#Stock_Market_Corruption #Right #IN_YOUR_FACE!?
One of the huge upsides of social media is access to information and the ability for fraudulent activities to get exposed. What’s happened recently on Reddit is beautiful to see.
#Wall_Street_Bets subreddit has now reached 5.1 million #members as of the making of this video and it’s going #global.
Let’s pretend the house down the street from you is worth $100,000. Imagine being able to borrow $140,000, go on tv and let everyone know that the neighborhood home values are tanking and everyone should sell, and then you profit when the house values drop. That’s market manipulation right?
I think what we’re seeing now with the GME saga is a byproduct of wealth inequality. This is a perfect storm of millions of Americans losing their jobs, small businesses getting shut down, and constantly seeing the ultra wealthy exponentially grow their wealth. Homeownership is becoming increasingly more difficult, the gap between the top 1% and the bottom 99% is growing, and people are becoming more aware of corruption by our political leaders.
And now we’re seeing complete corruption of the stock market right in front of our eyes.
Once Wall Street Bets found their own loophole, they exploited it, just like any rational investor would. Hedge fund managers I’m sure love promoting free market capitalism, but only when it works in their favor. We have to make sure all of the top dawgs at the table in this game can afford an extra yacht this year because 2020 was tough on everyone. That new 5,000 square foot house in the Hamptons doesn’t pay for itself, know what I mean?
Greed really works for the wealthy because that character trait gets you to the top, and when your greedy behavior backfires, you just phone up your friends over at Citadel and make sure you don’t lose your shirt. See when small retail investors take on risk, they have to eat the losses if the risky investment doesn’t pay off. But when you have a seat at the table of Corrupt policy makers, you can just use the phone-a-friend feature from ‘who wants to be a millionaire.’
Robinhood positioned itself as the good guys. The app that gave access to the small investors so that they can compete at the same table as the big guys. No more fees. No more brokers. Sign up with us and we’ll even give you a free stock. Don’t tell anyone that we’re going to use your data to hand over to the big hedge funds to use against you. As long as the customers don’t read that in the fine print terms & conditions, Robinhood will be safe.
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