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Thread: Global Stock Market Insurrection (Gamestop)

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    Global Stock Market Insurrection (Gamestop)

    Financial experts before: "Common people should learn how to invest, buy and sell shares first before getting on the stock market."
    Financial experts now: "It's a scandal! Our money is gone and common people are making a profit. Stop the stock exchange, it's a far right conspiracy!"



    Some the worst elements in society are finally getting their comeuppance. And it's causing an uproar.

    Quote Originally Posted by CNN
    Everything you need to know about how a Reddit group blew up GameStop's stock

    The GameStop frenzy on Wall Street has investors, and much of the internet, enraptured — not unlike a good horror movie. Everyone knows doom is just around the corner for some key players; a lucky few will emerge stronger; and the monster might be subdued but will ultimately come back for a sequel.

    The cast of characters

    Who's the monster and who's the hero, in this case, depends entirely on your perspective.

    On one side you have a band of mostly young day traders who coordinate on Reddit to drive up the share price of struggling companies, including GameStop (GME), but also BlackBerry (BB), Macy's (M) and AMC (AMC). At least one Reddit user posted that he'd paid off thousands of dollars in student loans with his GameStop gains.
    On the other you have hedge funds and short-sellers — those who've placed bets that a company's stock will crash. These are Wall Street elite, the sort of investors millions of people rely on to make the smart decisions that boost their portfolios. But they're detested by many Millennials and Gen Zers for creating a house-of-cards financial system that led to the 2008 crisis.
    We're now, potentially, at the climax of this movie
    : GameStop is up more than 1,700% since the start of January. Some trading platforms, including TD Ameritrade and Robinhood, are restricting trades on AMC and GameStop. The SEC and the White House on Wednesday both said they were monitoring the situation.
    Here's the background you need to know.

    Why GameStop?

    The popular Reddit page WallStreetBets is fond of targeting short-sellers. If you've ever played craps, these are the guys betting against the table, and their tactics, while often lucrative, have burnished their reputation as bloodsuckers and other, unpublishable, names. (More on that later.)
    It's not hard to understand why someone would short GameStop, however. The company is expected to lose money this year and next. Sales growth is sluggish because gamers no longer need to go to the mall to buy games or consoles. That said, some investors have argued that GameStop was seriously undervalued, especially when video games have become staples of the stay-at-home pandemic era.

    The GameStop stock surge began for a legitimate reason: The company announced on January 11 it had added three new directors to its board, including Chewy co-founder Ryan Cohen. Investors liked that Cohen brought digital experience to the table, something the largely brick-and-mortar GameStop desperately needs, as video games go digital and malls continue their unending slump into irrelevance.

    GameStop's stock rose a little less than 13% that day. But this wasn't a normal, momentary stock surge. Two days later, it rose 57%. Then 27%. The next week, it surged 10% twice and 51% another day. This week, it rose another 18% then 93% and more than doubled today.
    The reason is two-fold, both of which are far removed from anything related to the company's fundamental strength: Investors following the Reddit group bought a ton of GameStop options, and short-sellers had to buy shares to cover their losing bids.
    On Wednesday, while all three major stock indexes tumbled, GameStop finished up a mind-boggling 134%.
    For perspective: One year ago, a single share cost about $4. It's now $200.

    Not just GameStop

    A similar story was playing out with shares of AMC, the movie theater chain that's been devastated by the pandemic.
    Shares of the new WSB plaything were up more than 200% Wednesday after members of the Reddit board and investors on Robinhood were touting the stock. The hashtag #SaveAMC was trending on Twitter.
    Both AMC and GameStop spiked so rapidly Wednesday they triggered automatic halts designed to protect against volatility.

    Why is this happening now?

    The way people trade stocks has been upended by the rise of no-fee apps like Robinhood. That technology has democratized investing, giving armchair investors far removed from traditional banks free access to sophisticated trading instruments, like options.
    You could pay an analyst to tell you what stocks to buy, or you could create a Reddit account and follow forums like WallStreetBets. Millions of young people are opting for the latter, which is partly why the sudden surges in GameStop and AMC have caught Wall Street veterans by surprise.

    What's an option?

    Options are bets investors place on a stock, allowing them to buy (a "call" option) or sell (a "put" option) at a particular price. That allows people to wager on whether a stock will rise or fall.
    Investors can place relatively inexpensive options bets and sell those options as they rise in value when the stock price gets closer to their wager. Although buying and selling options isn't the same as buying and selling stocks, big options volumes can drive a stock up or down, typically because options traders buy or sell the stock itself as a hedge.
    In the case of GameStop and other stocks targeted by WSB, traders keep buying options, forcing the investors selling those options to hedge their bets by buying up GameStop stock.

    What's a short?

    Short-sellers are investors who bet that a stock is going to fall. They borrow shares to sell on the market with the promise to buy back those shares at a later date. If they win the bet, they sold high and bought low, and they walk away with money in the bank.
    If they lose the bet, that's called a short-squeeze, and they often hedge their losses by buying more shares of the company they bet against.
    Short interest in GameStop surged toward the end of the year, as investors bet against the company's earnings potential. With a mega short-squeeze taking place, short-sellers began to hedge their bets, buying more stock to make up for their mounting losses.

    Fueling the fire

    WallStreetBets, which has more than 2 million followers, is littered with posts cheering the stock gains and no small amount of righteous indignation.
    "What I think is happening is that you guys are making such an impact that these fat cats are worried that they have to get up and put in work to earn a living," a moderator in the group posted this week."That fuzzy sensation you are feeling is called RESPECT and it is well earned. Wall Street no longer dismisses your presence anymore."

    Elon Musk appeared to join the pile-on Tuesday with a single-word tweet — "Gamestonk!!" — that linked to WallStreetBets. Tech investor Chamath Palihapitiya dipped his toe in the frenzy, buying call options on Tuesday but closing his position Wednesday, he told CNBC. Palihapitiya said he would donate his profits to charity and defended the retail-investing phenomenon playing out on Reddit.

    "Instead of having 'idea dinners' or quiet whispered conversations amongst hedge funds in the Hamptons, these kids have the courage to do it transparently in a forum," he said. "What it proves is this retail [investor] phenomenon is here to stay."

    Isn't this a bubble?

    It sure is.
    There's an argument that GameStop was undervalued, but hardly anyone believes that GameStop, BlackBerry, Macy's, AMC, or any of the other companies that WSB is promoting have fundamentals to support these surging stock prices. At some point, reality has to set in.
    But that's the problem with bubbles — get out too early, and you lose at a chance to cash out on top. So GameStop keeps surging ... until it won't anymore.
    The GameStop saga is a battle of new school vs. old school, amateur vs. professional, rebels vs. the establishment.

    At the moment, the kids are winning. But, like all bubbles, this one's going to burst at some point.
    — CNN Business' David Goldman and Paul R. La Monica contributed to this report.
    CNN
    "Our country is ourselves. It is our villages, our altars, our graves, all that our fathers loved before us. Our country is our Faith, our land, our King. . . But their country — what is it? Do you understand? Do you? . . . They have it in their brains; we have it under our feet. . ." - François-Athanase Charette

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    Global Stock Market Insurrection (Gamestop)





    A stock market insurrection goes global, the EU has a falling-out with AstraZeneca and U.S. tech titans disappoint. Here’s what’s moving markets.

    'French Revolution'

    As GameStop shares soared to new highs, inflicting bruising losses on hedge funds including that of New York Mets owner Steve Cohen, the phenomenon of meteoric gains in heavily-shorted stocks went global throughout Wednesday. In Europe, mall owner Unibail-Rodamco-Westfield finished the day up 20%, while peer Klepierre rose 22% -- the stocks' short interest stood at 14% and 15% of float, respectively. Publisher Pearson, with about 15% of short interest according to IHS Markit data, closed 14% higher. Overnight, what Skybridge Capital founder Anthony Scaramucci called ``the French Revolution of finance'' spread across the world, with some of Australia's most-shorted stocks outperforming. Meanwhile, a deluge of new members forced the WallStreetBets forum to briefly shut out new users, and communications platform Discord banned the group entirely, citing its lack of action against hate speech.

    EU Escalation

    European Union officials remain at loggerheads with AstraZeneca after the Anglo-Swedish drugmaker refused to cave to demands that it take vaccine supplies from its U.K. factories to increase doses going to the bloc. The EU accuses Astra of using European funding intended for the development of manufacturing capacity to ramp up production in its U.K. plants, and now prioritizing British deliveries. The face-off could mean further delays to an already-sluggish inoculation campaign in the region. It also thrusts the maker of the life-saving shots into a political fight with 27 governments and their restive voters, desperate to pull their economies out of the steepest recession in living memory. In happier news, BioNTech and Pfizer said their jointly-developed vaccine is effective against both the U.K. and South African strains of the coronavirus.

    Meh

    Apple, Facebook and Tesla all dropped after posting quarterly earnings last night. While Apple's quarterly revenue topped $100 billion for the first time, it didn't offer a formal sales outlook and executives said sales growth from AirPods and other wearables will decelerate in the current quarter. Facebook warned of “significant uncertainty” in 2021, and said it may not be able to grow as quickly in the second half. Tesla reported a sixth straight profitable quarter in its first earnings report as an S&P 500 member, but missed analyst expectations. This comes during an earnings season where, on average, even stocks whose results beat expectations ended up underperforming the broader market.

    No Taper

    Federal Reserve Chair Jerome Powell made clear the U.S. central bank was nowhere near exiting massive support for the economy during the ongoing coronavirus pandemic, as officials left their benchmark interest rate unchanged near zero and flagged a moderating U.S. recovery. The central bank’s policy-making body repeated it would maintain its bond-buying program at the current pace of $120 billion per month until “substantial further progress” toward its employment and inflation goals has been made. It made no changes to the composition of purchases.

    Coming Up…

    Chip firm STMicroelectronics just released a first-quarter forecast that beat analyst estimates, while watch maker Swatch missed expectations for the full year. Remaining earnings highlights for the morning include elevator maker Kone and distiller Diageo, where analysts will look for signs of pain as renewed lockdowns eat into Europeans' ability to have a good time. Billboard advertiser JCDecaux and furniture maker Maisons du Monde are also expected to report, but usually do so after European markets close. American behemoths await us from noon onward, with earnings due from Visa, Mastercard, Comcast and McDonald's. Weekly U.S. jobless claims, forecast to remain broadly in line with a week ago, are another fixture for the afternoon.



    Bloomberg


    Robinhood CEO: We Made The ‘Correct’ Decision In Restricting GameStop Trades



    As online brokerage Robinhood faces widespread backlash, CEO Vlad Tenev said Thursday he made the “correct” decision in restricting purchases of GameStop stock, while denying that the company did so because it doesn’t have enough cash on hand.

    • In an interview with CNBC, Tenev said the decision to halt trading of GameStop, AMC and other stocks was “difficult,” but the company did so “to protect the firm and protect our customers.”
    • Tenev explained the company made the decision to comply with mandated financial requirements from the SEC, but denied the company didn’t have enough cash on hand and said the halt was made “preemptively.”
    • Tenev also confirmed that the company tapped lines of credit Thursday as a “proactive” measure to ensure it can “maximize within reason the funds we have to deposit at the clearing houses.”
    • Though Tenev said it was the “correct” decision, he reversed course earlier Thursday and announced that Robinhood will accept “limited” trading of those stocks Friday morning.


    Crucial Quote

    “Of course Robinhood stands for everyday investors. From the very beginning we have stood for investors opening up access. It pains us to have had to impose these restrictions and we’re going to do what we can to enable trading in these stocks as soon as we can,” Tenev said.

    Big Number

    GameStop shares went down Thursday following Robinhood’s initial decision to halt trading. But when the company announced it would resume limited trading Friday morning, the stock shot up 62% in after hours trading.
    Key Background

    Retail investors, mostly on forums like Reddit’s r/WallStreetBets, have helped drive up the stock of GameStop, AMC and other struggling businesses like Bed, Bath & Beyond and BlackBerry using online brokerages like Robinhood. The frenzy has resulted in a boon for everyday traders, but it’s caused massive losses for hedge funds that shorted those stocks. The rally hit a snag Thursday when Robinhood restricted trading of GameStop and other heavily shorted stocks. The move drew near universal outrage from across the political spectrum (and a few class action lawsuits), as it shut out individual traders from getting in on the craze.

    Forbes

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    I'm not into the whole stock thing and I'm not truly sure how this works but watching a jew millionaire cry on air is just funny as can be. They are apparently freaking to the point of hysteria over the thought that some goyim actually outsmarted hem and made some money.
    To the point that they will probably have congressional hearings about it and I'll bet arrests. It's just so funny.

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    Financial experts are now calling for making social media talk about the stock market illegal. And buying up shares collectively to create a decentralise hedgefund is deemed to be "white supremacist". Politics or stock market, they're only for the happy few, a small elite which allows for the illusion of participation. But if you participate and demand a place at the table you are a a dangerous extremist.

    I came across this on FB:

    For those who do not yet understand:
    -A raging antisemitic ex-Jew come Orthodox Monk is outside the fed.
    -He's ringing a bell and blessing "the short squeeze" because a bunch of reddit guys bankrupted a Jewish hedge fund by buying up stocks in an ailing video game retailer bragging quote
    -"We can stay retarded longer than you can stay solvent".
    -Heaven is real and memes are apparently its MO for trolling the actual devil."

    "Our country is ourselves. It is our villages, our altars, our graves, all that our fathers loved before us. Our country is our Faith, our land, our King. . . But their country — what is it? Do you understand? Do you? . . . They have it in their brains; we have it under our feet. . ." - François-Athanase Charette

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    It is not a bubble. It is a short squeeze.

    Traders, i.e. the hedge funds, have borrowed shares, sold them, re-borrowed them only to sell them again. The traded volume of GameStop is, according to Wikipedia, about 140% of the available stock. When you sell more of a share than there is to be bought, you open yourself up to all kinds of trouble, as the saying goes: he who sells that which he does not own, either buys it back or goes to jail.

    https://en.wikipedia.org/wiki/GameStop_short_squeeze

    This is why all the talking heads are now talking about the long term earnings potential of the company in relation to the share price: to influence the small investors to sell and cash in their trading profits to date. That would allow the hedge funds, probably with some help from other institutions and a federal bail-out or two, to extricate themselves from their current fix. It will cost money, but the establishment will survive.

    And, BTW, for some reason all the names that come up in the reporting seem to be Jewish. E.g. "Melvin Capital" is being managed by Messrs. Plotkin and Kurd. As always, Jews taking English sounding names for the companies to appear more trustworthy.

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    Signs of the times: GameStop investors mock humbled hedge funds with billboards across the US saluting their stock gains



    • Multiple signs and billboards mocking hedge fund have emerged across the US
    • A massive digital ad was displayed in Times Square reading: '$GME GO BRRR'
    • The billboard was created by digital marketer Matei Psatta and ran for a hour
    • Over on the west coast, a plane was spotted flying a banner over Santa Monica reading, 'WE ARE ALL GAMESTOP WALLSTREETBETS'
    • A similar stunt took place in San Francisco where a plane was seen flying a banner over the city saying 'SUCK MY NUTS ROBINHOOD'
    • Trading app Robinhood late on Friday restricted purchases of 50 different stocks
    • List included 'meme stock' GameStop but also General Motors and Starbucks
    • It followed a wild week of trading fueled by anti-hedge fund Reddit insurgency
    • It became clear that Robinhood was under severe strain with its cash reserves


    The army of amateur investors behind the GamesStop stock surge saga are doubling down on their revolt against Wall Street bigwigs, this time with a public campaign mocking humbled hedge funds.

    After a week of speculative trading that roiled the stock market, the 'Wolves of Reddit' made it clear they're not backing down by taking out a Times Square billboard gloating over their gains.

    Other gloating messages appeared on billboards across the country, and as banners flown by planes.

    A massive digital advertisement appeared on the corner of 54th Street and Broadway in New York's Midtown on Friday reading, '$GME GO BRRR'.

    The message is a reference to the popular internet meme 'Money Printer Go Brrr', mimicking the sound of a cash printing machine, while 'GME' is the NY Stock Exchange ticker symbol for GameStop.

    The ad was reportedly displayed for only an hour, but managed to make the rounds on social media, much to the delight of Reddit investors who couldn't help but celebrate the frenzy on the forum.

    This is easily one of the greatest things to happen during our lives,' one Redditor wrote on r/wallstreetbets, where the rally originated.

    'It already made me burst out in tears multiple times. This is so important to me. I'm 31. Life f**ked me over, my psyche is done for due to work and my whole family was f***ed over in the 2008 crisis when the big guys stuffed their bags,' another wrote.

    The giant billboard was created by digital marketer Matei Psatta, 29, who on Friday joined billionaire Tesla founder Elon Musk on Twitter in taking a jab at short sellers reeling over their losses.

    'Here come the shorty apologists. Give them no respect. Get Shorty,' Musk tweeted.

    'Shorties wouldn't have the [balls] to do this,' Psatta replied with a photo of the billboard.

    Psatta later told the New York Post Saturday the ad only cost $18 to run since it was sponsored by his own company and revealed he's now thinking about taking out another.

    'Did it purely to support the movement and make some people smile,' he said. 'I'm considering running another but want to see how the sentiment is on Monday.'

    Although the ad only ran in New York City for a short period, the trolling of the financial elite did not stop there.

    Over on the west coast, a plane was spotted flying a banner over Santa Monica reading, 'WE ARE ALL GAMESTOP WALLSTREETBETS'.

    A similar stunt took place in San Francisco where a plane was seen flying a banner over the city saying 'SUCK MY N*TS ROBINHOOD'.

    Kaspar Povilanskas, the co-founder of Nowadays Media, promoted the display on Twitter informing followers he had hired the plane to circle above Robinhood's headquarters 'for a while.'

    'Got take some photos I don't even live there,' Povilanskas tweeted along with a map of the flight path.

    Meanwhile in Oklahoma, another billboard was erected on a Oklahoma City highway saying: 'We're not leaving! $GME', along with a series of emojis.

    While the so-called 'Reddit rally' has roused the ire of hedge funds that have seen sharp losses as a result, Ray Dalio the billionaire founder of Bridgewater Associates, said the revolt is part of an 'evolutionary process.'

    'Rebellion, if it's not destructive, if it's not antagonistic, it's part of an evolutionary process. Of course it raises questions about liquidity and information...legal questions,' he told The Washington Post.

    But it also shows day traders are beginning to understand the mechanics of the market as are those who are being squeezed, Dalio added.

    'What concerns me more is the general anger - and almost hate - and the view of bringing people down that now is pervasive in almost all aspects of the country. That general desire to hurt one another' is of concern.'

    'They remind me a lot of me at that age,' he said. 'I started investing at an early age and I was rebellious and wanted to do it my way and bring it down.'

    On Friday, trading platform Robinhood restricted the purchase of 50 different stocks late on Friday, including blue-chip names Starbucks and General Motors, in an apparent act of desperation as the company's cash reserves were stretched to the limit.

    The move followed a wild week of trading driven by small investors on the message board Reddit, who took on hedge funds that had bet against shares of struggling video game retailer GameStop.

    Robinhood said in a statement that it had restricted users from purchasing certain shares this week because it struggled to meet deposit requirements with the clearinghouses behind the scenes of stock trading.

    It was a stunning admission that cast doubt on conspiracy theories accusing Robinhood of trying to tank high-flying GameStop shares for nefarious purposes -- but it revealed how precarious the startup trading platform's financial position may be.

    Robinhood's trading restrictions -- which limited little investors even as big hedge funds were free to buy and sell stock at will -- drew fury from elected leaders in both parties and scrutiny from regulators.

    Meanwhile, billionaire bond fund manager Jeffrey Gundlach is blaming federal stimulus checks for fueling the 'meme stock' frenzy, which saw GameStop shares skyrocket 1,800 percent in January as small traders attempted to bankrupt hedge funds that had bet against it.

    'I think wherewithal from governmental stimulus ultimately is really the cause,' Gundlach, founder of the $148 billion bond fund DoubleLine Capital, told Fox Business on Friday.

    Gundlach said that two rounds of individual stimulus checks, or 'stimmies' as the funds are known on Reddit, had allowed an army of small traders to 'pile drive' hedge funds by buying up stocks that were heavily short sold.

    The trading frenzy came to a head on Wednesday, when GameStop shares shot up 135 percent in a single day, inflicting billions of dollars of potential losses on prominent hedge funds.

    On Thursday, Robinhood began banning the purchase of stock in GameStop and several other companies that had been touted on Reddit.

    The free trading app is wildly popular with members of the Reddit forum WallStreetBets, where the insurgency began, and the Robinhood's move drew harsh criticism from users as well as politicians across the ideological spectrum.

    On Friday, Robinhood lifted the buying ban, but limited the number of shares each user could increase their position to. For example, users were allowed to buy a maximum of one share of GameStop if they didn't already own more.

    Robinhood said the buying restrictions were a result of its struggle to meet deposit requirements at clearing houses, which it said increased ten-fold this week.

    'It was not because we wanted to stop people from buying these stocks,' Robinhood said in a blog post.

    'We did this because the required amount we had to deposit with the clearinghouse was so large - with individual volatile securities accounting for hundreds of millions of dollars in deposit requirements - that we had to take steps to limit buying in those volatile securities to ensure we could comfortably meet our requirements,' the company said.

    The statement shed light on the drama behind the scenes between Robinhood and the little-know Depository Trust and Clearing Company, which operates as the single clearinghouse through which all public stock trades are executed in the U.S.

    The DTCC is the institution that actually performs the exchange of stocks for cash, where securities are deposited for safekeeping as trades are being executed, enabling the instant buying and selling of stock even though the actual settlement of the trades takes a day or more.

    Brokerages have to post money with the DTCC to cover trades while they wait for their customer's trades to settle.

    Normally, those deposit requirements are manageable, because brokers have customers both buying and selling the same stocks, so if the broker fails their book with the DTCC balances out.

    But the situation this week at Robinhood was anything but normal, with massive numbers of users buying up GameStop shares and very few selling. At one point, an estimated half of Robinhood's 13 million users owned some GameStop stock.

    The lopsided trading caused Robinhood's deposit requirements with the DTCC to skyrocket tenfold, the company said.

    A spokesman for the DTCC wouldn't specify how much it required from specific firms but told Bloomberg that by the end of Friday, industrywide collateral requirements had jumped to $33.5 billion, up from $26 billion.

    The cash requirements stretched Robinhood to the limit, even after it tapped investors for an emergency $1 billion fundraising round and reportedly tapped credit lines for another $600 million.

    As trading continued on Friday, Robinhood dramatically expanded the list of stocks on which it placed purchase limits.

    By around 5pm, during extended trading hours, the list had reached 50 different stocks, including General Motors, Beyond Meat and Starbucks.

    Vaccine makers Moderna and NovaVax were also on the list. A Robinhood spokeswoman declined to confirm to DailyMail.com that the same stocks would be restricted on Monday, saying only that the company would 'continue to monitor the situation and make adjustments as needed.'

    The restrictions extended far beyond the 'meme stocks' such as GameStop that drew frenzied interest this week, and indicate the precarious financial position that Robinhood could be in.

    Robinhood insists that the restrictions are only temporary. 'Our goal is to enable purchasing for all securities on our platform,' the company said.

    'This is a dynamic, volatile market, and we have and may continue to take action to make sure we meet our requirements as a broker so we can continue to serve our customers for the long term,' Robinhood added.

    Robinhood was not the only trading platform to implement trading restrictions. TD Ameritrade also had restrictions on buying shares in 19 companies, most of them with heavily shorted stock.

    Meanwhile, Robinhood, which is based in California, is looking for office space in Manhattan, according to the Real Deal.

    The company has expanded ambitiously as its user base exploded during the pandemic, with 3 million signing up in the first six months of 2020.

    Robinhood had been rumored to be eyeing an initial public offering of its own stock, but it was unclear what impact the fallout of this week might have on those plans.

    'Rest assured, our position remains firm,' the company said.


    Daily Mail

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    Hmmm. According to Max Keiser it was naked puts. Which is illegal. So jail should definitely be on the menu. Apart from the facts that the involved people are Jews. So now they will probably be bailed out with tax payers' money. By a Jewess who happens to be secretary of the treasury. As was her predecessor under Trump, who happened to be a former Goldman Sachs employee...

    https://www.youtube.com/watch?v=-EtlN2ZrvKI

    A most watchable episode. It explains the business model of the app Robin Hood. Which is also apparently illegal. But again, all the people benefiting seem to be Jews. So I guess that it is OK.

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    I've read that Gamestop created 71.000.000 shares in its existence. Hedge funds are in possession of 102.000.000 of those. So there are 31.000.000 shares in the hands of hedge funds that can't exist. And the shorters didn't opt for automatic stop-losses and went all in, things financial experts always warn against. Right before they advise people to invest in this type of funds.
    .
    "Our country is ourselves. It is our villages, our altars, our graves, all that our fathers loved before us. Our country is our Faith, our land, our King. . . But their country — what is it? Do you understand? Do you? . . . They have it in their brains; we have it under our feet. . ." - François-Athanase Charette

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    The ecologist faction of the E.U. parliament wants to investigate Gamestope, to protect the hedge funds. They're supported by the liberals and christian democrats.


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