Today I Want to talk about how Gary Gensler is finally going to be fired? I Want to explain why this is good for retail investors and how it can remove stock manipulation, freeing up AMC and GameStop so they could squeeze I Also want to talk about how short sellers or dumb money has lost billions of dollars so far this year trying to shore AMC So stay tuned and let's make some money and now I'll dive straight in with the accumulation. So Chairman: Patrick McHenry We're just saying for two years, Democrats gave Gary Gensler a pass for his disastrous agenda. He said it's time for accountability, he said. From his destructive climate Disclosure rules to his regulation by enforcement of Digital Assets, Chair Gensler's agenda has weakened Capital Markets and stifled Innovation Now you've probably already seen this video of Chairman Patrick McHenry absolutely grilling Gary Gensler on whether Ethereum is a security or a commodity as you've probably already seen it I Don't want to play the entire interview so I'll skip forward to talk about how new legislation has just been introduced to fire Gary Gensler This article says that a congressman has just introduced new legislation to actually fire Gary Gensler Once and for all, it says Congressman Warren Davidson says he's introducing legislation that aims to fire SEC Chairman Gary Gensler and he said the SEC Chairman will be replaced by an executive director role and former chairs of the SEC will also be ineligible.

He says Chairman Gary Ganza has been under Fire by retail investors ever since he joined the commission back in 2021.. for example, darkpool trading has risen under Gensler's watch, leaving the average investor vulnerable in today's market. In 2022, retail investors petitioned to fire the SEC chairman due to the Sec's failure to enforce regulation that would level the playing field between retail investors and institutional investors. The Retail Community has argued that hedge funds and market makers have too much power and take advantage of investors through payment frauder flow, dark pool trading and suppress the market through illegal and naked Short Selling.

But now Warren Davidson is tweet is saying to correct a long series of abuses. I'm introducing legislation that removes the chairman of the SEC and replaces the role with an executive director that reports to the board. Now, it has been rumored that if Gary Gensler is removed, the person that would likely replace Gary Gensler in that executive chairman role would be none other than Hester Pierce. Now, obviously, we know that Hester Pierce is one thousand percent worse than Gary Gensler and is literally funded directly from the back pocket of King Griffin.

It says that Hester is known for having ties with a lobbyist group of anti-regulators and for voting against the short Sale transparency Act back in 2021. Has the Pierce also completely dodged, skipped, and jumped through all of Charles Payne's questions yesterday or the other day on Mmtop. And therefore, it's likely that if Gary Gensler goes, Hester Pierce absolutely has to go as well. Now, the reason why the removal of Gary Gensler is important is because with a proper SEC chairman or an SEC executive Director, we could actually have more regulation passed through that actually protects retail investors.

Stockport Trading could potentially be removed, payment for order flow could also potentially be removed, and proper enforcement for naked Short Selling Regulations could also be approved as well, and that ultimately would remove the grounds for stock manipulation which we know is so so ripe in stocks like AMC GameStop and many others now. I Want to talk about this post from Wall Street Apes which I half agree with but half disagree with guys. Be sure to sign up to MooMoo the sponsor of today's video. Using the link in the description below, you can currently receive up to 15 free shares entirely commission free trading Free level 2 Market Data and most importantly of all, memory is very easy to use.

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He says how come nothing is ever done about the manipulation. He said it's reported on National mainstream media that Ken Griffin is robbing the world blind with Market manipulation. but nothing ever happens now. Obviously the reason why Citadel and Ken Griffin have not been charged for robbing the world blind with Market manipulation is because Gary Gensler heads up the asset now.

Wall Street Apes has said maybe by approving the reverse split, something will change that market manipulation obviously with a clown face suggesting lots of sarcasm. Now, obviously I Don't think that approving that reverse split removes Market manipulation. but at the same time I think not. approving the reverse split also doesn't remove that manipulation as well.

We know that without the reverse split, AMC will still be manipulated and the price will still be pushed down, likely below a dollar per share where it could be removed from the Stock Exchange and where short sellers would win, but with the reverse split, while Market manipulation is likely still to happen, at least AMC wouldn't be falling below a dollar per share and wouldn't be removed from the stock market. Obviously, the real fight we have is against Ken Griffin and Citadel Securities and all of the other hedge funds are market makers that manipulate the market on a day-by-day basis. We know for an absolute fact that not approving the reverse split will not impact Market Manipulation and manipulation will continue without the reverse split, but at the same time, the reverse split itself is a potential Catalyst It's not 100 guaranteed to remove Market manipulation, but it's also not 100 guaranteed that nothing will actually happen. It's literally a 50 50 on whether something changes or not.

I've spoken time and time again about how the reverse split does not damage AMC as a company or does not impact the chances of a squeeze. If anything, it makes the chances of a squeeze better because at least AMC wouldn't be delisted. But that is ultimately why the removal of Gary Gensler is important or is crucial due to the removal of Market manipulation. and Biggums has tweeted this article that says AMC Entertainment was the most expensive stock to show in the first quarter, and short sellers paid a total of 1.9 billion dollars in stock borrow a phase in the first quarter alone.

Now you also have to remember the price of AMC is up 30 in that time. So short sellers have lost something like another 300 million dollars or 400 million dollars on top of that in actual unrealized losses. So they've got 400 million of unrealized losses and two billion dollars of stock borrow fees just on their own just in that first quarter. And as Binghams has said, the AMC market cap is only 2.6 billion dollars, and short sellers spend almost 2 billion dollars in the first quarter of this year trying to borrow the shares to hold the stock price down.

The short sellers have literally spent the entire float in borrow fees in just the first quarter of this year alone. But somehow we're the dumb money. As I said at the start of this video, clearly, it's the short sellers that are, indeed the dumb money spending a hundred percent of their total short position in one quarter alone just to continue holding a stock down because we know without these shorts trying to hold the price down, and without that market manipulation, the price of AMC would rock it from its current position over a hundred dollars per share, over 500, likely over a thousand dollars per share as well. And that's why Ruters said that Credit Suisse or Credit Squeeze is the biggest threat to the current economic.

Outlook It seems that Reuters is meant to be talking about Credit Suisse but clearly has something else on their mind as they said that credit squeeze is the biggest threat to the economic Outlook With obviously this photo of Credit Suisse Clearly routers have nothing else on their mind but the squeeze, and that's likely because AMC has now just spent its fifth day on a threshold Securities list. I'm excited to see how these failed to delivers or Fdds in AMC continue to rack up over the next few weeks and have a short borrowing fee continues to spiral out of control. Ultimately, I Think it's so important that Gary Gensler is removed from the SEC or SEC chairman role and also that Hester Pearce doesn't receive that Chairman role or executive director role either. I Think we need somebody completely new to overhaul the SEC and effectively remove this Market manipulation.

But guys, be sure to let me know what you think down in the comments below. And as always, guys, be sure to ding that notification Bell because that way you'll be alerted when new video Cheers.