Tuesday, February 2, 2021

How dare they! Really, how dare they?

 Yesterday, Kurt Schlichter had an article at  entitled GameStop Lets You See the Matrix in which he notes the similarity of the rigged system in the Matrix to the rigged system on Wall Street. In both cases, once you see the rigged system, you can not un-see it.

There’s nothing more tiresome than hackneyed references to The Matrix, except for the constant propaganda we’re hosed down with by the Establishment and its media lackeys about how everything is groovy in our totally free, free enterprise paradise of freedom and happiness and more freedom. Some of us have been woke for a while, having realized the undeniable truth that the system is rigged for the benefit of a garbage ruling class, whose sole accomplishment is to perpetuate a paradigm in which they maintain power and prestige by controlling institutions they didn’t create or build. Instead, they are cultural trust fund babies, the equivalent of third generation Kennedy brats with substance issues who got into power by getting into the right schools and modeling the right SJW attitudes. These oligarch overseers rely on us to toil in their figurative fields while they sit on their figurative porches, sipping locally-sourced figurative mint juleps.
I say burn it all down and rebuild America into what it is supposed to be, that is, what they tell us it is when they lie to us.
I’m not alone. We’re primed for some conservative anarchy. The normals’ resistance cannot be quelled; the revolution will be Telegrammed. Everyone’s gobbling up red pills, the one medication our incompetent Establishment is fully capable of distributing efficiently and effectively. You drop one and you see the Matrix. You see the lie. You see that it’s all rigged.
Note that what the Reddit group noted was that the short sellers had sold 140% of all outstanding GameStop stock! There was no way that they could buy back 140% of the stock. The corruption of the hedge fund guys here is breathtaking, and they deserved their comeuppance. And the fact that the Reddit guys gathered a group of people to invest in GameStop is no different than the hedge funds themselves. Hedge funds are not individual investors, but instead combine the money of a number of investors. So the argument that the Reddit guys did something nefarious is pure balderdash. The truth is that there is no excuse for shutting down buying GameStop stock in a free and fair system. Instead, what we are seeing is a rigged system favoring the big guy at the expense of the little guy. It is not a good look. 

And please realize that I have no problem with the idea of "shorting" a stock. Shorting is the process by which an investor, noting that a stock is overpriced relative to its fundamentals, pays someone to borrow his shares, then immediately sells those shares, hoping price goes down. If the price does indeed go down, the short seller, also known as a "bear,"  buys the stock and returns it to the person from whom it was borrowed, and takes his profits. If, on the other hand, the price goes up, the bear may have to buy the stock at a higher price than he sold it. The potential losses are theoretically unlimited and bears must have nerves of steel.
That was the revelation of the GameStop Revolution. You’re allowed to put your money into Wall Street and they might let you take some pennies out, but if you try to go big and play at the same level as the anointed, oh no. You don’t get to. The system shuts you down – literally. You can’t buy the hot stock. Does that apply to the hedge fund guys? You think they can’t play after you’ve been sidelined? Come on. It’s blatant market manipulation, but Wall Street owns the Asterisk Administration – Treasury Secretary & Lord High Protector of the Masters of the Universe Janet Yellin took nearly a million bucks to “speak” to the lever-pullers behind the RobinHood app – and the Administration owns the SEC, and do you think it will investigate the hedge funders who changed the rules? No, but look for FBI SWAT teams to be hitting the basements where the Reddit rebels live. That is, right after they bust more conservative meme guys for illegal memes.
And here is the other thing that the elites used to try to hide, but no more. You and I will be put in legal jeopardy for things that aren't even crimes, like generating a meme, while the elites can commit gross crimes and get away with them. The Biden crime family is exhibit A, but before the Biden crime family, there was the Clinton crime family, and of course there was the Fast and Furious gun walking scheme for which nobody has ever been prosecuted.

Sean Davis at The Federalist makes the same point as Schlichter that the real conflict involved in the GameStop issue is populists vs. ruling class. And the ruling class is mad that they have been upstaged by a bunch of nobodies. How dare they! Really, How.Dare.They? Go read both articles.

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