The money players – aka hedge funds – had their heads handed to them this week. In fact at least two have gone belly up. But, Captain Biden and his banker team jumped right into the fray to help HIS friends, the ones who funded his campaign FOR PRESIDENT. Their concern is that regular people, Americans, are making money off one of the greatest STOCK SHORT SCAMS of all time. This will make Ponzi look like a common pickpocket. So what is this all about? The COMMON FOLK ARE TEACHING THE BIG BOYS A VERY CRUEL LESSON. WE CAN PLAY THE GAME TOO. In fact they are performing what one would call is a FINANCIAL COLONOSCOPY ON THE HEDGIES.
Don’t forget “Lock Her Up” and the $750k she blackmailed the same dudes for a ten minute speech that no one who was present can recall what she said. They help their own, don’t they?
193.60-153.91 (-44.29%)At close: 4:00PM EST
377.99 +184.39 (95.24%)
Before hours: 9:11AM EST
Hedge Funds are notorious for making huge bets on or against specific stocks. In the case at hand, hedge funds have shorted the stock of GAMESTOP (GME IS THEIR SYMBOL). Now shorting is not illegal mind you. Shorting involves selling a stock before you buy it. The reasoning behind this is that the shorter – say hedge fund – believes the share price will trend lower as time goes on. So, where does the shorter get the shares he is selling? They borrow them the brokerage house who executed the short sale. Typically, the brokerage firm has customers who own the stock that they lend to the short seller. The lender of the shares can demand that the stock be returned to their account any time, but this usually doesn’t happen. Therefore the broker can take advantage of this by loaning the shares out for a fee.
From Fox News, NO COMMENT BY THE BIDEN ADMINISTRATION
The short seller is similar to the original Gold Trust Bank. The gold depositor received a receipt to be present later for delivery. After awhile the Gold Bank realized that the owner of the gold receipt was not coming back for the physical gold. In the mean time the Gold Trust Bank issued loans on the gold with the hope that many of its depositors would not request delivery. The Gold Trust Bank was therefore the first short seller.
Back to the Gamestock, a shot to the moon, shares blasted off from $10 to $380 in a second. As you can envision those who sold short had their ass handed to them. Calls for delivery of the new buyers went out to the shorters. Where is my stock, but nobody would sell to them. Up they went. To buy it on the open market they had to keep bidding the shares up and up and up. This is called a short squeeze. Blood was pouring out the short’s eyes, nostrils, mouths and other orifices. A living nightmare.
What happened next? The short sellers called up Uncle Joe for help. The SEC got into the action by halting trading in GAMESTOP. shares. A firm called robinhood prevented buyers from buying the stock as it leaped higher and higher. This prevented the shares to go even higher, saving the ass of the Big Boys and fucking the man in the street. A LOUD CRY WAS HEARD FROM THOSE WHO BOUGHT EARLIER AND TO THOSE WHO HAD MARKET ORDERS THAT WERE NOT EXECUTED. These owners could not sell for a profit, new buyers could not buy. Hedge Fund Short sellers were under the protective auspices of the government.
The irony here is that BITCOIN TORCHED THE LAUNCH PAD blasting from $10,000 to $40,000 in a mere weeks, then took it on the chin back to $30,000. Bitcoin is a fantasy come true for many. Some say it is not worth the invisible paper it is written on. However, no, the government didn’t jump in here. And you may ask why? Because Hedge Funds didn’t sell any bitcoins short. You get the picture now.
The small guys who were making money hand over fist, teaching the hedge funds a valuable lesson they would never forget, were tossed overboard by the Criminal White House soldiers of misfortune. And one other thing worth mentioning, what is the stock market anyway? The LARGEST CASINO IN THE WORLD.
CLICK HERE FOR THE REDDIT STORY – FASCINATING TO SAY THE LEAST