Occupy Wall Street 2.0
On this episode of Magic Internet Money, host Brad Mills invites fellow podcasters Max Keiser and Stacy Herbert onto the show to discuss the stock market fiasco caused by r/WallStreetBets. The group discusses how it resembles the 2008 housing bubble and other stock market crashes. Max passionately defends Millennials and Generation Z’s “right to compete”. Brad discussed the history of fraud that Wall Street bankers have dabbled in over the years and the fallout of those controversies and how they related to the Gamestop Short. Timestamps 00:00:19 - Intro 00:02:21 - Show start 00:04:10 - What is shorting? 00:11:20 - Why did Millennials buy GME? 00:16:18 - How GME resembles 2008 00:19:45 - The Bailout Chain 00:21:14 - Citadel, RobinHood, and how dominoes fall 00:24:00 - Occupy Wall Street in cyberspace 00:28:48 - Market rigging software 00:31:40 - London: the capital of fraud 00:35:18 - What could crash markets? 00:42:00 - Banking crisis 00:47:55 - How banks “killed Greece” 00:50:51 - “Bitcoin is the best way to do battle against crooks" 00:53:03 - Bitcoin vs “Shitcoins” 00:57:53 - “Attack on the Capital in cyberspace” and closing remarks