'Murica! (157 Viewers)

[swag]

Word of the day is Frazzledrip

Good choice!

Boebert and Greene need to really get on that. Our kids can't keep going around with ripped-off faces. Especially on Zoom.

So apparently Hilgrimage is a real thing. Imagine being a "Hilary Clinton super fan"

https://cindywolfeboynton.com/2019/07/18/if-youre-a-hillary-hater-dont-bother-reading-this-post/

Is that anything like the Brocchimage I go to every year?

 

Buy on AliExpress.com

[Bjerknes]

Chamath is supposedly running for the governor of California. I hope he wins.

 

[Osman]

Thanks for the link. The whole Gamestop story has been fascinating to follow.

Amazing really, the blatant hypocrisy of wallstreet corrupt vultures and the medias they own, trying an active legal and bogus disinformation campaign against average joes in reddit.


Literally trying to censor them on government and corporate level (discord, reddit and other platforms). Why? Because they got organised and are beating the hedge fund scavengers on their own game. In the tune of 3bn so far.


This isn't about making money. This is outright class warfare. Not even trying to hide it.



If this keeps growing they will make a documentary/movie about it: https://www.theguardian.com/busines...ks-us-hedge-fund-pulls-out-after-heavy-losses

 

[Bjerknes]

Thanks for the link. The whole Gamestop story has been fascinating to follow.

Amazing really, the blatant hypocrisy of wallstreet corrupt vultures and the medias they own, trying an active legal and bogus disinformation campaign against average joes in reddit.


Literally trying to censor them on government and corporate level (discord, reddit and other platforms). Why? Because they got organised and are beating the hedge fund scavengers on their own game. In the tune of 3bn so far.


This isn't about making money. This is outright class warfare. Not even trying to hide it.

Well said. And people are noticing. What folks need to understand is it's not just hedge funds rigging the game against us. It's wall street banks, it's politicians, it's the Federal Reserve... all of them are part of the protected class. Nancy Pelosi gets to insider trade all day long, Citadel can short 200% of outstanding shares of a company's stock, yet we're the bad guys because we buy a few shares of a meme company like Nokia. Let's hope this is the start of a new awakening.

 

[Osman]

Agreed. Cant be more obvious. This is pure class warfare.




The push for regulation has started.







What they really wanna say: Ew you plebs. Stop trying to get rich off our rigged roulette table".

 

[X Æ A-12]

Well said. And people are noticing. What folks need to understand is it's not just hedge funds rigging the game against us. It's wall street banks, it's politicians, it's the Federal Reserve... all of them are part of the protected class. Nancy Pelosi gets to insider trade all day long, Citadel can short 200% of outstanding shares of a company's stock, yet we're the bad guys because we buy a few shares of a meme company like Nokia. Let's hope this is the start of a new awakening.

In before it gets bumped off the news cycle through inflaming racial tensions until they can ban it.

 

[Bjerknes]

Agreed. Cant be more obvious. This is pure class warfare.




The push for regulation has started.







What they really wanna say: Ew you plebs. Stop trying to get rich off our rigged roulette table".

It's not illegal for us to talk about stocks we want to buy and then buy them, so the only thing they can do is shut down platforms or stop people from talking about stawks on places like Twitter. Or, they will just lobby the government to levy new trade taxes or stupid restrictions on our brokers to make it impossible for us to trade, which I think many of them want to do anyway.

Where was all the complaining about big stock movements back in March when the hedge funds made billions shorting?


- - - Updated - - -

Yup, spot on.

 

[ALC]

The irony of them using an app called Robinhood to take ill gotten gains from the rich has to be one of the best things about this.

 

[Enron]

 

[AFL_ITALIA]

The irony of them using an app called Robinhood to take ill gotten gains from the rich has to be one of the best things about this.

It's a full-on movement now.

 

[swag]

Chamath is supposedly running for the governor of California. I hope he wins.

That will be tricky since California already has a governor until 2023.

Well said. And people are noticing. What folks need to understand is it's not just hedge funds rigging the game against us. It's wall street banks, it's politicians, it's the Federal Reserve... all of them are part of the protected class. Nancy Pelosi gets to insider trade all day long, Citadel can short 200% of outstanding shares of a company's stock, yet we're the bad guys because we buy a few shares of a meme company like Nokia. Let's hope this is the start of a new awakening.

Yes, hedge funds get the typical, Elon Musk hit job because they don’t like big money into shorts and trickier investments. But the whole financial system rests on complicit corruption. The whole system is predicated on 20x as much mythical money and leverage than what money actually gets exchanged.

The irony of them using an app called Robinhood to take ill gotten gains from the rich has to be one of the best things about this.

I still don’t buy this story that Robinhood is the only way this was made possible. Sure, online brokerage fees 20 years ago were $10, but these retail investors are in it with GameStop more than that - and they’re not flipping daily. So that’s b.s. And options trading and leverage was also available to online retail investors well over 20 years ago.

Oh, and Marjorie Taylor Greene is really just Hillary Clinton wearing her severed face and trolling the rest of Congress.

 

[ALC]

That will be tricky since California already has a governor until 2023.



Yes, hedge funds get the typical, Elon Musk hit job because they don’t like big money into shorts and trickier investments. But the whole financial system rests on complicit corruption. The whole system is predicated on 20x as much mythical money and leverage than what money actually gets exchanged.



I still don’t buy this story that Robinhood is the only way this was made possible. Sure, online brokerage fees 20 years ago were $10, but these retail investors are in it with GameStop more than that - and they’re not flipping daily. So that’s b.s. And options trading and leverage was also available to online retail investors well over 20 years ago.

Oh, and Marjorie Taylor Greene is really just Hillary Clinton wearing her severed face and trolling the rest of Congress.

it was robinhood tho. These aren’t people that already had stock in GameStop, they started buying once Citron tried shorting it

 

[swag]

it was robinhood tho. These aren’t people that already had stock in GameStop, they started buying once Citron tried shorting it

It was, but why? Are people so stupid that it took putting trading on a new native app to convince people ... when they could have done it with a TD Ameritrade on web and app for over a decade?

That’s the part I don’t get. Robinhood positions itself as some liberator for people unable to access the markets, but that’s complete horse crap.

 

[ALC]

It was, but why? Are people so stupid that it took putting trading on a new native app to convince people ... when they could have done it with a TD Ameritrade on web and app for over a decade?

That’s the part I don’t get. Robinhood positions itself as some liberator for people unable to access the markets, but that’s complete horse crap.

yeah, it’s easier for people to use a smartphone app that’s very streamlined and popular. Just look at robinhood’s growing user base and downloads, they did a great job getting more people into trading by making their app catchy and easy to use.

 

[swag]

yeah, it’s easier for people to use a smartphone app that’s very streamlined and popular. Just look at robinhood’s growing user base and downloads, they did a great job getting more people into trading by making their app catchy and easy to use.

They did. And eToro has copied that wholeheartedly here.

Maybe this is a bit like me arguing MySpace vs Facebook. But would-be retail investors already had all the tools and options available, but it was a gamified app that took them a generation to cross the threshold. That either makes me quite disappointed in the laziness of people. But I have to imagine Reddit and social media have just as much to do with it.

Venmo tried to socially game financial transactions, and that didn't quite work as well as they hoped. And yet what's still missing is that social element of Reddit strongly embedded in the app itself. Maybe that is by design to avoid the SEC from breathing down their necks....

 

[Bjerknes]

So let's see. We know the Federal Reserve, wall street banks, and hedge funds are all part of the same cabal with politicians protecting them. Now it looks like the social media giants are in as well? OMG so shocked.


This is opening a lot of eyes... good.

 

[ALC]

So let's see. We know the Federal Reserve, wall street banks, and hedge funds are all part of the same cabal with politicians protecting them. Now it looks like the social media giants are in as well? OMG so shocked.


This is opening a lot of eyes... good.

that’s so fucking ridiculous. Fuck Facebook first and foremost but holy shit, this can’t be allowed to happen. Hope the hammer comes down on the lot of them even though it won’t.

But it is opening eyes for sure, people are starting to realize who they’re getting fucked by

 

[Bjerknes]

Ohhhhhhh... look what we have here. I'm sure Yellen is not compromised at all and can be trusted... as the fucking Secretary of the TREASURY!


That's it, we need to tank this country.

 

[ALC]

When did conflict of interest stop being a thing?

 

[X Æ A-12]

I love the "speaking fees" from banks to politicians and regulators. They don't even bother to launder the money anymore