Jason Spiess and Sterling are joined by Marty Bent, Great American Mining Co., to explain what the heck happened with the GameStop kerfuffle.
Marty explains what a “short squeeze” is, who Robin Hood is and how the Reddit users figured out the manipulation and flow of the marketplace.
Marty’s main theme in the discussion was how we are living in a “two-tiered” system where one tier has protections in place so the other tier can not rise or become empowered.
The interview also talks about whether gold, silver or Bitcoin can be viewed as an alternative for investors or if those other commodities and currencies were impacted during the GameStop kerfuffle.
Marty also explains how Robin Hood is owned by Melvin Capital (Hedge Fund) and how they shut off “buying” opportunities and only allowed “selling” to occur.
Jason pointed out this is another example of how the “managed marketplace” has replaced the “free market” and asked Marty whether this template of “Reddit Short Squeezers” could be used as a weapon against industry who is already having issues with investing.
The interview concluded with Marty explaining how their website mineral to Bitcoin calculator works and how operators are using Great American Mining Co to mine Bitcoin in the Northern Shale Plays.
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