Podcast#236: Reddit-Hedge fund war, Iraq ISIS honcho smoked, Walmart Astroglide masturbator nabbed

World News with BK

BK

Society & Culture

4.8 • 1.1K Ratings

🗓️ 30 January 2021

⏱️ 154 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week started out with an examination of what exactly was going on with the battle between titanic Wall Street hedge funds and dudes shitposting on Reddit, some history of Wall Street malfeasance, and some personal finance lessons. Then it was on to another ISIS leader getting smoked in Iraq, Poland abortion protests, Nigeria shitcans military leaders, and a guy was arrested in Walmart after being seen pleasuring himself and being covered in in Astroglide. Music: Testament/"Over the Wall"

Transcript

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0:46.7	I'm going to do. All right, let's kick it off here. Saturday, January 30th, 2021. How are you guys doing this week? It is BK here. That's right, one more time in a row. The only solo podcast capable of going
0:52.4	two and a half hours straight through no
0:53.8	breaks no editing I'm the only guy who has the intellectual capacity to do it and
0:58.8	everybody knows it please follow me on Twitter for breaking news throughout the week at Bravo Kilo
1:04.4	actual check out that Instagram at BK actual as we get started here at what is it
1:09.6	1128 a.m. from San Diego. Okay guys obviously I think you know what we're going to get into I got so many
1:18.4	messages about this you know I have to start off unusually with our business and what's going on with the game
1:27.4	stock with the short selling with the all the the options trading the markets what's happening it is rare that we start here in the
1:37.4	United States this is world news with BK after all but I got so many messages
1:41.6	from you guys asking about this that I thought I would just get right into it and here's how I'm kind of going to work.
1:49.0	I got a lot of different tabs open on this. I'm going to try not to repeat myself too much, but I might do a little
1:55.8	overlapping here and there because the story is just so all over the place and I'll try to get through the
2:00.4	basic information and then we'll get into a little bit of definitions about
2:05.2	finance and what's actually happening, the different mechanisms of what's happening.
2:10.7	And basically also a little bit of history about some chicanery that's been pulled in the market and why people aren't feeling too sorry for these giant hedge funds who are currently losing their ass in the market.
2:26.4	So let's just go ahead and get kind of a broad overview here and see what's happening. So first of all what is happening basically the
2:36.5	Game Stop is the big stock in question. It's not just them though, It's more than one. Of course GameStop is the
2:46.2	video game retailer whose best days were seen as far behind them.
2:51.3	And now they're the darling of day traders who are putting
2:56.0	the squeeze on these big short sellers. Now the surge in trading has driven
3:00.4	GameStop's value up by more than $10 billion and that was just on Wednesday alone.
3:08.6	And then we saw later in the week as several trading platforms temporarily placed restrictions on the
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