This is Financial Advice
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- Опубликовано: 7 июн 2024
- Clickbait Title: if the price is zero then you can buy all the shares
I tell you what, when you try and tell this story you either sum it up in ten minutes with the broadest strokes or you settle in for a rabbit hole made entirely out of onions and ogres. Conspiracy theorists flock together and constantly try and rope each other into the orbit of their personal hobby horse conspiracy, so once you break the surface suddenly you're digging through endless side stories, each with their own cast of characters, trying to figure out if some tertiary claim is true, was maybe true in the past but is no longer true, or was never true, and discover that the only sources on the matter are the same three people quoting each other in an endless circle of false legitimacy.
Written by Dan Olson and Nathan Landel
Performed by Dan Olson
Camera by Dan Olson and Kara Artym
Edited by Dan Olson
Production Assistant Laura Schultz
Featuring music by Young Neighbours - linktr.ee/youngneighbours
Special thanks to Eric Pauls, a friend of mine from film school, for digging up 15 year old hard drives just to re-master some songs he wrote back in college when I was like "those old tracks you and Cam did, they've got the perfect vibe I'm looking for!"
Crowdfunding: / foldablehuman
Twitter: / foldablehuman
BlueSky:
00:00:00 - Diamond Hands
00:02:14 - Heat Lamp
00:13:26 - GME Fallout
00:23:31 - MOASS
00:58:10 - The Vote
01:04:36 - Deep F*ing Value
01:12:39 - Measure of a Meme Stock
01:16:38 - Due Diligence
01:50:27 - The Book King
01:55:38 - Teddy Day
02:07:32 - BBBY Endgame
02:18:03 - BBBankruptcy 
Развлечения
Shout out to the Game Stop employee who was like "umm, I don't think it makes sense to merge a video game store with a company that sells candles."
Honestly I really like playing games by candlelight but I've learned to never bet on my tastes being shared by others.
imagine: mountain dew and doritos scented candles
@drewbabe you know PepsiCo buying GameStop somehow makes more sense...
@@drewbabeI think those might exist, there is at least mountain dew soap
@notapplicable6985 So of course I had to check. Result? They don't officially exist however there are secondary markets that make both of them. Normally I wouldn't post that since it's kinda non-news, but when looking into it I found something neat. You don't need Doritos candles because Dorito chips burn like candles already. Just stick em into a fire proof base like sand and thanks to the oils in them apparently uou can just light them up. Gonna test it tonight.
"I will be rich _after_ global financial collapse" is just such a patently absurd thing to believe in
I think the Qanon conspiracy still takes the cake for most absurd but honestly, the fact that I'm not overly confident in that statement says enough.
Right? It makes me think maybe these people don't even really know what money IS.
Jokes on you, I have a metric ton of bottle caps and I'm ready to become obscenely wealthy once the nukes drop... I'm doing it right.. aren't I?
@@BlindErephon It's a fancy cotton / linen mix with dead dudes on it, just like my sock.
It feels like a lot of this comes from the 2008 crisis. It felt apocalyptic especially to younger people at the time and the ones fucked in the end weren't the banks or the investors, but ordinary people. So the mentally now is "when the next crisis happens, I want to be in and not out".
The absolute gall to use the phrase “wife changing money” for the third or fourth time at around the hour 35 mark without explaining what it means and then beginning the next sentence with “sharp eared listeners may have heard me say ‘dividends’ in there”
And hiding the actual reveal of it to the last ten minutes of the video
Do you have a goldfish attention span/intelligence? Also that's your grievance with the video? The 'absolute gall' to say something that you just didn't understand? Are one of the said 'apes'?
Also the actual quote he said dividends and why it's hilarious that these idiots think those magic dividends will somehow fund their lives and family's lives for ages to come. Are you genuinely stupid? I'm surprised you made it an hour and a half in, my guess is you just clicked on that section of the video and just watched 2min then called it a day
@@SxTxferlife buddy, I have no grievance with this video, I’ve watched it like 4 times - Dan has gone on record saying he deliberately used before explaining a bunch of ape vocabulary with the express purpose of making you think you maybe just misheard. Following up another use of that technique with “sharp eared listeners might have heard me say ‘dividends’” is so brazen that I’m sure Dan was chuckling to himself when he wrote it, and I wanted to draw attention to it because I think it’s really clever and I haven’t heard anyone mention it
@@SxTxferlife dude the only person here who's mad is you. they're pointing out that it's a funny joke.
"Apes are shadow boxing the random noise of the stock market -- and losing" is the best summary of the past 3 years that I have ever heard.
I think that's my favorite Folding Ideas line ever, and I've been around awhile.
Damn, the random noise of the stock market got hands.
@@mac4974my favorite is "alien goth furry oc" from the wall review review
@@Russian_engineer_bmstu From the same video is probably the line that I quote the most with my friends: "Cringe. There's no other word for it. this makes me cringe. It's embarrassing."
@@Russian_engineer_bmstu that's "steam punk edgelord furry ocs" and "alien big titty goth girlfriend" - two different quotes from that video smashed together
if someone asked me to imagine the worst, least functional government possible, I think "plutocracy, but it's run by runescape players" would probably be in the top 5
Oh, so you've seen his Decentraland Video?
@@XanthinZardahow could you say the "We held a vote on whether or not politics are allowed in our governance system and decided that politics will not be allowed unless a future democratic vote decrees that they will be." Guys wouldn't be competent at running the entire world!!!?
anything to make Flute Salad the national anthem
@@luxill0si want you to write me a detailed essay on the impacts of american interventionism in other countries, then get back to me on whatever it is you think venezuela did wrong.
Amusingly, this already exists, and it's called Runescape. Old School Runescape has a polling system where a supermajority of members have to vote to approve of any change prior to it being implemented, ostensibly to keep the trust of the playerbase and prevent another exodus like the one that happened after the extremely unpopular free trade removal, Evolution of Combat, and Squeal of Fortune updates.
In practice, it mostly gets used as a way for people who have spent hundreds or thousands of hours on the game to prevent anyone from ever getting a level or item without having to go through just as bad of a grind as they did, or a way for the PvE and PvP communities to work out their beef via downvoting each others' updates.
I've rewatched this video several times now, and I'm still struck by the casual cruelty of "wife-changing money"
i think about that phrase a lot too
@@BARMN89 I've come to this video back a lot and there are a few sentences and situations I'm just completely baffled could manifest itself in the real world I'm inhabiting
@@vau_st its wild too when you consider incel culture is convinced women do this exact same thing for the same reasons? That women only use men for their money. To think they would be self selecting "yes, i want to validate this negative view of women" is wild
@@BARMN89 Remember the cross-section of eugenics and biological essentialism in incel cultures. They don't consider that not validating that stereotype is even an option, it's a fact of the universe: women bad.
I'm still wondering if the meaning is "I will get a different wife" or "my wife's attitude will change" because I can't tell which is worse.
Attitude sounds better at first until you realize it's about a gambling addiction / sunk cost fallacy cult.
I once had a student who insisted he had a better system to do math than algebra, calculus and trig. His “system” completely misunderstood how numbers fundamentally worked. He made up his own terms for concepts that didn’t exist and missed how numbers connected to reality. His entire “system” became a justification for why he was actually right when he just didn’t get math, and any attempt to explain to him why he was wrong was instantly met with a shutdown of the conversation.
This is that but stonks.
I don’t know if this would be more wild if you’re talking about a high schooler or a college student
That friend? Terrence Howard.
@@auzpayeur8229 i assumed college due to calculus
@@kakroom3407 yeah but that means this guy got into a *college level math class* and was *still* like this
@@kakroom3407eh, my high school had calculus as an option. Mostly seniors who intended to go into computer science in college
Something that Dan is understating here is just how fucking out of hand these people got over this. The guy asking the gamestop employee about the bed bath merger, Kais Maalej, aggressively trespassed, doxxed, and stalked his way into tons of extremely disturbing situations, including impersonating Ryan Cohen in a call to his family's OBGYN to sus out the due date of his unborn child.
@@GSDKXVmy brother in Christ can you at least admit that Kais' behavior on a personal level is fucking inexcusable. Forget the stocks for a second. He tried to impersonate someone to get information about his wife's pregnancy.
Edit: lol, dude deleted his reply here to spread his nonsense in other comment chains. Coward.
@@aethertag1530 No behavior is truly inexcusable when salvation is on the line. Kxv is frankly the truest believer I’d seen in all of my life.
I mean, he _is_ insane. But he definitely is a true believer.
Wtf did I just read
For context, he did this because Ryan Cohen tweeted a "The last time people were excited to see me" meme with a photo of an ultrasound. Kais interpreted this as a hint that the GME-BBBY merger would happen on the DOB of Cohen's kid, hence the call.
@@TerminatorHIX wtf did I just read x2
Structuring the entire essay just to make a "Chapter 11: Bankcuptcy" joke is an absolutely incredible flex
He stole that from jawsh's video about kais maleej
@@DEVOTIO33doubt he knows who that is. Who is that?
@@diskgrinderA guy talking about crypto games.
@@AlexaRobin21 Critically, to be clear before anyone loses thsir mind
JFC.
You wanna know the biggest mistake the hedgies made? They messed with knitters. KNITTERS. The same people who will sit in a rocking chair for HOURS ON END looping FABRIC with NEEDLES just to watch a SCARF FOR A FRIEND get SLIGHTLY LONGER, only stopping to SIP TEA or occasionally GENTLY PET A CAT. WE WILL NEVER BACK DOWN!!!!!
😂
Hang this on my wall, I love it
Blue hair army MF3rs. FAFO !
You joke but the International Olympic Committee did mess with the knitters and it did go extremely badly for them. Don't mess with people with time on their hands and infinite patience!
My personal observation about knitting is that apparently involves a lot of math and all the people who do it suck at math and hate it and will always complain about it. That's probably not true in general but just in my personal experience and I find it funny because I'm really good at math and love it so those people are always like "you should try knitting!".
Y’know, I think the saddest thing about this whole mess is that these people don’t understand that even if they were 100% right (which they’re not), even if every single element fell into place just like they want, that the monied interests wouldn’t just play along. If something like the MOASS were to happen, they would freeze the markets, legislation would occur, the courts would go to work, and the status quo would be maintained. Capital doesn’t fight fair.
That is the most hilarious part to me, that these people think the US government would write them a check for 50 trillion dollars, and that somehow that money would be worth something afterwards
@@GSDKXV Keep telling yourself that.
@@GSDKXVdude you've been in the comments for five MONTHS. take some time off, even if you are a troll.
@@GSDKXVcapitalism is the problem, the solution isn't funneling more money into the hands of capital.
@@GSDKXVeven if youre right, which you arent, they would not give you the money. at best they would legislate to prevent any wealth transfer and at worst you and anyone else trying to recruit more shmucks would be imprisoned for market manipulation
fun easter egg: at the start of Line Goes Up dan uses an analogy comparing the banks of the '08 crash to rotten trees so big that when they fell they'd take all their neighbors with them
at the start of this video, he is filming standing in front of a dead tree fallen over in an empty field lol
Ooh, good catch! Ive watched these like once a month since they came out and never noticed that, very clever!
My god…
Give Dan Olson an Oscar
deep lore (like roots)
oh yea thats a really good catch! I never thought of him standing in front of the dead tree in the beginning with any symbolic meanings
And, in a lot of ways, its absolutely true. The dead trees of 2008 are STILL wrecking havoc on the world we live in. Still "thrashing" our economy as a whole.
Apes are a good example of this.
Everything goes back to 08 (really if you think about it, everything goes back to Reagan but I digress)
Dan seems to run on a pretty much exactly 3 way split between, "hey look at this interesting sociological trend", "I really genuinely want to help financially venerable people avoid scams" and "Bullying grifters is enormously fun".
and i love the ride that balance creates ^^
I'm cheerfully enjoying this mixture
While I enjoy his recent stuffs, I do wish he make movie analysis again. It's been a while. Last one was 2 years ago.
The finance-bro comedy skits are hilarious!
@@bota6575same honestly. Part of me kinda hopes that he'll make a video on AI art or something that way he can talk about media stuff and tech hype stuff at the same time.
The phrase "wife changing money" is costing me years off of my life. Everything is monetizable and transactional to these people. Nothing is real.
It seems like they're talking about the money they'd need to divorce their current wife, then attract and marry a trophy wife. These are two acts that are individually normal in our current society, which either makes the MOASS folks less bad or society's relationship to traditional marriage worse, depending on your perspective.
And here I thought I misheard, holy crap.
@@JJ-qo7th Same. It took me until it was in text on the screen for me to realise "No, they really are saying that."
Wait I thought they meant wife changing as in "my wife will change their mind about my investments being stupid once I get rich". Are they referring to actually divorcing their wives and finding someone else?
Urban dictionary seems to agree with me.
"I work for the company and I can tell you" bro being an Amazon delivery driver doesn't make you an expert on their stock 😂😂
That one infuriated me: 1. Because what he's saying is pure nonsense to such a degree that I don't think he understands even super basic finance stuff, and 2. I work security for Amazon and I can tell you that every single person who works there is in the running for dumbest motherfucker on the planet.
Im a data scientist at publicly traded companies and the stock is a total mystery to me. The number of people with actual inside information that can affect the stock beyond a 48 hour period can literally be counted on one hand.
@@fredsmith3117 Yup. No additional comment, just... yup.
I'm kinda stealing this from a Mitch Hedberg joke but it's like saying "I know everything there is to know about cow farming, I cooked hamburgers for years"
@@emptiester
This is it. If you did have insider information, you would be legally banned from discussing it.
I'm so grateful for this. I've been questioning my own sanity for the past 3 years witnessing my husband fall down this rabbit hole. I appreciate that the documentary mentions the gambling aspects and how it affects the ape's family and spouses. 😔
I'm sorry you have to go through something like that. I hope he is or has gotten help for his addiction or at least gotten out of the conspiracy, and if not that you leave him for your safety.
Im so sorry, I hope you and or your husband find some help.
I hope he can find a way out. This is just a selfmade señffulfilling tragedy based on primal fears
@@maskingtables wtf are you talking about? 😂 This is an INVESTMENT based on data found in the balance sheet.
I am so sorry. If he believes the 'wife changing money' part you should at least consider what could happen in your relationship. Please take care of yourself. Even if he's a nice man, nothing is worth your mental health and self esteem
Honestly, the funniest thing about these financial conspiracies is that they assume that once their apocalyptic vision starts coming true that governments wouldn’t just pass some emergency resolution saying “no, fuck you the companies win”
Like, they looked at 2008 and think “oh yeah, we’ll get ‘em next time”
To the extent that the entire global economy would be devastated and millions would suffer and die. That's what they expect to happen. That the entirely of worldwide finance is going to crash and burn, and only they will come out on top. They believe that's what'll happen and no one will step in and stop it. Why? Because that's what they consider to be "fair." They get to rule the world for investing in a company that sells video games.
Imagine having that view of the world.
@@brettpgh3312 And imagine, that not only that, not only do they get their crash, but more to the point that they expect people to call them new kings of The White Rome (because come on, it isn't a reach), and kiss their stock certificate...
...In spite of the fact that the very backing institutions that would have given that stock any value would have vanished in the ensuing chaos.
Yes, they think because we saw what they did the first time (buy button) they can't do it again.
@@brettpgh3312 they sound like severely narcissistic monsters who don’t value lives...
"you win this round, Wall Street! But we will win the war!!"
At first I assumed that wife-changing money was me mishearing something, then Dan having a funny pronounciation. When I finally saw that "wife-changing money" was a term they actually used I just felt an emptiness inside me and deep secondhand embarassment.
Why would they say this? I just don't get it
@@BlancheNeigefandan explains it a bit. They lie and financially endanger their partners so reasonably their partners probably ask reasonable questions like how are you gonna pay for all of theese shares or the real life stuff you cant afford cause all your money is in gme. So they are resentful that their partners "dont believe in them." So they fantasize about being rich enough to attract a gold digger that doesnt ask questions.
@@BlancheNeigefan because when they become gorillianaires they can afford to get rid of the average wife they hate and get a model trophy wife. Completely delusional and narcissistic
Fwiw I didn't even realize he was saying it before the reveal until my second watch
@BlancheNeigefan because there is at least some overlap/intersection with incel culture. The idea here is that whatever kind of partner you currently have, you could have had a better one had you had more money. Ergo, when you get that more money you can, and will, "upgrade".
The cybertruck line has aged like the finest wine
funny how many cybertruck owners don't realize you need to use alchol or gasoline to clean it and have rusted the cybertruck. car washes can also brick it
Seems like the perfect car for them tbh 😂
And now I'm thinking Tesla stock is just another meme stock
@@ronnickels5193 not meme, just overvalued, speculative.
@@KissatenYoba I heard it described as an automotive company priced as a tech company
2:04:50 I love how "don't put all your eggs in one basket" gets interpreted by apes as "put all your eggs in one basket, plus this second basket which we believe will soon merge with the first basket, thereby becoming the same, singular basket. With all your eggs in it."
For a group that claims to be good at interpreting secret messages, they are just consistently, astonishingly bad at reading the plaintext.
There is no plaintext mannn
It's all S U B T E X T
That's because the plaintext isn't telling them what they want to hear. If they took the text at face-value, it basically reveals that they a) have no idea what they're talking about, b) all of their theories and delusions are wrong and c) they are wasting all their time and money on a fantasy get-rich-quick scheme that would ultimately lead them to ruin.
The only reason that secret messages 'exist' because it's easier to believe that there's a hidden truth than it is to admit that you don't understand and/or you've been played for a sucker.
The line can only go up.
Even if the apes were right about literally everything and the MOASS arrived, their only reward would be a knife in the back as the rules magically changed in front of them, and there would be nothing they could do to stop it. For all of their baking and theorycrafting, they've already agreed to play someone else's game on someone else's field.
Even if they truly have figured out how to hack the system, they're still forgetting the most important truth: the house always wins.
For me, the amazing thing is the conclusion that if a hypothetical collapse of the economy were to happen, old economy value would have any kind of value in the new economy, and they would get any kind of "compensation" for it
@@wydx120some apes realize this and have crafted different theories around how the new economy would be structured around GME ownership. Which is hilarious to think about
(Drums and trumpet fanfare)
How lucky can one guy be (trumpets)
I kissed her and she kissed me (trumpets)
Like the fella once said
"Ain't that a kick in the head?"
(Trumpets)
@@GSDKXVBro you guys are just funny. Its as simple as that
They fail to realize that at the end of the day, systems are controlled by people and the banker is not an NPC that will let you use an infinite money exploit in front of him. Like if they are right and don't get disappeared by some mercenaries and they also don't get told "oh, you found a hedge fund was doing something illegal, guess we shut them down and then gamestop goes bankrupt because their value was all smoke" by a judge then their infinite money will end up being rejected by basically all of society, as the wealthy don't want to be beaten at their own game and everyone else won't suddenly bow down to a bunch of self-obsessed redditors who think they should rule the world. Like even if they managed to take control of the world economy, they don't have the social control to make everyone play along.
"The US government still has an obligation to compensate the redditors for their losses," is such an absolutely hilarious sentence out-of-context.
It's equally ridiculous in context too
It's also hilarious in context
Pelosi: "My entire portfolio is in shambles. I'm broke!"
McConnell: "Well that may be but we have a duty to make these Apes whole!"
And that's how Republicans and Democrats came together to beknight the Apes as lords of our new benevolent economy, children.
Haha, I was gonna say, pretty hilarious in context, too.@@igormaka
The US government WILL submit to the demands of redditors
Lmao
I feel like DFV is the most likeable in this story: has a sound theory that seems to go south in the worst way possible, sticks to his guns until the price goes sky-high for completely unrelated reasons, cashes out, leaves the community to raise his children. You have to respect that.
He comes off as a perfectly fine fellow throughout.
I also like the thicc one with glasses.
He left the community because he ran a pump and dump and if he kept running his mouth he'd come under scrutiny from law enforcement, nothing more.
@@dr.professor5229 you sound exactly like the cult members in the video; understanding one thing about markets and pigeon holing everything into it. what YOURE saying is libelous. YOURE the reason DFV cant be in the public sphere. YOU. not fucking law enforcement.
I respect the fact that he recongised that the community was getting out of control and decided to duck out early. He could have easily embraced it and become a grifter like Ryan Cohen did, like so many community members have.
I still think my favorite part about this MOASS conspiracy is that, even if they managed to get the share price to hundreds of millions of dollars, and even if they were able to get all of the money they were then theoretically owed without legal consequences, the value of the money they'd receive would be functionally worthless due to the apocalyptic amount of inflation necessary to produce that amount of money. So not only is the likelihood of the outcome they look for basically impossible, but if it did somehow work they'd still be screwed.
They'd still collapse the economy though. They just wouldn't be the philosopher kings of the new world order
I think some of them were, indeed, short-sighted, but a good deal of the reasoning was less about gain, but the opposite, about sacrifice. Like people who believe the only way to revolution is to kill and die your way out of the status quo, these shills probably DEEPLY believe their literal economial death is worth destroying the capital status.
Still short-sighted, though. I can't say I don't get it, because I do (I am more or less punkish and maybe anarchist in SOME aspects), but the status quo is hard to break even in the event of wars because it requires a lot of forethought and planning to effectively patch the holes. And we DO NOT have anything better than monarchies, communism, capitalism or anarchism. We only have human systems with human flaws that will always fail.
“The value of the money is functionally worthless” it’s almost as if the concept of an amount of stuff doesn’t have an objective worth outside of “our wet little meat brains know what 1 and 10 and 0 are intuitively, and unlike other animals who just know how to use math tangibly to do animal stuff, we’re sapient and can abstract math into theory and experiment.
The human experience is a species that can compose formulas that express the ways reality builds itself got so absolutely fucked up over “one” “one what” “yes”
@@LucifersfursonaHave you ever even taken an economics class?
@@Hypogean7 I mean that's basically just a very crude version of the subjective theory of value
"WE will have infinite money" and "you can't save everyone from a 9-5 job" are really perplexing thoughts to have in the same sentence as "we will collapse the world economy."
"We" in this case doesn't mean the proletariat.
It means "we the speculators." (Of Crypto, NFTs or third thing)
They expect the masses to suffer while they will ascend into Yacht Heaven.
It makes sense when you remember that neoliberal, corporate capitalism is just a _given_ to these people. The core assumptions of the system are not questioned at all. That’s what makes this so sad.
It's strangely befitting of a cult mentality
@@Arrakiz666 I mean that's the distinction between them and actual revolutionaries, they don't want to fix the rigged system, they just want to win.
Turns out they'd just as greedy as the corporations and governments they hate, given the chance.
That gamer section was so sad. I cannot stress this enough: Video games are DESIGNED to let you win (regardless of how difficult that win was). Real life? Not at all.
Even worse - there’s a specific goal in games that definitely MEANS winning.
Life doesn’t really have an END, much less a WINNING END (in the sense of how life as a collective experience, doesn’t have an end - even as individuals die, more individuals are born, etc)
@@phastinemoon I mean, yes, but it could be argued that Jeff Bezos has won capitalism in a very real sense. He has managed to set up a system where he can essentially levy taxes on other party's transactions. A huge part of the retail industry is basically paying rent to him which is absolutely insane.
THIS! So much this.
@@CC3GROUNDZERO yes, he 'won' a single arbitrary system which grants him a cheat code to many other systems (money), but in the end, he still has a good several decades to figure out if that was enough. Just knowing the fact he's a billionare is going to tell me that it's probably not enough.
It's a bit semantic but rather than designed to "let" you win, I'd say that they're designed to be winnable. Or even if there's no "win" there's a goal that can be completed by at least someone, given enough skill. And ofc as you said, this does not exist in real life
No matter how many times I watch, that clip of "we tried to tell them over dinner... WHATEVER" still feels right out of a movie. It's such an exposed psyche moment 😭
The little chuckle afterwards when he realizes all the face paint in the world can't hide that level of mask slip
Timestamp?
1:48:35 is the timestamp
The superstonks subreddit tried to "debunk" this video and it was just a list of really unconvincing character assassination attempts against Dan and pedantry about specific word definitions, there was no attempt to address the core of any points or arguements that were raised in this video.
@@GSDKXVThe loudest echo in the chamber, get a life man
@@KrankuSama It's either a bot, or TRUE BELIEVER. Same level of thinking however.
@@KrankuSama I think he really, desperately needs the attention he gets from these replies. My guess is that the people in his life largely stopped talking to him when he fell down the ape rabbit hole.
@@GSDKXV WW2 is one of the top wars of all time, doesn't mean it was a good thing
@@GSDKXV I am once again asking if you have anyone in your life, anyone at all, who you can talk to? Like I'm actually scared you've gotten so sucked into the cult you've isolated yourself and you don't have any positive real world influences to keep you grounded.
I hope there's someone out there who is worried about you and will eventually try and get you in touch with like, a cult victim support group, because I genuinely think you might need it.
The congressional hearing bit at 1:10:11 is chilling. My first thought was 'Huh, Keith is referencing ape terminology and memes, even under oath before congress. Maybe he really was part of this movement.'
Then I realized I had it backwards. He wasn't referencing ape stuff, every word of this testimony was picked apart and adopted by the apes afterwards. This one brief clip spawned multiple in-jokes/shibboleths/signifiers that still persist today, this testimony is something of a holy scripture.
I think he made the right choice to disappear from the internet. Being a cult leader comes with severe occupational hazards.
You said "being a cult leader comes with severe occupational hazards" and now I kind of want to see OSHA guidelines for being a cult leader.
"What YOU need to know to run your cult safely!"
This isn't entirely the case. I was an onlooker to these communities at the time (luckily I had no spare money to invest or I would probably have lost it) and I can say phrases like "I like the stock" were already existing memes in the community. He was aware of the audience he had and played to them quite well.
Being a _reluctant_ cult leader gets you thrown into the volcano.
@@tevanchinsangaram6467 "I like the stock" is also an extremely generic phrase and taking it as "ape terminology" is talking about conspiracies a little bit too ironically.
I almost never hear that phrase outside of ape circles, where it has become a mantra.
I worked at GameStop and had guys coming in asking about a merger with bed bath and beyond. Crazy to finally have context for that conversation
lowkey scary to have to deal with these cult members in person lmao
@@JM_-ix7yh haha yeah I hear that. What you have to understand is that conspiracy theorists are just people who believe a crackpot scheme. They wanted it to be true so they came into the store to get evidence. I doubt I convinced them, but who knows?
@@Blakbox92 you know? That's a great question lmfao
Honestly, that was one of the worse jobs I've ever had, not in small part because of people like that. It's not hard to imagine that they had an argument with someone about their 'investment' and came to the store to get some reassurance. When I said "lol nope" to them I doubt it helped them feel better about their spending habits.
I just hope that I don't hear about Ape holdouts in 10 years talking about FUD and how there used to be a GameStop in this town.
@@Blakbox92obviously the ceo personally told the employees about the merger and to only tell the real info to the shareholders. The apes have cracked the code again!!
@@Blakbox92They’re not exactly in touch with reality
My personal favorite part of their fundamental thesis is: "the big bad system that is apparently ignoring every rule in the book (to a cartoonish degree) to screw over 'the little guy' will just give up and give us every single dollar in the entire global economy". And why? Because "thats just how it works"
Well, yeah, those people are in fact fae creatures and must comply when bested at their game! They also must give you their gold if you answer their riddles and/or find it at the end of the rainbow.
This is sarcasm.
@@Veelofarthis is a good comment
I should go look up if Apes have an answer to this, actually I probably shouldn't. But I am curious, it's been years, surely someone has asked 'so what stops the government from just killing us if it gets that far?' That person was probably banned 12 seconds later for FUD, but I'm devilishly curious to know what the answer would be.
Brain dead take. Surprising from a bear. The buy button was turned off because the retail investor found an exploit to their corrupt scheme of illegal naked short selling. If you DRS GME and refuse to sell, then those short sellers no longer can use those shares to close out their positions. And according to the quarterly report, we’re already 75+ million shares on the way there.
@@GSDKXVtwo companies paused buying due to liquidity issues, but people could absolutely still buy GME from literally anywhere else. The 'turned off the buy button' narrative only works if you pretend that they paused buying of GME across the entire stock market, which is just ludicrous. Apes were simply inexperienced and/or incompetent enough to be stopped by one single hurdle.
And Apes have only managed to DRS maybe a quarter of all shares, so.....
This whole affair is basically that moment from Glass Onion
Apes: "So dumb, it's brilliant!"
Dan: "NO! It's just dumb!"
@@GSDKXVCohen has decreased losses by slashing employee benefits and closing stores. That can't carry on forever. Their total sales are lower now than at their peak fifteen years ago when the share price was lower than what it is today. Most people buy games online, either digitally or through online retailers, and the vast majority of people purchase gaming peripherals from places like Amazon. Cohen dumped millions into revitalization efforts, but those plans failed. He brought in a team of experts to right the ship, all of whom are gone now. The trend over the last three years has been down, and it's clear to everyone who isn't drenched in Ape nonsense that, while GameStop may manage to carry on, it is drastically overvalued. MOASS is a fantasy. Anyone who bought in at triple digits is just fucked, and frankly so is anyone who bought in over $20. You aren't who this documentary is for, you're in much too deep for that, but you are absolutely who it's about.
@@GSDKXV :>
~Hush~
@@GSDKXVhope you manage to travel to the parallel dimension where moass will happen
@@GSDKXV the validity of DRS as a way of registering shares is probably the least contentious thing about what APES advocate.
@@kevinstephenson3531 hey look another bot deflecting with nothing of substance yet again 😂 75+ million DRSed shares buddy cope and seethe
"Apes aren't anti-Wall Street, they're tsundere for Wall Street" is one of the most incredible and insightful sentences I have ever heard.
It's an Anime thing, right? What exactly does it mean?
@@baguettegott3409A tsundere is a character whose inner sweetness (usually romantic feelings) is masked behind a rude, unfriendly facade. This archetype usually shows up specifically in romance anime, or at least romance plots.
@@baguettegott3409 As noesun said. It's basically boys pulling girls' pigtails because they're too imature to say they like them.
he mispronounced it though. which invalidates his whole argument
@@mycophobia I did consider mentioning that I've never once heard it pronounced like that.
"I don't believe those government snakes, they are corrupt and don't play by the rules" and "The US government will play by these exact rules and give us billions of dollars" are fascinating beliefs to coexist in someone's head.
Massive sovereign citizen similarities in those beliefs
Video game exploit “well they gotta just hand me the keys to the castle now, no way around it” style thinking
@@pobbityboppity1110 I remember reading a story about "GM Island" in World of Warcraft(?), where the story was that if you managed to find a way over there you'd be crowned an honorary GM. Instead of, you know, suspending or banning you on the spot for hacking or otherwise exploiting to get to where you aren't supposed to be.
Like imagine sneaking backstage at a concert and the band just goes "Well, I guess you're a new member now."
@@Shadewaltz Wasn't the "sneak into the backstage at a concert; gets to play with the rest of the band" a common plot point in 80's and 90's cartoons and sitcoms? Heck! That's pretty much the climax in A Goofy Movie.
In other words; they engage with the world using cartoon logic.
Our former friend who we lost because he went HARD in the paint for conspiracy thinking would often say "I can hold two ideas in my head at once" with an imperious air that implied that our brains were somehow weaker for being "incapable" of ignoring cognitive dissonance. Not only are those two ideas contradictory, but many of them seem oddly proud of that.
The part where he asks the gamestop employee if he knows who Ryan Cohen only for the employee to say no and he becomes incredulous that he doesn't know who he is just because he is working at gamestop is terminally online syndrome.
Somehow in this ocean of nonsense and cringe, that guy stands tall as the absolute most pathetic part of it.
also proof he's never worked a retail job
@@trouty606I was genuinely scared he might try to hurt that poor employee.
Because 15 year old minimum wage employees are privy to all their employer's secrets and will be happy to tell you about any global financial conspiracies they are involved in.
@@lauriepenner350 ngl, if I was a 15 year old min wage employee and I actually did know about a global conspiracy, I 100% would off hand mention it to customers as if everyone knew it and refuse to elaborate. I think that'd be funny.
2:27:06 "No one deserves to be exploited like this. No one deserves to get shaken down by grifters to the point that they have no other choice but to become grifters themselves and shake down everyone else around them. No one deserves to have their ego and security ground down to the point that there's no escape, no reason to step back and admit defeat, no reason to reflect."
Just leaving this out so it doesn't get lost in the noise. I would pay money to put this quote on a billboard.
Bit large for a billboard, maybe good for writing down and making a phone wallpaper. Reminding you each time you open it
Honestly, one of the things I really appreciate about this video is that he’s still empathetic to these extraordinarily frustrating people.
It would go down in history as the second most important billboard ever made.
@@wildfire9280 whats the first
It's the same logic as abusers being often people who suffered abuse themselves. It's important to remember to humanize these people not because they are innocent but because we shouldn't ignore the reality that they are also victims.
“Despite its reputation, finance, as a subject, is in fact something that you, a layperson, can learn. It is a lot less impenetrable than it seems; Wall Street is awash with B-minus students who wrapped their heads around it. You can too.”
One of the most unexpectedly reassuring things I’ve heard in quite some time, and I felt pretty comfortable with my understanding of the subject already. 😂
Thanks, Dan!
It's reassuring, since it means even idiots like me can influence and control the global market. It's also horrifying, since it means that many idiots are indeed currently influencing and controlling the global market. And some of them are billionaires.
It is very important to note that, yes, while most systems you interact with on a daily basis are going to be byzantine nightmare constructs of historical laziness, absolute lack of care about people who might find it hard to use them, and pure laziness, they _can_ be navigated. Dan will be accused of trying to muddy the waters by pretending the subject matter is more complex than it is anyway.
A grating contradiction about the conspiratorially minded folks, is that the theories must simultaneously be overly complex, because only then can they pretend to be experts and dazzle those even less intelligent than them, but they also must be as simplistic as possible in order to sound realistic to the same people.
He’s got such a strong dad energy you never want the disappointed-dad vibe to be pointed at you but anytime he says anything like “you can do it” it makes you feel like your dad really believes in you
@@Arrakiz666Byzantine, Russel brand is here.
It's less about dazzling the supposedly less intelligent and more about dazzling themselves. It's how they convince themselves that they're super-experts who've cracked codes that have baffled even the actual experts. It's a delusional savior complex mixed with a hefty dose of the Dunning-Kruger effect. @@Arrakiz666
It's not a coincidence that Dan describes this movement in terms usually reserved for religious movements: e.g. "orthodoxy," "apocalyptic belief placed under cognitive strain." This reminds me of so many new religious movements yearning for a judgment day/apocalypse/armageddon.
Yeap, i see a reflection of the cult craze of the 1950-80's that stemmed from WWII and the various other wars that stressed out and caused mass underlying panic in America that caused people to flock to insane cults and accept their openly criminal and disgusting practices. Now in 2020-23, following the financial crash in 2008, the accelerating inflation of money at a pace never seen before, the entirely stagnant wages compared to pricing of healthcare, rent and food, free internet inundating people with inflammatory articles and exposing people to charismatic grifters with amoral ideologies; a new wave of panic and stress has swept over America, compounded further by the suprise attack of Covid, which has lead to 'finance cults' like NFT bros, Crypto Enthusiasts and Meme Stock Apes, which although are not physically violent like old style cults, still exploits followers and lead them to harm, now by financial and social isolation and loss.
Dan has a background in theology which shows up in a lot of his work which I think is really cool (he confirms this in his interview with Adam Connover if you need a source on that)
its because its an actual almost one to one example of a doomsday cult, longing for the day shorts are squeezed and they can be the emperors of earth, not too dissimilar really to heavens gate or jonestown
Damn, I didn't expect to find you here. Love your videos
I mean, it literally has become a financial apocalypse cult.
"It feels like we're driving backwards really fast at a wall and just before we hit it, the secret level in ready player one is going to open up and let us pass by the entire race and win" oh god no, that is incredibly sad. I can't even make a joke. I just blurted "oh no" as soon as I heard it
These guys seriously need to touch grass
When was this?
@@simonoliver4751 damn it I always put timestamps, I don't know why I didn't this time... lemme try to find it
when dan was reading it out i remember thinking "this has to be parody, no way someone would really say this, its his investor character and this is a silly sentence" and then he put the comment on screen (2:30:47 btw) and i think i said "oh my god" out loud and covered my face from the second-hand embarrassment.
Blah blah blah 75+ million DRSed shares on GameStops balance sheet 😂😂😂😂
This deprogrammed me. You are my savior Dan
Good on you for getting out.
Happy for you dude
watch the savior talk, you just got out
Be grateful for Dan, I'm certainly happy for you, but no more heroes for a while
You also did the work of listening, looking at yourself, and making the conscious decision to change.
Don’t sell yourself short (pun intended)
For anyone having trouble understanding a short sale, here is an example:
You borrow 100 shares of a stock from somebody. You must give 100 shares back to them in one month. You immediately sell their stock at the current market price of $10 per share. Now you have $1,000.
For the next month, the price of the stock goes down. At the end of the month, the stock is only worth $3. You owe that guy the 100 shares you borrowed, so you buy 100 shares at the current market value of $3 each. You spend $300 and you give that guy his 100 shares back. You profited $700 due to the stock price decreasing.
I've gone my whole life not understanding what short selling is and just resigned to thinking of it as "shady thing stock people do". This is the explanation I needed.
Thank you. Im- as the apes say- incredibly fucking smooth brained
Good explanation. What would make it complete is to explain why the owner of the stock would lend it out. In your example, the lender lost $700 in stock value. Because the lender did not possess the shares, they could not sell while the shares were losing value. Because of this risk of loss, the lender will demand to be paid fees to compensate. In the movie "The Big Short," these fees are why Burry and all the other short sellers are panicking at the climax of the movie. The fees are eating away at their portfolios, and there is no sign that any of the securities they are shorting will drop in price in time before they go broke.
also explains why those companies collapsed during the GME short. if they borrowed millions of shares at 5 bucks a pop, but then had to pay back 500 bucks per share, they'd immediately collapse. shorts seem like the surest thing if you know of the impending doom of a company, but if something like GME happens, you can lose infinite money. it's insane.
@@JohnnyAdroitAs an addition to this, one of the main reasons why they lend their stock is that the holder has a longer timeframe.
If you're holding an investment for 5 years, how do you make money in the short term? You could wait and just receive dividends (though many companies do not give dividends and instead spend that money growing).
But what if someone comes by and offers you money to borrow your stock for a month? You were holding for 5 years, so you aren't affected by a small monthly dip. Though there is an issue if the stock plummets, that is pretty unlikely.
"I'm smarter than everyone else and therefore can game the system" and "Everyone already agrees with me on this because this stuff is just common sense" is a WILD pair of things to believe simultaneously.
The cultic milieu is fully submerged in cognitive dissonance 💀
This comment has just singlehandedly changed the way I think about conspiracy theories, so congrats for that
somehow "I'm actually dumb as rocks and need someone to explain to me what i should be doing with my money next" seems to be mixed in there as well ...
It falls perfectly in line with the conspiratorial mindset of "if you can't find any proof to support the theory, that's proof that it's actually true."
Tbf, usually it's more along the lines of "Everyone *reasonable* already agrees with me on this because it's common sense", which lets them readily discard anyone who doesn't agree as unimportant.
I never knew the "this is not financial advice" meme was an attempt to cover one's ass in the event of being accused of market manipulation, I thought it was in case someone took your shitty advice, lost all their money, then tried to sue you for influencing them lol
It's probably for that too.
@@raven_g6667 lil column A, lil column B
Is influencing someone to be a dumbass that does not benefit me instantly even illegal?
Or both.
@@ashutoshsethi6150 Well, they own a position in what they are trying to convince you to buy and are absolutely willing to lie and hide crucial information so I could definitely see them being stuck with legal liability regardless of their "This is not financial advice" cliche.
The guys near the start bragging about their MMORPG grinding capabilities absolutely break my heart. These people have invested so much of their identity in video games, they honestly think that's how real life works, too: just keep plugging away at the same pointless task until you're inevitably rewarded. Nobody told them - or they refused to hear - that at its best, capitalism rewards *useful* work, and at its worst, it screws over the little guy. It's desperately sad.
Another commenter I read said something like "They forgot that games are designed to be winnable" that's really the point missed by these people. The stock market is a gamble, but it's not a game in the sense that there will be a designated winner, or that you can simply brute force your way to it. You can beat an MMO if given enough time, but even if you sink your entire net worth into stocks there's zero guarantee you'll make any profit on it.
Also, something I don't see pointed out often enough: do they think other people don't also grind away at things? Do they not think of football players spending hours in the gym and practice field, artists practicing character studies, writers churning out chapter after chapter... at all? And the interesting thing is all the other people are grinding away to *improve* - they do it to practice, to explore new things, and train their real-life skills. But grinding a game is by nature repetitive and not improving anything but a number on a screen.
If anything, video game players should be the *worst* group for grinding away at a real-life goal.
The grind concept goes back before video games. It was used most commonly in the ghetto.
@@trouty606That's literally not how MMOs work though. Beating an MMO is already a dubious concept as is but even given infinite time you're not going to beat the endgame using time alone. If you're simply worse than your opponents you lose whilst they win.
the sadder thing is, they keep bragging about how they keep grinding no matter what just for trivial gains. which is, you know, a behavior that a lot of games exploit for profit.
like you just admitted to have the mentality that Genshin Impact uses as their main source of revenue. don't brag about it too hard.
I can't believe Dan made a 2.5 hour documentary just so his Vegas trip could be tax deductible.
He's gaming the system.
@@rabidfirefox8914truly, the IRS lost its fight with gamers
Just as wild as that time he made a nearly 2 hour documentary to advertise his modern mario houses.
Based Dan. Extremely based. He's gonna make it.
@@edgarallenhoe3518 dont forget he also made a 75 minute "documentary" that turns out to just be an ad for his hit book Stoicism for Pussies
I like how Keith Gill's videos just show this soft-spoken, educated, respectful guy, who just agreed that a single stock was undervalued. Just the most agreeable, sensible person in the entire video, and yet these absolute lunatics think he's their cult leader.
Failing upward i guess 😅
@@SammaS423I don’t think being worshipped by lunatics disconnected from reality counts as “upwards”. And I think Keith would agree given how he handled that.
Real-life Life of Brian shit
The guy gave a pretty convincing and respectable speech in front of Congress, those damn dirty apes didn’t deserve him and frankly are slandering him by association lol
I must be so *strange* to find yourself in that position; where a load of unstable people are picking apart everything you say for clues.
We did it guys! the stock reached $50! That's only 0% of infinity. We're gonna be rich!
And it's coming back down already. Those morons bought MORE after it spiked because they thought it was MOASS. So this spike only lost them even more money in the long run 😂🤣
Worst investors in the history of the stock market
much faster bubble burst than anyone could have seen coming
If we hold, then short sellers can’t close
@@alexpope1984 so true I’m still holding my 100 shares sad I don’t jump off at 80 but fuck it let’s see what’s happens
500 million is just around the corner 😂
Damn dude y'all produced the hell out of this! Let me go get some popcorn.
Edit: Oh no. I thought "wife changing money" was just a flub the first time it was said, but...it's something they actually say, isn't it? Please tell me it's not. It's not, is it?
Edit 2: Oh no.
I like to think that this was Dan's internal monologue the whole time he was researching this vid.
This is the darkest timeline.
They’re right, once their wives see how much they’ve lost they’ll dip
I would just like to credit you on the comedy of how you paced your response in the edits.
(I apparently did the same in my running commentary when watching Good Omens, Season 2, Episode 6)
dude listening to quotes from these ape guys and learning about their weird nonsense feels like getting exposited to by a metal gear solid villain that has no idea what the grand scheme actually is. like i'm on my knees handcuffed, i've been captured after infiltrating their base trying to figure out what the hell MOASS is and then the boss gives me a thirty minute cutscene telling me the history of bed bath and beyond complete with live acted fmvs and slideshows of arrows going up and down, only to then be told that all stocks in the world are being controlled by semi-sentient AIs and that war must be declared on the concept of money by buying the worst shares imaginable.
Yeah, then years later you figure out the DARPA chief was a guy in disguise, and not that black guy cause they accidently killed him earlier.
Don't show this to Hideo Kojima... because he'll be SO mad he doesn't have the rights to Metal Gear and can't have Snake go through an adventure just like this
@@goranisacson2502 "You shouldve done your Due Diligence, Snake. Now... BEHOLD! THE STOCKS OF THE PATRIOTS! YOUR SHARES ARE NO LONGER YOUR OWN!" -Liquid Apesalot, Metal Gear Solid 7 The Shares of Liberty
I will mail this directly to kojima's house, he will be so cheesed that he missed this opportunity.
Perhaps on Shadow MOASS Island?
@DizzyIM -- You summed this bizarre experience up pretty well.
The whole "the hedgies picked a fight with gamers but we know what it's like to grind for a boss fight so we're gonna come out on top actually" thing makes me think of the sort of "ummmmm I watch Sherlock, I know how to hide a dead body, say your frickin prayers" posts that you used to see on Tumblr circa 2012, which is very funny to me because guaranteed apes would call those kinds of posts cringe (at best)
"We have been trained for years by an industry that perfected the art of making us feel special and capable! Fear us!"
literally made the exact same connection to the sherlock/supernatural tumblr fandom when i hit that part of the video. insular conspiratorial online communities will always converge on the same apotheosis of cringe.
At least the Sherlock fans didn't gamble their life savings away on smoke.
At least I hope they didn't .
There's an echo of GamerGate which runs through all the delusional Ape rhetoric about the establishment "picking fights with gamers." The rabbit hole goes deep on this.
They targeted gamers.
*_Gamers._*
Seeing so many people be deprogrammed from the MOASS conspiracy theory in this chat is awesome
It's fascinating to me that Gill's theory ended up being completely wrong, through no fault of his own, but that his investment plan ended up being incredibly right, through no merit of his own either. His plans were disrupted twice by once-in-a-lifetime events and it ended up panning out well in the end. Incredible.
How exactly was his theory about GameStop being undervalued wrong? There's a difference between that being true, and GameStop now being overvalued. (I do get what you mean by the plan being right without his work, because the apes basically did the work, especially in pushing it to insane levels.)
@@luv4hutch His theory was basically GS is undervalued because GS always gets a revenue bump on console generations, and people are too pessimistic about physical media.
The pandemic put that theory to an end. Without the pandemic, it may have proven to be right or wrong. But in our reality, the pandemic ensured that there was no GS bump because of next-gen consoles. His theory about the future was wrong.
GS did in fact go up in price, but for *none* of the reasons he said it would. He got the right answer, but used the wrong reasoning.
Saying "he was wrong because COVID" is a mere technicality. His theory was actually pretty sound, especially because I personally prefer physical media, for example. And there was great reason to think there would be a bump, even WITH COVID, because the trend was very strong and reasonable. (How were we to know that corporate America didn't upgrade the supply chain for decades and just let it rot?) Especially because things that year were only as bad as they were because of Trump. A Hillary presidency would've been very different.
Let's also not forget that he only predicted a very modest bump, which did fit the true value, not the absurd runup, which he, like you said, had nothing to do with. Or how it's overvalued despite being roughly that same price due to a split-adjustment. So, I would basically say he was right overall, but that he of course got distorted to bejeezus and back by the apes. None of that is his fault.
Dan certainly has it right in saying that "fundamentals" and "market value" don't matter as much, as invariably correct, as people like to pretend. After all, you can have a very valid analysis saying Disney is overvalued, and an analysis just as valid saying it's undervalued. "Figures lie, liars figure," after all. @@GeneralBolas
@@luv4hutchI think you should reread the OP
supply chain issues were very, very, very well known before the pandemic, this wasn't some sort of open secret. It wasn't on the front page of reddit, but if you worked for a company that made anything, or were INVESTING in a company that made or sold anything, then it was something you knew. That's the basis of due-diligence, and he was missing a good chunk @@luv4hutch
Watching three adults hear "more than majority voting" and talk themselves into "more than issued voting" is one of the most distressing things I've ever seen, just sheer mental desperation to not have wasted their time and money to such a degree that they'll convince themselves that something they heard literally seconds ago was actually something else.
I want to make sure I'm understanding, they basically heard "more than 50% voting shares present for this vote" and thought/dreamed it meant "there's more than all possible voting shares present"?
@@SashaMinkh Not only that, but a few seconds later they had convinced themselves that they had LITERALLY heard the words "more than issued voting".
That one hurt. "Sweet summer children, WHERE DID YOU THINK THE WORD MAJORITY CAME FROM IN THIS CONVERSATION IF YOU DON'T BELIEVE IT WAS THE WORD USED!!!"
Imagine, being so mentally NPC that even your magical thinking is about mundane and boring things, which can lead to contrived and boring "end of the world as we know it" result. World of Bobby only he dreams about stonks.
Not as bad as some of the other stuff, like the recent BBBY shares being cancelled post-bankruptcy has apes like "It says share CANCELLATION, not DELETION, that's different somehow!"
Finding out that "wife-changing money" wasn't just a funny pronounciation Dan was doing for the past 2 hours was genuinely the most devastating plot twist I've experienced in years. How are these people real
Nowadays I'm not surprised by anything, young people are in depressing positions at an era where everything's rapidly changing. Lots of people are gonna do crazy things...
It's not? Damn
@@zaidlacksalastname4905 spoilers for two hours in, the phrase "wife changing money" is real and refers to how much they resent their spouses, often lying or obfuscating what their investment actually is worth and how much of the shared account they threw away. it's hard to tell, but either the phrase implies that the money will change their spouse's mind, or it will allow them to divorce their current spouse and marry a trophy wife
I held on to my faith in humanity for 2h and told myself I must be mishearing him. G u e s s n o t.
+
Now, I do feel silly for outing myself as a member of the GME movement, BUT I feel compelled to comment.
Since, like you say, many of the MOASS elements are true (wall street is greedy, naked short selling does hurt companies, financial regulation is lacking etc.), the lure of wealth on top of that makes you blind to the contradictions, especially when you have very little understanding to begin with.
All of this is impossible to debunk from the outside, so thank you for going down the rabbit hole and pulling me (and others) out with you.
I invested over the course of a year and a half and will sell the shares I currently hold (losing amounts, thankfully, that I could afford to lose).
I did also bring my siblings into this, which I regret somewhat. To the best of my knowledge, they didn't invest any larger amounts either, though.
I will talk to them later today.
Thank you again for this de-programming experience. I subscribed to your channel.
Yeah, the most insidious conspiracies are ones that have some individual elements that aren't wrong. "Wall Street is super greedy and there's not enough regulation" is just demonstrably true. But then it uses those elements to lead to foolish conclusions, like the oddness of "So hold onto these Gamestop stocks and eventually it will lead to unlimited profit"
Good on you for getting out.
Good luck to you!
It makes me very happy to see this comment, hope you can spread the word and good luck!
That’s really cool of you for bothering to listen, dude. It can be really difficult to bother giving consideration to opposing viewpoints sometimes, I know I have trouble with it.
especially when they’re presented as flatly as this was
I don't get most of the financial things BUT THE APES ANALYSING THE BELT BUCKLE FOR SECRET MESSAGES IS THE MOST UNHINGED THING IVE EVER HEARF
Considering these are people who are into Alternative Reality Games and deep diving into game lore, see Five Nights at Freddy's, this is pretty normal.
@@ronnickels5193 there a difference between analysing fiction for figure out lore and whatnot and analysing belt buckles for financial advice
@@ronnickels5193 yeah, but FNAF is MEANT to be pried open and scraped for clues. These are _kid's books _
@@ronnickels5193 yeah, but diving into FNAF is the point. It is designed to have lore to be examined. Not so here.
“In reality apes are shadow boxing the random noise of the market-and losing”
God I love his videos so much.
Over 70 million shares registered into the hands of individuals and a billion in cash sure does sound a lot like “losing”
@@GSDKXV yeah it is cause they're losing money
@@GSDKXV how could you possibly believe apes own 70m shares?
@@GSDKXV Funny how "over 2 billion in cash" became "over a billion in cash"
Soon it'll be "only 1 billion in debt", and then "only chapter 11 bankruptcy"
@Adam_U chapter 11? You gotta pump those numbers up, those are rookie numbers. I personally am on chapter 27 bankruptcy
I really like the "aiming for 31 in blackjack" comparison at the end. Knowing that to get that number, youd already have to be at or over 21, and still asking the dealer for more. And when the other players at the table see your hand, they all realize, "this person doesn't know the rules of this game."
Theoretically you could get to 31 by being at 20 and then getting an ace
@@idontcare6736 Nope, because if you're at 20 and you get an ace, it'd count as 1 point. Which would still land you at blackjack.
@@librenarraty1964 when people say blackjack I always think of Uno Blackjack.
My understanding of BlackJack is that you get 21 or the closest number to it that's below at the table -- any if you go OVER, that's a bust and the dealer takes your cards.
@@phastinemoon You'd be correct, that's why you almost never hit on anything over 15 because your odds of busting increases exponentially (depending on previous draws and how many decks are in play of course, but I digress). The metaphor works great because if you're trying to get a 31 in Blackjack, it means that you're an idiot who tossed away a perfectly good win for a vague 'more' that ends in you losing due to not understanding how the game actually works.
As someone who actually worked at GameStop for 2 years, I cannot describe how physically painful it is to rewatch the guy going into the store at 1:53:45... the amount of people who came in like that during that period in early 2021 was just the worst. Vivid memories of someone spending about 30 minutes in the store giving me investment advice, just the worst kinds of people you've met.
@@GSDKXVit's not dehumanization it's saying these schizophrenic weirdos are annoying
@@GSDKXV Spoken like someone who's never been held hostage by a customer who has decided to bombard you with their insanity. I say held hostage because they will be fired for asking these people to like... stop bothering them while they're working.
Your pearl clutching is pretty pathetic.
@@GSDKXV cope harder
@@GSDKXV you have the charm of chronic arrested development
@@GSDKXVdid you not watch this video? The guy in this video is 1000% bombarding a GameStop employee with their insanity
The Teddy Day segment blew my mind because like,
I’ve gotten pretty deep into the Undertale/Deltarune community, and those games are THICK with hidden symbolism and secret narratives, so when you start digging into the minutia of every tiny little thing it can look a lot like what these people were doing.
The difference is that, first of all, Deltarune people often know that they’re delving into insane conspiratorial territory and revel in that fact, it’s fun to get crazy and throw around wild ideas, and second that it’s a fictional story crafted by a real person to have a deep literal and meta narrative that is intended to be unraveled. Unraveling the story is the secondary form of engagement with the media, just after playing the game itself.
To see people delve into that kind of thinking, picking apart names and designs, but trying to apply it to real world events with massive financial consequences… it’s fascinating, to say the least.
Yes theses kind of theories scratch an itch ! There are multiple work of arts that play with this notion and invite the user to engage with theory crafting. Like the Bloodborne or Dark Souls game, it feels so good to understand something vaguely hinted in the game. But these are works of fictions ! Made by real people who left holes in there stories for interpretation !
Legit kind of what I was thinking. I was present in the fandom for the tail-end of the Gravity Falls run, just before the final episodes were getting released, and I had a lot of fun with the theorizing. It was all the same, picking the tiny clips of the show apart for the most miniscule of clues, symbols, turns of phrase. I was watching these segments and I really thought, "wow, maybe these people just really need to get intensely into online fandom". It scratches the same itch, without the disastrous stakes
Literal kids books...
@@agnieszkasalach4395 honestly yeah. The current version of that is definitely Deltarune, it’s gotten to the point where someone can mention how “Spamton’s a cat” and everyone just nods in agreement like “well yeah we know but what about it?”
Plus instead of waiting for a mythical MOAS, you’re just waiting for yknow
The next part of a game to come out.
I grew up in the Rocky Mountain West, and there were these slightly off kilter people who would come to old gold rush towns from the 1800s with panning equipment, convinced they were going to find untold riches in places that had been mined dry 150 years ago. My own uncle borrowed heavily from family to support buying mining equipment, because he believed God had told him that he was going to find incredible wealth in the mountains. I thought of this a lot while watching these people justify buying massive amounts of meme stock long after the writing was on the wall.
I can understand them spinning elaborate conspiracy theories to save face for having spent stupid money on worthless stock. It’s when they keep buying more stock that flummoxes me
Right? Like, it would actually make more sense to grab your panning gear and go try the creek in your neighbor's back yard or something. If there was a working gold mine there and then there stopped being one, you KNOW they looked for more gold, and they had a literal gold mine to finance those efforts. At least if you throw a dart at a map and pan there, you're probably checking somewhere that hasn't been checked dozens of times before.
Now, if you're just kinda LARPing, if it's just a fun thing you like to do when you go hiking in the hills, great! That sounds like a lot of fun! You get to feel a connection to old-timey prospector dudes! I hope you grow a cool beard and wear suspenders too (if you want)! But if you're spending money you can't afford, yeah, that's sad.
Indeed, the "mother" in MOASS made me think of "motherlode", so I definitely had that thought, even if I have less of a direct connection to it.
Like the late, great Samuel "Mark Twain" Clemens said, "History doesn't repeat itself, but it sure does rhyme."
Thank you for explaining why someone who used to be one of my best friends in the world went literally insane and stole my car to drive it to a shareholder meeting in Texas in June of 2021.
Did you get your car back?
What the fuck man
How *dare* you just drop that into the comments and peace out without elaboration? :P
Holy shit
Years later, you finally get an answer as to the utter insanity of that day
wtf??? wow.. tell us more.
The phrase "wife changing money" us so incredibly gross on so many levels it just makes me feel sick.
A better term for most apes would be wife finding money
They say history runs in cycles. I didn't expect this cycle to be this short.
**steps outside**
**Sees history doing donuts in the front yard**
**Sips coffee**
God damn it.
Yep... i find myself returning to this video after seeing so much more news on gamestop/roaringkitty lately. Truly I don't know how to feel about it.
@@callistephus42 Maybe when another hedge fund like Melvin Capital goes bankrupt it will make you feel good?
If Gill really did post and pump the GME stock price, he might be in serious regulatory trouble.
@@Vacremon Good luck with that.
“Bro I play runescape.”
As a long time runescape player, that’s about all I needed to hear to know the kind of cringey, delusional, gluttons for punishment we’re dealing with here.
Truer words are seldom spoken.
I'm imagining a scenario where Citadel finds out that theyre up against RuneScape players and everybody in the office freaks out and starts sweating, frantically making calls
Tbh I read that as self depreciation rather than a brag.
@@breadguy325 Citadel is just the zezima bro
At least it was not a Eve Online player. (speaking as one who won Eve years ago, we be a crazy messed up bunch)
I think a big part of this phenomenon is that were facing a crisis in medial literacy these days. People struggle to understand that real businessmen are boring functionaries who won't communicate to the public in general, let alone communicate in a series of hidden messages through tweets and unrelated children's books.
It's similar to how many people forget that serial killers are often just boring psychopaths that kill those they have personal grudges with or just when they think they can get away with it. There aren't a series of clues that must be solved. Things are often just boring, horrible, and effectively random.
Yeah, you've got millions of people who have only ever experienced politics, finance, or the legal system through Network TV Dramas. They have no idea what the real world actually looks like, so they can only take the fantasy version and try to work their way backwards from it.
unfortunately, that's a small part not a big one. Qanon is (was?) highly similar in its dynamics, and big enough to have large durable effects on the composition of frigging Congress, and wasn't about finance at all.
@@theupson qAnon was just the boomers first time reading internet political fanfiction and it broke their feeble dementia ridden brains!
@Narokkurai Amen. So many people want to think that the world is more dramatic, interesting and narrative-driven than it really is.
@@KnakuanaRka- The world is plenty interesting and dramatic. People create narratives to make sense of it.
They.... they do know that infinite risk = guaranteed loss right? Like, mathematically?
They really do not seem to understand that.
I don't think applied calculus was part of their education.
my understanding is they're using an abbreviated version, the full one being ''*their* infinite risk is *our* infinite reward''
oooh I didn't think of that. either way I'd say we've both put far more critical thought into this than any of them lol @@ThatGirlOrSomething
@@Philitron128 the irony 😂😂😂
How can someone be self-aware enough to realize their trading strategy is "driving backwards really fast at a wall", but delusional enough to think the secret level in Ready Player One will open up and save them from financially ruining themselves?????
Because they're already in the car and are headed towards a wall. There's a saying. If you're falling, you may as well try to fly; you've got nothing to lose.
The problem is that the delusion they've picked is one where, in order for the ground to open up, they *must* drive *faster* towards that wall. And that they must convince others to start doing the same.
@iuffcgpuu I don't think you can make sense of a non-nonsensical comment by breaking it down. Whatever sense you do find by doing so is coincidental. In actuality, it's 100% delusion.
I think another aspect is that Apes think they are the protagonists of reality, and our society has brought them up largely fostering that. Everyone's the hero of their own story, they just take it to an uncommon but not unprecedented extreme.
See also "Every other generation of human beings that has ever lived has died, but we will not; Jesus is coming back to get us before we die, because we are the most special people that have ever lived."
If they love a shitty book...
I feel so bad for that poor employee working at the GameStop and being questioned by the guy who's trying to convince him that they're going to merge with Bed, Bath & Beyond. He has such a voice of "I do not get paid enough to deal with this crap."
can confirm that as a current retail employee that that tone of voice is the one i give to customers who cant just get the fucking hint and keep trying to give advice to improve the store like my minimum wage paid ass has anything to do with how the place is run
If you think that’s bad, Kais Maalej (the guy in the video) has a whole channel full of videos of him standing outside random Bed Bath stores spouting nonsense, harassing employees. He even once tried to break into a Bed Bath warehouse to see if they still had stock coming in. He is genuinely mentally ill
The second hand embarrassment is too much, I can’t rewatch shit like that. Once was more than enough
For public facing positions like that, that's probably what he's been specifically told to do. I'm a volunteer at a Zoology Museum and if a creationist starts talking their talk we are supposed to just smile and nod.
I enjoy his half hearted attempt to speak reason to him. “How will that work because we sell video games and they sell bath stuff” 😂😂
“It’s just Reddit’s version of the Rapture” is an excellent line which perfectly explains all the emotional stakes.
Apes often use art of the rapture in their moass memes. They are somewhat self aware about it
@@YOSSARIAN313 literally never happens 🤡 you’re not even good at spreading misinformation
@@GSDKXV man so much coping and seething from you in this comment section
@@YOSSARIAN313 Not. A. Cult.
@@GSDKXV citadel is fine. They are still incomprehensibly wealthy
I bought some GME right after the peak, lost about $200. Wasn't a big deal, I just saw it all over the news and had fomo about it. I was 22 in college at the time and getting a huge payout would have been life changing for me, but I also didn't have enough money to actually invest and take a huge financial hit.
You calling these guys gambling addicts really stuck out to me. I know I have a very addictive personality. I also have the bad personality trait of thinking deep down that I'm "better" or "smarter" than qanon conspiracy theorists, climate change deniers, relgious cults, etc. But damn, all it took was me knowing nothing about a subject and feeling left out to buy into this bullshit, even just half assed for just a few short months. I'm so glad I didn't have any actual money at the time to lose.
This video was humbling to say the least lol
If you were 22 at the time of GME at peak, that means you're still pretty young in the grand scheme of things. You're at the right time of your life to really be understanding those aspects of your personality and getting that introspection, so honestly sounds like you're doing fine. Took a couple hundred bucks loss to learn a lesson that clearly a lot of people never learned and only kept on digging themselves in deeper.
I think that's what really shows you'll be someone who actually learns and grows and understands their personal flaws and works to overcome them, opposed to apes who just bunker down and refuse to accept reality. It takes more strength to admit when you're wrong or beaten and pick yourself up and learn than it does to refuse to accept it.
Good on you for knowing and seeing your personal pitfals. Keep with the introspection and willingness to be wrong and you'll go far.
Those are personality flaws, just realize they're pretty much 100% universal to humans. The addictiveness thing is on a spectrum so that's good to keep an eye on, but everyone's got weak spots to exploit, can be people pleasing, guilt, brain freeze during stress etc etc.
When I was 21 I put $600 into some pyramide scheme "stocks" because the most stereotypical sleazy sales guy pitched it to me and some friends for like two hours. (I didn't know what pyramide schemes were back then... I knew I didn't feel like recruiting people to it however, but then he presented this wonderful opportunity to get in on their "stocks", and it seemed like, if there's a 1/100 chance it's not bull I should take it... lol). I'm now 41 and have managed to tie my shoes daily and not join any cults or get majorly scammed since. Can still happen, but, have hope 🙂
You learned, and admitted your faults and mistakes. Im proud of you, keep on doing it and you’ll be less likely to fall for this stuff in the future
At least you learned.
every time i rewatch and get to the heat lamp section, i cant stop myself from thinking... "there has to be a clearer analogy for this"
Predictive timing & ordering.
The problem with the Simian idea is that they're only operating with maybe a screw.
It is so confusing that it has retroactively make me question if I understand what a heat lamp is. (My native language isn't english so that just makes things harder)
@@misteraskman3668if it helps, english is my native language and its like... *technically* accurate but just a bad analogy. (if it helps, heat lamps are specialty lamps which give off heat, but in my experience tend to be more associated with animal husbandry over food, as foods kept under a heat lamp tend to be greasy, unhealthy, old, or from a source you shouldnt trust with that kind of food, like a gas station. Seems kinda apt, but not intentionally lol)
I love how their plan is literally:
Step 1: Buy GME
Step 2: Wait
Step 3: Become a god-king in the new, enlightened United States that emerges from the ashes of a total economic collapse
Yeah, and if that doesnt work, buy bitcoin. Different story, same idea.
Poor stock managment can result in total collapse of economy
Step 1: Cover yourself in poor stock
Step 2: Wait for it to total collapse of economy
It's the American dream.. becoming rich without putting any work or effort into it.
It is 2023 and the "Step 3: ??? , Step 4: PROFIT" meme has been thoroughly driven to the ground, but it somehow explains perfectly what these people expect to happen.
Reminds you of something?
I like to think the APES got bored at some point and moved to a different scheme.
....wait a minute...
As Dan said in his NFT vid. Despite what they claim, they don't care about "the little guy" under the boot, they're just upset they aren't wearing it
Day one of 'owning the economy' they would buy slaves and pay them nothing
I mean, let's be honest... you guys wanted everyone fired and forced to stay home for years. Until whenever Fauci said it was okay to work and earn a living again to feed your family. The left has 0 principles they stand by when the chips are down
Everyone is just upset they aren't wearing it. Some just hide it better than others...
@@esmeecampbell7396Speak for yourself. Plenty of us dream of a world with no boots at all
@@esmeecampbell7396plenty of people do not want to be the ones wearing the boot, but would rather the boot didn't exist. If you think everyone wants to wear the boot, that says more about you.
“First as tragedy, then as farce,” but actually just a repeating farce.
Is it weird that Dan's long videos (This is Financial Advice, Line Goes Up, and The Future is a Dead Mall) are on my rotation of videos to fall asleep to? He has a good voice and a friendly, but not high-energy demeanor that makes it both easy to engage, but also easy to doze off if you're so inclined. Like, soothing, sort of? His videos are primo background noise once you've thoroughly enjoyed all the well-researched information.
Same here
Same here. I've memorized the entirety of 'The Nostalgia Critic and The Wall'
Oh man same though.
Gotta watch them on 2x speed. Maybe ChatGPT v6 can summarize videos in the future.
Aren't you ripped out of the doziness when the clips of other people play?
Wow. We rode the dan train from being a cardboard box talking about evangelion to being THE journalistic voice on internet finance.
And we got to watch the Dan Train cause total carnage as it plowed through NFTs, a bad crypto video game cosplaying as the Matrix, and ghost-written audiobook grifts along the way!
I'm pleased Mr Olson has set himself up in such a socially responsible yet entertainingly informative niche. :)
dont forget the flat earth video@@sixstringedthing
And I'm absolutely here for it. Pipe dream is a partnership with either the Green brothers, Kyle Hill, or both.
I'm hungry, what should I eat?
No. He pretty chalked the whole thing up to chance & pretends that wallstreet bets didnt know exactly what they were doing.
I gotta say, centering the critical text (IE-price is fake) while swapping through posts at rapid speed is a nifty visual effect. Hats off to whoever thought to use that.
Completely agree, never seen anything like that but it's the perfect illustrator of the prevalence of THAT exact idea
Agree as well, was a super cool effect. Like Dan mentions, it's just bizarre to me how these "do your own research" conspiracy types love to repeat specific phrases verbatim, like some kind of mantra. Flat earthers, covid deniers, etc
@@TheMisternyancryptodingbats, QAnon followers...
I feel like this is the perfect summation of Dan’s clear long-term involvement in Internet culture. It reminded me first and foremost of the old YTMND trend of “Lindsay Lohan never changes facial expressions”, where they made a rapid-fire GIF of publicity photos of LL aligned so her face was always in the same space and at the same scale. Here the same idea was implemented with text instead of a celebrity’s face.
Timestamp?
Someone please explain to me how this 2.5 hour RUclips documentary has become my comfort show that I watch in its entirely at least once every couple of days. I’m gonna be able to recite it from memory soon at this rate.
I was literally just thinking the same thing, I'm so glad I'm not alone.
I have watched this video dozens and dozens of times. I can speak his words along with him now. There's just something really comforting/satisfying about it.
Y’all are WEIRD AF
Anyway DRS GME
Legit came to drop a comment that I'm on my like 8th watch 😂 I already watched this twice last week, it's just so well-done and fascinating. Cheers fellow serial-watcher, enjoy your upcoming viewings!
Regardless of what he's talking about Dan is just a comfy looking and sounding guy. I think that is it part of it.
Same! This video is on my list of many of Dan's vids that I comfort-rewatch. I think at least partly it's because of how hilarious I find his deadpan, straight-faced sense of humor. :)
I still feel really bad for the neuro typicals who have no idea what's going on because words don't mean anything.
Huh?
I don't get it.
@@stuflames4769 I'm pretty sure that's a hilarious joke, but I physically cannot stop myself from explaining it's because of the person saying "to an autist all words have meaning, every single one"
@@jamesnurgle6368 😜
When I got diagnosed with autism I instantly understood this video in it’s entirety
@@fart63you forgot to add that you understood this video in its entirety WITHOUT EVEN WATCHING IT! That's super important, because we all know that autism gives you superpowers. You become forspoken, clairvoyant, far seeing even. Although your autism can't make you fly because that would just be ridiculous... 😅
(/s for those who have trouble parsing these kinds of comments. I'm being very silly and unserious, outright stupid some people might say.)
Dan Olson analysing post-modern secular cults is my favourite genre.
Would be HILARIOUS if anyone normal reading this took a look at Jon Stewart interviewing Jim Cokerat. Or S1E5 from The Problem.
@@GSDKXVyou keep posting this, what do you expect people will get from that interview that relates to the video? It's not a secret that wall street is full of greedy assholes and idiots like Cramer, it doesn't mean everyone who thinks they're fighting against them is right
Calling Qanon secular is... quite funny
@@damien678hes never rly done a vid on qanon, just mentioned it adjacent to other topics. but also qanon being described as secular doesnt seem totally ridiculous to me, i do think particularly at its inception it was more of a secular conspiracy theory and then eventually satan became an intrinsic part of it
@@vlad5042 the flat earth video wasn't really about flat earth, it was an essay/documentary on qanons, the flat earth stuff was just a segway/intro.
The sincere belief that Rick and Morty held coded messages about their insane conspiracy was the exact moment I realized these people can’t be saved.
To be fair, you have to have a very high IQ to understand Rick and Morty. The humour is extremely subtle, and without a solid grasp of theoretical physics most of the jokes will go over a typical viewer's head. There's also Rick's nihilistic outlook, which is deftly woven into his characterisation- his personal philosophy draws heavily from Narodnaya Volya literature, for instance. The fans understand this stuff; they have the intellectual capacity to truly appreciate the depths of these jokes, to realise that they're not just funny- they say something deep about LIFE. As a consequence people who dislike Rick & Morty truly ARE idiots- of course they wouldn't appreciate, for instance, the humour in Rick's existential catchphrase "Wubba Lubba Dub Dub," which itself is a cryptic reference to Turgenev's Russian epic Fathers and Sons. I'm smirking right now just imagining one of those addlepated simpletons scratching their heads in confusion as Dan Harmon's genius wit unfolds itself on their television screens. What fools.. how I pity them. 😂
And yes, by the way, i DO have a Rick & Morty tattoo. And no, you cannot see it. It's for the ladies' eyes only- and even then they have to demonstrate that they're within 5 IQ points of my own (preferably lower) beforehand. Nothin personnel kid 😎
@@Whitecroc uh huh
@@JaydonTobler (It's a copypasta meme! Don't worry.)
@@Whitecroc fhew, I had a feeling because I wondered how someone with these opinions would have even found this video lol
Rick and Morty had an episode where they resolved the plot by making money worthless, but I don't think that was even in the meme displayed in this vid!
"The story of apes post-squeeze is a bunch of people standing around a trashed hotel room at 5 am asking when the party is supposed to start".
Sums it up perfectly.
One of the best things about rewatching this video is listening to the Headband Dan segments and noticing him doing various things that haven't been mentioned yet as Ape behavior, but does get mentioned further down the line. Fun little rewatch treat.
I love how it builds a little story, he starts off saying theres news of something big coming and shows the bed bath and beyond price. It ends with him looking out of his window and getting a card saying,”sorry for the BBBankruptcy”, I realized this could have a double meaning. Sorry for the bankruptcy of bed bath and beyond and the headband dan’s bankruptcy. Looking out of his pricy hotel room window, wondering what happens next. Stuff like this makes the documentary amazing each watch
Wait a minute...is Headband Dan the reincarnation of Hat Dan, the Dan with a Hat???
To me, the most unfortunately revealing thing about the "they picked a fight with us gamers" stuff at the beginning is what they believe their most valuable transferable skills are for this situation. They don't brag about being clever enough to create strategies, react to changing circumstances, capitalize on blink-and-you'll-miss-it opportunities, misdirect opponents, or see through opposing bluffs; they brag about stubbornly performing rote tasks in MMOs for minimal incremental gains. It's little wonder that they end up outmaneuvered by pretty much everyone when their gameplan is on the level of an autogrinding macro designed to exploit a bug that was patched seventeen updates ago.
Not to mention they operate in an environment designed for them to succeed.
My first thought was "Someone should tell them there's no respawning when their life savings hit zero."
@@vaiyt So if the stock market isn’t designed for people to succeed, why invest?
@@GSDKXVI’m no financial expert, but I think it’s because of the chance you could succeed, like gambling, except you can somewhat predict what your best bet is going to be.
@@GSDKXV Insofar as the stock market is supposed to follow the general trend of growth in a market, it is in fact 'designed' for people to succeed. With a reasonable strategy and good knowledge, you can perform just as well as or considerably better than the market. The apes... do not have a reasonable strategy or good knowledge.
I’m grateful that Dan decided to fill the niche of dissecting and explaining the cultural and psychological aspects of the financial and social anxiety of the online generation and the actual nonsense that’s coming out of it.
Just when you thought the worst thing FOMO could be responsible for was people continuing to pre-order shitty live service video games...
Oh and the salty comments from the temporarily embarrassed millionaires in the comments is the cherry on top.
Talk about finding a needed niche to settle into and then immediately dominating all relevant discussion
I knew for long that those in this absurdist game were quite insane. I did not realize the insanity ran so deep as to belive that shiny pieces of paper registered to themselves would mean a hill of beans in the event of an unforeseen forced financial collapse.
If the economy as we know it were to collapse, they'd be the ones against the wall first, having a complete lack of valued skills and having assets that others will want. Shiny pieces of paper? Great, I can line my {purely hypothetical} falcon's cage with it before she scratches your face off, and then I'll take your bullets.
Exactly. There are good, important and relevant reasons behind the people who buy into Stonks cultic thinking, even as the actual beliefs they lead to are absolute nonsense.
"price is just supply and demand. if the supply is 0 the demand is infinite!"
when i was a kid i made a trout out of clay in arts and crafts class, which i still own to this day, and i'm not selling, meaning the supply is zero. i don't think it would sell for above 10 bucks, and that's being generous. you forgot about the "demand" part of "supply and demand".
IF the price of gamestop skyrockets, who's going to buy it? the short sellers will just cash out for however much it's worth and apes will be left with theoretically expensive stocks that no one wants, like a billion dollar hot potato.
This is your lucky day kid, I wanna buy that trout for $Infinity.99
@@placeholderdoe you know i was gonna turn it down, but the .99 just convinced me. deal.
If they cant pay then wouldn't they just... go bankrupt? And if they do, shareholders are the last ones who would be made whole from their assets. Of course, if moass weren't made up nonsense, if the global economy were at risk, wouldn't the US govt just force GameStop into bankruptcy? I mean, the US overthrew a country on behalf of a fruit company's profits, so... @@GSDKXV
@@GSDKXVwhat's more likely? The people shorting gme are going to pay 10 million a share, or they will just walk away from their position and cut their losses?
@@placeholderdoe Don't listen to them, I must have that clay trout for $Infinity+1
Lol had to come back to see the bagholders in the comments going "look who's laughing now!" at a hype bump. We are still laughing.
Through the tears really. It’s genuinely the Greek tragedy of our modern times. I may say, a tiny violin is in order.
Um, yeah, definetily me laughing, I doubled my money and sold. Why wouldnt I laugh?
@@sevent1116 This is my favorite part of crypto and apes. Gamblers thinking we're going to stop laughing at them because they won. No shit, sometimes the roulette wheel does in fact land on your number. You're still either a moron or an addict for playing, just like the ones who lost, and chances are you're going to gamble those gains away later, because you're a moron or an addict.
@@sevent1116 If you sold, you’re not the one this is about, paper hands.
@@sevent1116 you should laugh. Congrats on getting paid.
This video isn't about those that use the stock market normally.
Honestly the part where you said "they don't hate wall street, they're tsundere for wall street" made laugh out loud, another magnificent documentary here Dan, bravo.
Where does he say that? I missed it
@@Chimera-man-man 2:22:30 is best timestamp. You can search the transcript found in the description for any specific term or word.
@@dominictemple thank you
bro didn't even pronounce it right i'm dead LMFAO
Ooooh, that's what he was saying! I went back like 4 times and I still had no idea.
Something I found interesting about the constant comparison to "The Big Short" was that the explicit point of the movie was even though the main characters had "beat the system", they were all miserable, realizing that "the system" dragged down everything around it as it failed. I guess the apes must have turned off the movie halfway through.
The movie doesn't even leave it to subtext; Brad Pitts rant about rising suicide rates coinciding with major recessions is what shuts those two mini-Hedge Fund dudes up when they wanted to celebrate the deal of their lives. The only guy who isn't emotionally affected by it all is Ryan Goslings character, and that guy was framed as a massive dick from the beginning.
@@Donnerbalken28 and yet, Ryan Gosling is hot and when he is emotinally disaffected it looks Cool and Powerful, the message is lost in that. He still Wins, if only for a while.
Apes want to Win, they dont want things to be good.
Most conspiratorially minded individuals also have no media literacy, see The Matrix, American Psycho and obviously The Big Short.
The original Matrix movies are used by far right misogynists who want to reinstate the patriarchy and repeal queer rights for LGBTQIA+ communities when the movies themselves were written by trans-women as a allogory for gender exploration and 'waking up' from the matrix of binary gender expression and heteronormativity, instead choosing to live in a shitty real world as yourself where the world itself is hostile and alien (eg homophobia and transphobia), rather than a fake world where you pretend to be okay with existing as a cog without identity (eg pretending to be straight or gender conforming).
American Psycho is used as a ideal to aspire too, where Patrick Bateman is potrayed as a idol, when the movie was a critique on the overly macho male fantasy of financial, sexual and violent freedom, how Patrick Bateman was really a pathetic loser poser, where his 'murders' were most likely made up in his head out of frustration and inferiority, where the man literally enters a dick measuring contest using the font, cardstock and colour of buisness cards, the cards themselves being utterly worthless pieces of paper and cardboared yet Patrick cares so much about literal paper that he begins to shake and go crazy, illustrating the fragile masculinity and utter impotency of men like Patrick, grandstanding, macho, violent and sexual men, being utterly useless and incapable of doing anything (aside from picking on the weak and underprivileged who cannot and will not be defended by the system, people like the homeless man and dog, the 2 struggling sex workers, the only truly confirmed kills), and the writer of the book the movie was based on is literally a gay man, the antithesis of the 'macho' male Patrick Bateman that this new generation of 'Sigma' men look up to.
I haven't watched the Big Short like the other 2, but I have seen the clip your talking about, and the point is literally yelled at the viewer, 'The system sucks! People die! Stop being so self centered and actually look around yourself!'.
Honestly conservatives have like 0 brain cells in the literacy department, they hear whatever they want to hear and see what the want to see and thats it.
This reminds me of a joke from Clone High: "I saw the first two thirds of the MC Hammer 'Behind the Music', and if there's one thing I learned, it's that the money never runs out!"
Another irony is that apes say they HATE shorts. But of course they dont really, they only hate it when it affects their money. They were 100% fine with the people who shorted the banks in the movie.
April 18th, 2024: I just met an ape in the wild on Reddit. I assumed this whole thing had fallen apart, maybe even years ago, but apparently it's still going. GME is down to $10.30 as of right now, so I wonder how that's going for them 💀
Its a slowly dying movement. Like scientology its reputation is so bad its hard for them to recruit into the group
Their fingers are hovering over their keyboards waiting for any upward blip in the stock price so they can immediately cry out that they are winning.
Imagine how full of themselves they must be right now
As someone with autism, we aren’t some magical group that uses every word for meaning. Most words I say have no meaning at all
I agree that all words have meaning... so use the word that actually means what you mean.
Hunting for hidden meanings is a waste of time, both yours and mine.
As someone who's friend group is at least 50% autistic folks at any given time, I have exactly zero idea where that guy got off about that lol. The autistic folks in my life usually not only deliberately differentiate between sarcasm and seriousness, but often ask everyone else to make that distinction as well so they can participate in the conversation without having to play 5D chess in their brain to penetrate 75 layers of irony.
Like,
We're regular people,
We have some words have weight, some words are loose or unimportant.
Not everything is some spiderweb of conspiracy, in fact a fairly low percent of things are a web of that kind.
It's genuinely delusional insanity.
These people think every single thing that ever happens and every word someone ever says is some kinda ARG. It's absurd and concerning.
Wait, which words in this comment have meaning then? 🤔
It is a fetishization of neurodivergency, where instead of being allowed to wear noise-cancelling headphones in a supermarket you are made into a goddamn x-man character.
This is going to get lost in a sea of thousands of comments for sure but like. This is all so surreal to me because I'm a normal ass employee of AMC theatres and we did a promo event where stock holders got NFTs for buying tickets or whatever, and the theater was sold out online only for three people to show up. Literally, hundreds of tickets scooped up in seconds by grifters, while some of the most annoyingly earnest ancaps of all time came to an empty mall movie theatre to watch the new kinda bad jurrassic park movie. And when I think of apes and this movement, I think of those three people- who eagerly held onto the stock of a dying company to arrive at an empty theatre that was claimed to be sold out, with every empty chair representing the work of a grifter who saw a chance to sell back to all the other earnest people who wanted a cut.
At least they got good seats
Is that really what the heck $APE was?
@andyes4556 - What happened when the three people showed up? How did they act/take it? And, were you guys (as the employees) aware something like that might end up happening, or was it a total surprise on the day? Sounds like such a crazy experience!
*chef's kiss* Couldn't have put it better myself.
@@novalinnhe the managers definitely let us know beforehand that the theatre was supposed to be sold out, so they told everyone to prepare for the worst because they're not as internet savvy and didn't really know about the empty crypto bubble thing. so we were fully staffed, fully doom prepared and then- nothing. the three people showed up, and they honestly weren't all that rude at the employees- they just seemed genuinely surprised. a guy was like "wow, this was it? i thought there was supposed to be more people" and he walked into the theatre with a bucket full of popcorn even though he was watching in real time as the movement had left him behind. a girl came up to the front desk a couple days later insisting that amc was running a different crypto/nft thing because she saw it on twitter, and the employees had to tell her we didn't know a thing about it. and i think the thing these people didn't want to know is that not only do we not get told anything about amc social media trying to lean into it expecting a larger demographic, but that we don't care.
amc made more money appealing to swifties than it ever did trying to appeal to apes which. yeah theres not much else to say is there
As someone with autism myself, the post from the autistic person is particularly painful for me. It's like, 'No, we do not have super powers. We can be fooled just as easily as allistic people if we let our egos cloud our common sense. You are being foolish.'
They literally described the opposite of autism.
As someone who is also on the spectrum, part of me really doubts the person who made that post is actually autistic; they have clearly shown themselves to have a very poor understanding of what ASD even is and the effects it has on people. Anyone with any familiarity with the autistic experience would know that's not how it works. It's either they are intentionally lying about ASD, or they're pretending to have a mental disorder they don't even understand (or deluded themselves into thinking they have it when they don't).
@@Pickle_Candy exactly. the idea that people who have a communication disability would love speaking in codes is absolutely wild to me.
This 100%. I like to watch Dan Olson’s stuff in the background but that quote is so unsettling and cringy that I have to skip through it. I’m on the spectrum too; we don’t get a +50 to our stenography skill. Instead we get a -50 to our social skills and view the basic social comprehension we manage to occasionally do like it’s DaVinci Code levels of complex subtleties.
@@BestBetterBestest Right? Like, if you are not 100% direct with me about the message you are trying to get across, chances are I will miss it. I've had to train myself to catch a lot of the subtleties and nuisances of social interactions, and even then there's so much I still don't understand and what little I do understand I'm constantly doubting myself on.
To see someone take my disability and to essentially say that it actually gives them an heightened ability to read between the lines is frankly rather insulting. Nothing in this video pissed me off more than that one comment.
I worked at Chewy for about a year or so and was jumpscared by the presence of it in this video. Working at that company tanked my mental health lower than it's ever been. There has never been a more hopeless period in my life than when I was underpaid to be screamed at by Boomers over the phone.Knowing that the former CEO is the subject of these sycophants is entirely unsurprising. The mythology built around that company's start and company culture was cult-like from the first day of training. They'll tell you some holistic story about the company's beginnings, but the idea for Chewy was built around a standard Capitalist story: looking at dog food at walmart and deciding to repackage the supply of pet products for the internet. The customer base who calls in more often than not is happy to abuse you for special treatment, special treatment they are often given for the sake of engineering a loyal customer base and a culture of taking-abuse for the Employee. A genuine nightmare. The stories I could tell are awful.
Thank you for sharing that. I've been a chewy customer for a few years and I'm going to walk to the pet store as much as possible from now on.
@@ceilazel6061 you’ll save your vet plenty of annoyance too. Vets notoriously hated Chewy for the way the process of buying medication online was constantly stopped up by the need to contact the vet for approval before sending it. Plenty of animals didn’t get their medication on time because of Chewy’s policies and customer desire to save 5 dollars on their dog’s diabetes medication. There was no way for any one CSR to stay on top of it and that’s not readily apparent to an outsider.
@@GSDKXV Ryan Sempai won’t notice you for doing this
@@GSDKXV i’m not giving him a moment of my time, you’re a shill
@@GSDKXVhow do you justify to yourself the fact that, whenever you're pressed with a real question, you ignore it and run off to a new thread? You have hundreds of comments, but outright refuse to engage with actual criticism. I know you would never admit it publicly, but you have to see how obviously bad that looks for you in specific and the Apes generally.
I got swept up in the AMC stock rise by sheer coincidence.
I was working for an Amazon DSP and i had been working incredibly long hours so i had accumulated not a small amount of cash. So, i decided to open a Robinhood account. When deciding what stock to buy i decided to buy and accumulate, Yeah thats right you guessed it, AMC.
I bought AMC at around $3 and had 700 shares at one point. I had deployed the wheel strategy so i was making a little bit of money. This was around September and October before January.
When the government announced the covid vaccine would become available to the general public i actually bought another 1000 shares in AMC because i thought everyone would want to go to the movies and get out the house... If not for the meme stock craze i would probably be down a couple thousand dollars now.
Instead i got lucky, incredibly lucky and as a result i was swept up in the cult like behavior of wall street bets. I was close to getting a "diamond hands" tattoo... Thank god i procrastinated and didn't actually get it
AMC was always trash to anyone that can read a balance sheet. Only GameStops ceo and board continue to BUY into their company, unlike that trash popcorn stock where board members and the CEO SOLD.
Ryan Cohen refuses to take a salary out of a genuine commitment to grow the business instead of trying to fleece its investors.
@@GSDKXVGameStop has long since lost to Steam and Valve.
Glad you got out, hope you didn’t lose any money!
I was listening to this while doing chores and initially thought Dan was just saying “life changing money” in a weird way. No, turns out those folks were literally saying “wife changing money”
What do they even mean by wife changing money?
@@lighthouse6543Because their relationships with their wives become so strained after being caught spending all their money in this weird cult, they are basically saying that when MOASS finally 'hits' and they get rich, they will divorce them and 'change wives'.
@@lighthouse6543Enough money for the wife to forgive and admire them or enough to find a new wife
@@lighthouse6543I assume they'll marry someone better looking if they get really rich
@@lighthouse6543 I suppose they think that once they get their big bucks, they'll be able to trade in the old wife for a hot new gold digger wife
I take financial advice from a coked-up guy in face paint yelling into a microphone, my investment strategy is shitposting, and my due diligence research consists of collecting all the dankest memes. What could possibly go wrong?
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It's so funny that people still comment on Roaring Kitty's last videos in RUclips, telling him it's "time to come back". He's gone, and there's no way he'd turn that back on, exactly because of what you said. So many of them are unhinged and he definitely doesn't want to be their martyr. He's made his money and he's out. He won.
Keith Gill, December 2020: I never dreamed of this [$19 share price]
Apes, January 2024: Come back, DFV. You taught us about phone number prices!
Why doesn't he come back? Real puzzle, eh?
@mac4974 Yes, it's completely off the wall, and actually sad. Alot of retail investors got snookered out of their money in a time when jobs were shuttering due to the pandemic, and they are still clinging to hope to this very day.
Yeah. His return a few weeks ago was really out of character, almost as if his social media was hacked.
Just sold at $52 after bagholding for years. Thanks for the financial advice, I would’ve been waiting for the phone numbers for the rest of my life
Literally same. Had xx shares and was convinced I had basically lost that money
Honest question, What information did this video give you as to why the stock went back to 52?
@@Andum48 DFV tweeted, that's it
@@fakenamerealchungus9851 I appreciate the response, doesn't explain the 150% move before he tweeted. Anyway it's still good to know the narrative being thrown around.
Good for you! I'm sure those still holding will get those phone book numbers (lol) but don't let the fomo fool ya. You did good. Gz