Elites versus YOU – The Crescendo Begins to Peak
I have been following the GameStop/AMC/Nokia trading story for about a week, and I have loved every second of it. For those of you who are out of the loop, here is a quick primer. The credit for this goes to a twitter user Aaron D. (@MrBrownEyes2020) whose twitter thread can be seen here:
https://threadreaderapp.com/thread/1354517067240771584.html
Basically, a bunch of hedge funds were shorting Gamestop stocks and the intuitive individuals on the WallStreetBets subreddit started to pump the price up. As the thread above explains:
So for example:
Tim borrows Bob’s shares in GME, and sell them for $10, he pays Bob $1 to do this, and promises to give all of Bob’s shares back. Then, if the stock goes down to $5, Tim buys the shares back at a cheaper price. So Tim’s profit is $10-$5-$1 = $4 profit.
So that’s where we start. A hedge fund tried to force down the price of Gamestop, and short the stock. It usually works fine. It’s been done thousands of times, with no problems.
So they shorted Gamestop (GME) from $20, to $10, to $4. Their greed kept compounding. They kept doing it again, and again, for months. Making billions of dollars, and almost bankrupting this company. (shares and share price are used as collateral for loans and access to capital).
Enter Wallstreetbets- A trading/investing subreddit. Someone noted that these hedgefunds shorted 140% of all shares available. These hedgefunds were so damn greedy, they borrowed more shares than actually existed. That’s how arrogant and dumb they were. They borrowed 140% of all the available shares. It was literally impossible for them to buy them all back. So someone on Wallstreetbets realized this, and told everyone.
Now, the rule with short selling is that ALL those shares that they borrow, MUST be paid back. And so we reach our main story of how the hedgefund’s greed ruined them. Realizing that these hedgefunds shorted GME by a ridiculous amount, these Redditors (normal people like you and me), bought every share they could get their hands on. Driving the price up like crazy. Why?
Because these hedgefunds eventually (within a few months) HAD to buy all those shares back, at whatever price they could get them. They didnt have a choice. So for example, if they borrow 10 million shares, and sold them for $10. They made $100 million in immediate profit. But eventually, they HAD TO buy those million shares back. They didn’t have a choice. That was the deal they made when they borrowed the shares. So these Redditors bought the shares, driving the price up, forcing these hedgefunds to buy back at crazy prices.
Yeah, the hedgefund sold and made $100 million, but now they had to spend $1.4798 BILLION getting those same shares back. A HUGE FUCKING LOSS of $1.3798 BILLION.
The fallout from this has been, up to this morning, akin to B52 carpet bombing in the market. Wall Street has been getting pummeled and Main Street, for once, has been beating them at their own game – so much so that two hedge funds ate huge losses and got out. Publications like the Financial Times tried to link the WSB subreddit to the Alt-Right.
This is where the story takes a turn for the insane and turns from a B52 carpet bomb to an absolute Tsar Bomba.
This morning around 7am, I went on the Robinhood trading app and put a $300 buy order in for Nokia, which is one of the other stocks target by WSB (alongside Bed Bath and Beyond, Blackberry, and AMC Theaters). The purchase went through. When I went back to the app about a half hour later, THE APP HAD REMOVED THE ABILITY TO BUY NEW STOCK IN NOKIA, GAMESTOP, AND THE OTHERS I MENTIONED! Robinhood, who has “democratizing finance for all” in their Twitter profile, has basically committed suicide with consumers.
They were not the only to do so, however – TD Ameritrade also limited some stocks briefly yesterday and appeared to have done it again today. The kicker – Institutions were NOT RESTRICTED, only INDIVIDUAL INVESTORS on two of the most common “Main Street” trading apps out there today. By delisting those stocks, the prices have begun to fall back down. The rallying cry amongst those holding these stocks is to HOLD. By holding, it can resist the downward pressure on prices so that Wallstreet does not win.
The internet has exploded in anger. Investors like Mark Cuban are tweeting about the insanity of it, and the story has blanketed the financial news sector. Barstool Sports CEO and fellow investor Dave Portnoy received this text, which so far has the most valid theory on Robinhood. I definitely see a class action lawsuit coming down the pipes.
The controversy has also created strange bedfellows:
In addition, the movement has gone international, where these restrictions do not exist.
None of this should be surprising, however. We knew that the Suits on Wall Street preferred Joe Biden over Donald Trump by their campaign contributions.
As soon as Biden took office, he nominated Janet Yellen for Treasury Secretary. Everyone here should recognize the name, but if they don’t:
Yellen was a member of the Federal Reserve Board of Governors from 1994 to 1997 and again from 2010 to 2018. She chaired the Council of Economic Advisers under President Bill Clinton from 1997 to 1999 and was the president of the Federal Reserve Bank of San Francisco from 2004 to 2010. She served as vice-chair of the Federal Reserve from 2010 to 2014. In 2014, Yellen was nominated by President Barack Obama to succeed Ben Bernanke as chair of the Federal Reserve.[2] She served one term from 2014 to 2018 and was not re-appointed by President Donald Trump.
A look at Janet’s disclosures shows that she has been quite busy with Wall street.
This event has the ability to demonstrate to the masses that the system is absolutely rigged for the wealthy and politically connected, particularly those with crony ties to President Joe Biden. The size of this Red Pill MOAB truly cannot be understated. The Right and Left seem to finally have something they agree on – the system is rigged. This particularly applies to those who are not normally involved in politics. Indeed, the number of conversations I have had with people about this that are not normally paying attention to the system has been staggering. It is a great way to get people to wake up, and once the rest of Biden’s platform is implemented (energy cost increases, potential gas tax, increased entitlement spending for illegals, etc) and the system again shows that the game is rigged for a small circle of people – and you ain’t in it – it will further highlight the decline of the American Empire.
And, if any Wall Street elitists, Hedge Fund crooks, or related defenders are reading this:
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Priceless.
And now the whole world knows their grift.
It’ll take 4-5 years for them to build a new system.
The have to be breathing to accomplish that, now on the other hand dead people can vote /sarc
does anyone else think that the whole “speaking fee” scam is just buying influence? Is anyone worth the 10’s of thousands spent for these speakers? Pure corruption but made legal because all politicians make millions from it.
100% plus fake book sales. You think millions are lining to buy some book from some shit heel politician? Fuck no. Those books are being bought up by deep pockets and either warehoused or landfilled. Good way to hide the bribe though.
This x 100!
Or you just do it the Biden way, by making up some bogus “consulting” position for one of Yellen’s relatives, and “paying” them millions. It can’t fail, knowing that the DOJ is in on the scam.
https://www.congress.gov/bill/117th-congress/house-bill/127/text?loclr=cga-bill
https://www.congress.gov/bill/116th-congress/house-bill/5717/text?q=%7B%22search%22%3A%5B%225717%22%5D%7D&r=1&s=2
it looks like your crystal ball is right again,
Holding onto my Robinhood GME shares with an iron fist. Just bought some more on TD Ameritrade. I don’t care if I lose all the money just for a chance to stick it to em.
https://www.reddit.com/r/wallstreetbets/comments/l68ill/the_biggest_short_squeeze_in_the_world_slv_silver/
they are moving to squeezify silver shares and physical so now is a good time to stack some.
Good find. We know the silver market has been manipulated for years. Here is a great comment in that thread:
https://old.reddit.com/r/wallstreetbets/comments/l68ill/the_biggest_short_squeeze_in_the_world_slv_silver/gl0n1mm/
https://www.youtube.com/watch?v=qKSbaHBLSGg
silver squeeze is in effect apmex and many online sellers halted sales! unprecedented demand
Damn right!
The best two stocks for gold and silver – where the metal is actually certified to be in a real warehouse – is Sprott’s PSLV for silver or PHYS for gold.
A ton of the trading of gold / silver in the market has more open contracts than actual metal in existence.
And like you said, stack it high.
I’ve been hoarding silver for years even back when I was dirt poor and paying $800+ / month in student loans. Glad I got it when I did.
@ SOG & Patriotman, Excellent finds! Much appreciated.
Any thoughts on what might be potential strategies for someone interested in going this route? (SLV vs. PSLV vs. AG vs. Holding physical silver & which exchanges to use) (And, in the interest of making it as complicated as humanly possible, anything you like that would go towards protecting the downside risks?)
I like the idea of holding the physical silver. If I understand correctly, that will still help increase the overall market price of silver, thus contributing to the short squeeze.
It would also give you a source of physical silver to trade with, should you need it in a SHTF scenario, as probably every prepper that’s ever existed anywhere will tell you.
And you have the POTENTIAL to sell it on an exchange & make a profit if the price were to increase from the current $27 per oz Spot Price toward the estimated (unsuppressed) actual value of $1000 per oz. [a 37 x multiple sure would be nice!]
The issue with that last scenario is you’re taking a $30 loss for every 10 oz’s you buy, assuming this purchase of 20 pieces of ½ oz silver rounds (cost $300), for which the current spot price ($27) would be $270. https://store.firstmajestic.com/products/silver-medallions
Additionally, it looks like the shipping cost from the purchase & also the selling of the silver rounds would eat into profits as well – AND – finding an exchange that would buy at the spot price could also be an issue. A quick search turned up mostly sellers; the one I found that would buy was quoting a rate that looked to be about .50 cents per oz under the spot price. Maybe not huge deals, but I don’t much like having value siphoned off my money/investments.
Idk, something to ponder. There’s trade-offs to both I guess. Maybe there’s an advantage to the SLV/PSLV/AG play in terms of ease of trade & exchange, & profit taking; while there’s risk the value could drop, even going to zero or worse. (Also, I don’t love that the ownership of SLV & PSLV reads like a who’s who of every bank, financial house, & PE/hedge fund that’s ever existed, particularly when I’d prefer none of them benefit at all.) Conversely, holding the physical silver gives you a relatively stable store of wealth that’s immediately usable, but not as easily cashed in for profit as the stock would be, & costs you a bit of the profits every time you do decide to make that exchange. Fuuuuck… Is it time to shoot the bastards in the face yet? This shit takes too much of the ole thinkin’ meat.
I’m starting to feel like AP needs a Financial Warfare Division… I mean a Financial Research Division. Cause we don’t want to hurt anyone, even when they deserve it. Hugs not slugs. That’s my motto. I’m all about the love.
i would go with PSVL vs SVL – i read blackrock is all in SVL so it is likely their books are cooked. for physical PM’s find a local dealer. buy bullion not numismatics. I was in a shop yesterday there was a line and some guys were spending a few grand on silver gold
https://www.youtube.com/watch?v=QOtUDNIBWvw
i like the idea of physical Pm’s it cannot be nationalised and disappear overnight, PSVL is located in Canada and i dont trust their globalist govt.
It’s just money laundering by any other name.
prepaid bribery is what it is, that way when they get in office it doesnt technically count as graft
To hell with all the international bankers.
“The Rothschilds have conquered the world more thoroughly, more cunningly, and much more lastingly than all the Caesars before…”
— Frederic Morton
“Money is the god of our time, and Rothschild is his prophet.”
–Heinrich Heine
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
–Henry Ford
“Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves.”
–Andrew Jackson to the Second Bank of the United States
“Banking was conceived in iniquity and was born in sin. The Bankers own the earth. Take it away from them, but leave them the power to create deposits, and with the flick of the pen they will create enough deposits to buy it back again. However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of Bankers and pay the cost of your own slavery, let them continue to create deposits.”
Sir Josiah Stamp President of the Bank of England in the 1920’s, the second richest man in Britain (behind Lord Rothschild of course)
Clown world indeed.
This has been a helluva story. It’s about the only hope I have had that we got a shot since the wind was knocked out of our sails Jan 6. I have been contemplating what we can do to win hearts and mind without turning people away from the fight. I don’t expect the majority to fight along side but we need them clapping for rebels even if it’s quietly. I don’t think we can go on the kinetic offense until we do. What happened in this shorting fiasco tells me we are indeed not hopeless. New kind of war, new guerrilla tactics……fantastic stuff!!!!
A sight to behold. With Trump out of the picture the citizens of all persuasions can now see our common enemies. Humans are getting a crash course in reality. Fourth Turning indeed.
Silver is their Achilles heel.
Physical silver, that is.
Yes sir. Enough people take delivery and it’s on.
What else is going to wake the people the F up to these filthy global Commie pigs…
Lol, I love it. This has been a sight to behold. Finally, Im smiling :)
Dont be fooled…this is all BS. The big boys have the ability to reverse trades, and other, so dont be TOOO happy. Im sure there is some pain here and a few trade desk jockeys will have their bonuses capped but the ocean is deep in the trading world. Algos run most all of the trading these days and there are very few traders with a pulse only machines. As soon as that short flipped the algos caught it and put on a “reverse” trade to offset the loss. THEY dont lose money, and if they did you damn well would never hear about it. This is as much theater as DT was. This headline is too soothe the prols to feel like “we are all in this together” as “we can lose money just like you.”
What this says to me as a psyop is something is coming to the money system very soon and THEY are going to go after the big pools of $$$…namely your IRA’s, 401k’s and bank accounts(last with actual reset). Every Patriot should take control of their accounts by transferring them to THEIR OWN brokerage firm and divesting(50%) from the system; As long as you dont remove the money from the account it is not touched and gives you some liquidity(cash) as well as taking out the middle man. This costs nothing and will immediately remove 50% market exposure as you will be sitting in some cash. They cant take the cash as that will nuke the system and cause catastrophic collapse not the controlled collapse they are after….remember the frog? Skip the boil, jump the pan!
R
One last thing. The entire system is built and financed by the participating populace from taxes, retirement investments, to the WS graft and theft. The capital THEY use is yours! Remove your capital and remove their power…its that simple.
R
Thank you for posting about this topic Patriotman.
I was wondering where to post this video earlier, and after
reading your accumulation of info, I think the following fits
right in into this subject matter:
McAlvany Financial – ‘Is Value Investing Dead?’
https://www.youtube.com/watch?v=Ep7mciO6GLg
Eyes Right
Paulo
This article forced me to study and learn what a short sell is. Lol, for the last hour all I can think about is that there are places in this country where it is illegal to grow your own food, collect the rain run off from your house, or open your own fucking business- yet short selling is perfectly legal for these cocksuckers to engage in. Further more when they fuck up, they have the arrogance to ask for bail outs and more regulations to prevent THEM from playing by the rules we have to.
Lol. And now on top of all that I’m supposed to go get a rushed and unproven vaccine to fight an imaginary pandemic, turn in my guns…..if not I’m the dangerous one????? Unreal!!!
https://www.congress.gov/bill/116th-congress/house-bill/5717/text?q=%7B%22search%22%3A%5B%225717%22%5D%7D&r=1&s=1
https://www.congress.gov/bill/117th-congress/house-bill/127/text?loclr=cga-bill
two statist bills introduced
I think they are now revising their false flag plans into something even bigger now. The unwashed masses are awakening even more. They are losing control!
Educate friends and family on false flags now. Please. Also, confront anyone who advocates violence. I have to admit I have not seen, heard, or read anyone calling for violence against the .gov. They are getting desperate. Keep holding the line.
La Yuma o nada.
5
What a beautiful sight to behold! It perfectly highlights how arrogant, naive, incompetent, & VULNERABLE they are. They must have really convinced themselves this was going to be a simple & easy one-dimensional ‘bullets & guns’ sort of affair; that they were gonna orchestrate some chat room baiting, false flags, & then make some easy arrests & walk off into the sunset with a stolen empire; that they were going to throw around a little propaganda, shame their opposition into silence by accusing them of wrong think & falsely painting them as ‘extremists’, & then go home victorious. Talk about fighting the last war. They truly have no idea what’s coming. None.
It’s called Total War for a reason.
The opening salvo has barely even begun & already they’re at risk of losing major pieces of the infrastructure that enables their power. They still don’t seem to understand; they’re swimming in enemy territory, we’re not going anywhere, & tolerance has been exhausted. Buckle up buttercup. You ain’t seen nothin yet.
Bought NOK just on principle, dont care if it goes down. The censorship angle is key. Politicians (who know nothing of the technology) and talking heads attack the discussion boards reddit and Discord is pushing more folks to Telegram. Throwing around labels like “hacking wallstreet” and “damaging volatility”.. “we must halt trading!! and reform the markets!” This is the best story in weeks!!!!
I f***ing love this story! No intention on trying to profit on it, however…
It’s virtually 100% guaranteed that this will precipitate…
1) increased 1A clampdown
2) increased capital restrictions
3) financial catastrophe which will be blamed on free speech and free markets
Take your profits
Convert to hard assets
Great article and a great breakdown for the layman. Appreciate it!
https://goldback.com/
4.5
This is 5th generation warfare. Plain and simple. The bankers deserve this after their 2008 bailout.
Some of the WSB posters are literally doing this to screw the bankers after seeing their own families destroyed in ’08. Heart breaking stuff to read.
Watch Xiden bail these guys out after they can’t pay their margin calls. Their homes in the Hamptons won’t have enough fortifications if he does.
For anyone who wants to get in on this, whether for fun, profit, or just a big FU to the rigged system & our so-called betters, it looks like there might still be opportunities. Doesn’t look like this is going to be a short-lived attack, nor strategy.
Here’s a link to a ZeroHedge article that explains some of the background details for those so inclined:
https://www.zerohedge.com/markets/major-bank-publishes-list-shorts-will-surge-next
Good luck & happy hunting.
Send us all a post card from your new private island if it works out well for you. (That’s a joke. Please don’t risk what you can’t afford to lose.)
Hell yeah! This is the list the TD Ameritrade posted where they’ve got restrictions. You can still trade them, but not on margin.
AMC, CVM, EXPR, FOSL, GME, NOK, BB, BBBY, FIZZ, GSX, IRBT, NCMI, TR, UONE, VIR, NAK, NAKD, DDS, KOSS
Plenty in there are still inexpensive in nominal value – I don’t know which ones are truly undervalued and over-shorted. A few look like toxic waste.
The nice thing these days is every brokerage has zero fees for basic buy / sell trades. That means you can take a tiny risk, say $50, and you don’t have the $5 fee entering and exiting the trade which comes out to 20% of your initial $50. So it benefits taking much smaller positions in volatile stocks to keep your risk profile low.
And like Chris said above, don’t bet more than you’re willing to lose. No complaining if you lose all of it. Put on your big boy pants and don’t bet the retirement funds.
Retirement? What’s that?
Is that where I get to sell my kids’ inheritance for a timeshare?
‘My retirement plan is a body bag’ – Jim Sinclair better known as Mr Gold but even he says buy silver.
I like this guys style.
Ha! I thought retirement was the money you put aside so that if you lived long enough, you could be put out to pasture by your children without being a financial burden.
On the other hand, don’t let me get in the way of cultivating your inner boomer. I hear the discount buffets in Jacksonville are quite good. ;-)
Haha…this.
Hope everyone bought physical silver while they still could. By end of this week it’ll be in the same class as 9mm.
Am not a fan of precious metals with the notable exception of lead. If the SHTF and paper currency is worhtless and you need a few gallons of fuel what are you going to do with your gold or lead. Use your buck knife to shave off a few grams to pay for the fuel??? With lead on the other hand…..
Spell check strikes again. ….shave off a few grams of silver or gold? With lead on the other hand…..