Welcome back to the channel everyone today, i want to talk about potentially the biggest showdown we've ever seen in one corner. We've got the sec and president biden in the other corner ken griffin. Let the battles commence so stay tuned and let's make some money - and i want to dive straight in with the key information. So gop insiders say that biden, the sec and warren have launched a political vendetta against citadel.

The sec has actually launched an inquiry into citadel that targets parts of its business model. Now this was obviously first reported on fox news, where it says sources say that the sec has launched inquiry into citadel, that targets, parts of its business model and fox actually then built on that later in the day and said that citadel founder ken griffin is one Of the top donators to the gop candidates in recent years, so let's hear what was said on fox news: republican donors. We've been tracking his donations, since i would say the last 10 years, 100 million dollars to republicans and republican causes wow at least ellie terret. My producer, if it's wrong, it's all on her, not only kidding but she's, not she's, good, that's big there.

It is, he might be rivaling charles koch, in terms of contributions to right, leaning clauses uh. What gop advisers are telling me operatives in washington? Is that there's a movement afoot by the elizabeth warrens by the gary gensler's to essentially try to neuter his his empire and and and essentially go after him? Because he is this big guy in terms of republican causes? And i don't think they would if he were on the other side, they're saying if you look at some of the inquiries that are going on right now, this whole notion that payment for order flow is some sort of a um, a scam. And you know these things that his citadel does um. It makes no sense, they will tell you other than it's ken griffin doing it and uh.

If you remember, he went before congress and warren gave him a hard time on these things. Gensler is now gary against the sec chief is doing a major inquiry into the meme stock stuff and whether there were any conflicts of interest involving citadel's role in it remember they buy the order flow from robin hood right, so robinhood could charge zero commissions gensler hates This practice, for some reason, i don't know why it works and people trade cheaply on it uh. He may outlaw the practice that would impact ken griffith, it's legal, now totally legal and by the way, not good research into why it's bad for the retail. It's it's still very.

In any event, that's what we're getting from from from people in washington that they're saying that this this stuff that's going on is aimed at him, and it's really interesting because he is, i mean, if you think about it. Jamie dimon personally doesn't give any money. Steve schwartzman gives a few bucks over at blackstone and but you know, he's a republican, but he spreads it out too spreads it out. This is pretty amazing.

We tried to find any democratic donations. We couldn't find any over. The last 10 years, so, okay, there's a political helmet people are saying and by the way he is a republican he's, a conservative. He believes in low taxes and there's nothing wrong with that by the way.

This is what you know you just you promote those policies. Um, you know it's particularly in the face of what's going on in washington right now now. I think this is really really brilliant. You have to remember that ken griffin is a republican and donates primarily and basically solely to republican causes.

Now, obviously joe biden is a democrat. Joe biden also suggested and put forward gary gensler to be head of the sec, and therefore gary gensler must presumably be a democrat, or at least somewhat support the democrats. On top of that, elizabeth warren is also a democrat. So therefore, you've got three democrats against one republican.

Now. This, personally, i think, is a genius marketing strategy in a way by joe biden, the democrats and gary gensler and the sec. Obviously, democrats have realized that ken griffin at the moment has a lot of bad press. A lot of people out there really don't like him, so what would be better than for the democrats to basically screw over ken griffin destroy his business that way pretty much.

Everyone is happy that kim griffin is gone, what a brilliant job the sec did and what a brilliant job joe biden, did and we'll be sure to re-elect him for another turn, because the democrats did that and got rid of ken griffin and therefore this could actually Be a really really good thing that biden, the sec and warren have launched this political vendetta against citadel. Yes, maybe it is just a marketing strategy for the democrats to appeal to the wider public, and maybe ken griffin is going to be a casualty of that marketing campaign, but actually for us that couldn't possibly work out any better now. Currently, most people don't have a lot of confidence in the stock market. At the moment, these big institutions and market makers have all kind of exemptions, there's a lack of reporting and it basically seems like the normal rules and regulations just don't apply to them.

But when investing in cryptocurrency, like bitcoin ethereum and many others, it's more of an even playing field, i personally use blockfy to invest in cryptocurrency, and not only can you just invest in cryptocurrency and buy some bitcoin, but you can also earn interest on your deposits. Up to eight point, two: five percent per year - block fight also offer a rewards credit card with an introductory offer of 3.5 cashback on every purchase paid in cryptocurrency, there's also no annual fees, but unfortunately it's only available in the us at the moment, not in the Uk as well and when you've generated a large profit on your investment instead of selling off your bitcoin to buy a new car, you can take out a crypto backed loan. That way, you can leave your bitcoin invested with blockfy earning you even more money, and you can still get actual fiat cash out to buy things like a new car, so be sure to sign up to block five using my link down in the description below to Get up to 250 worth of free bitcoin just for signing up and making your first deposit. You can see here that ken griffin, hedge fund manager and ceo of citadel has donated over 35 million dollars to political candidates.

That's over the last 10 11 years and obviously in the fox news interview, it showed you that it was over 100 million in the last 20 years and you can see here in 2020, there's three million to the republican leadership fund. Another 3 million here 2 million. Another 500 000, another million here as well, one half million another million, 2 million and so on and so forth. On top of this, the republicans are in a bit of a sticky situation at the moment, as mcconnell gets a gop wake-up call.

The backlash senate minority leader mitch, mcconnell received from fellow republican senators last week, is a wake-up call to the gop leader that he doesn't have any more political capital to spend on helping democrats raise the debt limit again says: gop aides and strategists senate republican aides and Strategists say: mcconnell's reputation took a hit last week when he agreed to a two-month increase of the debt ceiling. After saying for weeks, the republicans wouldn't help democrats on the issue. Mcconnell didn't announce his offer to senate majority leader charles schumer until he released a statement on wednesday and many senate republicans were kept in the dark about it until the statement was made. Public mcconnell's also had criticism from allies such as senate republican policy committee.

Chairman roy blunt, a member of his leadership team and senator lindsey, graham the top-ranking republican on the senate budget committee, who has tried to bury the hatchet between mcconnell and trump. So clearly, there's also a very sticky situation going on in the house of representatives and it seems, like the democrats won't be getting any help to extend the debt ceiling further in december from the republicans now. I also wanted to quickly rewind back to amc and talk about amc's recent volume and how it mirrors what was seen back in may, obviously back in june, that amc volume ran up massively that then trended down over the last few months until now in october. Well, we've just seen the lowest volume we've seen since back here in may now.

Obviously, when we saw this super low volume that was just before the may june run up back here in may was when there was the least amount of buying of amc and gamestop going on and pretty much all of those paper hands had sold off their shares. Now this is what we're seeing again here in october, we're seeing the volume dry up we're seeing sentiment at its lowest we've seen the google trend results for amc at its lowest as well, and the hedges have got maximum capitulation out of the paper hands. I've seen many many comments of people getting disheartened about amc and all rightly because the volume has been going down drastically, but obviously that's what the hedges want you to think they want you to give up hope and to sell your amc shares, but obviously us diamond-handed Apes won't be selling a single share. Now i want to rewind you back to a video that i made the other month talking about amazon and jeff bezos, trying to destroy high street companies and brick and mortar companies to move all of that business onto amazon and how jeff, bezos and amazon are effectively In cahoots with funds like citadel to try and crush those high street retailers like toys, r, us and sears, so that amazon can take over more of the sales.

The tweet says i wouldn't be in the least bit surprised if amazon were behind recent moves to decriminalize shoplifting in new york, city and san francisco in order to drive brick and mortar competitors out of business. I think this is food for thought and really something to think about, as it's really really clear to see that amazon is trying to get rid of as many brick and mortar companies as they possibly can, potentially even like amc to help boost their sales. Obviously, amazon. Prime movies would do a lot better without amc.

Now i think, it'd be super interesting to see what kind of donations jeff, bezos and amazon makes to political parties, whether they're democratic and support joe biden and the sec and gary gensler, or whether they side with citadel and their republican. We also now have the inflation data for september and we've seen another massive month of 5.4 higher than august 5.3 and in line with june and july. This is now the fifth straight month over five percent and the year's average is running at four percent. We can see here back in 2008 that we only held over five percent for three months, nowhere close to five months and the year's average was 3.8, so we're currently holding above 2008's inflation levels.

That is absolutely crazy. Considering back in 2008, we saw a market crash in 2011 when the inflation was fairly high at 3.2 percent. We were very, very, very close to a crash back in 2011 as well. On top of this key researchers believe that the inflation magic number is four.

The stories like this, if inflation is low, rising inflation is good for stocks. A rise from 1 to 2 percent means that the risk of deflation, a serious threat to the stock market, has diminished so stock prices should rise. However, there's a turning point when economic gains are offset by threats from the fed, which seems to be around four percent. Higher bond yields are switching from good to bad for equities and markets are focusing on the dangers of inflation, not the rewards from the economy.

That is causing inflation. The four percent logic is not written in stone, but it does have reasonable historical support. Since the s p, 500 was founded back in 1957, inflation in the united states has exceeded four percent nine times, eight of which resulted in the s p. 500 falling in the three months after the only exception, was back in 2005 when inflation fell below 4 immediately after calming investors, and this makes the recent spike in prices alarming.

Government officials insist that the higher prices are the result of reopening the economy, but they ignore the fact there is no president for reopening an economy after a shutdown and therefore there is no way to know if inflation is indeed transitory, guys be sure to. Let me know down in the comments below what you think about the battle between the sec and joe biden and ken griffin, and as always guys, if you enjoyed this video, be sure to check out some of my others. Alternatively, subscribe to the channel and in the notification bell, because that way, you'll be alerted when i upload a new video cheers:.