/r/wsb autists taking on a wallstreet hedgefund. Elon musk involved as always / wallstreetbets / gamestop - Gamergate 2: financial boogaloo

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Rich Evans Apologist said:
The greenback's still going to be the big-boy international currency, unlike the CAD$. All fiat currency experiences inflation and people printing shit into it. By the metrics of actual inflation, it's losing no more buying power than it uses on average year-by-year anyways. Fiscal policy wants it at 2%. By all means though, pick up some Yuan.

The $4tr that bailed out the banks after 2008 did jack dick to inflation, globalism makes inflation behave in a very different way from "I heard about weimar once in high school." The bailout was shitty and destabilizing for different reasons.

The point of having a portfolio is to have 'real' value you can later trade bits and pieces away of for shots of fiat currency to make purchases with. No-one with any braincells holds on to more fiat than is necessary for a nest egg and upkeep costs - the rest goes into stocks, paying off debt, payments on a home, so-on, and this has been how it works for eons.
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Take shots at Canada all you want. I've never believed the CAD will step out of the shadows. CAD has been printed into the ground, too, and Canada has too many ties to the US for our dollar to be worth anything if the USD isn't.

The difference in '08 was that the bailouts were all digital. I don't recall the central banks in Canada or the US literally printing currency and pushing it out the door. The issue this time is that money is in circulation. That's one trillion USD that were minted and put in the public's hands, not just electronic transfers from the government to a handful of corporations and then to the banks.

There are going to be very real consequences from the lockdowns for a long time, and none of them are good. This stunt with stocks is just going to force the pot to boil over quicker.
 
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world of shit said:
Terms of service are not a get out a jail free card. This has been demonstrated in court time and time again.

Now, the question becomes will courts enforce the law fairly, and I think the answer is clearly no.

Class action lawsuit will get a slap-fine, and Citadel will give Robinhood double that. But the damage to their brand and pissed off users won't go away.
They've burned their platform to the ground to protect a few hedge funds.
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I am imagining the Robinhood CEO in a dark room....

Its lit by torches that cast ominous shadows and fitful light that barely reveals the stupendous wealth and power of the room. Gilded mirrors, priceless statues and paintings, all shrouded, as if the owners of them care not to look upon their wonder. Just to have them. His footsteps echo silently in the room, as a crowd of well dressed and masked people look on from the corners. Hushed whispers can be heard from them, but whatever they might be saying amongst themselves is lost in the crushing silence of the room. Finally, the CEO reaches the middle of the room. It can't have even taken a few seconds to walk into that room, but it was seconds that felt like an eternity. In front of him is a simple table, seemingly out of place for its simplicity, and sitting behind it are 9 robed men, or maybe women. Its hard to tell as the robes cover their bodies completely, and the cowls wreath their faces behind impenetrable shadow. Walking out in front of the robed figures behind the table, an unmasked man in an impeccable suit stands in front of the Robinhood CEO. "This is the will of the Council, I speak for it, you shall listen, and you shall obey". The CEO of Robinhood listens with great attention, a small trickle of urine slowly working down his leg and into his shoe.

Last night, probably.
 
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DeadFish said:
Biden is wall streets choice.
Has nothing to do with libtards.

Its all about whipping up a frenzy to cause chaos so the rich can lose.
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Even if you believe that, you're switching targets in a very ineffective way. Not everyone hates Biden, especially since he seems cool with just letting Melvin hang by their own noose. Everyone hates hedgies. Keep pounding on them.
 
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