GameStop Rebellion: Retail Traders Take on Wall Street Hedge Funds

[Ruth]

This may be the tip of the iceberg as far as problematic issues surrounding share trading by big powerful companies.

These two videos describe something called "naked short selling"

The bad and immoral behaviour by these big institutions and the lack of action by government agencies who are meant to police them, is quite likely to completely break the US economy and/or enslave the people for years to come.

Guess who's going to pay for it all? It'll be the individual who probably can't afford it.

 

[bjorb]

Bjorn, how would one be able to get in on the action? I’m in Croatia, so EU. What would be the best way to play in the market a bit. It would be cool if there was one platform to trade in stock, precious metals and crypto at the same time. Thanks

To trade shock online you have to pass an online test otherwise you cannot manage your account and trade in stocks.

For crypto's all you need is to set up an account and send a photo of your passport. I bought doge coins just for the heck of it. But right now I don't think it's all that promising simply because wallstreetbets are not officially focused on that. It was just a temporary hype. People thought they were but this was not the case.

Also,

Stocks like GME could potentially cost you a lot on the downside because they're extremely overvalued. If you want to participate in short squeezing without the high risk, consider the ''silversqueeze'' as silver is currently undervalued.

Wallstreetbets aim after GME is silver.

The Silver market is being manipulated but if we stop it silver can be the squeeze of the century. $25 to $1000

Stocking up on physical silver is also an option. 1 kg bar currently costs around $900. Coins are cheaper.

But I've to warn you. The PTB are going to respond and all of this is not going to be without consequence. It's just a temporaly weakness in the system that we can exploit. Nothing more.

Yes, a lot of people are going to earn a lot of money and already have. But others are also going to lose a lot of money.

In end. The only investment that makes sense is learning real survival skills (like fishing or growing your own garden) and be part of a network like this.

I wouldn't get too confident in investing in these trending stocks and crypto's. It seems all populist movements at some point get infiltrated and manipulated by the PTB. The hedge funds will be adjusting their tactics and could've even decided to buy Doge coin and GME before it went up 100's of %, and will be happy to sell it off now to everyone high on the spirit of 'sticking it to the man'.

Even so, silver is still cheap. certain crypto's (doge coin) are still cheap. Buy $100 of each (physical silver is the better option) hold on to it and wait for the right moment to sell.

but these markets are still extremely volatile and risky.

Crypto’s always are and will because Govt's hates them. They can’t control it. That’s why you need to jump ship at the right moment.

If you're new to trading and putting any money in, it shouldn't be more than you would lose sleep over if it went down by 90% over night, IMO.

Absolutely. Start small. If you win, you will be happy. if you lose, you will be a bit wiser.

 

[Mike]

Theory: This whole market panic and directed herding toward crypto currencies is a tailored adventure ride designed to shift the population and economy into a global digitally controlled zone. You want to buy stuff? Forget cash! What's your phone number?

I don't think it is necessarily going to be directed mainly toward public cryptocurrencies (Bitcoin and such cryptos) right now, though many big interests are building things with crypto and mostly with Bitcoin in mind, but I think, as the current systems have problems, planned or not planned in terms of the masses forcing the issue, that it is coming and will be directed toward central bank digital currencies (CBDC) and possibly some of 'cryptos'. Some of the 'cryptos', such as XRP/Ripple, really are not a crypto, as I and most with knowledge of cryptos would define them, but is geared to plug into the existing banking structure and to transition the existing system into a faster and more interconnected system outside of the current Swift system. XRP/Ripple is different than the CBDC, but I see it as very similar.

Stephen Guiness hasn't written anything in some time, but you might find looking into his articles on the system of CBDC they are building and planning worth the time to explore. Steven Guinness

It is interesting that in later December 2020 the SEC under the Trump Administration officially charged Ripple. The SEC had been investigating them for some time, but I figure that Ripple may get out from under it now that Biden is in.

And people are falling over themselves to make the transition! The government or some cutout will likely step in with a pre-conceived crypto control board of some sort; (I gather there are prototype systems well beyond testing), and people will accept whatever measures are advanced because they're all adrenalized and stupid and scared right now.

So it is the CBDC thing that I see them planning for and moving toward and what people may be falling over themselves to get into if there are major economic and financial issues, especially if the CBDC are tied to free money and benefits, yet I'd imagine they have all kinds of plans to try to vector and control both public cryptos and the people that are interested and into them.

 

[Mike]

In terms of silver, things might be getting interesting...

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

I had followed the manipulation and control of the precious metals (PM) markets and prices for years and I tell you TPTB or as the people in the alternative PM called them, the cartel, had an answer for any development to keep a lid on things and prices. They have no hesitation to break rules in markets and law, and may even revel in doing so, so we will see how things play out.

 

[Henchman 21]

I doubt the bullion dealers have a shortage right now but from their perspective it would be foolish to sell any while the markets aren’t open considering the current demand.
I wouldn’t be surprised if it opens above $30 though.
For those who have silver, make sure you put it towards what’s important. Don’t forget about donating assuming nice things happen to it.

 

[Mike]

I doubt the bullion dealers have a shortage right now but from their perspective it would be foolish to sell any while the markets aren’t open considering the current demand.

I've seen the dealers basically run out of all physical silver and gold a few times. So it does happen. Then the physical metals prices usually rise significantly, even if the price rise isn't reflected in the spot price on the manipulated exchanges. Then when prices at the dealers gets high enough in terms of what the dealers are willing to pay people looking to sell the actual physical metal, the prices stabilize and supply starts to come back in. Finally, after the pressure is taken off over time, the spot price and the physical metal price move back toward each other and more supply is found at the dealers from them buying from the mints which start to catch up to physical demand. And the manipulation is not broken.

 

[sweetcheeks]

Right now crypto is being flooded by new users attempting to get in on the doge hype. I believe many of these newcomers have seen what happened/is happening with GME and are riding the notion they can do the same with dogecoin. The unfortunate truth is many will get burned hard if they believe they can make tons of $$$ buying and holding doge.

Dogecoin is what many into crypto call a shitcoin because it was founded on the sole purpose of being a memecoin.. based on well, a meme, haha. Unlike BTC for example, DOGE can be mined infinitely so there is always going to be a supply of it; BTC, as you may know, only has a finite amount available to trade, it is why has jumped into the 29k-38k range for just one BTC.

DOGE is what is called a pump and dump. People pump money into it low and dump it all when it gets high. There are pump and dump groups that you can join to manipulate certain cryptos. Seems like pumping and dumping is frowned upon by the crypto community but that's just my two cents based on reddit hive mind posts; many subreddits on crypto do not allow talking of pump n dump coins (but have been allowing DOGE posts the last few days) which is interesting.

It's taking ages for new users to get verified on crypto exchanges because of the huge influx of traffic and it is as some of you have said. There are usually 2-3 layers of verification, depending on the exchange.. usually tiered as basic, intermediate, and/or pro.. in which you must provide personal info, a govt ID (license, passport), and a picture of your face to be biometrically analyzed. Just a heads up if anyone is thinking of trying it. Coinbase is very popular for the USA but deal mostly in mainstream coins (BTC, ETH, LTC for example) while some others deal the big boys, small boys, and what are called altcoins. You can buy BTC but not DOGE on Coinbase or you can buy both BTC and DOGE on a different exchange such as Kraken or Binance.us. There are websites that list which exchanges offer which coins. I personally have been using Coinbase, Kraken, and Binance. I mostly just watch the market though.

You use exchanges to buy/sell but I'd recommend not storing your coins on the exchange but to instead store them in a wallet. Wallets can be hardware or software based but the truth is even hardware wallets can be hacked. Hardware wallets just offer, let's say, and extra bit of protection vs using software wallets. A very popular (hardware) wallet, Trezor, was recently hacked for example. A friend told me to think of it this way.. store it in something you can burn if ever need be. Personally, I keep my private/API keys inside a notebook.

Anyways, I believe I covered some of the basics and as you can see there is SO much info that it can get confusing at times (and if I provided any bad info, please correct me) but it is probably why crypto is hard for many to get into because of how convoluted it can be. In the end, I can see it providing a decentralized currency but still subject to manipulations from groups (pump n dump schemes/groups for example) that would be no different than what is happening with stocks. It is also very interesting the timing of all this because of the push to a cashless society and the great reset so I am keeping my wits about me in that regard. It's something to keep in mind if you decide to get into crypto. I can see it playing directly into the hands of the PTB.

I believe @Woodsman made a good point though. Cant eat crypto and if the grid goes down due to whatever circumstance, it is worth nothing and you're dead in the water with no tangible assets. Just be smart and use it as an opportunity to create liquidity if you do get into crypto. It is not exactly get rich quick (unless you know what to do/already have lots of capital to use) but rather, it is something to keep for the long haul by doing research and picking which coins you like the most. Wish I had done BTC back when I very first heard about it lol. Do not invest an amount you would not be okay to lose!! Do not drain your savings, do not throw all your money at one coin, etc. Pretty much use your common sense to keep from emotionally investing yourself.

I'll be around and keeping my eye out because THIS has been by far, for me at least, the most interesting part of the show. Exposure through the recent GME situation has been red pilling many to the fact that the game has been rigged from the start. Maybe one day many will realize the game of our existence here on Earth has been rigged from the start too! We'll see tho.

 

[Mike]

Saw this today and just read it. Credit card companies are going to get in on the crypto, crypto stable coins and CBDC action. Even two years ago they wanted nothing to do with crypto and blocked many possibly promising projects from doing what they wanted in relation to credit cards. I think this might be one means to try to control and manipulate crypto after they realized they couldn't stop it short of shutting down the internet. The thing with the credit card companies set to get involved is that they will likely not allow a crypto that is bought using their wallet and platform to actually be transfered to another wallet or anywhere else.

Visa CEO Says Payments Giant Set to Introduce Cryptocurrency Trading on Its Network – Fintech Bitcoin News

Payments giant Visa Inc's CEO Alfred Kelly has revealed his firm’s plans to enable cryptocurrencies trading on its network.

news.bitcoin.com

This is similar to Paypal, which introduced crypto to there system this fall, but you can't transfer the crypto off their platform. You can 'spend' it and sell the exposure or position you have in crypto back to fiat, but you can't be said to actually own the crypto. So you can't 'take delivery' using the terminology to the precious metals community and can't really 'hold' the crypto in your own hands. So it is really just exposure to and a derivative of a crypto and you have no idea if Paypal or the credit card companies actually have the crypto they say is in your wallet. Similar moves over the years have been made in the precious metals markets via the introduction of derivative type products in order to control and divert pressure related to increased demand for metals.

But one thing looks certain is that the topic of cryptos, CBDC, and digital currencies is set to hit the mainstream in some fashion here in the not so distant future. And this GameStop and Dogecoin business might be pushing that closer to us. Interesting that this info about the credit card companies and crypto is being re-highlighted (since it has been talked about in the second half of 2020) and brought forward with the current interest in Dogecoin.

 

[michaelrc]

"Join me brothers. Lets take silver to the moon and take on the biggest and baddest manipulators in the world"

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[wodasi]

after two daze of telling daughter to buy some SILVER ..
NOPE TOO BUSY ..
this morning i mentioned it again..she says look for me...
all Silver with-in decent price sold out..
jmbullion.com

 

[BHelmet]

FANTASTIC thread. So much good and accurate info. A couple observations.

1. It is easy to think negatively that everything that happens is by design and a conspiracy trap and there is nothing that can be done and the dark shirts are geniuses behind every turn of events. Although I can fall into that trap, I don’t think that is really true.

2. The trick with crypto is converting it to fiat for normal usage. That link between crypto outside the system and VISA is the key area. Peer to peer transfers are also the real lynchpin as well. That is where the battle will be fought IMO.

3. the elite psychopaths want to use crypto themselves to hide their own dark transactions once central banks go to a digital system so I don’t think crypto’s will or can be stamped out. *

4. the very quick realization about silver happening on a mass scale can’t be by design.

5.This is still an open free will universe; the controllers have utter disdain and a superior attitude about how ignorant and stupid they think we are and this is where the hubris factor comes in.

*its a 2 way street. We all wanted a free will game to play to learn. Well, with that game, other people can act to deny your free will. However that blade cuts both ways. They might want to stamp out crypto/free will but they want crypto’s to exist for themselves so the have to allow it. And my guess is that there is more than one faction behind the scenes wrestling. Politics as well as finance makes strange bedfellows. The common bozo may actually have some elite billionaires on their side in this.

 

[Metrist]

A lot of recent AAA (blockbuster, big budget) games have Hollywood studios labels on their games - like Warner. And with gaming reaching a level of popularity that dents Hollywoods revenue, they have to encroach into gaming and take it over. Otherwise, they are half of what they once were before the surge in gamings popularity. And as Hollywood is propaganda central in America, it must be controlled. So, aside from the recent Gamestop news, there is the encroachment of gamings competitors in Hollywood and an attempt to get the industry in their control and to play by their rules.
So, with Hollywood studios backing, gaming is becoming more amusement and less gaming. Movies sell. They sell in higher frequency than a good game. Good games are replaced with hyped games, with movie actors like Keneau Reeves endorsments, voice actors, youtube personalities making these mediocre games seem alluring. It is becoming culturalized with consumerist propaganda and the games themselves of secondary importance - though it is the wrapping around the package.
And so, with games becoming less like games, and more amusement, there is a risk of losing revenue. So on this gradual decline into turning us into couch potato consumers - the way it was before the internet and computing - there has to be maintained a 'game' in gaming. And in Hollywoods hand, it will always be inclined towards revenues. Always eroding it for favor of what is trending - and selling.
And that can never be the focus of the whole issue, because it lays bare the insideousness of the players in this game. So it is reported in terms of economics, and framed into its smallest aspect, so that we would identify with the notion of economic benefit. All while making it seem complex.

 

[Lucius]

A: This is a subject that demands further exploration, in order to bring about a definitive answer.

Q: (L) Go ahead. Explain it to me.

A: Words only have power if the receiver believes they do.

Q: (L) But, in many cases, that belief exists.

A: The power to control belief lies exclusively within the receiver.

Yeah, the fact that Citadel owns a piece of Robinhood just speaks to the crushing irony of 'free market capitalism' as it exists today. Even if that hedge fund in particular didn't part-own that specific trading platform, one or another of Robinhood's powerful investors would have leaned on it to 'do as we say'.

On a sidenote, the saga is rich with 'name symbolism', if you think about it:

• 'GameStop', suggestive of 'game over', and more to the point; 'stop this casino capitalism game because now we are losing!'
• 'Robinhood' - a trading platform for the little guy... until it suddenly 'takes from the little guys to give back to the rich!'
• 'Citadel' - which literally means a 'fortress that commands a city', and in this case the LLC is "one of the leading market makers in the world," as described on its Wiki page.

The whole market is about people believing what the media say. The market is an illusion, they used to write about this in a CS session somewhere.

I was thinking about the symbolic meaning of this whole situation. Something feels like something broke and it's just going to fly down. Here it is no longer about GME or other stocks but about believing in words.

Covid - protests, Elections - protests, Exchange - "protests".

Perfect conditions for the PTB to push the boundaries once again, perfect conditions to "See" the man behind the curtain.

 

[hlat]

I think a solution for the people in charge is for them to get Gamestop to create stock shares out of thin air and sell that stock into the market. This stock-out-of-thin-air trick is actually somewhat common in some other stock sectors. If Gamestop is smart, they would do it out of pure self interest to raise a bunch of money for itself and pay off its debts.

It would be different if people bought up all the physical silver available so that there was none for sale at any price. Much more difficult for 3D to create silver out of thin air. An attempt to buy all the physical silver is underway now.

Flatware is lovely, functional and can hide in plain sight. Silver ions probably sanitize fingers and maybe food.

I did this several years ago. But now I'm concerned about the C's warning about Mexican silver and blood illnesses.

 

[Miracle]

In terms of silver, things might be getting interesting...

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

I had followed the manipulation and control of the precious metals (PM) markets and prices for years and I tell you TPTB or as the people in the alternative PM called them, the cartel, had an answer for any development to keep a lid on things and prices. They have no hesitation to break rules in markets and law, and may even revel in doing so, so we will see how things play out.

So how does one buy silver stock? If I wanted to gamble a little money to enjoy the ride of this craziness. Seems like fun!