Month: January 2021

BOOM! House of Congress calls Justice Department for IMMEDIATE INVESTIGATION of Robinhood, Melvin Capital and Citadel

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Now it's getting interesting. House of Congress calls Justice Department for Action against @RobinhoodApp #melvincapital and #citadel regarding #wallstreetbets and #GameStop, #RobinHood pic.twitter.com/xo6lysq9aU — Boppiboy (@boppiboy) January 29, 2021 https://twitter.com/themaxburns/status/1354875496153165827 https://twitter.com/themaxburns/status/1354868395754332167 https://twitter.com/themaxburns/status/1354870339155750913 https://twitter.com/themaxburns/status/1354872948226732046   h/t Anonymer Feigling

The Coming Revolt of the Middle Class

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by Charles Hugh Smith via Of Two Minds That’s how Neofeudal systems collapse: the tax donkeys and debt-serfs finally rebel and start demanding the $50 trillion river of capital take a new course. The Great American Middle Class has stood meekly by while the New Nobility stripmined $50 trillion from the middle and working classes. As this RAND report documents, $50 trillion has … Read more

If you think the short squeeze in #GameStop is epic, wait until you see what happens to #gold and #silver when the shorts in those markets are forced to cover.

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If you think the short squeeze in #GameStop is epic, wait until you see what happens to #gold and #silver when the shorts in those markets are forced to cover. GameStop can easily issue more shares but new supplies of physical gold and silver to deliver will be very hard to find! — Peter Schiff … Read more

The 50 Most Visited Websites in the World

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by visualcapitalist If you spend any time online, it’s likely you’re familiar with some of the world’s most visited websites. On today’s internet, a handful of giants have unmatched dominance. Top Three Websites (Monthly visits): Google: 92.5 billion YouTube: 34.6 billion Facebook: 25.5 billion Together, the top three websites rake in 152 billion visits monthly, outpacing the next … Read more

GameStop – Who Done It?

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by Martin Armstrong   While many pundits are calling this the “squeeze of a lifetime” and a war of retail against the hedge funds, in reality, it was a PERFECT cyclical move after 13 years down. Of course, they are claiming that a band of retail are waging war against the Hedge Funds and the press is claiming “one … Read more

Reddit Day-Trader Frenzy Sends Silver Prices Soaring

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By MINING.com  Reddit investors have discovered silver, with everything from silver miners, silver ETFs and the actual price of the physical metal itself soaring on Thursday. Spot silver soared as much as 6.8%, the biggest jump since August. IShares Silver Trust, the biggest exchange-traded instrument backed by the metal, rose as much as 7.2%, the biggest … Read more

The Dollar’s Reserve Currency Status Won’t Last Forever

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by Doug French via Mises The Federal Reserve and the confederation of central banks which follow Chair Powell and his lieutenants at the Eccles Building have flooded the world with fiat script which is only limited by Keynesians’ and modern monetary theorists’ imaginations. In this flurry of metaphorical printing, one country, Russia, has loaded its central bank balance sheet … Read more

Who’s Next after GameStop?

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by Shaun Richards This morning it is hard not to have a wry smile at the recent turn off events. If we start with the share price of GameStop it went as high as US $380 and as low as US $249. It was at US $290 after hours. If we return to my explanation … Read more