Agree. but dosent change fact he has to waste a good sold case and argument with a air head(racist) politician. From here forward my friend jus a thought, have another investor, affiliated only by owning Game Stop stocks, that is of a different race other than yourself. I am 100% against Racism and Communism. In Today's time when black and white and every other color, of humans and creatures alike, have to show how they dont care about what you look like or sound like when it comes to fixing odds and illegally shutting off growth and expansion to thousands of multi-cultural, multi-race humans with 1 Fact that they have in common. We were stole from. In any country that brings severe consequences
I love how Maxine Waters, a public official that sends millions in campaign funds to her daughter, is questioning a normal guy that made millions in the stock market.
Compton and inglewood, Max's district, are beautiful cities RUINED by democrats... Bush Sr. and wife Barbara lived in Compton ffs, now it's garbage & Max lives in a 'privilaged' area. Edit:spelling
She also openly calls for violence against political opponents and is the only Congress member in over a hundred years to behave so badly that she was punished in a manner that usually involves a ceremonial mace, but it was lost decades prior due to its irrelevance.
I love the Hang in There cat poster. That's an original meme that predates the internet! His wooden flat delivery and straight stare is reminiscent of Zuck's congressional testimony. He's an Artist I tell you, an ARTIST!
*They're pissed because rich people lost money, and a bunch of 14 year olds with a PayPal account and a laptop beat them at their own game. Really afraid that it'll happen again, and disrupt the hierarchy....*
The best part? It will be extremely difficult for them to stop people from doing this again, and again, and again, without showing their hand and encouraging people to start hunting down billionaires.
The fact that he is the one being questioned is a fucking joke but that opening statement without a single Um or pause. Well strung together points and a chronological flow. Very impressive and very intelligent.
@@zackwhit2470 of course he was, people still take an audible pause or say um while reading a script. He isn’t a news anchor or someone who does this daily.
Absolutely abhorrent that this man has to waste his time defending his manifestly legal behaviour. This is no less than harassment on the part of the US government.
@@kaziflows2936 it's because the anti-Trump rhetoric wasn't from the people in the first place. He didn't play by the elite's rules, so they used media against him. Biden is on their team, so of course they won't use media against him.
"Waters is accused of intervening to help OneUnited secure a meeting with Treasury officials, even though her husband owned stock in the bank and previously served on its board. After a months-long investigation, the House ethics committee charged Waters with three counts of violating House ethics rules." How in the f**k is that corrupt moron not only on the House Finical Committee but the F***ing chairperson???
@@uroskumer8269 that these hedge funds and officials who control the nation's finance are a bunch of greedy dogs, look at past presidential administrations who appointed globalist/economicists/bankers into high positions. The market in unregulated and will never be so because people like them are in charge.
Warren buffet is always saying people need to buy & hold the SPX500...Elon Musk has been crazy bout Tesla stocks & BTC, but i don't see them being trialed in court
@@miceatah9359 oh I don't know, maybe investing apps like RobinHood (ironically enough) who limited the amount of shares you could buy from gamestop, to protect the already rich people that were trying to make gamestop go bankrupt so they could benefit from their hedge funds. They're in kahoots with the already rich. If an app like that wasnt corrupt they wouldnt have limited the amount of gamestop stocks you could buy as more traffic would also result in more income for them.
This is one of very few things liberals and conservatives agree on. Those hedge funds will short a stock, then go talk trash about the co in the media to move the stock, then cash out... They do it all the time. Elliot Management is one of the worst companies on the planet... they profiteer off of bankrupting other companies.
@@BelowAverageRazzleDazzle Nah man liberals and conservatives are ran by the exact same coin minter. If your not independently thinking then your driving this country deeper than the fucking crater it is
@@edtaslak1398 You obviously don't understand how a pump and dump works. The dude invested in a sh*t company and disguised his pump and dump as some sort of noble revolt against the hedge funds who had done their due diligence. There's a reason those funds shorted Game Stop, because as a company GS is toast. So is this dude.
@@bluemystic7501 People have every right to invest where they wish, and if they choose to speak well of a "crap" company, they can. It's each persons choice to invest where they wish, when they wish. If the rich and greedy people of Wall Street get their panties in a bunch because of that, tough.
We're really at the point where the average man trying to make honest money legally gets you a court hearing for hurting untouchable billionaires feelings.
" Honest money" by encouraging thousands to invest in a company just to cash out at the right moment they make millions. But yea that was the plan . To help the average man 🙂
@@ohgeezrick2019 Well actually yea . . . any other system would have this dude castrated and killed in the dead of night, at least he gets his day in court . . . btw he's gonna be fine, congresspeople care slightly more about reelection than campaign funding. If this guy gets screwed, every non Republican on that committee is out of Congress.
Yea it was a big finger to the people who couldnt buy/sell when he turn off the option on Many stocks so they ended up loosing money. Not hedge funds, but we know they lost regardless... Hell they probably still loosing on gme.
@AngryJoeIsRacist Super Racist its a technical expression. Youre not allowed to say "you should buy this stock" as that is against the law. You can only say, "I like this stock" when you are promoting your ideas on the market
@@greenbean4422 it isn’t illegal to tell someone they should buy a stock unless it is proven that you are part of a scheme to pump the stock or if you are that persons financial advisor. The first amendment still applies, you can tell people to buy a stock as long as you aren’t part of a group that is attempting a pump and dump
@@TheClutchVOD Honestly, how do people who know nothing about the internet and social media. Hold a hearing about a social media event? This is almost as hard to watch as the senate questioning Mark Zuckerberg. They're all extremely unqualified and need to be educated on this stuff to be qualified for their position.
@@SuperWagner23 And often it’s the other way around. Usually it’s poor people not doing bad things to get whatever they want, VS rich people who DID do a lot of bad things to get exactly what they want.
@@GraemeGunn there are some good rich people, but they are rare. And some of them are not very smart about managing their finances either, so yeah, I hear ya
Just look how the silver price is being artificially held low by all the funds. One of the more well known ones inside of trading and still they couldn’t bother less to investigate it.
@@therabidscorpion the truth is libs are Republicans who pretend to care about people. There is only one party and they both serve wall street and big capital. Neither party represents working or middle class people.
Katie Sigmon “libs” are not republicans they are democrats and they do not deny this. What possessed you to write your rhetoric 😳. There are three things en this world that make people completely ludicrous; religion, politics, and federal reserve notes (what some call money).
You hit the nail on the head. "They" lambasted the US w/the beer bug lockdowns right before almost everyone was back on track with jobs, out of debt, and no longer intimidated by their schemes. They are filled with vitriol and hate for hard working, intelligent people who research and get ahead without them.
@@n0xxm3rcyxx Someone made an interesting observation: the massive explosion in all things "woke" happened in early 2012, right after the Occupy movement.
Seriously "it is they are or they're running to mommy and daddy" if you don't speak or spell properly, who will listen to you. You are correct but incorrect grammar makes us all look uneducated m8. It is forever on the internet.
Rich People: “Don’t complain about being poor unless you’re going to learn to trade stocks.” Reddit: *Learns to trade stocks* Rick People: “No, Wait-!”
@@feartheghus Im relatively rich, made my money building up a farm. I dont like ppl getting rich doing nothing of value while those actually keeping the economy going often being paid jack for long weeks of actual work or work as slaves abroad. Although i rather see this guy get rich of doing jack then some banker to be fair. I cant really blame ppl for making money when they can, Still in principle i dont like the idea of being able to make money this way leeching of actual productive ppl. I believe in a meritocracy and gamblers should be low on the list of merit imo.
@@tacob0 dude you ain't wallstreet rich, that's who we are talking about, you barely register to them as a ant let alone a person. As for your statement I agree and to be honest to long has the value of labor within this country been leached off of by bosses, companies and those that act as predators on the stock market like Melvin that created a perpetual short that would have bankrupted a company and sent its workers into the streets during a freaking pandemic and economic recession.
He made his money from those piled on and lost their money. I don’t know how he is a hero by any means. His position multiplied because people buying it as a joke, and being led to believe they can either profit from it or they are doing it to as action for justice. No one bought it because they believed game stop is worth over 50 bucks, it’s a 30 dollars max stock, if someone bought it at over 40 bucks and didn’t lose money is only because some other chump took your lose. He made money (if he realized his position) because clueless people piled on and give their money to him. That stock has no intrinsic value, it’s only a transfer of wealth. Hero my ass. Just watch it slowly goes back to 20 dollars a share when the shocks are over and price sensitive investors are back in again.
@@fanzhang5568 ... If you have no idea what you're talking about don't say it. Seriously either you are mad you missed out or mad Dfv is winning either way no point spouting lies about someone who is a figurehead for retail investors.
He wasn't wrong about the value. Those who are against him argues that GME does not deserve to be valued so high, but the stock was also grossly undervalued. Back in 2019 when Keith started all of these, the value of the stock was below $10, even reaching $4 on 2020. Now that the price normalized again, the value is now around $40-$50, just proving how vicious these hedge funds are
The fact that institutions and wealthy are pressing this man down is disgusting...last time i checked there still was freedom of speech and Free market.
Thats just small things they dropped on humanity with time to help justify their disgusting behavior. So that some may continue to own everything while others die before 10 due to lack of ownership.
I don't think you understand what free markets are. And you definitely do not want free markets :) Free markets would mean unlimited exploitation. Child labor, and the total destruction of our environment. Well, we are kinda there already. But lets all be worried about who is rich and who is not. Also, how would things change if different people were rich? It would not. All you are concerned is who is rich. As long as there is this possibility, to be more than other people. The economical hierarchy. How about getting rid of the hierarchy ? Instead of trying to support it, by desperately trying to climb the ladders of hierarchy. You people are simply conservatives. You want to retain the hierarchy, so you could be the one exploiting others. To have your revenge.
@@Nobody-Nowhere lmao? Im not talking about forcing children to mine blood diamonds in sierra leone im talking about the hypocrisy of stock traders,he did absolutely nothing illegal but hes still getting smacked for it.
It used to be a free market where the customer drives the demand. But Big Tech has replaced Free Capitalism with the easier to control investor driven markets of Consumer Capitalism, where consumers through access and data are reduced to a cash commodity to be bought, traded, and sold on the market. The next stage is Collectivism, where the State becomes the principal investor. We are well on our way.
Hedge Funds: * Manipulate the market * DFV: * Invests in the market and points out publicly available information * Hedge Funds: “Wait, that’s illegal!”
Bunch of thieves behind the scenes. I hopped on a stock that was rising very quickly premarket. I bought in at 6$ and it jumped up to 18$. To noones surprise, the stock market placed a halt on that stock, and shortly after lifting the trade restrictions, it dropped all the way to $4 within a minute. What???? How is that legal?
@@miceatah9359 so you're saying it's not suspicious that the market freezes and you're not allowed to withdraw, then suddenly, during the time nobody could withdraw, it plummets downwards?
“It is tragic that some people lost money, and my heart goes out to them! ...Investing in public securities is risky” That’s what the top says to the little guy they swindle! This is poetic!
Wait until America produces a bona-fide philosophical genius. He'll define God using scientific terms. Think of him as the new "Jesus." Why will he be from America? Because America protects religious creativity more than any other country. That's why America is the birthplace of many new forms of Christianity.
It's sarcasm, the rich fuckers who control the stock market say the same thing every time they cause a collapse and suck up government bailouts while normal people starve.
I vote statue! They should put his statue on top of the Wall Street Bull as he charges into battle riding it like a boss. In his right hand he holds a spear with a banner streaming from the shaft that says “Can’t Stop. Won’t Stop.” And in his left hand a shield that says “We Like the Stock” which he uses to deflect criticism and other vile attacks from the institutional battle trolls. Also he is wearing an eyepatch and has an alleycat perched on his shoulder (representing the poor and hungry masses trying to catch a break). And the Wallstreet Bull is given a GameStop branding on its left haunch. Retail investors should get together and use their GME profits to commission it! It will be epic!
Not really. JP Morgan came out with a study that showed that GME wasn’t even in the top10 stocks bought by retail investors in Feb during the squeeze. This is hedge fund wars. Keith just happened to be fortunate enough to be on the right side of the trade at the right time. Wisen up. Penny paupers on Reddit DONT have billions to pour into a stock, hedge funds DO.
@Snake Griffin your logic makes no sense. Just because it wasn't in the top 10 stocks bought by retail investors doesn't mean it was driven by hedge funds lmao.
Fukin' A!!!!!!!!!! Imagine all those insider a-holes who never had to answer for a damn thing, while they push back against one guy because he pointed to the writing on the wall and had a few brain cells explain his thesis. Sickening. I hope he sticks around. I want to research the politicians who instigated this BS because they need some illumination and some contributions to their adversaries.
@AngryJoeIsRacist Super Racist because rich people get away with it and this guy is at a congressional hearing. When the rich dogs are brought to a congressional hearing for every pump n dump then maybe the guy will shutup
He's going to make much less than $5million after taxes and is going to donate a good chunk of it to his incredibly poor city of Brockton and probably most of the rest to his family who is still grieving the loss of his sister most likely. The guy has struggled to hold down a full-time job over the past decade and is finally met with a good-sum of money and instead of being selfish he's giving back to the people who supported him. Damn what a scumbag.
@AngryJoeIsRacist Super Racist you must of lost money in GME. It was not a pump a dump. They squeezed the institutional shorts out of bankrupting GME and walking away with %100 profit. No retail investor lost anyone money. It was the hedge funds they invest in, who play the market dirty. Shorting a company %120 should be illegal. Short laddering and manipulating the price, to scare retail investors out of their position, so they can drive the price down and cover shorts should be illegal. If you’re on the side of big Wall Street than you’re part of the problem.
Why is this even necessary at all? Wasting taxpayers money on useless hearings. Everyone involved knew the risk, or at least agreed that they did. Pointless hearing.
Hello thanks for introducing her to us i actually did the trade with a loan from my friend and now with the profits i payed up and now am happy and comfortable
@@demisagoat Real capitalism raised 70% of the world out of extreme poverty, You have no real education on the other systems out there. There is no such thing as a better system. It is extremely utilization of resources and if you take away the invisible hand and let people decided the level of utilization, it unbalances the system and makes it ripe for corruption.
@@TheBaldr And it is corrupt. And the result is what we're both watching right now. The rich putting the poors feet to the flames for daring to try to climb the ladder. As much as I appreciate capitalism for what its done for us, we must accept that any economic system is bound to rot from the inside after a time due to greed and hoarding of wealth/power by the elite. This system has rotted. We are in end stage capitalism and the poor are tired of being trodden on while the rich live lives of luxury. Something has to give.
@@TheBaldr How can you sit there with a straight face and say "ripe for corruption" meanwhile the whole reason this video and whole scenario exists is because the unfettered capitalist corruption?
Better speaker than most of the snowflakes in office, or even the press secretary. Good for him, a shame for the ignorant people who have swindled there way into offices.
The Politicians who practice insider trading every day are allowed to judge people who trade legally and just happen to win once in a while... What a Joke...
And all the stock value is based on their manipulations and guesses, nit how the company is doing and which to invest into so they can thrive. Fun fact, you don't have demand for products/services, when you financially starve the worker/consumer. So maybe they needed enough funds funneled into the stock ecosystem so that the consumer demand ecosystem wont have to matter and bam everyone's a wage slave?
This hearing is about holding Robinhood, Webull, etc. to account for halting purchases of the stock as the squeeze began. No one on the committee is implying that DFV did anything wrong. They just wanted his perspective and to clear up some things.
@@rylian21 Lol no, they wanted to try and see if they can convict DFV on collusion through reddit, the second they realized they couldnt play him, the stock went up in value.
That's because Democrats can do any crime and get away with it. Insider Trading, Marrying your own brother and committing Marriage Fraud, Campaign finance irregularities, Inciting violence on opposing party, having gay orgies in a hotel while doing meth, they're untouchable.
I know it would've undermined his point, but imagine if he's ended his statement with ".....and fuck you for even entertaining the notion that I be legally culpable for a hedge fund losing billions. bye"
@@jakebennett9130 I thought it was a reference to the attorney/judge zoom call that went viral where the older attorney accidentally had on a cat filter, and insisted to the judge he wasn’t a cat,
Yes it’s 2021 and if someone isn’t using memes to communicate, children like you do not listen lol. Everything and everyone has to be meme’d with your brain dead internet kid generation
Yep. Shows that the little man will be beaten down by the system, whenever he dares to lift his head. The system is only made to keep the little people down.
@@klausrasmussen2307 shows that the system has holes that are exploitable. While you may see them “beating him down”, I see them taking fat Ls trying to take him down. The rich have no legal leg to stand on in this matter, they’re just doing the song and dance to win in the Court of Public Opinion, because they can’t win in the Court of Law. This guy will answer questions, keep his millions and move on. Who should be worried are the apps that disabled stocked purchasing for the common in a free market economy. Those guys are legally boned. Generally though you’re right. The system is made to keep the little man down, this just is not an example of that.
its not about that tho, i'm pretty sure the issue is people on reddit colluded to inflate gamestop stock and pressure shareholders which is completely illegal. its not about little man or big man, its about one group colluding to illegally tamper with the stock market
I am a retail investor who as of this moment has lost money on my GME position. I do not blame Mr. Gill for this loss, I blame brokers illegally halting buying and closing their clients positions at the behest of their hedge fund buddies. I blame hedge funds for trading the stock between themselves at high volume to fix and manipulate the price. And I blame the politicians who instead of investigating those brokers and hedge funds decided to investigate retail investors like me. It’s despicable. I am proud that GME was my first investment. I stand with Mr. Gill. Even if wallstreet corruption keeps the stock from going to the moon, this movement is going to Pluto.
@@robertdaro2701 Comon... big hedge funds are never called to testify when they make billions on stocks and they aren’t blocked from taking the trades if they were very successful. This guy shouldn’t be called to testify about a plot to make GameStop stocks soar.
A single man single handedly took down Wall Street and stood up for the common man Past greats and legends do deserve the respect they earned but this guy overshadows them all👏 💎 MR. Diamond hands 💎
Sorry to hear that he lost his sister in June, heart goes out to the family. Great opening statement, amazing to see he’s sticking to his guns and isn’t leaving anyone behind
Thank you for supporting retail investors all the way. Thank you for no double speak. Take note industrial investors. True grit. Honesty. Humility. Just loving the game
That about sums it up. I recommend that you submit a copy of your post to Washington DC, since it is simple enough that maybe these dumb politicians can understand it
Anyone else get progressively more rustled as it went on because these boomers on the committee didn't mute their mics while he gave his statement? Its especially brutal at the end where it sounded like they were fumbling around with a water bottle or something.
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He's not being charged with anything, just testifying about the events that took place on behalf of all the retailer investors. I'm actually glad he's testifying, he clearly knows how to express his views and he's a good figurehead for the little guys.
The funny thing is that they’re not making him testify because he “stuck it to the hedge funds.” They’re making him testify because politicians understand so LITTLE about modern internet trading that they heard about this on the news and want to show they’re “doing something”
Exactly! If this were someone trying to pull a Pump & Dump scheme, DFV would have gotten out when the stock hit the 450 mark, but instead, he held, and to the best of my knowledge is still holding.This is someone who made a long term investment in a company he had faith in, simple as.
He said he went to college for financial Business Management, now people are yelling at him for making too much money? America is BROKEN. Give this guy a job IN CONGRESS.
