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This man has the right take on this situation. It stunk to me from the beginning, especially considering that prop Elon Musk's heavy hand in the 'power to the people' shit.
I have been asking myself this question: finance subs like wallstreetbets have been with us for years. Why is it just now that we are seeing a group get together and 'meme' a squeeze like this? Theoretically the ability to communicate as groups between intelligent retail investors has been there for years. Why hasn't something like this happened before?
It is an interesting question. I cannot come up with any answer that explains why such a thing would not have organically arisen sooner in this meme culture that's been with us for some time.
I agree with you, but I just don't believe that we will have any hand in what replaces the current financial and political order. The replacement has been planned for years, and there are at least two things working against the people dictating things for themselves:
(1) the typical person lacks the skills, knowledge and fortitude to ride out any kind of latency in forming a new economy; this refers to self-sustenance in lieu of the current system crashing without an immediate replacement
(2) if you asked 99.9% of people what we ought to do instead, they'd have no rational answer; people today are cattle that are guided through the farm of life by a certain status quo
It is "possible" that this short squeeze spawned naturally. It is also possible that it happened now because more people have been awakened in the last few years than before. These people then got together and wanted to do this suddenly.
The problem is that I no longer see it wise to allow even a single atom of my being to doubt the powers of influence the system has at its disposal. And on that note, it is interesting to see how the MSM is not blacklisting this story. This tells me they want the public to take down this Emanuel Goldstein figure that is this hedgefund. They want this to happen and because of this the only question worth pondering is "Why?"
If you know the larger agenda and goals it's easy to see they want a controlled demolition of the US Economy. Think of it like this. When they orchestrated 9/11. They could have chosen to simply put enough C4 into the buildings to ensure they collapse. But THAT'S NOT WHAT THEY DID. What they did instead was to put CONSIDERABLE effort and resources into bringing the towers down in a controlled manner. Ensuring they only had the collateral damage they needed or wanted.
You're depressing me bro. Why? Because I know you're right.
Don't worry I get that a lot. My advice is not to worry (youtube.com), all you can do is control your mind (hooktube.com) and your thoughts and do your part, however small. It's all just a choice.
It’s only possible to perform a squeeze like this right now because this is the first time they’ve been that organized at the same time that a hedge fund has been that spectacularly stupid. Melvin and others took out enormous short positions, and advocated very publicly to screw a struggling company so they could make money.
It wasn’t hard to get a coordinated effort to fuck over some asshole bankers and make a shit ton of money doing it.
That’s why just now. It was a convergence of a lot of factors that doesn’t happen often and won’t likely happen again.
I don't think this is grassroots even though it's being portrayed as such. B1-66ER above asks a very pertinent question: why isn't the MSM burying this story? Why instead are they trumpeting it on every financial channel out there?
This is classic example of herd manipulation and demoralization. A few billion here and there is NOTHING to the TPTB. Having a hedge fund manager literally cry on TV and say he's upset because he "cares" is the elite mocking us. You have to understand, these people are narcissists and psychopaths that get off on shoving increasingly unbelievably ridiculous stories down our gullets. They laugh when we move in the direction they know we'll move in. It's a game to them.
Read billionaire Cohen's tweet that says he's just a guy making a living:
All of it is pure theater, written in Langley. I don't buy this wsb shit for a second. That doesn't mean there isn't money to be made in the squeeze but then what difference will it make when the dollar collapses?
These wsb people aren't in it for the money.
I believe many of us want the dollar to collapse already.
This interview was in 2019, not recently.
Why is it just now that we are seeing a group get together and 'meme' a squeeze like this? Theoretically the ability to communicate as groups between intelligent retail investors has been there for years. Why hasn't something like this happened before?
Because never before has the vast majority of the world's population been forced into "lockdowns" for a year straight. What do you think those people were doing with the time they normally dedicated to work? Shitposting, reading, memeing, etc.. But they also had time to learn about things. To your average American, just saying the words "stock market" will send them into a tailspin of confusion- how does it work? What exactly is it? Most Americans don't have the time to research these things, because they were busy providing slave labor to the (((people))) who used the stock market.
But now, a handful of autists made sense of the stock market and trading in a way that a typical American can understand. And the government just handed them $600 of their own money back to them. So why not make an investment or two?
This is sort of "Occupy Wall Street 2.0", except it is actually effective and creating results besides looking ridiculous. With the OWS movement, people thought that their physical presence outside of the trading buildings, making a lot of noise and such would have an effect. It didn't. A decade or so later, those OWS folks have grown up and made some money.... and they understand things on a more mature level. This is OWS: The Revengening.
This has been tried multiple times before. This one just has more retail oomph behind it.
http://www.gotgoldreport.com/2014/08/remembering-the-2010-2011-silver-short-squeeze-graph-.html
(post is archived)