Stillness in the Storm

An Agent for Consciousness Evolution

Psaki Taunts Reddit Bros With The SEC

By Leave a Comment

Spread the love

(Patrick Howley) The Hedge Funds Circle Back

Related Switzerland to Hold Referendum to Strip Government of Power to Impose Lockdowns

Source – National File

by Patrick Howley,  February 1st, 2021

White House press secretary Jen Psaki taunted populist GameStop investors at her briefing Monday, stating that the Reddit-driven short squeeze propelling GameStop stock to new heights is “under the purview of the SEC.” Psaki also said that “congressional attention” should be paid to “market volatility,” and pledged the White House’s commitment to working with Congress on financial reforms.

The GameStop Revolution, powered by the Reddit community r/wallstreetbets, is costing Wall Street short sellers billions of dollars. The hedge fund Melvin Capital bet heavily against the beloved video-game retailer GameStop. Young men of all political persuasions were outraged, so they began investing in GameStop with record small-dollar purchases. By driving up the stock price of GameStop, the populists are hurting the hedge funders who were trying to drive the stock down. The maneuever is called a “short squeeze” and it has captured the American imagination.

Asked if the Biden White House is considering working with Congress on financial reforms including possibly increasing restrictions on short selling (something the financial class definitely does not want), Psaki looked frazzled. She made it clear that the White House is looking to the Securities and Exchange Commission to handle the matter.
“Obviously this is under the purview of the SEC in terms of their review and monitoring,” Psaki said.

The SEC has made it clear that it is looking to curtail what it calls potential “abusive activity” with regard to the GameStop revolution. Reviled hedge-fund loyalists are trying to make the case that outside investors on Reddit are somehow illegally manipulating the market. But r/wallstreetbets is not afraid of the SEC, telling the regulatory agency to “eat a d-ck.”

Psaki also cited the need for “congressional attention” to the “market volatility” issue, without endorsing any kind of progressive solutions. Elizabeth Warren, who has billed herself as some kind of anti-Wall Street champion, is now showing her true colors, scrambling to run cover for hedge funds by urging the SEC to stop “market manipulation” and foil the Reddit bros.

Psaki previously told a Bloomberg reporter that the Biden White House was “monitoring” the GameStop surge.

Meanwhile, populists on the Right and Left are banding together in an unlikely confederacy of geniuses to support the GameStop surge and keep it going. Here is Young Republican Gavin Wax in New York City railing against the elites.

Support this site so we can continue to tell you the truth.

DONATE HERE

Stillness in the Storm Editor: Why did we post this?

The news is important to all people because it is where we come to know new things about the world, which leads to the development of more life goals that lead to life wisdom. The news also serves as a social connection tool, as we tend to relate to those who know about and believe the things we do. With the power of an open truth-seeking mind in hand, the individual can grow wise and the collective can prosper.

– Justin

Not sure how to make sense of this? Want to learn how to discern like a pro? Read this essential guide to discernment, analysis of claims, and understanding the truth in a world of deception: 4 Key Steps of Discernment – Advanced Truth-Seeking Tools.

Stillness in the Storm Editor’s note: Did you find a spelling error or grammatical mistake? Send an email to [email protected], with the error and suggested correction, along with the headline and url. Do you think this article needs an update? Or do you just have some feedback? Send us an email at [email protected]. Thank you for reading.

Source:

https://nationalfile.com/psaki-taunts-reddit-bros-with-the-sec/

 

Notices and Disclaimers

We need $2000 per month to pay our costs. Help us one time or recurring. (DONATE HERE)

To sign up for RSS updates, paste this link (https://stillnessinthestorm.com/feed/) into the search field of your preferred RSS Reader or Service (such as Feedly or gReader).

Subscribe to Stillness in the Storm Newsletter

“It is the mark of an educated mind to be able to entertain a thought without accepting it.” – Aristotle

This website is supported by readers like you.

If you find our work of value, consider making a donation. 

Stillness in the Storm DISCLAIMER: All articles, videos, statements, claims, views and opinions that appear anywhere on this site, whether stated as theories or absolute facts, are always presented by Stillness in the Storm as unverified—and should be personally fact checked and discerned by you, the reader. Any opinions or statements herein presented are not necessarily promoted, endorsed, or agreed to by Stillness, those who work with Stillness, or those who read Stillness. Any belief or conclusion gleaned from content on this site is solely the responsibility of you the reader to substantiate, fact check, and no harm comes to you or those around you. And any actions taken by those who read material on this site is solely the responsibility of the acting party. You are encouraged to think carefully and do your own research. Nothing on this site is meant to be believed without question or personal appraisal.

Content Disclaimer: All content on this site marked with “source – [enter website name and url]” is not owned by Stillness in the Storm. All content on this site that is not originally written, created, or posted as original, is owned by the original content creators, who retain exclusive jurisdiction of all intellectual property rights. Any copyrighted material on this site was shared in good faith, under fair use or creative commons. Any request to remove copyrighted material will be honored, provided proof of ownership is rendered. Send takedown requests to [email protected].

What is our mission? Why do we post what we do?

Our mission here is to curate (share) articles and information that we feel is important for the evolution of consciousness. Most of that information is written or produced by other people and organizations, which means it does not represent our views or opinions as managing staff of Stillness in the Storm. Some of the content is written by one of our writers and is clearly marked accordingly. Just because we share a CNN story that speaks badly about the President doesn’t mean we’re promoting anti-POTUS views. We’re reporting on the fact as it was reported, and that this event is important for us to know so we can better contend with the challenges of gaining freedom and prosperity. Similarly, just because we share a pro/anti-[insert issue or topic] content, such as a pro-second amendment piece or an anti-military video doesn’t mean we endorse what is said. Again, information is shared on this site for the purpose of evolving consciousness. In our opinion, consciousness evolves through the process of accumulating knowledge of the truth and contemplating that knowledge to distill wisdom and improve life by discovering and incorporating holistic values. Thus, sharing information from many different sources, with many different perspectives is the best way to maximize evolution. What’s more, the mastery of mind and discernment doesn’t occur in a vacuum, it is much like the immune system, it needs regular exposure to new things to stay healthy and strong. If you have any questions as to our mission or methods please reach out to us at [email protected].

Reader Interactions

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.