In Episode 230 of Hidden Forces, Demetri Kofinas speaks with Spencer Jakab, an award-winning financial journalist who edits the Wall Street Journal’s “Heard on the Street” column and who is out with a new book chronicling one of the craziest news stories of the last few years. The story centers on a motley crew of retail traders on Reddit’s r/WallStreetBets forum who almost broke the Internet by using social media, the Robinhood trading app, and a sophisticated understanding of options contracts to wreak havoc on Wall Street while making a fortune doing it. This is a retrospective on the now infamous GameStop/$GME: the video game retailer who attracted crazy amounts of media attention this time last year. Spencer and I discuss the facts of the story in detail, how the meme stock squeeze unfolded, who the winners were, and what the deeper significance of this story really is. One year later, what does it reveal to us about how our financial system works, the corrosive influence of years and years of easy money, and the dereliction of regulators to regulate? And what do we make of the metanarrative that’s taken hold in society today, which says that “it’s all just a narrative?” If that’s true, what does that say about not only where the markets are going, but our economy and society as well? These are all questions that Demetri and Spencer explore in this phenomenal and thought provoking episode. You can access the transcript and intelligence report to this week’s conversation by going directly to the episode page at HiddenForces.io and clicking on "premium extras." All subscribers gain access to our premium feed, which can be easily added to your favorite podcast application.
If you enjoyed listening to today’s episode of Hidden Forces you can help support the show by doing the following:
Subscribe on Apple Podcasts | YouTube | Spotify | Stitcher | SoundCloud | CastBox | RSS Feed
Write us a review on Apple Podcasts & Spotify
Subscribe to our mailing list at https://hiddenforces.io/newsletter/
Producer & Host: Demetri Kofinas
Editor & Engineer: Stylianos Nicolaou
Subscribe & Support the Podcast at https://hiddenforces.io
Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod
Follow Demetri on Twitter at @Kofinas
Episode Recorded on 01/24/2022
The End of the Beginning for Crypto | Michael Anderson & Vance Spencer of Framework Ventures
How to Position & Prepare Yourself for the End Game | Grant Williams
Global Food Shortages & the Need for Energy Security | Doomberg
How to Survive in the New Economic & Financial Order | Russell Napier
The Information War & Things Worth Fighting For | Demetri Kofinas
Preparing the U.S. & Europe for Russian Cyber Attacks | Chris Painter
Risks of Nuclear War & the Escalation Ladder | Jon Wolfsthal
The Battle for Ukraine & Prospects for World War III | Peter Zeihan
Hidden Forces Event in New York City | Thursday, March 31st
Quantifying Structural Risk in 'Zombified' Markets | Hari Krishnan & Ash Bennington
A History of Venture Capital & How to Make the Future | Sebastian Mallaby
Economic Warfare & the Weaponization of the Dollar | Julia Friedlander
Russia-Ukraine War & Risks of NATO-Russia Escalation | Dmitri Alperovitch
Nillion NMC: A Secure Processing Layer for Web3 | Miguel de Vega
Update on Ukraine & US-Russia Escalation
The PayPal Mafia & the Founders Who Shaped Silicon Valley | Jimmy Soni
Monetary Tightening & the End of the Risk-on Trade | Mohamed El-Erian
The Metaverse, Virtual Worlds, and the Problems of Philosophy | David Chalmers
Why Did the Future Arrive First in Russia? | Peter Pomerantsev
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money