Latest / The Ben Ferguson Podcast / BIDEN ADMIN DECLARES CLIMATE A NATIONAL SECURITY ISSUE LIKE AN ISIS TERRORIST THREAT

Transcript

BIDEN ADMIN DECLARES CLIMATE A NATIONAL SECURITY ISSUE LIKE AN ISIS TERRORIST THREAT · The Ben Ferguson Podcast

• 0:01
  Speaker 1: Tell you what it must be nice to be a
• 0:02
  Speaker 1: Democrat where you can walk up on stage, just like
• 0:05
  Speaker 1: John Kerry did yesterday, lie to the American people, lie
• 0:10
  Speaker 1: to the media, and tell everybody that these sudden, massive
• 0:14
  Speaker 1: job losses in the oil and gas industry are somehow
• 0:17
  Speaker 1: not Joe Biden's fault with this green and alternative energy
• 0:22
  Speaker 1: climate change agenda that they are forcing on all of you.
• 0:26
  Speaker 1: I was watching the White House press briefing and the
• 0:31
  Speaker 1: headline at the bottom of MSNBC was Biden executive action
• 0:35
  Speaker 1: to elevate climate as a national security priority. Not like
• 0:41
  Speaker 1: taking out ISIS or al Qaeda, or even dealing with
• 0:45
  Speaker 1: domestic terrorism. No, no no, no, the Biden executive action is
• 0:49
  Speaker 1: going to elevate climate change as a national security priority.
• 0:55
  Speaker 1: So they've got this press conference and John Kerry is
• 1:00
  Speaker 1: telling the American people that what you should not be
• 1:04
  Speaker 1: sleeping overnight, what should keep you up, what should make
• 1:06
  Speaker 1: you worry, what should be the center of your universe
• 1:08
  Speaker 1: and the conversation you're having in your family and friends.
• 1:13
  Speaker 1: It's climate change, and you need to focus on what
• 1:16
  Speaker 1: we tell you is the real problem and the real problem,
• 1:21
  Speaker 1: and it's a national security priority. It's climate change. We did,
• 1:29
  Speaker 1: and there's really no telling long term how much to
• 1:34
  Speaker 1: improve the economy worldwide by these shutting down of the
• 1:38
  Speaker 1: world with COVID nineteen. People are not driving like they
• 1:42
  Speaker 1: used to to work. We've all seen that on the expressway.
• 1:44
  Speaker 1: You can drive around forty two forty you see, it's
• 1:46
  Speaker 1: very clear. You can go anywhere in the country and
• 1:49
  Speaker 1: you travel and you can see just how empty the
• 1:51
  Speaker 1: streets are. Traffic is not a problem like it used
• 1:54
  Speaker 1: to be. You know, you look over in China and
• 1:57
  Speaker 1: they were showing mountains that you hadn't been able to
• 1:58
  Speaker 1: see in forty years. And the pictures you saw in France,
• 2:03
  Speaker 1: how you can all of a sudden see the bottom
• 2:06
  Speaker 1: or in Italy in the canals where they were saying
• 2:11
  Speaker 1: in lifetime, people had not seen the bottom of those
• 2:14
  Speaker 1: canals because they were already so dirty, right, they were
• 2:16
  Speaker 1: churned up so much. The boats had stopped, the sediment
• 2:20
  Speaker 1: had settled. You could even see dolphins going through the
• 2:23
  Speaker 1: canals in Italy. These are just some of the examples.
• 2:29
  Speaker 1: But look at your odometer. How many miles have you
• 2:32
  Speaker 1: put on your car this year compared to last year.
• 2:36
  Speaker 1: Mine's probably about a third less use in the last year.
• 2:40
  Speaker 1: That's just the reality. It's probably less than a third.
• 2:44
  Speaker 1: And the reason why is because we've all been staying home.
• 2:48
  Speaker 1: You cannot tell me that this hasn't had a massive impact.
• 2:55
  Speaker 1: You cannot tell me that this has not had a
• 2:58
  Speaker 1: massive packed on our air quality and around the world,
• 3:05
  Speaker 1: not just in America, literally around the world. Now. Of course,
• 3:09
  Speaker 1: if you listened to the left, they will tell you
• 3:15
  Speaker 1: there's two threats to you right now, two massive threats you.
• 3:17
  Speaker 1: Number one, Donald Trump, we got to impeach him even
• 3:19
  Speaker 1: though he's out of office. And number two, we've got
• 3:22
  Speaker 1: to tell you that climate changes everything, and we got
• 3:24
  Speaker 1: to get gas prices back up, and they will go
• 3:26
  Speaker 1: up if you have buyer's remorse. It's on you, folks.
• 3:30
  Speaker 1: I told you this was going to happen. If you
• 3:33
  Speaker 1: voted for Joe Biden, you knew this was coming. I
• 3:36
  Speaker 1: told you so. I warned you. I told you it
• 3:38
  Speaker 1: was going to happen. If you didn't think this was
• 3:41
  Speaker 1: going to happen, you weren't paying attention. This was always
• 3:44
  Speaker 1: going to happen. We knew it was going to happen.
• 3:46
  Speaker 1: This is what happens when you get these crazy liberals
• 3:52
  Speaker 1: and you give them power. Global warming, by the way,
• 3:56
  Speaker 1: was not even on the top ten issues and exit
• 3:59
  Speaker 1: pulling of the last on election day. Why are they
• 4:02
  Speaker 1: going back to it? Because it's where they make their money, folks,
• 4:06
  Speaker 1: this is how they get paid. This is how they
• 4:07
  Speaker 1: make their cash. You don't believe me, Let me give
• 4:11
  Speaker 1: you a new headline that, of course the media is
• 4:13
  Speaker 1: not going to be covering. There's a new headline out
• 4:17
  Speaker 1: reminding you, warning you that Kamala Harris, now vice president
• 4:22
  Speaker 1: Knights It's America Solar Wins, targeted by massive cyber attack,
• 4:27
  Speaker 1: hires Kamala Harris's husband, a former Chinese Communist Party linked
• 4:34
  Speaker 1: law firm as their new lobbyists. Solar Wins, a software
• 4:39
  Speaker 1: vender used by the US government and recently a target
• 4:41
  Speaker 1: of a massive cyber attack, has now retained former law
• 4:44
  Speaker 1: firm a vice president Kamala Harris's husband as its lobbying group. Yeah,
• 4:52
  Speaker 1: he's getting paid. You know who's getting paid by He's
• 4:57
  Speaker 1: getting paid by a sol wind company. There's money to
• 5:03
  Speaker 1: be made on the left. If you're on the left,
• 5:05
  Speaker 1: you went and you invested heavy in this crap. And
• 5:08
  Speaker 1: the reason why is because you knew this was part
• 5:10
  Speaker 1: of your agenda. And now they're out there on TV
• 5:13
  Speaker 1: selling it to you, telling you right, they're telling you
• 5:17
  Speaker 1: that you got to do this. Folks. Solar wind is
• 5:20
  Speaker 1: where it's at. Solar wind is everything, Folks, Solar wind
• 5:25
  Speaker 1: is what you have to focus on. It's a national
• 5:32
  Speaker 1: security issue, as they described it. Now, there's been a
• 5:37
  Speaker 1: lot of job losses. Apparently that doesn't matter right now,
• 5:40
  Speaker 1: no one cares. Job losses are something you should not
• 5:44
  Speaker 1: worry about job loss or something you shouldn't care about
• 5:46
  Speaker 1: job losses, or something you shouldn't even focus on ask
• 5:49
  Speaker 1: questions about, because we're going to replace those jobs with
• 5:52
  Speaker 1: other jobs. That's how they sell you on this. And
• 5:54
  Speaker 1: this is exactly what they sold you to in the
• 5:56
  Speaker 1: Obama years, and it never materialized. It never happened. In
• 6:00
  Speaker 1: full disclosure. Sure there were some jobs that were created
• 6:04
  Speaker 1: and so learned they disappeared. They were subsidized with the
• 6:07
  Speaker 1: federal government. Go look at Celindra and the disaster of
• 6:10
  Speaker 1: all the companies that we spent hundreds of millions of
• 6:13
  Speaker 1: dollars billions of dollars overall investing in. Go look at them,
• 6:19
  Speaker 1: Take a look. How many of those jobs are still
• 6:22
  Speaker 1: around today. They're not because they're not permanent. They're temporary.
• 6:28
  Speaker 1: They were never designed to be permanent. It was a
• 6:31
  Speaker 1: political agenda you were pushing, nothing more than that. It
• 6:37
  Speaker 1: was just a political agenda. I want you to hear
• 6:43
  Speaker 1: John Kerry at this press conference trying to make you
• 6:47
  Speaker 1: believe that the massive sudden job losses in the oil
• 6:49
  Speaker 1: and gas industry are not Biden's fault, even though it's
• 6:55
  Speaker 1: clearly there's no one else to blame. Right, you can't
• 6:58
  Speaker 1: blame Orange Man for this. The only reason why these
• 7:02
  Speaker 1: jobs were loss is because of your new policies. Right
• 7:05
  Speaker 1: when you came in and the media did not push back.
• 7:10
  Speaker 1: They were like, oh, okay, well we'll report it that way.
• 7:12
  Speaker 1: Sounds great, Thanks for playing. I'm gonna play this for
• 7:15
  Speaker 1: you in just a moment. It's Ben Ferguson's show much more,
• 7:18
  Speaker 1: and you'll hear John Kerry what he had to say,
• 7:20
  Speaker 1: and the media, of course letting him off the hook
• 7:24
  Speaker 1: when he says, oh no, no, no no, no, no, these
• 7:26
  Speaker 1: aren't our fault. This isn't our fault. Quickly, by the way,
• 7:29
  Speaker 1: I got to remind you about something. You got two
• 7:31
  Speaker 1: days left. If you want to get in the fight
• 7:34
  Speaker 1: on the statewide level and join for free the number
• 7:38
  Speaker 1: one conservative organizations in the country. AMAC. We're only gonna
• 7:41
  Speaker 1: be able to do it for two more days. We're
• 7:43
  Speaker 1: gonna give you that membership now. It'll cost you like
• 7:45
  Speaker 1: twenty dollars after in two days, so don't wait. Join
• 7:51
  Speaker 1: right now. AMAC is doing something really cool. They are
• 7:54
  Speaker 1: actually going state by state and organizing members because every
• 7:58
  Speaker 1: state's going to have different fights. They're going to have
• 8:00
  Speaker 1: to battle against First and Second Amendment rights being taken
• 8:03
  Speaker 1: away from us, holding the administration accountable for what they're doing,
• 8:08
  Speaker 1: trying to decimate the old gas industry. So if you've
• 8:11
  Speaker 1: not joined the number one conservative organizations in the country AMAC,
• 8:15
  Speaker 1: do it now because it's gonna cost you about twenty
• 8:17
  Speaker 1: dollars in two days. Go to ben free online dot
• 8:21
  Speaker 1: com that's been free online dot com kawww dot ben
• 8:28
  Speaker 1: free online dot com and you can join the number
• 8:30
  Speaker 1: one conservative organizations in the country and you'll get updates
• 8:34
  Speaker 1: based on where you live. It doesn't matter what state
• 8:38
  Speaker 1: you live in. The battles are going to be different
• 8:42
  Speaker 1: state by state. You want to get organized, you want
• 8:44
  Speaker 1: to know what you're fighting for in your state. You
• 8:46
  Speaker 1: want to know how to fight back, go to ben
• 8:48
  Speaker 1: Free online dot com. Get your free membership to AMAC now.
• 8:53
  Speaker 1: You got two days left to do it. After that's
• 8:54
  Speaker 1: gonna cost you about twenty dollars to become a member,
• 8:56
  Speaker 1: So why pay for it when I'm giving it to
• 8:58
  Speaker 1: you for free right now, ben Free online dot com.
• 9:03
  Speaker 1: National security That is how the Biden administration has declared
• 9:09
  Speaker 1: the war on natural gas and oil in this country.
• 9:13
  Speaker 1: They're saying it's a national security issue, just like dealing
• 9:16
  Speaker 1: with terrorism. John Kerry, who is in charge of shutting
• 9:23
  Speaker 1: down and attacking the oil and gas industry, because they
• 9:26
  Speaker 1: say it's as dangerous as al Qaeda. It's a top
• 9:29
  Speaker 1: priority of the administration. It's a national security issue. They
• 9:34
  Speaker 1: are now saying, yeah, a bunch of job draw loss,
• 9:38
  Speaker 1: but it's not our fault. Like, it's really not our fault. Okay,
• 9:42
  Speaker 1: don't don't act like it's our fault that you can't
• 9:45
  Speaker 1: blame us for the job losses. It's not. It's not
• 9:47
  Speaker 1: our fault. I want you to take a listen to
• 9:51
  Speaker 1: this question from the media to John Kerry. After Biden
• 9:55
  Speaker 1: takes executive action to elevate climate as a national security priority,
• 10:00
  Speaker 1: he would they're very certainly are oil and gas industry
• 10:05
  Speaker 1: workers who are watching you both right now who will
• 10:09
  Speaker 1: hear the message that the takeaway to them is that
• 10:12
  Speaker 1: they are seeing an end to their livelihoods. What do
• 10:16
  Speaker 1: you say to them, particularly those people who who presidential
• 10:20
  Speaker 1: struck a court with on the campaign trail he promised
• 10:23
  Speaker 1: to save their jobs. What is your message to them
• 10:25
  Speaker 1: right now? And also to the oil industry executives who
• 10:28
  Speaker 1: are listening, are you putting them on notice today? Well,
• 10:32
  Speaker 1: we didn't come here to put anybody on notice except
• 10:35
  Speaker 1: to the seriousness of President Biden's intent to do what
• 10:39
  Speaker 1: needs to be done to deal with this crisis. And
• 10:41
  Speaker 1: it is a crisis with respect to those workers. No
• 10:49
  Speaker 1: two people are more in this realm. I'm not more
• 10:52
  Speaker 1: concerned about it. And the President of the United States
• 10:55
  Speaker 1: has expressed in every comment he has made about to
• 10:58
  Speaker 1: climate the need to grow the new jobs that pay better.
• 11:05
  Speaker 1: They're the cleaner that I mean. You know, you look
• 11:07
  Speaker 1: at the consequences of black lung for a minor, for instance,
• 11:09
  Speaker 1: and measure that against the fastest growing job in the
• 11:12
  Speaker 1: United States before COVID was solar power technician. The same
• 11:16
  Speaker 1: people can do those jobs, but the choice of doing
• 11:19
  Speaker 1: the solar power one now is a better choice. Similarly,
• 11:25
  Speaker 1: you have the second fastest growing job pre COVID was
• 11:29
  Speaker 1: wind turbine technician. This is happening. Seventy five seventy percent
• 11:34
  Speaker 1: of all the electricity that's come online in the United
• 11:36
  Speaker 1: States in the last few years came from renewables, not
• 11:41
  Speaker 1: you know, coal plants have been closing over the last
• 11:44
  Speaker 1: twenty years. So what President Biden wants to do is
• 11:49
  Speaker 1: make sure those folks have better choices, that they have alternatives,
• 11:54
  Speaker 1: that they can be the people who go to work
• 11:55
  Speaker 1: to make the solar panels, they were making them here
• 11:58
  Speaker 1: at home. That is going to be a particular focus
• 12:02
  Speaker 1: of the Build Back Better agenda. And I think that
• 12:07
  Speaker 1: I got to ask this question though, before I continue
• 12:10
  Speaker 1: with these lies. When he says pre COVID this was
• 12:14
  Speaker 1: like the industry where everybody was getting paid, right, and
• 12:16
  Speaker 1: it was just you're insane not to jump on board,
• 12:19
  Speaker 1: like we're gonna make you all this money. The statistics
• 12:23
  Speaker 1: that he just described show me where they are. You're
• 12:27
  Speaker 1: telling me that no one was reporting on this massive
• 12:30
  Speaker 1: growth in an industry that you're telling me is absolutely there.
• 12:35
  Speaker 1: I want to see the data. I don't believe you.
• 12:38
  Speaker 1: Second thing, did you notice how he pivoted to coal,
• 12:41
  Speaker 1: not oil and gas. She did not ask a question
• 12:45
  Speaker 1: about coal. Coal is totally different than oil and gas industry,
• 12:51
  Speaker 1: and he pivoted and they should have asked him. Well,
• 12:53
  Speaker 1: hold on a second, I'm not asking about coal. Carry right,
• 12:57
  Speaker 1: I'm not asking I didn't ask you about coal. That's
• 13:00
  Speaker 1: not as coal has nothing to do with oil and gas.
• 13:03
  Speaker 1: And he just says coal jobs are disappearing over the
• 13:05
  Speaker 1: last twenty years. No one would dispute that fact. That's
• 13:07
  Speaker 1: not the damn question they asked you. And these are
• 13:11
  Speaker 1: how this is how much of a scumbag these guys are.
• 13:14
  Speaker 1: They tell you that you can get a new job
• 13:17
  Speaker 1: if you're in the oil and gas industry easily, and
• 13:21
  Speaker 1: then they compare it to people losing jobs of coal,
• 13:24
  Speaker 1: which was not the question at all. No one asked
• 13:27
  Speaker 1: a question about coal. They asked a question about the
• 13:31
  Speaker 1: oil and gas industry. You then decided you couldn't answer
• 13:35
  Speaker 1: that question with a straight face, so you altered you changed,
• 13:39
  Speaker 1: You went to something that was totally unrelated. Cole had
• 13:42
  Speaker 1: nothing to do with the question he was asked. There
• 13:46
  Speaker 1: isn't anything that he was asked about that dealt with Cole. Now,
• 13:50
  Speaker 1: the second thing he just said that also just irritates
• 13:52
  Speaker 1: the crap out of me. Is this idea that I
• 13:54
  Speaker 1: can just go from a driller right fracking or one
• 13:58
  Speaker 1: of the jobs, or the pipeline and immediately just turn
• 14:01
  Speaker 1: into a technician with wind. Who's gonna pay for that
• 14:06
  Speaker 1: change in my education? Who's gonna change or pay for
• 14:11
  Speaker 1: that trade school? Then, who's gonna pay for my family
• 14:15
  Speaker 1: to leave where I'm living now to go to somewhere
• 14:17
  Speaker 1: completely different? To do this third thing he said, that's
• 14:20
  Speaker 1: just total crap. He says, well, we gotta make these
• 14:25
  Speaker 1: solar panels here. How were you going to do that
• 14:27
  Speaker 1: when you're fighting against China that can make them for
• 14:30
  Speaker 1: ten cents on the dollar compared to what the labor
• 14:32
  Speaker 1: costs are and the unionization and you're fifteen dollar minium
• 14:36
  Speaker 1: wage you're mandating. Now, you cannot make solar panels in
• 14:41
  Speaker 1: America at a competitive rate compared to what they can
• 14:44
  Speaker 1: do in China and other nations. You just can't. So
• 14:49
  Speaker 1: he just sorts this, we gotta make this stuff here, Okay,
• 14:51
  Speaker 1: how are you gonna do it? Show me a viable
• 14:54
  Speaker 1: way to make it here. I'm willing to listen. But
• 14:57
  Speaker 1: you guys have already opened China back up to doing
• 14:59
  Speaker 1: a way of the health China wants to do. Right,
• 15:03
  Speaker 1: You've literally already opened up China and said, China start
• 15:09
  Speaker 1: manufacturing everything again and just torch us, go for it,
• 15:16
  Speaker 1: flat out, just just blow this thing up. That's what
• 15:21
  Speaker 1: they've been doing. Am I wrong? That is? I mean?
• 15:27
  Speaker 1: Is that not exactly what they've been doing. So he's
• 15:31
  Speaker 1: selling you now nothing but a con artist's response. I'm
• 15:36
  Speaker 1: going to tell you that the cold jobs are dying,
• 15:38
  Speaker 1: which is true, instead of actually answering the question about
• 15:42
  Speaker 1: the oil and gas industry, because the oil and gas
• 15:44
  Speaker 1: industry is not coal. Now, either he's deliberately lying to you,
• 15:47
  Speaker 1: or he's a complete dumb a and doesn't know the
• 15:49
  Speaker 1: difference between cold jobs and oil and gas jobs. John Kerry,
• 15:53
  Speaker 1: by the way, he's not a moron. Okay, He's not
• 15:59
  Speaker 1: an idiot. I want to make that clear. He knows
• 16:03
  Speaker 1: what he's doing here. He's not stupid. He understands what
• 16:07
  Speaker 1: he's doing here. He's not an idiot. And the media
• 16:12
  Speaker 1: lets him get away with it. No one, no one,
• 16:15
  Speaker 1: stops him in his tracks when he starts talking about Cole.
• 16:18
  Speaker 1: They just let him keep talking. All the electricity that's
• 16:20
  Speaker 1: come online in the United States in the last few
• 16:23
  Speaker 1: years came from renewables, not you know, coal plants have
• 16:28
  Speaker 1: been closing over the last twenty years. Immediately right there,
• 16:32
  Speaker 1: the media should jumped in and said, mister, you know, carry, secondary,
• 16:35
  Speaker 1: carry whatever you want to call this guy. But I
• 16:38
  Speaker 1: didn't ask you about Cole. Cole has nothing to do
• 16:39
  Speaker 1: with the oil and gas industry. Then the jobs just
• 16:41
  Speaker 1: were lost in oil and gas that were just decimated
• 16:43
  Speaker 1: in oil and gas. With all due respect the oil
• 16:46
  Speaker 1: and gas manufacturers, at workers the executives that I asked
• 16:51
  Speaker 1: you a question about their industry has nothing to do
• 16:53
  Speaker 1: with coal. Why are you talking about Cole right now?
• 16:57
  Speaker 1: But none of them asked the question quickly. By the way,
• 17:01
  Speaker 1: I got to remind you about something. You got two
• 17:03
  Speaker 1: days left if you want to get in the fight
• 17:05
  Speaker 1: on the statewide level and join for free the number
• 17:10
  Speaker 1: one conservative organizations in the country. Amac We're only gonna
• 17:13
  Speaker 1: be able to do it for two more days. We're
• 17:14
  Speaker 1: gonna give you that membership. Now, it'll cost you like
• 17:16
  Speaker 1: twenty dollars after in two days, so don't wait. Join
• 17:22
  Speaker 1: right now. AMAC is doing something really cool. They are
• 17:25
  Speaker 1: actually going state by state and organizing members because every
• 17:29
  Speaker 1: state's gonna have different fights. They're gonna have to battle
• 17:32
  Speaker 1: against First and Second Amendment rights being taken away from us,
• 17:36
  Speaker 1: holding the administration accountable for what they're doing, trying to
• 17:39
  Speaker 1: decimate the old gas industry. So if you've not joined
• 17:43
  Speaker 1: the number one conservative organizations in the country, AMAC, do
• 17:46
  Speaker 1: it now because it's gonna cost you about twenty dollars
• 17:49
  Speaker 1: in two days. Go to ben free online dot com.
• 17:52
  Speaker 1: That's been free online dot com okwww dot ben free
• 18:00
  Speaker 1: online dot com and you can join the number one
• 18:02
  Speaker 1: conservative organization in the country and you'll get updates based
• 18:06
  Speaker 1: on where you live. It doesn't matter what state you
• 18:09
  Speaker 1: live in. The battles are going to be different state
• 18:13
  Speaker 1: by state. You want to get organized, you want to
• 18:16
  Speaker 1: know what you're fighting for in your state, you want
• 18:18
  Speaker 1: to know how to fight back. Go to ben free
• 18:20
  Speaker 1: online dot com. Get your free membership to AMACK now.
• 18:24
  Speaker 1: You got two days left to do it after that's
• 18:26
  Speaker 1: going to cost you about twenty dollars to become a member,
• 18:27
  Speaker 1: So why pay for it when I'm giving it to
• 18:29
  Speaker 1: you for free right now, ben free online dot com.
• 18:34
  Speaker 1: I gotta get to this amazing story that is taking
• 18:39
  Speaker 1: the world by storm. And if you don't know what
• 18:43
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• 18:46
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• 18:51
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• 18:57
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• 19:02
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• 19:07
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• 19:30
  Speaker 1: and they totally destroyed the rich people yesterday. The people
• 19:35
  Speaker 1: that do this every day manipulate the markets and don't
• 19:37
  Speaker 1: go to prison for it, which is why this is
• 19:39
  Speaker 1: such an amazing story. So these share prices for the
• 19:44
  Speaker 1: video game retailer game Stock have shocked and really owed
• 19:49
  Speaker 1: everyone over the past week. After an online campaign to
• 19:53
  Speaker 1: screw the hedge Fund manager, the rich people on Wall
• 19:56
  Speaker 1: Street sent the stock literally sore through the roof. Now
• 20:01
  Speaker 1: this is David Burgers Goliath, which is the reason why
• 20:03
  Speaker 1: I think this is an amazing story. Wall Street saw
• 20:07
  Speaker 1: an opportunity to make money by shorting the game stock
• 20:10
  Speaker 1: stop stock say that three times fast. They started shorting
• 20:15
  Speaker 1: it because they thought it was gonna just you know,
• 20:17
  Speaker 1: they saw it was going to tumble. That is when
• 20:21
  Speaker 1: an online community of very small do it yourself investors.
• 20:26
  Speaker 1: I'm talking about small as and we're not talking aboutout
• 20:28
  Speaker 1: a lot of money each. These people have rallied to
• 20:31
  Speaker 1: buy up shares in the company. It started to work.
• 20:36
  Speaker 1: It rocketed the stock price to a dazzling one thousand,
• 20:42
  Speaker 1: six hundred percent increase since it began beginning of January.
• 20:48
  Speaker 1: It has now cost heads fun short sellers literally billions
• 20:53
  Speaker 1: of dollars to cover their losses. What's happened has been
• 20:58
  Speaker 1: characterized by everyone in the media worldwide in the money
• 21:02
  Speaker 1: markets is a true David Verse Goliath story. If you're
• 21:06
  Speaker 1: in wash, if you're in Hollywood right now, you should
• 21:08
  Speaker 1: go ahead and start making this movie because I'm gonna
• 21:11
  Speaker 1: want to watch it. It's a story of how the
• 21:15
  Speaker 1: little guys. The trolls right that are hated by Wall
• 21:19
  Speaker 1: Street on the internet from forum Reddit have at least
• 21:23
  Speaker 1: for now, beat the credentialed expert billionaire investors of Wall Street.
• 21:29
  Speaker 1: Game Stock, like many retailers, have suffered during the coronavirus pandemic,
• 21:34
  Speaker 1: but for years now, they've also been confronted with a
• 21:36
  Speaker 1: changing market landscape. Simply put customers or moving to online retail.
• 21:41
  Speaker 1: They're buying now digital copies of their video games over
• 21:43
  Speaker 1: the internet, relying less on brick and mortar stores to
• 21:47
  Speaker 1: go in and buy physical copies of the games they play.
• 21:51
  Speaker 1: Last December, the retail chain game Stop, facing mounting debt,
• 21:56
  Speaker 1: announced it would close more than a thousand stores by
• 21:59
  Speaker 1: the end of the the fiscal year in March, after already
• 22:01
  Speaker 1: closing more than seven hundred and eighty three stores in
• 22:04
  Speaker 1: the past two years. As reported by Business Insider, in
• 22:07
  Speaker 1: twenty eighteen, the company had a net loss of four
• 22:10
  Speaker 1: hundred and eighty five million dollars. It's not good. Twenty nineteen,
• 22:14
  Speaker 1: game Stop rebounded slightly, losing just eighty three million compared
• 22:18
  Speaker 1: to the four hundred and eighty five million in the
• 22:20
  Speaker 1: year before, and in twenty twenty it faces nineteen million
• 22:25
  Speaker 1: in net losses. In a bid to revitalize game Stop,
• 22:29
  Speaker 1: last September, investor Ryan Cohen, the founder of the online
• 22:34
  Speaker 1: pet food retailer Chewey, decided to buy a thirteen percent
• 22:38
  Speaker 1: stake in the company and started campaigning for a change
• 22:41
  Speaker 1: of the business model. Cohen envisioned game Stop as a
• 22:45
  Speaker 1: competitor to Amazon, pushing for it to transition to online
• 22:48
  Speaker 1: retail and compete in that space. On January the eleventh,
• 22:53
  Speaker 1: game Stop announced that it had added three new directors
• 22:56
  Speaker 1: to its board, including Cohen. That causes stock price to jump.
• 23:01
  Speaker 1: At the beginning of twenty twenty one, the Coming stock
• 23:03
  Speaker 1: was trading it around seventeen dollars. CNN even recounting that
• 23:09
  Speaker 1: the Coming stock price surged thirteen percent after that announcement.
• 23:14
  Speaker 1: But since then what has happened is almost unexplainable. Wall
• 23:19
  Speaker 1: Street observed game Stops decline, and they decided to bet
• 23:22
  Speaker 1: it would not be able to compete against Amazon, so
• 23:25
  Speaker 1: they saw a big opportunity to make big money. Hedge
• 23:30
  Speaker 1: funds including Melvin Capital and Citron indicated they would short
• 23:35
  Speaker 1: the stock, meaning you're betting against the stock going up.
• 23:39
  Speaker 1: But when you're short of stock. It can get very
• 23:41
  Speaker 1: expensive if you're wrong, especially if you're wrong to the
• 23:44
  Speaker 1: tune of what we've just witnessed by these people on Reddit.
• 23:50
  Speaker 1: These gamers right predicting that the increase in game stock
• 23:55
  Speaker 1: stock would temperate, was only temporary, and it would fall soon.
• 23:58
  Speaker 1: They started shorting it like crazy. They were even tweeting
• 24:03
  Speaker 1: it out. Citron Research on Twitter tweet out January the nineteenth, Tomorrow,
• 24:07
  Speaker 1: eleven thirty Eastern, Citron will live stream the five reasons
• 24:10
  Speaker 1: game stock buyers at these levels are the suckers at
• 24:14
  Speaker 1: the poker game stock back to twenty dollars fast. We
• 24:19
  Speaker 1: understand short interest better than you and will explain, oh, well,
• 24:25
  Speaker 1: that just decided that you know at that point, it's war, right.
• 24:28
  Speaker 1: The arrogant rich people of Wall Street just tweeted out
• 24:32
  Speaker 1: to tweet mocking the gamers. Last Wednesday, the reddit community
• 24:38
  Speaker 1: wall street bets entered the equation. Wall street bets is
• 24:42
  Speaker 1: essentially a messaging board that discusses day trading with some
• 24:45
  Speaker 1: three million users who refer to themselves as the degenerates.
• 24:50
  Speaker 1: After the news broke that Wall Street head funds were
• 24:53
  Speaker 1: going to short game stock, members of the community started
• 24:57
  Speaker 1: a campaign for the decentralized group of independent investors to
• 25:01
  Speaker 1: buy up shares an attempt to squeeze the short sellers,
• 25:05
  Speaker 1: forcing them to buy more of the stock they were
• 25:07
  Speaker 1: trying to short to cover the losses as its prices
• 25:10
  Speaker 1: went up, not down. Many acted as their own stockbrokers,
• 25:15
  Speaker 1: using services like robin Hood to trade stocks at home
• 25:18
  Speaker 1: using smartphone apps, and guess what happened, The little guys
• 25:22
  Speaker 1: finally won. C Net reports that game Stock blasted their
• 25:29
  Speaker 1: stock through the roof. Shares were at seventeen twenty five
• 25:33
  Speaker 1: and ended at one hundred and fifty nine dollars on Monday.
• 25:36
  Speaker 1: On Tuesday, the stock price fell before rising back up
• 25:39
  Speaker 1: to one forty seven. Then the market rally drew the
• 25:42
  Speaker 1: attention of the Tesla CEO Elon Musk, who tweeted about it,
• 25:47
  Speaker 1: causing more people to pay attention to what was happening,
• 25:50
  Speaker 1: after which the stock prices soared again. As of Wednesday morning,
• 25:54
  Speaker 1: game stock stock was trading it more than three hundred
• 25:56
  Speaker 1: and fifteen dollars a share insert the little guy is winning,
• 26:00
  Speaker 1: which is amazing. By the way, game stop shares or
• 26:05
  Speaker 1: higher again as Reddit traders pushed the stock up, really
• 26:09
  Speaker 1: wanting to squeeze these investors, these scumbags of Wall Street. Remember,
• 26:13
  Speaker 1: these are the degenerates that are now doing this. The
• 26:17
  Speaker 1: astounding success of Reddit's campaign has some members of Wall
• 26:21
  Speaker 1: Street saying we got to regulate them, We got to
• 26:25
  Speaker 1: shut them down, because that's what they do when you
• 26:27
  Speaker 1: get in the game. Right, Wall Street bets community attempted
• 26:30
  Speaker 1: to replicate what they've done with these other companies, then
• 26:35
  Speaker 1: decided to do it with AMC the movie company, and BlackBerry,
• 26:39
  Speaker 1: the old phone that everybody had. As for the short sellers,
• 26:42
  Speaker 1: Melvin Capital was forced to close out in short position
• 26:46
  Speaker 1: Tuesday afternoon after taking massive losses. CNBC could not report
• 26:52
  Speaker 1: the exact amount Melvin Capital loss but did note that
• 26:55
  Speaker 1: Citadel in point seventy two having fused close to three
• 27:00
  Speaker 1: billion into the hedge fund to cover some of their
• 27:03
  Speaker 1: massive losses. For some of the degenerates on rereditors as
• 27:07
  Speaker 1: they're also called, the whole episode was amazing. It was
• 27:11
  Speaker 1: a meme stock that really blew up Wall Street, moderator
• 27:15
  Speaker 1: toldwire dot com. The massive short contributed more towards the
• 27:19
  Speaker 1: meme stock. In total, short sellers of lost more than
• 27:23
  Speaker 1: five billion dollars this month on game stock game Stop stocks,
• 27:31
  Speaker 1: I should say credential investors have expressed that they're angry.
• 27:38
  Speaker 1: Hedge fund managers sang in a now deleted tweet Michael
• 27:42
  Speaker 1: Burry that what they had done with game Stop was unnatural, insane,
• 27:47
  Speaker 1: and dangerous. Burry, who became famous for betting against the
• 27:51
  Speaker 1: housing bubble, was a subject of the Big Short movie Yeah,
• 27:57
  Speaker 1: also said there should be legal and regulatory repair cushions,
• 28:00
  Speaker 1: probably because he lost money. But the degenerates, as they
• 28:05
  Speaker 1: describe themselves, argue that what they're doing is no different
• 28:08
  Speaker 1: from a hedge fund taking action to manipulate a stocks price.
• 28:14
  Speaker 1: Insert Tucker Carlson last night saying, now the government wants
• 28:20
  Speaker 1: to shut down the little guy from actually making some
• 28:23
  Speaker 1: money doing exactly what the big guys have been doing
• 28:25
  Speaker 1: for decades, because the Internet's now fighting back. Hedge funds
• 28:30
  Speaker 1: do a lot of things to make money, but one
• 28:32
  Speaker 1: of those things is trading in the options market, shorting companies,
• 28:35
  Speaker 1: in other words, making money. When the stock price of
• 28:40
  Speaker 1: other companiesis American companies goods down, they lose money. Hedge
• 28:44
  Speaker 1: funds make money as part of the business model shorting stocks,
• 28:48
  Speaker 1: so borrowing shares and selling them on the expectation that
• 28:51
  Speaker 1: those shares will decline in value. Well. For the past
• 28:54
  Speaker 1: several months, hedge funds have short at the stock of
• 28:56
  Speaker 1: a retailer called game Stop. People online watch this. This This
• 29:00
  Speaker 1: kind of stuff happens all the time. And by the way,
• 29:02
  Speaker 1: sometimes hedge fund managers go on television We've talked about
• 29:05
  Speaker 1: this before on the show and attack specific companies or
• 29:08
  Speaker 1: whole sectors of the economy, hoping the value will go
• 29:12
  Speaker 1: down and they can profit from it. That's pretty ugly,
• 29:14
  Speaker 1: very ugly. It's very wrong. It's apparently legal, though, So
• 29:17
  Speaker 1: people on watch all this, and ultimately they decided to act.
• 29:21
  Speaker 1: A group of people on Reddit decided to buy up
• 29:23
  Speaker 1: game Stop options and that triggered a chain reaction that
• 29:26
  Speaker 1: drove game Stop share price higher and higher and higher.
• 29:29
  Speaker 1: As of today, shares of game Stop are up seventeen
• 29:32
  Speaker 1: hundred percent since the beginning of the month. That means
• 29:36
  Speaker 1: people on Reddit profited. People in hedge funds who are
• 29:39
  Speaker 1: betting that share price who could down lost money. And
• 29:42
  Speaker 1: that's a crime. Only people who work for hedge funds
• 29:45
  Speaker 1: are allowed to manipulate the market, often with the help
• 29:48
  Speaker 1: of CNBC. Now people are not allowed to do that. Already.
• 29:53
  Speaker 1: The people in charge of our system are outraged that
• 29:57
  Speaker 1: anyone without an official position at a hedge fund would
• 30:02
  Speaker 1: dare manipulate the market to their benefit. The communications platform
• 30:07
  Speaker 1: Discord has taken action against this. They shut down the
• 30:10
  Speaker 1: day traders, claiming that they're committing hate speech. In other words,
• 30:15
  Speaker 1: if you do what hedge funds do, but you don't
• 30:18
  Speaker 1: work at a hedge fund, you're a racist. Obviously, it's
• 30:23
  Speaker 1: just the beginning. Today, the CEO of NASDAK jumped to
• 30:26
  Speaker 1: the hedge fund's rescue and suggested, the day trading we
• 30:28
  Speaker 1: need to be halted. If we see a significant rise
• 30:32
  Speaker 1: in the chatter on social media channels, and then we
• 30:35
  Speaker 1: also match that up against unusual trading activity, we will
• 30:38
  Speaker 1: potentially halt that stock to allow ourselves to investigate the situation,
• 30:42
  Speaker 1: to be able to engage with the company, and to
• 30:45
  Speaker 1: give investors a chance to recalibrate their positions. So this
• 30:49
  Speaker 1: seems like a really big and significant story. This is
• 30:52
  Speaker 1: not a financial show that we're not fluent really in
• 30:54
  Speaker 1: this stuff. Charles pay By the way, I'm gonna let
• 30:56
  Speaker 1: you hear with Charles Payne, a good friend of show,
• 31:00
  Speaker 1: had to say about this. But you can hear now
• 31:02
  Speaker 1: they're freaking out. They are absolutely losing their minds and
• 31:06
  Speaker 1: freaking out that the little guy actually had a big
• 31:09
  Speaker 1: victory quickly. By the way, I got to remind you
• 31:12
  Speaker 1: about something. You got two days left if you want
• 31:16
  Speaker 1: to get in the fight on the statewide level and
• 31:19
  Speaker 1: join for free the number one conservative organizations in the
• 31:22
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• 31:24
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• 31:26
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• 31:32
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• 31:35
  Speaker 1: really cool. They are actually going state by state and
• 31:38
  Speaker 1: organizing members because every state's going to have different fights.
• 31:42
  Speaker 1: They're going to have to battle against First and Second
• 31:44
  Speaker 1: Amendment rights being taken away from us, holding the administration
• 31:49
  Speaker 1: accountable for what they're doing, trying to decimate the old
• 31:51
  Speaker 1: and gas industry. So if you've not joined the number
• 31:54
  Speaker 1: one conservative organizations in the country AMAC, do it now
• 31:58
  Speaker 1: because it's gonna cost you about twenty in two days.
• 32:01
  Speaker 1: Go to ben Free online dot com. That's been free
• 32:05
  Speaker 1: online dot com okawww dot ben free online dot com
• 32:12
  Speaker 1: and you can join the number one conservative organizations in
• 32:15
  Speaker 1: the country and you'll get updates based on where you live.
• 32:19
  Speaker 1: It doesn't matter which state you live in. The battles
• 32:22
  Speaker 1: are going to be different state by state. You want
• 32:26
  Speaker 1: to get organized, you want to know what you're fighting
• 32:27
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• 32:29
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• 32:33
  Speaker 1: your free membership to AMAC now. You got two days
• 32:36
  Speaker 1: left to do it. After That's gonna cost you about
• 32:37
  Speaker 1: twenty dollars to become a member, So why pay for
• 32:39
  Speaker 1: it when I'm giving it to you for free right now,
• 32:42
  Speaker 1: ben free online dot com. Charles Payne is a guy
• 32:46
  Speaker 1: that really understands the little man. The little guy. I've
• 32:50
  Speaker 1: known Charles now for almost twenty years. He does an
• 32:52
  Speaker 1: incredible show over at Fox Business. He is a guy
• 32:56
  Speaker 1: that understands Wall Street really well. From being kind of
• 32:59
  Speaker 1: an outside of that became an insider and that the
• 33:02
  Speaker 1: little guy and the average Americans should have a chance
• 33:04
  Speaker 1: to make money on Wall Street is really what he
• 33:07
  Speaker 1: advocates for. Charles Payne was brought on Tucker's show last
• 33:11
  Speaker 1: night talking about what has been done by these people
• 33:16
  Speaker 1: on the internet to say screw you to the big
• 33:18
  Speaker 1: hedge Funge managers, and now Wall Street's like, well, we're
• 33:21
  Speaker 1: going to figure out a way to make sure this
• 33:22
  Speaker 1: never happens again. We're the only ones that can make money.
• 33:27
  Speaker 1: Take a listen to what he had to say as
• 33:29
  Speaker 1: he was talking to Tucker about this is a huge
• 33:31
  Speaker 1: victory for David and Goliath loss and now Goliath is
• 33:34
  Speaker 1: trying to shut down anything that they are doing. The
• 33:37
  Speaker 1: David's of the world are doing on the internet to
• 33:40
  Speaker 1: try to make some money on Wall Street doing the
• 33:42
  Speaker 1: same exact thing that these Wall Streets comebacks do every
• 33:45
  Speaker 1: single day. A really big and significant story. This is
• 33:48
  Speaker 1: not a financial show though we're not fluent really in
• 33:50
  Speaker 1: this stuff. Charles Payne is. He's hosted Making Money with
• 33:53
  Speaker 1: Charles Paint and Fox Business, and so we're grateful to
• 33:55
  Speaker 1: have him on tonight to explain what is going on
• 33:57
  Speaker 1: and what it means. Charles, thanks for coming on. Hey, Tucker,
• 34:00
  Speaker 1: you hit a whole lot of it, but let me
• 34:01
  Speaker 1: just fill it in a little bit more. Because not
• 34:03
  Speaker 1: only are these folks, these hedge funds selling the stock,
• 34:08
  Speaker 1: they don't own the stock, so they borrow it. Imagine
• 34:11
  Speaker 1: you borrow a stock that's trading at ten dollars and
• 34:14
  Speaker 1: then you drive the share price down and then you
• 34:17
  Speaker 1: buy it back for a dollar. You make the difference
• 34:20
  Speaker 1: nine bucks. And to your point, they're allowed to short
• 34:23
  Speaker 1: so much stock. Do you know the amount of stock
• 34:26
  Speaker 1: that was out on Game Stop. Let's just say one
• 34:29
  Speaker 1: percent of the shares that are out, Well, they shorted
• 34:31
  Speaker 1: one hundred and forty percent of the stock. So they
• 34:35
  Speaker 1: borrowed the same stock over and over and over, the
• 34:39
  Speaker 1: same shares and sold it into the market over the
• 34:42
  Speaker 1: Their job, their mission was to drive Game Stop to
• 34:45
  Speaker 1: zero zero. No one said a word on any financial network,
• 34:51
  Speaker 1: particularly CNBC, which always lets the shorts come on and
• 34:54
  Speaker 1: a sale go to war with companies almost voiceless companies.
• 34:58
  Speaker 1: So what happens. Some people give wind to this, these
• 35:02
  Speaker 1: folks that you said on, these these individual investors, they
• 35:05
  Speaker 1: decide to buy the stock up. They start to pressure
• 35:07
  Speaker 1: the shorts. It's called a short squeeze, and it's working.
• 35:12
  Speaker 1: And Wall Street is losing its mind. And Wall Street
• 35:14
  Speaker 1: now wants to change the rules of the game because
• 35:17
  Speaker 1: a bunch of people would accounts arranging for a five
• 35:20
  Speaker 1: hundred dollars, the twenty five hundred dollars are taking down
• 35:23
  Speaker 1: the billionaires amazing. So the options, I mean, it's a
• 35:29
  Speaker 1: much longer conversation about where the options market actually helps
• 35:32
  Speaker 1: the real American economy in any way. But unless I'm
• 35:34
  Speaker 1: missing what you're saying, when individual investors tried to do
• 35:39
  Speaker 1: what hedge funds do every day but to the benefit
• 35:43
  Speaker 1: of game stop, they're not racist for doing that, and
• 35:45
  Speaker 1: they need to be purged from the internet. Well, you know,
• 35:50
  Speaker 1: in any war, the first thing you want to do
• 35:52
  Speaker 1: is cut off the line of communication. So hence they
• 35:55
  Speaker 1: are going to be cutting off this discord, right, They're
• 35:58
  Speaker 1: not going to allow the communication. You do that, then
• 36:01
  Speaker 1: you start to change other rules of the game. Clearly,
• 36:04
  Speaker 1: Charles Payne, I really appreciate your coming on tonight. Thank you.
• 36:07
  Speaker 1: I love this by the way. Finally, and I don't
• 36:09
  Speaker 1: think they're gonna let them win again, right. MSNBC is
• 36:13
  Speaker 1: watched by the elites. They're not gonna and they'll let
• 36:16
  Speaker 1: anybody come on and destroy a company as long as
• 36:18
  Speaker 1: they can make money for the other elites. They're not
• 36:20
  Speaker 1: gonna let this go like, they're gonna make sure this
• 36:22
  Speaker 1: cannot happen every week. Hell, they're gonna make sure it
• 36:26
  Speaker 1: can't happen once a year. That's why they're gonna shut
• 36:29
  Speaker 1: down these Reddit forums saying, oh, these Reddit forums. You
• 36:32
  Speaker 1: can't actually come on, you can't actually let this go right,
• 36:38
  Speaker 1: you can't actually say that this should happen. We're gonna
• 36:43
  Speaker 1: make sure it never happens again, because we are the
• 36:45
  Speaker 1: only ones that can make money. So we'll shut it down.
• 36:50
  Speaker 1: We'll make sure that you guys never have an opportunity
• 36:52
  Speaker 1: to do it again. You never have a chance to
• 36:55
  Speaker 1: do it again. We're gonna shut you down. We're gonna
• 36:58
  Speaker 1: silence you. We're gonna make that the little man can't,
• 37:03
  Speaker 1: the David's of the world cannot have success. Ever, that
• 37:08
  Speaker 1: is exactly what they're advocating for. And I'll tell you,
• 37:12
  Speaker 1: I think this is one of the greatest things, the
• 37:14
  Speaker 1: fact that Elon Musk is screwing with Wall Street, the
• 37:16
  Speaker 1: way that he is bringing attention to when this stuff happens.
• 37:20
  Speaker 1: I love it. I genuinely love what has happened here.
• 37:28
  Speaker 1: It is amazing what is happening all right? Quick reminder,
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• 37:37
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• 38:20
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• 38:24
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