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.

Time Stamps

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

Links to Mentions in the Show

The r/WallStreetBets Short

Citadel

Melvin Capital

Naked Shorting

Regulation SHO (Reg Sho)

Patrick Byrne

History of US Bailouts

Asymmetric Warfare

How are Melvin, Citadel, and RobinHood Related?

Occupy Wall Street

Find Max Keiser

Max Keiser LinkedIn

Max Keiser Twitter

Orange Pill Podcast

Find Stacy Herbert

Stacy Herbery Twitter

Stacy Herbert LinkedIn

Find Brad Mills:

Brad Mills Twitter

Magic Internet Money Twitter

Magic Internet Money Facebook

Magic Internet Money Instagram

Produced by Brad Mills - Twitter, Hamilton - YouTube, Jason Sanderson - Podcast Tech

Other Credits: bitconnect theme by schmoyoho, graphics by CryptoScamHub, Magic Internet Money inspired by u/mavensbot, invention of Bitcoin & all cryptocurrencies by Satoshi Nakamoto.