The recent Reddit ‘Wall Street Bets’ projects to buy stocks of companies who were victims of hedge fund billionaires have been successful and brought public media attention. This is part of a larger ‘robin hood’ movement of lower and middle class citizens to continue in the tradition of Occupy Wall Street, to protest power in attempts to correct corruption democratically. Gamestop stock buying was so successful that it bankrupted the rich hedge fund ‘Melvin’, creating new meme phrases like “Melvin the short” and “That company is getting Melvined”. This mass movement has rich people panicking because it makes hedge funds riskier, if they are open to ‘common reaction’ their rigging will not work for them as much. So this is the first time that plutocrats are talking about wanting more regulations against a free market function, by calling it “market manipulation”. Hedge-fund shorting is way more unethical a manipulation than buying stocks that are popular.
All of economics is artificial: money value is largely a social illusion (this piece of paper is worth more than regular paper), and layers-on-top-of-layers of imaginary number theory is at work every day to pay the bills for the cops who evict the homeless. Infiltrating Wall Street is happening on social media platforms, at night in the minds of millions, and in broad day-light because it is legal and ethical. Will the market bosses stop the people from trading? AMC is next, so stay tuned for more direct democracy in capitalism fellow heroes. This market week for our movement will be the subject of books, films, and lawsuits as an historic moment of commoners vs elites.
Roaring Kitty D.F.V. Investor – Explaining Gamestop Growth Jan. 22, 2021
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Here are some awesome videos covering what happened Wed. Jan. 27, 2021:
TYT – Outwitting Wall Street, Gamestop vs Melvin
Kyle Kulinski Secular Talk – Reddit Tanking Hedge Funds
Hill Rising, Saagar – Wall Street Elites Destroyed at their own Game
Steven Colbert Show – Reddit Traders Spanked Wall Street
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The plutocratic response the next day was to close, ban, and liquidate trading across multiple platforms and markets. The establishment guardians (heads of exchanges, chancellors, App CEOs) defended billionaire hedge fund companies against the people. Trader TV and many other day trade commentators sided with the people (Reddit Infiltrate movement), because they do not like big brother telling them what they can recommend or say publicly about stocks.
Interactive Brokers Group (IBKR) tweets this morning it “has put AMC, BB, EXPR, GME, and KOSS option trading into liquidation only due to the extraordinary volatility in the markets. In addition, long stock positions will require 100% margin and short stock positions will require 300% margin until further notice.”
Follow-up tweet from Interactive Brokers: “We do not believe this situation will subside until the exchanges and regulators halt or put certain symbols into liquidation only. We will continue to monitor market conditions and may add or remove symbols as may be warranted.” By liquidating trades the bosses have drained the price gains made by the masses, to defend the rich oligarchs.
Social Buzz: Wallstreetbets traders incensed at trading platforms blocking short squeeze stocks – sees censorship and restriction moves as protecting Hedge Funds and ‘Old Rich Men’.
Barstool Sports Dave Portnoy Jumps Into Short Squeeze Fray, Tweets RobinhoodApp, Others ‘Trying to Force a Crash by Closing the Open Market is Fair?’ Ends tweet noting, “They should all be in jail.”
Redit User & Yahoo Finance Explain – ‘Social & Legal Issues of Infiltrate Wall Street‘
Ujamaa, which means, “cooperative economics.” – Boy Who Made Thousands
Article on the ‘Difference Between Investor Vs. Hedge Funds’
Legal Civil Action Lawyer Response – ‘Economic Populism Vs. Corrupt Manipulation’
Trey’s Trades – AMC Live Price Action!!!
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