If the power elites didn’t need the consent of the public to rule, they wouldn’t have to lie constantly about their reasons for their wars on everyone.
as gore vidal said: i'm not a conspiracy theorist, i'm a conspiracy observer.
Thursday, January 28, 2021
the shakespearean term would be 'hoist with their own petard' and i'd say this effort has been great for turning the tables on the scum;
Retail investors have banded together to turn over the tables on Wall Street, and it has created a wild frenzy that is making headlines all over the globe. Unprecedented short squeezes have pushed the share prices of GameStop, AMC, Macy’s and BlackBerry to insane heights, and prominent voices in the financial world are complaining that trading in those stocks has become completely divorced from the fundamentals. In fact, these young retail investors are actually being accused of turning the market into “a video game”. Infamous investor Michael Burry, who made crazy amounts of money betting against the housing market during the last financial crisis, even had the gall to claim that recent trading in GameStop was “unnatural, insane, and dangerous”.
Of course Burry is right, but the truth is that the entire market has been transformed into a giant casino and has been “unnatural, insane, and dangerous” for a very long time.
If the entire market fell 50 percent tomorrow, stock prices would still be overpriced.
So it is more than just a little bit hypocritical for the Wall Street establishment to be complaining about GameStop when they have been gaming the system for years.
Ultimately, GameStop is not a good long-term investment. Most people download video games these days, and so a brick and mortar retail chain that sells physical copies of video games shouldn’t be attractive to anyone.
GameStop lost money last year, and they will lose money again this year.......read more.........