News:
SMF - Just Installed!
- Welcome to THeBlueCashew.
Posted by Anonymous
- January 30, 2021, 07:08:59 PM"Wall Street corporations cannot limit public access to the free market, nor should they censor discussion surrounding it, particularly for their own benefit," Paxton said in a statement. "This apparent coordination between hedge funds, trading platforms, and web servers to shut down threats to their market dominance is shockingly unprecedented and wrong."
"It stinks of corruption," he continued.
Removing the stock "in the midst of an unprecedented stock rise," Robinhood "deprived retail investors of the ability to invest in the open-market and manipulating the open-market," the lawsuit alleged.
Robinhood blocked users from buying GameStop and AMC among other companies after Reddit users drove the price of the stock to over $500 in pre-market trading. Hedge funds and other firms shorted the stock in recent months, meaning they bet the stock would go down. Their bets were ruined when Reddit users began buying the stock and increased the price of the shares by more than 600%.
Posted by Anonymous
- January 30, 2021, 01:32:05 AMBut, it's an interesting situation.
Posted by Thiel
- January 30, 2021, 12:26:14 AM
All i can say is that it exposed robinhood for what it really was, and really broke open the corruption better in one week than what a bunch of angry sjws ever accomplished from OWS, and that was because they were too busy clamouring over themselves to interject whatever fringe cause in it.
Originally, Occupy wall street was just a bunch of people who wanted sensible reforms that would prevent what happened in 2008 from ever happening again, but slowly over time, more and more fringe SJW groups interjected their failed causes into it, whether it is a ?"fuck the ricg! socialism 4ever" one of " stop climate change", or "women's rights now" one and basically trieed to glory hog OWS spotlight to the point they just became background noise and everybody just ignored and cleared out their encampments.
This is different. This isn't just a bunch of people screaming into the wind that wall street can ignore, but actual action to screw these hedge fund managers making a profit at companies' and retail investors' expense. Basically, short selling is when you take a stock you think is about to take and basically borrow it for nothing, you sell it, let it tank, then buy it back and buy the devalued stocks back and give them back to the original owner, and then pocket the difference between what they sold it for and what they bought it back for. it is as scummy and parasitic as it sounds.
So, these short-sellers were "borrowing" gamestop's stocks with the full expectation of it becoming nothing but useless toilet paper after they sell, but what happened next was a bunch of amateur investers and everyday people just bought up all the stock and cause the value to skyrocket. because these hedgefund managers essentially sold something that didn't belong to them, they are forced to buy it back at a much higher price and lost piles of money on it. they have been crying foul they lost money, and retail investors are making off like a bandit from this. hedge fund managers are crying "market manipulation" and the media is calling everybody every kind of "phobic" or "ist" in the book.
I can't believe it. This shook the system to it's foundation.
Posted by Anonymous
- January 29, 2021, 08:52:24 PM
All i can say is that it exposed robinhood for what it really was, and really broke open the corruption better in one week than what a bunch of angry sjws ever accomplished from OWS, and that was because they were too busy clamouring over themselves to interject whatever fringe cause in it.
Originally, Occupy wall street was just a bunch of people who wanted sensible reforms that would prevent what happened in 2008 from ever happening again, but slowly over time, more and more fringe SJW groups interjected their failed causes into it, whether it is a ?"fuck the ricg! socialism 4ever" one of " stop climate change", or "women's rights now" one and basically trieed to glory hog OWS spotlight to the point they just became background noise and everybody just ignored and cleared out their encampments.
This is different. This isn't just a bunch of people screaming into the wind that wall street can ignore, but actual action to screw these hedge fund managers making a profit at companies' and retail investors' expense. Basically, short selling is when you take a stock you think is about to take and basically borrow it for nothing, you sell it, let it tank, then buy it back and buy the devalued stocks back and give them back to the original owner, and then pocket the difference between what they sold it for and what they bought it back for. it is as scummy and parasitic as it sounds.
So, these short-sellers were "borrowing" gamestop's stocks with the full expectation of it becoming nothing but useless toilet paper after they sell, but what happened next was a bunch of amateur investers and everyday people just bought up all the stock and cause the value to skyrocket. because these hedgefund managers essentially sold something that didn't belong to them, they are forced to buy it back at a much higher price and lost piles of money on it. they have been crying foul they lost money, and retail investors are making off like a bandit from this. hedge fund managers are crying "market manipulation" and the media is calling everybody every kind of "phobic" or "ist" in the book.
I like what I was seeing until the fat cat establishment shut them down.
Posted by Anonymous
- January 29, 2021, 06:21:08 PMWe have someone who helps us with our investments..
I know Gamestop is about rigged trading, and not on solid funadamentals.
Posted by Anonymous
- January 29, 2021, 06:11:19 PM
All i can say is that it exposed robinhood for what it really was, and really broke open the corruption better in one week than what a bunch of angry sjws ever accomplished from OWS, and that was because they were too busy clamouring over themselves to interject whatever fringe cause in it.
Originally, Occupy wall street was just a bunch of people who wanted sensible reforms that would prevent what happened in 2008 from ever happening again, but slowly over time, more and more fringe SJW groups interjected their failed causes into it, whether it is a ?"fuck the ricg! socialism 4ever" one of " stop climate change", or "women's rights now" one and basically trieed to glory hog OWS spotlight to the point they just became background noise and everybody just ignored and cleared out their encampments.
This is different. This isn't just a bunch of people screaming into the wind that wall street can ignore, but actual action to screw these hedge fund managers making a profit at companies' and retail investors' expense. Basically, short selling is when you take a stock you think is about to take and basically borrow it for nothing, you sell it, let it tank, then buy it back and buy the devalued stocks back and give them back to the original owner, and then pocket the difference between what they sold it for and what they bought it back for. it is as scummy and parasitic as it sounds.
So, these short-sellers were "borrowing" gamestop's stocks with the full expectation of it becoming nothing but useless toilet paper after they sell, but what happened next was a bunch of amateur investers and everyday people just bought up all the stock and cause the value to skyrocket. because these hedgefund managers essentially sold something that didn't belong to them, they are forced to buy it back at a much higher price and lost piles of money on it. they have been crying foul they lost money, and retail investors are making off like a bandit from this. hedge fund managers are crying "market manipulation" and the media is calling everybody every kind of "phobic" or "ist" in the book.
Thanks brother. I am going to read more about it.
Posted by sasquatch
- January 29, 2021, 06:07:33 PMOriginally, Occupy wall street was just a bunch of people who wanted sensible reforms that would prevent what happened in 2008 from ever happening again, but slowly over time, more and more fringe SJW groups interjected their failed causes into it, whether it is a ?"fuck the ricg! socialism 4ever" one of " stop climate change", or "women's rights now" one and basically trieed to glory hog OWS spotlight to the point they just became background noise and everybody just ignored and cleared out their encampments.
This is different. This isn't just a bunch of people screaming into the wind that wall street can ignore, but actual action to screw these hedge fund managers making a profit at companies' and retail investors' expense. Basically, short selling is when you take a stock you think is about to take and basically borrow it for nothing, you sell it, let it tank, then buy it back and buy the devalued stocks back and give them back to the original owner, and then pocket the difference between what they sold it for and what they bought it back for. it is as scummy and parasitic as it sounds.
So, these short-sellers were "borrowing" gamestop's stocks with the full expectation of it becoming nothing but useless toilet paper after they sell, but what happened next was a bunch of amateur investers and everyday people just bought up all the stock and cause the value to skyrocket. because these hedgefund managers essentially sold something that didn't belong to them, they are forced to buy it back at a much higher price and lost piles of money on it. they have been crying foul they lost money, and retail investors are making off like a bandit from this. hedge fund managers are crying "market manipulation" and the media is calling everybody every kind of "phobic" or "ist" in the book.
Posted by Anonymous
- January 29, 2021, 05:44:30 PMOutraged Robinhood customers flooded the app with negative reviews after Robinhood halted trades of GameStop and other stocks.
On Thursday, after the stock trading app Robinhood froze trades of GameStop and other "volatile" stocks, outraged customers flooded app stores to give furious one-star reviews proclaiming their displeasure. In response, Google intervened to delete the negative reviews on the Google Play Store and protect the Robinhood app's reputation.
Google confirmed that it acted to delete the negative reviews to The Verge, claiming that the dissatisfied Robinhood customers leaving negative reviews violated Google's policies by intentionally trying to drive down the app's rating. At one point Thursday, the Robinhood app had a one-star rating with 274,982 reviews. By the time The Verge published its report, approximately 100,000 reviews had been deleted and the app was back up to a four-star rating.
Posted by Anonymous
- January 29, 2021, 05:41:32 PMThe ruling oligarchy keeps revealing itself
If you are not a member of the ruling oligarchy, you can buy a stock only when it benefits the ruling oligarchy, but not when the oligarch shorted the stock and will lose money. In that case, you can only sell. They, the esteemed members of the system, on the other hand, can do what they want at any point to win the rigged game.
That was essentially the lesson the American people learned this week about our government-corporate manipulated economy when the oligarchs got together to block people from buying stocks like GameStop after the well-connected Wall Street hedge funds were slated to lose billions on their short-sale gamble. However, what happened this week was emblematic of a broader trend that has taken over our economy this past generation, but should have become patently obvious to the American people since the unconstitutional lockdowns began last March. The oligarchs in charge of our country have manipulated the entire economy in a way that arbitrarily weighs down individual risk-takers and business owners in order to benefit the ruling class, which includes large corporations like Walmart and Amazon.
In the ultimate unconstitutional market distortion, the government refashioned life itself with its draconian lockdowns in a way that forced entire chains of commerce only through narrow, well-connected giant companies while crushing small businesses. Just like the GameStop investors on Reddit who were shut down from making profit and could only take a loss in order to transfer wealth to the hedge funds, small businesses were shut down so that the consumer capital would flow to Zoom, Amazon, Apple, Facebook, Google, Microsoft, and Netflix. Amazon's stock price has nearly doubled since the lockdowns began last March.
The difference between who was shut down and who was given a waiver to open their business was so arbitrary in Pennsylvania that the auditor general wrote in a report, "The waiver process appeared to be a subjective process built on shifting sands of changing guidance, which led to significant confusion among business owners." He observed, "Some owners of small businesses may not have had the knowledge to use the right 'buzzwords' in their justification for remaining open, or realized they could ask a legislator for help to navigate the process."
It's not only the fact that the government criminalized commerce through traditional means, forcing consumers into "high tech" commerce; it's that they benefited from the trillions the Federal Reserve artificially injected into the economy. They had the economies of scale to borrow record amounts of cash at dirt-cheap interest rates.
So while small businesses owners are shedding tears and committing suicide at record rates, Wall Street and Silicon Valley are cashing out on the ultimate venture socialist scam of the government – in which politicians criminalize traditional commerce and property rights and then throw trillions of dollars of cheap money at the people who just benefited from the ultimate form of communism. Who made or lost money this past year, for the first time in history, had zero to do with smart investment, innovation, or even risk-taking, and everything to do with the luck of the government's venture socialist draw.
Or perhaps it wasn't luck at all. It was systemized and arranged based on who built up connections with the government over the years.
Unlike the left, which seeks to "rectify" this broken system it supported by throwing endless free money at people, we seek to reset the economy to what it's supposed to be without any government intervention. That begins by ending all COVID restrictions and allowing all those businesses harmed by the illegal lockdowns to go five years without paying taxes or being subjected to costly regulations. It's time to even the playing field that government distorted.
The way to end double standards is to return to constitutional governance, where there is a limit to what government can do to our lives. The wealthy masters of the universe can lobby all they want, but most subsidies, regulations, market distortions, and certainly restrictions are unconstitutional. Thus, if government can't do it, the incestuous corruption of the oligarchy lobbying scam comes to an end. The only reason why government is able to rig society through reckless fiscal and monetary policy is because it has stepped outside the constitutional limits constraining the scope of its power.
Take stock for a moment of just a few of the appalling double standards we are witnessing in our economy, government, and society today:
The wall to protect Americans from illegal invaders is being dismantled, while a wall is being constructed between the politicians and the people around the Capitol complex.
Restaurants were shut down because of the COVID religion, but Walmart and Home Depot weren't because they supposedly don't spread virions.
Illegal aliens get court injunctions against deportations within hours of filing, even though they have no right to be here, while Americans have failed to secure an injunction against masking and lockdowns in nearly every state for 10 months.
Antifa and BLM have rioted nearly every day since last June, yet very few people have been prosecuted. But for one violent incident, the military is deployed even long after it was over, the entire intelligence and national security apparatus is being marshalled against Trump supporters, and the DOJ is now casting such a wide net in prosecutions that it is bordering on First Amendment violations.
BLM is such a religion that you can attend endless mass funerals for a career criminal like George Floyd, but not hold a 50-person funeral for your grandmother.
Hundreds of thousands of drug traffickers, gang members, and career violent criminals have been released from jail because they were considered "low-level," while business owners are being threatened with jail time for exercising their property rights.
Millions of people who didn't lose a penny during the lockdowns because of the nature of their jobs received thousands in "stimulus" checks, while small business owners often didn't receive a penny, and worse, they were forced by a communist mandate not to evict derelict renters, but still had to pay property taxes.
The elites disregarded their own unconstitutional COVID restrictions, and then the minute Trump left office, they called for the reopening of schools and restaurants (albeit with the abuse of masks), using data that we were censored for posting online.
They bring in more refugees, foreign workers, and illegal aliens, while instituting curfews on Americans within the states. They place travel bans on American residents of other states while inviting illegal aliens to cross the border and use the very hospitals we are supposedly trying to protect with these restrictions.
The same courts that said states engaging in voter fraud and illegal election law changes mid-election were the business of the states blocked red states from requiring proof of citizenship to vote.
It all gets back to the fact that we are no longer a nation of laws with a fixed written law – whether it's the Constitution or statutes – but a nation of men. The written law has been replaced with executive and judicial fiats that are based on the capricious whims of the corporate media that promotes corporate commerce and academia – all tied back to the politicians. They enrich themselves with pay-for-play schemes, but they also empower themselves by instituting these policies under the guise of helping "the little guy," particular races or classes of people that are elevated by the culture at the expense of the whole of the people and the general common good, as required by the social compact.