Stronk Stonk & Barrel
Read the source story here.
I loved this.
And who would have thought that something cool would have come out of Reddit of all places?
When this whole Gamestonk fiasco started a few weeks ago, I had two major thoughts: The first was, “Oh my God, this is incredible and beats the Hell out of holding up dumb signs outside of the NYSE”, and my second was, “Why has nobody thought of this before?”
Indeed, the Occupy Wallstreet crowd can get bent like the sweaty ineffective losers that they are. If anything, I'm willing to bet that they were headed up by someone on Wall Street's payroll to pacify the plebs – to create the illusion of a movement as a distraction and act as a heat sink. But this – Wall Street Bets – this is the real deal, it seems. It actually got results, and fast. And with not a single meet-up in the cesspit formally known as New York City.
As for the coveted “why” questioned I posited earlier, I'm betting that it had something to do with the stimulus that the government is probably now regretting handing out...again.
Are we going on three checks now? I don't know because I only got one. Huh.
But yes, suddenly dropping a hyper-inflating chunk of change in someone's lap might give those pricks in congress pause for thought it they think The Great Gamestonk of 2021 could happen all over again. Which really puts them between a rock and a hard place: Do they send out the checks and risk more of their buddies in the extraction industry going bankrupt from redditors realizing their true potential, or pull the hand-break and cause an amount of bedlam that even they don't want and that would probably cost them their untarred, unfeathered bodies? Tough call.
Maybe they should just stop the lockdowns or something.
Of course, what could also happen is additional trade restrictions in the form of taxes or even the more robust censorship of places like reddit so that meaningful discourse can't be organized. But considering people's already existing financial strains and the sheer volume of active users on reddit in support of Wall Street Bets, both these options sound like political suicide. And that's truly the beauty of this situation; there is no good counterplay to it.
Even the yes-men at Robinhood straight-up disallowing the purchases of the glittering Gamestonk wasn't enough to stanch the bleeding once it started. The prices on Gamestop and the rest have fallen back down now, sure, but this can so very easily happen again. And now that people know they can cause this and what kind of reaction they get from the hedgies, it will happen again. And what perfect karmatic justice it is considering how freely these people feel to suck the life out of others in the least sexy way possible. Who wants to run a casino with no house edge?
This year's gonna be good.
Watch STNC Episode 40 here.
We are 100% funded for October.
Thanks to everyone who helped out. 🥰
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