How People Cheat The Stock Market | The Problem With Jon Stewart Podcast

How People Cheat The Stock Market | The Problem With Jon Stewart Podcast | Apple TV+

Рет қаралды 997,170

2 жыл бұрын

The Problem With Jon Stewart is now streaming on Apple TV+
theproblem.link/StocksEpisode
Listen to the full podcast episode here:
theproblem.link/RobJackson
Former SEC commissioner Rob Jackson joins Jon to unpack the Problem(s) with the Stock Market, including why your average investor is basically trading in the dark, and the blatant lobbying that keeps Wall Street from ever facing consequences when they cheat (which they do A LOT).
Some terms in this episode you may not know but should know:
Arbitrage: Exploiting a price difference of the same asset. It’s like buying avocados at the supermarket for $1 each and selling them at the hipster farmer’s market for double.
Citadel, which is an investment company. Citadel is a market maker - meaning they help investors buy and sell securities, using the pool of shares they own. They’re basically a middle man, with access to highly important information.
Dark pools are private exchanges for trading securities that are not accessible by the investing public.
Options trading is buying and selling of options, which are essentially contracts that give you the right to buy or sell a stock at a certain price by a certain date. It’s basically betting on a stock price going up or down. So if you purchase an option, instead of buying a stock, it means that you are buying the option to buy a stock if it hits a certain price, and this can lead to issues because if your bet fails, you’ve lost all that you’ve invested. Whereas, if you bought actual stocks, regardless of the price, you still own that asset.
Payment for Order Flow is when brokerages such as Robinhood route the buy and sell orders of retail investors to big market makers such as Citadel and Virtu instead of sending it directly to the stock market. This deal helps brokerages make hundreds of millions of dollars every year
Retail investors are individual, non-professional investors who are buying assets with their own money.
Securities: any tradable financial asset - stock share (equities), bonds, investment funds, pensions, etc.
The Securities and Exchange Commission - or SEC - oversees securities exchanges, brokers, investment advisors, and mutual funds, to create fair dealings, the disclosure of important market information, and to prevent fraud
Bildungsroman: Just kidding, but do you remember that from English class? You need to know it. Please google it.
For more words and definitions: theproblem.link/glossary
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Пікірлер: 2 700

@brandonjackson5142 2 жыл бұрын

Just hearing two people have an intelligent honest conversation about actual problems is sooo refreshing. It's like drinking a glass of water in a desert.

@MrSnobby24 2 жыл бұрын

You're the best Jon. Please continue to talk about Wall Street corruption.

@NGEvangeliman 2 жыл бұрын

Now if only someone could actually do something...

@brentbeacham9691 2 жыл бұрын

@@NGEvangeliman vote progressive

@Kay0Bot 2 жыл бұрын

It's not corruption , it's functioning as designed.

@Chevive0515 2 жыл бұрын

Wall Street, the feds, congress... the whole fucking system...

@Riggsnic_co 5 күн бұрын

As an investment enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make over $400k like some people are this season.

@JacquelinePerrira 5 күн бұрын

I believe the safest approach is to diversify investments especially under professional; guide. You can mitigate the effects of a market meltdown by diversifying their investments across different asset classes such as stocks, etfs etc It is important to seek the advice of an expert.

@Jamessmith-12 5 күн бұрын

Review your portfolio with a professional and don't make the same mistakes again. Diversify, as in your stock portfolio, and hopefully consult a professional. The key to building wealth is long term. I learned 30 years ago that you have to keep emotions (rookie) out of your investment decisions at all cost. Now, i've made over 800k in profits from my 350k investment.

@kevinmarten 5 күн бұрын

That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?

@Jamessmith-12 5 күн бұрын

'Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@kevinmarten 5 күн бұрын

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

@ernest3286 2 жыл бұрын

The incentives produced by this system are disgusting. Jon, this is the first time I've ever been recommended your videos, and I have to say, I'm impressed with your ethics. Somebody get this man a bigger microphone!

@tomcotter4299 2 жыл бұрын

He had one and he gave it away!

@valentinli332 2 жыл бұрын

@@tomcotter4299 To corporate shills like Cobert none-the-less! At least John Oliver is still cool.

@Cat-_From_Jupiter 2 жыл бұрын

@@tomcotter4299 4}

@dholguin6012 2 жыл бұрын

Ethics? It's more like common sense.

@Winterstick549 2 жыл бұрын

@@tomcotter4299 He did not own that show as he does his podcast.

@Chris_Davis_music 2 жыл бұрын

More guests like this please! It's refreshing to hear from someone who doesn't have a dog in the race or who needs to worry about being reelected.

@AnonYmous-xj5fp 2 жыл бұрын

Yes, he was great. So refreshing to see an ethical, high level civil servant with a backbone. Probably an awesome guy to work for.

@NickolaiPetrovitch 2 жыл бұрын

Yes! This was an amazing episode. My favourite guest.

@newagain9964 2 жыл бұрын

For everyone 1 of the guest in civil service, there’s 1,000 pos.

@EA-tc6kb 2 жыл бұрын

Problem is John Stewart is a sell-out... I hope he is not a hero to anyone here.

@sapitage9905 2 жыл бұрын

He seemed a bit skeptical at first, but opened up nicely

@goldencalf5144 2 жыл бұрын

You're doing the lord's work, Jon, don't let up. In one podcast, you are uncovering more truth than the entire media establishment.

@Sydney_With_A_Why 2 жыл бұрын

Lord Farquhar?

@fourshore502 2 жыл бұрын

its in the medias and governments interest that most people dont understand these things

@thehmc 2 жыл бұрын

Literally every trading youtuber has been talking about this for over a year.

@fourshore502 2 жыл бұрын

@@thehmc i meant someone outside of trading

@infinitemonkey917 2 жыл бұрын

He is an atheist.

@PerkolatorTheTerminator Жыл бұрын

Every day I’m thankful that a comedian made the decision to become the best damn news man of our age. You really are the MVP of sanity in an insane time, Jon.

@trustmeimareporter 2 жыл бұрын

Thank you, Jon Stewart and Rob Jackson. This podcast was incredibly informative as well as downright depressing. It is clear to me now that: Wall Street and the US Congress are in cahoots and that political contributions from corporations must stop or be disclosed; US stock markets are rigged and intentionally shrouded in mystery to prevent transparency; and that retail investors (regular Americans) are being used and laughed at by market insiders who only want their "dumb money" to invest in dubious financial schemes. Oh, and shame on these so-called financial journalists who know what transpires behind the scenes but choose to play along in this unfair financial farce. Mr. Jackson, you said there were a few smart, crusading financial journalists who were doing good work. Please tell me who they are because I want to follow them and give my support. Many thanks.

@MrRawrCEO 2 жыл бұрын

Well you have the lady who reported the "panama papers." She was killed and pretty much just forgotten about.

@amyschmidt1113 Жыл бұрын

Who wad the Panama lady? I remember when that story came out! What happened?

@davidjones7544 5 ай бұрын

Rob was a surprise to me. He was very candid and straightforward and it was so refreshing. I feel like I just took a shower.

@TheSongwritingCat 13 күн бұрын

@@davidjones7544 Same. How was he a Trump appointee???

@StockDoctaTrading 2 жыл бұрын

Jon! my man! I am a 44 y/o ex financial advisor who grew up with the daily show. I'm glad you have gotten into the fight with us. You are the people's champion brotha... we love ya...to the moon ;-) !

@twocool2trip229 2 жыл бұрын

I echo this statement

@andrearenee7845 2 жыл бұрын

I know, right. It's why I adore Jon.

@TROBassGuitar 2 жыл бұрын

Crypto is a scam tho

@White_Rice-bz2iw 2 жыл бұрын

Apes here to stay 🦍

@objectionheresay9668 2 жыл бұрын

I feel you, man. I'm an ex elf spotter myself.

@shauniek 2 жыл бұрын

When Bernie said we need reform on how candidates receive donations...people on both sides acted like he was crazy. Many things he says is 100% correct, but folks pretend he's crazy. Ban cooperate donations and see how many things become fixable.

@chrisgregory3063 2 жыл бұрын

I always think if you printed off a list of things Bernie pushes and gave it untitled to a cross section of the public the approval for those ideas would be 80/90% They call Bernie crazy but literally nothing he says is crazy at all. It just would make the top 10% slightly less incredibly rich and would give the lower percentages more money to buy stuff thus probably giving the top 10% even more money!

@mytinyketolife6797 2 жыл бұрын

Now Bernie is serving his “very good friend” Joe Biden. It’s so very sad. I’m still mad at him.

@thomasebert5289 2 жыл бұрын

@@mytinyketolife6797 what is his alternative? stand against him at every opportunity? Im just happy there is someone to push climate policy to sleepy joe.

@SiddharthJaggavarapu 2 жыл бұрын

It is absolutely clear that most problems we face are because of money in politics (legal corruption).

@filiprochette7793 2 жыл бұрын

Not bashing on you but i think it's maybe too far gone to do it without labour pressure and maybe riots.

@JookySeaCpt 2 жыл бұрын

As part of my job, I read a lot of internal emails from large corporations, including financial and banking institutions. The average American has no idea how ridiculously rigged the game is against him. Not just in the Stock Market, but in everything. It's not a Republican or Democrat problem either as many folks here in the comments make it out. If you blame one or another political party, then you are just playing their game. Big corporations donate to BOTH parties during elections to be sure that they are owed a favor no matter who wins. I still invest in the stock market when I can because, even though I know the game is rigged, it's still my one and perhaps only chance to try to secure any kind of security for my family's future.

@dogeared100 Жыл бұрын

We do know but don't know how to start fixing things.

@Americanpatriot723 Жыл бұрын

It feels like if people don't see any growth in a week or a month they will throw a tantrum and then call the market a scam lol. Forgotten It's always the hard times that show us how to be better investors making about $2 million over the long term; understand and know the required path and remain committed to the craft. Be smart and don't let fear stop you from making money.

@84gaynor Жыл бұрын

Understanding that this downturn is something to be happy about, not stress. The best birthday present one could ever ask for. .. Invest, make those dollars count! Everything you want is on the other side of fear.

@MatthewVinson Жыл бұрын

Wow!!! How can you achieve all of this when the market is a mess most of the year? I've been in the red for the last few months, lost 12,000 last week alone. No doubt I have good companies, but returns are still faltering.

@MIchaelGuzman737 Жыл бұрын

@@MatthewVinson Working with a financial advisor to help you on your wealth building journey when you are just starting out is a wonderful place to start and it has allowed me to make good profits. They help manage the overall risk profile of the investment, avoid permanent loss of capital and maintain a diversified portfolio of investments that reflects your personal risk tolerance, time horizon and the nature of your financial goal.

@MatthewVinson Жыл бұрын

@@MIchaelGuzman737 I find your claim that we become more risk averse as we age very much true. Who is your financial advisor I would like to review?

@MIchaelGuzman737 Жыл бұрын

@@MatthewVinson My adviser is *JILL MARIE CARROLL* You can easily look her up as she has years of financial market experience and she is also FINRA & SEC verifiable.

@mystsilver9331 2 жыл бұрын

THANK you, Jon. I am one of those APES and the frustration has been outrageous. I wasn't going to let them bankrupt AMC like they did Toys R Us. We just has an Earnings call March 1st & RETAIL OWNS 90%+ of the float, institutional ownership between 32 and 45%, and the price systematically pushed from $72 in June all the way to $14 early this month. Basic math skills show SYNTHETIC SHARES ARE A PROBLEM. YOU jumping in gives me hope that enough pressure might come to bear to actually do something about this. I've followed you for many, many years and you continue to prove that to be one of the most intelligent moves I have ever made. THANK YOU FOR YOUR LOVE FOR THOSE WHO NEED HELP

@tuckerfrd1 2 жыл бұрын

10 more "thumbs up" 👍👍👍👍👍👍👍👍👍👍for your comment.

@MarcoAshford 2 жыл бұрын

Plus, the hedge fund hired media writers to post negative AMC articles on Montley Fools every single day since Jan 2021. Just to help them with shorting the company. Control the social media to block regular people from the truth. I recall back in March 2021, they posted a negative article about price drop right before they short the stock and drop the price to trigger the stop loss users. On yahoo finance, youtube, reddit, a huge number of bot account is created to post obvious negative comments to scare people off. They disabled the buy button on popular trading apps and short the stock at the same time back in Jan 2021 illegally causing stock price to drop over 75% in just a few days. They direct retail orders to darkpool to prevent stock price going up when the momentum is about to swing in. Real shares are already long gone, so they naked short selling synthetic shares back and forth to bar code, Spoofing and ladder attack the price, when volume is low. Millions shares of Failure to deliver. The OBV chart showing equity flowing in much more than flowing out, company is recovering from pandemic everyday, yet the stock price tanking like 10-20% for no reason when the overall market is down 1%.

@infamousgamer 2 жыл бұрын

I have liked and subbed to Jon after this video. He should do another with a deep dive into some of the math and due diligence done by the apes that effectively proves market manipulation and predatory financial practices from the "free" market.

@InfernoTuna 2 жыл бұрын

Refreshing to hear someone from the SEC who says it how it is and doesn't give empty answers. No bullshit here. Fantastic interview

@jivamuktigoushou7825 2 жыл бұрын

I couldn’t agree more! The best interview I be heard in a long, long time both from Jon and his guest

@donsolos 2 жыл бұрын

12:34 "Its not a free market, I dont even know if its capitalism" Powerful words

@pochuyma9530 2 жыл бұрын

Jon Stewart, You teach more about trading shenanigans in 30 minutes than any University teaches in a Bachelor's degree in Economics! 😄 Bravo!👏

@eavyeavy2864 Жыл бұрын

that you dont take? Pauper 🤮

@eavyeavy2864 Жыл бұрын

and 35 poor sheeple

@maxmoser412 2 жыл бұрын

The workers never get a real win, but businesses win every day at their employees expense. The system we currently have doesn't even come close to resembling a free market.

@teresathayn5170 2 жыл бұрын

True.

@placebojesus5652 2 жыл бұрын

Never say never, progress has been made in the past but it took an incredible amount of effort.

@altumurnemtzra2026 2 жыл бұрын

@@placebojesus5652 negative progression is not progression

@maxmoser412 2 жыл бұрын

@@placebojesus5652 I hear ya. Guess I'm just disillusioned because the victories always seem to be outpaced by regressive countermeasures. For example: We've been fighting for a $15 min wage for so long that $15 is now insufficient. The oppressors will eventually pay $15, but by that time it'll be insignificant to them, and insufficient for us. They still win.

@crystalwalker4403 2 жыл бұрын

And they wonder why they are having trouble finding workers. They are trying their hardest to pay their workers as little as possible to get as close as they can to slave labor. They are getting rich off of the work of people that cannot afford the cost of living. This little capitalism experiment has become so corrupted. If people really did the research of the rise of the cost of living, and the rise in the cost of goods over the last 4-5 decades, and how the pay rates have been stagnant, and have not risen in proportion. Then look up the salaries of the corporate executives, the bonuses, and the profits of their shareholders vs. how much the people that do the physical work that keeps these businesses functioning. Why would anyone want to work for these greedy corporations, or patronize them. The problem is, it is so widespread that we don’t have a choice. On top of that they spend their money on buying politicians to do their bidding instead of paying their fair share of taxes. Then they get to have more control of how the country is run, and it’s laws than we do, even though middle and lower income workers are the ones paying to keep it running. Explain to me why the IRS is willing to put more of an effort to take a couple thousand dollars from people living in poverty because they could not afford to pay their taxes, than they are to investigate and collect from the wealthy that can afford it, but are purposely defrauding the government to try to avoid paying. Wonder how much of the national debt we could eliminate if everyone paid their fair share. The wealthy should have to pay at least the same percentage of their salary as the average American that makes a living wage. And no, they should not get tax breaks because they create jobs. People doing those jobs cannot even afford rent, food, clothing, utilities, healthcare, and dental care. They have to prioritize whichever is most dire at that time as the bills rack up. Creating those jobs is not a favor, they are getting sickeningly wealthy from the labor of those employees. It is time to tax the rich, and give the average American the tax breaks, we are the ones who need them. The labor shortage is hilarious, and much needed. You don’t pay, we don’t work.

@AnonYmous-xj5fp 2 жыл бұрын

I'm a federal employee. There has been an increase in corruption in the government for at least a decade. It's demoralizing and tragic. I've thought a long time on steps we need to take. 1. We need to get political appointees OUT of government operations. They just cause operations to get caught up in DC politics. Work is thrown out constantly just because it was the last guy's thing. 2. We need to fund modernization efforts to make us more effective. Update all of our systems. Start making a better data/ information sharing plan between federal agencies (and eventually state and local). 3. We need to enforce our own ethics standards. And 4. Develop a long term plan for how we continue to manage change and stay abreast with technology These are what I see as the first steps needed. But it has to start at the top or from a groundswell. Federal employees with ethics are often blocked, choose to step down, take demotions, or any number of repercussions. Whistleblower laws only work if you have a criminal level proof of intent. Otherwise it can get mitigated away. Corruption is subtle and sophisticated. We need a task force or a culture change.

@OpiatesAndTits 2 жыл бұрын

I’d vote for you because that sounds like a plan. Part of the problem is government hasn’t been working for people for so long that people have lost all faith and now there’s an entire party dedicated to neutering government. Even Nixon signed laws to make government work for people. But since probably the Carter era (I think the neo liberal thinking started with him) there’s been this view of markets as “complex problem solving machines” which they are not. So they goal is not to have government do the job but setup markets to do it. Obamacare is the crowning achievement of this ideology and frankly the exchanges don’t work properly. You know what parts of the bill do work? The expansion of Medicaid and consumer protections the bill also came with. So we’re stuck in this self fulfilling prophecy where government is the problem which makes government the problem.

@AnonYmous-xj5fp 2 жыл бұрын

@@OpiatesAndTits Yes! You hit on a great point about ACA ("Obamacare"). One of the best things it did for our healthcare system were the provider enrollment and screening requirements. Forced A LOT of bad doctors out of at least Medicare/ Medicaid. And if those kick you out, it's hard to get the other insurance providers to take you. And that was just requiring things like making sure the doctor billing isn't dead! I'm flattered that you'd vote for me, lol. I like being a civil servant though.

@AnonYmous-xj5fp 2 жыл бұрын

And side note: the recent push for hospital pricing transparency is a great initiative too, but it's not being operationalized (and funded) effectively because it was an initiative from the last administration. Such short-sighted politics.

@OneAdam12Adam 2 жыл бұрын

I agree 100 percent. I just retired from government because I was railroaded. I spoke out against the corrupt, hostile work environment and widespread bullying by incompetent ladder climbers. It's repulsive. I've witnessed so much mistreatment of good, ethical people. Gaslighting, doublespeak and manipulation are prevalent. Morale is at all time lows. No wonder nobody wants to work.

@dogeared100 Жыл бұрын

George Bush etc al

@tristandavidmanley8150 2 жыл бұрын

Jon has clearly spent a lot of time diving into this world and I love it. It's awesome to see him use his influence to educate the people.

@stryed3483 2 жыл бұрын

Susanne Trimbath would be great, if she's willing. She wrote a book on the subject and has been following the GME issue.

@philip9670 2 жыл бұрын

Finally someone who has the guts and the courage to tell the truth in media landscape!

@shaelunamidnight3585 2 жыл бұрын

I hope this comes a mini series within the podcast. Jon and crew are really making it easy to understand this stuff from a regular person perspective I hope he can talk about the problem of lobbyists from an government vs private business perspective as well

@bambigassmexican8641 2 жыл бұрын

You know where to scare him everyone stops working for a couple weeks

@NexusARC 2 жыл бұрын

I am hijacking your comment to say Dick Tracy was one of the first to say it, 1927.

@teresathayn5170 2 жыл бұрын

I told my husband that during the lockdown! We, the working class, strike until THEY meet our more than reasonable demands! It Would Work!

@AnonYmous-xj5fp 2 жыл бұрын

Yes! Me too! The relationships between bureaucrats, politicians, and business people is too close for comfort in some Agencies. Ethics rules exist for a reason and should be enforced. I got waved off too many times when I flagged suspicious contract approvals.

@jimpalmer792 2 жыл бұрын

"Jon and crew are really making it easy to understand this stuff from a regular person perspective" Yes; bless you, Jon Stewart ! The only problem is that once the regular person finally 'understands' all the 'stuff' that is actually going on the only conclusion that they will inevitably come to is that America is badly, badly, badly broken and arguably unfixable; it certainly appears that the current 'nuclear meltdown' of America is unstoppable. The World can only hope that America does not take the rest of us with them when they finally 'implode'.

@amospan14 2 жыл бұрын

Incredible conversation gentlemen! Shout out to former SEC commissioner Rob Jackson to join the show and share his personal experiences and possible pathways forward for our financial system with the audience. As always, Jon, fantastic work! This is such an important conversation to be having today. Let's find a solution that would work for both retail investors as well as institutional investors. I look forward to listening to your podcast each week. Just a fantastic job overall! Bravo! Keep it up! =)

@geofreyumanger6542 2 жыл бұрын

Well said! Can I also get any idea of a more smart way on short term investment here?

@dr.ervingalen1777 2 жыл бұрын

A CNBC news host spoke so highly of💕Christine Lynn Saitta and her loss prevention strategies

@davidhudson3001 2 жыл бұрын

I'm 57 living in Florida just got my first house paid in full cash feel so happy for myself and my achievement true this madam Christine I melt here. So glad i made a good decision about my finances that changed me forever

@investorwest8735 2 жыл бұрын

@@ericalorraine7943I lookup her name and found her accreditation, qualifications on FINRA and SEC, she seems really solid. I leave her a mail on her webpage🙏

@ketoswilly7581 2 жыл бұрын

Investment now will be wise but the truth is investing on your own will be a high risk. I think it will be best to get a professional👌

@carlodelafuente8807 2 жыл бұрын

This video needs to be retitled to " How People are being cheated by the stock market" My mind is blown! Thank you Jon. This news needs to be shared far and wide.

@WrenchingWarrior 2 жыл бұрын

Thank you Jon for doing this for the little guys. You have a louder voice when it comes to this and need to bring this to light. 2008 is unforgivable.

@MillieMuncher360 2 жыл бұрын

This conversation was the pinnacle of truth that will "fall on deaf ears". Bravo Jon Stewart, now PLEASE 🙏 use your platform and mighty voice to help change this bullshit narrative in the corrupt stock market.

@NICO-Z-TRADER 2 жыл бұрын

Jon you are a legend ! As a retail trader, it sickens me to see all this. We know that this "casino" has rigged rules. The inability of the so-called gov regulators to step in and plane the field play is appaling ! By the way, PFOF is one important issue. There are still other issues such as high frequency trading. In any case, this is another good content and you are doing a treemendous job Jon ! I wish more of the so-called financial journalist had more ethics and spoke about these fundamental issues !!!

@Poppa_Capinyoaz 2 жыл бұрын

PFOF and HFT's were proposed by Bernie Madoff, that alone should be enough to get them outlawed.

@ggrthemostgodless8713 2 жыл бұрын

""As a retail trader, it sickens me to see all this. We know that this "casino" has rigged rules."" mmmm... sure, but you are STILL a "retail trader" aren't you?? Nazi soldier: ""it sickens me this whole situation, but I have to feed my family, I need this job, I just follow orders, we gotta play within the system, this Hitler guy is awful but he does make the trains run on time, just don't look at its contents"" Yes, same mentality, though not the same DIRECT effect, but down the line it is worse than that.

@NOMAD-qp3dd 2 жыл бұрын

@@Poppa_Capinyoaz ikr?

@PrettyGuardian 2 жыл бұрын

It is sickening! The corruption is physically nauseating.

@PrettyGuardian 2 жыл бұрын

@@ggrthemostgodless8713 Do you think the system would come to a hault if retail traders stopped participating in it?

@Nakashi555 2 жыл бұрын

Once again, this is why we need John. John makes facts like this to be known for the general public. We need John.

@AtillatheFun 2 жыл бұрын

This guest needs to be a regular. He’s amazing and just as entertaining as Jon. Amazing duo.

@ericloew3820 2 жыл бұрын

Thank you for taking this on, Jon. First I want to say I've been a fan of yours since I was 10, all the way back in 1999. Watching you with my mother is one of the few good memories I have of her. Anyways. I invested last April because I learned all the shady bullshit going on and now attempt to play the game back that they invented. I wish more people would talk about this. It's literally all of the money in the world.

@AnonYmous-xj5fp 2 жыл бұрын

Same. I've been a fan for a long time. So glad that someone is shining a light on some real issues. Things we can unite on as a country too. He's inspired a generation of critical, insightful journalists too. Leads the way! There's so much we can all agree on that's messed up in the US. Why are squabbling over BS all the time? We could unite and do great things for future generations.

@bfg3890 2 жыл бұрын

No its not there is a world outside the USA

@doggonebangtree7915 2 жыл бұрын

One of us! One of us! One of us!

@EA-tc6kb 2 жыл бұрын

That's idiotic. Financial professionals spend months assessing a company's prospects, assets and their intrinsic value. The shit starts with fools who think it's easy, you're competing with the rest of the world, it's sad really. Punchline is always the same... "Open an account with us and start investing today!"

@nancygilbert5905 2 жыл бұрын

My grown children call Jon Stewart "My mother's boyfriend."

@DrejaAndi 2 жыл бұрын

John should be invited to speak in front of Congress every time they convene. And I also wish news networks did the type of in-depth analysis of important issues like he does.

@dogeared100 Жыл бұрын

Really. Did you listen. Congress is complicit.

@KevinRay_man 2 жыл бұрын

Man, I've missed Jon so much. I love John Oliver, and last week tonight. This discussion in particular really illustrates why Jon is so special, to me at least. John, albeit enthralling to watch, entertaining and wildly intelligent still has to rely upon written jokes every so often be it five minutes or three or ten. Jon on the other hand, I can't believe I just watched two people discuss the stock exchange for over thirty minutes and was surprised it was already over. Jon does that. He's incredibly well read and his enthusiasm for understanding and finding a solution is clear to see regardless of topic he covers. Jon can just talk like a normal person, sans script, and is more entertaining and more importantly you learn more. LWT is great, I've just really missed Jon. I mean, Jon taught John after all. Long diatribe just to say 'Jon's the type of guy that could read the newspaper out loud and make it interesting and entertaining.' Glad to have him back.

@nevermanishere4555 2 жыл бұрын

Jon spits more at home but is still the man who can bring clear thoughts to the intellectually curious. One of my favorite humans.

@neuropsidoc4670 2 жыл бұрын

Jon thank you for this video! There is so much more to discuss on this subject. The finance industry now takes 1/3 of the capital from a company just to launch it as a publicly traded company. In 1970 15% of our GDP went to financiers and now it is 42% of our GDP goes to people that do NOTHING. They are not even good at risk management because they count on the bailout. Imagine if half those resources went wages and research!

@screenarts 2 жыл бұрын

We make nothing

@neuropsidoc4670 2 жыл бұрын

@@screenarts Bankers at Goldman Sachs make hype and are good salespeople but that's about it. They mostly design derivatives to confuse and take people's money.

@TheHauntedKiwi 2 жыл бұрын

Parasites. They're like tapeworms, but worse.

@FakingANerve 2 жыл бұрын

Could you please provide a link for those figures? That sounds absolutely horrifying.

@ClizzyFly 2 жыл бұрын

Thank you for shining a bigger light on what the everyday person who invests in the stock market is going through and how they’re being manipulated and laughed at. It’s legal crime. Simple fix, ban PFOF and close the darkpool.

@JDnumero1 2 жыл бұрын

The darkpool is a big problem, but trust me, you don't want it closed. When a major index or fund dumps their shares, it keeps the price from going into a free fall. The same way it keeps their gigantic buys from causing a massive upswing. It is necessary. However, it has been grossly abused, especially in the last year. What it appears to be, is that our (individual investors) small orders are getting lumped together into massive blocks, and then processed. Something needs to be put in place to stop our orders from being grouped together, and making sure they get processed on a lit exchange.

@siancoy8753 2 жыл бұрын

@@JDnumero1 someone with some actual knowledge 👍

@QazwerDave Жыл бұрын

The set up of this show is brilliant !! John makes an episode about something. He is then approached by experts who adds something to what he said in the show in a podcast format. Half of it makes itself !!

@shaefrost7387 2 жыл бұрын

Love the way your brain works and makes connections. The fact that you share your connections commends mass respect.

@JAY-rk2sm 2 жыл бұрын

They need to close the darkpools , SEC has the power to but they won't.

@selmonpogba6080 2 жыл бұрын

True. But like Rob said wallstreet will sue the SEC in that case. The system is rigged, these changes have to come from Congress and the Senate. Now imagine how difficult it is for that to happen.

@JAY-rk2sm 2 жыл бұрын

@@selmonpogba6080 Yeah rotten to the core , But with manipulation evidence surely they could suspend for a time period at least ? Well sooner or later it will all come crashing down ☘

@selmonpogba6080 2 жыл бұрын

@@JAY-rk2sm Agreed. Again, the SEC will be taken to the court (and probably win). They should have let things crash in 2008, it would have flushed out a lot of this crap, but wallstreet is smart, they fund both sides of the political system so they get what they want no matter whos in power. The entire system is rigged to an extent thats difficult to comprehend. With money you can buy the freedom from consequences

@t-point7569 2 жыл бұрын

Because they are together

@barbarabradley8881 2 жыл бұрын

Yes the do since 2018

@Bibliotics 2 жыл бұрын

It is so hard to listen to a person who has bought into the “free market” BS. John I can’t say how much I appreciate your new program.

@AnonYmous-xj5fp 2 жыл бұрын

Yea, why are all of the world's best data scientists getting swept up to build faster models to beat out competing funds? That's what we (as a society) want people to focus on? I don't think so... What about funding health research with better tools and training like that? COVID reporting and analysis was a nightmare because of the lack of training across the healthcare systems in proper data quality controls/ reporting. Or the housing crisis? Climate change? The answers to a lot of issues would just be to make the programs running them more efficient - better at knowing how to use their funds to achieve their mission.

@dancinump6625 2 жыл бұрын

I'm so glad SOMEONE is using their voice and their large platform for the small guy.. Jon I'm so thankful for you doing this. You have an entire movement behind you. Please keep pressing the issue on this absolute travesty in our system of political, banking, and economic structures.. The corruption goes DEEEEEEEEP... This isn't a fight that will go easily or quickly... Please keep doing what you are doing and I promise you'll be remembered in the history books. God Bless!

@janetcbass 2 жыл бұрын

Thanks Jon, this needs to be out there! If you want to know more about this private feed stuff, read Michael Lewis' Flash Boys. It's a great story as well as an education.

@davidsUnscriptedLife 2 жыл бұрын

Robs a good guest.. please have him back on the show

@dunkmeister 2 жыл бұрын

Yeah Im a fan for sure

@ozmanozman5826 2 жыл бұрын

Yeah have this guy back again please so he can tell us more about the iner workings of the SEC and it's challenges, thanks.

@jivamuktigoushou7825 2 жыл бұрын

Yes, amazing guest!

@wildwest1832 2 жыл бұрын

its nice to hear someone talk about this. It shouldnt be rigged like this. Its been over a year since GME. What is better today?

@AUniqueName 2 жыл бұрын

What's better is all this exposure going on. It's gonna be a slow process my dude but the fire's been lit 🔥

@ryanshaw4250 2 жыл бұрын

@@AUniqueName lol. Been in legal Mj for close to a decade and we beat epilepsy, nerve issues, pain, cancer.. and yet.. the crooked FDA still has us forced into bankrupcy and black markets with no ability to do clinical trials which dont get shut down. Your hope that our country is anything but a big racket is sadly mistaken.

@willking9043 2 жыл бұрын

The other day me and my wife were talking about everything going on i.e. raising rent, inflation, stagnant wages, ect. and I came to the conclusion that none of it really makes sense that our economy is doing so well. Yesterday I started watching these videos, and now I get it. We are just waiting on the next great depression.

@JoshSweetvale 2 жыл бұрын

Oh it's worse than that. There isn't gonna be a great depression. The financial system is so divorced from reality, something entirely new will happen. Something that's never happened before. This entirely fictional, unconnected-to-reality money machine will keep spinning, and it will fly off into the sky. What do you call that? It's not a crash, the number on the stock ticker is going fine, there's another bailout. But you and I are starving. It's not a crash, because the state has gone up into the sky along with the currency. I... don't think there's a word for it yet.

@RigelOrionBeta 2 жыл бұрын

@@JoshSweetvale The word for it is dystopia. In a dystopia, a tiny fraction of the population lives in incredible wealth, while the rest live in abject poverty, working to satisfy the wealthy. And the only people with the power to change things, are the people with all the wealth. We may have more crashes, but the crashes will continue to get more severe to the point where we don't have any more crashes, because there is nothing to crash in the eyes of the power brokers. The rich will have successfully rigged the game so much, that crashes only affect the poor and not the rich, and therefore will not even come as a blip on the radar of the rich. And we are currently seeing such a crash right now, where only the lower classes are suffering, and those in power do little to nothing because they are beholden only to the rich. Even with the 2008 crash, the rich came out with more money and greater power consolidation that before. And none of them got charged with any crimes for tanking the global economy. We are heading quickly towards a dystopia. That is the word for it.

@JoshSweetvale 2 жыл бұрын

@@RigelOrionBeta No. Too generalist.

@arcadeus5546 2 жыл бұрын

@@JoshSweetvale Sounds like economic rapture

@rnarud 2 жыл бұрын

Thanks Jon !!! Glad you are using your platform to shed light on these issues for us little people

@HighAvenger 2 жыл бұрын

2 major problems. -Regulators owning business they regulate. -Do as I say not as I do rules. We’re going to collect all your information for whatever we want. But we are going to hide everything about our organization we can.

@johnnew5927 2 жыл бұрын

The guy that created the mortgage backed security made $660 million over the time he ran Countrywide. Had him dead to rights with internal emails that fraud was happening. Paid only $66 million fine for that harm that he and his company created. If you robbed a bank and only had to pay back 10% in a fine and also not go to jail, why would you stop robbing banks?

@TheHauntedKiwi 2 жыл бұрын

@@doctorberkowitz It's because they used an appropriate enforcement mechanism

@jackychan8146 2 жыл бұрын

The market broke

@BeHappyTo 2 жыл бұрын

@@doctorberkowitz A king is easier to target than a web of private companies who also have way better security. It's easier to fight a soldier with sword who knows his King is mad than to fight a brainwashed man with a gun and his friend at bank who will take your lifesavings away. Also, it's easier to get angry when a soldier comes and takes your crop and lifestock than when your boss lets you go or when you lose yearly due to inflation and have no way to protect yourself.

@jeffarnold3229 2 жыл бұрын

Great way to put it. I’m waiting for Pelosi to introduce a bill decriminalizing insider trading.

@Loengrinn 2 жыл бұрын

Purdue ended up having to pay $6 billion in that settlement, which ended up bankrupting the company. I think they should have also sent some people to jail, but that at least had the financial repercussions to deter similar acts in the future. So clearly the enforcement mechanisms understand the level of reprisal necessary to prevent future occurrences, which would imply they're choosing not to slap certain offenders wrists hard enough to be disciplinary by any means.

@stefannicolae5885 4 ай бұрын

This is the way journalism should be conducted everywhere. John good health to you and a long life!

@phillipworts5092 2 жыл бұрын

Incredibly informative. Thank you guys for everything you’re doing. Listening to this is fascinating and infuriating and I am torn on how I should interact with securities.

@scurvy77777 2 жыл бұрын

"The stock market is a graph of rich people's feelings. Nothing else." - Krystal Ball

@lauraw.7008 2 жыл бұрын

Oooh I like that.

@EA-tc6kb 2 жыл бұрын

@iamwell5654 2 жыл бұрын

😭😭so true.

@twocool2trip229 2 жыл бұрын

We need Jon and others to keep talking about this. So important to the economy

@investormfip 2 жыл бұрын

Good job exposing the crooks on Wallstreet.

@telocity Жыл бұрын

Fantastic, well done, understandable and inciteful. Will be sharing this with everyone I know. Thank you!

@rodneynoble6046 2 жыл бұрын

I swear this show is like a class. Love it!

@GeraltBosMang 2 жыл бұрын

We already know what the problem is for the past decade, Citizens United v. FEC.

@CptApplestrudl 2 жыл бұрын

"donating unlimited amounts of money to politicians doesnt even make the appearance of corruption" US supreme court

@MrJasonwisdom 2 жыл бұрын

I really like how Jon is diving deep into this, and trying to understand & explain how the system works at a layperson's level. I still think some concepts are cryptic, even as these financial experts painfully try to explain them, but at least people are trying.

@ggrthemostgodless8713 2 жыл бұрын

What!! All is well that ends well?? "At least people are trying"? And don't put YOURSELF down with "layperson's level", they can and should make things clearer, plus reading a book on how things work, the lingo can be picked up fast.

@MrJasonwisdom 2 жыл бұрын

@@ggrthemostgodless8713 I never said All is well that ends well, where did you get that. Would you rather people like Jon Stewart and Rob Jackson NOT try to explain to us what really happens?

@ggrthemostgodless8713 2 жыл бұрын

@@MrJasonwisdom Sure it is better if Jon does the explaining... but I took your "tone" to be nonchalant when you finished with ..."but at least people trying"... it is my bad anyhow if I took it the wrong way. Take care man.

@MrJasonwisdom 2 жыл бұрын

@@ggrthemostgodless8713 yes you did take it the wrong way - the veil of finance has shrouded us all for many years. The lazy approach is to say "those evil bankers" and go no further in making an effort to understand. At least Jon and friends are "trying" to explain to us how that Wizard of Oz really works. My point was that even after watching these videos, I still don't understand how it all quite works. But I am glad that somebody is trying to distill it down for laypeople.

@ggrthemostgodless8713 2 жыл бұрын

@@MrJasonwisdom Well, for what is worth, most people who work in "finance" have no clear picture of what they do, nor historical perspective if you ask them, most of them only do that part of the chainlink they are supposed to do and go home, they got no idea how what they do affects people down the line or off that specific line of "finance". That is why most of them can honestly say it was not my fault, like god nazi soldiers most of them were just doing their job, obeying orders and THEY THEMSELVES didn't do it, after all they didn't design the system, and they need a job to feed their families etc etc. The top guys and gals are Maddof-type psychopaths, or at least sociopaths, they couldn't care less about how that affects others down the line, it is not in their immediacy anyhow.

@ItsBondoBaby 2 жыл бұрын

Great episode! Lots of information here. You’re the man JS!

@endlsfn55 2 жыл бұрын

Thank You Jon !!!!!! We need more voices like yours to all this craziness .

@kdnofyudbn5918 2 жыл бұрын

This should be on all the major news channels, but that won't happen. Thank you Jon Stewart.

@joe_higachi 2 жыл бұрын

You have to pay Tim apple for the privilege

@christophergongora7885 2 жыл бұрын

But Kim and Kanye hold hands like normal people

@kylezo 2 жыл бұрын

@@joe_higachi you literally just watched this for free on youtube Apple TV+ is a major network

@joe_higachi 2 жыл бұрын

@@kylezo this is not the full show, thank you come again

@jonathaneklov6515 2 жыл бұрын

Thank you Jon for the great work you have been doing. Much love from an Ape and don't be suprised to be dubbed Silverback if you keep it up!

@JH-ji6cj 2 жыл бұрын

Reading this comment section cluing me in on why Ape themed NFTs are such a popular meme.

@othmane9818 2 жыл бұрын

Good to see Jon shed more light on these market structure issues. 16:21 was my reaction to most of this while reading the DD too hahaha

@RipleyJ 2 жыл бұрын

as a Canadian, I wish we had someone doing the work at the level, passion and care you do John! As a producer myself, I wish i had the skill set, intelligence and half your abilities to do this work for my country... Welcome back!

@dogeared100 Жыл бұрын

Paul Jay.

@olasylvia1 2 жыл бұрын

Greed is the root of all evil. This system rewards greed over social responsibility.

@chuckdonal2759 2 жыл бұрын

All I can say is THANK YOU! I appreciate both of you two! Well done!

@hassan4080 2 жыл бұрын

When the heck did Jon Stewart start a podcast? Nice!

@surf_and_girth 2 жыл бұрын

What a great interview! Jon - we missed you. Also took away from this that you find the balls of wall street stunning. Your words.

@Kevin-nm3yi 2 жыл бұрын

Amazing discussion... love how both would toss up issues to play pinata with. Rob was a great conversationalist and provided great insight into the market environment.

@Froglicker5 2 жыл бұрын

This video needs to be shared to all investors!!! Let’s get on it!!!!

@KarenEddinger Жыл бұрын

Your shows are phenomenal! We are so lucky to have you.❤

@housesforsale1922 2 жыл бұрын

I just came across your interviews. Well done Jon. Count me in as a new subscriber.

@limit22 2 жыл бұрын

This and other subjects you have done will be your legacy--spotlight in one hand and the sword in the other. Amazing how well you do your homework and not just cut at the surface and stab deep in the topic and dive in. In the recent world storms, you are the lighthouse we need! Please do not let go on us, fairmarkets and transparency--these are the true criminals of the world a pay to play system two tier system.

@stevenmix711 2 жыл бұрын

Keep going Jon! We AMC apes are here cheering you on!

@flautalee3090 Жыл бұрын

Excellent guest, important discussion.❤

@xevilmx 2 жыл бұрын

Thank you John Stewart for being awareness to this.

@sandollor 2 жыл бұрын

Jon Stewart is our generation's Johnny Carson. Thank you, Jon, looking forward to more of your show and for voting for you in the future.

@zehrajafri9252 2 жыл бұрын

People like Jon Stewart need to take action against these crooks with no shame. God bless truth teller's. Keep the truth alive for humanity and the planet and all life. 👍 👍

@seanfaherty 2 жыл бұрын

No, WE need to do that. Don't put your hopes on a comedian. Get involved in politics

@whatabouttheearth 2 жыл бұрын

He's doing alot considering he's essentially a Democratic Socialist and his brother Lawrence Leibowitz was the Operating Officer of the New York Stock Exchange "Lawrence Leibowitz is a financial markets professional, banker, technology and exchange executive. He currently serves as the president and a board member of Crux Informatics. He is a member of the board of Cowen Inc., a a broker dealer and an investment management firm. Formerly, he was the CEO of Incapture Technologies, financial markets focused technology firm.[1] He also serves as a member of the board of directors of Enfusion, a provider of cloud-based investment management software, outsourced, middle & back office services and data analytics.[2] In October of 2016, Leibowitz was appointed to the board of CBL Markets, an environmental commodity marketplace company based in Australia and the U.S.[3] He is a member of the board of The Giving Compass and Sitehands. Previously, he was the chief operating officer of NYSE Euronext. He was appointed to that post on March 3, 2010 and left in December of 2013 after NYSE was acquired by ICE.[4][5][6][7][8][9] At NYSE, he was responsible for business and product development for the U.S. cash markets, as well as for NYSE Euronext’s global technology systems and development and its U.S. options business. Background[edit] Leibowitz was a member of the NYSE Euronext management committee. He was previously group executive vice president and head of U.S. markets and global technology for NYSE Euronext. Before joining NYSE Euronext, Leibowitz was chief operating officer with UBS Americas Equities. He joined UBS Americas Equities as a managing director in 2004 when the firm acquired Schwab Capital Markets. He was responsible for several areas including market structure, strategic planning, business analysis, regulatory control, and the broker services functions for the equities division. At Schwab, he was co-head of Schwab Capital Markets. Before joining Schwab in October of 2001, Leibowitz co-founded Bunker Capital, a quantitative hedge fund in 2006. He also served as CEO of REDIBook ECN and as managing director and head of program and quantitative trading at Credit Suisse First Boston. In addition to chairing the Nasdaq quality of market committee and serving on the Securities Industry and Financial Markets Association’s (SIFMA) market structure committee, Leibowitz has been a speaker at numerous industry forums related to market structure.[10] Leibowitz is the older brother of comedian Jon Stewart of the Daily Show.[11][12]"

@mziaee 2 жыл бұрын

Oh that face of Jon at 15:00 when he came to know about "Price Improvement"....

@ninino86 Жыл бұрын

I love these intelligent conversations.

@Tangentsunset 2 жыл бұрын

Excellent show, Jon .. Perfect metaphor about when you see a star it's like a time machine reflecting the past, just like the real-time NYSE ticker (for retail investors) on circus/comedy market sources like CNBC .. Market makers see order flow prior to the ticker and their high-speed computers figure out how to profitably match orders in seconds. Market makers themselves get to be referees & players at the same time.

@Gottenhimfella Жыл бұрын

Indeed ... except make that microseconds, not seconds. One question Jon didn't ask: if the exchange can put on a "regulator" hat to get lawsuit immunity, what stops the SEC doing the same?

@charlespark894 2 жыл бұрын

Jon you are a HERO for the retail investors. We love what your doing by trying to make this a fair market for everyone.

@professordick4868 Жыл бұрын

Excellent Conversation!!! Thank you both for your thoughtful insight into this matter.

@712Jefferson 2 жыл бұрын

Bravo, Jon. Bravo.

@kellyg358 2 жыл бұрын

Seriously, every time Jon talks to a financial expert, I get closer to keeping my retirement funds in a jar buried in the backyard.

@teresathayn5170 2 жыл бұрын

I thought putting your retirement in a 401K was insanity!! WHY?? I won't!

@richiejohnson 2 жыл бұрын

@@xdrowssap4456 great point. If everything loses value, skills will be currency. But we're ALL going to take a pounding if we stay on this road.

@tammystockley-loughlin7680 2 жыл бұрын

@P Abullets, seeds and don't forget water. Our land has a springpond. I really hope that it doesn't come to that. Positive vibes from New Hampshire, remember to be kind to each other and yourself

@ESL-O.G. 2 жыл бұрын

Dig em deep

@Tbone.357 2 жыл бұрын

@@xdrowssap4456 well, I bought gold at $400 an oz 30 yrs ago...almost $2k now.... I'll take it😇

@shaelunamidnight3585 2 жыл бұрын

Can we talk about the decline of banks protecting the average bank customers and penalizing poverty and how banks help keep average median workers in poverty through fees and no help in savings in their accounts

@cassandrasmyth8155 2 жыл бұрын

My bank has a literal poverty fee. If your balance drops below 1K, that's a 12$ fine. That should be illegal.

@tammystockley-loughlin7680 2 жыл бұрын

I found the book from my childhood bank account, 1978, I was getting over 4%. Mine now is so small, I didn't even make a note of it. The only reason I'm in the stock market is my 401k...my company matches 5%, I do a little more than the match. My spouse is disabled so my budget to invest is limited. Positive vibes from New Hampshire, remember to be kind to each other and yourself

@tammystockley-loughlin7680 2 жыл бұрын

@@cassandrasmyth8155 check out your local credit union...mine has a $5 minimum.

@StarrlaRo 2 жыл бұрын

@@tammystockley-loughlin7680 I was making 10% however the media was eating Jimmy Carter alive...rich did not like him. Last president not bought by corruption.

@tammystockley-loughlin7680 2 жыл бұрын

@@StarrlaRo Jimmy Carter is a good man, he's helped so many, especially since he left office.

@tylern2668 2 жыл бұрын

This is my favorite series ever on Apple+! Thank you for actually caring about the average Joe.

@anthonyromyn 2 жыл бұрын

Thank you so so much for covering this!

@wildwest1832 2 жыл бұрын

If they were not incompetent the fines for breaking the rules would be percentages. Those large percentages fund the SEC/DOJ to keep prosecuting and catching those crooks. Not rocket science to me so the fact its been this way for 30+ years says they wanted it this way

@davidsundberg2073 2 жыл бұрын

It's not a flaw, it's a feature of the market.

@kiwigirl1735 2 жыл бұрын

Amazing interview Jon I have been involved in AMC and GME for over a year and your interviews have been the best I have seen and you are hitting the issues we have been highlighting every day, Thank you 😊 keep up the great work!

@naymac3 2 жыл бұрын

Same!!! Buying more and holding!!! I'm down over 60k and I'll buy more!!!!

@CoyoteOfSC 2 жыл бұрын

💎🙌🦍

@wandererman21 2 жыл бұрын

Thank you for your journalism. We need this as retail investors. Time for a change.

@TheTeaNinja 2 жыл бұрын

You’re the best Jon! Great interview!

@jacobstamm 2 жыл бұрын

Please do not stop covering this, Jon.

@XxSeedOfEvilxX 2 жыл бұрын

I love that Jon spends a lot of his show focusing on class and money, the things that transcend things like race and other cultural and social elements. Especially considering how most economic inequities affect those cultural and social elements since those inequities favour those who have historically dominated society. Venice's 1% is almost entirely descendants of its aristocracy of the past and focusing more on things like that allows for more unity to address those anti-meritocratic economic inequities first and then add a more intersectional lens to address how this affects unequal opportunities for people of a certain race or gender, etc.

@BlackScholar2040 2 жыл бұрын

Class transcends race? Capitalism and racism/White supremacy have always worked in tandem with each. In fact, co-opting poor Whites to help wealthy Whites oppress individuals is an integral component of US history. I think it would be wise to be more targeted in your proclamations about class > race given that this is not an accurate assessment for many locations that have been colonized by European descent individuals. For example, even when we examine the outcomes of the poor individuals in a country, you will always find that the folx who are most harmed are those who are perceived as not being White. That's why your argument that class > race does not hold water in these countries.

@XxSeedOfEvilxX 2 жыл бұрын

@@BlackScholar2040 I meant that the topic transcends race. I know that capitalism is historically intertwined with racism and sexism and other ills of our modern societies and that is why I said you can use that lens after you've spoken to people's direct economic needs because when you lift the most economically downtrodden people in our societies you will mostly be helping people of color and as a consequence raise everyone's standards of living. You'll have a less divisive lens through which you unite everyone under the same umbrella and afterwards address the more specific ways in which capitalism has historically and currently affected people of color and how that can be amended. If you read my comment carefully you can tell this is what I meant.

@hoosier3060 2 жыл бұрын

It doesn’t matter if you’re black or white. The only color that matters is green. - Peter Griffin

@TROBassGuitar 2 жыл бұрын

It is very intertwined with race

@Pensnmusic 2 жыл бұрын

@@XxSeedOfEvilxX The issue is that people are being blasted with white supremacist propoganda since birth so when they realize a social program or addressing a class issue helps minorities, they hate it and don't want to do it. They believe it's an unfair advantage being given to non white people. You cannot effectively address class issues without talking about the other side of that problem, racism and marginalization. If you don't address those concerns in a transparent and up front manner you leave space for conspiracies to explain the class problems which will be quickly filled with historically fascist and racist notions that certain groups are exploiting white people. You must tackle the feeling of oppression that white people feel when we move towards a more equal society. You must provide a material and historical analysis that helps people understand how society became stratified by race and class. It's quite dangerous to begin by only addressing the class dynamics and waiting until a better time to talk about racism. A better time won't come, fascism will co-opt your narrative and lie to people, telling them they can solve the class dynamics by attacking a historically marginalized group. It will distort class divisions to be a result of degeneration and corruption by historically marginalized people. (In my opinion)

@JotographyGraphics2.0 Жыл бұрын

Thank you Jon Stewart for taking the time to break It down to be more understandable for guys like me. This is definitely a courtesy service public announcement. 🙏

@michelleduff6836 9 ай бұрын

Thank you, Jon. Your reporting is so needed and appreciated.

@nathaliespicker6697 2 жыл бұрын

THANK YOU! Please keep this conversation going!

@IvoryTaurean 2 жыл бұрын

This is a fantastic conversation! Honestly I kind of wish this was done in studio in front of an audience

@Dogen70 2 жыл бұрын

Don't get caught up in Hollywood production. It's the message

@IvoryTaurean 2 жыл бұрын

Oh no I'm not into the spectacle of it I'm saying in the sense that they could have had this in studio and maybe had a Q&A with Rob.

@healinspaces4u 10 ай бұрын

Thank you so much 🙏🏾

@claradidi7573 2 жыл бұрын

crazy things are happening, long term thinking will get us off this period Looking at the chart right now too many macro trends affecting all markets right now how profitable is cryptocurrency investment? because it seems making gains henceforth is farfetched?

@bobbygunz9254 2 жыл бұрын

its pretty farfetched for holders only... I leverage on the volatility of the market for significant returns rather than holding and loosing value to the volatility of the market I made my first mill from going diverse, mainly stocks, ETFs, few Cryptocurrencies and bonds. It’s a long term plan for me so I invest and re-invest. building wealth involves developing good investment habit and understanding.

@chris-pj7rk 2 жыл бұрын

@@bobbygunz9254

@bobbygunz9254 2 жыл бұрын

@@chris-pj7rk i allow *Agnes Susan Hancock* manage my portfolio and she makes all the profit for me. you can look her up on the net

@ragammon 2 жыл бұрын

You’re awesome, Jon. But it was adorable when at minute 20 you said news media’s primary function is to do good reporting. Their job is selling ads!

@caseyvallett8953 2 жыл бұрын

Is it weird that I get a happy tingle deep in me every time he says "the Apes have uncovered" or "use the Apes to help"! It is so great to have Jon Stewart with his megaphone!

@horaciomoronta1165 2 жыл бұрын

Jon, once and again you let me know why I have admired you during all these years, you are always on the right side of issues. Our nation needs millions of Jons and then we will have a great, prosperous, and more perfect union. Thanks dude. You really do more than your share on our behalf.