DSP's Tax Lawyer
kiwifarms.net
- Joined
- Aug 1, 2021
He's still on that Tommy Tooter level conspiracy. Remember, this guy wants to be taken seriously, just like Tom.
I think he just called Matt Walsh a tranny. Since trannies are the ones who enjoy grooming kids.
His in laws just bought a smoker. Why they let this retard near fire, I will never know. But they also gave him their daughter so they don't have great judgment.
Also, I noticed this.
This is his twitch stats. There is a massive drop in views right around when he deleted his entire channel. But there were no drops in followers at the level that the views were. Along with that, his follower count just skyrocketed right around the beginning of 2020. He hadn't begun his politic streaming completely yet so this would make sense to have a slow incline of viewers but this massive jump that is just slowly coming down is a little bit suspicious
Double posting, sorry.
Since going back, I found one video he made that's just absolutely retarded. Like completely wrong on every level.
Feel like breaking it down since Duncan is more retarded with finance than he is with figuring out what a man and a woman is.
0:45 first issue. The people who made money here were other hedge funds. They saw the markets start turning and took out positions themselves at a level that would actually influence the market. Not even a minute in and his understanding is below beginner level.
1:02 The communist understanding of what markets actually do. Such a retarded take about how billionaires play the stock market so they can steal money from the little guy.
1:17 It wasn't a bunch of hedge funds. Again, not understanding the markets or being able to identify who was involved in these trades show how little he bothered to understand before pumping out an unintelligent video.
1:30 English man can't speak English. Also, taking wallstreetbets on reddit seriously for advice. Thats all I need to say
1:45 He didn't even read a basic understanding of short position. The actual basic of shorting is that you open an account with a broker-dealer who lends the shares. The margin account requires not only to pay interest on a position you hold but also have a maintenance margin on the account. He also says you return it after 30, 60, or 90 days which is just not true. Short positions can be held for much longer than that. He also says its for stock and never mentions any other financial instruments. I don't know if he is smart enough to understand other securities can be shorted as well but I would guess he doesn't. Which is why he is making an explanation video.
2:37 He implies that short selling is illegal or that illegal things happen with short selling. Just incredibly untrue information. Within 3 minutes, he has completely discounted any potential point he has tried to make in a video over 11 minutes long. These came out later than before but shorting positions on stuff like WeWork, Carl Icahn, Credit Suisse, Silicon Valley Bank, and the Adani group for examples of the past 9 months or so are things that incredibly disprove his point. The "market manipulation" he is implying here is when hedge funds or groups take a short position, its public information. They may end up releasing a report explaining their findings to see if the markets agree with their findings or not, since at the end of the day its the market that determines if the company is worth the money or not. But to call it market manipulation is about as retarded as saying puberty blockers have zero harmful effects on kids. Which is why Duncan said it.
2:56 the "army" of people he thinks were involved would not have made enough of a dent to get this stock running like it did. Just retarded.
3:26 so here is where his lack of knowledge about how the markets and short selling really rear its ugly head. These "institutions" (broker-dealers for those who actually care about researching before making a video) have the hedge funds under a margin. The price being raised as high meant the short position lost value that exceeded the maintenance margin which required them to either put in more funds or sell the position.
3:36 Exposes exactly what this is, a narrative video to try and say rich people are evil. Facts be damned, he is going to put out his communist world view into a story that fits his narrative.
3:51 I am curious to find out where he heard about naked short selling. His idea that it happens all the time as though its just common practice despite being illegal is incredibly retarded. This here gives an actual understanding of naked short selling and how it occurs in the markets.
4:06 again, thinking he had a story to tell, he goes with this market manipulation.
4:35 So a guy bought 40,000 and made 435,000 somehow caused billions of dollars of loss. His math here just proves that it wasn't the reddit investors doing the damage. I mean, basic math just eludes him but he confidently tells a story and continues to which is just remarkable.
5:34 he doesn't understand how brokers work. For those who are curious, the NSCC/DTCC requires deposits for brokers. Brokers work with clearinghouses to make sure that trades can be cleared with cash and securities being exchanged and require deposits to cover any potential losses associated with the operation of buying and selling stocks. Due to the extremely high volatility of the stocks involved, the NSCC required like a couple billion to be deposited by Robin Hood, which they didn't have. The solutions to this are either to borrow the 3 billion or freeze the buying of the stock to lesson the deposits. This entire understanding of how brokers work completely destroys his 5 minute story from here.
6:40 Using the term market manipulation again, with zero proof. Btw, market manipulation is illegal in the US so he is accusing them of a crime with no evidence at all. He also accused the redditors of market manipulation which is a crime.
7:10 yet again, it wasn't the every day people who made a fortune here when you compare it to hedge funds. But narrative vs facts.
7:35 Completely false once again.
7:50 he talks about these apps as things to never use, and like a blind squirrel finding a nut, he is right. But for literally all the wrong reasons. His narrative is retarded. The actual reason you shouldn't do this is because robinhood makes their money by selling order flow ironically to the hedge fund that Duncan assumes colluded here. Robin hood makes their money by selling their order flow to a market maker who then execute the trades. The market maker gets their money based on the bid-ask spread for the orders. But this is expecting way too much from a manchild with zelda figures in the background trying to explain finance terms.
8:30 he doesn't even understand why gamestock was attractive in the first place. The short sellers were leveraged up on gamestock shorts, which meant their margins were even thinner. There was a threshold to hit that would begin the process of seeing a massive spike in prices. FFS just so retarded and willing to put this all on video.
8:47 just puts out his narrative to bear.
9:33 he completely butchers the entire story of robin hood. He wasn't a steal from the rich and give to the poor. His story was about fighting government corruption. God what a fucking retard.
9:48 Go back to the 5:34 explanation. Just complete bullshit
10:16 it was not informative and obviously done with no research.
10:30 LITERALLY EVERY BROKER WILL CLOSE YOUR POSITION IF YOU DON'T HAVE ENOUGH LIQUIDITY TO COVER THE RISK OF YOUR POSITION YOU ABSOLUTE KNUCKLE DRAGGER!!! Holy fuck its a basic google search that can show you what is done with closing a position. The broker is not going to take on *your* risk in trades. Just a complete lack of understanding on all topics talked about in this video.
I guess this just proves he has always been a retard. But I can't believe he has lived inside such a bubble to think he would do well in debates. I wish he had done a debate with a finance or econ person because it would be funny to just see him completely get destroyed on the basics of this. Like asking him who creates a short trade or to name the NSCC
