Welcome back to the channel everyone today, i want to talk about how this senator is potentially because ain't, nobody trying to get sued being bribed by citadel to talk positively about payment for order flow, and i want to give you a bit of an update on evergrande. So stay tuned and let's make some money, but before i dive into the video, i just want to give a massive shout out to the 4 800 of you that are currently ding. That notification bell, because you guys are always the first to watch a new video as soon as it's released so guys be sure to drop a like down below subscribe to the channel and ding that notification bell. If you haven't already so that you don't miss another video, just like this one and now i want to dive straight in with the key information.

So this here is senator tim scott, who is recently speaking positively about payment for order flow. He was questioning sec chair gary gensler at the senate banking committee as to why gary thinks payment for order flow needs to go because actually tim scott thinks the payment for order flow is crucial for opportune functioning of the markets. Tim was sat at the senate banking committee, defending payment for order flow and saying that it was absolutely necessary and that gary gensler has got it all wrong. So let's hear what he had to say, then.

Finally, it's having an equity position in the marketplace and, to the extent that we make it more affordable for the average person to invest in this marketplace, they have a chance to literally experience the american dream to exceed their wildest imaginations financially. If you think back 32 years ago, can you do you have any idea what the percentage of american households that were investing in the stock market? Well, we've grown. I mean particularly in the last 10 32 years ago, any idea what it was i mean i don't know the specific number but lower than today about 10 points. Lower good answer so 32 of american households 32 years ago had access to one of the three streams that leads to creating wealth in the station and much of the reason why they had such limited access is because the fees to make a trade were so darn.

High imagine today the average stock price is around 119 dollars with the s p 500. If you invested in a stock in the 70s and 80s, your stock would have to increase to 139 dollars before you made a penny, because you were using those that increase to pay the transactional costs today, it's zero, so literally you have a chance to invest in The marketplace because we've gotten rid of those high transactional costs. So, as you said today, the actual number of households that are able to invest in the market 53 of households are invested in the market. Why? Because the price to get involved in the market plummeted? And so when we hear things like banning payment for order flow, it's in shivers down the spines of people who have waited for this day to come 15 years ago.

It was 15 or 20 to make your trade. Today, it's nothing it literally. You have access to a market if you're a rural america living in saluda, south carolina or inner city chicago for the first time you have a chance to be in the marketplace. Under the biden administration, those opportunities could vanish away so quickly, and that is painful.

As a kid who grew up in poverty who now has access to the market, so basically what tim scott is saying there is because of payment for order flow people, don't have to pay transaction costs to invest in the market, and that is the only reason why Nowadays, there's more people investing in the market than there was 30 years ago now. I think there's two main problems with that. The first reason i think that more people are investing in the market is because it's more accessible not from a fee standpoint, but from a pure accessibility standpoint. Nowadays, people can open up their smartphone open up their fidelity app and buy stocks right there.

And then you don't even need an actual wi-fi connection. You can do it over 3g or 4g or 5g internet back, say 40 or 50 years ago you had to go to your local stock broker to place an order, or you had to go to a telephone ring him discuss with him pay over the phone and It was a much more lengthy process. That is the first reason why i think that more people invest nowadays in the market than there were say 40 or 50 years ago. Tim also notes that say you were investing a hundred dollars in the s p, 500, 40 or 50 years ago.

You might have to pay a 39 transaction fee to do that and therefore you need a 39 increase to break even on your trade, but he then also says that 10 15 years ago, that fee decreased to say 10 or 20 dollars nowadays. That fee is around five dollars per trade if you're not using a payment for autoflow broker, but what tim doesn't state is. This is a five dollar fee per trade, but no matter the lot size. Yes, if you're investing a hundred dollars, it will cost you five dollars, but if you're investing a hundred thousand dollars, it still costs you five dollars and therefore yes, fair enough if you're investing 10 or 15 dollars in the s p, 500.

Five dollars is a very large transaction cost it's about 33 of your position, but if you're investing much more of a lump sum, say 20, 000 or fifty thousand dollars, then a five dollar transaction fee is absolutely negligible. Not only that, but brokers wouldn't necessarily be forced to go to a five dollar transaction fee model. They could go to say a subscription model, for example, which is what's used heavily over here in the uk. Instead of paying five dollars per transaction.

Maybe you pay five dollars per month for ten dollars per month for access to the app or maybe you pay a heightened rate for additional access, maybe to trade, regular stocks, it's ten dollars per month and to trade options. It's twenty dollars per month, and especially a subscription rate model would be very, very negligible in terms of where fees are considered similar to how payment for order flow is obviously free. Paying five dollars per month is basically nothing as well now guys before i dive any further. I wanted to talk to you about something.

A lot of people like you - and i don't have a lot of trust in the stock market at the moment and have been considering other alternative investments. Maybe you like cryptocurrencies or maybe you want to invest in old, whiskies and wines, but have you ever considered fine art? Now, i guess most people don't have a casual 225 million dollars laying around for this famous painting of marilyn monroe, which was actually purchased by our very own ken griffin. However masterworks dot io makes investing in pieces of blue chip art a possibility. Maybe you always wanted to invest in a monet or a banksy or a basket, but you never had the cash well with masterworks masterworks.io.

You can invest in shares representing each of these multi-million dollar paintings at a fraction of the cost. The total physical art and collectibles market is currently valued at around 1.7 trillion dollars and is expected to grow by another trillion dollars over the next five years, and also contemporary art prices. Even outperform the s. P 500 returns by 174 over the 25-year period between 1995 and 2020.

Fine art also has almost zero correlation to stocks, and art has typically outperformed during periods of high inflation and periods of recession as well. Masterworks to io currently holds over 200 million dollars worth of paintings, and over 200 000 users have already signed up. So what are you waiting for? If you want to invest in some pieces of fine art, then be sure to follow the link down in the description below, but, as always be sure to do your own due diligence as this is not financial advice. Now it's interesting that i said earlier in the video that he might have been bribed potentially because i don't want to get sued well unusual.

Wales did some digging and found something very very interesting. Yesterday, in the gensler congressional hearing, senator tim scott asked about payment for order flow and stated that the inquiry would jeopardize financial accessibility. Incidentally, he failed to note his numerous payments indirectly from citadel. Now, if i zoom in here he's received contributions from kenneth griffin directly from citadel asset management to the tune of three million dollars and also one million dollars as well.

Yes, these payments were made in december of 2020, but i think they're still highly relevant. Yes, they're old, but ken griffin basically has tim scott on his payroll you're. Not just going to accept a 4 million donation. Do some work for ken griffin on one day on the 16th and 17th of december, and then never associate yourself with him again.

Tim scott is basically being paid to be ken griffin's spokesperson now. I think that is very coincidental, that tim scott thinks payment for order flow is brilliant for the market and allows massive amounts of financial accessibility. When, coincidentally, he's been receiving massive amounts of money from ken griffin now, i also wanted to give you a bit of an update on evergrande. China's evergrande group is deeply in the red to the tune of around 300 billion dollars is reiterated that it cannot pay its interest for this or for next week, and also the onshore bonds are now suspended.

Now i wasn't quite sure what that meant, but fx hedge also had a similar tweet saying that evergrande says all onshore bonds suspend trading as of september, the 16th. That means that those 300 billion dollars worth of loan notes and debt that evergrande has that's listed on the chinese stock exchange. Well, you now can't trade it at all anymore because it's been suspended now. Obviously, as you may know, stocks bonds and loan notes only tend to get suspended when they're about to be delisted or they're about to go bankrupt or implode.

And, interestingly, katniss amc did something of her own and said. Make no mistake. The ripples of this will trickle throughout the world economy. There is no stopping the full chinese official media says that, according to evergrande wealth staff, the chairman of evergrande's wife and his father and a number of evergrande executives have all redeemed their investments in advance.

His wife had 23 million dollars withdrawn and his father had nine million dollars withdrawn. Therefore, it looks like all of the top executives at evergrande are getting their money out as quick as they physically can, because they know that evergrande is going bankrupt and it looks like they all managed to get in just in time before the bonds were suspended. And i imagine the stock is just about to be suspended as well. Now i spoke yesterday about how this is going to massively impact the u.s markets as well, and how it's going to trickle down to us, because so many us institutions have investments in evergrande, and so many chinese investors also have money invested in the us.

That means that chinese institutions and chinese businessmen are going to have to sell off all of their us assets, so they can get cash back into their home country, so they can support their chinese efforts, meaning they're going to have to sell off tons and tons of U.S stocks and other u.s securities on top of that, it means that u.s companies that are invested in evergrande have also just taken massive massive losses and they're gon na have to reshuffle their portfolios and sell off lots of assets themselves as well lots of u.s assets. Therefore, it looks like there's also going to be a hell of a lot of u.s asset selling over the next coming few days and the coming few weeks, considering that evergrande was very similarly sized to the lehman brothers, it could absolutely cause a market crash, and it Could absolutely cause a domino effect impacting many other u.s banks and other chinese banks as well, and we've also got a tweet from adam aaron, saying cryptocurrency enthusiasts. You will likely know that amc theaters has announced that we will accept bitcoin for online ticket and concision payments by year end 2021.. I can confirm today that when we do so, we also expect that we similarly will accept ethereum, litecoin and bitcoin cash.

This is brilliant. That adam aaron and amc are looking into the future and are planning to accept cryptocurrency payments. People might not necessarily choose to pay with cryptocurrency that often, but it does show that amc is looking to the future and is ready to move with the times. And speaking of which now is the time to ask for blockchain dividends for the future and therefore, amc needs to invest in a blockchain dividend technology.

Now, a one cent dividend is all that's needed to test and implement a new system very justifiable on the books to stay ahead of market trends. And, coincidentally, this would give us the blockchain dividend or the nft payment that we have always needed for gamestop and amc to prove just how many legitimate shares and illegitimate shares. There are floating around right now, obviously, for amc to pay a blockchain dividend. They'll need to know the names and wallet addresses of every single shareholder that holds amc stock in order to pay that dividend, and then they will have absolute proof that synthetics do exist in the market and they can go to the regulators with that proof.

Now, obviously, amc does need to be profit generative to pay that dividend, but amc has been performing very very well this year, especially over the last quarter and could be profitable potentially by the end of this year. If not sometime in next year, guys be sure to, let me know down in the comments below what you think about tim scott being bribed by citadel and also while you're down there be sure to check out the links down in the description below to moomoo and Free trade to get some free shares to my website, to pick yourself up some cool amc, related merch and also to join the private discord and, as always guys if you enjoyed this video, be sure to check out some of my others. Alternatively, subscribe to the channel and ding that notification bell, because that way, you'll be alerted when i upload a new video cheers.