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Hey everybody. Today on the Charlie Kirk show, what is going on in the stock market? GameStop, AMC BlackBerry surging stocks. We talk about market manipulation and really break it down for you in great detail. Also the Great Reset and what Davos wants for your life and more. Email us your questions freedomarliekirk.com if you'd like to support us, go to charliekirk.com support it really helps us out a lot when you chip in@charliekirk.com support support our research team, our editing team and all the work we do@charliekirk.com support if you want to protect yourself from Big Brother, Big Tech and all sorts of big threats online, go to expressvpn.com Charlie to secure and anonymize your search data. Expressvpn.com Charlie Stock Market Great Reset. GameStop what is going on? We have the answers. Buckle up everybody. Here we go. Charlie, what you've done is incredible here. Maybe Charlie Kirk is on the college campus. I want you to know we are lucky to have Charlie Kirk. Charlie Kirk's running the White House, folks. I want to thank Charlie. He's an incredible guy, his spirit, his love of this country. He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point usa. We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country. That's why we are here. I'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. Selling in an Anxious World is Jim's fifth book on selling strategies and best practices. This time Jim brings together research, science and observation to identify the leading cause of declining business to business sales, otherwise known as corporate culture. I had the great honor of actually contributing to this book. When Jim approached me, I said, jim, anything for you. Jim has been a loyal friend of mine and a good American. Through 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. In 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. Selling in an Anxious World combines research from extensive deal reviews and examples from Jim's personal life and Bible references to shine a light on culture, presenting an unconventional guide to solving an unconventional problem. You'll get quick access to whatever Topics are important to you through chapter summaries and reference guides. Jim Holden's book is not like any other business book. Go to sellingcharlie.com that's sellingcharlie.com and use the special code Charlie to get a discount. And please send me your thoughts on the book and my chapter@freedomarliekirk.com Again, that's selling an Anxious World by my friend Jim Holden. Check it out. A must read from everyone when you read it. Email me your thoughts freedomarliekirk.com hey everybody. Welcome. So we kind of had our team meeting beforehand, kind of saying, what are we gonna talk about right now? Impeachment? Joe Biden signing executive actions? Are we gonna talk about the new decision that struck down Joe Biden's immigration policy? There's so much happening in the country and what I did not expect to talk about this morning, but, but we are going to lead with is the stock market. So kind of the chatter around here, everyone seems very excited because they've discovered something called a rising stock. It's very interesting. And so people are saying, charlie, did you see what happened to GameStop? And so I was a little bit out of the loop and so I started to read about this and this is kind of the top story right now. I guess it's trending on Twitter. It's trending everywhere. Right. And essentially there's a website called Reddit. If you haven't heard of it, you've lived a wonderfully, you lived a wonderful life, let me just put it that way. However, other people have, I guess, enjoyed the website. But on Reddit, there's a lot of people that, it's really hard to describe Reddit. Some people call it kind of just the library of the Internet. I guess that's one way to put it. Anyway, a lot of people post videos and images and coordinate activities, all sorts of different things there. Okay, 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. And so Gamestop, many of you know, buys and trades video games from people. They've had a tough couple years, obviously with more people going online and streaming games, they've had a difficult time kind of continuing any sort of expansion or growth. And so these people on Reddit started to see that some of these major hedge funds were shorting a stock. Now 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. Now, when you short a stock, though, and the stock goes up, you can lose infinitely. Meaning you can lose not just a little bit, you can lose as high up it goes on the stock price. And so when you short a stock and it goes up, it actually can be much worse than just an option going long on a stock would be. And so these hedge funds, they're called hedge funds for a reason, because they hedge their bets. They do long and short positions so long, basically they're betting that the stock will go up in the long term. I'm long on that position. I'm short. And so that's why these firms are called hedge funds. Okay? And so, not really sure how this was coordinated, not really sure how this all came together, but 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. And 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. GameStop's stock is up 126% today. Okay? And they were trading at about $75 a share back on January 25th, Monday, January 25th. Now they're at $339 a share. Now, you might be wondering, well, did GameStop come out with a really cool product? Did they post good earnings? No, actually, they're losing money. They're doing awful. So if you buy GameStop stock, it's just, you might as well have Zimbabwe currency. It's useless. Well, I should say it's useless. It has value, but it's nowhere near the value that it's been inflated. So 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. And so the more people that want to buy a certain stock certificate of a business, the price goes up. Simple supply and demand. And 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. Now, it's not just GameStop, it's also BlackBerry and AMC. And 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. Now, I'm going to be the bearer of bad news right now. Whoever 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. Now, some people are cheering this on, and they're not cheering this on because of the legality of it. They'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, we have seen working people struggle tremendously. 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 $1200 check. No, I am going to now use the levers available to us in this kind of populist revolt. Sounds good. You've probably never dealt with the Security Exchange Commission before. And so to think, I think it's Melvin Capital that lost big on this position. To think that Melvin Capital is not currently on the phone with a regulator. With the Security Exchange Commission and the Department of Treasury. Who do you think financed Joe Biden's campaign? It was Wall street types. And 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. Now, I don't really know if every single person that gets involved in this is going to be, you know, held accountable. Again, if you're just buying and selling the shares, you're probably going to be just fine. I'm not, you know, I'm not recommending you do that, by the way, because then you're participating in probably manipulated activity. And the counter argument that a lot of bloggers and people are making is how dare you manipulate my manipulated market? And that's perfectly fair. I get that argument. Good luck explaining that to an SEC regulator. And you might say, well, Charlie, what could possibly be illegal about this? Well, 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 can word this? I read a really thoughtful academic piece on this earlier, but 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. Now, it doesn't seem like the Reddit mob is slowing down anytime soon. AMC, despite being completely locked down, is up more than 200%. So I think a lot of AMC executives the last week have been having a tough week. It's been hard to run movie theaters. And now they're looking at their stock price. And I'm sure a lot of the CEOs are like, so can we sell the stock now? And so here's just some good recommendation. If you're buying GameStop stock right now at $332 a share, you should reevaluate your life decisions, okay? Because what you're going to see in this chart five years from now is you're gonna see the Gamestop stock like this, with one little spike and then all the way through. Now look, the Security Exchange Commission could come in and suspend trading on some of these stocks. They could come in and say, you are not allowed to trade these stocks right now. They have that authority as soon as you enter into the public markets. There's a whole different level of regulation that surrounds this. But I think this is appealing to people for a different reason that 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. They saw the bailouts go to the big banks, they saw the hedge funds continue to do well. And so now there's a little bit of a screw you middle finger to the system. And I'm not saying it's legal. I'm saying that's why people are supporting it and that's why people are eager to engage in it. And they've already stopped trading on and off several times on some of these stocks, by the way, because of the massive volume. So just take a little bit of advice from me. Stay 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. Just take that. And I want to dive into the deeper lessons here that I think are very important. Legacy Box is an effortless way to digitally preserve your home movies and photos that you never have to wonder where they are or whether they're safe. Legacy Box does an amazing job to make sure that your family's history is preserved. Did you know that videotape recordings weren't made to stand the test of time? They start diminishing after 10 or 15 years. So the sooner you digitally preserve them, the the better off they'll be. Legacy Box makes reconnecting with your past as easy as pressing play. Over the past 10 years, Legacy Box has helped more than 1 million families restore and protect irreplaceable moments from the past. In 2020, Legacy Box's services have become so popular that the team has created an additional 125 jobs at its preservation studio here in the United States. Even if you wanted to do this yourself, it could cost you hundreds of dollars. But when you visit legacybox.com today, you can, you'll save 50% off. You can get started for as little as $39. So go to legacybox.comkirk to take advantage of this limited time offer, go to legacybox.com and save 50% while supplies last. And so I was just talking to somebody and they said, oh, I just made all this money on GameStop. I said, oh, really? Have you ever heard of capital gains tax? And they said, no, I already pay my income tax. I said, okay, young padawan, let me teach you about the complexities of our tax system. And 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. So then you have to pay capital gains tax. And so it's all, depending on your tax bracket, it could be 0% if you're in a very low tax bracket. But you, you might get into another tax bracket because you might have to establish this as income, especially if it's short term capital gains. Long term capital gains are treated differently. And 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 at 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. I think that's finally a positive. Now 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. And so there's a story that should have been headline news and there's a story that should have been talked about in every single major newspaper, every single podcast, every single television show. And it actually is kind of it's an issue and a story that leads to a bigger problem in our country. I'm gonna read it to you. It is from Benzinga. Is that a website? Benzinga? Well, it's on Yahoo, but I just wanna make sure. By Chris Katji Nancy Pelosi buys Tesla calls stands to benefit from new Biden EV plan. I think that means electric Vehicle, Plan it. Over the weekend, speaker of the House Nancy Pelosi purchased 25 call options of Tesla. The purchases could have been done by Pelosi or her husband, Paul, who runs a venture capital firm. The options were bought at a stake price of $500, an expiration of March 18, 2022. Pelosi paid between $500,000 and $1 million for the options. Pelosi also disclosed that she bought 220,000 shares of Alliance Bernstein Holdings, 100 calls of Apple, and 100 calls of Disney. And so just like, just take a massive pause here. This is an issue. Whether you're a Republican or a Democrat, you should be repulsed by this. I 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. The 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. And 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 multimillion dollar stock purchases where she could control legislation, committees and make decisions that she would personally benefit from. How is this even remotely legal? And the answer is it is legal now. The Stock act was passed in 2012. It's one of the few things that Barack Obama did correctly. The Stock act did not go nearly as far as it should have, but it was basically to stop insider information and trading. Basically, if you had private information and you had private briefings, you were not allowed to trade on those briefings or on that information. I 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. I want you to imagine if Donald Trump would have bought Abbott stock or ABB V stock before a massive purchase was done for the vaccine from the government. Never would have happened. The media wouldn't have allowed it to occur. Now, 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. You want to know why people are all of a sudden happy to flood Reddit and make the big guys suffer a little bit. It's because of garbage like this. You may not know this about me, but I'm kind of an undercover. Some people would call it a nerd when it comes to studying the global economy. I love seeking out financial wisdom. And when it comes to my own portfolio, I always value precious metals. Noble Gold is the firm I trust to buy gold and silver from which can serve as a hedge of protection in your ira. 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