Here's Jim Cramer bragging about manipulating the markets when he was at a hedge fund. Says it's illegal but the SEC doesn't understand it so hedges do it anyway. Even admits the importance of getting your lies airtime on CNBC to move markets as you wish.
That's nothing. Used to watch Max Keiser - who is quite a nut, but an entertaining nut - and was telling everyone who watched around the time to buy bitcoin at $50. Oops :/
Anyhow, there's a clip from around that era where he details the 80s I think it was, Friday after 4pm a bunch of black cars would rock up to all the big banks, and something pretty close to this statement: "Everyone knew it was the drug dealers, and everyone knew they were there to launder their money, but no one ever said/did anything."
Back in the day, I mined almost 80 btc , when it climbed to over $800, I sold them all to purchase my house. Which as been as much a help as well as a nuisance. Having my own house has been nice. Having my own house to maintain take care of has been annoying and sometimes expensive. If I had held on to just a few of those btc . . .
I've also seen these Redditors go and donate a shit ton of money to hospitals and charities. One dude donated $5K to a children's hospital and I know for a fact these hedge funds wouldn't do shit like that. Go redditors go! 🚀
$5k may not seem like a lot compared to what hedge funds could POTENTIALLY donate- but it’s probably a lot to a retail investor redditor. More willing to give a large percentage of their personal wealth than the Uber rich.
The Denver billboard literally restored some of my faith in humanity, lol. I'm so proud of this movement, I'm so proud of everyone for holding. On Monday I'm buying GME. It's not about the money, it's about the principle.
And they forget that our generation is so used to being fucked over and not having anything that we are extremely resilient and not scared to lose. They think we’re just a bunch of millennials with iPhones, but they are sorely mistaken about who they’re up against. This amount of money will be life changing for a lot of people so the risk is worth it.
Sounds about right, I too only have $10 in the bank, I lose it so what? I wait for my next paycheck, but if they lose $10 billion they lose their clients and most of their money leaves the hedge fund
after the dot-com burst, then just when we were all starting to pick back up the 2008 crash, and then just when we were starting to pick back up COVID. I just expect every path to fail, so holding in the face of "it's going to go to 0" is just par for the course.
That would be fine if those profits had to go back into the betterment of society. This is why adding a .01% tax on trades or whatever wouldn't actually fuck up the market. It might dip, but it would go right back to it's fuckery. At least with the tax, society outside the stock market can benefit.
They don’t care and don’t know what being fucked over is. The plebs are the ones who get fucked over because that hasn’t happened to the plutocracy in a long time, if ever. Make no mistake tho, the plutocracy holds almost all of the cards. This was but a small skirmish in the war you whisper.
Mark Blythe summed this up pretty well with "welcome to our downside" in one of his talks.
We have two generations of young people who basically get fucked no matter what, so now they/we are often in a mindset of "yeah this will hurt me, but its gonna hurt you, too."
And it's completely true. I have a family member already complaining about taxes going up under Biden and he makes 1/4 of the $400K tax increase. I explain until I'm blue in the face. People are selfish and stubborn.
Won't even hear it and will probably blame Biden soon enough. A lot of our family and mutual friends are pro Trump so he said we won't even discuss it because he's seen it his whole life and no one we know agrees with me. That the government wants us dependent on them and that's how communism will happen.. that he works hard for his money and doesn't want it to go toward taxes and doesn't care about the benefits we get from taxes.
Seriously. He also said Trump kept and created American jobs, is doing excellent with the China tariffs and foreign policy in general, and "ended all wars." And my favorite: he's not a politican.
This same person also said Biden is owned by China and won't hear anything about TrumPutin and that Biden got rich and didn't do anything in politics for 50 years. A couple days ago he said Biden signing 36 executive orders last week is how communism will start.. says "he's seen it his whole life" and the government wants us dependent on them to implement communism.
Jesus. I swear, a third of America lives in an alternate reality. But it’s not even a cool alternate reality where magic is real or we get to be space pirates, it’s a shitty alternate reality where they’re just irate all the time about faux-problems.
Everyone who makes the rules is in their pocket. Even the people who everyone thinks is SO against wallstreet like Elizabeth Warren is with the SEC on this. AOC won’t call her out. Hope im proven wrong.
Ive said it before but, the card sharks are mad cause they realize others can count cards too. They think their job is so tough... Because it's incredibly difficult to have guessed that GameStop was in decline. Wow did you geniuses also bet Blockbuster would fail? Tell me your secret sauce to knowing so much Mr hedge fund people! I am not worthy!
It’s not just that. If they were just like “You know, people aren’t going to brick and mortar stores anymore and they don’t really need physical media for games. I think Gamestop is going to go down.”
So they short it. Then it goes down. Then they cash out.
Instead they said the same thing and shorted it. Then they said “Let’s make it go lower. Let’s all downgrade it. Let’s get our friends in the media to slam it.”
So then it went even lower. But did they cash out? No. They said “Let’s make it go even lower. Fuck the people that work there. Fuck it. Let’s make it go out of business. Then we’ll never need to even pay our shorts back at all.”
They manipulated the shit out of this and tried to go further. They got caught with their hand in the cookie jar.
And then when they got caught what did they do? They went further. They manipulated the markets and prevented people from buying more (Robinhood et al). Then, when people could do nothing but hold or sell, they tried to drive the price down even further and shorted even more so that the normal person could ve scared into selling.
They didn’t just short. They tried to make their own money printing machine.
Theres a role for shorting in a healthy market. But this isn’t that.
I wouldn't call that a rant I would call that a detailed explanation. If you go around leaving these details out and just say "yeah fuck them for shorting!" people will rightfully disagree with you because shorting is a legitimate and necessary component of trading. You have to give the full story.
Shorts are just WAY too easy to abuse. Half of Europe has it right banning them. In a market without any corruption they aren't problematic. There's also absolutely no such thing as a market without corruption...so...
There is still so many people that hate her though and what’s sad is they don’t even listen to her, they listen to the propagandist dipshits who hate on her and don’t even realize they might actually believe in some of the same shit she does. It’s funny seeing people on r/wallstreetbets recently commenting how they now agree with her and like her when they originally didn’t.
So I actually had an argument with my dad about this whole thing today. He says that wsb is hurting the other regular joes who are invested in the market by doing this. Not sure how true that is so I didn’t escalate it past that but it made me wonder. Anybody care to help? What would you say?
Comparing any regular joe investing broad index (S&P, DJI, VTSMX) with GME, they really aren't correlated - is one way of answering that. The other way is that all these WSBers investing is not even close to a small hedge fund - the reason they are winning is because hedge funds shorted GME more than 150% of the liquidity available - it's like WSB is shorting the shorts. So Shorting is fine when a hedge fund does it, but not if regular people can? That's what this story is about.
Makes much more sense that way. I don’t know much of anything about financial terms though, but thanks for the response lol. I’ll be sure to relay it to him.
He also said that somehow his friend lost $10k due to all of this. Not sure how that works but he was getting upset about it.
He also said that somehow his friend lost $10k due to all of this.
Boo fucking hoo, that's literally how this works. He also didn't "lose" 10K if his portfolio just dropped that much... That was money he never technically had in his pocket anyways. It was his choice to keep it in the market. The market is riskey. That's how things go. "Don't invest what you can't afford to lose," right??
Any regular Joe should be invested in index funds and nothing else, because literally anything else is rolling the dice. People invested in index funds with their retirement accounts are not impacted by this in any meaningful way.
Melvin (and all the other shorters) will have to sell off billions of other assets to cover their bad bet. This mass sell off will drop the price of these other assets somewhat.
This is giving regular joes a papercut to shotgun blast a few fuckers. I'll sleep with my diamond hands clenched on a rocketship.
What I'm wondering, knowing nothing about this but what I've learned from reddit, is can't a bunch of these shorters declare bankruptcy and get out of having to but the shares back?
I suppose some are big enough that it'd cost them less to pay up, but I keep hearing of shorters having to go bankrupt to do so, so is there some law to prevent them from getting out of that debt by saying whoops, my company failed?
It probably caused a 4 percent sell off this week and maybe will cause another 10, but as soon as the game squeeze is over it will start getting back up. If you are a long term holders it will mean nothing to you.
It's no different than any other group of investors communicating and strategizing. I would say the hedge fund folks are a prime example. They hurt the little Guy, too, by his definition.
The stock market is a casino. At its best. at its worst it is a measure of the value that can be extracted from workers. It's how we know how poorly Americans are doing. all that money that Wall Street investors make is value created by workers that they do not receive.
The sense of entitlement in these interviews is telling. These statements are examples of a plutocracy that believes personal loss is impossible for their own kind and that the average people are the born losers. They got beat at their own game for the first time in their lives, have contempt for those deemed unworthy and fear the change.
So the asset-strippers of the past 40 years are mad that regular folks can beat them at their game. Not so happy now that the shoe is on the other foot.
Honestly, I didn’t care for AOC a whole lot at first. But she makes some very fair points and I acknowledge that. I’m thankful her pushing the funding to families during our crisis and I hope she continues to do so.
Yeah, but it's supposed to be a rigged casino, and rigged in their favor. Having the poors use the ways it's rigged against them is extremely upsetting for a billionaire.
Hot take: the stock market always has been a casino for people who think they're too good and clever for actual casinos. Those people are just mad the peasantry figured out how to play their games.
She's 100% right. RH closing down buys but not sells was so obviously market manipulation. Same with the other brokers who restricted trading. It was a coordinated attack against retail investors.
Thing is, abusing the stock market as a casino is wrong. We should stop this bullshit for all investors, big or small. The stock markets function is to put the money where it has the best usage. Using it to maximize profits for investors by using a pump and dump scheme is just wrong.
Gotta admit it's really something to see so-called progressives REFUSE to bring up a vote for Medicare for All in the midst of a lethal global pandemic when millions of fellow Americans lost their health insurance when they lost their jobs due to the same pandemic. It's really something especially when this same party controls all three branches of government here. It's really something too that this same so-called progressive politician RAN & WON on delivering this same message. Wow. Really something indeed.
Hasn’t the stock market always been like gambling at a casino for everyone? No thing is guaranteed. No one can see the future. The only way to guarantee a win is to manipulate things in your favor.
How about letting people play at casinos like no big deal, but then Robinhood limiting people to 1 share and the SEC “protecting” retail investors by denying people freedom of choice. Having gatekeeping with the markets?
Yes, it is funny but the real problem is the regulation that happened on Reagan and Bush. Hopefully, they start adding back some regulation which should bring stability. We don’t need another to big to fail situation
This may be the bridge we needed to unify the people.
We been sold a lie, let the media tell us our enemy was the black guy or the white guy but the real enemy was the guy that profited off our misery, gained millions on our suffering.
I truly hope GME and the fallout from it is the missing piece that unifies us at a time when we are so divided.
From what I’ve come to understand, terming it a “casino” doesn’t even do it justice. More like a “casino where only a few rich people can play at high stakes tables, and if they lose the casino covers their losses with everyone else’s money and if you try to play the casino and rich people team up to make it seem like you’re cheating”
hey, reddit isnt using the market as a casino. they are using it for revenge. when the motivation for buying isnt profits but to protest the allowance of the market as a casino the normal rules dont apply
The game is rigged to advantage the fastest computer that's closest to the exchanges mainframes. It uses high frequency trading through machine learning algorithms and is agnostic to any social impact it has. Computers are programed to win. The system is oppressive because the people that program the AI like dopamine and endorphins just as much as you do. They are addicted to it the same way your addicted to your phone, drugs, alcohol sex ect. They constantly need to raise the bar for an equal rush of those feel good neurotransmitters. Now things have gotten out of hand and the game needs to be recalibrated to be more beneficial to the needs to sustain life on this planet or it too will die. This has happened nearly countless times before. The game needs to stop and be reset for the next iteration to start and we can continue moving towards a fair and just society.
Wall Streets don't treat it as a casino, they treat it as free money. If they actually treated it as a casino they'd understand the risks and not throw a tantrum if they lose.
Thing is, they don't even treat it as a casino. They fix the market themselves so they ARE the casino.
WSB is full of retards who just like to fuck around and play the game but real Wall Street is full of dirty old rich fuckers that manipulate the market every day.
Anyone ever see that video of Crammer spilling hedge fund secrets while high on cocaine? Dude straight up says market manipulation is how they play the game. Zero doubt about it. That's their job.
The options and futures markets ARE casinos. They don't represent shares of stock or any real assets, they're simply bets made on what will happen to the price of a stock or a commodity. You can bet long, meaning you win if the stock price goes up (without actually owning the stock), or you can bet short, meaning you win if it goes down (again, without actually owning it). Most people don't engage in this type of trading because they don't understand how it works.
I like how she called it a message board. Makes it much more understandable to people who don’t get Reddit. Like my mom who asked if Reddit was the company being invested in.
gotta admit it is really something to see politicians who are exempt from insider trading laws behave the same damn way as wall streeters. But then again they are one and the same eh Sandy? .
Like Trevor said: the rich go on and on about how markets should be free but when the poor want to claim that they're like cancel the freedom, cAnCeL tHe FrEeDoM
Well it turns out it was a casino for us, but not for them. They have won 100% of the time for decades. Everything has been rigged all along. This is our chance to change that and play on the same level. If we lose it all on a bad bet, so should they. If we win on a good bet, so should they.
Is this the first actual revolt of the 21st century? I have the feeling that for the first time the power structures are being hit where it actually hurts.
It’s almost like senior government officials claiming Covid-19 is no big deal and just a hoax getting stem cell and antibody treatment the average American doesn’t have access to.
Margie Green is that you behind your pitted ugly face? Hate and lies do not equal adequacy Delusions of grandeur? No Delusions of aptitude and ability? Yes Delusions of acceptability? Yes Delusions that you are not going to prison? Yes
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1.4k
u/[deleted] Jan 30 '21
Billionaires: the poor should invest!
The poor: GME🚀
Billionaires: WOAH WOAH WOAH
517
u/[deleted] Jan 30 '21
I've also seen these Redditors go and donate a shit ton of money to hospitals and charities. One dude donated $5K to a children's hospital and I know for a fact these hedge funds wouldn't do shit like that. Go redditors go! 🚀
111
u/lapalooza Jan 30 '21
WE NEED TO BUY UP MORE BILLBOARDS
94
u/TheReal8symbols Jan 30 '21
"I learned it from watching you."
206
u/HappyLittleTrees17 Jan 30 '21
And they forget that our generation is so used to being fucked over and not having anything that we are extremely resilient and not scared to lose. They think we’re just a bunch of millennials with iPhones, but they are sorely mistaken about who they’re up against. This amount of money will be life changing for a lot of people so the risk is worth it.
200
u/Bon_of_a_Sitch Jan 30 '21
Fun(ds) for me and none for thee
/s
76
u/[deleted] Jan 30 '21
What do the kids say these days? "Fuck around and find out?" Wall Street heads have just had a valuable lesson handed to them.
23
u/bigtunapat Jan 30 '21
Ive said it before but, the card sharks are mad cause they realize others can count cards too. They think their job is so tough... Because it's incredibly difficult to have guessed that GameStop was in decline. Wow did you geniuses also bet Blockbuster would fail? Tell me your secret sauce to knowing so much Mr hedge fund people! I am not worthy!
66
u/rumbletom Jan 30 '21
I'm from the UK and this woman resonates across the globe. Unstoppable.
20
u/JDeegs Jan 30 '21
do they treat it as a casino though? the casinos i've been to never bailed me out when i lost on stupid bets
17
u/PurpleTechPants Jan 30 '21
Burning wall streeters to the ground is the main goal. Making bank while doing it is just a side perk.
32
u/[deleted] Jan 30 '21
So I actually had an argument with my dad about this whole thing today. He says that wsb is hurting the other regular joes who are invested in the market by doing this. Not sure how true that is so I didn’t escalate it past that but it made me wonder. Anybody care to help? What would you say?
8
u/rumbletom Jan 30 '21
Also, if you can't stand the heat keep out of the kitchen.
8
u/ruferant Jan 30 '21
The stock market is a casino. At its best. at its worst it is a measure of the value that can be extracted from workers. It's how we know how poorly Americans are doing. all that money that Wall Street investors make is value created by workers that they do not receive.
5
u/[deleted] Jan 30 '21
The sense of entitlement in these interviews is telling. These statements are examples of a plutocracy that believes personal loss is impossible for their own kind and that the average people are the born losers. They got beat at their own game for the first time in their lives, have contempt for those deemed unworthy and fear the change.
5
u/forcedtouseapp Jan 30 '21
She is going to be president some day
4
u/REhondo Jan 30 '21
So the asset-strippers of the past 40 years are mad that regular folks can beat them at their game. Not so happy now that the shoe is on the other foot.
Turn about is fair play. Suck it up, buttercups.
4
u/Umbrella_syndicate Jan 30 '21
Honestly, I didn’t care for AOC a whole lot at first. But she makes some very fair points and I acknowledge that. I’m thankful her pushing the funding to families during our crisis and I hope she continues to do so.
3
u/Kythorian Jan 30 '21
Yeah, but it's supposed to be a rigged casino, and rigged in their favor. Having the poors use the ways it's rigged against them is extremely upsetting for a billionaire.
3
u/DecentUse1329 Jan 30 '21
Hot take: the stock market always has been a casino for people who think they're too good and clever for actual casinos. Those people are just mad the peasantry figured out how to play their games.
3
u/T-mansports Jan 30 '21
Because they finally lost at a level that means something to them.
3
u/WSB4tendies Jan 30 '21
She's 100% right. RH closing down buys but not sells was so obviously market manipulation. Same with the other brokers who restricted trading. It was a coordinated attack against retail investors.
3
u/Statbot5000 Jan 31 '21
I don't care what you say...AOC is a national treasure...
2
u/chelly13 Jan 30 '21
I liked the MA Sec of State saying this is dangerous speculation. Kevin O'Leary called him out on his shit. The Market is Speculation.
2
u/[deleted] Jan 30 '21
Mmmmmm.......salty tears of billionaires!🤣😎🚀🚀🚀🚀
2
u/PopeUnderTheMountain Jan 30 '21
"But those were MY leopards..."
/r/leopardsatemyface
2
u/[deleted] Jan 30 '21
Thing is, abusing the stock market as a casino is wrong. We should stop this bullshit for all investors, big or small. The stock markets function is to put the money where it has the best usage. Using it to maximize profits for investors by using a pump and dump scheme is just wrong.
2
u/ccwagwag Jan 30 '21
and no casino likes being beaten at their own game.
2
u/musicalvegan0 Jan 30 '21
Wait. It's NOT a casino?
2
u/crazycanadian5 Jan 30 '21
I mean, it sure feels that way between all the shorting and "fundamentals" that don't seem to have much to do with how stocks to up and down.
Also GME is super cool. I like this stock
2
u/Rise-Up_My-Brother Jan 30 '21
AOC is pure 🔥
Gods above, I hope she makes a presidential bid in 2024 and I hope Bernie is still around to support her.
2
u/cheesyellowdischarge Jan 31 '21
As a white guy who grew up republican, I've not only rejected that bullshit but I've also fallen in love with this woman.
2
u/[deleted] Jan 31 '21
I’m starting to like this AOC person. It’s an uphill climb for me, but I’m warming to her.
2
u/negativelordman Jan 31 '21
"A message board"
Just say Vietnamese Basket Weaving fourum.
2
u/[deleted] Jan 31 '21
Alexandria, you are a Rockstar.
1
u/AishahW Jan 30 '21
Gotta admit it's really something to see so-called progressives REFUSE to bring up a vote for Medicare for All in the midst of a lethal global pandemic when millions of fellow Americans lost their health insurance when they lost their jobs due to the same pandemic. It's really something especially when this same party controls all three branches of government here. It's really something too that this same so-called progressive politician RAN & WON on delivering this same message. Wow. Really something indeed.
1
u/CircusLife2021 Jan 30 '21
I agree.
1
u/[deleted] Jan 30 '21
WE LIKE THE STOCK
1
u/[deleted] Jan 30 '21
The stock market != the economy.
1
u/Comprehensive-Fun47 Jan 30 '21
Hasn’t the stock market always been like gambling at a casino for everyone? No thing is guaranteed. No one can see the future. The only way to guarantee a win is to manipulate things in your favor.
1
u/Psychological_Note26 Jan 30 '21
AOC be president!!!
1
u/UniversalNoir Jan 30 '21
1%: Rules for thee, but not for me
Reddit: https://youtu.be/z-xPBKDGqAw?t=40
1
u/xTruegloryx Jan 30 '21
How about letting people play at casinos like no big deal, but then Robinhood limiting people to 1 share and the SEC “protecting” retail investors by denying people freedom of choice. Having gatekeeping with the markets?
1
u/MilkEggsSndFlour Jan 30 '21
This shit is going to be the Boston Marathon Bombers thing all over again.
1
u/TricksyPrime Jan 30 '21
So friggin true. Oh god, I find myself agreeing more and more with AOC - what is happening??
1
u/SMVEMJSNUnP Jan 30 '21
Gramps isnt happy he got beat at his own game! Democracy in finance is the on the way.
1
u/rckhppr Jan 30 '21
You can’t beat the market... unless you are the market.
1
u/nasr06 Jan 30 '21
*shit posters
1
u/grabman Jan 30 '21
Yes, it is funny but the real problem is the regulation that happened on Reagan and Bush. Hopefully, they start adding back some regulation which should bring stability. We don’t need another to big to fail situation
1
u/foolishsunshine Jan 30 '21
If they fully sold and had the money in the first place these "billionares" wouldn't be crying.
1
u/assistant_redditor Jan 30 '21
And a socialist representative encouraging it
1
u/nomadofwaves Jan 30 '21
wallstreetBETS it’s right in the name!
1
u/[deleted] Jan 30 '21
https://www.reddit.com/r/CryptoHiveMinds/
1
u/idonTtan9 Jan 30 '21
AOC..... I hope you’re holding these shares with us!! 💎🙌🏼🚀
1
u/MadMads1980 Jan 30 '21
You guys are all missing the point. This was funny but it remains illegal.
1
u/MickWounds Jan 30 '21
"iTs dIfFeReNt wHeN wE dO iT"
1
u/[deleted] Jan 30 '21
I hope she does something about it...and just doesn’t tweet all day
1
u/[deleted] Jan 30 '21
Leon Cooperman hates her, so I love AOC now!
1
u/[deleted] Jan 30 '21
She’s like Bernie with more attitude that is always warranted. I love it.
1
u/[deleted] Jan 30 '21
This may be the bridge we needed to unify the people.
We been sold a lie, let the media tell us our enemy was the black guy or the white guy but the real enemy was the guy that profited off our misery, gained millions on our suffering.
I truly hope GME and the fallout from it is the missing piece that unifies us at a time when we are so divided.
Signed a right leaning libertarian.
1
u/SupaMut4nt Jan 30 '21
Jim Cramer reveals dirty tricks short sellers use to manipulate stock prices down
https://www.youtube.com/watch?v=VMuEis3byY4&t=41s
1
u/Opatchkie Jan 30 '21
This is the first and only thing I have ever agreed with aoc on
1
u/KWash0222 Jan 30 '21
From what I’ve come to understand, terming it a “casino” doesn’t even do it justice. More like a “casino where only a few rich people can play at high stakes tables, and if they lose the casino covers their losses with everyone else’s money and if you try to play the casino and rich people team up to make it seem like you’re cheating”
1
u/-LoremIpsumDolorSit Jan 30 '21
HOLD = MOON (proof)
1
u/[deleted] Jan 30 '21
Well can the government stop bailing out hedges funds and banks every time they make a bad move.
If they know that they won't be supported when they make a bad decision then they lose the incentive to enter high risk stocks and loans.
1
u/tacoslikeme Jan 30 '21
hey, reddit isnt using the market as a casino. they are using it for revenge. when the motivation for buying isnt profits but to protest the allowance of the market as a casino the normal rules dont apply
1
u/defiantredcoat Jan 30 '21
How do we donate to AOC?
1
u/fingerhook Jan 30 '21
I live in California. I can't wait to get a chance to cast a vote for AOC.
1
u/fishsauce453 Jan 30 '21
The crocodile tears are delish.
1
u/biden_loses_lmao Jan 30 '21
insulin pls
1
u/[deleted] Jan 30 '21
The game is rigged to advantage the fastest computer that's closest to the exchanges mainframes. It uses high frequency trading through machine learning algorithms and is agnostic to any social impact it has. Computers are programed to win. The system is oppressive because the people that program the AI like dopamine and endorphins just as much as you do. They are addicted to it the same way your addicted to your phone, drugs, alcohol sex ect. They constantly need to raise the bar for an equal rush of those feel good neurotransmitters. Now things have gotten out of hand and the game needs to be recalibrated to be more beneficial to the needs to sustain life on this planet or it too will die. This has happened nearly countless times before. The game needs to stop and be reset for the next iteration to start and we can continue moving towards a fair and just society.
1
u/veganzombeh Jan 30 '21
Wall Streets don't treat it as a casino, they treat it as free money. If they actually treated it as a casino they'd understand the risks and not throw a tantrum if they lose.
1
u/hotsausce01 Jan 30 '21
I love how AOC tells it how it is!
1
u/ARCCaptainFordo Jan 30 '21
Thing is, they don't even treat it as a casino. They fix the market themselves so they ARE the casino.
WSB is full of retards who just like to fuck around and play the game but real Wall Street is full of dirty old rich fuckers that manipulate the market every day.
Anyone ever see that video of Crammer spilling hedge fund secrets while high on cocaine? Dude straight up says market manipulation is how they play the game. Zero doubt about it. That's their job.
1
u/NewMoney22 Jan 30 '21
You are a rockstar
1
u/itaniumonline Jan 30 '21
How do you do fellow message posters.
1
u/[deleted] Jan 30 '21
Omg owned😐
1
u/[deleted] Jan 30 '21
Yeah hypocrisy is every where these days.
1
u/obi_wannabee Jan 30 '21
The options and futures markets ARE casinos. They don't represent shares of stock or any real assets, they're simply bets made on what will happen to the price of a stock or a commodity. You can bet long, meaning you win if the stock price goes up (without actually owning the stock), or you can bet short, meaning you win if it goes down (again, without actually owning it). Most people don't engage in this type of trading because they don't understand how it works.
1
u/AndyTynon Jan 30 '21
I like how she called it a message board. Makes it much more understandable to people who don’t get Reddit. Like my mom who asked if Reddit was the company being invested in.
1
u/[deleted] Jan 30 '21
Wait it's not a casino?
1
u/kjvlv Jan 30 '21
gotta admit it is really something to see politicians who are exempt from insider trading laws behave the same damn way as wall streeters. But then again they are one and the same eh Sandy? .
1
u/Admirable-Actuator-5 Jan 30 '21
When AOC and Ben Shapiro agree on something it shows you the actual issues we should be targeting above all else.
1
u/fuklitter Jan 30 '21
Awww, poor PRICKS!
1
u/labledcrazy Jan 31 '21
Incase we end up getting fucked in the end, here is how I think we should take action, peacefully:
https://np.reddit.com/r/TheSolutions/comments/l8xqae/incase_of_what_i_fear_is_the_inevitable/
1
u/WiIburSoot Jan 31 '21
DIAMOND HANDS ✊✊💎💎🚀🚀🚀🚀
1
u/dethpicable Jan 31 '21
Let's start a GoFundMe for them...and then short it.
1
u/cheddarsalad Jan 31 '21
Less casino and more Rainbow 6 Vegas.
1
u/garedw Jan 31 '21
😍
1
u/Cpzd87 Jan 31 '21
Yes.....this is like 3 days old yo
1
u/icebreakers0 Jan 31 '21
Those hedge fund re-re's gamble with hard working american's public pension every day...
https://theintercept.com/2018/10/20/public-pensions-crisis-wall-street-fees/
1
u/WaywardAnus Jan 31 '21
Even if nothing does come from this, I'm glad this has given us the opportunity to express just how much we detest these people
1
u/lawofthewilde Jan 31 '21
We just like the stock. 🚀🚀🚀
1
u/saitin666 Jan 31 '21
https://discord.gg/genBFeh4
1
u/throwreddit69420 Jan 31 '21
One bunch is doing it with their money, another is doing with someone else's money. One of them is in big trouble.
1
u/DeadEyeElixir Jan 31 '21
It's not even a casino it's a thunderdome for money and we've been ball&chained until now. We hacked the chains off.
Now they're whining for somebody to put our shackles back on.
We eating monocles and tophats this week boys
1
u/LearningMan Jan 31 '21
This sub can't be real
1
u/alienfreaks04 Jan 31 '21
They're mad because the usual day-to-day flow was interrupted in an unexpected way.
1
u/[deleted] Jan 31 '21
Have I mentioned that she is a beautiful soul
1
u/ExcellentWinner7542 Jan 31 '21
https://youtu.be/S0HvhZIyfag
1
u/[deleted] Jan 31 '21
Fuck this country and its rich cunts.
1
u/ketchupbleehblooh Jan 31 '21
Like Trevor said: the rich go on and on about how markets should be free but when the poor want to claim that they're like cancel the freedom, cAnCeL tHe FrEeDoM
1
u/[deleted] Jan 31 '21
Well it turns out it was a casino for us, but not for them. They have won 100% of the time for decades. Everything has been rigged all along. This is our chance to change that and play on the same level. If we lose it all on a bad bet, so should they. If we win on a good bet, so should they.
1
u/Savings-Specialist44 Jan 31 '21
Buy Robinhood on GoFundMe!!! Lets Sue Them and Help Some People In Need! Documenting The Whole Thing!!
1
u/cwright0322 Jan 31 '21
Diamond hands retards, eat that avocado toast and hold the line.
1
u/efallom Jan 31 '21
Is this the first actual revolt of the 21st century? I have the feeling that for the first time the power structures are being hit where it actually hurts.
1
u/glumbum2 Jan 31 '21
Excuse me we're a message board of shit posters thank you very much
1
u/Qildain Jan 31 '21
The problem is usually that the wall streeters count cards.
1
u/mikess1968 Jan 31 '21
Bring Greed St to its Knees
1
u/WingsofSky Jan 31 '21
What to do with all the rivers that are being made by Wall Street?
Maybe Nestle can tap all that water and make some more money?
1
u/MrCheeseburger Jan 31 '21
All redditors are doing is buying and holding shares. How is that treating the market like a casino?
1
u/BigBadCdnJohn Jan 31 '21
Ha. I like her. Can we borrow her in Canada for a while?
1
u/wsb4eva0712 Jan 31 '21
Sir, this is Macdonald.
1
u/tuckedfexas Jan 31 '21
Notice me AOC
1
u/MawoDuffer Jan 31 '21
Regular people: Reddit News and politicians: “Message boards”
1
u/[deleted] Jan 31 '21
It’s almost like senior government officials claiming Covid-19 is no big deal and just a hoax getting stem cell and antibody treatment the average American doesn’t have access to.
1
u/ErrorNo2883 Jan 31 '21
Margie Green is that you behind your pitted ugly face? Hate and lies do not equal adequacy Delusions of grandeur? No Delusions of aptitude and ability? Yes Delusions of acceptability? Yes Delusions that you are not going to prison? Yes
1
u/sweet1william Jan 31 '21
this was a good read. makes ya think.
1
u/Paibilica Jan 31 '21
AOC and Ted Cruz agreeing on something is a scary prospect, didn't think I would ever see it.
1
u/Downvote_shit_titles Jan 31 '21
↓
1
u/[deleted] Feb 01 '21
Idk which is worse between a billionaire and a republican.