This week’s financial news is full of examples of how a corrupt set of politicians in power can both set themselves up for financial gains, including investing from Wall Street, and at the same time prevent others from benefiting from America’s great power and wealth. Populist leaders like Reddit and Charles Payne pushed back.
“Cool how everyone had to hear about how great the stock market was doing during a global pandemic and economic crisis that left millions broke and jobless, but the minute the average person decided to get involved and invest Wall Street was like WHOA WHOA WHOA THIS IS OUR MONEY,” Brian Altano wrote in reaction to a story by Axios.
— Reddit Trading ???? (@reddittrading) January 28, 2021
The Axios story Altano was reacting to in the post above reported on development to come out of what is being called “GameStopGate,” where platforms were literally shutting down opportunities for the average Amerian:
“Major trading platforms including Robinhood, TDAmeritrade, and Interactive Brokers are restricting — or cutting off entirely — trading on high-flying stocks like GameStop and AMC Entertainment.
Why it matters: It limits access to the traders that have contributed to the wild Reddit-driven activity of the past few days — a phenomenon that has gripped Wall Street and the country.
Robinhood said it would only allow traders to close out their positions in stocks like GameStop, AMC Entertainment, BlackBerry, and a slew of others that have been popular on Reddit boards, TikTok, and other social media platforms, citing “recent volatility,” Axios reported.
WHO IS ALLOWED TO INVEST, TALK ABOUT INVESTMENT ADVICE, AND MAKE MONEY? LISTEN TO CHARLES PAYNE:
“I got to say I recommended many of these stocks on January 11th or before,” Payne said Wednesday. “I’ve got the report in my hand that I sent out to my subscribers, and here’s the list. The shorts, first of all, all this nonsense, all of this noise, all this whining by Wall Street, it’s making me sick! 140% of GameStop was short. I didn’t hear one person on TV complaining about Wall Street trying to crush the GameStop claim. 140% short!”
“I told my subscribers, buy this stock, and they made a fortune,” he said. “I also told them to buy Virgin Space; we took profits on that today… You can’t allow Wall Street to short 75% of the stock, and nobody says anything, crush these companies into the dirt, and then when the individual investor makes money, everyone is up in arms. ‘They’re going to lose their shirt!’ Don’t you think people are trading? It traded 80 billion shares today. People are ringing the register.”
Watch Payne do a smackdown to defend the little guy:
Get 'em son!! Charles Payne and @chamath are my heroes today ???????????????????????????????????? $AMC $GME #SaveAMC $cciv $nok https://t.co/it4gYxa5zt
— Stockyone (@StockyPlatano) January 27, 2021
Stories full of details on how DC is shutting people out of being allowed to invest are trending. Emerging are the journalists and pundits standing up for the “little guys,” and people are learning about the Conservative Populist movement’s agenda.
Basically, Populists are opposed to the Democrat-led government, who push a Universal salary, and don’t want the little people to invest or work on their own to make more than the crumbs they are allowed to have. That is really what is happening this week.
That is picking winners and losers and limiting human potential, which is not supposed to happen in America.
Its crazy. What world do we live in.
The free citizens of a country want to legally buy one stock.
& they are not being allowed too.
— Reddit Trading ???? (@reddittrading) January 28, 2021
A group of grassroots investors, led by grassroots advisors on Wednesday, basically crashed elite Wall Street, which chose to shut down instead of allowing the ordinary people to make money.
That is how simple it is. They demand people accept their crumbs and be quiet.
Payne’s focus has always been on how outsiders can benefit from the market, from humble roots himself and working to build himself into a national financial leader.
He has some advice for America:
The stock market is not in turmoil – billionaire hedge funds are in turmoil.
Two different things. Its a shame regulators, brokerage firms and media continue to provide cover for folks that go to work on helicopters from the Hamptons and say its for folks that take the subway.
— Charles V Payne (@cvpayne) January 28, 2021
For further reading:
There is so much more to this story… #GameStop #FreeMarket https://t.co/f9TK1lSzqu
— Kari Baxter Donovan???????????????????????????????????????????????????????? (@Saorsa1776) January 28, 2021
Kari is an ex-Community Organizer who writes about Cultural Marxism, grassroots activism, music, IndyCar racing and political campaigns. @Saorsa1776
