God damm how many times am I going to se this thread.
History IS written by the winners
I could see there being a case made against trump about his involvement in the riots on the Capitol and there was all the talk about Republican senators going against him. I’m will be happy if it just goes away on one hand, but on the other one it’s very weird. Democrats were saying that the crowd was going for their heads and some republicans agreed. And now it’s like, ‘oh, it’s kewl’
Report it to illfonic. I don’t mind 😁
I could also edit the name if that’s an issue 😁 cause i was kinda leaning towards having a discussion about epstein and that could be a long one
It isn’t unconstitutional, which seems to be the primary argument against the trial, government officials have been impeached after leaving office before.
Clinton was impeached for a single lie to congress, a lie about what would normally be a private matter. Seems they’ve set the bar very low already.
They should call Trump as a witness and simply ask him if he lost the election and when he lies (everyone knows he will), send him on his way. 😉
His lawyer will object to the question as it doesn’t necessarily pertain to the matter. It will get dismissed. Trump will never have to admit that he lost
Can anyone make sense of what’s going on with the GameStop stocks?
What is the significance of this?
I know nothing about investing but this explanation kinda made sense for me
End result sound like a group can artificially increase the price of stocks by buying them out in mass if owners of those stocks ‘bet’ that the stocks will keep going down. After that, those who made the ‘bet’ are responsible for compensating the loss on their ‘bet’ to the tune of the stocks new worth. That seems the gist of it, though my explanation may be technically wrong.
The significance is this type of action is prohibited for large companies but not for individuals. So it’s like a bit of stand alone complex (it’s really not, but i just wanted to use that comparison 🙂)
Any response to all the betting going on likely leads to Occupy Wallstreet 2. They’d have to think up something really specific to divide the populists this time since identity politics has lost its excitement.
You really think they’d occupy wall street again given how hard they fell on their face last time?
Or how hard they got booted in the face I should say
Wallstreet could pay to incite a riot again but I don’t know if that guarantees people leaving anymore.
The Occupy brand is hijacked and tainted but anything else is usuable just needs to stray as far away from social justice subversion as possible.
Rich people are allowed to be rich, it’s about when the government bails them out when their investments don’t work out and they essentially rip people off to make money. The chinese stock market is probably less manipulated than the american one lol.
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People are using collective purchasing, to punish those that use the market in less then fair ways. Think about it like this, some traders borrow money to buy a stock, they then trade away the stock, betting that their debt will decrease before they actually have to pay out their debt.
It won’t lead to a second occupy Wall Street. The two situations aren’t comparable.
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Interesting…what’s the difference between the two in your perspective.
Occupy Wall Street had a lot of disparate goals. This counter short selling is more like an evolutionary jump in that it’s a direct way of impacting the stock market without leaving your home. A realization that individual purchasing or ‘dump money’ isn’t as useful as collective purchasing with a direct goal by everyday people. Most of the early buyers are willing and even likely to lose money on a Game Stop. They however have found taking a small individual lose will be worth the massive losses they can in turn inflict on Hedge funds. (They image that comes to mind is a pirate ship laying out a full broadside for some reason, it makes me 🤣)
These people aren’t looking to camp outside. They want to check their reddit and snicker at lunch about someone rich losing money because the rain drops realized that together, they are a flood. With modern electronic trading the raindrops can pick where they land directly. No more letting someone else control the flow of your money, just do it yourself on your phone any time of day.
So aren’t they both essentially protests against the wall street machine and thereby comparable at least in nature and effect?
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I don’t think that comparison is the best way to view it. Not that it isn’t related, they can both be simplified to protest against Wall Street. I think this has greater implications than occupy did.
Imagine if a sub Reddit and group of investors decided to put an actual person on the board of a company.
It’s an interesting thought experiment but who knows how far this meme will go.
Agreed that it’s way more effective but at a base level, yeah these two things are essentially different methods of sending the same message of “Fuck you” to wall street.
This gives way to potentially changing things. I don’t think occupy had lasting effect.
Some investment company is likely looking into how a computer can do it more efficiently then people, so it’s not like this fuck you comes with zero risk.
Its called hijacking a movement.
Oh of course not. There’s gonna be snap back and changes to the system now considering the weakness that’s been exposed now. This will escalate things. Possibly expose government officials and the crony corruption. What happens after that who knows
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We’re in agreement there. The snap back is a inevitable considering how easy it was this time.
I hope the media in general keep covering it.