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Nuking Wall Street with GameStop

11 replies on “Nuking Wall Street with GameStop”

These hedge funds are nothing compared to the NGO’s that launder BILLIONS of dollars every year through their 501 (c)3 & (c)4 non-profits which pay NO TAXES!
They simply “donate” or pay “fees” to other non-profits who do the same for them for things like “eugenics”, “abortions”, George Soros’ many globalist ensuring schemes, etc.
We SO need to wake up.

The biggest reason that John Paulson made his billions in the Big Short™ was because there wasn’t an easy way with the mortgage securities market to bet against those securities, effectively to short the. Short selling, borrowing actual stocks from someone, selling them, and then returning them later (with a fee) is a reasonable if risky way for an investor to communicate the belief that a stock is over valued (and profit from it). That market signal can help deflate bubbles which is actually a Good Thing™. We’re there more John Paulsons back in 2008 we probably wouldn’t have suffered nearly the disaster we did.
GameStop is a brick and mortar seller of video games. Do you see a future in that because I don’t? It seems that this hedge fund placed too big a bet however creating a condition where there wasn’t enough market liquidity to cover their short. I won’t feel sorry for them for that and that’s why they are getting squeezed now. But the Redditers throwing their money at this are basically the marks in a pump and dump scheme. The bubble will burst one way or another and most of these chumps will loose their money. (I actually have a friend in on this and I told him to get out immediately; he’s young and naive so he’ll probably have to learn the hard way). I won’t feel much sympathy for the Redditers either.
This isn’t a story of the little guy sticking it to Wall Street. This isn’t a story of rapacious capitalism. This is a story of a bunch of fools with money who will soon be parted from it.

This isn’t a pump and dump scheme. The motivation behind it is different. You’re assuming the people doing this want to make money off it. Some do, yes. But if most of them did, this wouldn’t have happened. Most of them aren’t interested in making a profit; they’re interested in making the hedge funds/shortsellers fail.

In a grander scheme, it’s regular people who are fed up with the elites, and decided to put a squeeze on them. It’s people who are tired of people betting that failure is in our future. It’s people who are fed up with cynicism in general.

With what happened today where retail investors are now blocked from trading and the rumored forced sale of stocks, my sympathies are certainly moving strongly in favor of the Reddit brigade. Rigging the game so some incredibly stupid hedge funds have their bacon saved is in fact an outrage, so I’ll grant you that.

I tried to use the embedded feature, but that didn’t work. Basically, if you are on the youtube page, just copy the url and paste it.
Should be a format like this:
https://www . youtube . com /watch?v=[some random string of alphanumerics]
If there’s a & in after the alphanumerics, then delete the & and anything after it; you don’t need that.

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