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Guess Which Side The Corporate Media Is Taking In The GameStop Story…

This article was originally published by Michael Snyder at The Economic Collapse Blog.

*Wake up! They (the media, the government, and the corporations) are all in this together against us! No one is coming to save us. It is time to save ourselves.

You would think that a plucky group of Internet rebels standing up to a bunch of notorious hedge funds and short-sellers would be a story that even the mainstream media should be able to get right, but apparently, that is not the case.

As you will see below, the corporate-controlled media is attempting to convince all of us that the hedge funds and the short sellers are actually “the good guys” and that the “Reddit army” that is taking them on is a bunch of dangerous insurrectionists that are a threat to the entire system.  Of course, I suppose that it shouldn’t be a surprise that the corporate-controlled media is standing up for the establishment, because the establishment showers them with millions of advertising dollars.  But it really has been disgusting to watch them totally sell out like this.  If you listen to the mainstream media long enough, you would be tempted to believe that we now live in a “Bizarro World” in which everything that was once evil is now good and everything that was once good is now evil.

Just within the past few days, the New York Times has called the “Reddit army” a “rebellion”, Investing Daily has referred to it as an “insurrection”, and NBC News has used the word “insurgency” to describe it.

But the first prize actually goes to the Washington Post.  They had the gall to run a story entitled “The good guys in the GameStop story? It’s the hedge funds and short-sellers”…

The Gamestop speculators are not merely in a frenzy about one stock. Their goal is to destroy the traders who link stock prices to fair value. To suggest a political analogy, they are not just blindly devoted to their candidate; they deny the legitimacy of the opposition party. They are not just acting within the system; they want to overthrow the system. It’s as though — just imagine — a rabble gripped by conspiracy theories were to attack the rules of democracy itself. The name “Gamestop” is apt.

Are you kidding me?

What is next?  Is the Post going to come out with a story about how Luke Skywalker was evil because he wanted to overthrow the established order that Darth Vader and the Emperor had instituted across the galaxy?

The official slogan of the Washington Post is “Democracy Dies In Darkness”, and that is quite ironic because they have totally gone over to the dark side.  In the same article that I just quoted above, the Post laughably asserted that “a market without short sellers” would be like “a political system without investigative journalists”…

What about short sellers? These are specialists who research stocks that might go down, sometimes because bosses are illegally covering up bad news about their companies. When short sellers identify a case of fraud or similar, they borrow and sell the stock, hoping to buy it back at a lower price later. Again, there is nothing evil about this. To the contrary, it’s a way of keeping prices honest. A market without short sellers is like a political system without investigative journalists.

Yes, let us take a moment of silence right now to acknowledge all of the wonderful contributions that short-sellers have made to our society.

It really has been amazing to watch the lengths that some in the mainstream media will go to in an attempt to demonize the retail traders that have banded together to go after the short-sellers.  On CNN’s website, Chris Cillizza did his best to try to turn the “woke mob” against the Reddit traders by linking them with Trump.  The following comes from his article entitled “How Trumpism explains the GameStop stock surge”

The point is that there is no real point beyond showing up the pros — proving to them that they aren’t as smart as they think they are and that they don’t have the ability to control everything.

Which, again, has its roots in Trumpism. The entire notion of Trump’s candidacy and presidency was to stick it to the elites. And then, well, uh, there wasn’t really a plan beyond that. The screwjob was the point.

Others have gone even farther.  To me, it was extremely offensive when former SEC Commissioner Laura Unger compared the short squeeze on Wall Street to the rioting at the U.S. Capitol.

Of course, whenever something happens that the establishment really doesn’t like, it is just a matter of time before they start blaming Russia.

The other night, Jimmy Kimmel suggested that “maybe even some Russian disrupters” were at least partially responsible for the chaos on Wall Street, and MarketWatch actually published an article entitled “The GameStop saga is a road map for the Kremlin and other enemies of America”.

Ever since the 2016 election, Russia has become the ultimate boogeyman.

If something major goes wrong, Russia has to be blamed for it somehow.

President Trump at least attempted to keep our relations with Russia fairly stable while he was in office, but now that he is gone I have a feeling that U.S. relations with Russia are going to completely fall apart.

But that is a topic for another article.

Getting back to the topic at hand, the short-sellers only have themselves to blame for what happened.  The number of GameStop shares that had been sold short was greater than the number of GameStop shares that actually existed, and that was a golden invitation for anyone that wanted to attempt a massive short squeeze.

If it wasn’t the Reddit army, it was probably going to be someone else.

What a year this has been already.

On the first Wednesday of 2021, there was a massive riot at the U.S. Capitol.

On the second Wednesday of 2021, President Trump was impeached by the House of Representatives.

On the third Wednesday of 2021, Joe Biden was inaugurated.

On the fourth Wednesday of 2021, the GameStop short squeeze made headlines all over the globe.

So will something historic happen this Wednesday?

We shall see, but without a doubt, the chaos that we have witnessed so far is just the very start of our troubles.

Everywhere you look, people are extremely angry.

And everywhere you look, our system is being greatly shaken.

Most Americans are sick and tired of the corruption and injustice that they see all around them, and they know that our “leaders” aren’t going to do anything about it.

People are increasingly taking matters into their own hands, and the Reddit army is thrilled that the hedge funds and the short sellers can finally feel their fury.

But fury is not going to fix our system.

At this point, nothing will.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on FacebookTwitter, and Parler, and anyway that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

 

The post Guess Which Side The Corporate Media Is Taking In The GameStop Story… first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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These Are The Shadowy New York Financial Institutions That Forced Robinhood To Restrict Trading In Certain Stocks

This article was originally published by Michael Snyder at The End of the American Dream. 

Have you ever heard of the Depository Trust & Clearing Corporation?  What about Cede and Company?  If those names are foreign to you, then you don’t really understand how the core of our financial system really works.

A lot of people are blaming Robinhood CEO Vlad Tenev and the heads of other major trading platforms for the stock trading restrictions that we witnessed last week, but it was actually the DTCC that suddenly jacked up deposit requirements ten-fold.  Robinhood and other trading platforms were put in a vise-like grip, and they had no choice but to act.  Someone needs to investigate how these decisions were made at the DTCC, and if laws were broken those that were responsible for the decisions need to go to prison.

We are being told that retail traders needed to be brought under control “for their own good”, but it was the reckless short selling of the big hedge funds that actually set the stage of last week’s chaos.

Why doesn’t anyone ever talk about restricting their exceedingly foolish trading strategies?

Thanks to relentless buying by “the Reddit Army”, several major hedge funds got absolutely slaughtered last week, and that group included Melvin Capital

Melvin Capital, a premier Wall Street hedge fund entangled in the frenzy over GameStop (GME), lost 53% in January, a source familiar with the matter told CNN Business.

Melvin, a major short-seller of GameStop, bet that the company’s shares would drop. But, on January 11, GameStop announced new board members who could help it with digital sales. That set off a fury on Reddit, namely subreddit WallStreetBets, which catapulted GameStop’s stock more than 1,600%.

Of course, the small fish are not supposed to beat up the big fish like that, and the billionaires at the big hedge funds undoubtedly reached out to their powerful friends for help.

There had been speculation that the big hedge funds leaned on Robinhood CEO Vlad Tenev and the heads of other large trading platforms directly, but the truth is more complicated.

It turns out that the pressure on Robinhood and other major trading platforms came from the clearinghouse level.  The following comes from a piece in USA Today that was authored by Vlad Tenev himself

In a matter of days, our clearinghouse-mandated deposit requirements related to stocks increased ten-fold. These deposits are the collateral we post to ensure our access to clearinghouse services on behalf of our customers. They are what led us to put temporary buying restrictions in place on a small number of securities that the clearinghouses had raised their deposit requirements on. As we noted in a blog on Friday, it was not because we wanted to stop people from buying these or any stocks — we built Robinhood to provide access to investing for all. And it certainly wasn’t because we were trying to help hedge funds.

Tenev didn’t mention it by name, but the company that clears almost all of Robinhood’s trades is the Depository Trust & Clearing Corporation.  If you are not familiar with the DTCC, here is some basic info from Wikipedia

The Depository Trust & Clearing Corporation (DTCC) is an American post-trade financial services company providing clearing and settlement services to the financial markets. It performs the exchange of securities on behalf of buyers and sellers and functions as a central securities depository by providing central custody of securities.

DTCC was established in 1999 as a holding company to combine The Depository Trust Company (DTC) and National Securities Clearing Corporation (NSCC). User-owned and directed, it automates, centralizes, standardizes, and streamlines processes in the capital markets.[3] Through its subsidiaries, DTCC provides clearance, settlement, and information services for equities, corporate and municipal bonds, unit investment trusts, government and mortgage-backed securities, money market instruments, and over-the-counter derivatives. It also manages transactions between mutual funds and insurance carriers and their respective investors.

In 2011, DTCC settled the vast majority of securities transactions in the United States and close to $1.7 quadrillion[4][5][6] in value worldwide, making it by far the highest financial value processor in the world.[6] DTCC operates facilities in the New York metropolitan area, and at multiple locations in and outside the United States.

Theoretically, the DTCC is supposed to be a neutral participant in the markets.

But as we saw last week, that is definitely not the case.

So why should we allow a “for-profit monopoly” to have so much power over our financial system?  The following comes from a piece that was just authored by Omid Malekan

The brilliance of this excuse is that it only proves the skeptics and conspiracy-theory believers right. DTCC is a for-profit monopoly that sits at the heart of America’s financial system. It is controlled by the biggest Wall Street institutions and responsible for all public equity settlement. A subsidiary of it literally owns every single share of publicly traded stock in America. Yes, you read that correctly. You don’t actually own your shares of Apple or Microsoft, they do. You are only allowed to enjoy the financial benefits of being an investor because your corporate overlords let you. Why? Because the government wants it that way (the fact that financial firms like DTCC always donate a lot of money to politicians has nothing to do with it.)

Of course, the DTCC is not actually the top of the pyramid.

The Depository Trust & Clearing Corporation, the National Securities Clearing Corporation, and the Fixed Income Clearing Corporation are all managed “under the umbrella” of a shadowy entity known as Cede and Company…

This small New York based financial institution has a dozen directors and no more than a half dozen employees but holds, according to some reports, some 34 trillion dollars in assets.

A complex system of interlocking bodies, such as The Depository Trust & Clearing Corporation, the National Securities Clearing Corporation and the Fixed Income Clearing Corporation oversee all stock trading in the US. They all come under the umbrella of Cede.

And, on paper at least, own all the stocks traded.

One or more decision-makers at these shadowy entities decided to put an extraordinary amount of pressure on Robinhood and other trading platforms.

We need to find out exactly who was involved in making the decisions, and if something illegal took place the decision-makers need to be held accountable.

For now, Robinhood and other trading platforms will continue to restrict trading in certain stocks as we begin a new week

Robinhood will continue to limit trading on Monday in short-squeeze names like GameStop that have experienced explosive rallies and unprecedented volatility over the past week.

Customers can only buy one share of GameStop’s stock and five options contracts. However, the millennial-favored stock trading app did cut down its list of restricted stocks from as many as 50 on Friday to eight starting Monday.

Our financial system is far more vulnerable than most people realize, and it is just a matter of time before the house of cards comes tumbling down.

Anyone that still thinks that we have a “free market” after what we witnessed last week is simply being delusional.

Very powerful forces look out for the interests of the ultra-wealthy and the game has been carefully designed for them to win.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  By purchasing the books you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on FacebookTwitter, and Parler, and anyway that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

The post These Are The Shadowy New York Financial Institutions That Forced Robinhood To Restrict Trading In Certain Stocks first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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COME TO MAMA: Stocks & Metals BOTTOMED!

This article was originally published by Tom Beck at Portfolio Wealth Global. 

For three weeks, we’ve been explaining HOW CRUCIAL it is not to be PARALYZED BY the incessant fear and drama of those who are comparing 2020 with 1929 – it really isn’t.

There are REAL FORCES in motion, both in China and the USA, the two largest economies, which are GROWTH-ORIENTED.

Courtesy: Zerohedge.com

People are just NOT DOING their homework; the recovery is underway from this not-so-bad pandemic. The FORCE OF INERTIA behind this willingness to STAND FIRM and live with the disease is great; the masses do not want to be quarantined a SECOND TIME.

The fact of the matter is that we’re seeing an INSANE AMOUNT of selling and the only reason is that there’s an election in the pipeline; it’s not the second wave that is spooking markets. I want to remind everyone that the ECONOMIC MACHINE is bigger than any one president and it’s bigger than any one administration.

Entrepreneurs ADAPT; they adjust to trade wars, tariffs, taxes, interest rates, worker unions – they can PRETTY MUCH absorb all shocks. Just about the ONLY THING they can’t do is face DRACONIAN LAWS, but we’re not there yet…

Courtesy: Zerohedge.com

Judging by the number of hedge funds closing their doors, we believe this is a HUGE MISCONCEPTION on the part of the value-investing veterans, who equate this to a bubble.

In a world where $13tn is STUCK IN NEGATIVE-yielding bonds, there’s so much MORE UPSIDE for businesses, stocks, commodities, and just about anything!

I implore you to realize that the bubble is in GOVERNMENT DEBT and that the rest is PEANUTS compared to that.

Today, a presidential debate is happening and afterward, the world of investing will have MORE CLARITY on the identity of the leader of the free world in the next four years, but don’t think that STOCKS WILL crash or surge, solely due to that.

I’m positively convinced that a recovery is well IN MOTION and that the level of breakthrough innovation that’s occurring is UNDERESTIMATED.

Stay LONG; it’s the natural position to be in.

The post COME TO MAMA: Stocks & Metals BOTTOMED! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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BULLSHIT DETECTOR: IMF Warns Global Recession WORST EVER!

This article was contributed by Tom Beck of Portfolio Wealth Global. 

Retail investors are SIGNING their own DEATH WARRANT right now.

On every GREEN DAY, they’re doubling down and on each BLOODY RED SCREEN, they’re buying the dip.

I was 16 when the Dotcom niche was raging and I remember that EVERYONE was talking about it, but I didn’t get to FEEL IT. In 2017, I was seeing it FIRST-HAND with cryptocurrencies. Right now, it smells like we’re in the midst of the bubble TOWARDS THE END.

 

Courtesy: Zerohedge.com

As much as we are all aware that Facebook, Apple, Amazon, Microsoft, and Netflix are the HEDGE FUND DARLINGS and that nothing lasts forever, we can’t FIGHT TRENDS.

When huge paradigm shifts occur, the darlings change.

For now, as you can see, the trend is still in place, which tells me the BULL MARKET is still on.

It’s the LAST STRETCH of the euphoria, so the indices will be volatile. It’s normal, and you have to decide if you just WANT TO OBSERVE or time this mania and capitalize.

We STRICTLY FOLLOW our watch lists and LIMIT ORDERS, available HERE and HERE.

Courtesy: Zerohedge.com

One of the sub-prime mortgage crisis’ most famous CEO quotes was that you have to keep dancing as long as the music is playing, and CEOs are certainly TAKING FULL ADVANTAGE of the appetite out there to lend funds at STUPIDLY-LOW rates to corporations.

Too much money at the hands of the rich and they have run out of places to put it. This is the main driver of artificially-low rates for corporate bonds.

So what’s next? More of the same, but make sure to keep an eye on gold since $1,800/ounce is a BIG DEAL for it.

The IMF (International Monetary Fund), which is a SYSTEMATICALLY IMPORTANT institution, is warning off investors about the recession and the market-high valuations.

I’ve never seen this institution so bearish.

On the flip-side, retail investors are so bullish that they are BASHING Warren Buffett for selling the airlines, Howard Marks for advocating caution, and they’re celebrating how easy it is TO PICK WINNERS.

This is how a bubble looks close to the end; newbie traders feel invincible.

Courtesy: Zerohedge.com

As you can see, the elections will DETERMINE much for the stock market in the coming years.

Don’t buy the whole notion that markets will crash JUST BECAUSE Democrats are in charge, but as I said on Tuesday, I just don’t place ANY VALUE on Joe Biden, specifically.

In the next few days, perhaps over the weekend even, we will know if some states will go back to COVID-19 restrictions.

The markets have been pricing in a recovery without ANY STALLS, so any real bad news will lead to a SELL-OFF, while any good news, to the contrary, will drive investors back.

Expect plenty of ups and downs in the weeks ahead!

As far as we’re concerned, the entire system is at its most delicate phase since 1971.

It wouldn’t take a storm to drive it to the ground – a MILD SNEEZE will do!

EXCLUSIVE REPORTS, Featured In This Article and in Others, Which Are Considered ESSENTIAL READING:
1. Gold Investing – DOWNLOAD HERE!
2. Trump’s War with Mainstream Media – DOWNLOAD HERE!
3. Covid-19 Round2 Sell-Off Playbook – DOWNLOAD HERE!
4. Why The Dollar Is Dead – DOWNLOAD HERE!
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