Is the GameStop phenomenon some kind of grassroots innovation to thwart Wall Street elites, in same vein as bullet-buttons and desktop CNC machines are innovation to thwart gun control elites?
Is the GameStop phenomenon some kind of grassroots innovation to thwart Wall Street elites, in same vein as bullet-buttons and desktop CNC machines are innovation to thwart gun control elites?
My colleague Glenn Harlan Reynolds chimes in the #GameStop event. https://nypost.com/2021/01/28/gamestop-insurgency-just-latest-rebellion-against-the-big-guys/
Hi Don.
The ‘smart’ people are saying this is being done purposely - run by very few people at the top - to completely collapse the market. It’s not just GameStop. They hit American Airlines and AMC Theaters stock.
As I’m typing this, it looks like they’re now going after silver via the SLV trading platform. (Note: I have some silver, but it’s all physical, not on paper.) Spot earlier this morning was as high as $27.05, (from $25.40), now at 26.70 (1050 Hours Eastern).
Tyler and the folks at ZeroHedge are following this a lot closer than the screaming mimis of the business #MediaJackal world where it looks like all they’re trying to do is defend their buddies, the (probably corrupt) hedge fund folks.
You think George Soros is propping up GameStop to collapse the dollar?
Hi again.
I don’t know enough (make that anything) about the players involved, especially ‘the little people’ supposedly at the helm of it all. I’m also not edjoomakated enough to understand the (almost assuredly rigged) game of short selling and where the money comes from to cover it.
Regarding Mr. Soros, my gut is telling me no, but his known goal is to destroy our nation as a sovereign republic. One year ago - 25 January 2020 - The Washington Times ran an opinion piece: George Soros, 89, is still on a quest to destroy America.
Is he capable of this level of instant mob-investment orchestration ? Probably. The one thing my gut is telling me though, it this was planned for ‘the right time’ when there’s a whole lot of other ‘distractions’ going on - like now with all the E.O.’s, ‘woke’ madness, China (including their ‘issue’ with Taiwan), Iran ramping up knowing they once again have a friend in our national government, etc..
To quote a passage from one of my fav books ever: “This business will get out of control. It will get out of control and we’ll be lucky to live through it.” — Adm. Joshua Painter, USN — The Hunt For Red October, by Tom Clancy ©1984 Naval Institute Pres.