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Tag: Gamestop
A Wip Wondering (Silver Vs. Gamestop Edition)
So, if I understand correctly, Silver is suppressed by adding more and more paper silver to the market when Silver starts climbing. The only thing that can break this suppression (if I understand correctly) is if paper Silver holders demand delivery. Since there are over 1,000 paper ounces to every 1 physical ounce, the price of Silver will skyrocket.
I wonder why the same investors in Silver don’t this. Wouldn’t this have the same affect as what the Gamestop investors did?
FROM AMERICAN DREAM TO AMERICAN NIGHTMARE
For most of the ninety years since James Truslow Adams coined the term American Dream, most Americans still believed the fairy tale of the American Dream, that no matter how humble your beginnings, everyone had a fair chance to become a success in America, based upon your individual talent, intelligence, work ethic and a society that rewarded those who exceled. Sadly, that dream is no longer achievable for most Americans. Our society has devolved into an oligarchy since The Epic of America was published in 1931, where a powerful few rule over a willfully ignorant many through propaganda, mistruth, fear, and an iron fist.
“But there has been also the American dream, that dream of a land in which life should be better and richer and fuller for every man, with opportunity for each according to his ability or achievement. It is a difficult dream for the European upper classes to interpret adequately, and too many of us ourselves have grown weary and mistrustful of it. It is not a dream of motor cars and high wages merely, but a dream of social order in which each man and each woman shall be able to attain to the fullest stature of which they are innately capable, and be recognized by others for what they are, regardless of the fortuitous circumstances of birth or position…
The American dream, that has lured tens of millions of all nations to our shores in the past century has not been a dream of merely material plenty, though that has doubtlessly counted heavily. It has been much more than that. It has been a dream of being able to grow to fullest development as man and woman, unhampered by the barriers which had slowly been erected in the older civilizations, unrepressed by social orders which had developed for the benefit of classes rather than for the simple human being of any and every class.” – James Truslow Adams – Epic of America – 1931
Continue reading “FROM AMERICAN DREAM TO AMERICAN NIGHTMARE”
A STRANGE GAME (PART TWO)
In Part One of this article I laid out the dire situation we find ourselves facing, as the illegitimate Biden administration inflicts the coup de grace to our dying empire of debt. I will now provide a possible framework of resistance and methods of undermining the corrupt pillaging system we call government.
The concept of passive resistance has existed in various forms for centuries and has been used effectively in toppling enemies. A few weeks ago I was introduced to a concept I had never heard before in Doug Lynn’s article Fair is Foul and Foul is Fair: Hover Through the Fog and Filthy Air. The passage below references “Irish Democracy” as a method for bringing an authoritarian regime to their knees.
More regimes have been brought, piecemeal, to their knees by what was once called “Irish Democracy”—the silent, dogged resistance, withdrawal, and truculence of millions of ordinary people—than by revolutionary vanguards or rioting mobs.
The premise behind “Irish Democracy” is that the State lacks the enforcement power to have its way with millions upon millions of rebels. It’s Mohandas Gandhi’s strategy, albeit without his overt confrontations with the institutions of government. “You can ignore the State and do as you please, as long as you keep your head down.”
Removing the overt confrontations makes “Irish Democracy” much safer than any other form of rebellion. The State needs conspicuous, targetable rebels. It cannot use terror of its forces without someone to turn into an “example.” No conspicuous rebels means nothing for the State to crucify for the edification of the public.
The Pirate Age
Guest Post by The Zman
The GameStop story, which is becoming more of a general short squeeze story, is a good example of what happens when an economy is fully financialized. Since there is little money to be made in making things or creating things, the best human resources flow into finance, where a bright person can get rich finding a slight imbalance in the marketplace for an asset or an error in the holdings of another player. The economy becomes a massive poker tournament with the central bank as the house.
CUTTING EDGE COMPANIES
The future’s so bright, you gotta wear shades.
Gonna tell my kids this is Silicon Valley pic.twitter.com/hQnLjVbVwr
— litquidity (@litcapital) January 31, 2021
GameStop Lets You See the Matrix
Guest Post by Kurt Schlichter
There’s nothing more tiresome than hackneyed references to The Matrix, except for the constant propaganda we’re hosed down with by the Establishment and its media lackeys about how everything is groovy in our totally free, free enterprise paradise of freedom and happiness and more freedom. Some of us have been woke for a while, having realized the undeniable truth that the system is rigged for the benefit of a garbage ruling class, whose sole accomplishment is to perpetuate a paradigm in which they maintain power and prestige by controlling institutions they didn’t create or build. Instead, they are cultural trust fund babies, the equivalent of third generation Kennedy brats with substance issues who got into power by getting into the right schools and modeling the right SJW attitudes. These oligarch overseers rely on us to toil in their figurative fields while they sit on their figurative porches, sipping locally-sourced figurative mint juleps.
NAKED SHORTS
WORD SALAD
Submitted by Hardscrabble Farmer
HEDGE FUND MANAGERS NEED TO GO TO JAIL
GameStop
Guest Post by The Zman
Until a few days ago, most people had no reason to think about GameStop, a retail chain that sells video games and accessories. If you have kids, you probably know the place, because your kids like to go there. Otherwise, the only reason to think about the place was to wonder how they managed to survive as a brick-and-mortar operation in a world dominated by on-line retailers. They exist as a reminder that humans still prefer in-person shopping, even if it comes at a premium.
“This is a financial revolution. . .”
Guest Post by Simon Black
At precisely 2:32pm Eastern time on May 6, 2010, the US stock market started to drop.
The decline was sudden, and vicious. Within minutes, more than $1 trillion of market capitalization had vanished, with the Dow Jones Industrial Average losing nearly 10% of its value.
This event became known as the ‘Flash Crash’. And early explanations pointed to the big investment banks and their high-tech trading algorithms, i.e. software that could buy and sell stocks without human involvement.
When the market started its decline that day, banks’ trading algorithms went haywire and started selling everything. This caused the market to decline even further, which triggered the algorithms to sell even more.
The humans were powerless to stop it. There were stories of panicked tech teams at investment banks frantically ripping cables out of the floor trying to shut down the machines.
But the selling went on for 36 minutes… during which time the banks and big funds racked up enormous losses.
