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Catching Foxes

GameStonk!! and Moar!

Catching Foxes

Luke and Gomer

Religion & Spirituality, Tv & Film, Christianity

4.7778 Ratings

🗓️ 29 January 2021

⏱️ 93 minutes

🧾️ Download transcript

Summary

Luke asked for topics. Maybe five or so. We got about 57! So we run through a bunch of good, deep, light, and hilarious questions in this episode. But first! Luke talks** GameStonk!! **

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Transcript

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0:00.0

So, Luke, I had no idea you were a member of the alt-right.

0:08.9

Can you?

0:10.4

What did that video say?

0:11.8

Was a guy saying that Wall Street Betts is a member of the Alt-Right?

0:15.3

No, he loves Wall Street Betts, and he's trying to defend them against the financial times

0:20.5

and other Wall Street allies that are coming after them with everything they can.

0:24.6

I cannot believe that people... Okay, so for a little bit of... Okay, so we've all heard about the stonks. I cannot believe that this is happening.

0:34.2

So I need to provide a little bit of a back story. I need to provide a bit of a

0:37.7

backstory. So you're all aware what's going on within the financial world because it's

0:42.2

everywhere right now with this subreddit Wall Street bets and the stonks and the to the moon

0:49.2

and Yolo and how everything. So for people who don't know, I'm going to do my best.

0:56.4

I watched a video on it that I think did a really good job.

1:00.3

So let me do it.

1:00.8

Yeah,

1:00.9

please, please, please.

1:01.8

There's this Sikh guy named Joss Preeks Singh

1:04.7

who does a YouTube channel called the Minority Report.

1:07.8

It's great financial thing.

1:09.6

But essentially it's this.

1:14.2

A hedge fund is betting on they're shorting a stock because they believe that stock will go down in value. So instead of

1:19.1

buying the stock, they borrow the stock, short the value and hope to sell the stock or acquire

1:25.4

the stock at a lower rate, which actually makes them more money.

...

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