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

[Kane Lives]

THE FINANCIAL REVOLUTION HAS BEGUN, IF THEY WON'T LET THE MARKET CRASH BY SACRIFICING OUR LIVES TO IT, THEN WE WILL CRASH IT WITH OUR OWN LIVES

It's heartwarming to see.

Like, there's a unity in the air that is palpable. I love all these mad lads.

 

[Cum]

Linus Tech Tips is live right now, pledging to match all superchats x5 and buy GME. I've never seen so many so fast.

Edit: 2 minutes and he's in for 10k already.

Edit: 20k.

As many potential allies are scared off by the spamming of Holocaust memes, it's good to have someone like Linus, someone who isn't an Internet lolbertarian, step up and shed some light on the issue to normal people.

 

[Vaclav]

You know, there is a built-in end point to all this. The hedgies go broke, go bankrupt, get liquidated, and default on any shorts that can't be cover. Anyone on the other side of that trade becomes very sad, and the world spins merrily along.

...

By now, Melvin should have been liquidated and gone, the shorts should have been voided, and GME should have crashed back to reasonable levels.

The problem is that Melvin's losses are contractually covered by multiple investment banks. Melvin also has a bunch of copycat funds imitating their trades who are also covered by multiple investment banks. Given potentially infinite losses, these guarantor institutions could take a massive hit or be bankrupted themselves. Now you're talking about a big chunk of the finance industry destroyed, in the US and abroad.

Also, if Melvin liquidates (along with all their copycat funds) they must exit all the positions they hold, which will cause a collapse in the price of those assets that will also have far-reaching effects. It's similar to 2008 in how the massively intertwined nature of the finance industry resulted in a domino effect where a crash in the value of one asset class nearly wiped out most of the banks.

 

[+MarkOuttaBat+]

Those holes were intended; those are features, not bugs, and they were left there for the use of all the hedgies, not us common folks.

Probably, payed the law makers off to leave them so they won't get hit hard.

 

[TerminalTryHard]

The solution is for them to SHOCKER...

do nothing

Fuck the big rigs, our economy is founded on small business and startups. Old money needs to go.

Absolutely, if they had just took their L and moved on this would never have gotten so big.

All these scummy moves to manipulate the markets, the astro turfed media blitz, and whiny CEOs on the news are just pushing people to go harder on GME. They just need to take the short term losses but their greed and most of all pride won't allow it.

 

[LUNEKO]

It's heartwarming to see.

Like, there's a unity in the air that is palpable. I love all these mad lads.

Its like a chicken realizing they won't survive the slaughterhouse, so they go balls to the wall and ram into the machine so hard it makes their bones clog the cogs

 

[Superman93's Bitch]

Linus Tech Tips is live right now, pledging to match all superchats x5 and buy GME. I've never seen so many so fast.

Edit: 2 minutes and he's in for 10k already.

Edit: 20k.

Linus Stonk Tips

 

[Maurice Caine]

The problem is that Melvin's losses are contractually covered by multiple investment banks. Melvin also has a bunch of copycat funds imitating their trades who are also covered by multiple investment banks. Given potentially infinite losses, these guarantor institutions could take a massive hit or be bankrupted themselves. Now you're talking about a big chunk of the finance industry destroyed, in the US and abroad.

Also, if Melvin liquidates (along with all their copycat funds) they must exit all the positions they hold, which will cause a collapse in the price of those assets that will also have far-reaching effects. It's similar to 2008 in how the massively intertwined nature of the finance industry resulted in a domino effect where a crash in the value of one asset class nearly wiped out most of the banks.

I want to watch the world burn.

 

[Andy Bandy Man]

I agree, I have looked at the market data form 1900 to 2020. It makes me cringe when people don't realize the Boom Bust cycle can't be stopped or "fixed"

It is inherent to every economic system.

One of the biggest points Marx had in his favor
Try living with bi-polar disorder my friend.

I'm always more depressed about inflation though...

One of the advantages of the bust cycle is it frees up a lot of the actually talented work force to reorganize on mega projects; The big startups of today took the time to invest in big technologies circa 2008.

systems like the economy fundamentally require a little volatility... I think?
I mean, if there's a better way, we ain't doing it.

 

[TerribleIdeas™]

Probably, payed the law makers off to leave them so they won't get hit hard.

https://docs.google.com/document/d/19lOsCveA1aamzTG3Xy905fosFD1REVagzEwLZRERESc/edit#heading=h.19us8i1a2kdx

@Slick Willy wrote this convenient summation of the story, thus far. It includes important information about how (((Cohen))) and a lot of his (((hedgie buddies))) are all part of an incestuous network of hedge firms, and how he was a significant contributor to one of the authors of the 2010 Dodd-Frank Bill, which was supposed to protect us from another 2008 (((Bubble))). It's all quite interesting reading.

 

[+MarkOuttaBat+]

One of the biggest points Marx had in his favor
Try living with bi-polar disorder my friend.

I'm always more depressed about inflation though...

One of the advantages of the bust cycle is it frees up a lot of the actually talented work force to reorganize on mega projects; The big startups of today took the time to invest in big technologies circa 2008.

systems like the economy fundamentally require a little volatility... I think?
I mean, if there's a better way, we ain't doing it.

Marx didn't realize that people are not good at organizing on their own, the "bust" of communism is people making cascadingily dumb decisions causing huge areas of wasted potential.

 

[Jump]

Co-host: "Ohhhh, no."

They don't even know how to buy stocks. They have 50K raised.
This is going to turn in to a clusterfuck where people think they got scammed.

 

[Beavis]

Linus Tech Tips is live right now, pledging to match all superchats x5 and buy GME. I've never seen so many so fast.

Edit: 2 minutes and he's in for 10k already.

Edit: 20k.

wtf I love canadians now

 

[Andy Bandy Man]

View attachment 1881728

Does Raid Shadowlegends just print money somehow?

 

[HumanHive]

Marx didn't realize that people are not good at organizing on their own, the "bust" of communism is people making cascadingily dumb decisions causing huge areas of wasted potential.

Marx was an idiot who thought his vision of utopia was somehow historically determined. Utilitarianism was the least of his problems, really.

 

[CansOfCant]

This stock shit played out like Yakuza 0
Who will win, the Billionaires
View attachment 1881648
or one smart boi?

View attachment 1881658

The fact that one of them's an honest to god troon just makes this perfect.

 

[Overly Serious]

View attachment 1881728

They don't even know how to buy stocks.

This is fucking hillarious. Dude has now called his wife live on YouTube and just told her he needs to transfer $50,000 into a bank account in order to buy GameStop shares. Her reactions are priceless.

Let's SCREW the Stock Market! - WAN Show January 29, 2021

Sign up with Privacy and enter to win a Alienware r15 R2 laptop at https://lmg.gg/bcI4HGet 25% off Malwarebytes Premium if you sign up for 2 years at https:/...

www.youtube.com

Linus: "Bye. Love you."
Wife: "I'll talk to you later."

 

[The Wicked Mitch]

I will say it's going to be very amusing to see the generally left leaning Reddit bro's get Bidenpilled when Yellen puts in work for that milli she got from Citadel in the coming days.

I hope the most popular president of all time gets his fortifications done in time.

 

[+MarkOuttaBat+]

This is fucking hillarious. Dude has now called his wife live on YouTube and just told her he needs to transfer $50,000 into a bank account in order to buy GameStop shares. Her reactions are priceless.

Let's SCREW the Stock Market! - WAN Show January 29, 2021

Sign up with Privacy and enter to win a Alienware r15 R2 laptop at https://lmg.gg/bcI4HGet 25% off Malwarebytes Premium if you sign up for 2 years at https:/...

www.youtube.com

Linus: "Bye. Love you."
Wife: "I'll talk to you later."

LMAO, man has balls

 

[No Exit]

Linus Tech Tips is live right now, pledging to match all superchats x5 and buy GME. I've never seen so many so fast.

Edit: 2 minutes and he's in for 10k already.

Edit: 20k.

Lol dropping 20k on GME now would be the most retarded thing you could do atm. Even if you're just doing this to fuck the hedgies throwing away 20 grand for a laugh is insane.