This is undoubtedly a sticky-worthy happening. Overview:
Louis Rossmann: Why MSM's slander of /r/wallstreetbets pisses me off regarding GME
This is undoubtedly a sticky-worthy happening. Overview:
Louis Rossmann: Why MSM's slander of /r/wallstreetbets pisses me off regarding GME
Definitely, it's all happening too fast. Have you seen the reddit sub? It's brigaded by WSB and filled with posts calling for us to join them in action in the name of "Unity" (they all capitalize that) and talking about being one. They're also just SHOUTING THINGS TO GET THE PEOPLE RILED UP like what normies think we all sound like.
Yeah, a monitored, one world currency is on the way and they are either playing right into their hands or they're part of the plan. My guess is it'll be added into the covidpass.
Looks like the markets need a Great Reset™!
6hild6ack6etter
No, it was organic. I am a trader and I've seen this thing from the beginning. Shorts have been fucking with people for so long that finally they had enough.
I like the way you're analyzing this. we shouldn't buy the coordinated media narrative that WSB is responsible for this any more than the recent narratives of "no evidence of election fraud", "Trump incited an insurrection", anything related to COVID, etc
Us conspiracists, of all people, know how easily Reddit boards can be astroturfed. we should be skeptical.
Optimistic view: white-hat whales coordinated/threw in on this plan to blow up certain elite hedge funds, and used/are using r/wsb and /biz/ in their game
Pessimistic view: same but with black-hat whales and this is part of the great reset plan, step 1 in the full-on market crash (Coincidence that Davos/WEF 2021 is happening right now?)
(Aside: I will say that judging from his youtube videos, DeepFuckingValue appears to be a genuinely good guy.)
system's already rigged against retail in so many ways. insiders can arrange for conveniently timed outages of all trading apps/websites, and even ISP outages
So many people are reporting getting rich off of this already that this doesn't make sense to me. Why enrich millions of the little guys before shutting it down? It doesn't make sense, but maybe I'm missing something.
makes sense if it this thing ends up tanking the value of the dollar and all that wealth evaporates overnight. Largest top-down transfer of wealth in modern human history....can't imagine how the powers that be could allow that (I do think this hedge fund got caught with it's pants down), unless it's a prelude to destroying the dollar and ushering in a digital currency system....but from my research they aren't quite ready to launch whatever their choice for that will be.
Who knows? Crazy times.
Are you asking me to pick a side between people who are trying to pay off their student loan debts and millionaires who gamble away other people's money?
Please watch the entirety of the Louis Rossmann video I linked.
ONE side did the manipulating, and the OTHER side (the people) are taking advantage of THEIR fuckery.
Comparing both sides like that is extremely disingenuous.
Both sides acted legally. Short selling is not some advanced tactic like the derivatives market that contributed to the 2008 crash.
It’s going to suck for the redditors buying GameStop at the high in all of this because the price is just going to correct to where it should be once this is all said and done.
Hedge funds suffered a huge loss, they knew the risk.
The problem is going to be the unintended consequences in all of this:
Is the SEC going to try to clamp down on the r/wallstreetbets of the internet?
Is there going to be a government bailout of these institutional investors who took these risks?
Is the damage is this going to be so big that this is the catalyst for a wider market crash, that has been in the works anyway?
Those 3 points are the issues I see with this whole thing.