I do not have the energy to properly compose this entry, and consequently I am tagging this as a "pseudo-post". Since the site is new and I have yet to determine whether a published entry is a pseudo-post or not, I also have not yet decided how such posts will be handled moving forward. The likely scenario is that the post will stand as-is, and if I deem it necessary I will create a secondary post to fill in the missing details.
Now that that's out of the way, likely some or all of you have heard the news regarding the GameStop shorted stocks and the Wall Street Bets reddit (which appears to be in the process of getting censored out of existence by Big Tech). Â It appears that a new group has been established on Gab, though it is not yet clear whether it will stick around.
Rather than explain what's going on, I'll let you take a look at the following video. Please bear in mind that while this sounds hilarious on the surface of things, it is likely hiding a darker purpose or intent.
Okay, now that you have an idea of what's happening, please make sure you watch the following cautionary. Â Bearing in mind that I am a software developer with next to no stock market or finance experience whatsoever, I defer to this gentleman's opinions, especially in regards to the automated trading that is going on at a much higher level than retail trading.
Now that you've taken that advice under consideration, now watch the following Bloomberg video about day trader Navinder Sarao, which should reinforce the statements made by The Plain Bagel above.
My quick takeaway is as follows. When the richest man in the world, Elon Musk got involved and tweeted "GameStonks!", he helped incite this chaos currently happening around GameStop's stocks and has since spread to AMC and other retailers negatively impacted by the COVID-19 lockdowns. It would be unwise to assume that Elon Musk had the best interests of day traders in mind when he did this, but was instead likely trolling day traders who were on the fence into joining in.
In my mind, this is a Judas Goat scenario; the innocent lambs are being led to the slaughter with the intention of fleecing them, while simultaneously setting up a scenario where the government can get involved and attempt to prop up hedge funds who were financially ruined in the fallout. The worst possible consequence of that scenario would be a further weakened US dollar, which has already been on a downward trend thanks to the COVID-19 lockdowns, despite the rebounding stock market under the Trump administration.
In my opinion, if this comes to pass (the US government bailing out hedge funds), it is an indicator that the CCP is in control of our government, because they would like to completely devalue the US dollar, paving the way for the world banking system to establish a new digital currency completely under their control.
If it does not come to pass, then that indicates that someone else is in control. Who might that be?
More will be revealed my friends.