S522 - Wall Street In PANIC MODE, Trading On GameStop And AMC Halted As Plebs NUKE Elite's Hedge Funds

Tim Pool Daily Show

English - January 27, 2021 23:00 - 1 hour - ★★★★★ - 6.6K ratings
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Wall Street In PANIC MODE, Trading On GameStop And AMC Halted As Plebs NUKE Elite's Hedge Funds. The move by WallStreet Bets could totally destroy billion dollar hedge funds.It took Democrats and Republicans months to negotiate a stimulus package and now the government is being hoisted by their own petard.Many people are dumping bits of their stimulus into stocks that will "short squeeze" wealthy elites trigger a massive wealth transfer from the wealthy to the working class.But Wall Street is clever and special interests put a halt on trading of the stocks that would damage the billionaires pocketbooks. Several trading apps froze trading privately trigger calls for boycotts.The plebs have found the systems weakness and the power of online forums
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Wall Street In PANIC MODE, Trading On GameStop And AMC Halted As Plebs NUKE Elite's Hedge Funds. The move by WallStreet Bets could totally destroy billion dollar hedge funds.

It took Democrats and Republicans months to negotiate a stimulus package and now the government is being hoisted by their own petard.

Many people are dumping bits of their stimulus into stocks that will "short squeeze" wealthy elites trigger a massive wealth transfer from the wealthy to the working class.

But Wall Street is clever and special interests put a halt on trading of the stocks that would damage the billionaires pocketbooks. Several trading apps froze trading privately trigger calls for boycotts.

The plebs have found the systems weakness and the power of online forums

Support the show (http://timcast.com/donate)

Learn more about your ad choices. Visit megaphone.fm/adchoices