http://www.investmentwatchblog.com/who-will-be-blamed-if-the-stock-market-falls/
Motto: this must be why 109 countries blocked reddit.com.
Everything that is said is true in someone’s world. Everything that is said is a lie.
The social/political elite have made the general population dumber than stumps through their programs, pitches and cunning. When you retard the education of the masses, you educate massive amounts of retards.
“Don’t worry Johnny, you get a trophy because you tried” and “It’s okay Sally, you are still a good person” has permeated the very core of generations and generations to come. Very few of the “Generation (fill in your favorite label)” members will have the tools to fend for themselves and as such, when society turns ugly as it will, the split between the serfs and the nobles will be complete.
Goodbye middle class (what’s left of it), goodbye civility. Hello oppression, Hello misery for the daft.
“You say goodbye, and I say hello”
Question: is the entire stock market going the way of the Dodo? I just watched Larry Summers saying that the GME short and Reddit call are “reminiscent of 1929.”
NBC News:
Stocks fell sharply on Friday as heightened speculative trading by retail investors continued to unnerve the market.
The Dow Jones Industrial Average lost 720 points, or 2.4 percent, to fall below the 30,000 mark. The 30-stock benchmark is on track to post its worst day since October. The S&P 500 fell 2.4 percent and the Nasdaq Composite slid 2.6 percent as Apple dropped 4.7 percent and other major tech names slipped.
Shares of GameStop jumped more than 70 percent after trading app Robinhood said it would allow limited buying of the stock and other heavily shorted names after restricting access the day before.
Larry Summers, Ryan Cohen, the CEO of GameStop, who started this off, and Dave Portnoy are all members of the tribe. If you knew the economy was going to collapse, and you wanted to blame it on the masses of deplorables (the media actually describes WSB/redditors as populists, neo-nazis and white supremacists), this would be the perfect setup, no?
WSB “investors” aren’t the majority shareholders. Instead of helping to put bankrupt corporations out of business, so new companies can be created, they are massively inflating the value of the majority shareholders; in the case of GameStop, by 6 times the previous all-time high valuation.
The truth is that WSB aren’t bringing the system down, but giving it new life.
You have to remember that some funds are sitting on gains from pushing Apple from $500 billion to $2.4 trillion; the same story goes with Amazon, Google, Microsoft, and others.
Bailing out a subsidiary for a few billion is pocket change for them. Plus the Fed uses trillions like a dollar bill in a strip club. The idea that WSB thought they could take out the hedge funds is completely misguided.
When the Fed can force the Treasury to print money at will and hand it to the primary dealers, the hedge funds have an unlimited supply. The hedge funds exist to move dark money. Unless you destroy the source of that dark money, they aren’t going anywhere.
Stop feeding the system; most of Tesla’s gain was the cult of Elon Musk buying one or two shares at any price to support their Messiah.
You don’t starve someone by feeding them every day. The real push should be removing all cash from the system, as in getting everyone to close their 401k and all stock positions. Wall Street requires the dumb money to realize gains. Don’t give it to them.
In summation, this has little to do with the WSB kids, but far more to do with the abject corruption of naked shorting, Robin Hood forced selling (and not allowing to buy) while having a very close relationship with Melvin capital.
Now fake news is calling for investigations. Not into the thieving hedge funds (who short naked instead of actual hedging). But investigate a bunch of basement dwellers.
The main guy who did this lives in an apartment, not a mansion.
Now you see why these kids are so mad. The entire system is corrupt. Head to toe. And seeing how Wall Street gave 90% to Dems…..they’re gonna stay mad.
“It’s not about the money, it’s about sending… a message.”
: Reddit is now preparing to unleash “World’s Biggest Short Squeeze” in silver. This should be interesting.
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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