Uh, okay, i want you to look at this intraday picture of robin hood stock at the very moment that charlie put out this tweet, it was around 309 pm eastern time. He tweeted quote in a huge win for robin hood and a big setback for gary gensler. Who, of course, is the sec commissioner and the amc apes financial services committee dems quietly shelved plans to ban payment for order flow, charlie's, tweet, moving hood stock, which spiked higher at the moment and right now, as you can see, stands at. Can somebody tell me please twenty fifty one dollars up six and a quarter percent to charlie gasping? Wait, i'm sorry, charlie! Please clarify you say this is bad news for the amc apes, some of them like robin hood, most of them don't, and it's not just robin hood, there's a there's, a whole conspiracy theory among the amc apes that payment for order flow is a way that brokers, Like citadel rip off people and ripping off them and helps them and they they go so far as to say it's a little q and honest, but i don't want to indulge it too much, but it's it's! You know they control that citadel and kenny griffin.

They call him kenny g by the way. Remember the guy, with the with the trump the trumpet kenny g. That's why they call him kitty sax, there's a sax, i'm sorry saxophone. It just reminds me of the saxophone dude kenny, and you know in any event, so the financial services committee was looking at it.

They were looking at banning it. There's a ranking member called brad, sherman democrat, obviously nancy maxine waters, a democrat runs it uh who's. Talking about banning it and then quietly in the last week from what we understand, it's not what we understand we've confirmed, they decided to essentially hunt on this they've said that they're gon na they're gon na they're gon na um direct they let they they put out Legislation - let's see if it even gets to the floor, that's unclear if maxine waters. Excuse me: if nancy pelosi, the house speaker is gon na, introduce it to the floor, and then the senate has to vote on it to become law, but so they, just the legislation that came out, was that they want the sec to study it and possibly study A banning of it, so that's it's a complete punt, it's a huge victory for robin hood.

Why is this? That's? Why robin hood stocks going up and the reason? Why is because they make a lot of money on payment for order flow? Let's just define what it is you get to ch to trade at no cost at robinhood, low cost and no cost than other discount brokers, depending on which one you use, because those brokers essentially take your buy and sell orders and sell it to some place else. Sell it to another broker that broker matches the buyers and sellers makes money off of the bid and ask spread it's completely normal stuff. It sounds affairs, but it's not trust me and they pay you for that money. Robin hood gets a lot of its revenues from that.

So if it's going to be banned that some people were talking about well, that would hurt robin hood, particularly as it just became public, and it looks like at least in the short term. I mean you could never say it's never going to be banned, but a bill like this being handled. The way it is means it's going to take a long time for it to be banned. At least the legislation won't happen.

Gary gensler could come out and try to pass a rule that banning it, but it sounds like that's kind of an uphill battle as well, and so how did it? How did it go from? Let's ban it to let's study it and the reason? Why is because robin hood spoke and i'm probably citadel - i have this part i'm just conjecturing on, but they said. Listen. You want to democratize the markets, no matter what you say about what we're doing. We have made sure more people could trade cheaply and more easily than at any time.

Trading. Democratization means more. Minorities are now trading stocks, because it's easier and cheaper. The one way you do, that is through payment of order flow, because nothing comes totally for free and by the way it's not that much.

It's not a scam. I mean you know, you think you think ken griffin is making is scamming people they're, giving you the best execution. That's where we are really that's why the stock is up back to you yeah. Well, well, yeah, i mean that's that's the way.

By the way, you wouldn't believe how many people told me. You wouldn't believe how many people told me. I was on the right side of that mcdonald's argument. Okay, that i was right.

You were wrong. The suits need to get your asses in the office, not just the people flipping. That is not the issue. No, i was saying that the suits got.

Ah, i'm i'm i'm i'm i'm okay, um uh, all right: okay, uh, i'm trying to not freak out here, but all right. It's 3 54. fuck it. That was the dumbest thing.

I've ever heard, let's run down that entire stupid list of word vomit. That came out of there, both both of them were dumb. Both of them literally should not be doing what they're doing, because they don't know what they're talking about. First, one lady, no clue who she is one.

What would it started off? We already knew this was about to be bullshit when she said. I think that the apes, like she rolled her eyes, she's like i thought they like robin hood, no one, no one in this community is like we like robin it, not a single soul. That's bullshit! Right right out of the gate, bullshit alarm, spidey senses that was stupid. There is no one out there in this community of retail.

That's like! Oh! No! No, like we love robin hood. Now that never happened so right away. She lost her credibility because she literally is she's just not saying anything that makes sense all right. More importantly, charlie, whoever that dude is um man, i thought he.

I thought he had a moment to like somewhat redeem his his image of just being like a liar, but right there. He said a conspiracy that payment for order flow is damaging to the markets. Um, it's not advantageous to be a retail trader um. It's not a conspiracy.

People who have literal expertise in the market have said it is bad. It is banned in you, the uk. It is illegal in the uk, it is banned. It is illegal in canada.

So he's saying a conspiracy that market experts in the u.s have said this is bad. He's saying that they're all wrong he's saying that the governing body of canada's market is wrong. The governing body of the uk market is gone because it's all conspiracy, we everyone were in the conspiracy and this ding dong on fox charlie, he's saying no, it's a conspiracy. Everyone else has it wrong.

Dave, lauer, an expert like says: it's completely wrong. People who have left citadel said it is wrong. Why is it wrong it's? So it's such a red herring of an argument to be like oh you're, getting better execution they're, getting better execution, yes and that it like the dude is probably paid off by citadel, because that's citadel's argument citadel says: hang on hang on! This is great payment for order flow is great, because we give you better execution. Okay, there's certain ways: you can slice the data to make.

It look like that, but it's better execution relative to the shitty environment that you've created because of payment for order flow payment for order flow is basically saying all the orders are going to get routed to a market maker. There's not they're not going to go to a lit exchange of dark pool. They go right to that market maker. Who did payment for order flow? It's saying, hey, send all your orders to us and we'll pave you for that.

What this has created is it segments the entire retail trading public when you segment the entire retail trading public. That means leftover as in lit exchanges on exchange trading, it's much more of a competitive environment. When you have a much more competitive environment, the people setting the bid in the ask spread those market makers on the lid exchange, because it's so competitive, it's widening the spread when you widen the spread. That means that it's it's going to cost money, your pension funds, your etfs, your retirement accounts, people trading in there, those types of things, mutual funds, et cetera, et cetera - that costs them money because you're widening the spread.

You have to widen the spread because it's more competitive because no one in retail is trading there, so relative to this shitty widened spread. Of course, it's better execution and they're. Like hang on, like better execution. Look how bad that spread is we beat the mbbo? You should all be coming to us the only reason you're beating it is because you're relatively better than the thing that you made that's already bad.

So if you bring it all the way down and then you're slightly better than that, you can't argue that you did so much better it. This is so it's such a mentally weak argument, but that makes sense because the argument's coming from a mentally weak person, it adds up mentally weak argument mentally weak person. What do you think, like you see the connection there? This is so so incredibly stupid and it's actually like legitimately frustrating, because people are gon na be watching that who don't know actually what's going on they're gon na see it on news and be like hang on. Why are these people arguing for payment for order flow? Why didn't he not mention that it's banned in two countries? Why did he not mention that market professionals have a serious issue? Why did he not mention that in 2004, 2005 citadel securities argued against payment for order flow before they had their own payment for order flow system set up, i'm taking crazy pills? This is insane.

This is stupid. This this is the most ridiculous, weak argument and it's such an incredible red herring and it's so riddled with misinformation that i can feel my cortisol levels going through the roof. This is it's so stupid and hang on. I did have a part three to this that because of this, this came out from nowhere else.

Ding ding ding the market's over, but hang on. This is important. This argument came from nowhere else. I would argue right here, like this news being broke by charlie.

Dipshit is what pumped robin hood. This is not new. Everyone else is reporting on charlie's comments, as in like he was the single source that started this and it's. What he's reporting is actually very, very weird, like it think about this, so he comes out with a tweet hang on.

Let's, let's do some time checks. This is important. Hang on before. I know it's 4 p.m.

I know it's friday, but, like just indulge me for one second check this out: um we're doing this live so charlie, charlie charlie. Where are you i need to find his account check this out check it out, check it out, check it out. Where is it all right here is where i'm bringing this is. I think he charlie is the one that ended up pumping the stock.

Where did he do this um? What time i want the exact time, so he tweeted this at 309 pm today, august 13. 309. 309 right look at this three. Oh you, his tweet is what pumped robin hood 309.

Look where the cursor is folks this. How is this legal? It was his tweet. He is the source of this information, but even this is like it's bullshit. So 309 is what right here 309 and we rip we rip.

We go from what 49 49 70. 49 80 all the way up to 52.. It's his tweet that shot robin hood up, but what's weird about this is, if you look at it and then listen back to his actual interview, i was like: oh did they pass on the bill he's not even properly. If you look at 4617, the thing i've already made videos about this one he's like oh his big argument.

Listen to his verbiage, he's like oh, they went from banning it to now they're going to look into it. We've already known that for a while, i've done videos on 4617 right here to require the sec to carry out a study of payment for order flow. We already knew that it was a study. This particular bill had nothing to do with banning it.

4617. As of july 22nd, this is old news. This dude charlie, is tweeting about something we already know he's like. Oh hang on, hang on a second look.

It they're only going to study it they're not going to ban it. We know that man he's bringing this up. We knew july 22nd to require the sec to study and he's now on the show of saying, like it's, some big thing that they're going to study it now they're not actually gon na ban it. We knew it was a study the entire time.

What this is not new news and he came out and he tweeted it as if it's like some big thing. This was not a breaking news thing at all, ops right here, it's it's in his own words, ops to study the issue. This is not a scoop. Dude, it's a scoop that he took from youtubers from weeks ago.

Man, that's, not a scoop ops to study. What are you talking about opposite study? July 22nd? That's not a scoop! That's not breaking journalism! You right there. This apparently respected reporter is taking news from like what youtubers have been talking about since literally the end of july. This is so stupid, so this isn't a scoop payment for order flows, not a conspiracy to whatever her name is no.

No one in this community likes robin hood and alone this tweet, which is not a scoop. It's in no way breaking news, is directly what pumped the stock at the end of the day 309. You cannot make this up. This is so stupid.

This is so so insane wow wow wow wow like okay. This i thought this guy was about to like somewhat redeem himself and like be somewhat uh of a. I guess come to the realm of not just hating us to hate us and like actually get back to like hang on, maybe trying to express the truth and get down. You know like some journalistic integrity.

Nothing about this has integrity every little facet of this. No matter how you break it down has like mental flaws and logical issues involved. Ops to study, it's not new news payment for order flow is not a conspiracy, and no one in the community actually cares about robin hood. This is stupid.

This is wrong. He should not have done this. This is like very morally corrupt, it's logically stupid and morally corrupt and charles, like you know what you're doing like he's, not that big of a dumbass to not understand it like this is so so dumb. You.