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Rebel Capitalist News

News: The World Is On Fire And The Stock Market Is Up...Here's Why

Rebel Capitalist News

George Gammon

Thrive, Wealth, Gold, Finance, Macroeconomics, Education, Protect Wealth, Real Estate, Learn, Business, Investing, Government, Economics, How To

4.71K Ratings

🗓️ 14 March 2023

⏱️ 15 minutes

🧾️ Download transcript

Summary

The Rebel Capitalist helps YOU learn more about Macro, Investing, Entrepreneurship AND Personal Freedom.

Transcript

Click on a timestamp to play from that location

0:00.0

Hello fellow Rebel capitalists hope you're well.

0:02.4

So I know a lot of you are asking the question how on earth is the stock market up today?

0:08.2

This makes absolutely no sense.

0:10.4

Let's go over to the CNBC home and let me give you some insights as to what on earth is going on with these crazy markets.

0:20.0

The entire world is collapsing around the world's on fire for heaven's sakes.

0:27.0

Why is the stock market not down like 2,000 points?

0:31.0

Let's go over to see and be see this check this out. Okay, first thing. Let's just go through the whole entire home page as far as each individual market. Let's start off with crypto. This will actually give us a lot of insights here.

0:43.0

Dow Jones up 130 points.

0:45.1

NASDAQ up 150 points.

0:47.7

So NASDAQ up a higher percentage.

0:51.1

It's up 1.35% compared to the Dow, up 0.41%.

0:57.0

S&P up 0.58. And that's important. The NASDAQ is up more than the Dow and the S&P. Got it? Okay, cool. Now let's shoot over to crypto, Bitcoin, skyrocketing up almost 14% on the day.

1:21.0

And think about this, we've got signature bank which was quote-unquote

1:24.6

crypto-friendly as they're saying just literally going bust and you've got

1:30.7

Silvergate also bust then obviously we know what happened with Silicon Valley Bank.

1:36.5

So you would think there's a lot less liquidity going to Bitcoin, Bitcoin would collapse,

1:41.3

or if you go on FinTwit and if you listen to the

1:44.0

Bitcoiners they say no no no no no what's happening here is Bitcoin is

1:48.3

skyrocketing because everyone's realizing that there's all this risk within the banking system.

1:55.0

So they're taking their savings out of the bank and they're moving it into the best bank of

2:00.4

all time, which would be your back pocket, and they're putting it into

2:03.7

Bitcoin. Just put it into cold storage. Then you don't need to worry about the

...

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