Did Wall Street Bets Win? Big Banks Clamp Down on Shorting GME and AMC!

Via Gen Z Conservative

wsb beats the hedge funds

The Ongoing Victories in the GME and AMC Short Squeeze

One of the most exciting moments of 2021, so far, at least, was the populist uprising against the hedge funds in early February of 2021. As a quick refresher, that was when small investors, organizing largely on the Reddit forum r/Wallstreetbets (WSB), stuck it to the man by orchestrating a short squeeze of GME and AMC.

By buying GME and AMC (GameStop and the movie theater chain), both heavily shorted stocks, they were able to send the share prices skyrocketing, financially punishing the shorts (especially Melvin Capital) that were hoping GME’s share price would crater. Furthermore, because short sellers have to “cover” their positions if a share price rises, those were real losses that they suffered, not just paper losses. Hedge funds lost billions in days as the common man bought and held GME.

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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.

Image result for coming civil war

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.

Continue reading “A STRANGE GAME (PART TWO)”

“Everyone Is Afraid Ahead Of The Open” – Reddit-Raiders Spark Nationwide Physical Silver Shortage

Via ZeroHedge

Update (1100ET): For some background on just how unprecedented this weekend’s action in silver markets is, Tyler Wall, the CEO of SD Bullion writes the following (emphasis ours):

In the 24 hours proceeding Friday market close, SD Bullion sold nearly 10x the number of silver ounces that we normally would sell in an entire weekend leading to Sunday market open.

In a normal market, we normally can find at least one supplier/source willing to sell some ounces over the weekend if we exceed our long position (the number of ounces we predict we will sell over the weekend).

However, everyone we talk to is afraid of a gap up at Sunday night market open.

This is about ready to get really interesting as there was very little inventory left from suppliers/mints going into Friday close.

Our direct AP supplier informed us after close on Friday that the “US Mint will be on allocation for the remainder of Type 1” (Current Silver Eagle Design).

Our sales for the month of January exceeded any one month last year during the heart of the pandemic. It was an all-time record month in our company history. 

And, perhaps most importantly, as QTR tweets so succinctly, “this is a red pill moment for many, and it’s beautiful.”

*  *  *

Continue reading ““Everyone Is Afraid Ahead Of The Open” – Reddit-Raiders Spark Nationwide Physical Silver Shortage”

Caveat Emptor – Are You A WSB ‘Useful Idiot’?

Via ZeroHedge

While high-fives and smily-faces abound on the interwebs over the destruction wrought on numerous hedge funds amid the short- and gamma-squeezes in GME and the rest of the heavily-shorted names, some are at least taking a moment to pause and reflect on other possibilities about how this all ends…

Via ‘The_Law_of_Pizza’:

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Reddit Preparing To Unleash “World’s Biggest Short Squeeze” In Silver

Via ZeroHedge

While all eyes have been focused on GameStop and a handful of other heavily-shorted stocks as they exploded higher under continuous fire from WallStreetBets traders igniting a short-squeeze coinciding with a gamma-squeeze, the last few days saw another asset suddenly get in the crosshairs of the ‘Reddit-Raiders’ – Silver.

On Thursday, we asked “Is The Reddit Rebellion About To Descend On The Precious Metals Market?”One WallStreetBets user (jjalj30) posted the following last night:

Silver Bullion Market is one of the most manipulated on earth. Any short squeeze in silver paper shorts would be EPIC. We know billion banks are manipulating gold and silver to cover real inflation.

Both the industrial case and monetary case, debt printing has never been more favorable for the No. 1 inflation hedge Silver.

Inflation adjusted Silver should be at 1000$ instead of 25$. Link to post removed by mods.

Why not squeeze $SLV to real physical price.

Think about the Gainz. If you don’t care about the gains, think about the banks like JP MORGAN you’d be destroying along the way.

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“This Is For You, Dad”: Redditor Shares Heartbreaking Reason For Destroying Short-Sellers In WSB Raids

Via ZeroHedge

As a new class of activist investors harness the power of crowdsourcing to crush short-sellers betting on the demise of ailing companies, a David vs. Goliath narrative quickly emerged (now with sympathetic billionaires joining the cause).

Continue reading ““This Is For You, Dad”: Redditor Shares Heartbreaking Reason For Destroying Short-Sellers In WSB Raids”

Is The Reddit Rebellion About To Descend On The Precious Metals Market?

Via ZeroHedge

Precious metals ETFs and mining stocks are suddenly snapping higher this morning, raising questions about whether the Reddit Rebellion is migrating to one of the most manipulated markets of all.

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NEW WAY TO ANNOY A LIBERAL OR NEO-CON

Someone asked why TBP doesn’t have a share button for each article, so they can be easily shared with others. I had no clue, so I asked The Man With No Name.

And lo and behold, at the end of each article you now have a share function. If you have a Facebook, Twitter, or Reddit account, you just click the button and you can share a link to the article. Send articles you know will annoy liberals and neo-cons. It’s easier to email the link too.

It Never Ends

Guest Post by The Zman

The Interwebs brings news that Hillary Clinton’s “eraser” may have been on Reddit asking for advise about altering classified documents.

An army of reddit users believes it has found evidence that former Hillary Clinton computer specialist Paul Combetta solicited free advice regarding Clinton’s private email server from users of the popular web forum.

A collaborative investigation showed a reddit user with the username stonetear requested help in relation to retaining and purging email messages after 60 days, and requested advice on how to remove a “VERY VIP” individual’s email address from archived content.

The requests match neatly with publicly known dates related to Clinton’s use of a private email server while secretary of state.

Stonetear has deleted the posts, but before doing so, the pages were archived by other individuals.

What’s astonishing to me is the fact Team Cankles hired the dumbest IT people they could find. How can you have a job in IT and not know that anything posted on the Internet is forever. There is no deleting stuff. Similarly, they appear to have not fully understood how e-mail works.

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Mother Jones Editor: That ‘355 Mass Shootings’ Statistic Is Really Wrong

Shockingly, all of the mainstream media bullshit about mass shootings is made up and false. Who is going to watch Obama’s national speech on gun control tonight? I’ll be busy taking a big, smelly dump in honor of his speech and ordering some more ammo.

Via Townhall

Shortly after news broke of a shooting in San Bernardino (which we now know was a terrorist attack), Twitter, Facebook, and Reddit were abuzz that the events of December 2, 2015 were the “355th mass shooting” of 2015. Obviously, this was a concerning statistic–if it were actually true.

It turns out it wasn’t, and even figures on the left agree. There’s been nowhere near 355 mass shootings in 2015, and according to Mother Jones editor Mark Folman, there have been exactly four.

At Mother Jones, where I work as an editor, we have compiled an in-depth, open-source database covering more than three decades of public mass shootings. By our measure, there have been four “mass shootings” this year, including the one in San Bernardino, and at least 73 such attacks since 1982.

What explains the vastly different count? The answer is that there is no official definition for “mass shooting.” Almost all of the gun crimes behind the much larger statistic are less lethal and bear little relevance to the type of public mass murder we have just witnessed again. Including them in the same breath suggests that <href=”#wiki_number_351.3a_11.2f27.2f2015.2c_unknown.2c_2_dead_2_injured.2c_sacramento.2c_ca”>a 1 a.m. gang fight in a Sacramento restaurant, in which two were killed and two injured, is the same kind of event as a deranged man walking into a community college classroom and massacring nine and injuring nine others. Or that a late-night shooting on a street in Savannah, Ga., yesterday that injured three and killed one is in the same category as the madness that just played out in Southern California.

While all the victims are important, conflating those many other crimes with indiscriminate slaughter in public venues obscures our understanding of this complicated and growing problem. Everyone is desperate to know why these attacks happen and how we might stop them — and we can’t know, unless we collect and focus on useful data that filter out the noise.

Continue reading “Mother Jones Editor: That ‘355 Mass Shootings’ Statistic Is Really Wrong”

Reddit Censors Big Story About Government Manipulation and Disruption of the Internet

The moderators at the giant r/news reddit (with over 2 million readers) repeatedly killed the Greenwald/Snowden story on government manipulation and disruption of the Internet … widely acknowledged to be one of the most important stories ever leaked by Snowden.

Similarly, the moderators at the even bigger r/worldnews reddit (over 5 million readers) repeatedly deleted the story, so that each new post had to start over at zero.

For example, here are a number of posts deleted from r/news (click any image for much larger/clearer version):

Related posts from other sites – like 21stCenturyWire – were deleted as well:

 

And here are a number of the posts deleted by the moderators of r/worldnews:

 

Write-ups of the same story from other sites – like Zero Hedge – were also deleted:

Two Redditors provide further information on the censorship of this story:

This isn’t the first time Reddit moderators have been caught censoring:

Source links: Here, here, here, here, here and here.