And that was pretty much the entirety of Obama's first term. Here is a fuck ton of money now give it to the elites and the big time losers and we'll say you turned the country around.
Oh I don't but he is also not the one getting credit for being an amazing Pres and saving our economy. But yeah, the Bushes are full on shit bags and we all know it.
In prison for what? They are allowed to buy stocks. You are allowed to discuss stocks. If not, Jim Cramer must be going to jail, as he has an entire show talking stocks...
The elite gambled and lost. Too bad. Now lock up Nancy Pelosi for her corruption and insider trading.
They shut down trading of multiple stocks for retail investors and the hedge funds can still trade them. Fucking Merica.
Libertardians be like "hey man its muuh private company, they can completely fuck you over if they want. Just start your own collection of trading platforms"
However, they and the other brokerages are so married to the State to the detriment of new competitors that it's completely unreasonable
Robinhood IS the new competitor. They navigated federal regulations and became successful because of the Almighty Market.
But to be clear, you now support The State regulating a private business? Seems kinda statist to me.
Using your logic, that one cannot hold anyone accountable to libertarian ideals because of the unfair conditions of the market, then what's the point of libertarianism? This is the pacifism of the ideology I don't like. Libertarians just want to be the person saying "I told you so" as the world burns. I want to prevent the world from burning. Fundamental difference.
And when it comes to a private company doing something wrong, I don't need to play logic games about the unfair conditions to justify my beliefs. There are universal truths. There is wrong and right. I wouldn't support this under fair or unfair market conditions.
How about the baker? The market is unfair, so by your logic the State can force the baker to bake a gay cake, right?
I do enjoy the philosophical discussion. Not enough of it.
And? What if you don't use them? Or is the problem the regulations in place that you have to go through some sort of middle man like Robinhood to be able to purchase it?
Cause apparently India, who doesn't use them, just bought up the stocks.
Lol I was a libertarian for almost 2 decades. You absolutely support Robinhood, a private company, halting trading whenever they want. That's libertarianism. "Well as long as they had some asterisk deep in their 25 page Agreement and you signed it....I mean, just make your own trading platform."
In fairness to the libertarians (yuck, just threw up in my mouth a little.... j/k lol).
Seriously, in fairness to them, in their world, none of these hedge funds or corporations would have become big enough to control the markets and amass trillions, and therefore, none of them would have become too massive to challenge. In that world, you really could solve the problem by making your own trading platform and increasing competition. The problem with that is that human nature doesn't really work that way. Competition is not an arbiter of equality, it's a method to determine winners and losers. Yes, corruption allowed the government and the already powerful to pick the winners who are now and have always been exploiting their influence, but in absence of that "help", a select few are still going to rise and exploit their influence. The only difference is who is doing it and through what means they rise to power. It's still probably going to be some rich guys because they'll have a head start.
Perhaps we need some sort of economic bill of rights that protects the minority in terms of economic influence.
Libertarians have generally the right idea, where they fail miserably is that they want to get there from where we are instead of realizing at best you can slowly move in that direction.
Sure, in a world where costumers understood their own power and personal responsibility was a thing it would make sense to have way less regulation. But to pretend we are at that point and that whatever shit this companies pull can be justified because they are private companies is absurdly naive. They can't be allowed to abuse the system, rig everything and then play the free market card so they can get away with anything.
Seriously, in fairness to them, in their world, none of these hedge funds or corporations would have become big enough to control the markets and amass trillions
I'd argue that premise, hard.
I sympathize with the philosophy. I really was a hard-core libertarian for almost 2 decades. But it's honestly just cringe and dumb. Never thought I'd be saying it but I am. It's just an immature, pacifist philosophy and, of course, look at WHO created it and it starts to make sense.
I support maximal freedom for everyone. Equality of opportunity. Minimal government where-ever possible. Abolishment of the fed, social security, handouts. Legalization of anything that doesn't hurt others, even if it may be harmful to the individual. My body, my choice - when that body really is your own body and not that of another unique living human.
Pacifism in third-party wars, full aggression when threatened by other countries.
The party, like all political machines, is fucked, but the libertarian ideals are pretty similar to the patriot's causes. We want an end to the swamp and their interference in our lives. Consider how many gadsen flags were at Trump rallies - it was the third most popular flag after USA and Trump.
They may want to go further than you, but we all agree on the first several steps and the direction we should try to go in.
No you weren't. You're only here to cause a divide. I'm a libertarian and a proud supporter of Donald J. Trump. You are just a piece of shit shill and no one should take you seriously. The only idea you have that's genuine is trash talking a large group that supports this community, even when and where we differ, and the Trump family.
That you are doing this by making up bullshit I don't believe then applying it to me tells me all I need to know. You walk and talk like a two faced democrat.
REEEEE
So saying libertarians support private companies doing what they want is apparently wrong.
Get the fuck over it. Suddenly libertarians want The State to step in to stop private company Robinhood from doing something? Very principled ideology you got there.
Put on your big boy pants and take some shit talk.
And no, vast majority of libertarians do NOT support Trump. I know because I was a hardcore libertarian up to 2017. Their weakness redpilled me.
I can talk circles around you about libertarianism. Hayek, Rothbard, Tom Woods, Stapleton, Rand, Paul, Friedman, Mises, Hoppe were my favorites. I was just like you, crying like a bitch when someone insulted libertarianism. Then I finally matured and realized it's a cringe ideology. The reason I am so adamant about shitting on it is because modern conservatism has turned into the cancerous classical liberalism. And it's why the left is winning
But yeah dude. I'm just a shill. The elites are terrified of the pussy libertarian philosophy of "roll over and let your enemies win" so we try to divide and conquer. Couldn't be that someone just thinks your political philosophy is dumb.
There's no excuse for trying drive a wedge. This is how I know you're a democrat.
MAYBE... maybe you don't think you are. In which case, I very much doubt your belief system differs from theirs anyways. Everything you're writing here sounds JUST like some fucking liberal I argue with. Of course you will huff and puff around trying to say otherwise. Won't change that if we really got into it you'll look more and more like some neoliberal consoomer.
I’ve seen EVERYONE come together under the “fuck the hedge funds” umbrella, so I would HOPE we could use this opportunity to really red pill some people on what we’ve been saying all along about the fact that there’s no two party system: it’s uniparty and they all succeed based on the bullshit they act like they support for you. And then the media protecting these hedge funds from as much bad press as possible. Hopefully, these idiots will pull their head out of their ass and realize the everything Trump said about the fake news is right. They are NOT there to inform you for your own benefit. They’re there to spin a story based on what they want you to believe.
They won't. They've been brainwashed into believing his is the devil. They will be calling for Sanders or some other crackpot. What they will really end up getting is Harris and then look the fuck out.
If they do a recount and shenanigans are found, they'll both go to jail as will a BUNCH of dems. If they don't get shot for treason.
They Military will look at that and go 'uh fuck no.'
And while I know the Brass at the Very tip-top is corrupt, there are plenty of colonels and 1-stars that are not. There are very simple and easily available solutions on a military base for removing people that subvert the constitution and don't think it hasn't been discussed.
I unironically want Biden's admin to crack down on what WSB did. Reddit thinks they're sticking it to the rich white man and I'm sure they're circlejerking hard all over Reddit. Please let Biden come shut it down for Wall Street. Hurr durr maybe we're the baddies??
The silly headlines from the media (like "white supremacists" manipulated the stock) should open a few eyes. If they're making up lies like that, what else have they been lying about? So sure, let Biden's admin crack down in favor of their Wall Street sponsors, open a few more eyes. Some people have to learn to hard way.
The same people who believe in white privilege and material racism won't bat an eye at those headlines. They're so brainwashed at this point, they burp soap bubbles.
I wish I could explain this to people. I’m a CPA and attorney with a focus on securities and complex corporate transactions. I don’t do this work anymore bc it did not sit well with me. I explicitly remember working on some BS engineered financial instruments right after the bust in 2008, thinking “these a-holes learned nothing. They don’t care.” I’ve sat on the calls. I’ve read the emails. I’ve worked on the transactions. I’ve been counsel to politicians. It really is rigged, and the “powers” know most of what they are doing is over the head of your average person.
I wonder if Martha Stewart is still steaming from her prison sentence, because since then, we have watched a lot of people do much worse and walk without so much as an investigation.
Selling naked options and naked shorting are not the same thing.
Naked shorting (which is illegal) is the practice of short selling shares that have not been positively determined to be obtainable by the short seller. In the case of GME, the short position was at 140% of the total shares outstanding, so at least 40% of the shorting had to be naked shorting.
These hedge-fund fucks got greedy and instead of getting burned, they're getting bailed out by the brokerage houses.
I agree but that isn't "naked short selling" That is double bad naked short selling.
Naked short selling is usually used when referring to selling calls/puts when you don't have a position in the underlying stock which can create exactly the scenario of over 100% effective short position.
I get it, but we are talking 'legal' under color of law, they arnt really allowed to do what they did in this scenario. A guy like Melvin calls his buddy at JPM and borrows whatever he wants even if it doesn't exist, where as Foreign Aid is Theft tries to do that and JPM says "sorry bud, no shares available." When Melvin gets in a bind he gets to put out hit pieces and lies on CNBC, call up the exchanges and tell them to halt so he can figure out how to cover, and trade back and forth with the market makers to make up for his fake and real shorts et cetera. When Foreign Aid is Theft calls the broker and says "help im losing money" they say "lol investments carry risk dumbass."
The regulatory bodies look the other way because they all want to work for GS or whatever later and dont want to cause trouble, so as long as Melvin makes sure the books balance out at a later date then its all good.
If Melvin ends up looking like he will actually fail, the Fed will swoop in and declare that they must help because otherwise the entire economy will collapse or whatever bs excuse they use.
Yes, what you are describing is what we are all pissed off about:
Regulatory Capture
Even 2008 was the same. They created synthetic products with AIG, Merrill, Goldman Sachs, Bear Stearns and Lehman that took a very bad housing market and nearly created financial Armageddon so they could make some "bets".
C. Startup funding is generally only accessible to “sophisticated” investors. They are the ones that enjoy the explosive growth that can happen in the early days.
Short-selling has it's place. When the whole world goes mad buying up sub-prime mortgages or tech stocks or tulip bulbs or some other nonsense, shorting provides an opportunity for bears to make a profit on their speculation that the market is grossly over-priced instead of simply "choosing not to buy".
The whole system is rigged to blow bubbles. Short-selling is one of the few ways that realists can pop the bubble and bring the market back to it's senses.
That's not to say that short-selling is always good, but it's not always bad. That they are regularly painted as the bad guys by the global elite should tell you that they provide an important service.
Day traders do it all the time as well. Normally (at least in a bull market) it's a sure way to lose money, unless you have some insight or inside info that makes it a certainty that the stock will drop.
In Biden's America, it made sense - he's fucking the economy, retail is way vulnerable right now, so they short some dinosaurs about to totter off the cliff and die in order to make a few bucks. Reddit's WSB forum catches this, hatches an awesome plan to make zillions by driving a bubble, then manages to pull it off.
Well, some people who offer to lend stocks speculate that people will take it and fail to predict a decline, thus get their stocks back at a higher value.
In essence, all of this is on a voluntary basis - the rigging comes in play when the media plays along and fearmongers generic people into selling or motivates them into buying. Or when there is insider information - or worse: You are a politician and you or your buddies are enacting laws that heavily impact the economy in a way where you can invest before it is known.
All speculators effectively gamble with each other, it's just that the well established, generally richer people have unfair connections and access to knowledge. And worst of all: The law does not apply to them - they can literally do things that are illegal for generic people and consistently get away with it.
Seriously - the USA has a "justice system" that protects the criminals and punishes the innocent. This is not new, it just exacerbated over time.
I applaud the "attack" on GameStop. So sick of hedge fund managers raking in big bucks just because they have a system to short-sell stocks and you have to have millions already to invest and be part of "the club" to even do it. Some of these people literally do nothing to earn the money, have no skills and probably don't know how their investment software works, it's all just some turn-key thing someone builds for them and they just rake in the profits
Just like the people that rigged the election did?
The system doesn't work how you think it does, it is set up to protect the wealthy, not jail them. It only jails the little guys and often for lesser crimes than the wealthy do.
however the market size of buy orders is being artificially constrained by the platforms that are banning them.
spez: it's like the election fraud where they don't have to interfere in all 50 states, just enough in some states to push things in the direction they want
Banning buy orders but allowing sell orders is a direct and illegal manipulation of the market at the expense of everyone who isnt an overleveraged cunt fund with a short position.
Isn't about money or fiat currency. This is and always has been about freedom.
Trump was the wrench we threw into rigged politics, until they took away our ability to vote.
GME is our wrench in finances, until they take away our ability to freely trade.
Only when they've taken away everything will people wake up and fight. It's about tricking the system into showing everyone just how tyrannical it is. Lets do a bank run next, so they can tell people that they're not allowed to hold their own money.
You mention the word "libertarian" with a negative connotation and they come out in full force. And they're surprisingly telling me I don't understand the philosophy (which only they think is complicated) because I'm saying they think a private company should be able to do what they want. All of a sudden, well it's complicated. Such a cringe philosophy.
I don't think it's libertarianism per se. It's that the conditions for implementing such a system is impossible. I agree with it morally 100% The government would have to be orders of magnitude smaller and less intrusive, and I think, like socialism, it ignores certain aspects of human nature that authority must constrain. A system could work in the micro, with a group of folks who all had a likeminded purpose and integrity.
Ayn Rand's biggest flaw was that she thought people were rational. Most people are not. When shown the error in their thinking or ideology, most dig in and become more irrational.
You can't look at the American populace and feel very hopeful. These people aren't gonna take a moral stand by voting with their dollar. They're gonna buy cheap junk from China and whatever Fritos flavor their favorite artist is shilling that week.
He was making a comment about the Uniparty (vs Libertarian). True, libertarians support the ability for collusion - but they don't support collusion. They identify it and cease to do business with companies of low integrity. It's a short term loss but long term, it exposes and destroys bad businesses.
Guess I should've been clearer. They support the right of Robinhood to do this. Although from the self-proclaimed libertarians here, they have apparently become Statists on this issue and want to wield the power of The State to force a private company to do business with people. Pretty convenient. If I was still libertarian, I'd go down with the ship and say, yes, this is a failure of the free market and it would hopefully correct itself if not for The State. I've spent a long time arguing this shit. But the libertarian here just flip flop quick. Sad!
Libertarian party is full of people that are not libertarian because no one votes for the party. We’ve been getting convinced that voting republican makes our voices actually get heard lol.
This is truly amazing! The left is so busy seeing this as a Trump win that they are thinking this is a leftist loss! But in reality this is the biggest leftist victory in decades, the little guy is winning, wealth redistribution is happening, and the left is too busy winning about a Trump win to be happy. They would literally eat a turd if Trump said it would be bad for them.
The Feds thought it was no problem for hedge funds to short 120% of the float of a stock. But when the little guy sees the imbalance, then takes advantage by taking the other side of the trade it's a problem ? The hedge fund options expire tomorrow and they are getting squeezed big time. They created their own problem, not the little guys squeezing them..
Fuck robinhood. I pulled my money out and when it settles i close account and delete app. Cancel culture works both ways. Fuck these bottom feeding fucking faggot communists.
The MSM and the entirety of the rest of the tried like mad to crash the economy for 5/6s of 2020. I can see wanting an explanation of why they are trying again, but it comes as no surprise.
They didn't just try, they did....and at the LOWEST dip of the day too. Actually lower I think. Lowest value was $126, highest value was over $490. They forced people to sell at $108!! You can't tell me that shit wasn't timed and rigged. No bailouts for hedge funds, only hard long prison time!
What I find the most striking about all this is it is like some higher power is showing regular people just how they are controlled they are and how the game is rigged.
I am not even religious but it should be clear to everyone with at least an average IQ that we are just cattle for the corrupt aristocracy that owns us.
How About the Judge in Virginia who ruled that the late ballots that came in were illegal, but there was nothing that can be done now and there is no remedy.
Then please tell me why they draw a paycheck for a f'en "opinion" that means nothing.
Can anyone clarify for me what the big govt had to do w this? It seems they have their hand in everything, I don’t doubt that they already do; but I can’t see it. Before I share this I want some facts with me.
Because there is no reason why Robinhood would block people from buying stocks on their own. They have no skin in the game. Someone powerful made a phone call to Robinhood's CEO.
This is a system that will eventually collapse. It may be slow and gradual, but if people are becoming more and more aware of how rotten it is, there will be no trust among anyone and it can only either end in absolute tyranny or a bloody revolution.
Stonk normie here, does this affect those of us with 401k funds at all? Or does it only have to do with the calls or shorts these large investment firms deal with?
Any good alternatives to Robinhood you guys could recommend?
Feel kind of bummed out that they all cucked and shut down. Not sure if it was fault of their own or SEC blackmail or some threats from these Wall Street types hitmen or some shit. Haha
When the elite lose money, we bail them out. When the elite get outgamed by small investors, throw the small time players in prison.
And that was pretty much the entirety of Obama's first term. Here is a fuck ton of money now give it to the elites and the big time losers and we'll say you turned the country around.
We ar nothing but Tax Slaves.
Sad but true
more like tax whores or revenue sluts.
Biden: "Hold my Alzheimer's meds"
But don't call it Trickle Down, no matter what.
"Trickle Down" works when it comes to across the board tax cuts. It doesn't work when it comes to bailouts, or niche tax cuts.
Don't leave out W.
Oh I don't but he is also not the one getting credit for being an amazing Pres and saving our economy. But yeah, the Bushes are full on shit bags and we all know it.
In prison for what? They are allowed to buy stocks. You are allowed to discuss stocks. If not, Jim Cramer must be going to jail, as he has an entire show talking stocks...
The elite gambled and lost. Too bad. Now lock up Nancy Pelosi for her corruption and insider trading.
They shut down trading of multiple stocks for retail investors and the hedge funds can still trade them. Fucking Merica.
Libertardians be like "hey man its muuh private company, they can completely fuck you over if they want. Just start your own collection of trading platforms"
You literally have to support Robinhood shutting down trading. The fairness or unfairness of the overall stock market has no bearing on this.
Robinhood IS the new competitor. They navigated federal regulations and became successful because of the Almighty Market.
But to be clear, you now support The State regulating a private business? Seems kinda statist to me. Using your logic, that one cannot hold anyone accountable to libertarian ideals because of the unfair conditions of the market, then what's the point of libertarianism? This is the pacifism of the ideology I don't like. Libertarians just want to be the person saying "I told you so" as the world burns. I want to prevent the world from burning. Fundamental difference.
And when it comes to a private company doing something wrong, I don't need to play logic games about the unfair conditions to justify my beliefs. There are universal truths. There is wrong and right. I wouldn't support this under fair or unfair market conditions.
How about the baker? The market is unfair, so by your logic the State can force the baker to bake a gay cake, right?
I do enjoy the philosophical discussion. Not enough of it.
How does robin hood shut down trading?
They and other trading platforms have made it so you can't buy Gamestop and some other stocks.
And? What if you don't use them? Or is the problem the regulations in place that you have to go through some sort of middle man like Robinhood to be able to purchase it?
Cause apparently India, who doesn't use them, just bought up the stocks.
Libertarians are not like that, fuck you.
Libertarians want economic freedom for everyone.
Lol I was a libertarian for almost 2 decades. You absolutely support Robinhood, a private company, halting trading whenever they want. That's libertarianism. "Well as long as they had some asterisk deep in their 25 page Agreement and you signed it....I mean, just make your own trading platform."
You worship the market.
In fairness to the libertarians (yuck, just threw up in my mouth a little.... j/k lol).
Seriously, in fairness to them, in their world, none of these hedge funds or corporations would have become big enough to control the markets and amass trillions, and therefore, none of them would have become too massive to challenge. In that world, you really could solve the problem by making your own trading platform and increasing competition. The problem with that is that human nature doesn't really work that way. Competition is not an arbiter of equality, it's a method to determine winners and losers. Yes, corruption allowed the government and the already powerful to pick the winners who are now and have always been exploiting their influence, but in absence of that "help", a select few are still going to rise and exploit their influence. The only difference is who is doing it and through what means they rise to power. It's still probably going to be some rich guys because they'll have a head start.
Perhaps we need some sort of economic bill of rights that protects the minority in terms of economic influence.
Libertarians have generally the right idea, where they fail miserably is that they want to get there from where we are instead of realizing at best you can slowly move in that direction.
Sure, in a world where costumers understood their own power and personal responsibility was a thing it would make sense to have way less regulation. But to pretend we are at that point and that whatever shit this companies pull can be justified because they are private companies is absurdly naive. They can't be allowed to abuse the system, rig everything and then play the free market card so they can get away with anything.
I agree, that's why I'm here and not some libertarian site
I'd argue that premise, hard.
I sympathize with the philosophy. I really was a hard-core libertarian for almost 2 decades. But it's honestly just cringe and dumb. Never thought I'd be saying it but I am. It's just an immature, pacifist philosophy and, of course, look at WHO created it and it starts to make sense.
Thanks for telling me what I support, and alienating our natural allies.
You haven't refuted it. I tell you what you support because you apparently don't understand it.
And they're not our natural allies. Classical liberalism is a pacifist, cucked cancer.
I support maximal freedom for everyone. Equality of opportunity. Minimal government where-ever possible. Abolishment of the fed, social security, handouts. Legalization of anything that doesn't hurt others, even if it may be harmful to the individual. My body, my choice - when that body really is your own body and not that of another unique living human.
Pacifism in third-party wars, full aggression when threatened by other countries.
The party, like all political machines, is fucked, but the libertarian ideals are pretty similar to the patriot's causes. We want an end to the swamp and their interference in our lives. Consider how many gadsen flags were at Trump rallies - it was the third most popular flag after USA and Trump.
They may want to go further than you, but we all agree on the first several steps and the direction we should try to go in.
That's a broad brush you're painting with there
Crazy to suppose libertarians support a private business choosing not to do business with someone. What a wild theory.
Yeah the broad brush of adequately describing a political philosophy.
No you weren't. You're only here to cause a divide. I'm a libertarian and a proud supporter of Donald J. Trump. You are just a piece of shit shill and no one should take you seriously. The only idea you have that's genuine is trash talking a large group that supports this community, even when and where we differ, and the Trump family.
That you are doing this by making up bullshit I don't believe then applying it to me tells me all I need to know. You walk and talk like a two faced democrat.
REEEEE So saying libertarians support private companies doing what they want is apparently wrong. Get the fuck over it. Suddenly libertarians want The State to step in to stop private company Robinhood from doing something? Very principled ideology you got there. Put on your big boy pants and take some shit talk. And no, vast majority of libertarians do NOT support Trump. I know because I was a hardcore libertarian up to 2017. Their weakness redpilled me. I can talk circles around you about libertarianism. Hayek, Rothbard, Tom Woods, Stapleton, Rand, Paul, Friedman, Mises, Hoppe were my favorites. I was just like you, crying like a bitch when someone insulted libertarianism. Then I finally matured and realized it's a cringe ideology. The reason I am so adamant about shitting on it is because modern conservatism has turned into the cancerous classical liberalism. And it's why the left is winning
But yeah dude. I'm just a shill. The elites are terrified of the pussy libertarian philosophy of "roll over and let your enemies win" so we try to divide and conquer. Couldn't be that someone just thinks your political philosophy is dumb.
There's no excuse for trying drive a wedge. This is how I know you're a democrat.
MAYBE... maybe you don't think you are. In which case, I very much doubt your belief system differs from theirs anyways. Everything you're writing here sounds JUST like some fucking liberal I argue with. Of course you will huff and puff around trying to say otherwise. Won't change that if we really got into it you'll look more and more like some neoliberal consoomer.
So, suck my dick. You have no value I can find.
open borders and globalism are also part of the muh free market that the libertarians defend
Look into the Early Life of libertarianism and it starts to make sense
Exactly what a low IQ Libtard would say.
Lmao
Absolute insanity!
Depends. If you have fuck you money then hold on.
Right it down, they will end up finding reasons to arrest some of the WallStreetBets folks, even if unrelated to this.
"Looks like you posted a disrespectful meme in 2015 and pirated a movie in 2013."
Yes. You aren't wrong.
They will, and they’ll go to federal pmita prison for fake “process crimes” like they pulled on Flynn rather than any actual crime.
I’ve seen EVERYONE come together under the “fuck the hedge funds” umbrella, so I would HOPE we could use this opportunity to really red pill some people on what we’ve been saying all along about the fact that there’s no two party system: it’s uniparty and they all succeed based on the bullshit they act like they support for you. And then the media protecting these hedge funds from as much bad press as possible. Hopefully, these idiots will pull their head out of their ass and realize the everything Trump said about the fake news is right. They are NOT there to inform you for your own benefit. They’re there to spin a story based on what they want you to believe.
But alas, orange man bad > logic and reason.
PRIVATIZE the gains, SOCIALIZE the loses, we are just debt slaves to them
Robinhood is actually the Sheriff of Nottingham!
lol I love that he used the hashtag GMEtothemoon :D
Sucks, but DJT Jr is right. Fuckers had their effect: https://patriots.win/p/11SKBvS1ep/
(actually down to $153 now)
Buy the dip 🚀🚀🚀🚀🚀🚀🚀🚀
err, the retail brokerage houses largely won't let you.
Etrade, ameritrade (i think) and revolut
More brokerages just shut it down, etrade is NG
Fidelity FTW
Only Commiehood took them down. Charles Schwab still works
Hate that he used redditarmy though
Redditards: WTF I love Don Jr. now???
I cant wait for normies to start begging for trump back
It’s already looking that way with all the unions now forced to backtrack after backing Biden and everyone losing their jobs lmao
Actual photo of union reps addressing their members about financially supporting (D) next "election" after Biden cancels their jobs.
They won't. They've been brainwashed into believing his is the devil. They will be calling for Sanders or some other crackpot. What they will really end up getting is Harris and then look the fuck out.
If they do a recount and shenanigans are found, they'll both go to jail as will a BUNCH of dems. If they don't get shot for treason.
They Military will look at that and go 'uh fuck no.'
And while I know the Brass at the Very tip-top is corrupt, there are plenty of colonels and 1-stars that are not. There are very simple and easily available solutions on a military base for removing people that subvert the constitution and don't think it hasn't been discussed.
I unironically want Biden's admin to crack down on what WSB did. Reddit thinks they're sticking it to the rich white man and I'm sure they're circlejerking hard all over Reddit. Please let Biden come shut it down for Wall Street. Hurr durr maybe we're the baddies??
Biden is doing polls right now to see what side he's going to choose. Meanwhile the MSM is going to keep trying to influence against the little guy.
I bet he won't even react to this until at least next week.
FTFY.
Imagine if he bailed out Wall Street. I'd die.
Best case scenario for us. Red pills can be given as an anal suppository.
The covid anal swabs weren't enough.
The silly headlines from the media (like "white supremacists" manipulated the stock) should open a few eyes. If they're making up lies like that, what else have they been lying about? So sure, let Biden's admin crack down in favor of their Wall Street sponsors, open a few more eyes. Some people have to learn to hard way.
The same people who believe in white privilege and material racism won't bat an eye at those headlines. They're so brainwashed at this point, they burp soap bubbles.
I wish I could explain this to people. I’m a CPA and attorney with a focus on securities and complex corporate transactions. I don’t do this work anymore bc it did not sit well with me. I explicitly remember working on some BS engineered financial instruments right after the bust in 2008, thinking “these a-holes learned nothing. They don’t care.” I’ve sat on the calls. I’ve read the emails. I’ve worked on the transactions. I’ve been counsel to politicians. It really is rigged, and the “powers” know most of what they are doing is over the head of your average person.
I wonder if Martha Stewart is still steaming from her prison sentence, because since then, we have watched a lot of people do much worse and walk without so much as an investigation.
That dude is such a great example.
His biggest sponsor is literally a financial auditor.
Gets busted for insider trading. Gets to work out a sweetheart deal and somehow keeps his sponsorship.
Literally wears the same hat and nobody has ever even asked him about it as far as I know.
He's a huge gambler in every arena. I've heard stories about his sports gambling losses. It isn't pretty.
Not to mention his shiny golf shirts always highlight his nipples protruding. Very very disrespectful!
One of his nicknames is Nips. For real.
Link to "Fuck Twitter!" - https://twitter.com/DonaldJTrumpJr/status/1354793103090212865
You can short too. The issue is naked short selling, which is illegal, but they look the other way for Wall Street.
Naked short selling is not illegal, literally anyone can do it. It is a risk that has a fixed maximum upside with unlimited downside though.
seriously wtf is he talking about. Naked selling options is stupid most the time, but definitely not illegal
Selling naked options and naked shorting are not the same thing.
Naked shorting (which is illegal) is the practice of short selling shares that have not been positively determined to be obtainable by the short seller. In the case of GME, the short position was at 140% of the total shares outstanding, so at least 40% of the shorting had to be naked shorting.
These hedge-fund fucks got greedy and instead of getting burned, they're getting bailed out by the brokerage houses.
So as long as I'm wearing underpants I can trade?
if you are shorting shares that DO NOT EXIST, then yes, that is illegal.
I agree but that isn't "naked short selling" That is double bad naked short selling.
Naked short selling is usually used when referring to selling calls/puts when you don't have a position in the underlying stock which can create exactly the scenario of over 100% effective short position.
I get it, but we are talking 'legal' under color of law, they arnt really allowed to do what they did in this scenario. A guy like Melvin calls his buddy at JPM and borrows whatever he wants even if it doesn't exist, where as Foreign Aid is Theft tries to do that and JPM says "sorry bud, no shares available." When Melvin gets in a bind he gets to put out hit pieces and lies on CNBC, call up the exchanges and tell them to halt so he can figure out how to cover, and trade back and forth with the market makers to make up for his fake and real shorts et cetera. When Foreign Aid is Theft calls the broker and says "help im losing money" they say "lol investments carry risk dumbass."
The regulatory bodies look the other way because they all want to work for GS or whatever later and dont want to cause trouble, so as long as Melvin makes sure the books balance out at a later date then its all good.
If Melvin ends up looking like he will actually fail, the Fed will swoop in and declare that they must help because otherwise the entire economy will collapse or whatever bs excuse they use.
Yes, what you are describing is what we are all pissed off about:
Regulatory Capture
Even 2008 was the same. They created synthetic products with AIG, Merrill, Goldman Sachs, Bear Stearns and Lehman that took a very bad housing market and nearly created financial Armageddon so they could make some "bets".
Regulatory capture, there you go, the term I didnt know, but was looking for. Thanks!
It's called a free market. Participants are free to enter into contracts on voluntary terms. That includes speculation.
Nah, wallstreet isnt a free market holy fucking delusional as fuck.
A. They get bailed out, you don’t
B. Only “sophisticated” investors get access to certain stock.
Lmao
Craigslist is a free market.
C. Startup funding is generally only accessible to “sophisticated” investors. They are the ones that enjoy the explosive growth that can happen in the early days.
I never understood the early morning trading window. Hedge funds can trade for, what, 30 minutes before anyone else?
You have completely misunderstood, and you have embarrassed yourself.
Darkheartisland is not saying that the markets arent manipulated or that the bailouts are fairly distributed.
They are saying that the reason short selling exists is because people are free to enter into contracts of their own choosing.
Craigslist is awesome
https://mises.org/library/dont-sell-short-selling-short
Short-selling has it's place. When the whole world goes mad buying up sub-prime mortgages or tech stocks or tulip bulbs or some other nonsense, shorting provides an opportunity for bears to make a profit on their speculation that the market is grossly over-priced instead of simply "choosing not to buy".
The whole system is rigged to blow bubbles. Short-selling is one of the few ways that realists can pop the bubble and bring the market back to it's senses.
That's not to say that short-selling is always good, but it's not always bad. That they are regularly painted as the bad guys by the global elite should tell you that they provide an important service.
Day traders do it all the time as well. Normally (at least in a bull market) it's a sure way to lose money, unless you have some insight or inside info that makes it a certainty that the stock will drop.
In Biden's America, it made sense - he's fucking the economy, retail is way vulnerable right now, so they short some dinosaurs about to totter off the cliff and die in order to make a few bucks. Reddit's WSB forum catches this, hatches an awesome plan to make zillions by driving a bubble, then manages to pull it off.
Short selling Gamestop was the right call, they just overdid it.
Well, some people who offer to lend stocks speculate that people will take it and fail to predict a decline, thus get their stocks back at a higher value.
In essence, all of this is on a voluntary basis - the rigging comes in play when the media plays along and fearmongers generic people into selling or motivates them into buying. Or when there is insider information - or worse: You are a politician and you or your buddies are enacting laws that heavily impact the economy in a way where you can invest before it is known.
All speculators effectively gamble with each other, it's just that the well established, generally richer people have unfair connections and access to knowledge. And worst of all: The law does not apply to them - they can literally do things that are illegal for generic people and consistently get away with it.
Seriously - the USA has a "justice system" that protects the criminals and punishes the innocent. This is not new, it just exacerbated over time.
The spoiled degenerate pedo elite is asking for a lynching...and it's coming, because they get what they fvcking deserve!
This claim regarding rigged markets is dispooted
I applaud the "attack" on GameStop. So sick of hedge fund managers raking in big bucks just because they have a system to short-sell stocks and you have to have millions already to invest and be part of "the club" to even do it. Some of these people literally do nothing to earn the money, have no skills and probably don't know how their investment software works, it's all just some turn-key thing someone builds for them and they just rake in the profits
People at ROBINHOOD ARE GOING TO GO TO JAIL.
FTFY
Just like the people that rigged the election did?
The system doesn't work how you think it does, it is set up to protect the wealthy, not jail them. It only jails the little guys and often for lesser crimes than the wealthy do.
Enron got hammered... and all the CPA's in court stated Enron did nothing 'illegal'
BuT iTs tOo SaVe ThE LiTTle GUY!
But they're nazi's!
...does this mean they're locking-out anyone from selling GME? If so, a lot of ordinary people are about to get fucked.
No, You can sell but you can't buy.
RH cancelled my orders I put in for GME last night. Today it is banned.
That's absurd. That is market manipulation. You can only sell a stock, but not buy it. You've gotta be kidding me.
How can you sell if nobody is allowed to buy?
not all platforms are stopping buy orders
...
however the market size of buy orders is being artificially constrained by the platforms that are banning them.
spez: it's like the election fraud where they don't have to interfere in all 50 states, just enough in some states to push things in the direction they want
Melvin got bailed out by Citadel. Citadel owns the RobinHood app.
Robinhood is buying the stocks for those that are panic selling.
Good to see they didn't totally fuck over their customer base... thank you for letting me (well, everyone) know.
They did fuck over their base.
Banning buy orders but allowing sell orders is a direct and illegal manipulation of the market at the expense of everyone who isnt an overleveraged cunt fund with a short position.
Precisely. I didn't expect it from the likes if IKBR and Robinhood, but I'm not really surprised.
The Melvin capital hedge fund got bailed out by Citadel for 2.5b.
Citadel owns the Robinhood app.
Robinhood won't allow anyone to buy GameStop, but only sell it to Robinhood, aka back to Melvin.
Right. Unless I'm missing something, people who bought this stock at $20 or more per share are about to lose A LOT of their investment.
Isn't about money or fiat currency. This is and always has been about freedom.
Trump was the wrench we threw into rigged politics, until they took away our ability to vote.
GME is our wrench in finances, until they take away our ability to freely trade.
Only when they've taken away everything will people wake up and fight. It's about tricking the system into showing everyone just how tyrannical it is. Lets do a bank run next, so they can tell people that they're not allowed to hold their own money.
That would be amazing.
They'll deny withdrawals if it comes to that.
Good! haha
A C C E L E R A T E
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They've locked AMC, GME, and Nokia. I think another.
BB?
This why small government is key. But we’re busy pretending republicans and democrats are different parties fighting for us.
Lols
Libertarians all the way baby!!
Try independent and yes I agree with the whole fuck the 2 party system. Its a joke at this point.
Independents are just coward who pretend like they don’t have a side to sound sophisticated.
I think all Americans should be independent. don't let your enemy know your numbers!! They will never see it coming. Keep them on their toes.
Libertarians unironically support Robinhood shutting down trading and the collusion of all these private companies.
Agreed. It's not very libertarian when all of these companies are allowed to manipulate and backstopped by the guns and force of the government.
You mention the word "libertarian" with a negative connotation and they come out in full force. And they're surprisingly telling me I don't understand the philosophy (which only they think is complicated) because I'm saying they think a private company should be able to do what they want. All of a sudden, well it's complicated. Such a cringe philosophy.
I don't think it's libertarianism per se. It's that the conditions for implementing such a system is impossible. I agree with it morally 100% The government would have to be orders of magnitude smaller and less intrusive, and I think, like socialism, it ignores certain aspects of human nature that authority must constrain. A system could work in the micro, with a group of folks who all had a likeminded purpose and integrity.
Ayn Rand's biggest flaw was that she thought people were rational. Most people are not. When shown the error in their thinking or ideology, most dig in and become more irrational.
You can't look at the American populace and feel very hopeful. These people aren't gonna take a moral stand by voting with their dollar. They're gonna buy cheap junk from China and whatever Fritos flavor their favorite artist is shilling that week.
He was making a comment about the Uniparty (vs Libertarian). True, libertarians support the ability for collusion - but they don't support collusion. They identify it and cease to do business with companies of low integrity. It's a short term loss but long term, it exposes and destroys bad businesses.
Guess I should've been clearer. They support the right of Robinhood to do this. Although from the self-proclaimed libertarians here, they have apparently become Statists on this issue and want to wield the power of The State to force a private company to do business with people. Pretty convenient. If I was still libertarian, I'd go down with the ship and say, yes, this is a failure of the free market and it would hopefully correct itself if not for The State. I've spent a long time arguing this shit. But the libertarian here just flip flop quick. Sad!
Libertarian party is full of people that are not libertarian because no one votes for the party. We’ve been getting convinced that voting republican makes our voices actually get heard lol.
"No" to Libtards!
????
The Presidential election is rigged why not the stock market? Lol @ Reddit thinking they’ll sue. No standing!
Ameritrade isn’t letting me login to my account. Are they shutting down everything? I think Market Watch is down too.
and Don Jr is on Bigtech screaming about rigged system 🙄
We all cancel our Facebooks and Twitters, but not the people supposedly fighting for us. They're too busy enjoying upvotes and owning the libs.
I know. It's ridiculous. I've replied to Mark Dice on his Gab account with "dude why are you still on Bigtech?"
Dave Portnoy is one of the current most influential people in America.
To faggots, maybe.
Big daddy GEOTUS would not stand for the shit going on today. Would have been fixed immediately. He knows stocks, he knows wall street. Fuck.
How do we know he wasn’t a major player anon behind this whole movement??
Suggesting what?
What we have learned from Donald J Trump:
I'd say "8. When you're famous, they let you grab them by the pussy.", but I learned that one long before GEOTUS was heard saying it.
God Wins.
Brietbart Method/Project Veritas: Drip Drip Drip your incriminating information and make them eat their denials each time.
This is truly amazing! The left is so busy seeing this as a Trump win that they are thinking this is a leftist loss! But in reality this is the biggest leftist victory in decades, the little guy is winning, wealth redistribution is happening, and the left is too busy winning about a Trump win to be happy. They would literally eat a turd if Trump said it would be bad for them.
The Feds thought it was no problem for hedge funds to short 120% of the float of a stock. But when the little guy sees the imbalance, then takes advantage by taking the other side of the trade it's a problem ? The hedge fund options expire tomorrow and they are getting squeezed big time. They created their own problem, not the little guys squeezing them..
RIGGED ELECTION
Cuckservatism
We're actually teaming up with AOC on this, apparently.
Populism is the future.
The system is actually rigged. This is crazy
always was
Fuck robinhood. I pulled my money out and when it settles i close account and delete app. Cancel culture works both ways. Fuck these bottom feeding fucking faggot communists.
DTJ 2024
I'd love to, but years ago I made a commitment to never support and national candidate from a political family.
We had the Kennedy family, the Bush family and the Clintons.
I love Don Jr., but I'll never support a political dynasty.
He can have a huge impact if he keeps doing what he's doing.
true and saved
The MSM and the entirety of the rest of the tried like mad to crash the economy for 5/6s of 2020. I can see wanting an explanation of why they are trying again, but it comes as no surprise.
They didn't just try, they did....and at the LOWEST dip of the day too. Actually lower I think. Lowest value was $126, highest value was over $490. They forced people to sell at $108!! You can't tell me that shit wasn't timed and rigged. No bailouts for hedge funds, only hard long prison time!
But an election could never be rigged!
Yeah! 0bama said it couldn't happen, and as we all know, disagreeing with him is racist!
Yeah, saw one on Nov 3rd, too.
What are the Asian normies waiting on, take down the CCP market
What I find the most striking about all this is it is like some higher power is showing regular people just how they are controlled they are and how the game is rigged.
I am not even religious but it should be clear to everyone with at least an average IQ that we are just cattle for the corrupt aristocracy that owns us.
Remember how long it took the working class to get help when the government shut them down cuz of big rona?
How About the Judge in Virginia who ruled that the late ballots that came in were illegal, but there was nothing that can be done now and there is no remedy.
Then please tell me why they draw a paycheck for a f'en "opinion" that means nothing.
Can anyone clarify for me what the big govt had to do w this? It seems they have their hand in everything, I don’t doubt that they already do; but I can’t see it. Before I share this I want some facts with me.
Because there is no reason why Robinhood would block people from buying stocks on their own. They have no skin in the game. Someone powerful made a phone call to Robinhood's CEO.
Cock sucking commies.
This is a system that will eventually collapse. It may be slow and gradual, but if people are becoming more and more aware of how rotten it is, there will be no trust among anyone and it can only either end in absolute tyranny or a bloody revolution.
straight to jail with my gme shares pmsl
They are all getting exposed, Americans on both sides are opening their eyes
Is it not clear to you yet? You're not allowed to win.
Stonk normie here, does this affect those of us with 401k funds at all? Or does it only have to do with the calls or shorts these large investment firms deal with?
probably not, 401k’s are on the other side of the risk tolerance spectrum than people who are short squeezing a large hedge fund.
Even AOC simps should agree with this.
Any good alternatives to Robinhood you guys could recommend?
Feel kind of bummed out that they all cucked and shut down. Not sure if it was fault of their own or SEC blackmail or some threats from these Wall Street types hitmen or some shit. Haha
hears Schwab was still trading it
I hear fidelity is still up, but it takes days to approve your account.
The SEC should look into Robinhood, the hedgefunds, corporate media for market manipulation hurting small investors.
Robinhood, steals from the deplorables to give to Wall Street hedge funds.
everything is set up for the big players....... set up and get squashed these old timers have it locked
Unfortunately we have a generation that will do absolutely nothing about the sham election or the crooks on wall street! Change my mind!
Trump supporters only, fuckface
No
Patriots fuckface.
Go back to your fake q promises and other sellouts.
We are here to actually get AMERICA FIRST done not just talked about and then abandoned when it counts.