Richard: "He's here! He'll get no satisfaction out of us! Don't let him see you beg! Take it like a man!
Geoffrey: "You fool! As if the way one falls down matters!"
Richard: "Well, when the fall is all that's left, it matters a great deal."
"Both establishment Democrats and RINO Republicans are wanting Trump voters, and this includes many Democrats, to publicly say that Joe Biden won the 2020 Election legitimately, even though the evidence and numbers say otherwise. Why? Is it because the Fraud is so big it will never go away. Is it because the Deep State wants the Biden Administration to be seen as legitimate, even though many think the government is, in fact, illegitimate. Is it because the fraud is so big that Trump will have to be returned to office one way or another? Who knows, but many strange things are going on in our nation’s capitol that we have never seen before. We live in interesting times. That is the only thing you can say for sure.
The Democrats and some Republicans voted to try to impeach President Trump for a second time, and this charge is more bogus than the last. They say his claims about the massive election fraud that happened nationwide with the 2020 Election are false. So far, not a single court, including the U.S. Supreme Court, has heard any evidence. This is a stunning fact, even though more than 40 cases have been filed and rejected. This includes four cases on hold at the U.S. Supreme Court. Again, they have been rejected without hearing one bit of evidence. With the Impeachment in the House and trial in the Senate, President Donald Trump will finally have his day in court. Trump will be able to show evidence of massive voter and election fraud. This impeachment will backfire. Let’s hope the American people will finally see the evidence that their vote and their country have been stolen by the Deep State.
"Who would imagine GameStop would be the pivot of one of the most frenetic stock market rallies and spark the blow-up of a major hedge fund? Until last summer, the video game retailer was quietly fading at the brick-and-mortar background and it suddenly saw its stocks sent to astronomical highs as a Reddit group named WallStreetBets started to massively buy them, putting Melvin Capital Management - a hedge fund that shorted GameStop stocks - in big trouble. But, apparently, the hedge fund was only the first to explode and another target is already on the line. That's what we're going to expose in this video.
Not long ago, GameStop was just one of the thousands of retail chains silently decaying as brick-and-mortar operations continue to collapse amid the rise of e-commerce and, of course, the restrictions brought on by the health crisis. Sales have been declining for years, the video game retailer was losing money, and its stocks traded for around $4 a share. But yesterday, GameStop stocks were trading at $339 a share. On Tuesday, they were at $148, and three days earlier, at $38. Which means that shares went up almost ten times in less than a week.
In August 2020, the founder of the online pet store Chewy, Ryan Cohen, sold his business and made a considerable profit. Then, he started buying GameStop shares. Cohen outlined that the company needed to keep up with the modern changes of the digital era, close several branches and make an entrance into the online realm. Several investors followed the move and snapped up the shares of the struggling retailer in hopes of a better future, which tripled their price by the end of November. Conversely, some major hedge funds, most notably Melvin Capital Management, began shorting GameStop, arguing that the idea of a recovery for the video game chain was unrealistic.
On the other hand, a Reddit group named WallStreetBets recently started to talk about GameStop stocks and buying its shares. But they weren't motivated to do the massive purchases just to make some money, they actually intended to spark chaos amongst investors while bankrupting some hedge funds. Consequently, the share prices of the video game retailer skyrocketed and those who shorted on it like Melvin were forced to cover. Just like that, GameStop has found itself in the middle of one of the greatest stock market bubbles in modern history.
So after discovering that Melvin Capital was shorting not only some of the biggest day trading darlings but also some of the most shorted names, the fund has become the main target of the violent bull raid of WallStreetBets, but some strategists have been arguing that there most certainly will be other casualties, and it seems that the new candidate for a second hedge fund collapse is Maplelane Capital.
Taking a quick look at the company's latest 13F, we can see that Maplelane not only has the very same shorts that almost led Melvin Capital to total liquidation, as it has even more puts. In other words, all the troubles Melvin Capital is currently facing might also impact Maplelane very soon. That aggravates the situation even further, considering that with an even deeper book of puts, the Reddit community will now have even more stocks to ramp up in an attempt of forcing a short squeeze either at Maplelane or any other hedge fund that follows the same shorting tendencies as the company.
Overall, it seems like WallStreetBets is indeed behind the market right now. By analyzing some of the industry's favorite longs shows, experts affirmed that they are collapsing while the most shorted names keep soaring. Bubbles like this always end in a crash. In short, this whole situation outlines how the continuous rise in stock prices we have been witnessing since 2009 shows to us how the financial system is completely disconnected with the U.S. economic reality. It's important to highlight that the main enabler to the formation of this new bubble is the Fed. Trillions in printed money injected into the financial markets have created a biblical flood of money with nowhere to go but speculative assets.