Last night Tucker Carlson and Dave Portnoy discussed the merge between Wall Street and Big Tech to protect the hedgefunds from ‘We The People’. Good outline:
It started with a bunch of smart ordinary Wall Street market watchers assembling on Reddit and noticing that hedgefunds were making millions destroying the stock value of GameStop (GME) -and others- by short selling the stock and trading the position.
[Short Lesson to Understand Short-Selling Here]
The hedgefunds were so greedy the short-sellers borrowed more than 140% of the total number of shares of stock of GME (GameStop) in order to destroy it. The stock value dropped from $20 to $4 as the sharks made millions in the short-sells. That’s when the Reddit investment community,Wall Street Bets, noticed an opportunity.
One of the issues with short-selling is that short-sellers must always eventually purchase the stocks they borrowed. That means if the stock value increases you are committed to buying it, you will lose money, and you cannot get away from the loss in your short-sell position so long as the stock value is high.
Knowing the borrowed shares were more than the total number of outstanding shares of the entire GME stock, the rebellious alliance knew the short-sellers (hedgefunds) would have to eventually buy them. So the independent group, mass numbers of individual investors, started purchasing shares and driving up the GameStop stock value.
The GME stock skyrocketed and the short-sellers (hedgefunds on Wall Street) were freaking out. The higher the stock went, the more it was going to cost the hedgefunds to get out of their short position. Billions were being wiped out as the pesky rebel alliance kept purchasing shares and driving up the value. [Go Deep] That’s when the biggest eye-opening series of events in financial history took place….
♦ First Big Tech jumped-in to protect the hedgefunds. The servers that handled Reddit’s investor discussion “WallStreetBets” were shut down, essentially trying to break down the communication of the rebel alliance. They used the oft-familiar “hate speech” justification, but that was really a ruse… Big Tech was supporting Wall Street.
♦ Then the New York Stock exchange stepped-in to protect the hedgefunds by blocking trades of GameStop and other Reddit targeted stocks (Nokia, Blackberry, AMC theaters). Ameritrade also blocked any trades. The NYSE was essentially trying to protect the institutional investors, billionaires, from the citizens, independent investors. Wall Street went to war against day-traders, ordinary Americans.
♦ Then the stock trading App “Robinhood” which was used by the citizens to make their trades, actually stepped-in to stop users from purchasing GameStop shares. The Robinhood app will now only allow sales of GME and the other stocks because the app is protecting the billionaire class from their short position.
Wall Street, the New York Stock Exchange, the entire financial trading system is trying to protect the short-sellers by driving down the shares of stocks so that the short-sellers can get out of their positions. Never has there been such blatant market manipulation by the organized efforts of the elite financial class.
Big Tech and Wall Street are working together to keep a rigged system tilted in their favor and their aligned efforts are spotlighting just how rigged that system is.
The elites don’t care what happens to the ordinary citizens in the stock market… they are protecting their own status. All of this is brutally illegal market manipulation and collusion by the financial sector. [Story Here and Story Here]
Keep watching….
Masks are dropping at an alarming rate as more people are witnessing in real time just how this market is rigged against the interests of ordinary Americans.
I heard from a responsible source in the media that Robin Hood is being courted by Amazon, so no one should be surprised at the perfidy of the allegedly noble enterprise, or of how BigTech is in bed with Wall Street. Mark “Mother Zucker” Zuckerberg et al. are not on the wealth leader board because of the little guy on Main Street. Their wealth is tied to the Street, and they know how to play the game because they’re probably heavy into hedge funds themselves.
This is probably one of the best ways we can do a guerilla war against the libtards–that is until Goldman Sachs figures out how to make it a vehicle that they can profit from.
I doubt this is remotely close to the truth. The depth of the problem could be very extensive and require Fed intervention. Bezoa might think he is a bug deal, but there is no way his advisors support Amazon get ibvolved.
Your media connection should be smarter.
Fed intervention? Lol… Thank goodness! The Feds are stepping in to right the wrongs! Oh wait a minute…
Yep, where have I heard that game before???
My millennial son just pulled the plug on Robinhood. I’ve warned him for months that they’re backed by Citadel and sell pretrade info to them. GME was the last straw. He made some money, but not as much as he should have due the the illegal restrictions they put in place.
I personally prefer cryptocurrencies, and no not bitcoin. I like the Defis and have been doing very good with that.
Billionaire hedge fund managers and all the Wall Street connected elite fly around in 30-million-dollar bizjets and buy 40-million-dollar homes. All this by shorting company stocks and essentially bankrupting them.
Does anyone think those people stop to think even for a second about the fate of the 8,700 GameStop employees that lose their jobs as a result of their greed? And what about the employees’ families, their children?
Hedge funds managers don’t give a rat’s ass about the little people. And neither do the people that invest in and protect those funds. That’s a capital (no pun) sin in my book.
Jail is too good for them. Take their wealth away and make them work and support their families with $11.00 an hour jobs for the rest of their lives……
There was a lot lost when Blockbuster went down. It had nothing to do with the stock price and neither does Game Stiop.
This is about Citadel, not Game Stop.
no, it isn’t about game stop, but game stop exposed citadel. These rich people all of a sudden getting mad because some “rubes” beat them at their own game, legally. It’s ok to screw the little people, they should have read the fine print about investing and market risks. Its at the end of every investment commercial on TV and radio.
They don’t complain this loud when you or i lose money.
It makes me laugh when the rubes, in the process of the grabbing hedge fund people by the short hairs, they also managed to grab a handful of more sensitive parts.
Keep squeezing. Let’s see how high this goes by who steps in to protect the rich or we the people
By now every citizen should realize that the USG does not give a rat’s ass about them.
IMO, Another reason why the Patriot Party is a very good idea.
The People’s Party
Exactly….here’s your $600 bucks fella, feel better.
Nanzy and Ovomit gave us $ 25.00 not so long ago.
And now that Biden is in office, do you think we will ever see the $1400 more that Pelosi claimed would be given out. Me neither… “Unity” had a short, short life span, that probably ended at the first chance they saw, on Jan. 6th with the no-doubt successful demonization of the “political Right/far Right” in the media.
May 2020 Pelosi’s said food stamps stimulate the economy.
https://www.cnsnews.com/article/washington/cnsnewscom-staff/nancy-pelosi-food-stampsstimulate-economy
That’s what she thinks of ordinary citizens.
Yeah, but can we use them on $25.00/pint ice cream?
Oh, I don’t know about, “Unity” having a short, short life span. The Republicrats (h/t Dave Janda) are all in this together, against the Deplorables. They’re sticking together playing good cop/bad cop. They don’t give a rat’s ass about anyone other than themselves, at least 99.99% of them!
You are talking about Mitt Romney. He loved destroying businesses with his Hedge Fund.
Have you ever seen a guy take the tiny little steps he takes when he walks? Looks weird.
Perhaps the reason is that stick covered with envy and venom he has up his ????
LOL
Wonder why? Hmmmm! Inquiring minds want to know. My adult daughter has had Crohn’s for 20 years, and even SHE doesn’t take tiny steps unless she’s having issues at the time!!!
Maybe his “temple garments” are binding him. Not a joke.
https://ldsbookstore.com/garments
Let them learn how to code! Or make solar panels!!
Do we know which of the big tech oligarchs might have interests in any of these hedge funds?
Do we know whether any of GameStop’s competitors (such as Bezos’ Amazon) might have interests in driving them out of business?
The short answer is All of Them. Whether the influence is applied directly or indirectly, that is the real question. People that have that kind of wealth all have asset managers that make sure that their assets are protected by using hedge funds.
That’s exactly what I was going to reply – all of them.
The same people telling you the hedge funds aren’t manipulating the system are telling you there was no vote fraud in the last presidential election.
BINGO!!! Winner, winner chicken dinner!!!
Good to see someone else in MD. Am in Bowie!
There will be stock offerings coming from these price rich but performance poor companies. The shorts will buy those shares directly from the companies they are short, probably at a discount to the then current market price.
And then it will be over for those squeezing.
The underwriters are busy right now. All they need is the latest results to slor into the documents.. February is gonna be a busy month.
Here’s the bottom line for those who have seen the light…she is undoubtedly one of MANY!!!
This is what’s scary. It’s just like the election: why would anyone ever trust the vote again?
Why would they trust the financial system? Why should they?
They called a time out and stopped any more trading because they were losing…….Gee, where have I heard that before?
Georgia, Michigan, Pennsylvania, Wisconsin…..
and besides…..you might say you could not ‘buy’ space on their platforms if your ‘speech’ undermined their ‘stock’…..
Changing the rules, either in the middle of an election game or a financial game is the mechanism for a system that is rigged….a GameStopper!
“This election will determine whether we’re a free nation or whether we have only the illusion of democracy, but are in fact controlled by a small handful of global special interests rigging the system, and our system is rigged. This is reality. You know it. They know it. I know it, and pretty much the whole world knows it.” Donald J Trump
In the aftermath of the 2020 election, Washington is an armed camp, the guiltiest pols are the ones most paranoid with fear….they need to shut us down…..they know the government at its most powerful aegis is illegitimate…..and for the first time…they know most of us know it…..and they know we are pissed off…
“…Georgia, Michigan, Pennsylvania, Wisconsin…”
Virginia should be in there. I know from the Gateway Pundit revelation of the “Drop and Roll” — stopping the vote count in the middle of the night, followed by a massive fraudulent vote drop for Biden, to overtake Trump, followed by a rolling bias in the later vote count to keep Biden in the lead — happened in Georgia, Pennsylvania, Michigan and Virginia. Yet I keep seeing “Wisconsin” instead of “Virginia” in comments like yours…
https://www.thegatewaypundit.com/2020/11/cheaters-president-trump-warns-4am-ballot-drops-hour-later-wisconsin-michigan-drop-300000-ballots-democrats-zero-trump/
But Yes….Virginia is the forgotten one. It should be up there….turned blue?? over the last two decades…Fairfax, Loudoun and Prince William counties…the DC suburbs…. are always the last to tabulate….always the last counties to turn the margin of defeat into the margin of victory…always where the steal is done.
Georgia is the new Virginia
And everyday, more and more is coming out about how we, the little people are getting screwed everyday. Just remember, they can hide behind that fence and barbed wire in DC for only so long. Eventually they have to go home.
I had a dream last night that Maricopa County in Arizona was called for Trump after doing an audit of the votes and then Georgia was called for Trump. Very weird.
The wicked flee though no man pursueth: but the righteous are bold as a lion. Proverbs 28:1.
That pretty much sums it all up!
This does not happen without the explicit cooperation of Government House.
And yet, many still believe the election was not rigged, the news is honest, climate change is real, and covid is serious.
Unbelievable, isn’t it? “Entrenched belief is never altered by the FACTS”
Is the Big Ugly really the Big Lie?
You have a voice LIE
Your vote counts. LIE
You are represented in Congress LIE
And Justice for all
LIE
Lookie here… Former fed chairman Ben Bernake is a senior advisor at Citadel. Revolving door policy between the oligarchy and financial institutions.
https://www.citadel.com/leadership/dr-ben-s-bernanke/
Incest is rampant at the top. Always has been….
Bernanke triggered the 2008 recession by jacking up interest rates too fast. The Greenspan bubble was burst by Bernanke. If he had kept his powder dry, we would never have had the 2008 meltdown.
Thats kind like saying if Ibrahim hadn’t decided to light up a cigarette that fertilizer warehouse in Beirut wouldn’t have blown up. What happened in 2008 was inevitable at some point because the government disrupted the pricing mechanism of a huge chunk of our economy.
And Congress helped cause the bubble by coercing lenders into giving liar loans, that were later defaulted on and turned into junk bonds.
The next futures war is coming. It will happen in the oil markets. That one is a no-brainer after Xiden’s initiatives.
Go to the link below to look at the CPI numbers for 2020. I can’t put that chart up on here because it’s not linked.
A couple of things stand out. The cost of food went up by a whopping 4%. But that jump was more than erased by the 7% drop in the cost of energy.
And who was responsible for that drop in the cost of energy? Donald J Trump.
Guess what’s going to happen in 2021 when both food and energy go up in price because of Xiden’s pipeline closing and drilling moratorium? Food will go up even higher because of increased transportation costs…..
Hold on to your skivvies!!!
Consumer Price Index:
https://www.bls.gov/cpi/
Get ready to lose 40 lbs body weight like Venezuelans did.
Remember how we pointed out how the “leaders” in the USSR rode in big cars and relaxed in their dachas while the comrades in the fields and factories stood in lines for hours for their meager rations. That is the usual communism, which is really fascism run by a small oligarchy of government goons and their buddies. Hey, we’re almost there!!
People are in the market because interest producing vehicles are nonyielding – at zero or below.
The powers that be effectively shut down no-risk investment. Why? So the little people would have to invest in risk-carrying investments so then they can take your money.
Masks are dropping at an alarming rate as more people are witnessing in real time just how this market is rigged against the interests of ordinary Americans.
This is the very definition of an apocalypse. A “lifting of the veil”. Truth being revealed.
It is a good thing. We are seeing it in many forms (political, financial, media, etc.)
Only for we who have our minds and eyes open to see it. Is it even being reported truthfully in the mainstream media?
Need you ask that question?
No. Mainstream media? What mainstream media? Certainly not an honest one!
You are right. Everyday more and more is being exposed and Trump just sits back in Florida and watches and waiting for the right time to spring forward, I hope. This is a great opportunity for Trump to reach out to the millenials who detest these types of activities.
I do believe that’s his plan. Who knows? Maybe the mil is just waiting for the situation to get so bad that they’ll have the political cover to do what they know needs to be done. Plus, I’m sure they’re taking China into account, including the fact that the heads of the generals, etc., would be on the chopping blocks if the worst happened.
What’s that Chinese curse? “May you live in exciting times!” Oy vey!
Greed exists everywhere. That’s what makes globalism so dangerous, the greedy sociopaths can control everything everywhere.
Greed: One of the Seven DEADLY Sins according to the Catholic Church. Now I better understand why Satan wanted to take the Church down. She’s been silent, for the most part, since Vatican 2, and look at all the destruction—in the Church (for sure!!!) and in society at large!!!!
This truly is a spiritual battle!!! We MUST continue to pray and fast without ceasing!!!
Great stuff. “They don’t mind insider trading, they hate outsider training.”
BINGO!!!
Making money is great.
Betting against America is wrong.
Math is simple.
I watch Tucker every night and he is always spot on. Portnoy was also on promoting the Barstool Fund which is awesome. he is helping small business stay afloat until things get back to normal. it is pretty amazing what he is doing.
https://www.barstoolsports.com/the-barstool-fund
tucker lost me when, the day after the election, he was toeing the faux party line: show me proof of vote fraud.
it’s as if, you come home, your wife is gone, there’s blood all over the walls and floor, and someone is asking for evidence of foul play in the form of your wife’s body – but she’s nowhere to be found.
that was the day I stopped watching tucker and faux and most news.
I was/am po’ed at Tucker being a sell-out. However, I like the topics he presents and the guests he has on. So he and Levin are the only 2 Fox News programs I watch.
Same here. At this point, we have to find the truth wherever we can. Tucker can get off track, but he’s been raining some fire lately.
To be fair TDAmeritrade puts restriction on GME and other on cash only, non marginable. You can buy/sell, call/put option as you want but you have to have cash to do it. The problem with cash account when you sell GME or others restricted stocks, the money proceeds from the sell won’t be available until settlement 3 days later. Practically you can’t do daytrading anymore. That is how they stop the system to rig.
The American corruptions from politics, elections, finance….. are exposed for everyone to see.
How is that “fair”, when their restrictions are “focused” as in this situation? Serious question.
It is “FAIR” because when your account on margin, the broker will loan you the money to buy the security (also hold the security as collateral). Most brokers will loan you from 30%-60% of the purchase. So the bank incurs the risk if the security price drop so much that they will take the loss if you can’t pay for the loss. For these stocks that can go up and down 100% in minutes, it is prudent for the brokers to say no, I am not loan you the money to buy it. You will need to use your own money to buy it which is the cash account.
Peter Strzok’s wife, Melissa Hodgman , named Acting Director of the Division of Enforcement for the SEC.
Yes, really.
https://www.marketwatch.com/press-release/melissa-hodgman-named-acting-director-of-division-of-enforcement-2021-01-22
She’s been with SEC for a while, I believe.
it shows
Yeah, I saw that! Pffft!! SPIT!!! (on the entire, world-side system!!)
No different than Wall Street and the globalist elites destoying Main St employment and moving to China. Yes, the mask is off. Never forget. Never trust. Never believe. They hate you.
Maybe all Trump supporters should join #WallStreetBets group. With 80M members you can steam rolled any company, hedge fund out there except the FED. We could hop from one stock to the next and put the scare living daylight out of these @sshole billionaires. I am game
Need to add the loss was compounded as Wall Street and Hedge Fund benefactors had to also bleed more money to keep the portfolios of the faux “Blind Trusts” of their favorite Politicians from loosing money. Especially to pay for new “defensive” legislation and a blind-eye by SEC/FTC.
“losing”… lol
The only “loosing” of money by Politicians is YOUR money, not theirs.
The Democratization / Demonization of Speculation
29 Jan 2021
https://charleshughsmith.blogspot.com/2021/01/the-democratization-demonization-of.html
Intro:
How do you unrig a speculative rigged market? You don’t. It simply crashes into a putrid sinkhole.
Gamed speculation–using knowledge of how markets can be pushed to profit those doing the pushing–has long been decried. Declaring that the unproductive profiteering of greedy speculators will be the death of the Republic goes back to Rome, and in American history, to Alexander Hamilton’s battle in 1791 to pay the speculators who had bought up the new nation’s war bonds for pennies on the dollar full value plus interest.
Gamed speculation–and the cheery presumption that there will always be a liquid market of chumps willing to buy insiders’ pumped-up balloons–inflate and pop bubbles, with devastating consequences not just for the broken speculators but for conventional investors who naively believed “the market” was in fact a market (smirk) rather than a mechanism to enrich those who have the capital and knowledge to engineer profiteering behind the curtain. (Please see the still from The Wizard of Oz below.)
———-
And we can hope the eventually inevitable happens on Beijing Xiden’s watch:
Why Grantham Says the Next Crash Will Rival 1929, 2000
22 Jan 2021
Watching GameStop’s stock price is like watching a titanic struggle between the forces of good and the forces of evil. Shakespeare’s Henry V speech to his day traders, I mean troops, was made for this moment: https://abardseyeview.com/we-few-we-happy-few-we-band-of-brothers-henry-v-and-the-gamestop-squeeze/
Indeed those excerpts from Henry V come alive with new meaning in context of the Reddit uprising.
There is another quiet revolution happening as we speak, about to cause major upheaval in the world of English lit. So far, the media have greeted Dennis McCarthy and June Schleuter’s new book, Thomas North’s 1555 Travel Journal: From Italy to Shakespeare (published January 15, 2021) with a deafening silence. The authors argue that Thomas North was the original author of Henry VIII and The Winters Tale, plays that Shakespeare adapted decades later for the public theater – and, it will come out, the original author of all the plays of the Shakespeare canon.
(According to McCarthy, Henry V draws on North’s experience in the war in Ireland.)
But they will not be able to ignore Michael Blanding’s new book, North by Shakespeare, the general release date of which is March 30.
Previously, it has been widely accepted that Shakespeare used older source-plays, and – or so it has until now been believed – fashioned them into the great works we know today. It has also long been known that the playwright relied heavily on North’s translation of Plutarch’s Lives to write the Roman plays.
In the video linked in the following tweet, McCarthy gives a glimpse of the mass of evidence he can now produce in support of his claim:
Currently on his website he is highlighting additional borrowings every day between now and March 30.
Many many thanks for the information.
Following your lead,… as the Birnham Wood (Reddit Retail Day traders cloaked as WallStreetBets) close in on “Macbeth’s castle, Dunsinane (Hedge Fund Mgrs’ Wall Street),… the Elite Crooks now resemble “Richard III” crying on their Stock Market battlefield for “A Horse,…. My Kingdom for a Horse”, ( their fellow Elites in The Swamp, Wall Street, NYSE, Big Tech, etc., to apply the rigged Fix to allow a halt to GME/short targets buying,… to drive down the price to allow their Shorts escape and save their $ Billions from further exposure or loss.)
It also reminds of Fitzgerald’s “The Great Gatsby” wherein it claims,…. “Their wealth is important to many people below them as it can give tremendous opportunities, which can equal monetary gain for the people. But, the established wealthy many time use their wealth and statues against people, as a way to not allow characters to advance in their social and economic position.”
After the results of their immoral, illegal and evil deeds occur to those below them,… these people (Tom and Daisy Buchannan), employ their wealth to escape the situations and consequences of their corrupt behavior.
WallStreetBets has done more this week to expose this truth than about 90 years of F. Scott Fitzgerald’s work has produced for the masses.
It seems to me, they have no choice now. They have to change the rules/law permanently. The jig is up so to speak. This scheme is now exposed, they are vulnerable on every short from now on. Can’t have that.
I guess they will immediately ERECT ( there goes that word again!) a fence around Wall Street NYSE , with Military presence for ever.
All you have to do is go on line and see which companies are in the top 10 in being shorted and bet against that. Unless they hide the shirt sells from the public, which I would imagine would be illegal, but they will figure out a way to protect themselves.
Hand meets cookie jar.
I didn’t get the gamestop rise, I did the Nokia and amc. same here, watched them tank it before my eyes. Seriously, so mad I’m having troubles interacting with anyone last few days NOT for the stock loss, I didn’t lose much ‘if’ It doesn’t rise, because I know the game. But because one more freaking way uncovered how they rob us all.
We have no law enforcement whatsoever from top to bottom and And this just highlights it.
Somebody tell the military; only they can enforce the law since the criminal Mob in the government won’t (preferring to stay in power illegally, including the high crime of treasons — more than one treason, the last being of course the stolen election by all and sundry)..
If the military was to be trusted, Trump would have used them. By the way, where the hell is General Flynn hiding these days. I thought he had all the dirt on Odumbo and was going to expose it. Is he hiding out in a bunker?
“If the military was to be trusted, …”
This is the inevitable consequence of the money-drenched treason of Conservative, Incorporated. The communists have successfully completed their Long March Through the Institutions without resistance from the eGOP and now own all of those at the country-level. The best we can hope for in the short term is to defend and solidify American institutional ownership at the local and state level in pro-American areas.
Class action lawsuit.
Already one against Robinhood, I believe.
Yep, let’s all hold our breath waiting for our brave men and women in blue at the SEC to step in and punish the evil-doers…. not.
Perhaps it would be more accurate to say ‘We have never witnessed’ instead of saying ‘Never has their been’
With the media companies protecting these people, most people don’t know what is going on.
I would love to know exactly how many are being tricked by MSM vs how many have had their eyes opened via the internet.
I reckon most hedge funds are fronts for the CIA. Its not like they can create crack epidemics in black neighborhoods anymore to arm their chosen armies.
they DO still have all those poppy fields in Afghanistan to work with
As of 1-20-21, EVERY institution in America is corrupt. Finance is no exception.
Wow, I did not know how active the CTH community is this aspect of the efforts to save America.
Sundance pointed out that it was the hedge funds’ greed that did them in. They “borrowed” more shares to short than existed.
I can think of a couple shiny Phyzz commodities that fit the description, too. Except it is the central banks which would be left holding the bag. (Trillions are truly at stake.)
A alliance between MAGA and Occupy Wall Street has to have entered their minds.
Watched Trading Places earlier this week – perfect timing!
My favorite quote: “It occurs to me that the best way you hurt rich people is by turning them into poor people.”
Here’s to the little guy!
I am laughing so hard my keyboard is getting wet! A couple of the most wealthy dudes in the entertainment industry playing like they are poor dudes taking it to the rich folkes!!
My apologies if someone else has brought up this tidbit either here or somewhere else. I got out of the market when Jon Corzine blew up MF Global and the exchange did not meet their obligation to step in and protect the commodity producers who were selling through Chicago. Since then, I have paid very little attention to the stock market as a whole.
I think journalists are missing an important point or two about how to bust the shorts.
When you go long in a heavily-shorted stock, do it in cash. IMO, if you hold any shares in any company that might be subjected to a short attack, your entire portfolio should be in cash.
Unless things have changed since pre-MFG, the margin agreement states that you agree that your lovingly held long shares that you have bought on margin can be lent out by the brokerage firm. You think you are holding tight, but your are not.
Of course, brokers can find a reason to increase your margin requirement on other stocks that you own. If you get a margin call and cannot immediately get enough cash to your broker to cover, your broker can reach into your portfolio and liquidate assets to cover that call. GME is up big-time, so GME probably gets sold.
If 140% of the float was short at one moment in time, that means either the entities that accepted the short orders have failures to locate shares to lend or there are a lot of counterfeit shares in circulation. The scenario probably is an and/or.
Seems to me that the whole hedge fund scam should have been made illegal by the FTC about the day it was first discovered. This should have been a no brainer to prevent stock price manipulation.
It must have been some big league politicians who bought into the schemes by using their knowledge of upcoming legislative actions and soon to be affected businesses. What a nice arrangement. The politician takes no risk and is rewarded for his complicit corruption. Same old, same old !
This is what Max Keiser has been saying for years and years. Of course, he is not hosted on US-owned television.
True or False:
Biden’s press secretary Jen Psaki’s brother is officer in Citadel, the hedge fund that owns Robinhood.
If True, isn’t it a small world!!!
Which platform DIDN’T shot down the GME trading?
As infuriating and frightening as everything is right now, there sure is a lot of sunlight pouring into the swamp.
I know nothing about arcane practice of buying and selling stocks for a living. I would however but bet a substantial amount of hard earned hard money that none of this funny bizz would be happening if it were not for the so-called “derivative financial instruments” that became “legal” during Bill Clinton’s admin in the 1990’s and the trillions of dollars of “quantitative easing” that became “legal” during the early 2000’s with Bush & Obama. Whatever is “legal” and whatever is Constitutionally Lawful are 2 (two) completely different things.
Just wait until a ray of sunlight lands on the DTCC.
The Depository Trust & Clearing Corporation. Good LORD! I’ve never heard of it in my life until today. Another bureaucracy staffed with thousands of well-organized union employees? How many more of such are in Washington, skimming billions from the public coffers? https://infogalactic.com/info/Depository_Trust_%26_Clearing_Corporation
The DTCC ia a corporation – based in the heart of NYC, not an agency of the federal guvmint. The DTCC may be the last bastion against money laundering. Ever hear of Blockchain? You can’t erase what you just did with your money. No matter if you are a corp or individual. A little birdie told me once that Tom Clancy included the DTCC in one of his novels. I can’t remember the name of tl. I loved Tucker’s program (getting to it late) tonight. Finally, a win from humans. That a person said, ” I did this for my Dad (whose livelihood and spirit was destroyed in the crash of 2008). That year was one of the most painful in my life with family and me in the driver’s seat on how to save what I could of my parent’s hard won savings and self directed investments that they would call in to a broker. Anyways, I cannot stop myself when a big story like this is allowed to come into the public eyes, what is happening that our attention is being diverted from? Could it be an Impeachment? Finally, I would really like to see AOC come onto the telly without all of her lipstick and false eyelashes. She is really a Kid, a pretty poor one at, and she is probably wearing Depends. Heck, I always thought I should have bought stock in the company that made them.
Debt of Honor is the novel in question.
About the only way to undo this mess is to do the cyber attack Clancy described–completely trash all records of trading and then pretend none of it ever happened.
I improved my initial comment:
I know nothing about arcane practice of buying and selling stocks for a living. But is it wrong to imagine that a great deal of this funny bizz would NOT be happening if it were not for the so-called derivative financial instruments that became “legal” during Bill Clinton’s admin and the trillions of quantitative easing dollars that were “legally” disbursed to the too big to fail corps during the early 2000’s with Bush & Obama. Whatever is “legal” and whatever is Constitutionally Lawful are 2 (two) completely different things.
Daves feathers are all ruffled but Dave also went to great lengths to explain he wasnt a fan of President Trump and his politics.
I like Dave but hes politically inconsistent and trying to pretend that the democrats are not behind this stock market corruption.
No Dave your democrats are pure as the driven snow and looking out for the little guy and Orange Man bad.
Here is an article on a filthy rich Game Stop hedge fund short seller
https://therealdeal.com/miami/2020/12/07/melvin-capital-founder-revealed-as-buyer-of-44m-miami-beach-property-sources/
As someone very heavily invested in the market I see the emerging situation as very dangerous. Two gigantic collapses in three sessions demonstrates that many investors are becoming very mistrustful of the system now that the rigging is out in clear sight. Of course, they’ve been doing it all along for years, but were always much more discreet about it.
More than ten years ago, my son was recruited by a Hedgefund located on Long Island following his graduation from MIT, which he declined after visiting with them. They ran algorithms in banks of super computers which deciphered market trends and could then make trades in mili-seconds well ahead of the rest of the market. These trades have nothing whatsoever to do with the actual fundamentals of the companies being traded but are only focused on playing the market for quick gains. Why this fraudulent rigging of the marketplace isn’t prohibited is beyond by comprehension.
Hence the value of colocated servers.
So the brokers allow selling, but not buying? There can be a sale without a buyer.
Wasn’t Peter Strozak’s wife appointed to head the SEC???
After a career in software, I ‘retired’ in 2008 and day traded the Russell 2000 futures market for 12 years for a good living. I quit this year as the robotic trading tactics became too difficult to deal with. One of the favorites: reverse a down move by making a higher swing high, followed immediately by a lower swing low then a higher high and another lower low before ripping up without any meaningful pullbacks. The point is to take out all the market structure-based levels where human traders place stop orders–> before running in the opposite direction (of course, the opposite tactics were used to reverse an up move). These moves were increasingly lightning fast–virtually guaranteed to induce fear, confusion, and emotional decisions in a human trader. And that doesn’t even count the difficulty of getting orders filled at decent prices due to high frequency traders skimming a few ticks off your order by buying at your price and then selling to you at a slightly higher price. Do that a few million times a day and you get to where Goldman Sachs was reporting entire quarters without a single losing trading day.
This game has been rigged for quite a while, but the transparency with which they manipulate the retail participant is now amazing. They just don’t have to hide it anymore because they have political power.
I know nothing about how the stock market REALLY works. So, I’m a little “fuzzy” on this whole “Short Selling” thing.
If it revolves around the “borrowing” of shares of a certain stock, HOW can you borrow more shares than actually exist?
And… past THAT… how can the “borrower” be expected (forced) into buying shares to “Pay Back” the lender who never had the shares to loan in the first place?
How would THAT play out?
Tom: “Hey Bill! Loan me 1000 shares of GME !”
Bill: ” Sorry Tom! I don’t HAVE 1000 shares of GME to loan you…”
—-three months late to
Bill: “Hey, Tom! Remember those 1000 shares of GME that I didn’t loan you!”
Tom: “Yeah, what about them?”
Bill: “I want them back!”
WTF?