(Will Justice) In case you haven’t figured it out yet, the banking, big money, and hedge fund crowd are scared out of their wits right now. The reason why should have you equally if not more so pissed off.
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by Will Justice, January 28th, 2021
Note: I’ll be using the term “regular people” throughout this article to refer to people who don’t know the secrets of how the financial system works. And as such, are often victims of those who do, which we often call the wealthy elite. I’m not implying that wealthy people shouldn’t exist (as the radical left often loves to do). But I am suggesting that if you gain your wealth by taking advantage of others then this isn’t ethical. And it’s especially wrong that regular people are villainized by using the same rules the elites use to their advantage.
In case you aren’t aware, some intrepid users of Robinhood (a trading app) using Discord and Reddit to communicate, figured out a way to game Wallstreet hedge funds—which normally are the ones destroying businesses and gambling with people’s pensions.
In essence, the “gaming” on the part of regular people, was actually just taking advantage of the very system for rigging and manipulating stock prices that the big dogs on Wallstreet use.
The losses are expected to top 70 billion, affecting 5,000 hedge funds.
Reuters reports,
Short-sellers are sitting on estimated losses of $70.87 billion from their short positions in U.S. companies so far this year, data from financial data analytics firm Ortex showed on Thursday.
The hefty losses come as shares of highly-shorted GameStop jumped more than 1,000% in the past week without a clear business reason, forcing short-sellers to buy back into the stock to cover potential losses — defined as a short-squeeze — while retail investors then piled in to benefit from the surge.
Chasing shorted companies became a trend among retail traders, rippling across U.S. markets and Europe. Ortex data showed that as of Wednesday, there were loss-making short positions on more than 5,000 U.S. firms.
Its data also showed that estimated losses from shorting GameStop at $1.03 billion year-to-date, while those shorting Bed, Bath & Beyond were looking at a $600 million loss.
Ortex said the figures are based on the change in trading prices between the start of January to Wednesday’s close, and the number of short positions. The company sources short interest data from submissions by agent lenders, prime brokers, and broker-dealers.
Wallstreet and Big Tech are not happy about the fact regular people figured out a way to take advantage of a system that’s only designed to favor the wealthy elite.
NY Post reports,
WallStreetBets, a Reddit chat room for retail investors, was purged from the Discord gaming messaging service this week amid huge rally in heavily shorted stocks that has slammed billionaire hedge fund managers.
This what Wallstreet did:
- Free-stock trading pioneer Robinhood and Interactive Brokers took steps to curb the wild trading activity in heavily shorted names like GameStop.
- In some cases, investors would only be able to sell their positions and not open new ones.
- The brokers also raised margin requirements for certain securities.
They essentially stopped regularly people from using the stockmarket to their advantage, so hedge funds could retain their rigged system. And regularly people are pissed.
Our political elites are morons.
This whole GameStop issues is universal red meat for both ends of the political spectrum.
Everyone agrees that this situation is not acceptable.
Yet most of our leadership, in both parties, dead silent.
Voters before donors you hoes.
— Gavin Mario Wax 🇺🇸 🗽🍊 (@GavinWax) January 29, 2021
.@NYYRC will be staging a protest in Zuccotti Park to re-occupy Wall Street.
We are sick & tired of bailing out the fat cats and hedge funds for their own mistakes while they stomp on the little guy for trying to make a buck.
This is not capitalism. https://t.co/C9lxW5g4Wf
— Gavin Mario Wax 🇺🇸 🗽🍊 (@GavinWax) January 28, 2021
NY Post reports,
A few dozen people gathered at the New York Stock Exchange on Thursday to protest investing app Robinhood and badger Wall Street traders amid the ongoing GameStop stock chaos.
Several of the protesters were spotted tailing people leaving the building, yelling “Shame!” and “Eat the rich.”
“How much money do you make?” one of the demonstrators repeatedly asked.
Two other people were seen ducking into the Trump Building across the street in order to avoid the crowd.
The group held up signs spelling out “Tax Wall Street Trades” and chanted “I want my money. I want it now.”
“We want a free market,” they chanted.
Cries of “F–k Robinhood” and “Robinhood has got to go” also rang out after the stock trading app restricted buying of GameStop shares and those of other companies earlier on Thursday, sparking a class-action lawsuit and calls for an investigation from lawmakers.
What’s the problem? What essentially happened is regular people bought up the stock that hedge fund were dumping in a mass sell-off.
Normally, the mass sell-off would cause the price of the stock to drop rapidly—as the supply in the market increases and investors get wind of a sell-off. But the regular people were buying up the stock essentially as fast as it was being sold, causing a drive-up of the price just after it started to decline.
Needless to say, the elite weren’t happy that their price manipulation scheme didn’t work. It actually caused hedge funds in question to go belly up.
So what’s the big deal?
Well, frankly, there shouldn’t be.
Most people with any common sense realize that there’s nothing inherently illegal about what the regular people did. The rigging of a stock price to make billions for a hedge fund makes us regular people scratch our heads. Shouldn’t that be illegal, or at the very least, examined for fairness?
Isn’t the value of a stock supposed to represent the value of the company and not some sleight of hand by Wallstreet?
Well, no actually.
The stock market has been used unethically dubious ways for centuries, sometimes causing massive issues for us regular people. But this situation with GameStop, and other stocks, is highlighting a problem that’s been around for a long time.
Ever heard of the Rothschilds? Listen to how they made their money.
Maybe this situation will wake up the sleeping masses? Maybe Congress will enact some laws to make it fair?
Or maybe, Congress will enact laws to prevent us, regular people, from doing what these Wallstreet elites do?
If I was a betting man, I’d say given the fact Congress is totally corrupt and completely ignored rampant voter fraud in 2020, and Joe Biden is maybe one of the most corrupt POTUS’ in history, I’d say us regular people are probably not going to see anything good happen.
But, ever the optimist, I’d say that this might be a good thing.
Better to know a problem exists, than to be ignorant.
We The People have a lot of problems to solve, and this should be added to the list. If the past 4 years of for-the-people Trumpism taught us anything, it’s that when the true patriotic spirit comes alive we can do a lot of good for this world. Maybe even our good buddies who love the rule of law in government will help.
Like this Congressman:
My letter to DOJ to open an investigation regarding #GameStop #RobinhoodApp and anti competitive actions between Big Tech and Wallstreet. #wallstreetbets https://t.co/5B9eTcLLSq pic.twitter.com/SO79vyZYCp
— Paul Gosar (@DrPaulGosar) January 28, 2021
– Will Justice
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About The Author
Will Justice is an independent researcher, writer, and truth activist dedicated to sharing his groundbreaking findings with the world. Over the course of several decades, he discovered the causes of worldly corruption, human suffering, and spiritual decline, which gave him the eyes to see the solutions hidden from view. He is passionate about unity, authenticity, and healing the world by forming effective grassroots initiatives.
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