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This is a once in a lifetime historical event. It's insane.
At least 1 hedgefund has gone bankrupt, thanks to a group of average joes on Reddit. By the end of the week, there will be a line of bankruptcies.
So let's start at the beginning:
The GameStop story, and the coverage/response - nasdaq's threat to halt trading, illustrates the fact there is a set of rules for one class and if anyone else tries to make money off that system, they will be chastised by the "big dogs". What happened to FrEe MaRkEt?
While the straw admin is head faking you and hoping to incite you to civil war, my cousin in Germany just informed me their news reporting China Warships are off our coast. Moral of the story? Chill the F out and PRAY. We have real enemies among us. 🇺🇸
Today, hedge funds called in favors to have trading shut down for specific companies across several giant platforms so they could buy time to gather in private to decide what to do next. If that's not market manipulation, I don't know what is.
Hedge fund managers & government officials sitting in their ivory tower crying about $GME. Meanwhile, there are millions of unemployed people who can’t afford dinner because government cant pass stimulus.
@staceykate1973 @SassCBrown So sorry to hear, Stacey, and sadly, this is the “collateral damage” that does not fit the narrative. As a thought - what are this year’s flu death #’s? Haven’t heard anything on that front. Rolled in to Covid?
@staceykate1973 I'm so sorry Stacey. My husband has congestive heart failure, and has been getting weaker, but has given up trying to see his doctor. They say out of concerns of covid, they can't see him in the office. He can only schedule appts. through telehealth. How is that going to help?
@staceykate1973 This is a long but fascinating article. I don't agree with everything he says but wish more people would at least be talking about the unintended consequences of the lockdowns.
https://t.co/4zmjLnbgHw
My mom called today to tell of 2 more deaths in our circle of family& friends.That’s a total of 8 in the past few months-not 1 covid related.All were because they didn’t get the help they needed because they weren’t covid. Two were suicides. When will everyone else matter again?