If you’re like me, you have mixed emotions over what happened with the markets over the past week.
To put it in a nutshell, a bunch of online communities got together to stick it to the giants of Wall Street by buying shares in GameStop, a company that Wall Street had bet against. It up wound up costing Wall Street hedge funds BILLIONS.
It was a brilliant move…and it while may or may not have been legal, what we know for sure is that, for the first time in a LONG time, the Wall Street fat cat was afraid of the little mouse investor when the mice ganged up together to take them on.
It’s a very American story…
The underdog took on the champ and was not only WINNING but doing so handily…that is, of course, until an outside agency stepped in, changed the rules, and stopped the underdog from being able to throw punches.
Again, I have very mixed feelings about this. Part of me loves the idea of the little guy sticking it to the bully on the block.
However, there’s another part of me that sees this whole maneuver as something done out of spite and jealously—and it’s hurting more people than just the billionaire fat cats on Wall Street.
David Vs. Goliath? Or More Nuanced?
A lot of people with 401Ks have entrusted their money to some of these hedge funds, so, by hurting a few billionaires and some powerful firms, the people involved in driving up GameStop stock are also hurting everyday working Americans in the process.
However, more than anything, we’ve learned a crucial lesson: when the uber-rich are losing, they have the power to change the rules so that they’re allowed to win again.
We found this out when Robinhood, one of the biggest online trading platforms for regular people, STOPPED its users from buying the stocks that the guys on Reddit were driving through the roof.
Companies like GameStop, American Airlines, Blackberry, AMC, and more got an influx of cash over the past few weeks, and then the ironically-named Robinhood stopped the little guy from taking money from the rich and giving it to the poor.
Not only that, but the people that coordinated this effort were also banned from Reddit and Discord, the platforms that made this all possible.
What we learned is that Big Tech doesn’t just ban you if you have different political beliefs than they do. They’ll also ban you if you’re costing their friends money.
And that, to me, is the most important lesson that we’re learning from this process.
At Its Core – It’s About Censorship
Sure, we get it. Wall Street is rigged. We all had a feeling that this was the case, and it’s something that NEEDS to be addressed for sure…
But what is more terrifying is the fact that Big Tech will boot you out of their systems and silence you if you oppose them in any way.
We thought the government was going to be the Big Brother to worry about…
But it seems that Big Tech may be worse.
Big Tech censorship has become the method of control that elites and Liberal politicians are leaning on.
However, this story isn’t over…
Not by a long shot.
In fact, you could say that this could be just the beginning of one of the most important fights our generation has ever seen…
The little guy versus the Big Tech/Wall Street overlords.
So, settle in, boys and girls…
We’re going to be in for a wild ride!
“u can’t sell houses u don’t own u can’t sell cars u don’t own but u *can* sell stock u don’t own!? this is bs – shorting is a scam legal only for vestigial reasons.” – Elon Musk via Twitter
Believe it or not, not every One Percenter is out to get you. There are plenty of the uber-rich that try to give back to their communities. Elon Musk, Warren Buffett, and others have often gone out of their way to help the little guy get the opportunity to make as much money as they do. Louis Navellier is one of those uber-rich that is helping others get to where HE is – and right now, he’s showing working-class people how to grow their wealth. See what he’s telling EVERYBODY to do with their money and WHY by following this link.