On today's show, Tim and Jason talk about the Wall Street Betting Riot, the GameStop stock crash, and why Joe Biden should have voted for himself. Plus, Jason Whitlock joins the show to talk about why he thinks Joe Biden is a racist and why he would vote for him.
00:00:41.000r slash WallStreetBets for the past, I think, couple of weeks.
00:00:45.000I mean, honestly, probably for a longer time than we realize.
00:00:47.000They've been going after these hedge funds, these companies that are basically betting on retail shops doing really poorly.
00:00:55.000Well, they decided to counter this move by rallying everybody, all these small individuals with a couple hundred bucks here and there to buy some stock in things like GameStop and AMC to destroy, effectively destroy, these hedge funds.
00:01:10.000We had people on the left and the right cheering, watching these people buy stock in these companies because it meant that these hedge funds were going to lose billions of dollars for once.
00:01:22.000It seemed that the working class people were transferring wealth from the 1% to them as opposed to the other way around.
00:01:30.000Well, there's a lot to go here to break down the story.
00:01:33.000I'm sure many of you have been following it.
00:02:31.000We got Vladimir Putin basically saying, we are looking at a World War II type scenario.
00:02:37.000We got this Twitter troll going to prison for posting a meme, so people say, but it did misinform people on how to vote and, well, it's a crime apparently.
00:03:09.000Made my name in Kansas City, Missouri at the Kansas City Star in the 1990s and early 2000s.
00:03:16.000Writing predominantly about the intersection of sports, race, and culture.
00:03:24.000And eventually got jobs at ESPN and Fox Sports and went out on my own.
00:03:33.000Recently I moved fully into TV, doing my own TV show at Fox Sports 1.
00:03:40.000And then went out on my own without kick, and now I'm a free agent again, about to do my next move and probably try to, you know, move into the space you're in, in terms of just being an independent voice of truth.
00:03:54.000And here more recently, I still write about sports, but I write mostly about race and culture, and that's kind of what I'm known for.
00:04:03.000As of recent, I think you had a particular critique of Black Lives Matter.
00:04:07.000I think it's fair to say you're not particularly woke.
00:05:02.000I now, I feel compelled that I have to participate in the election process because I'm so disappointed by what has transpired over the last few years here.
00:05:14.000Oh yeah, well we have a lot to talk about, especially with some executive orders from Joe Biden and critical race theory and all that stuff, so we'll get into all that.
00:05:20.000We also got Luke Rutkowski hanging out.
00:05:21.000Joe Biden would say some interesting things about you if he found out you didn't vote for him.
00:05:26.000Also, another thing before starting out here.
00:05:30.000When it comes to some of the censorship happening right now, we do have to understand that the hedge funds managers statistically are a minority, and it's important for the big tech algorithms to, you know, use, you know, to police all the hate speech going against them right now.
00:05:44.000So when you say hedge fund managers are dumb, It's hate speech.
00:06:54.000Some people have messaged me, some foreigner friends I have, a lot of commentators in Europe and stuff, saying, it's not the end of the United States.
00:06:59.000It's the end of the United States as an empire, as this global force.
00:07:03.000The country is going to exist and be fine, but this is that change that's coming, and there's going to be inner turmoil and conflict, and it's, you know.
00:07:09.000Maybe gonna be like the fall of the Soviet Union.
00:07:11.000He has the House and the Senate that are democratically controlled, and he's still signing executive orders like a madman?
00:07:50.000And it feels like that's being outlawed in America.
00:07:55.000Free speech, anybody on a search for truth, you have to take some political agenda hardcore, and it was...
00:08:06.000Uncomfortable for me to realize that as flawed as President Trump was, he was our last best hope to retain free speech and a lot of the traditions in America that I actually love and enjoy about America.
00:08:26.000It was uncomfortable to come to that realization, like, that's our last hope.
00:08:32.000Well, we'll definitely get into this because I want to talk, I want to, I want to segue from like the Wall Street bets to like this collapse stuff.
00:08:37.000But don't forget, while we're finishing our intros, we got Sour Patch, let's press another button.
00:08:52.000And ladies and gentlemen, we have a wonderful sponsor tonight helping make this show possible.
00:08:55.000I'm eternally grateful always when we get sponsors, especially in these hyper-partisan trying times.
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00:11:55.000CNBC doesn't like WallStreetBets because CNBC is where all these crony hedge fund types and WallStreet types go on the TV and essentially it can manipulate markets and trick poor people into losing a lot of money.
00:12:09.000They say, Wall Street Bets Reddit chatroom, where retail investors marshal against short sellers, went private Wednesday.
00:12:17.000You must be invited to visit this community, the page now states.
00:12:20.000The forum's members topped 3 million as of Wednesday.
00:12:23.000The community gathered an army of rookie day traders who go after heavily shorted stocks, pushing share prices higher and squeezing out short-selling hedge funds.
00:12:33.000My favorite part in all this, everybody loves it.
00:12:35.000Everybody except the crony establishment elites.
00:12:39.000You go to Reddit, and right now, you have to be invited to this community.
00:12:42.000I suppose that means there's about 3 million people who are still able to easily access this and see what's going on, but if you're, you know, a layman looking in from the outside and you didn't sign up, like me, you can't see what's going on.
00:12:53.000So let me show you something real quick.
00:12:54.000I just want to show you the GameStop stock.
00:13:14.000And to be fair, there are some of these, you know, Wall Street types who are definitely saying it's a big mistake, these people are gonna get hurt.
00:13:50.000They've been talking about how they have to censor everybody for their hate speech because they say naughty things that offend people.
00:13:56.000But what happens when you get a group of people, a large group of people, thousands, tens of thousands, millions, who are saying, we found out a way to take the money from the 1% and bring it back to the people?
00:14:18.000So that's when, like, trading goes too crazy, they stop it.
00:14:20.000But then we saw that some of these platforms, like TD Ameritrade, restricted trading.
00:14:24.000So we know what they're doing behind the scenes.
00:14:27.000The people at Wall Street Bets even think that there's a coordinated effort to manipulate the market to try and save these hedge funds, because someone's got to bail them out.
00:14:34.000They could end up being in debt $10 billion, meaning they're gone.
00:14:39.000Now, I don't know what you guys think.
00:14:40.000To me, this reeks of phony censorship.
00:14:45.000Accuse them of hate speech, that way they can try and at least pretend like they have some moral high ground.
00:14:51.000I mean, what did you think when you allowed Silicon Valley to aggressively police speech?
00:14:55.000What did you think was going to happen?
00:14:57.000Of course, they're going to be using it and abusing it to help out their friends, their family members, the people who serve them, the people who give them money in.
00:15:25.000People won and enriched themselves to the tune of $14.3 billion.
00:15:30.000Manipulators all these hedge funds managers that are ... absolutely hated by the left and the right are finally ... getting a taste of their own medicine and a lot of people ... are realizing hey it's only capitalism when it benefits ... them and we saw massive massive pushback by CNBC ... freaking out CNN wrote an article.
00:15:49.000How Trumpism explains the GameStop stock surge.
00:15:53.000I mean, if CNN couldn't absolutely hate it when Wall Street hedge funds managers don't get their pound of flesh from Main Street, this absolutely exemplifies it.
00:16:46.000If you're in the service industry, you're not making near the money that you used to make.
00:16:52.000Many of the people have lost their jobs.
00:16:54.000And so, listen, I don't want to cry broke here because I'm not broke.
00:16:58.000But I will say this about COVID and what has happened is that I got heavily involved with my TD Ameritrade account.
00:17:08.000I have one that my financial advisor runs, and then I have my own little one that because of COVID and I was at home more, I started paying a lot of attention to.
00:17:19.000And if there have been stories written, I think like 16 million people have signed up for their own personal accounts.
00:17:27.000And so what I think is going on here They're calling a timeout like, wow, we got 16 million new traders.
00:17:34.000There's some people that read it that have figured out.
00:17:37.000They've gathered up people that have been put out of work, the working class, and they figured out how to make money.
00:17:44.000And we have to call a timeout and figure out how do we respond to all of these new traders and this new economy that's going on in the stock market.
00:17:55.000And so they're coming up with excuses while they try to figure out how they stop this disruption.
00:18:00.000that it's taking their money away bro yes but just think about what hedge funds represent the
00:18:07.000destruction of the little man and the small businessman the individual restaurant owners
00:18:13.000the individual stores and provide everything is walmart Everything is Amazon.
00:18:21.000And I think these people, and again, I don't have a full understanding of Wall Street bets and what's been going on, but it just feels like the working class fighting back and the elites calling a timeout.
00:18:35.000That's what the Nasdaq CEO was considering today, thinking about holding and stopping trades to recalibrate their positions to, of course, combat people on Reddit.
00:18:44.000And now people on Reddit are even pushing their discussions, making their groups private, which is absolutely crazy here.
00:18:50.000But one thing that you also brought up during the whole coronavirus 2020 year, stock market speculators were the only ones who made record high profits while everyone else was wiped out.
00:19:04.000People understand that this is not right because when we look at hedge funds managers, the people on Wall Street, they don't provide any services.
00:20:20.000Sitting around with their Robin Hood accounts, TD Ameritrade, and then someone says, hey, you know those fat cats who made billions of dollars off our back while our economy collapsed?
00:20:44.000And what do you think is going to happen when a bunch of these young people are like, screw it, and they dump it all to target these short squeeze out these hedge fund managers?
00:21:28.000And another thing to kind of really, really consider here is wait until Wall Street bets, wait until that community finds out about Bitcoin.
00:21:36.000I mean, there's also another huge potential here of people saying, well, we're going to invest where things actually matter, where they actually make an impact.
00:21:43.000And this is a sign that a lot of people on the left and right are seeing as this huge merger point of people finally coming together, putting their political differences aside and saying, you know what?
00:21:54.000Let's play the market just like they play it.
00:21:56.000I, you know, I hear what you're saying, but you know what I think is more likely to happen is that the hedge funds are going to panic and find Bitcoin.
00:22:01.000Because these shorts are being attacked, all right?
00:22:51.000If the GameStop stock goes to $5,000, which I'm not saying it will, then for every share that they sold at $6, they owe that $5,000, and they only got $6.
00:23:02.000So they're looking at, what do you say look like?
00:24:28.000I'm embarrassed and I'm not, I'm not, Super rich, but I'm embarrassed by how much money I've made during COVID by buying devalued stock and then sitting back for the last six months and watching it grow.
00:24:42.000It's embarrassing how much money I've made sitting on my rear end.
00:25:43.000You got right-wing individuals cheering for it.
00:25:44.000And I'm sitting back like, yes, unity.
00:25:46.000I mean, this is why we've been saying voting with your dollar is extremely important.
00:25:51.000And when we look back at previous movements like Occupy Wall Street, we can make fun of them, we can ridicule them, but one of the major success stories was them disinvesting from major big banks and investing in smaller community-based banks.
00:26:04.000And that's one of the success stories that I think shook a lot of people from the core.
00:26:08.000I think a lot of people are shook especially from the reaction from the mainstream media especially from the reaction of big tech and also from the from the response that we got from the White House today as Biden's press secretary was asked about this and her only response was do you know we have a female Treasury secretary?
00:26:26.000Literally that was her response and that the female ... Treasury secretary by the way Janet Yellen former head of ... the Federal Reserve who also gave speeches to Wall Street to ... the tune of millions of dollars she enriched herself ... for giving speeches to Wall Street and also was a part of ... the same institution that bailed out all these big Wall ... Street banks and firms during the covid scandal we have to ... understand those a huge transfer of wealth that no one ... wants to talk about with a Federal Reserve printed a ...
00:27:19.000You know, what's funny about this is that what we're watching
00:27:22.000right now are these billionaires having their wealth redistributed among this community of 3 million people.
00:27:27.000And I'm like, that sounds awfully like what these socialists have been calling for for some time, but everyone's cool with it because it wasn't done through government.
00:27:58.000Okay, but during the Great Depression, what happened was the economy was booming, and everyone was like, oh, you can buy stocks to make money?
00:28:05.000I'll take out a loan to buy stocks and assume that the stock's going to go up.
00:28:08.000And it kept happening, and people kept taking out more loans and more loans, and then one day, A big sell happened, and they called a margin call, which is the stock's down, so you're going to have to pay for the loss with your loan.
00:28:21.000People are like, I don't have that money.
00:28:23.000I took a loan out to buy the stock in the first place.
00:29:03.000Because, again, I think all of us are involved in the stock market in one way or another, and we have to disclose this, and there's a bunch of weird particular rules surrounding this particular issue.
00:29:13.000Like Jason, I got in during COVID to the stock market.
00:29:15.000I love the saying that the market will remain irrational longer than you can remain solvent.
00:29:21.000So these people who are placing these bets or buying on margin, when those calls come in and you've got to pay up, You might be like, that makes no sense.
00:30:30.000This, to me, is a sign of major instability.
00:30:33.000I'm not entirely confident about what comes next.
00:30:36.000You know, we've talked about civil conflict, you know, whatever you want to call it.
00:30:41.000Man, I gotta tell you, when we've talked about like Weimar Germany and the mass printing of money and people shoveling money into the gutter and stuff, we are looking at this crazy economic instability.
00:30:52.000What happens when the system shuts down?
00:30:54.000When they try everything in their power to stop the people from rising up?
00:31:26.000But again, a bigger point to add here, no matter who made money today, we also have to realize a big fact here that tens of millions of people woke up to how the game is rigged.
00:31:36.000We had a very, we had a very... What woke them up?
00:31:41.000CNN, CNBC, I mean, we can make another argument that, but again, today's a very special day because it is the rare occurrence where wealth Finally transferred from Wall Street to Middle Street.
00:31:54.000Usually it goes from Middle Street to Wall Street.
00:32:21.000They wanted you to sell so they could buy it cheap.
00:32:23.000When it was at like $38, $39, you had people who finally, finally poor people see cryptocurrency and they're like, I'm going to buy some of this.
00:33:11.000I just want to repackage and restate your point to me, my interpretation of your point.
00:33:16.000I think America tried to speak through politics, through the ballot, hey, we don't like politicians, so we're gonna elect a reality TV star.
00:33:27.000Then, now that they've totally rejected that, they've turned to, okay, we're gonna take money from you to try to express our dissatisfaction, so it goes from the ballot to the dollar, and the only option left is the gun.
00:34:48.000And it's so absurd because we're having people invest in a company, invest in the stock market, something that a government should see and say, Yeah, that's great.
00:34:57.000People are investing and having trust in our big financial institutions that are usually rigged against them.
00:35:02.000But because they're so rigged, because they're so manipulated, people are using those same tricks and they're having a mirror to this corrupt, nasty little witch that is the financial system and it's finally seeing itself in its own reflection and it's saying, oh my goodness, I am ugly.
00:35:18.000I created these rules and these rules are slapping me upside the head and I'm becoming a lot uglier as the time goes on.
00:35:23.000Let's talk about this Trumpism article.
00:35:35.000But let's read anyway from Chris Silliza.
00:35:37.000He says that the core of Donald Trump's angry populist appeal was and is this sentiment, quote, the elites think they know better than you.
00:35:45.000They think they can tell you how to live and what to believe.
00:36:03.000Because a committee can't figure out how to distribute resources better than a decentralized network of individuals who are seeking the things they need and want.
00:36:12.000Now don't get me wrong, I'm not a lousy fair capitalist.
00:36:13.000I think there are still problems there.
00:36:22.000He says Trump elucidated this argument in its purest form at a rally in North Dakota in 2018, when he went on his rift, quote, I meet these people.
00:37:05.000Chris says, what made Trump's argument so potent, politically speaking, is that he wasn't just calling out the elites, he was saying that the average Joes needed to rise up and actually show them how wrong they were.
00:37:15.000That voting for him was the best way to express their anger and frustration, with the condescension of the alleged bettors.
00:37:23.000Donald Trump offered himself up as a collective middle finger to the elites, and he won.
00:37:28.000All of which brings me to the current, seemingly inexplicable stock surge of GameStop, the video game seller that has made its money over the years, thanks to its location in malls.
00:37:36.000Now, from here, we get kind of the point.
00:37:38.000I got to tell you, for the most part, he's bringing up the correct point in kind of the wrong way.
00:37:48.000The elites have been saying we're smarter than you.
00:37:51.000They have been using revolving-door politics, where the people from the biggest corporations get the jobs in government, overseeing the same company they just worked for as CEO.
00:37:59.000Or starting wars and selling the bombs from government back to their friends in those companies.
00:38:03.000We know what they do, and we know the games they play.
00:38:14.000Maybe six months will kick you a check.
00:38:16.000That isn't enough to buy a loaf of bread.
00:38:18.000More importantly, let's even talk about schools.
00:38:20.000I'm not a fan of college, but they are telling these people, your only choice is to go to college, racking up massive debt for young people who find no way out.
00:38:29.000The elites have been milking it and extracting it forever.
00:38:32.000And it's gotten to the point where people are saying, enough.
00:38:35.000And now the best part is, the left and the right are both laughing as this happens.
00:38:39.000But to claim it's Trumpism, no, you see, Trump was the imperfect avatar for people who felt this anger.
00:38:46.000But there are people who couldn't agree with his policies.
00:38:48.000As a man, he couldn't represent this entity well enough.
00:38:53.000With Trump gone, that entity is now in its purest form.
00:38:56.000The rage of the people staring at the elites who have been stripping out their value and kicking them down and mocking them has now just been unleashed.
00:39:10.000Chris the author of this article actually tweeted it and the number one response right now is a picture of Ralph with a flute in his nose with a thousand five hundred likes right now and I'm reading some of the replies and a lot of people are just like what are you talking about?
00:39:27.000And you're right, he had a hard time explaining what was happening, so he just did the laziest
00:39:32.000thing he could and said, it's just all because of this one guy.
00:40:11.000And that's the sentiment you have in the South, in Tennessee, where I live.
00:40:18.000Nashville is a relatively liberal city.
00:40:22.000It's had a liberal mayor, a Democratic mayor, since like the 1960s or 70s.
00:40:27.000But that guy's sentiment on his hat that he's wearing out in a crowded bar, everybody watching football, no one bats an eye at thinking like that.
00:42:17.000You're either populist or you're an elitist.
00:42:19.000I understand it's not absolute, but the general idea is for, of, and by the people, or for the establishment elites, the cronies, the people with the money, the people born in the wealth.
00:42:29.000The way I look at populism is popular ideas for the population, ideas that the people want and need.
00:42:36.000So when you have the left and the right completely disagreeing on how to implement the policies to make things better, but completely agreeing the establishment is crooked and corrupt and cheering this on, well then we are seeing some kind of raw unified force.
00:42:50.000It's not going to be politically unified.
00:42:54.000The political parties and the ideologies are more of effigies or avatars of this ideology or anger.
00:43:03.000No, what we're seeing now is pure rage.
00:43:05.000When you see people go out in the street and riot, pure rage.
00:43:14.000But a lot of people are throwing their money behind this, not expecting to get rich.
00:43:17.000Tim, do you think, because my concern as a black person is, I'm wondering, it's like when I'll have a conversation with my mother about all of this and she's so into Democratic politics.
00:44:22.000When we at Occupy Wall Street, Luke and I met at Occupy Wall Street, and we're like, on mere images, we both took the political compass test.
00:44:43.000That came in and dominated the discussion and it pushed out anybody else who might actually align.
00:44:49.000And so that that that was divide and conquer.
00:44:51.000Yeah, I mean, that's why a few weeks ago we were talking about this and I'm like,
00:44:55.000there's going to be a huge anti-establishment swell that's going to come after people realize
00:45:01.000about how Joe Biden is invested in the special interests that don't serve them that screw the
00:45:06.000American people. I think we're seeing the first steps of this and I think we still have a lot
00:45:12.000more to go a lot more to do and I think this is going to become more and more prevalent as we're
00:45:16.000going to see this kind of new emergence of a new kind of Occupy Wall Street populist movement
00:45:21.000that's going to be against the establishment. We're seeing it here. I mean, I was telling you
00:45:26.000it's going to happen a few weeks ago. I think we're at the beginning of it.
00:45:29.000It might be the stock thing, it might be another thing, but I think we're headed towards a lot of people being extremely discontent with the current system, realizing it, organizing, and moving forward.
00:45:40.000I mean, we're seeing almost close to civil wars breaking out in places like Holland right now over, of course, the lockdown issues.
00:45:46.000And that's only just one issue out of many issues that people are getting screwed over with.
00:45:49.000Look at Vladimir Putin saying in Davos, we're in an era that was just like pre-World War II.
00:45:56.000And so we're dangerously close to something truly traumatic and devastating in this planet.
00:46:01.000We talked about this before, the mass printing of money.
00:46:03.000Did you know that somewhere around like 60 to 66% of all U.S.
00:46:07.000dollars were printed in the past like 10 months around that?
00:46:12.000And so you have to imagine there's going to be some rapid and dramatic instability or mass divide between the rich and the poor getting worse.
00:46:20.000Economic inequality leads to serious economic instability.
00:46:23.000Angry poor people come up, come out, show up with pitchforks when they realize there's no path forward for them.
00:46:28.000And that if you're going to, you know, you look at some of these places where there's oligarchy.
00:46:32.000San Francisco is essentially a big tech oligarchy.
00:46:35.000There's so much human waste littering the streets of San Francisco.
00:47:16.000I'm basically going to reiterate a point we made earlier, but now looking at how people are like, oh, we can play this Wall Street game too, right?
00:47:36.000We have an extraordinary political and cultural conflict involving intergenerational wealth, vast disparities of power and a deeply corrupt financial system.
00:47:46.000And this is all the Biden White House has to say about it.
00:47:49.000And it's the White House press secretary responding, saying that they have a first female Treasury secretary.
00:48:12.000I made that joke the other day, but I'll make it again.
00:48:14.000I just love seeing left and right come together because the identity politics divide was what helped destroy the unity around Occupy Wall Street.
00:48:23.000It became a very leftist thing when it was actually a very anti-establishment thing.
00:48:28.000It was like the big banks were getting bailed out off our backs and we were suffering because of it and everybody was mad about it.
00:48:35.000And then all of a sudden some kids showed up and they were like, but you're white.
00:48:39.000And then all of a sudden, the conservative types who were down were like, this is creepy and weird, and left.
00:48:44.000I remember talking to some 60-year-old couple.
00:48:46.000They were conservatives, and they were down there, and they had an American flag, and they were like, we don't like what they're doing to this country, and they're, you know, extracting our wealth and all this stuff.
00:48:52.000But within a couple weeks, it was just far-left identity politics, progressive stack, whiteness, and, you know, cis-heteronormativity, and things like that.
00:49:02.000So is today, perhaps, a moment of optimism?
00:49:25.000If I made all the money in the world, I would still hate elites.
00:49:27.000There's a big difference between, you know, some somebody who comes up and makes money and become successful and has lived through it and the people who are born into massive billion dollar wealth.
00:49:37.000I'm talking like the true global elite class.
00:49:39.000And when you guys say like globalist or elitist or anything, are you talking about people?
00:49:42.000I assume you're talking about people with offshore bank accounts or, um.
00:49:47.000I'm talking about the media who panders to the elite.
00:49:53.000Everybody on basically mainstream media, the cable news networks, they all pander.
00:51:11.000If you remember, last year, almost exactly this time, there was an entire scandal because there was Senate hearings where they talked about COVID and COVID coming to the United States.
00:51:22.000What did senators, politicians do with that advanced knowledge that was classified, not available to everyone?
00:51:41.000When you have Nancy Pelosi buying Tesla stock a month ago, and then Joe Biden announces he's going to switch the entire federal fleet to electric cars, guess who makes millions and millions of dollars?
00:51:51.000Is it a coincidence that she did this right before Biden was about to come in and do this?
00:52:28.000Someone will say, look, we can't pay you the money, it's illegal, but how about you join the board of our charity and we'll put $50 million in it and then you can use that money as an executive or chairman of this company, do whatever you want.
00:52:41.000There's ways to give people resources and money through loopholes and it's the game they play.
00:52:46.000So when you see people like, um, I think it was Biden.
00:52:49.000The Biden family had like some kind of cancer charity, paid a bunch of salaries, ran out of money, and then just shuttered.
00:52:55.000I could be wrong about that, so that's probably wrong, but something like that.
00:52:58.000You see a lot of stories where all of a sudden some super rich person or some politician The Clinton Foundation!
00:53:15.000He was bragging about how he started the Clinton Global Initiative.
00:53:18.000I got kicked out from their meetings and banned for four years when they were still holding committee meetings because I made sure to show up and to ask some serious questions.
00:53:30.000Without, you know, saying too many of the key words here, there's a lot of bad people tied into a lot of lobbying efforts that were directly tied into the Clinton Global Initiative.
00:54:01.000Obviously with the deletion of our Discord due to TOS violations, the moderators here are dealing with an existential threat to our community.
00:54:08.000While in the past, automated moderation using bots has been effective for dealing with human users, violating the WallStreetBets sub, TOS, I think I think A has been reached where the quantity and quality of posts primarily by bot accounts has likely overwhelmed our moderator resource.
00:54:25.000Please remember that moderators on Reddit are unpaid volunteers, they are likely working on a way to 1.
00:54:30.000Prevent bots from creating ridiculous quantities of noise.
00:54:32.000The community up and down voting system doesn't work when there are endless bots able to down vote posts by non-bot accounts.
00:54:39.000Similarly, even with eliminating accounts, to those registered in the past 45 days, people have been sitting on thousands, potentially millions of accounts that were registered in the past purely in case there was a need to obfuscate legitimate content and concerns.
00:54:51.000This has been a tactic used by nation-states for other websites such as Facebook, Twitter, and more.
00:54:56.000I don't see why powerful groups wouldn't employ this tactic as well.
00:55:44.000That was the internet discovering their hive mind powers with helping Donald Trump win.
00:55:50.000Now, the fat cat elites were caught off guard.
00:55:53.000You see, with Donald Trump, the Donald subreddit got first deranked, they were accused of all this craziness, and then they were banned from the front page.
00:56:02.000They became a restricted or quarantined subreddit where you had to, like, confirm your email and then bypass some filter to actually get to the forum to see the memes and the posts about Trump.
00:56:12.000No longer would these pro-Trump memes appear on Reddit, unless you sought it out.
00:56:18.000One day, The Donald decided, we're at risk of being banned, so we're going to create our own clone called TheDonald.win, a separate website that functions the same.
00:56:30.000The community started existing on its own, totally independently, and then four months later, even though the moderators had basically shut down the Reddit version of it, the admins for Reddit banned them and claimed they were posting hate speech or some other nonsense.
00:56:44.000Which is weird, because they had been operating entirely on a different website.
00:56:51.000Now that Donald has become Patriots.win, because Donald Trump is no longer president, But this was a sign that things were changing.
00:56:58.000People realized, big companies, these fat cat elites, these establishment elites realized the power of Reddit and its influence, how it helped Trump win.
00:57:06.000Now when you go to Reddit and you go to r slash all, which is just a directory for every post in their rankings, you'll see like three or four pages of Bernie Sanders, Ocasio-Cortez, and all far left.
00:57:18.000That was the political people realizing we need to control the ballot box, or effectively the soapbox.
00:57:25.000Those who would speak and speak up can't speak up for Trump.
00:57:31.000And so you'll often see in the politics tab and the news tab, it's all far-left stuff.
00:57:35.000But what they didn't count on is that many of these people with this anger towards the elite and the establishment were still functioning but focused on the finances.
00:57:43.000And much like they went after Donald Trump, They took them a while to realize that Donald was providing Trump this resource, this soapbox.
00:57:51.000Now Wall Street bets is there and it's embodied that anger.
00:58:23.000You see, if I were to tell you that the Donald was posting violent threats against police, would you believe me that Trump supporters were posting violent threats against police?
00:58:33.000That's what they claimed they were doing.
00:58:35.000They claimed that there were people in the Donald subreddit threatening cops.
00:58:55.000Far leftists or establishment Democrat types with powerful interests could very easily just go to the Donald, create an account, and then post something nasty.
01:00:52.000AOC tweets, gotta admit it's really something to see Wall Streeters with a long history of treating our economy as a casino complain about a message board of posters also treating the market as a casino.
01:01:06.000I will absolutely stand side by side with all of the leftists and right-wing whoever if we're talking about the establishment elites and their manipulative games to steal our money.
01:01:35.000I still think this identity politics thing is really strong and maybe that's just me as a black person because I know the influence of Black Lives Matter and that will potentially stand in the way of people awakening from my community to like Hey, no, no, because that's all I've been trying to promote probably my entire career is like, hey, man, working class people, you have far more in common than you have in contradiction or in conflict with each other.
01:02:05.000If you can just get past the race thing, you'll see you guys are natural ally.
01:02:11.000We're natural allies, but they've used this race thing so effectively You know, the whole Democratic platform seems to be, you know, pull that lever.
01:02:23.000For white people, it's pull that lever and no one can call you racist.
01:02:27.000And for black people, pull that lever and no one can call you a coon or an Uncle Tom.
01:02:36.000You know what really blew my mind is when RNC had a few speakers come up who were black.
01:02:42.000And then the left started calling them tokens.
01:02:44.000And I'm like, you complain they're not diverse enough, so they say okay, and they put forth some black speakers, and then you say they're tokenizing them.
01:02:50.000I'm like, there's no winning, is there?
01:02:52.000No matter what they do, they're racist.
01:02:53.000I don't even like the word black and white, because we're not.
01:03:49.000But I think so much of our identity is tied to politics now.
01:03:54.000And to me, I've never wanted to be judged on that.
01:03:57.000And for black people, I don't understand To me racist slave owners 400 years ago said your skin color is the most important characteristic you have and it limits your freedom and now here we are 400 years later and
01:04:18.000Black people are saying, my skin color is the most important characteristic I have and it limits my freedom.
01:04:44.000And that's what we should be focused on.
01:04:45.000One of the things anyway, Well, I think we're people, you know what I mean?
01:04:49.000And I remember growing up and rolling my eyes as a teenager when I would hear things like, race is not relevant because we're all human beings and we all bleed the same.
01:05:35.000If you had a choice, I asked friends of mine.
01:05:37.000I said, let's say that there was some deal where the government came down and said, hey look, you're either going to have to choose being heterosexual or black.
01:05:46.000Which one are you going to stick with?
01:05:50.000That's what I was thinking about that earlier.
01:05:52.000And so I say, so go ask Don Lemon that question and see what the answer is.
01:06:30.000And then I tend to like women, so I want to hold on to being a head of church.
01:06:35.000I think when it comes to politics, you've got high-functioning individuals.
01:06:40.000I'm not trying to be mean or disrespect anybody, but you've got people who are more logical, less emotional, and you've got people who are more emotional, less logical.
01:06:48.000And so somebody who's not particularly logical, they judge a book by its cover.
01:07:02.000So these are low-functioning people who are easily exploited by racial politics, whereas high-functioning people are like, I don't know, people, it's merit, it's hard work, it's what you choose to do.
01:07:13.000Some people are smarter, some people are dumber, some people are stronger, some people are taller, some people are shorter.
01:07:18.000Everybody's different, you know, and we have to respect those differences, but there's bigger differences between, like, there's, you know, a white dude who's 6'7", and there's a white dude who's 5'3".
01:07:29.000And there's a bigger difference between them than, like, you and me.
01:07:31.000Race doesn't even play that big of a role.
01:07:33.000I've asked people all the time if they're even aware that there is a height bias in all of society.
01:07:39.000The taller you are, the more successful you tend to be.
01:07:42.000And, you know, there's height privilege.
01:08:13.000You're divulging from the actual thing that makes you special, and that's you as a unique human being, and you're either a very bad one or a very good one, or in between.
01:08:21.000But you decide that, and it's not superficial.
01:08:24.000It's based on your morals, your virtues, and your actions that people don't care about anymore because they care about only how you look, which is ridiculous and dumb to me.
01:09:11.000But they could potentially run faster.
01:09:13.000So it's really just, you know, the way I've always been, you know, growing up with my family, who of course, you know, it's been mentioned a million times in my various shows, is mixed race.
01:09:23.000It's that everybody's dealt a hand of cards when they're born, and you might have a bad hand, but you can still win.
01:09:31.000You ever watch a poker game where a dude's got like two seven off suit and he still wins?
01:10:49.000They're literally reactionaries who are trying to bring us back to the way things used to be.
01:10:54.000The left likes to call the right reactionary because the phrase comes from the French Revolution when you had the reaction to the revolution.
01:11:03.000So those that wanted to maintain the status quo were called reactionary.
01:11:06.000My friends, what is the status quo in this country?
01:11:08.000How long have we had civil rights in this country?
01:11:12.000So, do you want to tell people how old you are?
01:11:49.000And first of all, the obstacles that I faced, I don't think we're anything in comparison to my parents.
01:11:57.000I was raised with no excuses, you've been put in position, and I was put in a great position because I got two supportive parents, but I grew up poor.
01:12:09.000In 1984, my senior year of high school, me and my dad lived in a 400 square foot, one bedroom apartment in the ghetto.
01:12:42.000I tried to quit my college football team and I was on scholarship and both of my parents said, good luck with the rest of your life if you're dumb enough to quit that free college education.
01:13:09.000But I mean this as a sign of the utmost respect that you're talking about how you were in the high school, in the ghetto, in this tiny apartment, and that sounds like you're doing really well, man.
01:13:19.000Yeah, no, I've been doing well for a while, but my high school was working class where I live with.
01:13:25.000My dad was poor, but anyway, I had, I have lived the American dream.
01:13:36.000I've lived in working class suburbs per se, and I have worked my way up.
01:13:44.000My first job out of college was $5 an hour.
01:13:46.000This is the point I was trying to get to, just to go back to where I was at.
01:13:51.000I grew up hearing these stories from my family as well, especially from my mom, who experienced growing up in, you know, before the civil rights era.
01:13:58.000She was a little kid before there was even civil rights law, the 1967 Civil Rights Act, before Loving v. Virginia.
01:14:04.000So my mom's side of the family literally was illegal.
01:14:09.000This was back when, before the Supreme Court ruled that interracial relationships were allowed.
01:14:15.000So I think about that, and I think about where we've progressed to, right?
01:14:18.000To a point where we're now saying, don't judge people based on their race.
01:14:32.000They want to bring us back to that old status quo of the past several thousand years, where people immediately judged everyone based on their race.
01:14:39.000That is the old status quo we fought so hard to get past.
01:14:42.000So that you could have somebody who's a black man who grew up working class and also in bad neighborhoods and became very successful.
01:14:49.000That you aren't judged by the color of your skin but by the content of your character.
01:14:52.000To me, that's the stories I grew up with from my family who told me how bad it was and how we won.
01:14:57.000I'm a little kid and I hear the story, oh we won, that fight's over.
01:15:01.000Now they've come back and they're trying to take us back in time to the Stone Age.
01:15:13.000On Earth, if your ancestors got more sunlight, your skin would get darker to handle the sunlight.
01:15:19.000I think that Asian people, their eyes are more slanted because their ancestors lived in the high winds of the plains, the Mongolian plains, so they had to squint a lot.
01:16:10.000and we fought really hard to get to that point where we can break bread together and live together and respect one
01:16:16.000another and is now coming from the left to break us back down and
01:16:18.000send us back to the sick to you know every six months
01:16:21.000i'd your point that it now is coming from the left
01:16:25.000is one that i've been pondering at think
01:16:30.000that it's always been the left That the left, the Democratic Party, everybody says that Lyndon Johnson somehow had this conversion and he stopped being racist and he signed the Civil Rights Act of 1964 and the Democratic Party all just changed and they love black people.
01:16:56.000That the agenda stays the same, but people adapt different tactics.
01:17:01.000And that's why last week, and I got a lot of heat for this, for saying, hey, Black Lives Matter, Antifa, they operate the way the KKK operated.
01:17:08.000The KKK was started in the 1860s after the Emancipation Proclamation.
01:17:13.000It was the enforcement arm of the Democratic Party.
01:17:16.000The agenda was to impose Force people to support democratic politician politics and to keep black people in a substandard condition here in America
01:17:30.000I don't think things changed in the 1960s.
01:18:05.000Instead of burning crosses, we have burning buildings.
01:18:08.000And then, if you look at the policies that the Democratic Party adopted from the 60s on, the elimination and the destruction of the black family, intentional.
01:18:19.000Intentional in my- and so basically we've infused black people, if you just go look at it, we've infused black people with a racist mindset, an anti-black mindset.
01:18:33.000Instead of the KKK or white racist person being most likely to use the n-word, it's now us!
01:18:38.000Instead of the KKK killing us, it's now us killing each other in record numbers in our own communities it's it's now instead of us putting out blackface
01:18:54.000music or entertainment instead of white people doing that we now have rappers that do that and put out these very negative stereotypes about black people and we celebrate this as our culture we have been turned into our own worst enemy we act and have adopted the mindset of the KKK And we're doing it at the behest of the Democratic Party, and I'm sorry if that pisses people off.
01:21:20.000The Japanese were responsible, or we say, for Pearl Harbor.
01:21:24.0009-11, they flew planes into the building.
01:21:29.000I can't be mad at the Middle East people, or Saddam Hussein, or Osama bin Laden for flying those planes into America?
01:21:40.000I can't be mad at the Japanese for Pearl Harbor?
01:21:44.000Well, those were acts of organized groups, and the anger was pointed at organized groups.
01:21:48.000The problem is when the Japanese American civilians got thrown in internment camps, because the Japanese Empire... So like, if Osama bin Laden, or whoever it was, destroyed some buildings as a small group of terror, to go after civilians in our own country, in response, I thought, I think was heavy handed.
01:22:06.000Sure, but for the most part, if the establishment can unify this country, but as a weapon against, you know, the enemies to empower the establishment.
01:22:14.000Like, they wanted to go to war in the Middle East for a variety of reasons.
01:22:18.000There's strategic positioning around Iran, then you've got Qatar-Turkey pipeline.
01:22:22.000There's always an excuse for what's going to rally Americans, but something started changing with mass media.
01:22:28.000When we had Syria and the gas attack, You had a lot of people on the left saying they didn't believe it.
01:22:33.000They didn't believe the propaganda against Assad.
01:22:35.000And then you had people on the right saying there's gotta be a red line.
01:22:38.000It wasn't necessarily the right or the left.
01:22:39.000We're at a point now where they can't unify us because we're mad at them.
01:22:44.000And every attempt they make to point the finger at someone else, it just comes right back to the establishment elites because we figured it out.
01:22:51.000The mask has come off, the curtain has fallen, and we're like, hey, wait a minute.
01:24:14.000Because I'm looking at it and I'm like, hey man, I watched all of 2020 people burn down buildings, loot, riot, kill police officers, and they're acting like this thing at the Capitol Was worse than what I saw in Minneapolis, Kenosha, Atlanta, L.A.
01:24:30.000The stuff that's going on in New York and Chicago.
01:24:44.000He was just out because there were riots and so he was just standing around and so one of these rioters is walking away and just turns and fires two shots and keeps walking.
01:24:59.000Right, it's because the centralized authority, another problem about having, like, Congress people.
01:25:03.000But people are going for this Capitol thing.
01:25:05.000It's because the people at the Capitol that got most affected by it are the politicians.
01:25:10.000And it's because all that power is centralized in these 450 people that it's so vulnerable that if those guys get messed with, the whole system shutters.
01:25:20.000I think Tim just said he's from the south side of Chicago.
01:25:23.000I've been in some neighborhoods in Indianapolis where helicopters, gunshots, kids are traumatized on a nightly basis.
01:25:32.000Nancy Pelosi had some people in a wolf's uniform come into the Capitol and she's acting like she's a kid on the south side that she's been traumatized.
01:25:40.000I tell you, man, I used to spend a lot of my time covering conflict around the world.
01:26:22.000I'm just like, dude, in Chicago, you want to talk about growing up with Like, dude, high school fights where I'm from, people had guns.
01:26:30.000And so people would scream and run, and we were laughing as we were running from the guns.
01:26:35.000It's like, it's just, you grow up in this, man.
01:26:37.000Dude, if you're black, and my, we're, we've been conditioned, we go to nightclubs where we have to go through metal detectors to get inside the nightclub.
01:26:48.000Almost every black metal detector is to make sure you weren't carrying a gun.
01:26:52.000And so we've been conditioned to normalize this, but I'm just looking at this Capitol thing and I'm going, there are kids in communities that are hearing gunshots every night, their cousins have been killed, their uncle, somebody's been shot, he's ganged up and blah blah.
01:27:08.000These kids are traumatized on a daily basis and no one cares!
01:27:15.000But Nancy Pelosi, oh my God, she hid under a desk or something.
01:28:28.000I think they hear about it in the news, and they're like, yeah, well, what else is new?
01:28:31.000And then to them, never experiencing it, finally having, you know, I tell you, when I saw some of these videos of, like, the bumbling and bewildered, you know, older folks walking through the Capitol, and then I see these people panicking and, like, ducking and hiding, I'm like, really?
01:28:45.000Like, you've got these pictures of the politicians, and they're, like, laying down, hiding, and I'm like, these people, for the most part, weren't armed.
01:28:52.000Now, I do think there was some real danger, because some of these people seem to have been really nuts, really, really crazy.
01:28:57.000Many of them, I believe most, were probably just befuddled.
01:29:00.000Like the cops opened the door in several instances and people just walked in with
01:29:03.000little flags and didn't know what was going on.
01:29:05.000I was surprised to see, you know, there's this meme, it's really funny.
01:29:09.000It shows the P these politicians laying down and hiding with gas masks on and
01:29:13.000says, these are the people who send your kids to go fight in wars and die.
01:32:25.000I just get like, kinda pushed to the side, and this big dude in this overcoat grabs the guy by the front of his collar, spins him around and slams him into a fence, and screams in his face, spit-flying, NOT IN MY TOWN!
01:32:38.000And then out of nowhere, two uniformed beat cops are behind me and I'm like, what is going on?
01:32:44.000They pull me aside like, you okay, sir?
01:32:59.000I have more bad experience than positive ones, to be completely honest.
01:33:02.000But that was an amazing experience, where they shook my hand, told me, you know, everything cool, you're alright, have a good day, sir, we caught him in the act, we don't even need you as a witness.
01:33:13.000Turns out the guy actually lived on the south side, not too far from me, by the way, so it's a funny story.
01:33:18.000But, I think people, you know, get too much of the negative propaganda when it comes to cops, because it's shocking, and it plays well, it gets shares.
01:33:27.000Worldview by anecdotes, rather than data, facts, and we have an anecdote-driven society, and that's very dangerous.
01:33:36.000And I don't understand why Congress or lawmakers haven't focused in the biggest spreader of misinformation, disinformation, information that makes people violent.
01:34:28.000Facebook too. My buddy posted a video that has a it's a clip of Anthony Fauci saying masks
01:34:34.000You don't need masks are not needed. They they don't do what you think they do
01:34:38.000They give people a false sense of security like I think end of March or April and then Facebook
01:34:43.000Hey, Clinton masked it and said this has partially false information and then it's like what?
01:34:48.000Thought she was wrong It was out of context, it was just a clip, but he was very clear saying, you don't need them, they don't give you the benefits you think they do.
01:35:34.000Alright, alright everybody, let's jump to Super Chats and take out comments.
01:35:37.000If you haven't already, smash that like button, subscribe, hit that notification bell, and more importantly, we're gonna have a bonus segment.
01:35:43.000I shouldn't even call it a bonus segment anymore, just members-only content over at TimCast.com.
01:35:47.000So, we're trying to do more, talk about more stuff, more issues.
01:35:52.000And things that typically we get kind of hard to talk about because of censorship on social media.
01:35:57.000So TimGuys.com is really our opportunity to do whatever we want.
01:36:00.000We're going to be filming some more behind-the-scenes stuff as well.
01:36:03.000And we're going to... I shouldn't say too much, but we're going to do some on-the-road stuff, talking about guns and survival stuff, just to get more content to show you behind-the-scenes stuff.
01:36:14.000I mentioned this as we go to our first Super Chat, because they'd be ragging on us.
01:36:45.000And another thing, there is a gun culture in person, which is absolutely incredible and amazing when you're on the range and you meet certain people.
01:36:51.000But online, especially when it comes to people's opinions about guns, holy cow, watch out.
01:37:56.000But I would just say to the people who, uh, we've got a lot of comments about, like, you guys don't know what you're talking about, have on some expert.
01:39:02.000And I think there's too much where like, we need to clarify what we mean and what we're
01:39:07.000So when the left says tax the rich, what they only sometimes clarify and should do more often is that they're referring to the exploitation, the people stripping value from the working class, not those that genuinely do good and earn it.
01:39:18.000And when we were talking about the elites and stuff, I pointed out, like, I actually think Elon Musk is really cool.
01:39:44.000He's an elite and I don't think he says things publicly That he actually believes.
01:39:52.000I think he caters his comments to how they'll be, will they be popular over Twitter.
01:39:58.000And I see so many people on the left or these influencers say things like, is that what you would tell your child?
01:40:08.000The same thing you're saying over the excuses you're making, uh, the advice you're giving, is that the same thing you would tell your child?
01:40:16.000I just think they're, they're just too dishonest.
01:40:19.000I once heard someone on the left say that, uh, during this whole Black Lives Matter deal, that they, that he and his wife had forbid his 17, 18 year old son from driving anymore out of fear that he would be assassinated by the police.
01:40:39.000And and so we make him take uber Because we're so afraid of a boy, and I'm like are you being serious?
01:40:46.000What what city do you live in and the person lived in Houston?
01:40:51.000And I was like go check the stats 17 year old black boys if they're gonna die by gun violence go see if it's the police or if it's not another 17 year old black kid and And then tell me, so are you forbidding your black son from hanging out with black kids?
01:41:07.000But you're gonna forbid him from driving out of fear of the cop.
01:41:10.000It's that kind of dishonest rhetoric, hyperbolic rhetoric that I find offensive and it makes me despise these people.
01:41:19.000Yeah, and it never deals with the root cause of the problem.
01:41:21.000It's never going to fix the problem because it obfuscates it so people don't even understand the reality of it.
01:41:27.000There you, and again, And again, I've had bad experiences with the police.
01:42:53.000I just try to be tactful and understand the circumstances.
01:42:57.000If my goal with anybody, if it's, hey, I want to get a phone number from a girl, I'm going to kill her with kindness.
01:43:04.000I'm not going to tell her I have a right to her phone number.
01:43:06.000If I want to get out of a situation with the police with a warning ticket or not getting arrested, You're the best way to do it is kill them with kindness.
01:43:15.000I try to always make their life better.
01:43:18.000Even if they're screwing me over or being cruel to me, I just think like, okay, when this is over, I want them to have a better life.
01:43:25.000Here's what's comical, Ian, is that many people believe that the police see your white skin and just go, oh my God, sir, I'm sorry for pulling you over.
01:43:36.000Hey, just slow it down a little bit, buddy.
01:44:34.000Yeah, you know, you could be, you know, tactful, you could be respectful, but doesn't mean you have to overly brown nose and kiss their butts.
01:46:39.000Be like one of few people in the world that you would like, OK, I'm not going to get angry.
01:46:42.000I've got to be honest, like, I probably wouldn't get mad at anybody walking in the middle of the night, unless it was like someone wanted to hurt me.
01:46:47.000We should all dress up like gorillas and then storm Tim in the middle.
01:47:55.000He had this really famous moment where he had the Westboro Baptist Church on his show, and then Anonymous hacked their website in real time.
01:48:02.000So it's like, you know, he's been around for a minute.
01:48:07.000We got DJ Strickland saying, I didn't like Jason years ago when he was ragging on the Raiders, but caught a YouTube video of his opinions last year about America.
01:48:16.000Your sports opinions are bad, but your America opinions are good.
01:48:19.000Were you calling out the Raiders when they actually sucked?
01:48:21.000I lived in Kansas City, and I covered the Chiefs, you know, and so he's just caught up in the Chiefs-Raiders rivalry.
01:48:29.000I gotta tell you guys, I think we're gonna have a really, really funny bonus segment, because I already know what we're talking about.
01:48:34.000I'm not gonna say anything right now, but trust me, you're gonna love it.
01:48:37.000It's gonna be really funny, we're gonna laugh, and you definitely wanna go to TimCast.com to become members, or you can wait, because we'll post the video, and then you can decide then, but I think it'll be hilarious, it'll be fun.
01:48:46.000Jason's great, so I think we got a good segment.
01:48:50.000Mitch L says, one of your best guests.
01:50:35.000It's different if you have a business and then someone comes and burns it down as collateral damage, as opposed to if you're giving hedge fund managers money to invest and ignorantly not knowing that they're gaming the system.
01:50:46.000When you're, you know, you get to choose how risky of an investment you want to make as an individual.
01:50:51.000So that's a personal decision that a lot of people are making.
01:51:38.000Michael Tierney says, we just need the 99% to stop buying from companies like Amazon and Walmart, spend at small business to keep the money in the community.
01:51:45.000Lockdown, transfer of wealth opened my eyes to this and instantly canceled Prime and go to local stores.
01:52:42.000Gareth Green says, FYI, Poland was a Soviet satellite, but it was officially an independent nation.
01:52:47.000It wasn't actually part of the Soviet Union.
01:52:49.000It was part of the Russian Empire from the Napoleonic Wars until World War I, though, after it was partitioned out of existence in the late 1700s.
01:53:54.000Some people bet big, and they'll lose big for sure.
01:53:56.000But these hedge funds bet way big, with no bottom.
01:54:00.000And so the more people keep buying up, as long as there's massive demand, it'll keep going up.
01:54:05.000And then these hedge funds are going to be in serious trouble.
01:54:08.000How did GameStop make out after all this?
01:54:10.000Are they actually getting fiat from the stock purchases?
01:54:13.000So some people are saying that maybe GameStop will issue more stock to raise capital to help save the company.
01:54:21.000I think some people pointed out that executives of the company sold a long time ago when it was at like $30, and so they got out while they could.
01:54:39.000I wonder if GameStop will take the opportunity in the PR to actually make some positive changes to survive.
01:54:44.000I think, in my opinion, if they can, still, if it's not too late, they need to make GameStop kind of like Steam.
01:54:49.000They need to create a browser-based game downloading system, and their brick-and-mortar stores should become event spaces with gaming competitions, local stuff that should lead to state level, then regional, then national, really promote the community.
01:55:03.000They should do board games, card games, video games, and they should sell stuff.
01:55:06.000And if people are playing the games online and downloading kind of like how Steam works, but then they go into the physical shop as a member to compete, And then the winners get to go to the, you know, the regional stuff.
01:55:16.000That's gonna create a whole market around a professional space, new products, new economy.
01:56:02.000You know, I have a lot of friends, and I've known for a really, really long time, who have always been really well off, and they're really good people who are really aware.
01:56:09.000The problem is the snooty elites who think they're better than everyone just because they were born into it.
01:56:14.000Mostly the people who exploit the system.
01:56:16.000I guess some people are bad people, you know?
01:56:32.000Jaya Surin says, I heard that Elon was only briefly the richest man in the world and Jeff Bezos came back to the top after a day and Elon was the richest guy because of Bezos' alimony to his wife because of the divorce.
01:57:01.000We got way too many- I'm so sorry guys, we got way too many superchats, but y'all are awesome and I really appreciate it.
01:57:06.000Chris Pavotto says, Tim Luke, did you see that Governor Newsom approved $1 billion tax bucks in contracts to a Chinese company for N95 masks reported a few days ago?
01:57:15.000Been pushing my family to leave CA even though our special needs son benefits from CA weather.
01:58:05.000I am not a very particularly big religious person, but much respect to those who want to express themselves.
01:58:12.000Dr. Doctor says, with the advent of automation, and the fact that humans as a species is not evolving quick enough compared to its computing machine, so we're going to have a mass displacement of workers in the near future, 30 years or so, how do we as a society figure out how our bartering system... Perhaps there's more, but I think I get the general idea.
01:58:54.000You will own nothing and you will be happy.
01:58:56.000Well, they're talking about the fourth industrial revolution with technology and their advancements, particularly in AI, removing a huge swap of the labor force.
01:59:07.000So that's literally what they're discussing at Davos right now, that they're calling the Great Reset.
01:59:11.000The great redefining of capitalism, aka more centralization, more control, more regulation, more big government, all done in the name of social justice.
01:59:21.000Naomi Klein said, this is all going to be, all the good things that they promised are never going to happen.
01:59:26.000All the bad things and the consequences are going to happen because of this.
01:59:29.000Microsoft has patent 060606, something like that.
01:59:33.000And it's like, it's an implantable where it can measure your bioactivity and then pay you cryptocurrency.
01:59:39.000They want you to like, it'll be able to register if you're watching an ad on TV, and if you watch specific ads it'll pay your account crypto, just for watching, just for being a certain way.
01:59:48.000We got Isaac Lux, he says, first super chat, but newish viewer, 5 months, recently MI unemployment got stimulus, so I wanted to support you guys, I watched your 10am video and almost hopped on the train, but I saw this coming.
02:01:12.000A lot of people who get a lot of money really quickly end up actually putting themselves in very horrible situations.
02:01:18.000But I tell you what I would do, I would go to a random house, knock on the door, and be like, I was wondering if there's any bill you're having trouble with.
02:01:24.000And then when they're like, oh yeah, you know, I got this one bill, it's like a thousand bucks, I'd be like, here you are sir, have a nice day.
02:01:29.000So it's just enough to help them out with that one thing.
02:01:32.000The problem with just giving a random person a million bucks is they don't know what to do with it.
02:01:36.000So if I actually won the lottery, you might actually cause a lot of stress and problems for them by giving them too much.
02:01:42.000If you win the lottery, you want to give them enough to where they're jumping up and down, yes, and they've alleviated a lot of their problems, but not to where it's more money, more problems.
02:01:51.000Creating a situation where you just give people money is a lot different than creating opportunities for people to earn money doing good things.
02:01:58.000If I had a whole bunch of crazy stupid money, I would literally build it into developing tech, social media, internet 2.0 like it was before.
02:02:06.000Start investing in companies like startups.
02:02:08.000You know, I would build an own decentralized central internet network that was the internet of the old bringing it back on its own servers on its own platforms and giving people jobs and opportunities to work in the future giving a service that's going to free people.
02:02:48.000I'll give you a thousand bucks and we'll consider it resolved and say, deal.
02:02:51.000And then the people who are in debt are no longer in debt anymore.
02:02:53.000There's still the problem of them having to pay taxes on it.
02:02:56.000So then you have to figure out a way to give them enough money to where they can cover all of the taxes, so you'd have to give them some money and pay their medical bills.
02:03:02.000I think that would be a really good way to give away a lot of the money if you won the lottery.
02:03:06.000Dude, people don't realize, if you won the billion dollar prize, you would have more liquid cash than Elon Musk.
02:03:13.000You would give up about half of it to the government.
02:03:16.000You'd end up with probably like $400 million because the cash prize, the total annuity prize is a billion, but then the cash payout, if you choose cash, is $735 million.
02:03:25.000Then you pay half of it, so you end up with, you know, just shy of $400 million.
02:03:30.000You'd have more liquid cash than most billionaires in this country, maybe even in the planet.
02:03:34.000Because they have hard assets that are very valuable, but liquid, not so much.
02:03:38.000You'd then have to figure out what to do with it.
02:03:42.000If you won the lottery, you'd be like Richie Rich.
02:03:44.000I was sitting here listening to you guys.
02:03:46.000I would invest a lot of money in my school, Ball State University, and I would make them teach things that celebrated traditional American values.
02:03:58.000I'd run all the Marxists off campus and create an entrepreneurial school that taught kids how to start their own businesses.
02:06:17.000Well, my friends, thank you all so much for all of your comments and superchats.
02:06:20.000We had a lot tonight, and as you know, we really can't get through everybody, but we try.
02:06:24.000But we're gonna have another segment coming up at TimCast.com, which is going to be, at least I hope, very funny and fun, and more relaxing and chill.
02:08:09.000Also, if you'd like to buy the t-shirt that I'm wearing right now that says, if you trust the government, you don't know history, you can on thebestpoliticalshirts.com.
02:08:19.000Thank you so much for purchasing those t-shirts and supporting me over at wearechange.org.