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 All / By Karl Thorburn
    If you’re new to high finance, then the concept of “shorting” is bizarre and convoluted. People actually make money from stocks falling? How is this possible? Why is it legal? Does this contribute anything to society? Am I missing out? Here’s how shorting works. Let’s say you have a neighbor who is a cat lady...
  • @Publius 2
    @Colin Wright

    Communists are evil. They really are.

    The entire point of the US constitution was to protect private property. All other rights are connected to that aim.

    Every “leftist” argument (and victory) the past 70 years has been about invading the property rights of the most productive people. It really is that simple.

    Forced integration, discrimination laws, “civil rights,” abortion, anti-family laws (no fault divorce), gay marriage and forced cake baking, transsexuals in girls bathrooms. It was all done to us on purpose.

    Heritage America did not vote for what has been done to us since 1945.

    The culprits are obvious. McCarthy was right.

    The culprits know that the people know. That’s why the extra hysteria since Trump came down the elevator.

    Every article here says it.

    The latest thing—GameStop short squeeze—again made them take off their masks (no pun intended). The usual suspects just humiliated themselves on TV. “Robin Hood” showed its ass when it was used to do what it’s name implies.

    “Big tech.”

    The question nobody will answer clearly: Exactly who is “big tech.” Lol. Everyone knows.

    Maddening.

    The same powers are big tech/media/finance/deep state/CIA/Hollywood.

    Robinhoodgate made the culprits compare these Reddit stock buyers to “1/6”. That’s an admission of guilt right there! They can’t have the “populists” benefiting from any type of collective action. “That’s not who we are.” “This is an attack on ‘our democracy’.”

    They don’t even pretend “our democracy” is anything other than elite control—the opposite of the popular will!!!!

    Do they think we are stupid, or they just don’t care?

    Everybody knows.

    What comes next?

    Replies: @Emslander, @obwandiyag, @Dave Bowman, @Insouciant

    Heritage America did not vote for what has been done to us since 1945.

    I question the date.
    1913 more likely.

    Read/listen to Michael Hudson
    Changes in Superimperialism
    https://www.unz.com/mhudson/changes-in-superimperialism/

    “They’re trying to do what the world began to talk about doing in 1933 at the London Economic Conference: “How do we make a fair system?””

    One of FDR’s first acts as president was to pull out of the London Economic Conference in 1933.

    As Hudson goes on to explain, USA’s agenda in WWI was to bankrupt/destroy Germany, from whom US stole gold and technology as well as lives; and in WWII US agenda was to finish the job — destroy British empire.

    The “greatest generation” were witting or unwitting accomplices to a great act of theft and destruction, and we, their progeny have been living off stolen loot all our lives.

    Now, the chickens are coming home to roost.

  • I’m asking a question.

    Your question rests on a false assumption — that I simply must possess magical powers that enable me to accurately perceive the internal mental processes of Fink and his minions, thus allowing me to accurately discern exactly why they decided to slightly reduce their massive stake in GME. I’m flattered by your faith in my [nonexistent] powers of mental telepathy, but your question is simply not answerable in its present form.

    Now you answer my question: When did you stop beating your wife? Don’t dodge or evade — I want to know the exact date.. It’s a simple question — just answer it.

  • @James Forrestal
    @Paperback Writer


    Why DID BR [He's referring to Larry Fink's BlackRock/ Fed/ Treasury Dept cabal] downsize GME
     
    It's not clear why you believe so strongly that I share your claimed ability to read the Finkster's mind. I suggest that you either:
    1. Explain any purported empirical basis for this odd delusion
    2. Exercise your supposed powers of mental telepathy to ascertain the answer yourself

    You're welcome. Always glad to help.

    Replies: @Paperback Writer

    I’m asking a question. Can you answer it? If you can’t, just say so.

    I’m simply pointing out that unloading a stock at $19 is stupid if you “know” that it will shoot up to $430.

  • The destructive effects of stock speculators are greatly exaggerated, particularly since most people don’t own many stocks. A much bigger problem is property speculation. The property market is bigger than the stock market and property booms and crashes have a much bigger impact on ordinary people’s lives.

    Property speculation is destructive because it makes housing less affordable for young couples and thus retards the native birth rate. The only way to curb it is to cut off the supply of easy credit to property speculators. The free market just doesn’t work with property because the supply of land is finite. If you want to buy rental property you should have to stump up a 40 percent deposit. No one should be allowed to buy a strategic or restricted asset with a 10 percent deposit.

    • Thanks: mark green
  • @Paperback Writer
    @James Forrestal

    Answer the question.

    Why DID BR downsize GME last December 31?

    Replies: @James Forrestal

    Why DID BR [He’s referring to Larry Fink’s BlackRock/ Fed/ Treasury Dept cabal] downsize GME

    It’s not clear why you believe so strongly that I share your claimed ability to read the Finkster’s mind. I suggest that you either:
    1. Explain any purported empirical basis for this odd delusion
    2. Exercise your supposed powers of mental telepathy to ascertain the answer yourself

    You’re welcome. Always glad to help.

    • Replies: @Paperback Writer
    @James Forrestal

    I'm asking a question. Can you answer it? If you can't, just say so.

    I'm simply pointing out that unloading a stock at $19 is stupid if you "know" that it will shoot up to $430.

  • I don’t know much about stonk trading, but I sure as hell know when people are lying on television, and the talking heads have been spewing relentless spin since this story hit the MSM last week. Today’s meme is that the “short squeeze is over”, meaning it happened last Friday. Interestingly, not only the MSM but also ZeroHedge says the squeeze is over and GME can only go down in price from here. I know ZeroHedge is an outlet for bullshit yet usually their bullshit is contrarian to MSM bullshit. Yet in this scenario they appear to have each others’ backs. ZeroHedge was instrumental in hyping the “silver squeeze” that was disowned by WSB yet served to cause disarray and confusion all weekend. Now ZH is spinning stories that WSB are actually useful idiots for Wall Street whales.

    If the squeeze happened on Friday, then it was interrupted and short-circuited by the brokerages imposing trading bans and restrictions. Which means that it didn’t really happen – either the squeeze was kneecapped by fraudsters OR it is yet to come.

    However if the squeeze ended on Friday, and the hedgies covered their shorts, and reduced their short exposure in $GME from an impossible 140% of float to a merely untenable 50% of float, then why are they still lying so hard, and why is ZH now providing cover for Wall Street? At best a massive fraud was bailed out by an obvious crime. At worst the fraud has not yet been bailed out, and honest diamond handed retarded autist ape Redditors still stand to bankrupt the shorts. An honest bet made against a dishonest bet could now destroy the entire dishonest economy.

    This is not a financial advice.

    • Agree: MrVoid
  • @Rev. Spooner
    @Bolteric

    The trading on the stock market should be straightforward and not a casino.
    Why are you cheering? You are an idiot to say "The market is fascinating, gotta give credit to the Jews who made more so that way."

    Replies: @SaneClownPosse, @Bolteric

    It was not my intention to cheer on, and I hope there is a little humor in everything I say. As @saneclownposse got from it.

    That being said I don’t think the market will ever not be a casino, and one member told me I had better odds at roulette than timing put options.

    With regard to the members, I generally try to hold “live and let live.” But you’re right the situation is no longer tenable.

    My usual advice and thoughts on the overall situation is usually as follows: preserve your wealth and judiciously grow it, have kids – many if possible, find the pews a few times a month or a meditation cushion if that’s your thing, be vigilant of course, but not paranoid, be informed and curious (sites like this are good and satisfying to the mind), see the country…

    You probably already know this. There are many greater thinkers and writers here than I, so I will try to finish what I’ve got to say here.

    Aside: I am more interested in Bitcoin these days. The Winklevoss twins seem like good guys, and I think their read on the long term stability and worth of the dollar is spot on.

    Whaddayouthink?

  • @Schuetze
    @Mustapha Mond

    Starlink is just pure unadulterated evil. How many times has his mars launcher blown up? Its as fake as the moon landings....

    https://ia.acs.org.au/content/dam/ia/article/images/starship%203%20(2)%20final.jpg

    Musk's "boring company" tunnel under Las Vegas is another cheap and disgusting fraud. That the author of this article is so ambivalent about Musk says a lot about his lack of common sense.

    Replies: @Schuetze

  • @Team of Donkeys
    Here is the truth:

    "You will own nothing and be happy"

    You are seeing an operation to condition the population, and to ultimately shut down an old Western civilization system known as the stock market. You will not be allowed to participate in corporate ownership post 2020. They are starting with this gamestop narrative to blame it all on a coordinated internet group attack (just like they said a coordinated assault on the capitol). It makes no difference that THEY actually coordinated it. The results is all they care about. I believe they coordinated this reddit group too. The "little people" ARE NOT this organized and funded to make gamestop and several other stocks go crazy. They especially are not funded to do it. Most Americans have under $500 spare cash....that's not enough to buy 10 video games on a gamestop shelf.

    The brokers now have all capped ownership of many stocks to one share. Here is a link

    https://www.zerohedge.com/markets/robinhood-caps-maximum-holdings-36-stocks-just-one-share
    It's not just RH, Robinhood was copying the moves TD Ameritrade made. Don't think this about one brokerage...it's much bigger



    I repeat, this is not a grassroots movement to attack a big hedge fund. It's a counter-operation to make it look like a grassroots movement attacking a hedge fund while they proceed to keep the "little people" from buying shares!

    Replies: @troof, @Corrupt

    “It’s not just RH, Robinhood was copying the moves TD Ameritrade made. Don’t think this about one brokerage…it’s much bigger”

    TD Ameritrade did not limit ownership or trading of the stock in question. It did LIMIT the sale and purchase of options and margin for buying the stock… completely different than what Robinhood did.

    • Agree: Skeptikal
  • @Mefobills
    @Schuetze

    Tesla is a fraud, but a fraud with a Fed put.
    __________________

    There is also a China put, and a California put, etc. There is a cross-over where batteries get cheap enough, and then ICE cars are road-kill.

    I guess BEV economics don't work out, which is why GM, Volkswagen and others are comitting to electric? The "put" is only one factor in an mult-variable economic equation.

    https://www.gm.com/electric-vehicles.html

    GM is on its way to an all-electric future, with a commitment to 30 new global electric vehicles by 2025


    In Tesla's case, they are not hypothecating cars, they are actually making them and building real physical infrastructure. The shorts were the market betting against Tesla's strategy. The assumption is that Tesla profit taking was contingent on a government "put," but that ignores the Battery cross-over point, where ICE cars are roadkill.

    In other words, an entire industry is being disrupted, so the profits will come later. This sort of shorting against Tesla is not naked shorting, but a simple gamble against a strategy.

    Replies: @Schuetze, @The Alarmist, @Twodees Partain, @Corrupt

    The lithium supply is more constrained than oil. There will not be enough lithium to convert to all EV. In addition, as was pointed out by another poster, you need electricity to charge your batteries. KKKalifornia can’t keep the lights on now, so how are they going to do it with an additional 10-20 million EV? How would you like to have your power turned off due to wildfires, and not have your car charged?

  • @Craig Nelsen
    @The Alarmist

    " the collapse of the financial system"

    This is the same threat that was used to terrorize the public into bailing out the banks in 2008, but what does it mean, exactly? If the financial system "collapses", does it mean that when I go to buy a gallon of milk tomorrow, it won't be there?

    Won't productive people doing productive things still be creating wealth which will be measured in dollars which will be traded for the productive results of the efforts of others? How does a hedge fund billionaire getting wiped out make that process impossible? If anything, freeing our productive labor from the hedge fund parasites would improve the financial system, not "collapse" it.

    Replies: @The Alarmist

    How does a hedge fund billionaire getting wiped out make that process impossible?

    By having so much leverage and derivative exposure to trigger system-wide collateral calls that wipe out the banks and freeze the payment processing systems, I guess. For those of us who still use cash and aren’t afraid to deal directly with farmers, that might not be such an issue. TPTB might hate us for our Freedumbs™️, but they don’t fear us as much as they fear what the FSA (not the former UK regulator) will do when their EBT cards stop working.

  • After epstein certain people became unhappy.the kind that did not like his taste in females but appreciated his genius for making money.

    a reckoning is coming.for sure

  • @Skeptikal
    @SaneClownPosse

    "Second example, in Brooklyn, there will be a inert wire strung around a block for the purpose of enclosing the block as one contiguous “household”. This is to get around Sabbath restrictions on what one can do outside of one’s household."

    Oh, yeah, they have done this is a whole neighborhood in London. I can't recall the name of this Jewish "joke" either.

    They can get around anything! Any rules! They are constantly pulling a fast one of Yahweh. Makes you think "Yawweh" actually means "Bwa ha ha ha"!

    I think there is actually a Yiddish name for this this brand of Jewish chicanery.

    OK here it is:
    " An eruv is a symbolic boundary created with a string of fishing wire typically hung from a series of utility poles or other structures. The eruv creates a safe space for Orthodox Jews to carry certain items they otherwise would be forbidden to carry while outside the home on the Sabbath."

    If they were on friendly terms with their neighbors they could ask their Goyische friends to carry these items---such as food--- for them. What idiots.

    Replies: @Kolya Krassotkin, @Hibernian

    If they were on friendly terms with their neighbors they could ask their Goyische friends to carry these items—such as food— for them. What idiots.

    Papa Joe Kennedy in his youth lighted stoves for Orthodox Jews on thee Sabbath – for a price.

  • @James Forrestal
    @Paperback Writer


    PS Why DID BlackRock downsize GME in December ’21?
     
    Hey, you're the one who's so quick to defend notorious oligarch Larry Fink. I'm not nearly as close to his BlackRock/ Fed/ Treasury Dept cabal as you seem to be. I can't read Fink's mind, nor am I privy to any internal cabal discussions. Why did Fink et al slightly decrease their massive stake in GME late last year, leaving them as still the largest shareholder, but by a smaller margin? Maybe you should ask your buddy the Finkster...

    Replies: @Paperback Writer

    Answer the question.

    Why DID BR downsize GME last December 31?

    • Replies: @James Forrestal
    @Paperback Writer


    Why DID BR [He's referring to Larry Fink's BlackRock/ Fed/ Treasury Dept cabal] downsize GME
     
    It's not clear why you believe so strongly that I share your claimed ability to read the Finkster's mind. I suggest that you either:
    1. Explain any purported empirical basis for this odd delusion
    2. Exercise your supposed powers of mental telepathy to ascertain the answer yourself

    You're welcome. Always glad to help.

    Replies: @Paperback Writer

  • @Paperback Writer
    @James Forrestal

    PS Why DID BlackRock downsize GME in December '21?

    Replies: @James Forrestal

    PS Why DID BlackRock downsize GME in December ’21?

    Hey, you’re the one who’s so quick to defend notorious oligarch Larry Fink. I’m not nearly as close to his BlackRock/ Fed/ Treasury Dept cabal as you seem to be. I can’t read Fink’s mind, nor am I privy to any internal cabal discussions. Why did Fink et al slightly decrease their massive stake in GME late last year, leaving them as still the largest shareholder, but by a smaller margin? Maybe you should ask your buddy the Finkster…

    • Replies: @Paperback Writer
    @James Forrestal

    Answer the question.

    Why DID BR downsize GME last December 31?

    Replies: @James Forrestal

  • @Onan the Barbarian
    @Team of Donkeys

    Corporations and financial participation existed in Sweden as early as the 13th century (then it was mostly about mining), without any Wallstreet flimflam.

    Replies: @Team of Donkeys

    Thanks for the reply, if people stop and really think about what our company model has built for us/and what rights they are taking from us nowadays, they would understand a lot more about the pernicious reality of our businesses getting hijacked. All of Western colonies were largely built up by companies like the hudson bay colony, jamestown, the East India Trading Company, etc. These were large enterprises that built the backbone of international trade. Even early adventures of Marco Polo was business trade.

    Now thanks to Affirmative Action, and “Equal Protection Rights” our businesses have been taken over by those not serving the interests of Western Civilization.

  • @James Forrestal
    @Paperback Writer


    Your point is?
     
    That some people are so emotionally invested in the continued hegemony of Larry Fink's BlackRock/ Fed/ Treasury Dept organization, that they are immediately enraged by any mention of the simple fact that Fink's cabal continues to own the largest stake in GameStop, and feel compelled to immediately (and histrionically) leap to Fink's defense, whining "B-b-but he should have made even more billions!"

    Interesting.

    Replies: @Paperback Writer, @Paperback Writer

    PS Why DID BlackRock downsize GME in December ’21?

    • Replies: @James Forrestal
    @Paperback Writer


    PS Why DID BlackRock downsize GME in December ’21?
     
    Hey, you're the one who's so quick to defend notorious oligarch Larry Fink. I'm not nearly as close to his BlackRock/ Fed/ Treasury Dept cabal as you seem to be. I can't read Fink's mind, nor am I privy to any internal cabal discussions. Why did Fink et al slightly decrease their massive stake in GME late last year, leaving them as still the largest shareholder, but by a smaller margin? Maybe you should ask your buddy the Finkster...

    Replies: @Paperback Writer

  • @James Forrestal
    @Paperback Writer


    Your point is?
     
    That some people are so emotionally invested in the continued hegemony of Larry Fink's BlackRock/ Fed/ Treasury Dept organization, that they are immediately enraged by any mention of the simple fact that Fink's cabal continues to own the largest stake in GameStop, and feel compelled to immediately (and histrionically) leap to Fink's defense, whining "B-b-but he should have made even more billions!"

    Interesting.

    Replies: @Paperback Writer, @Paperback Writer

    I’m not leaping to BR’s defense at all. I want the redditors to win. I’m enjoying their gambit immensely. I hope they push Melvin & Citadel off a cliff.

    • Agree: acementhead
  • @Kapyong
    Have they started calling WSB 'economic terrorists' yet ?

    Replies: @James Forrestal

    Have they started calling WSB ‘economic terrorists‘ yet ?

    Pretty close. Former SEC Commissioner Laura Unger claims that WSB, by recklessly violating the sacred temples of our shekelocracy, has committed a financial version of the insurrectionary, terroristic coup that destroyed Washington on January 6:

    https://twitter.com/pghowie3/status/1354915156199944194

    • Thanks: MrVoid
  • @acementhead
    @Skeptikal


    What is the battery cross-over point?

    What is ICE?
     
    ICE is internal combustion engine.

    Battery crossover point is a pure fiction, much like the "climate emergency" "tipping point(s)".

    Replies: @Skeptikal, @Twodees Partain

    Exactly right. Repeatedly referring to that fiction ignores the obvious fact that the state of battery technology makes battery driven vehicles useless for most purposes regardless of whether battery production could be scaled up to produce as many as needed or that a grid sufficient to provide energy for even a partial replacement of all private vehicles existed.

  • @Skeptikal
    @Twodees Partain

    What is the battery cross-over point?

    What is ICE?

    Replies: @acementhead, @Twodees Partain

    Ask Mefobills. He’s the one who has to repeat that line twice in one short comment.

  • @James Forrestal
    @DrWatson


    Haaretz already noticed:
     
    Yeah, that same piece is on the Times of Israel and JTA as well.

    Bronze Age Pervert makes a good point:

    https://twitter.com/bronzeagemantis/status/1355376053322215428

    Back to the piece that you linked... looks like this narrative is something of a kosher sandwich -- or perhaps even an entire deli:

    "The main squeeze victims in this story are Steve Cohen and Gabe Plotkin, two Jewish investors who are also two of the most successful hedge fund chiefs on Wall Street."

    "But they aren’t the only Jewish characters involved. Ryan Cohen, founder of the successful pet products company Chewy, is the largest stakeholder in GameStop, with about 9 million shares, making him the big winner of the week. As of Wednesday, he had made $3 billion in a matter of days from the fallout."

    "Then there’s Jewish troll extraordinaire Dave Portnoy, founder of the hugely popular blog and social media company Barstool Sports, who has emerged as one of the leading public advocates for the mass of small investors who mostly remain anonymous on sites like Reddit."

    Also noteworthy for those unaware of the deeply semitic nature of antifa -- the author of the Haaretz piece quotes a notorious antifa operative, doxxer/ riot organizer "AntiFash Gordon," characterizing him as a "world authority" on the so-called "far-right" [aka normal White people].

    "AntiFash Gordon," of course, is entirely on the side of the hedge funds -- as are a number of other prominent antifags.

    "Anarcho-communism" in action:

    https://i.postimg.cc/sD4YgC70/Stonetoss-Communists-Plutocrats.png

    Replies: @DrWatson, @RedpilledAF

    It is always a Talmudic dialectic.

  • The dominant argument for capitalism in the 20th century after the 1930s Great Depression was that it “produced a great middle class.” Real U.S. wages had risen even during the Depression. However, the U.S. working class fought harder for major economic gains in the 1930s than at any other time in U.S. history. The Congress of Industrial Organizations (CIO) then organized millions into labor unions utilizing militants from two socialist parties and a communist party. Those parties were then achieving their largest-ever numerical strengths and social influences. That is how and why together the unions and the parties won the establishment of Social Security, federal unemployment compensation, a minimum wage, and a huge federal jobs program: all firsts in U.S. history. The second fact is that capitalists in the 1930s and afterward fought harder than ever against each and every working-class advance.
    No advanced economics is required to grasp that divisions, bitterness, resentment, and anger flow from such a persistently widening gap between haves and have-nots.
    In capitalist enterprises, tiny minorities of the persons involved occupy positions of leadership, command, and control. The owner, the owner’s family, the board of directors, or the major shareholders comprise such minorities: the class of employers. Opposite them are the vast majorities: the class of employees. The employer class determines, exclusively, what the enterprise produces, what technology it uses, where production occurs, and what is done with its net revenue. The employee class must live with the consequences of employers’ decisions from which it is excluded. The employer class uses some of its profits to buy and control politics.
    To solve the extreme inequality of U.S. capitalism requires systemic change, an end to capitalism’s specific class structure pitting employers against employees. Excerpts from Richard Wolff i

  • @Hang All Text Drivers
    Sure would be great to see the economy and stock market collapse right after Pedodent Biden took over.

    I've been saying for some time that trump threw the election. He could have destroyed Biden by showing those many youtube videos of Biden groping and molesting little girls . But Trump did not do it.!!

    Replies: @Skeptikal

    ” He could have destroyed Biden by showing those many youtube videos of Biden groping and molesting little girls . But Trump did not do it.!! ”

    Interesting point.

    I kind of wondered what happened to those videos as the campaign season proceeded.

    I haven’t looked for them lately. Someone had made a compilation showing about 10 different incidents and other very weird public statements made by Biden. Like, is this guy crazy? Literally, out of his mind? Autistic? Doesn’t grasp how nutty he comes across, how far out of bounds?

  • @acementhead
    @Skeptikal


    What is the battery cross-over point?

    What is ICE?
     
    ICE is internal combustion engine.

    Battery crossover point is a pure fiction, much like the "climate emergency" "tipping point(s)".

    Replies: @Skeptikal, @Twodees Partain

    What does “battery cross-over point” mean?
    Saying it is a fiction does not explain what it is.

  • @Skeptikal
    @SaneClownPosse

    "Second example, in Brooklyn, there will be a inert wire strung around a block for the purpose of enclosing the block as one contiguous “household”. This is to get around Sabbath restrictions on what one can do outside of one’s household."

    Oh, yeah, they have done this is a whole neighborhood in London. I can't recall the name of this Jewish "joke" either.

    They can get around anything! Any rules! They are constantly pulling a fast one of Yahweh. Makes you think "Yawweh" actually means "Bwa ha ha ha"!

    I think there is actually a Yiddish name for this this brand of Jewish chicanery.

    OK here it is:
    " An eruv is a symbolic boundary created with a string of fishing wire typically hung from a series of utility poles or other structures. The eruv creates a safe space for Orthodox Jews to carry certain items they otherwise would be forbidden to carry while outside the home on the Sabbath."

    If they were on friendly terms with their neighbors they could ask their Goyische friends to carry these items---such as food--- for them. What idiots.

    Replies: @Kolya Krassotkin, @Hibernian

    As a prank do neighborhood trouble makers ever snip the eruv, causing those orthodox to sin and be forced to swing extra sin chickens on Yom Kippur?

    (Asking for a friend.)

  • @Anonymous
    Some of the usual suspects in and around this comeuppance:

    Andrew Ross Sorkin...financial columnist for The New York Times

    Janet Yellen...Secretary of the Treasury

    Bill Ackman...founder/CEO Pershing Square Capital Management

    Gabriel Plotkin...Melvin Capital

    Steve Cohen...Point72 Asset Management

    All Amish folks.

    Right?

    Replies: @Irish Savant, @acementhead

    All Amish folks.

    I’ve seen it alleged that some Amish person was asked(paraphrased) “Why don’t you Amish get covid?”

    Answer: We don’t have TV.

  • Sure would be great to see the economy and stock market collapse right after Pedodent Biden took over.

    I’ve been saying for some time that trump threw the election. He could have destroyed Biden by showing those many youtube videos of Biden groping and molesting little girls . But Trump did not do it.!!

    • Replies: @Skeptikal
    @Hang All Text Drivers

    " He could have destroyed Biden by showing those many youtube videos of Biden groping and molesting little girls . But Trump did not do it.!! "

    Interesting point.

    I kind of wondered what happened to those videos as the campaign season proceeded.

    I haven't looked for them lately. Someone had made a compilation showing about 10 different incidents and other very weird public statements made by Biden. Like, is this guy crazy? Literally, out of his mind? Autistic? Doesn't grasp how nutty he comes across, how far out of bounds?

  • @Paperback Writer
    @James Forrestal


    Reuters is reporting that the giant asset manager, BlackRock [aka the Fed/ the Treasury Dept], “owned about 9.2 million shares, or a roughly 13% stake, in GameStop as of Dec. 31, 2020,” and could have made upwards of $2.4 billion on the rise in the stock since the end of December”
     
    BlackRock downsized its ownership of GME stock in December, selling when it was $18.84 per stock. They're making money off the squeeze but less than they would have if they'd held.

    Your point is?

    Replies: @James Forrestal

    Your point is?

    That some people are so emotionally invested in the continued hegemony of Larry Fink’s BlackRock/ Fed/ Treasury Dept organization, that they are immediately enraged by any mention of the simple fact that Fink’s cabal continues to own the largest stake in GameStop, and feel compelled to immediately (and histrionically) leap to Fink’s defense, whining “B-b-but he should have made even more billions!”

    Interesting.

    • Replies: @Paperback Writer
    @James Forrestal

    I'm not leaping to BR's defense at all. I want the redditors to win. I'm enjoying their gambit immensely. I hope they push Melvin & Citadel off a cliff.

    , @Paperback Writer
    @James Forrestal

    PS Why DID BlackRock downsize GME in December '21?

    Replies: @James Forrestal

  • @Expletive Deleted
    @James Forrestal

    Didn't Ryan the Chewy guy mount some kind of boardroom putsch against the remarkably non-tribal Sherman setup? But adroitly dodged being in the hot seat if and when it all goes t1ts?
    Did he and his associates start this whole pumping operation back in November or thereabouts?
    https://marketinsider.net/ryan-cohen-open-letter-to-gamestop-board

    Replies: @James Forrestal

    Didn’t Ryan the Chewy guy mount some kind of boardroom putsch against the remarkably non-tribal Sherman setup? But adroitly dodged being in the hot seat if and when it all goes t1ts?

    Yeah that looks like a threat of a hostile takeover/ proxy fight if GameStop management didn’t do what he wanted (multiple seats on board, more emphasis on digital, etc.)

    And guess what happened on January 11?
    https://www.sec.gov/Archives/edgar/data/1326380/000132638021000006/a991-gamestopxpressrelease.htm

    “GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has entered into an agreement with RC Ventures LLC (“RC Ventures”) that will advance the refreshment of the Company’s Board of Directors (the “Board”). RC Ventures, which is one of the Company’s largest stockholders, is managed by Ryan Cohen. The agreement provides for the immediate appointment of three new directors – Alan Attal, Ryan Cohen and Jim Grube”
    [Grube and Attal are Cohen associates/ fellow Chewyites]

    Interesting timing…

    Did he and his associates start this whole pumping operation back in November or thereabouts?

    It would be pretty hard to prove that, since all of Cohen’s maneuvers are consistent with a takeover rather than a pump and dump scheme. The obvious way for him to realize a big profit would be to sell now, but even under the current system, that might be hard to pull off without consequences.

    What is fairly clear that several accounts on wallstreetbets were pushing GameStop pretty hard from Nov-Dec on:
    https://web.archive.org/web/20201208222656if_/https://www.reddit.com/r/wallstreetbets/comments/k9apx5/gme_q3_call_thoughts_on_the_clash_between_cohen/
    Calls Cohen a “boy genius,” “amazing businessman,” a guy who “beat Amazon,” “outworked and outsmarted everyone,” etc.

    https://web.archive.org/web/20201211050201if_/https://www.reddit.com/r/wallstreetbets/comments/kakxrm/gme_tribe_a_story_about_how_ryan_cohen_is_about/

    Cohen is going to be a legend because of it after he executes this plan, triggers the MOASS, and takes control of GME to convert it to a tech-first gaming juggernaut

    Any connection between Cohen and the guys shilling for him (and GameStop) on WSB? Who knows?

    But even if he holds onto his shares, the company he took over, and his plan for it, “just happened” to get an insane level of publicity out of this story — right after he moved in. Huh.

    Though Sherman’s not exactly being driven into the poorhouse by this, since he owns something like 1.2 million shares…

  • @JamesinNM
    @James Forrestal

    Selling shares people own outright I consider theft at a minimum and attempted murder at a maximum, depending on the situation.

    Replies: @acementhead

    If you buy some shares and don’t want your broker to lend them(as will be in your brokerage agreement) don’t leave them in “street name”, take delivery.

  • @Skeptikal
    @Twodees Partain

    What is the battery cross-over point?

    What is ICE?

    Replies: @acementhead, @Twodees Partain

    What is the battery cross-over point?

    What is ICE?

    ICE is internal combustion engine.

    Battery crossover point is a pure fiction, much like the “climate emergency” “tipping point(s)”.

    • Replies: @Skeptikal
    @acementhead

    What does "battery cross-over point" mean?
    Saying it is a fiction does not explain what it is.

    , @Twodees Partain
    @acementhead

    Exactly right. Repeatedly referring to that fiction ignores the obvious fact that the state of battery technology makes battery driven vehicles useless for most purposes regardless of whether battery production could be scaled up to produce as many as needed or that a grid sufficient to provide energy for even a partial replacement of all private vehicles existed.

  • @Twodees Partain
    @Mefobills

    Didn't you forget to mention the Battery cross-over point, where ICE cars are roadkill.?

    Replies: @Skeptikal

    What is the battery cross-over point?

    What is ICE?

    • Replies: @acementhead
    @Skeptikal


    What is the battery cross-over point?

    What is ICE?
     
    ICE is internal combustion engine.

    Battery crossover point is a pure fiction, much like the "climate emergency" "tipping point(s)".

    Replies: @Skeptikal, @Twodees Partain

    , @Twodees Partain
    @Skeptikal

    Ask Mefobills. He's the one who has to repeat that line twice in one short comment.

  • @Paperback Writer
    @anon


    Making money is a privilege for Jews only, everyone else can only bail them out through our taxes when they get too greedy and bring the whole thing down.
     
    You mean like Ryan Cohen?

    And BlackRock, which is the biggest single shareholder of GameStop?

    Replies: @JamesinNM

    Read Romans 2:28-29 for the definition of real Jews and then read Revelation 2:9 and 3:9 for the definition of false Jews. Do not be deceived.

    • Troll: Paperback Writer
  • @James Forrestal
    @anon


    Meanwhile, someone needs to sue Robinhood out of existence.
     
    They'd be better off filing a bunch of individual arbitration claims. Vox Day has had some bad takes in the past (he got pretty deep into Qtardianism, for one), but he's got a good point here:

    https://voxday.blogspot.com/2021/01/breaking-robinhood.html

    "Unlike AAA, FINRA has no rule allowing an arbitrator to declare an arbitration to be "frivolous", and furthermore, the right to file even frivolous arbitrations is protected by the Federal Arbitration Act and the Supreme Court rulings Steelworkers and Schein."

    "Robinhood's terms of use specify California law. CCP Section 1284.3 prevents any consumer from being charged anything for an arbitration proceeding beyond the initial filing fee."

    Seems to be a number of Robinhood customers claiming that their positions were closed out involuntarily by RH:

    https://www.theverge.com/2021/1/28/22254857/robinhood-gamestop-amc-shares-sold-surprised-users
    "On Wednesday, Robinhood warned some investors with options in GameStop and AMC that it may automatically sell off their stakes to reduce risk, the spokesperson said. But these investors told The Verge they didn’t have options in GameStop or AMC and hadn’t purchased the stocks on margin. They had purchased the shares outright, they said, and were planning to hold onto them."

    Sounds pretty shady if true. Maybe they were cash transactions, but from a margin account?

    Replies: @JamesinNM

    Selling shares people own outright I consider theft at a minimum and attempted murder at a maximum, depending on the situation.

    • Replies: @acementhead
    @JamesinNM

    If you buy some shares and don't want your broker to lend them(as will be in your brokerage agreement) don't leave them in "street name", take delivery.

  • @James Forrestal
    @Street of wall


    Read Wall Street on Parade for an interesting take.
     
    That is interesting. That guy (originally doxxed by CNBC, I think) is likely to get thrown under the bus by the time they wind up this whole narrative, and his backer(s) will never be publicly identified. In the meantime they've got a great "little guys band together to take on the hedge fund oligarchs! David vs. Goliath! Robin Hood!*" vs. "muh 'antisemitic' nazis/ bro culture" dialectic going.

    Looks like the main beneficiaries are Ryan Cohen, Michael "Big Short" Burry, and...

    "Reuters is reporting that the giant asset manager, BlackRock [aka the Fed/ the Treasury Dept], “owned about 9.2 million shares, or a roughly 13% stake, in GameStop as of Dec. 31, 2020,” and could have made upwards of $2.4 billion on the rise in the stock since the end of December"

    Though the significance of that is unclear, given BlackRock's sheer size. They probably own 13% (or more) of a lot of corporations.

    *The trading app "Robinhood" is at the core of the narrative, of course. And Joshua Browder -- son of notorious (((American/ British/ Russian))) oligarch Bill Browder -- who is involved in a class action lawsuit against Robinhood? He's been hyped as the so-called "Robin Hood of the Interwebz" by various "news" outlets in the past.

    Replies: @Schuetze, @Expletive Deleted, @Paperback Writer

    Reuters is reporting that the giant asset manager, BlackRock [aka the Fed/ the Treasury Dept], “owned about 9.2 million shares, or a roughly 13% stake, in GameStop as of Dec. 31, 2020,” and could have made upwards of $2.4 billion on the rise in the stock since the end of December”

    BlackRock downsized its ownership of GME stock in December, selling when it was $18.84 per stock. They’re making money off the squeeze but less than they would have if they’d held.

    Your point is?

    • Replies: @James Forrestal
    @Paperback Writer


    Your point is?
     
    That some people are so emotionally invested in the continued hegemony of Larry Fink's BlackRock/ Fed/ Treasury Dept organization, that they are immediately enraged by any mention of the simple fact that Fink's cabal continues to own the largest stake in GameStop, and feel compelled to immediately (and histrionically) leap to Fink's defense, whining "B-b-but he should have made even more billions!"

    Interesting.

    Replies: @Paperback Writer, @Paperback Writer

  • This is just getting started. Real Americans will unite and clean Wall Street’s clock.

  • @anon
    Best thing to happen to Wall Street, and the country. I hope this keeps up, brings down the whole damn thing. It's already a sham anyway. Wall Street has been completely decoupled from Main Street for the last two decades.

    But even if this doesn't keep up, it has struck fear into WS, that this could happen again at any time.

    Meanwhile, someone needs to sue Robinhood out of existence. How ironic that they named themselves Robinhood. Instead of robbing a few bad guys to give to lots of good guys, they rob lots of good guys to give to a few bad guys. The two founders of Robinhood, a couple of 35 year old Stanford grads, are already billionaires as the company was recently valued at $6B. The good guys who got caught buying in too high can sue Robinhood to recover their losses.

    This whole episode exposes once more who the media, DC, SV and corporate America are for, not the little people, but themselves. Making money is a privilege for Jews only, everyone else can only bail them out through our taxes when they get too greedy and bring the whole thing down.

    Replies: @goldgettin, @Bert, @Frank frank, @James Forrestal, @Paperback Writer

    Making money is a privilege for Jews only, everyone else can only bail them out through our taxes when they get too greedy and bring the whole thing down.

    You mean like Ryan Cohen?

    And BlackRock, which is the biggest single shareholder of GameStop?

    • Agree: JamesinNM
    • Replies: @JamesinNM
    @Paperback Writer

    Read Romans 2:28-29 for the definition of real Jews and then read Revelation 2:9 and 3:9 for the definition of false Jews. Do not be deceived.

  • @El Dato
    @Fozzy Bear

    Yes. This article made me laugh but also needs a few diagrams depicting the flow of money, the flow of obligations and the flow of shares.

    Today: Gamestop, Market Distortions, and Manipulations

    Do not be afraid of naked shorts

    2008-0811: Short-Sale Restrictions Are an Exercise in Naked Power


    On July 29, the SEC announced that it would extend its original 10-day restriction on "naked" short sales of 19 major financial companies through August 12. Analysts across the board agree that this particular SEC rule, by itself, will have little effect except to raise transaction costs for those wishing to short Fannie Mae, Freddie Mac, Goldman Sachs, JP Morgan, and other powerhouses.

    However, in conjunction with the Fed's recent lending operations to investment banks and Fannie and Freddie, the restriction on naked short sales makes perfect sense as part of a process of getting the public used to federal/private partnerships that would have been unthinkable before the credit crisis — especially from a "laissez-faire" administration.
     


    Unfortunately, naked short selling is not nearly as exciting as it sounds. It simply refers to a situation where a trader short sells a quantity of shares before he has actually borrowed them from an owner.

    Some of the commentary on naked short selling has become downright silly. The naked short seller is not violating the laws of logic; certain bloggers write as if we should fear a rip in the space-time continuum centered on Wall Street. If a particular stock is illiquid, and a trader wishes to speculate on an anticipated hourly move in the share price, nothing is harmed by allowing him to sell 1,000 shares and then buy them back 45 minutes later; the broker can simply debit or credit his account accordingly.

    Of course, what is really happening here is that the broker is extending a form of credit to the trader, and the buyers of the "naked" shares (i.e., the counterparties to the initial short sale) are in turn trusting the brokerage. Because those 1,000 shares weren't actually located and borrowed before the short sale, that transaction can't be completed until the trader closes his position and buys back 1,000 shares (possibly from other individuals). At that point, any of the counterparties to the original short sale who maintained their purchase, can gain title to the shares out of the 1,000 the trader bought back when closing his position.
     


    This raises an interesting question: if the restrictions on naked short selling won't do anything except throw red tape into the works, then why did the SEC do it?

    By itself, the move doesn't really benefit the fat cat Wall Street bankers, because (as we've argued above) an insolvent institution won't be helped much by bans on short sales, especially if those bans only apply to naked short sales

    The answer, it seems, is that the government is gradually eroding the remaining barriers between an explicit federal/corporate partnership with large, politically connected firms. With the bailout of Bear Stearns, the announcement of possible Fed purchases of Fannie and Freddie equity, and the restrictions on naked shorting of nineteen financial firms, the government is, step by step, desensitizing the public.

    In light of what has already happened, a basically irrelevant move to prohibit naked shorting of nineteen firms won't lead to riots. But it is a necessary step along the way to announcements that would have led to massive protests had they occurred at step one.
     

    Replies: @Twodees Partain, @James Forrestal

    From your second link:

    Suppose stock XYZ is trading at $50, but Jim the Speculator believes tomorrow’s news will contain something very unfavorable for the stock — and the rest of the market isn’t seeing things the way Jim is.

    Or suppose that Melvin the hedge fund manager knows that tomorrow’s “news” will be unfavorable for the stock — cuz he’s gonna be on CNBC talking s–t about it…

    Jim [Melvin] can borrow, say, 100 shares of XYZ from a stockholder

    This description is significantly misleading in at least two ways. Melvin doesn’t borrow the shares — he rents them. And he doesn’t rent them from the stockholder (we’ll call him “Mike”); he rents them from Mike’s broker — typically without the stockholder’s knowledge or consent. (Specific consent, that is — it’s probably buried in the TOS somewhere). Sure, margin accounts make the issue of “ownership” between the client and the broker a little cloudy, but it still seems pretty questionable.

    Let’s look at a more concrete analogy to illustrate how strange this is in terms of how the concept of ownership is typically understood:

    -David owns a combination parking garage/ used car dealership.
    -Mike buys a car from David and pays to park it in the garage.
    -While Mike is on vacation, David rents out Mike’s car to Melvin, pockets the money, and doesn’t tell Mike.
    -Meanwhile, Melvin’s rental contract with David gives him the “right” to sell Mke’s car to Jeff (or anyone else) during the rental period — which he promptly does.
    -Until Mike comes back from vacation, somehow both he and Jeff “own” the car.
    -When the rental period ends/ Mike comes back from vacation, Melvin is obligated to return an equivalent car (same make, model, and year) to David, so that Mike can continue to “own” and use his car.

    Wut?

    This is a pretty good explanation of how the system works (and doesn’t) in the GameStop case:

    https://twitter.com/compound248/status/1355274739351248898

    Thread reader version

    Interesting to note that your average sports book has a better system for laying off risk than Robinhood. RH’s problem is not just the volatility, it’s that too many of their customers are “betting on the same team,” exposing them to excessive risk if that team loses. Bookies aren’t gamblers — they just want to collect the vig.

    Though as long as Robinhood can still raise enough funds to cover its obligations, it appears that any publicity is good publicity:

    https://www.cnbc.com/2021/01/29/robinhood-investment-apps-dominate-app-store-rankings.html

  • @SaneClownPosse
    @Rev. Spooner

    I took that as /sarc.

    They are always finding ways around any law/regulation, whether it's their God's or Man's.

    Each Passover, they are supposed to sell their dishware, (why I don't know, some archaic rule from the distant past). This practice has evolved to a scheme, where the Jew sells his dishes to his rabbi for $x, then after Passover, the Jew repo's his dishes for some multiple of $x that goes directly into the rabbi's retirement fund. The dishes never leave the cupboard, just the "title" is passed back and forth.

    Second example, in Brooklyn, there will be a inert wire strung around a block for the purpose of enclosing the block as one contiguous "household". This is to get around Sabbath restrictions on what one can do outside of one's household.

    Both of these examples were related to me, without irony, by practicing Jews.

    Replies: @Skeptikal

    “Second example, in Brooklyn, there will be a inert wire strung around a block for the purpose of enclosing the block as one contiguous “household”. This is to get around Sabbath restrictions on what one can do outside of one’s household.”

    Oh, yeah, they have done this is a whole neighborhood in London. I can’t recall the name of this Jewish “joke” either.

    They can get around anything! Any rules! They are constantly pulling a fast one of Yahweh. Makes you think “Yawweh” actually means “Bwa ha ha ha”!

    I think there is actually a Yiddish name for this this brand of Jewish chicanery.

    OK here it is:
    ” An eruv is a symbolic boundary created with a string of fishing wire typically hung from a series of utility poles or other structures. The eruv creates a safe space for Orthodox Jews to carry certain items they otherwise would be forbidden to carry while outside the home on the Sabbath.”

    If they were on friendly terms with their neighbors they could ask their Goyische friends to carry these items—such as food— for them. What idiots.

    • Replies: @Kolya Krassotkin
    @Skeptikal

    As a prank do neighborhood trouble makers ever snip the eruv, causing those orthodox to sin and be forced to swing extra sin chickens on Yom Kippur?

    (Asking for a friend.)

    , @Hibernian
    @Skeptikal


    If they were on friendly terms with their neighbors they could ask their Goyische friends to carry these items—such as food— for them. What idiots.
     
    Papa Joe Kennedy in his youth lighted stoves for Orthodox Jews on thee Sabbath - for a price.
  • Have they started calling WSB ‘economic terrorists‘ yet ?

    • Replies: @James Forrestal
    @Kapyong


    Have they started calling WSB ‘economic terrorists‘ yet ?
     
    Pretty close. Former SEC Commissioner Laura Unger claims that WSB, by recklessly violating the sacred temples of our shekelocracy, has committed a financial version of the insurrectionary, terroristic coup that destroyed Washington on January 6:

    https://twitter.com/pghowie3/status/1354915156199944194
  • @Schuetze
    @Skeptikal

    Likely a large part of Robinhoods appeal to idiot millenials is "the app". Shiny bling conquers shallow narcistic stooges every time. Tic Toc anyone?

    TD Ameritrade (it now belongs to Toronto Dominion Bank IIRC), Schwab and Etrade were all forced to offer "free" trading because of Robinhood's model. This kind of (((predatory))) capitalism has happened in waves over the last few decades. In the cases of Google, Twitter, Facebook, Amazon and Youtube we must recognize that the usual kazarian gangsters used their jewish power and control of the government to offer bandwidth and infrastructure for free, legal protections and regulatory capture, and of course free promotion through the cabal owned media and Hollywood. The competition had no hope of being able to meet the massive multi-spectrum subsidy. The game was rigged by the (((usual suspects))). The discount brokers were forced to capitulate and likely will disappear in the next decade.

    In the case of Facebook they were able to demolish myspace for no understandable reason. Google was able to demolish altavista and others in the same fashion. Ditto youtube and Amazon. It wasn't due to better talent or better product, it was just kazarian gangsters looting and pillaging.

    It is this collusion from within the chosenite tribe that works against the goyim in all facets of our civilization. Universities, banks, justice departments, legal bars, medical profession, "science" are all first cracked using charges of racism and the culture of critique, and once the jewish trojan horse has arrived the flood gates are opened. As each region of our civilization falls to the kazarians, the situation becomes even more hopeless.

    Of course the shabbez goyim will start blathering about "good jews" while ignoring their blatant and crass in-group preferences because the jews that own them lie so well. Jews themselves will kvetch and fling holocaust spittle at goyim so impudent as to mention what is happening right underneath everyone's noses.

    Replies: @Skeptikal

    Interesting. I certainly welcomed the advent of free trading on TD Ameritrade! Which gobbled up Scottrade, where I had my first account.

    TD Ameritrade has now merged with Charles Schwab.

    No doubt about it, free trades really free one up to experiment! Or even do a bit of day trading. Especially in IRA account. No obvious downsides that I can see. For now.

    I have wondered what Ameritrade’s business model is.

    Perhaps being “data-mined” is a worthwhile barter for not having to pay fees and commissions of all kinds.

    Regarding the Khazarian bandit capitalism you describe, I do think the originator of this form of “growing” a corporation sprang from the forehead of John D. Rockefeller. And J. P. Morgan.

    But perhaps the seeds were planted by wayward Khazes.

  • @Schuetze
    @James Forrestal

    Here is the wallstreetonparade article:

    https://wallstreetonparade.com/2021/01/gamestop-promoter-keith-gill-was-no-amateur-trader-he-held-sophisticated-trading-licenses-and-worked-in-the-finance-industry/


    "The largest brokerage firms on Wall Street would never allow a Registered Rep to use multiple anonymous user names and promote a $5 stock to a mass public audience because there would be no way to know if it was a suitable investment for the level of risk the individual person could afford to take. The bulk of lawsuits that are brought, and won, against brokerage firms are for “failure to supervise.”

    Gill’s YouTube videos did offer a scrolling statement at the end to the effect that this was not meant to be personal investment advice. But if it wasn’t, why was he putting it out on a mass medium like YouTube.

    Gill has another potential problem. According to media reports, Gill was posting copies of his brokerage statements at E-Trade showing his GameStop position making millions of dollars in a short span of time while he was employed at MassMutual. Under FINRA Rule 3210, a licensed broker must first get permission from the broker-dealer where they are employed to open a trading account at another firm. "
     
    Keith Patrick Gill has the typical kazarian schnoz and he certainly behaves like one:

    https://www.b.wikiage.org/wp-content/uploads/2021/01/Keith-Patrick-Gill-Net-Worth-Age-MassMutual-And-Wife-Roaring-Kitty-Youtube-534x381.jpg

    https://bostonglobe-prod.cdn.arcpublishing.com/resizer/rgXyOZq3i4r6uRNA46YSFp-30co=/1280x0/cloudfront-us-east-1.images.arcpublishing.com/bostonglobe/4RSQLVPMNJBBVC4EFRZCUB7MXU.png

    Replies: @James Forrestal

    The largest brokerage firms on Wall Street would never allow a Registered Rep to use multiple anonymous user names and promote a $5 stock to a mass public audience

    Interesting that a relatively obscure blog like Wall Street on Parade is quick to point out the obvious issue — this Gill guy is a licensed professional actively employed in the industry, who’s anonymously hyping stocks that he has a personal stake in, while posing as an “amateur investor.” But accounts from mainstream “news” outlets? They seem to ignore it entirely, presenting very sympathetic profiles of Gill:

    https://heavy.com/news/keith-gill-roaring-kitty/
    https://www.telegraph.co.uk/business/2021/01/29/top-wallstreetbets-investor-roaring-kitty-unmasked-financial/

    Including the WSJ:

    https://www.wsj.com/articles/keith-gill-drove-the-gamestop-reddit-mania-he-talked-to-the-journal-11611931696

    Maybe he’s not gonna get thrown under the bus…

    Is this solely a profession ethics/ license issue? Or a legal one?

  • @The Alarmist
    @Realist

    Short-selling disciplines management of otherwise zombie companies, who take it in the shorts since much of their comp is in stock and options, to either improve the company’s prospects, sell to a another, or liquidate the company. Small investors would ordinarily take the hint and avoid the company’s stock rather than defend a dying company by pumping money into the hands of those taking the opportunity to flee.

    GameStop’s longer term prospects are dismal. It will probably die ... almost certainly go into a bankruptcy that, even if the company survives, will see the equity wiped out. So, even if the WallStreetBets gang do extract billions from hedge funds ... assuming that doesn’t trigger the collapse of the financial system ... they will have to sell at some point to realise their gains, and given there is little underlying value for the next greater fool to buy into, there will be a river of tears for those who are the last ones holding.

    This was what was baffling last summer when the Robinhood crowd piled into Hertz last year even as it was entering bankruptcy. In fact, management considered issuing new equity with a prospectus that literally told new investors they would most likely lose all their capital.

    It sounds great to take on the hedgies (it’s much more fun to fire one), but you better choose your exit points when you put on your position.

    Replies: @Realist, @MGB, @Poco, @Craig Nelsen

    ” the collapse of the financial system”

    This is the same threat that was used to terrorize the public into bailing out the banks in 2008, but what does it mean, exactly? If the financial system “collapses”, does it mean that when I go to buy a gallon of milk tomorrow, it won’t be there?

    Won’t productive people doing productive things still be creating wealth which will be measured in dollars which will be traded for the productive results of the efforts of others? How does a hedge fund billionaire getting wiped out make that process impossible? If anything, freeing our productive labor from the hedge fund parasites would improve the financial system, not “collapse” it.

    • Agree: Twodees Partain
    • Replies: @The Alarmist
    @Craig Nelsen


    How does a hedge fund billionaire getting wiped out make that process impossible?
     
    By having so much leverage and derivative exposure to trigger system-wide collateral calls that wipe out the banks and freeze the payment processing systems, I guess. For those of us who still use cash and aren’t afraid to deal directly with farmers, that might not be such an issue. TPTB might hate us for our Freedumbs™️, but they don’t fear us as much as they fear what the FSA (not the former UK regulator) will do when their EBT cards stop working.
  • @Colin Wright
    It would seem Robin Hood isn't all that into stealing from the rich and giving to the poor after all.

    He's got an improved model.

    'Restrictions on Robinhood traders got tighter throughout the day on Friday, only allowing clients to buy a single share of GameStop.

    The stock trading app also expanded its list of restricted stocks from 13 earlier in the day to 50.'


    The whip is definitely coming down, ain't it?

    Replies: @Marckus

    When one gets into a rumble with a biker gang discretion is the better part of valour. Stick around too long bragging and boasting is dangerous. It is best to steal that one bike or bag of weed and disappear.

    The kids playing with the Wall Street devils are in the arena with fellows who appear normal, polite and affable but are even more ruthless, well connected and vengeful than any criminal.

    In the coming weeks RobinHood will feel the weight of the Devils of Wall Street and the “revolutionaries” still holding stocks like Gamestop are going to have their skins flayed off their backs. Intelligent players should take their profits and invest a small part (they can afford to lose) in put options and then wait for the price to crash.

    A guy who just lost $1B is going to call in all his favours and crucify the upstarts. Fifteen guys who are down billions will definitely have a very toxic response to their opponents. Robin Hood may find that the modern Sheriffs of Nottingham are indeed serious players. I am not condoning Wall Street and their shenanigans but it pays to be cautious when entering a dangerous area.

    Right now there are a lot of fresh faced kids smoking big cigars, toasting with champagne and impressing their friends with their investing acumen.

    Turkeys who gobble, display their feathers and raise their heads are the first ones on the barbecue spit.

  • @Hapalong Cassidy
    I’ve used put options to short stocks that I already held long in my portfolio in order to take advantage of what I thought were short-term price fluctuations. Last March was a perfect time for that strategy.

    Replies: @Marckus

    Puts on Gamestop are now very cheap. Everyone thinks the Reddit crowd is going to prevail and the amateurs are driving the price up, in my opinion, paying enormous amounts for a company that loses money.

    One young guy I know sold his pickup and bought on Friday luckily earning $13K. He thinks it is going to explode to $1000 / share so he is holding. In typical fashion when if it gets to $1000 the prediction will be $1500/ share. It might but when the crash comes, the novices with stars in their eyes will have tears in their eyes.

    I remember when every expert was predicting gold at $5K an ounce and oil at $500 a barrel LOL

    It may be morally wrong for Wall Street to plunge a stock but I am sure the fellows with the clean white shirts will exact a terrible revenge. When their billions are on the line they dont fuck around.

    In the meantime my put options stand ready to capture the crash and burn scenario. Time will tell !

  • Whose 401K portfolio has gone up 400%, like the stock market over the last decade? The market is rigged so that those profits flow up to a few at the top. When a group of Redditt investors gave those market manipulators a taste of their own medicine, they whined and trading was suspended. But when they do the same to the masses on a daily basis it is just considered a natural market, which should not be interfered with. One rule for hi-speed traders and other insiders, another rule for the masses.

  • @anon
    Best thing to happen to Wall Street, and the country. I hope this keeps up, brings down the whole damn thing. It's already a sham anyway. Wall Street has been completely decoupled from Main Street for the last two decades.

    But even if this doesn't keep up, it has struck fear into WS, that this could happen again at any time.

    Meanwhile, someone needs to sue Robinhood out of existence. How ironic that they named themselves Robinhood. Instead of robbing a few bad guys to give to lots of good guys, they rob lots of good guys to give to a few bad guys. The two founders of Robinhood, a couple of 35 year old Stanford grads, are already billionaires as the company was recently valued at $6B. The good guys who got caught buying in too high can sue Robinhood to recover their losses.

    This whole episode exposes once more who the media, DC, SV and corporate America are for, not the little people, but themselves. Making money is a privilege for Jews only, everyone else can only bail them out through our taxes when they get too greedy and bring the whole thing down.

    Replies: @goldgettin, @Bert, @Frank frank, @James Forrestal, @Paperback Writer

    Meanwhile, someone needs to sue Robinhood out of existence.

    They’d be better off filing a bunch of individual arbitration claims. Vox Day has had some bad takes in the past (he got pretty deep into Qtardianism, for one), but he’s got a good point here:

    https://voxday.blogspot.com/2021/01/breaking-robinhood.html

    “Unlike AAA, FINRA has no rule allowing an arbitrator to declare an arbitration to be “frivolous”, and furthermore, the right to file even frivolous arbitrations is protected by the Federal Arbitration Act and the Supreme Court rulings Steelworkers and Schein.”

    “Robinhood’s terms of use specify California law. CCP Section 1284.3 prevents any consumer from being charged anything for an arbitration proceeding beyond the initial filing fee.”

    Seems to be a number of Robinhood customers claiming that their positions were closed out involuntarily by RH:

    https://www.theverge.com/2021/1/28/22254857/robinhood-gamestop-amc-shares-sold-surprised-users
    “On Wednesday, Robinhood warned some investors with options in GameStop and AMC that it may automatically sell off their stakes to reduce risk, the spokesperson said. But these investors told The Verge they didn’t have options in GameStop or AMC and hadn’t purchased the stocks on margin. They had purchased the shares outright, they said, and were planning to hold onto them.”

    Sounds pretty shady if true. Maybe they were cash transactions, but from a margin account?

    • Replies: @JamesinNM
    @James Forrestal

    Selling shares people own outright I consider theft at a minimum and attempted murder at a maximum, depending on the situation.

    Replies: @acementhead

  • @El Dato
    @Fozzy Bear

    Yes. This article made me laugh but also needs a few diagrams depicting the flow of money, the flow of obligations and the flow of shares.

    Today: Gamestop, Market Distortions, and Manipulations

    Do not be afraid of naked shorts

    2008-0811: Short-Sale Restrictions Are an Exercise in Naked Power


    On July 29, the SEC announced that it would extend its original 10-day restriction on "naked" short sales of 19 major financial companies through August 12. Analysts across the board agree that this particular SEC rule, by itself, will have little effect except to raise transaction costs for those wishing to short Fannie Mae, Freddie Mac, Goldman Sachs, JP Morgan, and other powerhouses.

    However, in conjunction with the Fed's recent lending operations to investment banks and Fannie and Freddie, the restriction on naked short sales makes perfect sense as part of a process of getting the public used to federal/private partnerships that would have been unthinkable before the credit crisis — especially from a "laissez-faire" administration.
     


    Unfortunately, naked short selling is not nearly as exciting as it sounds. It simply refers to a situation where a trader short sells a quantity of shares before he has actually borrowed them from an owner.

    Some of the commentary on naked short selling has become downright silly. The naked short seller is not violating the laws of logic; certain bloggers write as if we should fear a rip in the space-time continuum centered on Wall Street. If a particular stock is illiquid, and a trader wishes to speculate on an anticipated hourly move in the share price, nothing is harmed by allowing him to sell 1,000 shares and then buy them back 45 minutes later; the broker can simply debit or credit his account accordingly.

    Of course, what is really happening here is that the broker is extending a form of credit to the trader, and the buyers of the "naked" shares (i.e., the counterparties to the initial short sale) are in turn trusting the brokerage. Because those 1,000 shares weren't actually located and borrowed before the short sale, that transaction can't be completed until the trader closes his position and buys back 1,000 shares (possibly from other individuals). At that point, any of the counterparties to the original short sale who maintained their purchase, can gain title to the shares out of the 1,000 the trader bought back when closing his position.
     


    This raises an interesting question: if the restrictions on naked short selling won't do anything except throw red tape into the works, then why did the SEC do it?

    By itself, the move doesn't really benefit the fat cat Wall Street bankers, because (as we've argued above) an insolvent institution won't be helped much by bans on short sales, especially if those bans only apply to naked short sales

    The answer, it seems, is that the government is gradually eroding the remaining barriers between an explicit federal/corporate partnership with large, politically connected firms. With the bailout of Bear Stearns, the announcement of possible Fed purchases of Fannie and Freddie equity, and the restrictions on naked shorting of nineteen financial firms, the government is, step by step, desensitizing the public.

    In light of what has already happened, a basically irrelevant move to prohibit naked shorting of nineteen firms won't lead to riots. But it is a necessary step along the way to announcements that would have led to massive protests had they occurred at step one.
     

    Replies: @Twodees Partain, @James Forrestal

    At that point, any of the counterparties to the original short sale who maintained their purchase, can gain title to the shares out of the 1,000 the trader bought back when closing his position.

    How does this work out when the original short involves 140% of the shares on the market?

  • @Team of Donkeys
    @troof

    It is old, stocks go back to 1606. That is the cradle of modern western civilization.

    Just consider the implications of not being able to financially invest. No retirement options, you are a slave working for mega corporations for ubi, the old system is being "reset"

    You are a little wrong on your understanding that stock ownership isn't "owning something". Things have changed that have hijacked the system to a great degree but the concept of taking ownership of the company still exists. If you buy 51% of a company stock I promise you they will take your phone calls.

    Replies: @troof, @Onan the Barbarian

    Corporations and financial participation existed in Sweden as early as the 13th century (then it was mostly about mining), without any Wallstreet flimflam.

    • Replies: @Team of Donkeys
    @Onan the Barbarian

    Thanks for the reply, if people stop and really think about what our company model has built for us/and what rights they are taking from us nowadays, they would understand a lot more about the pernicious reality of our businesses getting hijacked. All of Western colonies were largely built up by companies like the hudson bay colony, jamestown, the East India Trading Company, etc. These were large enterprises that built the backbone of international trade. Even early adventures of Marco Polo was business trade.

    Now thanks to Affirmative Action, and "Equal Protection Rights" our businesses have been taken over by those not serving the interests of Western Civilization.

  • @Mefobills
    @Schuetze

    Tesla is a fraud, but a fraud with a Fed put.
    __________________

    There is also a China put, and a California put, etc. There is a cross-over where batteries get cheap enough, and then ICE cars are road-kill.

    I guess BEV economics don't work out, which is why GM, Volkswagen and others are comitting to electric? The "put" is only one factor in an mult-variable economic equation.

    https://www.gm.com/electric-vehicles.html

    GM is on its way to an all-electric future, with a commitment to 30 new global electric vehicles by 2025


    In Tesla's case, they are not hypothecating cars, they are actually making them and building real physical infrastructure. The shorts were the market betting against Tesla's strategy. The assumption is that Tesla profit taking was contingent on a government "put," but that ignores the Battery cross-over point, where ICE cars are roadkill.

    In other words, an entire industry is being disrupted, so the profits will come later. This sort of shorting against Tesla is not naked shorting, but a simple gamble against a strategy.

    Replies: @Schuetze, @The Alarmist, @Twodees Partain, @Corrupt

    Didn’t you forget to mention the Battery cross-over point, where ICE cars are roadkill.?

    • Replies: @Skeptikal
    @Twodees Partain

    What is the battery cross-over point?

    What is ICE?

    Replies: @acementhead, @Twodees Partain

  • @Schuetze

    "Tesla became one of the most shorted stocks of all time, forcing the price lower and causing Elon major headaches on top of his struggles with Twitter and the SEC. But the Tesla diehards believed in the company and trusted that demand for the vehicles would materialize eventually. When Tesla unexpectedly posted a quarterly profit, everything changed. The stock rocketed higher."
     
    Tesla is a fraud, but a fraud with a Fed put. As if wompy wheels, self-igniting batteries, suicidal FSD and the never ending drama of quality control deficiencies weren't enough, it is Musk's hucksterism, thuggery and blackmail of its employees that really tells the whole story. Musk should have been put in jail by the SEC years ago.

    About the only admirable thing Musk has done in his entire life is shaft California and move to Texas.

    Replies: @Mefobills, @Johnny Walker Read, @Mustapha Mond, @Onan the Barbarian

    “@elonmusk is the greatest entrepreneur of our generation. He’s trying to save Planet Earth with sustainable energy…”

    Muskrat hasn’t said a single word about where the electricity for his bumper cars is supposed to come from, nor how it is to be transported (we would require at least 10× the current capacity in terms of both generation and transmission), nor how the rare earths in the batteries are sourced, nor how they can eventually be recycled (battery composition is kept secret); and at closer scrutiny, his “business” is mostly selling CO2 certificates to people who are actually producing cars and are now being screwed over by Greta Tunastink and her ilk.

    It would be fairer to say he is the greatest charlatan of a very lost generation, trying to save his obviously damaged self-esteem with very unsustainable scamming, adored by people whose knowledge of science and technology does not cover the difference between radio waves and radioactivity, and whose knowledge of economics focuses on Scrooge McDuck.

  • I’ve used put options to short stocks that I already held long in my portfolio in order to take advantage of what I thought were short-term price fluctuations. Last March was a perfect time for that strategy.

    • Replies: @Marckus
    @Hapalong Cassidy

    Puts on Gamestop are now very cheap. Everyone thinks the Reddit crowd is going to prevail and the amateurs are driving the price up, in my opinion, paying enormous amounts for a company that loses money.

    One young guy I know sold his pickup and bought on Friday luckily earning $13K. He thinks it is going to explode to $1000 / share so he is holding. In typical fashion when if it gets to $1000 the prediction will be $1500/ share. It might but when the crash comes, the novices with stars in their eyes will have tears in their eyes.

    I remember when every expert was predicting gold at $5K an ounce and oil at $500 a barrel LOL

    It may be morally wrong for Wall Street to plunge a stock but I am sure the fellows with the clean white shirts will exact a terrible revenge. When their billions are on the line they dont fuck around.

    In the meantime my put options stand ready to capture the crash and burn scenario. Time will tell !

  • @James Forrestal
    @DrWatson


    Haaretz already noticed:
     
    Yeah, that same piece is on the Times of Israel and JTA as well.

    Bronze Age Pervert makes a good point:

    https://twitter.com/bronzeagemantis/status/1355376053322215428

    Back to the piece that you linked... looks like this narrative is something of a kosher sandwich -- or perhaps even an entire deli:

    "The main squeeze victims in this story are Steve Cohen and Gabe Plotkin, two Jewish investors who are also two of the most successful hedge fund chiefs on Wall Street."

    "But they aren’t the only Jewish characters involved. Ryan Cohen, founder of the successful pet products company Chewy, is the largest stakeholder in GameStop, with about 9 million shares, making him the big winner of the week. As of Wednesday, he had made $3 billion in a matter of days from the fallout."

    "Then there’s Jewish troll extraordinaire Dave Portnoy, founder of the hugely popular blog and social media company Barstool Sports, who has emerged as one of the leading public advocates for the mass of small investors who mostly remain anonymous on sites like Reddit."

    Also noteworthy for those unaware of the deeply semitic nature of antifa -- the author of the Haaretz piece quotes a notorious antifa operative, doxxer/ riot organizer "AntiFash Gordon," characterizing him as a "world authority" on the so-called "far-right" [aka normal White people].

    "AntiFash Gordon," of course, is entirely on the side of the hedge funds -- as are a number of other prominent antifags.

    "Anarcho-communism" in action:

    https://i.postimg.cc/sD4YgC70/Stonetoss-Communists-Plutocrats.png

    Replies: @DrWatson, @RedpilledAF

    I looked up this Antifash Gordon person and he is a real lowlife. He is employed by St Lawrence Univ at Canton, NY where his father is a retired prof, it seems: https://thehillnews.org/news/thao-nguyen/st-lawrence-university-and-christian-exoo-facing-lawsuit-for-doxing

    He works as a building superintendent. How appropriate, in Hungary building superintendents used to report on the tenants to the secret police in the 50s, the most brutal Communist era here.

    Look at his avatar at twitter https://twitter.com/AntiFashGordon and his real-life image at https://thepostmillennial.com/antifa-activist-encourages-people-to-steal-from-his-university-employer

    He, as well as St Lawrence U, also twitter was sued by the man D’Ambly, whom he doxxed and harrassed by his many followers (see link above and here: https://www.law.com/njlawjournal/2020/09/21/twitter-faces-lawsuit-by-man-doxed-as-white-supremacist/?slreturn=20210031061751).

    There is a collection of info on him here: https://patriotfriends.club/index.php/your-profile/video/86-christian-exoo-aka-quot-antifash-gordon-quot-accused-of-blackmail-saying-the-n-word-and-creepy-behavior-towards-underage-girls?fbclid=IwAR3UYiJxqaKqYFQWIpYnLiZUdkWZ081bHm71qtQwk11sgK3pNnX0fFFadaw

    He was once an aspiring actor, appearing in a sex scene, having oral sex with a decapitated head.

  • @James Forrestal
    @Street of wall


    Read Wall Street on Parade for an interesting take.
     
    That is interesting. That guy (originally doxxed by CNBC, I think) is likely to get thrown under the bus by the time they wind up this whole narrative, and his backer(s) will never be publicly identified. In the meantime they've got a great "little guys band together to take on the hedge fund oligarchs! David vs. Goliath! Robin Hood!*" vs. "muh 'antisemitic' nazis/ bro culture" dialectic going.

    Looks like the main beneficiaries are Ryan Cohen, Michael "Big Short" Burry, and...

    "Reuters is reporting that the giant asset manager, BlackRock [aka the Fed/ the Treasury Dept], “owned about 9.2 million shares, or a roughly 13% stake, in GameStop as of Dec. 31, 2020,” and could have made upwards of $2.4 billion on the rise in the stock since the end of December"

    Though the significance of that is unclear, given BlackRock's sheer size. They probably own 13% (or more) of a lot of corporations.

    *The trading app "Robinhood" is at the core of the narrative, of course. And Joshua Browder -- son of notorious (((American/ British/ Russian))) oligarch Bill Browder -- who is involved in a class action lawsuit against Robinhood? He's been hyped as the so-called "Robin Hood of the Interwebz" by various "news" outlets in the past.

    Replies: @Schuetze, @Expletive Deleted, @Paperback Writer

    Didn’t Ryan the Chewy guy mount some kind of boardroom putsch against the remarkably non-tribal Sherman setup? But adroitly dodged being in the hot seat if and when it all goes t1ts?
    Did he and his associates start this whole pumping operation back in November or thereabouts?
    https://marketinsider.net/ryan-cohen-open-letter-to-gamestop-board

    • Replies: @James Forrestal
    @Expletive Deleted


    Didn’t Ryan the Chewy guy mount some kind of boardroom putsch against the remarkably non-tribal Sherman setup? But adroitly dodged being in the hot seat if and when it all goes t1ts?
     
    Yeah that looks like a threat of a hostile takeover/ proxy fight if GameStop management didn't do what he wanted (multiple seats on board, more emphasis on digital, etc.)

    And guess what happened on January 11?
    https://www.sec.gov/Archives/edgar/data/1326380/000132638021000006/a991-gamestopxpressrelease.htm

    "GameStop Corp. (NYSE: GME) (“GameStop” or the “Company”) today announced that it has entered into an agreement with RC Ventures LLC (“RC Ventures”) that will advance the refreshment of the Company’s Board of Directors (the “Board”). RC Ventures, which is one of the Company’s largest stockholders, is managed by Ryan Cohen. The agreement provides for the immediate appointment of three new directors – Alan Attal, Ryan Cohen and Jim Grube"
    [Grube and Attal are Cohen associates/ fellow Chewyites]

    Interesting timing...

    Did he and his associates start this whole pumping operation back in November or thereabouts?
     
    It would be pretty hard to prove that, since all of Cohen's maneuvers are consistent with a takeover rather than a pump and dump scheme. The obvious way for him to realize a big profit would be to sell now, but even under the current system, that might be hard to pull off without consequences.

    What is fairly clear that several accounts on wallstreetbets were pushing GameStop pretty hard from Nov-Dec on:
    https://web.archive.org/web/20201208222656if_/https://www.reddit.com/r/wallstreetbets/comments/k9apx5/gme_q3_call_thoughts_on_the_clash_between_cohen/
    Calls Cohen a "boy genius," "amazing businessman," a guy who "beat Amazon," "outworked and outsmarted everyone," etc.

    https://web.archive.org/web/20201211050201if_/https://www.reddit.com/r/wallstreetbets/comments/kakxrm/gme_tribe_a_story_about_how_ryan_cohen_is_about/

    Cohen is going to be a legend because of it after he executes this plan, triggers the MOASS, and takes control of GME to convert it to a tech-first gaming juggernaut

    Any connection between Cohen and the guys shilling for him (and GameStop) on WSB? Who knows?

    But even if he holds onto his shares, the company he took over, and his plan for it, "just happened" to get an insane level of publicity out of this story -- right after he moved in. Huh.

    Though Sherman's not exactly being driven into the poorhouse by this, since he owns something like 1.2 million shares...
  • Brillant! A popular castration. They’re addicted to liquidity so you drown them with it until they choke and die. Sound familiar ? Call it the Sackler strategy.

  • @DrWatson
    @Defcon

    Right on. Haaretz already noticed: https://twitter.com/haaretzcom/status/1355120525119393792


    The video game store sits at the center of a dramatic “short squeeze” that has market watchers wondering whether stock trading could forever be changed. Multiple prominent Jewish money managers are involved in the saga, on both the winning and losing sides. Online antisemites have noticed, seizing the opportunity to connect it all to age-old stereotypes about Jewish manipulation of the financial world.
     

    Replies: @James Forrestal, @Kolya Krassotkin

    Kristalstock: Never forget the six million shares.

  • THE HEDGE FUND CRIES OUT AS HE SHORTS YOU…

    • LOL: mark green
  • @James Forrestal
    @Street of wall


    Read Wall Street on Parade for an interesting take.
     
    That is interesting. That guy (originally doxxed by CNBC, I think) is likely to get thrown under the bus by the time they wind up this whole narrative, and his backer(s) will never be publicly identified. In the meantime they've got a great "little guys band together to take on the hedge fund oligarchs! David vs. Goliath! Robin Hood!*" vs. "muh 'antisemitic' nazis/ bro culture" dialectic going.

    Looks like the main beneficiaries are Ryan Cohen, Michael "Big Short" Burry, and...

    "Reuters is reporting that the giant asset manager, BlackRock [aka the Fed/ the Treasury Dept], “owned about 9.2 million shares, or a roughly 13% stake, in GameStop as of Dec. 31, 2020,” and could have made upwards of $2.4 billion on the rise in the stock since the end of December"

    Though the significance of that is unclear, given BlackRock's sheer size. They probably own 13% (or more) of a lot of corporations.

    *The trading app "Robinhood" is at the core of the narrative, of course. And Joshua Browder -- son of notorious (((American/ British/ Russian))) oligarch Bill Browder -- who is involved in a class action lawsuit against Robinhood? He's been hyped as the so-called "Robin Hood of the Interwebz" by various "news" outlets in the past.

    Replies: @Schuetze, @Expletive Deleted, @Paperback Writer

    Here is the wallstreetonparade article:

    https://wallstreetonparade.com/2021/01/gamestop-promoter-keith-gill-was-no-amateur-trader-he-held-sophisticated-trading-licenses-and-worked-in-the-finance-industry/

    “The largest brokerage firms on Wall Street would never allow a Registered Rep to use multiple anonymous user names and promote a $5 stock to a mass public audience because there would be no way to know if it was a suitable investment for the level of risk the individual person could afford to take. The bulk of lawsuits that are brought, and won, against brokerage firms are for “failure to supervise.”

    Gill’s YouTube videos did offer a scrolling statement at the end to the effect that this was not meant to be personal investment advice. But if it wasn’t, why was he putting it out on a mass medium like YouTube.

    Gill has another potential problem. According to media reports, Gill was posting copies of his brokerage statements at E-Trade showing his GameStop position making millions of dollars in a short span of time while he was employed at MassMutual. Under FINRA Rule 3210, a licensed broker must first get permission from the broker-dealer where they are employed to open a trading account at another firm. ”

    Keith Patrick Gill has the typical kazarian schnoz and he certainly behaves like one:

    • Replies: @James Forrestal
    @Schuetze


    The largest brokerage firms on Wall Street would never allow a Registered Rep to use multiple anonymous user names and promote a $5 stock to a mass public audience
     
    Interesting that a relatively obscure blog like Wall Street on Parade is quick to point out the obvious issue -- this Gill guy is a licensed professional actively employed in the industry, who's anonymously hyping stocks that he has a personal stake in, while posing as an "amateur investor." But accounts from mainstream "news" outlets? They seem to ignore it entirely, presenting very sympathetic profiles of Gill:

    https://heavy.com/news/keith-gill-roaring-kitty/
    https://www.telegraph.co.uk/business/2021/01/29/top-wallstreetbets-investor-roaring-kitty-unmasked-financial/

    Including the WSJ:

    https://www.wsj.com/articles/keith-gill-drove-the-gamestop-reddit-mania-he-talked-to-the-journal-11611931696

    Maybe he's not gonna get thrown under the bus...

    Is this solely a profession ethics/ license issue? Or a legal one?
  • Did I just hear that Biden’s DOJ announced that the small investors that bought GAME STOP, will be investgated? Bizzaro world.

  • Very clear.

    It’s the same crowd as Jordan Peterson followers. Young mostly white males in their 20-40 and with a low expectations to potential ratio.

    That kind of human material makes extraordinary movements possible and could bring welcomed dramatic change.

  • @Street of wall
    @cranc

    Read Wall Street on Parade for an interesting take.

    Replies: @James Forrestal

    Read Wall Street on Parade for an interesting take.

    That is interesting. That guy (originally doxxed by CNBC, I think) is likely to get thrown under the bus by the time they wind up this whole narrative, and his backer(s) will never be publicly identified. In the meantime they’ve got a great “little guys band together to take on the hedge fund oligarchs! David vs. Goliath! Robin Hood!*” vs. “muh ‘antisemitic’ nazis/ bro culture” dialectic going.

    Looks like the main beneficiaries are Ryan Cohen, Michael “Big Short” Burry, and…

    “Reuters is reporting that the giant asset manager, BlackRock [aka the Fed/ the Treasury Dept], “owned about 9.2 million shares, or a roughly 13% stake, in GameStop as of Dec. 31, 2020,” and could have made upwards of $2.4 billion on the rise in the stock since the end of December”

    Though the significance of that is unclear, given BlackRock’s sheer size. They probably own 13% (or more) of a lot of corporations.

    *The trading app “Robinhood” is at the core of the narrative, of course. And Joshua Browder — son of notorious (((American/ British/ Russian))) oligarch Bill Browder — who is involved in a class action lawsuit against Robinhood? He’s been hyped as the so-called “Robin Hood of the Interwebz” by various “news” outlets in the past.

    • Replies: @Schuetze
    @James Forrestal

    Here is the wallstreetonparade article:

    https://wallstreetonparade.com/2021/01/gamestop-promoter-keith-gill-was-no-amateur-trader-he-held-sophisticated-trading-licenses-and-worked-in-the-finance-industry/


    "The largest brokerage firms on Wall Street would never allow a Registered Rep to use multiple anonymous user names and promote a $5 stock to a mass public audience because there would be no way to know if it was a suitable investment for the level of risk the individual person could afford to take. The bulk of lawsuits that are brought, and won, against brokerage firms are for “failure to supervise.”

    Gill’s YouTube videos did offer a scrolling statement at the end to the effect that this was not meant to be personal investment advice. But if it wasn’t, why was he putting it out on a mass medium like YouTube.

    Gill has another potential problem. According to media reports, Gill was posting copies of his brokerage statements at E-Trade showing his GameStop position making millions of dollars in a short span of time while he was employed at MassMutual. Under FINRA Rule 3210, a licensed broker must first get permission from the broker-dealer where they are employed to open a trading account at another firm. "
     
    Keith Patrick Gill has the typical kazarian schnoz and he certainly behaves like one:

    https://www.b.wikiage.org/wp-content/uploads/2021/01/Keith-Patrick-Gill-Net-Worth-Age-MassMutual-And-Wife-Roaring-Kitty-Youtube-534x381.jpg

    https://bostonglobe-prod.cdn.arcpublishing.com/resizer/rgXyOZq3i4r6uRNA46YSFp-30co=/1280x0/cloudfront-us-east-1.images.arcpublishing.com/bostonglobe/4RSQLVPMNJBBVC4EFRZCUB7MXU.png

    Replies: @James Forrestal

    , @Expletive Deleted
    @James Forrestal

    Didn't Ryan the Chewy guy mount some kind of boardroom putsch against the remarkably non-tribal Sherman setup? But adroitly dodged being in the hot seat if and when it all goes t1ts?
    Did he and his associates start this whole pumping operation back in November or thereabouts?
    https://marketinsider.net/ryan-cohen-open-letter-to-gamestop-board

    Replies: @James Forrestal

    , @Paperback Writer
    @James Forrestal


    Reuters is reporting that the giant asset manager, BlackRock [aka the Fed/ the Treasury Dept], “owned about 9.2 million shares, or a roughly 13% stake, in GameStop as of Dec. 31, 2020,” and could have made upwards of $2.4 billion on the rise in the stock since the end of December”
     
    BlackRock downsized its ownership of GME stock in December, selling when it was $18.84 per stock. They're making money off the squeeze but less than they would have if they'd held.

    Your point is?

    Replies: @James Forrestal

  • @Team of Donkeys
    @troof

    It is old, stocks go back to 1606. That is the cradle of modern western civilization.

    Just consider the implications of not being able to financially invest. No retirement options, you are a slave working for mega corporations for ubi, the old system is being "reset"

    You are a little wrong on your understanding that stock ownership isn't "owning something". Things have changed that have hijacked the system to a great degree but the concept of taking ownership of the company still exists. If you buy 51% of a company stock I promise you they will take your phone calls.

    Replies: @troof, @Onan the Barbarian

    1606 is not the “cradle” of anything except modern capitalism, and it doesn’t seem that old to me at all. There are no implications to “financial investments” it’s just a mirage of stories about trading shares in nothing. Real “ownership” of things and places starts with actual possession, so “the concept of taking a company” is meaningless. Possession is 9/10th the rule and this “stock market” relies on huge swathes of mental indoctrination to survive and keep the workers in line.

    What counts is what I have in my hands, and UBI is hardly a form of “slavery”. We are all “enslaved” to our dependency on technology and socially organised economies, but that’s true with or without stock corporations. If you think “freedom” consists in relying on an ephemeral “stock market” to magically “invest” digits on a computer screen that mostly relates to nothing anyway… since 1606 most wealth has been held in the form of real capital, like houses, farms, local business, tangibles, and meaningful relationships with other people who reciprocate in turn.

    A constitutional guarantee of subsistence and general protection is essential to all “investments”, just like in the capitalist age the whole FIRE sector is really an extension of any government, and cannot exist outside of the State itself.

  • @Rev. Spooner
    @Bolteric

    The trading on the stock market should be straightforward and not a casino.
    Why are you cheering? You are an idiot to say "The market is fascinating, gotta give credit to the Jews who made more so that way."

    Replies: @SaneClownPosse, @Bolteric

    I took that as /sarc.

    They are always finding ways around any law/regulation, whether it’s their God’s or Man’s.

    Each Passover, they are supposed to sell their dishware, (why I don’t know, some archaic rule from the distant past). This practice has evolved to a scheme, where the Jew sells his dishes to his rabbi for $x, then after Passover, the Jew repo’s his dishes for some multiple of $x that goes directly into the rabbi’s retirement fund. The dishes never leave the cupboard, just the “title” is passed back and forth.

    Second example, in Brooklyn, there will be a inert wire strung around a block for the purpose of enclosing the block as one contiguous “household”. This is to get around Sabbath restrictions on what one can do outside of one’s household.

    Both of these examples were related to me, without irony, by practicing Jews.

    • Replies: @Skeptikal
    @SaneClownPosse

    "Second example, in Brooklyn, there will be a inert wire strung around a block for the purpose of enclosing the block as one contiguous “household”. This is to get around Sabbath restrictions on what one can do outside of one’s household."

    Oh, yeah, they have done this is a whole neighborhood in London. I can't recall the name of this Jewish "joke" either.

    They can get around anything! Any rules! They are constantly pulling a fast one of Yahweh. Makes you think "Yawweh" actually means "Bwa ha ha ha"!

    I think there is actually a Yiddish name for this this brand of Jewish chicanery.

    OK here it is:
    " An eruv is a symbolic boundary created with a string of fishing wire typically hung from a series of utility poles or other structures. The eruv creates a safe space for Orthodox Jews to carry certain items they otherwise would be forbidden to carry while outside the home on the Sabbath."

    If they were on friendly terms with their neighbors they could ask their Goyische friends to carry these items---such as food--- for them. What idiots.

    Replies: @Kolya Krassotkin, @Hibernian

  • @DrWatson
    @Defcon

    Right on. Haaretz already noticed: https://twitter.com/haaretzcom/status/1355120525119393792


    The video game store sits at the center of a dramatic “short squeeze” that has market watchers wondering whether stock trading could forever be changed. Multiple prominent Jewish money managers are involved in the saga, on both the winning and losing sides. Online antisemites have noticed, seizing the opportunity to connect it all to age-old stereotypes about Jewish manipulation of the financial world.
     

    Replies: @James Forrestal, @Kolya Krassotkin

    Haaretz already noticed:

    Yeah, that same piece is on the Times of Israel and JTA as well.

    Bronze Age Pervert makes a good point:

    https://twitter.com/bronzeagemantis/status/1355376053322215428

    Back to the piece that you linked… looks like this narrative is something of a kosher sandwich — or perhaps even an entire deli:

    “The main squeeze victims in this story are Steve Cohen and Gabe Plotkin, two Jewish investors who are also two of the most successful hedge fund chiefs on Wall Street.”

    “But they aren’t the only Jewish characters involved. Ryan Cohen, founder of the successful pet products company Chewy, is the largest stakeholder in GameStop, with about 9 million shares, making him the big winner of the week. As of Wednesday, he had made $3 billion in a matter of days from the fallout.”

    “Then there’s Jewish troll extraordinaire Dave Portnoy, founder of the hugely popular blog and social media company Barstool Sports, who has emerged as one of the leading public advocates for the mass of small investors who mostly remain anonymous on sites like Reddit.”

    Also noteworthy for those unaware of the deeply semitic nature of antifa — the author of the Haaretz piece quotes a notorious antifa operative, doxxer/ riot organizer “AntiFash Gordon,” characterizing him as a “world authority” on the so-called “far-right” [aka normal White people].

    “AntiFash Gordon,” of course, is entirely on the side of the hedge funds — as are a number of other prominent antifags.

    “Anarcho-communism” in action:

    • Replies: @DrWatson
    @James Forrestal

    I looked up this Antifash Gordon person and he is a real lowlife. He is employed by St Lawrence Univ at Canton, NY where his father is a retired prof, it seems: https://thehillnews.org/news/thao-nguyen/st-lawrence-university-and-christian-exoo-facing-lawsuit-for-doxing

    He works as a building superintendent. How appropriate, in Hungary building superintendents used to report on the tenants to the secret police in the 50s, the most brutal Communist era here.

    Look at his avatar at twitter https://twitter.com/AntiFashGordon and his real-life image at https://thepostmillennial.com/antifa-activist-encourages-people-to-steal-from-his-university-employer

    He, as well as St Lawrence U, also twitter was sued by the man D'Ambly, whom he doxxed and harrassed by his many followers (see link above and here: https://www.law.com/njlawjournal/2020/09/21/twitter-faces-lawsuit-by-man-doxed-as-white-supremacist/?slreturn=20210031061751).

    There is a collection of info on him here: https://patriotfriends.club/index.php/your-profile/video/86-christian-exoo-aka-quot-antifash-gordon-quot-accused-of-blackmail-saying-the-n-word-and-creepy-behavior-towards-underage-girls?fbclid=IwAR3UYiJxqaKqYFQWIpYnLiZUdkWZ081bHm71qtQwk11sgK3pNnX0fFFadaw

    He was once an aspiring actor, appearing in a sex scene, having oral sex with a decapitated head.

    , @RedpilledAF
    @James Forrestal

    It is always a Talmudic dialectic.

  • @Skeptikal
    @Schuetze

    "They invented this idea of allowing private people to do trades because they just thought they’d suck up everyone’s money, "

    Well, they also sucked up their data, to use to create algorithms and who knows what else.

    It is a form of cannibalism. These companies are not *offering* anything; they are *stealing* the personal data of anyone who uses their app for whatever the eff it is.

    FaceBook, Robinhood---cannibals.

    I don't see what the point is of Robinhood. Why don't people use online discount brokers such as Ameritrade and others?


    I wonder whether Ameritrade is data mining . . .

    Replies: @Schuetze

    Likely a large part of Robinhoods appeal to idiot millenials is “the app”. Shiny bling conquers shallow narcistic stooges every time. Tic Toc anyone?

    TD Ameritrade (it now belongs to Toronto Dominion Bank IIRC), Schwab and Etrade were all forced to offer “free” trading because of Robinhood’s model. This kind of (((predatory))) capitalism has happened in waves over the last few decades. In the cases of Google, Twitter, Facebook, Amazon and Youtube we must recognize that the usual kazarian gangsters used their jewish power and control of the government to offer bandwidth and infrastructure for free, legal protections and regulatory capture, and of course free promotion through the cabal owned media and Hollywood. The competition had no hope of being able to meet the massive multi-spectrum subsidy. The game was rigged by the (((usual suspects))). The discount brokers were forced to capitulate and likely will disappear in the next decade.

    In the case of Facebook they were able to demolish myspace for no understandable reason. Google was able to demolish altavista and others in the same fashion. Ditto youtube and Amazon. It wasn’t due to better talent or better product, it was just kazarian gangsters looting and pillaging.

    It is this collusion from within the chosenite tribe that works against the goyim in all facets of our civilization. Universities, banks, justice departments, legal bars, medical profession, “science” are all first cracked using charges of racism and the culture of critique, and once the jewish trojan horse has arrived the flood gates are opened. As each region of our civilization falls to the kazarians, the situation becomes even more hopeless.

    Of course the shabbez goyim will start blathering about “good jews” while ignoring their blatant and crass in-group preferences because the jews that own them lie so well. Jews themselves will kvetch and fling holocaust spittle at goyim so impudent as to mention what is happening right underneath everyone’s noses.

    • Replies: @Skeptikal
    @Schuetze

    Interesting. I certainly welcomed the advent of free trading on TD Ameritrade! Which gobbled up Scottrade, where I had my first account.

    TD Ameritrade has now merged with Charles Schwab.

    No doubt about it, free trades really free one up to experiment! Or even do a bit of day trading. Especially in IRA account. No obvious downsides that I can see. For now.

    I have wondered what Ameritrade's business model is.

    Perhaps being "data-mined" is a worthwhile barter for not having to pay fees and commissions of all kinds.

    Regarding the Khazarian bandit capitalism you describe, I do think the originator of this form of "growing" a corporation sprang from the forehead of John D. Rockefeller. And J. P. Morgan.

    But perhaps the seeds were planted by wayward Khazes.

  • @RedpilledAF
    The Talmudics will find a way to punish the goyim. Either by shutting this down for the future or somehow hijacking it and making it a way to line their own pockets. The goy must not be allowed to succeed.

    Replies: @Whitewolf

    The Talmudics will find a way to punish the goyim. Either by shutting this down for the future or somehow hijacking it and making it a way to line their own pockets. The goy must not be allowed to succeed.

    Anything they do to attack the reddit guys will only hurt the reputation of tbe US stock market. A short squeeze is a legitimate play regardless of who does it. The world is watching this thing and I don’t see how they can hurt the reddit guys without hurting wall st. If they were just running a pump and dump operation on the reddit guys that would be fine. Brokers like RH not letting them buy stocks to help out hedge funds is just plain cheating. In a fair market the hedge funds would have been destroyed.

    • Agree: MrVoid
  • @Larchmonter420
    @Realist


    Somehow the taxpayers will foot the bill.
     
    Salam brother,

    There is no such thing as taxpayers. In fact, it is the opposite! "Negative Income Tax" is being introduced under the disguised of Covid-19 and Covid-21. No more M1 (mammon) is being printed. It is all debit/credit; debit/credit; debit/credit where no mammon changing hands. It no longer matters how big the USA Federal deficit is. The deficit is only in the cloud!

    You file your taxes, and IRS will reimburse you money....

    Best regards,

    Mohamed

    Replies: @Temporary Insanity

    Mammon worshippers have been given the earth and it’s being valued by them at such a number, say, a gazillion trillion, that it is no longer important how much money they print because the rest of us are here only to enjoy their assets (the earth) momentarily; i.e. eat, shit, reproduce (more slaves) then at last die but the world remains theirs for the eternity. What a magical formula!

  • @Perifractal
    Hypothesis: it was an action orchestrated by big fish, the first step in a process of internal rearrangement in Wall Street before BrettonWoods 2.0. Not all investors went short, there were also long positions, 5 funds had + 50% of GameStop, BlackRock with 13.2% profited +2 Bn USD. They used Reddit to build critical mass. Control of Wall Street is consolidated in a few hands, in order to lead to a controlled demolition, where the narrative of the democratization of financial markets is functional to this process: the financial elites have been punished by the people, so now we can reset and start over.

    Replies: @Catdog

    My finance guy told me that none of the three firms that own more than 10% of GME are allowed to sell right now. You can only buy/sell once every six months when you own that much of a company.

  • @Bert
    @acementhead

    Tim Flannery predicted that the Central American Amerindians will replace the European-Americans. When I read that, I detected a smile of satisfaction on his face. Clearly he is dumb. He doesn't understand what happens when you heat a closed can of soup to 500 degrees in campfire.

    Replies: @Skeptikal

    Revenge—or return?—of the Neanderthals.

  • @Defcon
    @polistra

    Not if a jew does it, might want to tone that antisemitism down a bit, wouldn't want to risk being labeled a domestic terrorists would we?

    Replies: @Rev. Spooner, @DrWatson

    Right on. Haaretz already noticed: https://twitter.com/haaretzcom/status/1355120525119393792

    The video game store sits at the center of a dramatic “short squeeze” that has market watchers wondering whether stock trading could forever be changed. Multiple prominent Jewish money managers are involved in the saga, on both the winning and losing sides. Online antisemites have noticed, seizing the opportunity to connect it all to age-old stereotypes about Jewish manipulation of the financial world.

    • Replies: @James Forrestal
    @DrWatson


    Haaretz already noticed:
     
    Yeah, that same piece is on the Times of Israel and JTA as well.

    Bronze Age Pervert makes a good point:

    https://twitter.com/bronzeagemantis/status/1355376053322215428

    Back to the piece that you linked... looks like this narrative is something of a kosher sandwich -- or perhaps even an entire deli:

    "The main squeeze victims in this story are Steve Cohen and Gabe Plotkin, two Jewish investors who are also two of the most successful hedge fund chiefs on Wall Street."

    "But they aren’t the only Jewish characters involved. Ryan Cohen, founder of the successful pet products company Chewy, is the largest stakeholder in GameStop, with about 9 million shares, making him the big winner of the week. As of Wednesday, he had made $3 billion in a matter of days from the fallout."

    "Then there’s Jewish troll extraordinaire Dave Portnoy, founder of the hugely popular blog and social media company Barstool Sports, who has emerged as one of the leading public advocates for the mass of small investors who mostly remain anonymous on sites like Reddit."

    Also noteworthy for those unaware of the deeply semitic nature of antifa -- the author of the Haaretz piece quotes a notorious antifa operative, doxxer/ riot organizer "AntiFash Gordon," characterizing him as a "world authority" on the so-called "far-right" [aka normal White people].

    "AntiFash Gordon," of course, is entirely on the side of the hedge funds -- as are a number of other prominent antifags.

    "Anarcho-communism" in action:

    https://i.postimg.cc/sD4YgC70/Stonetoss-Communists-Plutocrats.png

    Replies: @DrWatson, @RedpilledAF

    , @Kolya Krassotkin
    @DrWatson

    Kristalstock: Never forget the six million shares.

  • @troof
    @Team of Donkeys


    an old Western civilization system known as the stock market
     
    Not that old; something which develops in cities. Also completely pointless, it ignores what it really means to "own" anything.

    Replies: @Team of Donkeys

    It is old, stocks go back to 1606. That is the cradle of modern western civilization.

    Just consider the implications of not being able to financially invest. No retirement options, you are a slave working for mega corporations for ubi, the old system is being “reset”

    You are a little wrong on your understanding that stock ownership isn’t “owning something”. Things have changed that have hijacked the system to a great degree but the concept of taking ownership of the company still exists. If you buy 51% of a company stock I promise you they will take your phone calls.

    • Replies: @troof
    @Team of Donkeys

    1606 is not the "cradle" of anything except modern capitalism, and it doesn't seem that old to me at all. There are no implications to "financial investments" it's just a mirage of stories about trading shares in nothing. Real "ownership" of things and places starts with actual possession, so "the concept of taking a company" is meaningless. Possession is 9/10th the rule and this "stock market" relies on huge swathes of mental indoctrination to survive and keep the workers in line.

    What counts is what I have in my hands, and UBI is hardly a form of "slavery". We are all "enslaved" to our dependency on technology and socially organised economies, but that's true with or without stock corporations. If you think "freedom" consists in relying on an ephemeral "stock market" to magically "invest" digits on a computer screen that mostly relates to nothing anyway... since 1606 most wealth has been held in the form of real capital, like houses, farms, local business, tangibles, and meaningful relationships with other people who reciprocate in turn.

    A constitutional guarantee of subsistence and general protection is essential to all "investments", just like in the capitalist age the whole FIRE sector is really an extension of any government, and cannot exist outside of the State itself.

    , @Onan the Barbarian
    @Team of Donkeys

    Corporations and financial participation existed in Sweden as early as the 13th century (then it was mostly about mining), without any Wallstreet flimflam.

    Replies: @Team of Donkeys

  • As someone who likes a gamble I don’t see anything wrong with what the hedge funds or the reddit guys are doing. Up until the RH started doing shady stuff like limiting buy access for stocks and selling people’s shares without permission it was all just good fun.

    The hedge funds should take the haircut they set themselves up for. If that means some billionaires go broke then so be it. They made a bad bet and lost. They should pay up just like any other gambler on the stock market does when they lose. I get the feeling that RH itself won’t be around long and will be one of the biggest losers.

    • Agree: MrVoid
  • @cranc
    @Colin Wright

    Joshua Browder (son of Bill) has stepped forward to lead a class action lawsuit against Robinhood's blatantly illegal activity.
    Not someone I would personally trust to pursue justice or recompense.

    Could this thing be a set up trap like Capitol ?

    Replies: @chris, @Street of wall

    Read Wall Street on Parade for an interesting take.

    • Replies: @James Forrestal
    @Street of wall


    Read Wall Street on Parade for an interesting take.
     
    That is interesting. That guy (originally doxxed by CNBC, I think) is likely to get thrown under the bus by the time they wind up this whole narrative, and his backer(s) will never be publicly identified. In the meantime they've got a great "little guys band together to take on the hedge fund oligarchs! David vs. Goliath! Robin Hood!*" vs. "muh 'antisemitic' nazis/ bro culture" dialectic going.

    Looks like the main beneficiaries are Ryan Cohen, Michael "Big Short" Burry, and...

    "Reuters is reporting that the giant asset manager, BlackRock [aka the Fed/ the Treasury Dept], “owned about 9.2 million shares, or a roughly 13% stake, in GameStop as of Dec. 31, 2020,” and could have made upwards of $2.4 billion on the rise in the stock since the end of December"

    Though the significance of that is unclear, given BlackRock's sheer size. They probably own 13% (or more) of a lot of corporations.

    *The trading app "Robinhood" is at the core of the narrative, of course. And Joshua Browder -- son of notorious (((American/ British/ Russian))) oligarch Bill Browder -- who is involved in a class action lawsuit against Robinhood? He's been hyped as the so-called "Robin Hood of the Interwebz" by various "news" outlets in the past.

    Replies: @Schuetze, @Expletive Deleted, @Paperback Writer

  • @acementhead
    @Schuetze


    "Without all the massive subsidies Tesla never would have gotten started, it if had, it never would have been able to open a plant."
     
    Absolutely correct. Tesla owes its existence solely to moronic, lunatic-leftist politicians. Oh and also dullard 'scientists' such as Tim Flannery pushing the "climate emergency" fraud. Flannery is so stupid that he couldn't get in to a science degree course so did a degree in English Lit.

    Replies: @Bert

    Tim Flannery predicted that the Central American Amerindians will replace the European-Americans. When I read that, I detected a smile of satisfaction on his face. Clearly he is dumb. He doesn’t understand what happens when you heat a closed can of soup to 500 degrees in campfire.

    • Replies: @Skeptikal
    @Bert

    Revenge---or return?---of the Neanderthals.

  • Oy Vey! Six billion shekels. It’s another Shoah!

  • @Rev. Spooner
    You're laughing, Jews are losing money on holocaust remembrance day and you're laughing. You folks are heartless, worse than the Nazis. What do we need to do, disappear?

    Replies: @Munga Bulga, @Alexandros

    What do we need to do, disappear?

    It would save us a lot of trouble.

  • What I found surprising was jews don’t charge other jews interest. Listening to ex moneyman, now rabbi “ what’s his name” on the Internet, he said that when giving loans to fellow jews, it’s wrong to hit them up for interest. Alright to charge the White sucker though.

  • @Doug Hillman
    @Carlton Meyer

    Difficult indeed. There's vast web of similarly manifest frauds woven by the High Tech Wall Street Casino --- the epitome of late-stage crony capitalism. When an "indispensable" hedge fund is at risk, key platforms block trading and even the SEC awakens briefly to issue an "advisory".

    Some frauds may be too elephantine to see. For instance, why is the Federal Reserve not federal at all? Can any nation be a sovereign democracy if its money supply is controlled by a private banking cartel with little transparency or accountability?

    And why/how are corporations classified as persons with greater civil rights than human beings? Is democracy possible when corporate persons have no campaign finance limits?

    Only a moderate dose of common sense begins to render this web transparent, exposing the sociopaths behind it.

    Replies: @Garliv

    You say it well. It boggles the mind why such key institution like Federal Bank is not actually Federal. That somehow Wall Street essentially operate Stock markets like mobsters’ casino.
    Unfortunately the level of awareness among the public in the US and Europe and everywhere else is so brainwashed that these cartels have nothing to fear. The political leaders and mainstream media are well paid and or blackmailed by the cartels to do anything.
    We are doomed for another 100 years.

  • @cranc
    @Colin Wright

    Joshua Browder (son of Bill) has stepped forward to lead a class action lawsuit against Robinhood's blatantly illegal activity.
    Not someone I would personally trust to pursue justice or recompense.

    Could this thing be a set up trap like Capitol ?

    Replies: @chris, @Street of wall

    Interesting point, but I think a trap would not have involved billions of $s in loses. A trap would have been more like the Capitol protests, involving little actual damage but lots of propaganda photo-ops.

    Still, for me, the Wall Street insurrection does look a lot like the antifa riots, where you have the cops playing Keystone roles and you’re looking for the puppeteers.

    In the age of public theater, it’s hard to believe in well coordinated but undetected spontaneous acts.

  • @Schuetze
    As is quite often the case, Andrew Anglin has the best explanation for what happened to Gamestop:

    "These Jews set up the “short sell” swindle believing that only Jews (or soulless scumbags who work for Jews) would ever have the ability to operate on the stock market at scale. They knew they wouldn’t ever rip each other off, elsewise they’d get dragged in front of the rabbinical council.
    ...
    You see: there is nothing preventing people from doing this, other than rabbinical councils. And guess what? Goyim don’t even know that those rabbinical councils exist! The only time you ever hear about it is when some Jew mentions it offhandedly, or it comes up in court that some Wall Street swindle was “supposed to be settled by the rabbis.”

    The most high-profile example is probably when Jared Kushner said that Chris Christie should have left his father’s crimes to the rabbis.

    Just in case you were sitting there, wondering why it is that no other Wall Street firm ever thought to get together and loot another for leaving themselves open like this – that’s why. Because Wall Street, like most other industries, is literally governed by rabbinical law.

    Yes, they do compete – but they compete to see who is best at screwing over the goyim.
    They invented this idea of allowing private people to do trades because they just thought they’d suck up everyone’s money, like any other online casino – then, the goyim pushed back.

    The rabbis, obviously, do not have the ability to call randos from the internet to one of their councils, so they have to use other things Jews control – such as the media and the government – to shut this down.

    But they sure are having a confusing time explaining to the goyim why it needs to be shut down. They’ve pretty much just resorted to calling them Nazis.

    Basically, the Jews are claiming that they’ve already gotten out of GameStop, and they’re done. But there is no evidence that is true. Andrew Left says he took a “100% loss,” which isn’t even possible, given the math here.
    "
     

    Replies: @acementhead, @Skeptikal

    “They invented this idea of allowing private people to do trades because they just thought they’d suck up everyone’s money, ”

    Well, they also sucked up their data, to use to create algorithms and who knows what else.

    It is a form of cannibalism. These companies are not *offering* anything; they are *stealing* the personal data of anyone who uses their app for whatever the eff it is.

    FaceBook, Robinhood—cannibals.

    I don’t see what the point is of Robinhood. Why don’t people use online discount brokers such as Ameritrade and others?

    I wonder whether Ameritrade is data mining . . .

    • Replies: @Schuetze
    @Skeptikal

    Likely a large part of Robinhoods appeal to idiot millenials is "the app". Shiny bling conquers shallow narcistic stooges every time. Tic Toc anyone?

    TD Ameritrade (it now belongs to Toronto Dominion Bank IIRC), Schwab and Etrade were all forced to offer "free" trading because of Robinhood's model. This kind of (((predatory))) capitalism has happened in waves over the last few decades. In the cases of Google, Twitter, Facebook, Amazon and Youtube we must recognize that the usual kazarian gangsters used their jewish power and control of the government to offer bandwidth and infrastructure for free, legal protections and regulatory capture, and of course free promotion through the cabal owned media and Hollywood. The competition had no hope of being able to meet the massive multi-spectrum subsidy. The game was rigged by the (((usual suspects))). The discount brokers were forced to capitulate and likely will disappear in the next decade.

    In the case of Facebook they were able to demolish myspace for no understandable reason. Google was able to demolish altavista and others in the same fashion. Ditto youtube and Amazon. It wasn't due to better talent or better product, it was just kazarian gangsters looting and pillaging.

    It is this collusion from within the chosenite tribe that works against the goyim in all facets of our civilization. Universities, banks, justice departments, legal bars, medical profession, "science" are all first cracked using charges of racism and the culture of critique, and once the jewish trojan horse has arrived the flood gates are opened. As each region of our civilization falls to the kazarians, the situation becomes even more hopeless.

    Of course the shabbez goyim will start blathering about "good jews" while ignoring their blatant and crass in-group preferences because the jews that own them lie so well. Jews themselves will kvetch and fling holocaust spittle at goyim so impudent as to mention what is happening right underneath everyone's noses.

    Replies: @Skeptikal

  • @Fozzy Bear
    The lie at the center of this article is the word “borrowed”. The short-sellers did not “borrow” stock, they sold the fraud that they had borrowed stock to sell, when they did not. They did not have 140% of GME stock that they pretended to have borrowed, which is why the short was able to be squeezed. The shorts pretended to corner the market, but they were entirely naked.

    Replies: @Carlton Meyer, @JonT, @El Dato, @Realist, @cdelz, @Wallworths, @Irish Savant, @paranoid goy, @TKK, @Astuteobservor II

    this is 100% correct.

    it is naked shorts.

    it is fucking up the hedge funds.

    they all fucking deserved it.

    and this is another proof that news is fucking fake and owned by the corps.

    i was too afraid to dip my toe in this mess. still am. but it is the greatest entertainment since 2019.

  • @Sirius
    @Carlton Meyer

    I don't really see why it is allowed, other than perhaps it's difficult to regulate. The way I understand it is that legitimate companies (not hedge fund gamblers) that are victims of shorting can be run out of business this way.

    Replies: @Realist, @ia, @acementhead, @Skeptikal

    Absolutely. It’s an old trick, dating back to the robber barons. Especially John D. Rockefeller.
    They played Wall Street like a violin to drive competition out of business, drive up their own share prices, corner markets, start runs on stock for their advantage and competitors’ disadvantage—or, make that ruin.

    You learn about all of this in the very readable “The Robber Barons” by Matthew Josephson.

  • more to come! Love it! Youngsters vs. pedo Banksters! Deplorables 1 ; Elites and Bankers/Pedos 0

  • Pedo Banksters must be destroyed!

  • more to come! Love it! Youngsters vs. pedo Banksters!

  • False flag.

    Chinese money coming in through reddit.

    https://www.pscp.tv/w/1yNGaWnBZvrxj

  • Many people name the Fed, Wall Street, Citadel, RobinHood, and etc, but few are openly naming the Jew.

    This is really Jewish Power circling the wagons. Jews in Wall Street, Jews in D.C., and Jews in Big Media all working together to keep their game going.

    Ben Shapiro says Wall Street is not like a casino, and he’s right. A casino is more fair. Whether billionaire or regular Joe, everyone plays with the same odds at the crap or roulette table.

    But in Wall Street, it’s rigged to favor the big players over the little guys. It’s worse than a casino.

    Anyway, if people would name the Jew, they’d be better able to connect the dots as to why such and such company and such and such institution are working together to stick it to the little guy. Who controls Wall Street, Big Tech, Big Media, and Big Government? Jews.

    Just like Stratton Oakmont wasn’t some blue blood company but a Jewish scam operation, all these brands and labels just obfuscate the obvious truth: Jews got it all and wanna keep it all.

    And as long as people don’t call out on Jewish Corruption, they won’t get to the heart of the problem.

    Money Corruption stems from Moral Corruption of the Jews. But as long as we can’t call out on JEWISH moral corruption, Jews get to keep rigging things so that they take all the money.

    Name the Jewish Factor in the moral corruption, and the world of money will be much cleaner.

  • thanks for the explanation.only a matter of time before this financial warfare would fire up.I believe that this all has its origins in the September 2019 Bank rescue by the fed.

  • @Frank frank
    @anon

    A thread I think needs to be pulled hard is whether the WH actually did call brokers to stop selling. THAT is the bomb that could bring down the Biden regime by shattering the Democrat communist element.

    Replies: @Irish Savant, @Sick of Orcs

    Are you referring to that “I work for robinhood but not in finance” email where the anonymous whistleblower said the WH interfered?

    Definitely worth investigating.

  • “And they told us Jews were the smartest people in the world”

    My plumber and my electrician are the smartest people in the world.

  • Not only that, but there are planetary bodies in which hydrocarbons are naturally occurring (without fossils).

    Don’t even have to be a planet, a moon can do.

    “Titan hosts within its polar lakes “hundreds of times more natural gas and other liquid hydrocarbons than all the known oil and natural gas reserves on Earth.” ”

    https://en.wikipedia.org/wiki/Lakes_of_Titan

    Wikipedia isn’t always wrong.

  • It would seem Robin Hood isn’t all that into stealing from the rich and giving to the poor after all.

    He’s got an improved model.

    ‘Restrictions on Robinhood traders got tighter throughout the day on Friday, only allowing clients to buy a single share of GameStop.

    The stock trading app also expanded its list of restricted stocks from 13 earlier in the day to 50.’

    The whip is definitely coming down, ain’t it?

    • Replies: @Marckus
    @Colin Wright

    When one gets into a rumble with a biker gang discretion is the better part of valour. Stick around too long bragging and boasting is dangerous. It is best to steal that one bike or bag of weed and disappear.

    The kids playing with the Wall Street devils are in the arena with fellows who appear normal, polite and affable but are even more ruthless, well connected and vengeful than any criminal.

    In the coming weeks RobinHood will feel the weight of the Devils of Wall Street and the "revolutionaries" still holding stocks like Gamestop are going to have their skins flayed off their backs. Intelligent players should take their profits and invest a small part (they can afford to lose) in put options and then wait for the price to crash.

    A guy who just lost $1B is going to call in all his favours and crucify the upstarts. Fifteen guys who are down billions will definitely have a very toxic response to their opponents. Robin Hood may find that the modern Sheriffs of Nottingham are indeed serious players. I am not condoning Wall Street and their shenanigans but it pays to be cautious when entering a dangerous area.

    Right now there are a lot of fresh faced kids smoking big cigars, toasting with champagne and impressing their friends with their investing acumen.

    Turkeys who gobble, display their feathers and raise their heads are the first ones on the barbecue spit.

  • @Charles
    @JoeFour

    I appreciate that you took the time to post this.

    Replies: @JoeFour

    You’re welcome!

  • @Charles Carroll
    This should be a huge deal. It should be a great revelation. This is how to occupy Wall Street. More effort should be exerted in the future to do this and make it a trend. It should be our duty to organize and fight these bastards who are really our enemy. Seek out clubs that plan to do this again. I would gladly gamble $1,000 to get back at them and keep doing it. They hollowed out our manufacturing base and made China a great power. They manufacture financial crises so that the Fed can bail them out with trillions.

    They are at war with us. The middle class lost trillions from this last manufactured crisis with the COVID shutdown. The billionaires made the same amount as the middle class lost. They are waging total spectrum dominance against us with financial warfare, bio-warfare, pharma-warfare, 80,000 Americans now OD every year, tech-warfare which knows everything about us and manipulates our minds, terrorism with 911 and its occult symbolism, the twin towers represent the gates to hell, and now they are going to wage a hot war against the American people the way they have been doing to the rest of the world now that they are going to fight "domestic terrorism."  

    We need to keep thinking of ways to defeat them.

    Replies: @Sollipsist

    $1k into GameStop in October would have given you $57,920 this week. That’s a nice incentive for someone who wants to strike a tangible blow against ‘the system.’ Looks like it’s time to shift the focus from “raising awareness” and “political action” and concentrate on hitting them where it really hurts.

  • We just know Biden and the Government will put an end to this quickly, as Robinhood finally did.

    The Stock Market is only for the RICH to make money, and this will quickly be corrected and “regulated” (unlike what the REAL PLAYERS do.

  • @mark green
    @The Alarmist


    It will be interesting to see where they think people are going to get all the electricity … heck, California can’t even keep its lights and A/C going in a normal summer.
     
    This is an important point. It is central to the glossed-over, million-dollar question concerning the financial and environment cost/benefit analysis of switching to all-electric vehicles. Curiously, the alleged 'need' for all-electric cars has been conflated with a phantom crisis involving the imminent (but unproven) 'catastrophe' called 'climate change'.

    As it turns out, building all-electric, 'zero emissions' cars has huge environmental costs. Why isn't this fact front and center in the (non-existent) debate over electric vs gas-powered vehicles?

    Electric cars (and their batteries) require numerous rare metals. Acquiring these metals necessitates enormous amounts of mining. This causes immense environmental damage.

    What's worse, the most efficient machines for extracting these metals require massive amounts of oil and gas. This exacerbates the 'greenhouse effect'. This entire process eats up and destroys land as well as animal habitat.

    Plus there's the matter of efficiency and price. Oil is still abundant and relatively cheap. Oil is also very versatile since it can be transported easily, unlike electricity.

    And what about consumers' pocketbooks? How much will the price electricity rise when tens of millions of cars in the US aloe require daily charging? Any predictions?

    An eye-opening documentary on this subject can be seen for free below. It's called 'Planet of the Humans'. I recommend it highly:

    https://www.bitchute.com/video/KQnVEMOOYuJd/

    Replies: @The Alarmist, @anarchyst

    Far from being “fossil fuel”, hydrocarbons are not only plentiful but are being renewed by yet-unknown processes deep within the earth.
    The term “fossil fuel” was coined in the 1950s when little was known about the processes by which oil is produced. Oil is “abiotic” in nature, as even depleted oil wells are “filling back up” from deep below the earth’s surface.
    Oil interests are drilling wells at 5,000 feet, 10,000 feet, and 15,000 feet and deeper, and coming up with oil deposits way below the layers and levels where “fossils” were known to exist.
    As Russia gained much expertise in deep-well drilling and coming up with oil deposits far deeper than that of the level of “fossils”, abiotic oil at extreme depths was actually a Russian ‘state secret” for a long time.
    Not only that, but there are planetary bodies in which hydrocarbons are naturally occurring (without fossils).
    “Peak oil” and “fossil fuels” are discredited concepts that environmentalists and others are latching on to, in order to display their hatred of oil being a truly renewable resource as well as to push prices up.
    Follow the money.

    • Thanks: FLgeezer
  • @mark green
    @The Alarmist


    It will be interesting to see where they think people are going to get all the electricity … heck, California can’t even keep its lights and A/C going in a normal summer.
     
    This is an important point. It is central to the glossed-over, million-dollar question concerning the financial and environment cost/benefit analysis of switching to all-electric vehicles. Curiously, the alleged 'need' for all-electric cars has been conflated with a phantom crisis involving the imminent (but unproven) 'catastrophe' called 'climate change'.

    As it turns out, building all-electric, 'zero emissions' cars has huge environmental costs. Why isn't this fact front and center in the (non-existent) debate over electric vs gas-powered vehicles?

    Electric cars (and their batteries) require numerous rare metals. Acquiring these metals necessitates enormous amounts of mining. This causes immense environmental damage.

    What's worse, the most efficient machines for extracting these metals require massive amounts of oil and gas. This exacerbates the 'greenhouse effect'. This entire process eats up and destroys land as well as animal habitat.

    Plus there's the matter of efficiency and price. Oil is still abundant and relatively cheap. Oil is also very versatile since it can be transported easily, unlike electricity.

    And what about consumers' pocketbooks? How much will the price electricity rise when tens of millions of cars in the US aloe require daily charging? Any predictions?

    An eye-opening documentary on this subject can be seen for free below. It's called 'Planet of the Humans'. I recommend it highly:

    https://www.bitchute.com/video/KQnVEMOOYuJd/

    Replies: @The Alarmist, @anarchyst

    And then there is the environmental impact of disposing of EVs once they’ve reached their end of life, not to mention tyres.

    Joule for Joule, a diesel vehicle is more environmentally friendly than a comparable EV over the entire lifecycle of the two.