.000Job opportunities aren't there for me.
00:25:26.000And so the question will now be: this can go three ways.
00:25:32.000We can, as a country, go back to the Chamber of Commerce, Bill Clinton, George W. Bush, Joe Biden, Liz Cheney way of governing, which is big government, big business, open borders, no culture, no cultural protections whatsoever, no common language.
00:25:51.000All that matters is the corporate dominance of our country.
00:26:04.000The second way is if Republicans and conservatives got serious about this economic anxiety, got real about entrepreneurship versus corporate dominance, took on the big robber barons and did not treat every single company the same.
00:26:32.000Or the third option, which quite honestly is the most likely option at its current trajectory.
00:26:40.000Because what we are seeing is a gradual, pent-up buildup of an economic restructuring and quite honestly, rebellion that no one is prepared for.
00:27:40.000Vote for me and support me, and we're going to go not try to right the wrong, but seek revenge.
00:27:46.000You see, that's a very big difference.
00:27:48.000Trying to fix a problem and seeking revenge are two completely different things.
00:27:56.000AOC is actually not about fixing a problem.
00:27:59.000The way AOC is talking about this market manipulation is not about actually protecting markets or private property or entrepreneurship or profits or any of that.
00:28:06.000It's we have to go punish these people.
00:28:12.000And what we have learned from the French Revolution, amongst many other type rebellions, is revenge is very attractive to the masses.
00:28:24.000AOC, Bernie Sanders, Rashida Tolb, Elon Omar stand to benefit from this.
00:28:56.000We saw this in the Occupy movement and the Tea Party movement and the MAGA movement and BLM Incorporated, where people just are so upset at the power structure and they want to voice and they want to voice their opinion.
00:29:07.000Now, one of the pressure release valves that all of us witnessed and saw was the capacity to communicate.
00:29:19.000Well, you take Trump off Twitter, you take Trump off all these things, you take Parlor away, and all of a sudden people can't communicate.
00:29:30.000Just take their $2,000 check and go away?
00:29:35.000And by the way, that $2,000 is worth less than it ever has been in American history with our hyper-inflated currency that's about to hit everyone in a way that no one is prepared.
00:29:49.000And so now this is a real choice for the Republican Party.
00:29:52.000And I guarantee you this: the Republicans are going to screw this up unless we tell them specifically what to do.
00:29:58.000They want to go back to the crony corporate, pseudo-fascist way of governance where they have carve-outs for big companies and they protect their incumbency, where the people are trying to send them an SOS signal right now.
00:31:02.000In our fast-paced world, it's tough to make reading a priority.
00:31:06.000At least it used to be at thinker.org, T-H-I-N-K-R.org.
00:31:09.000They summarize the key ideas from new and noteworthy nonfiction, giving you access to an entire library of great books in bite-sized form.
00:31:15.000Read or listen to hundreds of titles in a matter of minutes, from old classics like Dale Carnegie's How to Win Friends and Influence People to recent bestsellers like Jordan Peterson's 12 Rules for Life.
00:31:24.000I can tell you, thinker is the way that I am able to distill a lot of information quickly.
00:31:29.000It's important to take a break from mindless social media scrolling and learn something.
00:31:33.000If you want to challenge your preconceptions, expand your horizons, and become a better thinker, go to thi NKR.org to start a free trial today.
00:31:56.000We need more about Robin Hood's decision to block retail investors from purchasing stock while hedge funds are freely able to trade the stock as they see fit.
00:32:04.000As a member of the Financial Services Committee, I'd support a hearing if necessary.
00:32:11.000And then AOC, like a petulant child, responds and says this.
00:32:16.000I'm happy to work with Republicans on this issue where there's common ground, but you almost had me murdered three weeks ago, so you can sit this one out.
00:32:34.000The narrative and the weight of what she is saying is so unbelievably sinister.
00:32:43.000Saying this, quote, you almost had me murdered three weeks ago, acting as if Ted Cruz, in a stunning turn of events, became the Viking shaman Chewbacca guy.
00:32:58.000Or that Ted Cruz was marauding the House floor with zip ties.
00:33:05.000Or that Ted Cruz, in a shocking turn of events, was one of the guys that was trying to break through the windows of the SWAT team.
00:33:18.000AOC is now revealing one of the major reasons why normal and common sense reform has escaped us in the last couple of years.
00:33:45.000So basically, AOC's position as per this tweet is: I will never work with another Republican.
00:33:51.000We must dominate all government and destroy all of them.
00:33:55.000What did Ted Cruz do to make her all of a sudden accuse him of being the zodiac killer?
00:34:03.000He simply stood up and objected to the counting of the Electoral College results, something that Senator Barbara Boxer also did in 2004, something that Nancy Pelosi also did in 2004.
00:34:16.000That, in the eyes of Alexandria Acasio-Cortez, is morally equivalent of being the Columbine shooter.
00:34:27.000She said, you tried to murder me and get me killed.
00:34:37.000This is a little bit of a window into how the left is going to justify coming after all of you.
00:34:46.000She actually thinks, I actually, I think Alexandria Casio-Cortez is so unbelievably dumb that she actually thinks that Ted Cruz is one of the masterminds of Chewbacca man, Viking shaman, zip tie guy,
00:35:00.000and the MASH guy flooding into the Senate floor, that it was really Ted Cruz that was running air traffic control for the JV team that was dressing in gas masks and whatever, that it was Ted Cruz that was the conductor of the insurrectionist orchestra.