Those in the "expert" class in finance has been completely exposed this week. There is no better evidence of this than the propaganda that has been spewed on CNBC over the last 24-hours. Everyone from a former SEC Commissioner to billionaire hedge fund managers to those in charge of the broker dealers have been paraded through the network attempting to explain why the actions that were taken by Robinhood and others were justified and how the tendie army was manipulating markets. As you can see from the tweet above, Laura Unger went as far as to say that the tendie army is no different than the individuals who stormed the capitol a few weeks ago.
The mental gymnastics on display are absolutely laughable and signal to me that these cretins are desperate to turn the tides in their favor because a lot of big actors are in danger of collapsing. In fact, the Chairman of Interactive Brokers went as far to openly admit that they turned of the buy button on $GME because they didn't want to eat massive losses. Like I said yesterday, this is nothing short of criminal.
It's really funny because these sore losers are attempting to project what they have been doing for decades onto the retail investors buying $GME. These individuals are the real financial terrorists. They are direct beneficiaries of the Cantillon Effect. They've unduly benefited from their proximity to the source of power and money production. Do not let their propaganda affect your view of what the tendie army has done this week. They played within the rules and are winning and the kleptocrats want to take their ball and go home.
This posturing is a good sign. It means they are scared and the plebs are currently winning this battle. The retail class is emboldened and these attempts to stomp out the confidence emanating from the lower class should be met with direct derision.
The Information Age has leveled the playing field of information dissemination and the expert class no longer has the edge they enjoyed for quite some time.
We're coming for that ass and there's nothing these criminals can do except illegally censor individuals and prevent them from buying these assets. They don't have a leg to stand on and the masses aren't scared to act anymore.
Life is good.
Enjoy your weekend, freaks.