00:00:07.000We talk about market manipulation and really break it down for you in great detail.
00:00:12.000Also, the great reset and what Davos wants for your life and more.
00:00:17.000Email us your questions, freedom at charliekirk.com.
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00:01:08.000He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA.
00:01:14.000We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country.
00:01:26.000I'm very excited to talk to you all about a new book that is coming out this month from my dear friend, Turning Point Endowment Board member, smart man, best-selling author, Jim Holden.
00:01:36.000Selling in an Anxious World is Jim's fifth book on selling strategies and best practices.
00:01:41.000This time, Jim brings together research, science, and observation to identify the leading cause of declining business-to-business sales, otherwise known as corporate culture.
00:01:51.000I had the great honor of actually contributing to this book.
00:01:53.000When Jim approached me, I said, Jim, anything for you.
00:01:56.000Jim has been a loyal friend of mine and a good American.
00:01:59.000Through my work with Turning Point, I'm in a unique position to observe academic culture within our colleges and relate it to the corporate world, particularly its impact on company culture.
00:02:08.000In today's world, good company culture requires vigilant protection, which is why this book is so timely and a must-read for business people, sellers, patriots, and Christians.
00:02:17.000Selling in an Anxious World combines research from extensive deal reviews, examples from Jim's personal life, and Bible references to shine a light on culture, presenting an unconventional guide to solving an unconventional problem.
00:02:30.000You'll get quick access to whatever topics are important to you through chapter summaries and reference guides.
00:02:35.000Jim Holden's book is not like any other business book.
00:04:12.000Anyway, a lot of people post videos and images and coordinate activities, all sorts of different things there.
00:04:17.000Okay, so on Reddit, somebody that we do not know started to see that major hedge funds were placing shorts on a couple publicly traded companies, in particular GameStop.
00:04:34.000And so GameStop, many of you know, buys and trades video games from people.
00:04:38.000They've had a tough couple years, obviously, with more people going online and streaming games.
00:04:44.000They've had a difficult time kind of continuing any sort of expansion or growth.
00:04:49.000And so these people on Reddit started to see that some of these major hedge funds were shorting a stock.
00:04:56.000Now, if you don't know what shorting a stock is, shorting a stock is when you place a bet that if the stock goes down, you make money.
00:05:05.000Now, when you short a stock, though, and the stock goes up, you can lose infinitely.
00:05:13.000Meaning, you can lose not just a little bit, you can lose as high up it goes on the stock price.
00:05:19.000And so when you short a stock and it goes up, it actually can be much worse than what than just an option going long on a stock would be.
00:05:33.000And so these hedge funds, they're called hedge funds for a reason because they hedge their bets.
00:05:53.000And so not really sure how this was coordinated.
00:05:59.000Not really sure how this all came together.
00:06:02.000But millions of people seem to get this idea, like, hey, let's go stick it to the man and let's all go buy GameStop stock and show them that shorting stocks is not going to be a safe position anymore.
00:06:19.000And so as we are doing this show right now, I just want to give you an idea of the enormity of what has just happened.
00:06:24.000GameStop stock is up 126% today, okay?
00:06:28.000And they were trading at about $75 a share back on January 25th, Monday, January 25th.
00:06:58.000It has value, but it's nowhere near the value that it's been inflated.
00:07:01.000So for those of you that are listening or watching and don't know how the stock market works, there's a buyer and seller behind every single stock certificate of a business.
00:07:09.000And so the more people that want to buy a certain stock certificate of a business, the price goes up, right?
00:07:16.000And so basically, this kind of coordinated internet activity started to drive millions and millions of people to get into the stock market and boost this stock price.
00:07:30.000Now, it's not just GameStop, it's also BlackBerry and AMC.
00:07:35.000And so just to give you an idea, the market cap of GameStop is now $23 billion, $23 billion, where it was a fraction of that just days ago.
00:07:52.000Now, I'm going to be the bearer of bad news right now.
00:07:56.000Whoever is behind this and is coordinating this, I highly recommend you stop because this is probably and almost certainly against the law to coordinate and manipulate market activity.
00:08:13.000Now, some people are cheering this on, and they're not cheering this on because of the legality of it.
00:08:17.000They're cheering it on because we have seen the rich get $500 billion richer, at least the billionaire class, the last couple of months in the pandemic.
00:08:26.000We have seen working people struggle tremendously.
00:08:29.000And basically, there's this new mentality: like, you have punished us into oblivion, you've shut down our country, you barely give us like a $1,200 check.
00:08:38.000No, I am going to now use the levers available to us in this kind of populist revolt.
00:08:45.000You've probably never dealt with the Security Exchange Commission before.
00:08:49.000And so, to think, I think it's Melvin Capital that lost big on this position.
00:08:54.000To think that Melvin Capital is not currently on the phone with a regulator with the Security Exchange Commission and the Department of Treasury.
00:09:04.000Who do you think financed Joe Biden's campaign?
00:09:09.000And right now, every single hedge fund in New York is saying, hold on, stop it with the short positions, and there will be a coordinated lockdown on this.
00:09:18.000Now, I don't really know if every single person that gets involved in this is going to be held accountable.
00:09:27.000Again, if you're just buying and selling the shares, you're probably going to be just fine.
00:09:31.000I'm not recommending you do that, by the way, because then you're participating in probably manipulated activity.
00:09:36.000And the counter-argument that a lot of bloggers and people are making is, how dare you manipulate my manipulated market?
00:09:45.000Good luck explaining that to an SEC regulator.
00:09:48.000And you might say, well, Charlie, what could possibly be illegal about this?
00:09:51.000Well, look, in order for the Security Exchange Commission and publicly traded markets, you cannot direct behavior in a certain way in markets to manipulate it outside of what would be, how's the best way I could word this?
00:10:13.000I read a really thoughtful academic piece on this earlier.
00:10:15.000But the best way I can word this is that if the behavior and the activity is deemed to be manipulative, and that's a very open-ended term, then you very well could be in a lot of trouble.
00:10:29.000Now, it doesn't seem like the Reddit mob is slowing down any soon anytime soon.
00:10:35.000AMC, despite being completely locked down, is up more than 200%.
00:10:40.000So I think a lot of AMC executives the last week have been having a tough week.
00:10:44.000It's been hard to run movie theaters, and now they're looking at their stock price.
00:10:48.000And I'm sure a lot of the CEOs are like, so can we sell the stock now?
00:10:52.000And so here's just some good recommendation.
00:10:55.000If you're buying GameStop stock right now at $332 a share, you should reevaluate your life decisions, okay?
00:11:03.000Because what you're going to see in this chart five years from now is you're going to see the GameStop stock like this with one little spike and then all the way through.
00:11:13.000Now, look, the Security Exchange Commission could come in and suspend trading on some of these stocks.
00:11:18.000They could come in and say, you are not allowed to trade these stocks right now.
00:11:23.000As soon as you enter into the public markets, there's a whole different level of regulation that surrounds this.
00:11:31.000But I think this is appealing to people for a different reason than I mentioned briefly earlier, is that people have felt screwed by their system for so long that people have seen wealthy and well-connected ruling class elites do not just well, but have their best year ever in a year that normal people got clobbered.
00:11:55.000They saw the bailouts go to the big banks.
00:11:58.000They saw the hedge funds continue to do well.
00:12:00.000And so now there's a little bit of a screw you middle finger to the system.
00:12:07.000I'm saying that's why people are supporting it.
00:12:09.000And that's why people are eager to engage in it.
00:12:14.000And they've already stopped trading on and off several times on some of these stocks, by the way, because of the massive volume.
00:12:20.000So just take a little bit of advice from me.
00:12:23.000Stay away from this stuff, everybody, because you could lose an extraordinary amount of money and you might get caught up in something that I don't think you might be prepared for.
00:12:32.000And I want to dive into the deeper lessons here that I think are very important.
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00:13:45.000And so I was just talking to somebody and they said, oh, I just made all this money on GameStop.
00:13:53.000Have you ever heard of capital gains tax?
00:13:56.000And they said, no, I already pay my income tax.
00:13:58.000I said, okay, young Padawan, let me teach you about the complexities of our tax system.
00:14:06.000And so if you make money in the market and those are realized gains and you lock in those gains, you don't put it in a Roth IRA or you don't have losses against it, then you have gains.
00:14:16.000So then you have to pay capital gains tax.
00:14:18.000And so it's all depending on your tax bracket.
00:14:21.000It could be 0% if you're in a very low tax bracket, but you might get into another tax bracket because you might have to establish this as income.
00:14:29.000And so especially if it's short-term capital gains, long-term capital gains are treated differently.
00:14:34.000And so I think a lot of these day traders are now going to be realizing, I don't know if I like this whole capital gains thing.
00:14:40.000At least the one unintended consequence of massive Reddit market manipulation is we could finally have a robust conversation about lowering the capital gains tax in this country.
00:14:53.000Now, one of the other stories I wanted to get to about the stock market, which I think is very important, is this idea of people benefiting in the public markets when they are able to control public policy.
00:15:09.000And so there's a story that should have been headline news.
00:15:13.000And there's a story that should have been talked about in every single major newspaper, every single podcast, every single television show.
00:15:22.000And it actually is kind of, it's an issue and a story that leads to a bigger problem in our country.
00:16:31.000I spoke out against Senator Richard Burr in North Carolina, who's a Republican who was heavily involved in a potential, let's just say, troublesome situation.
00:16:44.000The Department of Justice did clear him after an investigation, but that he sold all of his stocks after he got briefings on the Chinese coronavirus.
00:16:57.000And so, whether you're a Republican or a Democrat or a conservative or a liberal, we got to take a step back and say, wait a second, the Speaker of the House of the Representatives of the United States of America, which is one half of one-third of our government, is able to make multi-million dollar stock purchases where she could control legislation, committees,
00:17:27.000and make decisions that she would personally benefit from.
00:17:36.000Now, the Stock Act was passed in 2012.
00:17:40.000It's one of the few things that Barack Obama did correctly.
00:17:43.000The Stock Act did not go nearly as far as it should have, but it was basically to stop insider information and trading.
00:17:52.000Basically, if you had private information and you had private briefings, you were not allowed to trade on those briefings or on that information.
00:18:07.000I want you to imagine how the media would have acted if Donald Trump would have bought a million dollars of ExxonMobil stock right before he signed a bunch of executive orders allowing expanded drilling and natural gas and the Keystone Pipeline.
00:18:25.000I want you to imagine if Donald Trump would have bought Abbott stock or Abbey stock before a massive purchase was done for the vaccine from the government.
00:18:49.000The media wouldn't have allowed it to occur.
00:18:50.000Now, every single piece of legislation, Nancy Pelosi is going to be thinking, not what's going to benefit my constituents in San Francisco, not what's going to benefit the country, but what's going to benefit my stock portfolio.
00:19:03.000You want to know why people are all of a sudden happy to flood Reddit and make the big guys suffer a little bit?
00:20:19.000So there's a lot going on with the stock market in the last couple of days.
00:20:22.000You guys were breaking that all down for you.
00:20:24.000But we just touched on this very sticky situation of a story with Speaker Pelosi and her husband buying lots of stocks in electric vehicle companies, theoretically knowing that the Biden administration was going to be taking leadership on this issue today and into the rest of the week.
00:20:40.000There's a really interesting Supreme Court decision regarding a different type of insider trading than being within the company and knowing that your stock is going to go up.
00:20:49.000Essentially, this court case, Dirks v. SEC, which was in the United States Supreme Court, created this precedent where you can tip a friend about non-public information that might influence the publicly traded stock price of a company, even if you don't work particularly for that company as an employee.
00:21:06.000And in the past, friends didn't satisfy the legal definition of what an insider might be in insider trading.
00:21:12.000So it was difficult to figure out how to prosecute those individuals that did know private information and personally benefited from that.
00:21:18.000So this court case in particular created a precedent where you could go after and prosecute individuals who are not insiders for the company but did have private information that would benefit them personally from that stock.
00:21:30.000So an example of this would probably be Congressman Collins recently, who I think was pardoned by President Trump.
00:21:36.000Now he did not use his congressional inside information, but this is just a textbook case of insider trading where he was at a White House gathering and actually had nothing to do with the White House, but he got a phone call from his son or from an executive at a company saying like, hey, our drug trial got denied by the FDA.
00:21:59.000Then he called his son and told his son to dump all the stock in that specific company.
00:22:04.000That is a textbook case of insider trading.
00:22:07.000And it's exactly a situation like that where nobody worked for the company in question per se that would be affected by this, but they had innate knowledge of what was going on.
00:22:17.000So I want you guys to always email us your questions, freedom at charliekirk.com, freedom at charliekirk.com.
00:22:23.000So the World Economic Forum is meeting virtually.
00:22:28.000If you don't know what the World Economic Forum is, the World Economic Forum is a gathering of the richest, most well-connected people on the planet.
00:22:38.000They usually meet in Davos, Switzerland, which is very hard to get to.
00:22:45.000And in Davos, Switzerland, a lot of very big globalist ideas are introduced.
00:22:53.000And so this is talked about sometimes in conservative circles as the Davos agenda or as the kind of globalist agenda.
00:23:04.000This is where they do their planning and their announcements.
00:23:07.000This is where you'll have the Bill Gates of the world, the Jeff Bezos of the world, the heads of state from around the world gather, and they basically say, how can we destroy sovereignty of our nations?
00:23:17.000How can we try and have free flow of people and make ourselves more important?
00:23:24.000Now, we have gone into great detail in this program in the Great Reset, what the Great Reset is, where they do not want people to own property.
00:23:49.000This is, I think, actually a promo video.
00:23:51.000This is their hype video, where now their new way of handling the great reset is not acting as if it doesn't exist, but instead leaning into it.
00:24:07.000That sounds more like buzzword bingo masking some nefarious plans for world domination.
00:24:13.000Hands up, this kind of slogan hasn't gone down well.
00:24:16.000But all we really want to say is that we all have an opportunity to build a better world.
00:24:21.000And it's not surprising that people who've been disenfranchised by a broken system and pushed even further by the pandemic will suspect global leaders of conspiracy.
00:24:44.000I think I got my Shakespeare quotes correct.
00:24:46.000The lady doth protest too much, methinks.
00:24:49.000Now, I'm not exactly one for Shakespearean old English, but hold on a second.
00:24:56.000You guys are worth like $700 billion, just five of you guys having lunch.
00:25:01.000Why are all of a sudden you having to deflect against the accusation of you being puppet masters from around the planet with that kind of imagery?
00:25:08.000I think you're a little bit self-conscious.
00:25:10.000Let's go to Cut 56, where the Davos people are saying we need to be involved in all the decision-making.
00:25:16.000We need enormous trust between the public sector and the private sector for us to pull this off.
00:25:22.000Every one of us has differing priorities, values, and ideas.
00:25:27.000That's part of why solutions are so hard to come by.
00:25:30.000And why we all need to be involved in the decision-making.
00:25:33.000Because whether it's politicians, CEOs, academics, activists, or you, we're all about getting people together, even those you may not like, to sit down at the table and develop solutions that work for all of us.
00:25:46.000But enormous trust between the private sector and the public sector for this to actually work.
00:27:02.000It might have been at the United Nations.
00:27:03.000Anyway, where she was scolding heads of state from around the world.
00:27:08.000What happens at the World Economic Forum does not stay at the World Economic Forum.
00:27:12.000It spreads to nations across the country.
00:27:15.000This is where the ideas, such as the Paris Climate Accord, such as the Iran nuclear deal, such as the Trans-Pacific Partnership, they're all hatched here.
00:27:25.000And so when you go through the website of the World Economic Forum, and I encourage everyone to do this, and just look at their own playbook.
00:27:32.000Look what they're openly admitting what they want to do.
00:27:36.000It paints a picture of exactly why they are trying to push so hard against conservatives in this country.
00:27:45.000For example, building a net zero, nature-positive economy.
00:28:07.000And one of my favorites is an entire page here on the Great Reset.
00:28:12.000Participants in the World Economic Forum today include Emmanuel Macron, Angela Merkel, Xi Ji Ping, the head of the European Central Bank, Christine Lagarde, Antonio Guterres from the United Nations, and more.
00:28:30.000What are the key themes this week of the World Economic Forum?
00:30:24.000Yeah, he's not just making this up, you guys.
00:30:26.000We're reading word for word what the text of this video looks like, and it's chilling.
00:30:31.000Yeah, so I am going through the list here.
00:30:34.000The World Economic Forum wants you to think that there's nothing sinister about their globalist master plan.
00:30:44.000And it's not surprising that the very people that shut down world economies, put millions and billions of people back into poverty, have suppressed human freedom and natural rights, are now all of a sudden going to say, oh, trust us with more power.
00:32:13.000And in the next segment, I really want to dive into why is it that people believe that the global elites are trying to take over everything?
00:32:20.000Like, where do these theories come from?
00:32:25.000Of course, not all the theories are true.
00:32:27.000But the question is, why are the elites doing nothing to try to stop these elites from spreading?
00:32:33.000And so a lot of people are emailing us around the World Economic Forum, and I appreciate that because it's a very important thing.
00:32:46.000And so the World Economic Forum came out and they said, there's all these theories of a global conspiracy, and none of that is true.
00:32:53.000And again, the lady doth protest too much, methinks, as Shakespeare would say.
00:32:58.000However, the ruling class and the elites, instead of actually taking a step back and they say, wait a second, why is it that all these theories are spreading?
00:33:12.000Why is it that people are believing things that might be half true, might be totally true, or not true at all?
00:33:22.000I was speaking at my pastor's church at Calvary Chapel Godspeak in Thousand Oaks, California, not too long ago, and I had some conversations with a couple people.
00:33:33.000And there was one person in particular that I met, a really sweet person, and he just believed something that was untrue.
00:33:40.000He just believed something that was not correct.
00:33:43.000He said, Donald Trump will 100% serve four more years and get sworn in at the inauguration.
00:33:50.000And so instead of kind of dismissing him, instead of mocking him, I took a deep breath.
00:34:18.000Why was he believing it without being confronted before?
00:34:27.000The answer is that the self-contained conversations on social media create feedback bubbles.
00:34:35.000Even worse, when you kick so many accounts off of social media and all you do is dwell on the message boards and you see hundreds of people commenting, they're almost a separate mob psychology starts to set in.
00:34:50.000So this sweet gentleman who I talked to for a little bit had never been cross-examined online with a differing opinion.
00:35:03.000And the same could be said, by the way, for people on the left that say that Donald Trump is a Russian agent.
00:35:08.000They only follow people on Twitter that say that.
00:35:10.000They only talk to people that say that.
00:35:12.000They never had anyone factually or rationally cross-examine them.
00:35:16.000So again, the self-contained conversations create negative feedback loops of information where the only output is what you already believe.
00:35:28.000And a consequence of that is then you start believing things that are totally wacky and it invalidates any sort of criticism or concern that we might have.
00:35:38.000And so I don't know if this is intentional or not.
00:35:46.000But when you suppress so many pieces of conversation, all of a sudden, more conspiracy theories are going to start to get latched, hatched.
00:36:33.000And when groupthink kicks in, then there is almost a dogmatic belief around a certain perspective or subset of ideas.
00:36:46.000That's why if you had these social media companies operate the way they should and someone says something like, you know, Mike Pence is in gitmo right now, someone could say, no, he's not.
00:37:15.000And when you start to shut down certain voices, you know what people say is, oh, they're shutting that person down because he has so much good stuff to say.
00:37:23.000Well, no, they're shutting the person down immorally because they're afraid of what the consequences of the ideas would be, but they're handling it incorrectly.
00:37:31.000You're only going to have more people like that than start to pop up, not less.
00:37:35.000Email us your questions, freedom at charliekirk.com, freedom at charliekirk.com.
00:37:40.000And you can support us at charliekirk.com slash support.