You’ve probably heard by now about the surge in GameStop’s stock price thanks to a reddit user that encouraged folks to buy it up and hold it. And you’ve probably further heard that because of it, a huge hedge fund known as Melvin Capital lost billions.
It’s crazy how quickly the elite will backtrack on their love for a free marker once their little game is played against them.
They hate the free market now that it’s caused them to lose a big chunk of their wealth. Before when it only added to their empire, they loved it oh so much.
They’re now out there saying how such a surge in the price is “unfair”, how the free market is imbalanced since it can allow poor people to stifle their riches.
Yet it wasn’t seemingly a problem when they were practicing hoarding. Fuckin’ slimey bastards.
It wasn’t so unfair when they were pulling the exact same tactic to stuff their wallets for years. Such hypocrites!
Turns out, they are NOT in favor of a free market. What they are in favor of is a market that benefits the rich and screws over the poor. When the good ole reverse card is played, they’re so quick to criticize how awful a ‘free market” really is.
It’s like the serial cheater that gets cheated on and gets all upset. Like dude, uhhh, ya *had it coming*. It was just a matter of time. You can’t pull some bullshit and expect no bullshit to be flung back at you at some point.
I’m not one to be too spiritual, but that’s fucking karma and a half! No joke.
Now you might not understand the ins and outs of how this all happened so I’ll give you the TLDR version. Basically, Melvin Capital made a huge bet on short selling GameStop stock. What that means is they rented shares (of GameStop) from a borrower and sold it immediately, with the hopes that the price of the share would fall. (Spoiler alert: it didn’t! It actually went up...A LOT!)
Just to put this in simple terms: Let’s say the share is $10each, when they initially borrow the share. They’d then sell the share for that $10. At that point, they still owe their borrower a GameStop share. The strategy is then to wait for the price to fall and “short sell” it for a profit. Let’s say the price does fall to $5.
They then buy the share for $5 and return the “borrowed” share to the lender. Since they originally sold it for $10 and re purchased it for $5, they would make a profit of $5.
If the price goes UP. Let’s say to $100. That kind of ruins the game plan. They were betting the price would fall, not increase, yet alone increase tenfold.
Now, they *still* owe their lender a share but now have to re-purchase it at a loss.They sold it for a mere ten bucks and now the price has skyrocketed. Uh oh! And the longer they wait to purchase it, assuming the price continues to rise, the bigger loss they have.
Reddit user “DeepF” figured out this hedge fund’s little scheme to make huge bank short selling GameStop and decided it was time *the people* take a slice of that pie.So he gathered people of the Interwebs to buy and “HOLDL” GameStop stock, refusing to sell their share.
Thousands of reddit users joined forces to buy GameStop shares to drive the price up exponentially in what would later become the biggest headline of the week.
Soon after, Melvin Capital lost a whopping $19 Billion (with a B) and poor people who happened to go along with this little reddit brigade made some decent profit.
Bringing down the billionaires! Those greedy bastards. Huzzah! It’s quite a victory.
You know what they say, if you can’t beat ‘em, join ‘em. So we (as the lower class) joined the elite’s little gambling game and ended up winning. Now they’re absolutely livid. They are literally fuming in rage.
Now the people on Wall Street are throwing their arms in the air, shouting “we need regulation!” They’re getting mad that people were able to profit so quickly and cut out billions of their own assets.
Wait, what? The same people who have been arguing tried and true for a “free market” are freaking the fuck out , calling for some form of regulation now that someone played them at their own game.
A large group of lower class investors outplayed these greedy ass billionaires and they want some sort of retribution for it. They rigged the market in the same way the hedge fund managers have been doing for so long.
“Wait! No! Stop! You’re poor! You can’t do that!”
They sat on their hordes of wealth, controlling the market the way they see fit for decades, believing never in their lifetime, never at all, would poor people rise up against them and show them a bit of karma.
They lived in their own little bubble of elitist people, keeping the billions upon billions all to themselves. Or so they thought.
It was only when a clever reddit user decided
“Let’s give them a taste of their own medicine.” that the whole thing flipped on its head.
Now they’re spitting it out and throwing a tantrum.
Yeah, sucks doesn’t it? Sucks when the entire state of the economy is in someone else’s hands, huh? Sucks when someone keeps all the wealth (or GameStop shares for that matter) to himself, doesn’t it?
They got a taste and they don’t like it. Not in the least bit.
Fact of the matter is: They made a bet. They’re just mad that they lost.
And they’ll cry “But that’s manipulating the stock market”
OH! IS IT NOW???
Something you’ve been doing for years, forcing the price of stocks to change on a whim, is suddenly immoral and objectionable now that the general public has managed to pull off the same maneuver.
That’s because they know the truth. It’s not gambling. It’s not even a game, really. The whole damned thing is rigged. The winner is the one who has the money (read: power) to rig it in the way they want.
Being a high class billionaire, you don’t really see or expect much competition. I mean, who can compete? Certainly not millionaires, yet alone minimum wage workers.
So when poor people decided to collaboratively pull together large amounts of money to buy and hold GameStop stock, it really threw them for a loop. The market, in which they once controlled, was now, completely, out of freaking control (well, to be fair ,it was in control but under different hands - the hands of the people).
When rich people say they want a free market, they really just want the ability to “freely” manipulate the market however they want with the huge amount of money the own. They don’t mean they want other people to have the ability to do so ‘freely” in return.
Losing control over something once taken for granted or simply expected is enough for anyone to induce panic.
They’ve grown to expect things to go a certain way, a formula to be followed if you will. “We are the rich. We own this shit. The poor will complain and complain but won’t do anything about it.”
That’s what they’ve come to expect. That’s the way they were living. They took it all for granted. It was just the way things were and always be, in their mind. They had this very “Can’t touch us” attitude”, where it’s “We’ve got the money, what you gonna do ‘bout it?” and expect no sort of rebuttal.
It’s like the bully who keeps picking on the one kid, never expecting him to punch back, but when he does, it’s fucking nerd strength, all the built up pain and resentment of being harassed and teased for years comes out in a wrathful fist.
The poor have been bullied by the rich for years, and this little GameStop jump was our nerd fist knocking them out with unforeseen strength. We’ve had enough already!
We (the poor and middle class) did something about it. We broke the fence, the invisible barrier of “financial expertise” the billionaires hid behind and we came in like a wrecking ball.
It sent the message of “If you won’t give it to us, we’ll take it!”
They thought we’d just keep on schlepping to work, chasing the dream of fortune. They stole our lunch money! Little did they know we’d have the balls to come and take it back
And panic they did, watching their assets plummet. How humiliating. Aww, poor billionaires. They got their ass kicked, like the bully, rightfully deserved.
But they didn’t just shut up and admit defeat, as any bully really would do. They had their pride, their Ego, their big pompous attitude that they had the RIGHT to all their riches, just like a bully believes he has the right to your lunch money.
They wanted to force these squatters to sell their shares “for sake of the economy.” Yeah, as if “the economy” is solely based on how the rich are doing and not your everyday folk.
Meanwhile, GameStop shareholders who caught the drift just told them to “stick it”. After all, that’s free market, baby! Can’t force someone to do anything with their share. They held their share and held it tightly as the price of GameStop flew to the moon.
It’s funny how they’ve sat in their fancy yachts, sippin fancy cocktails, chuckling to themselves “Oh look at these poor people. How pathetic of them to always ask for handouts”
We asked for higher wages, a more fair distribution of wealth, and they replied saying:
“Quit complaining about low wages and learn financial literacy. Learn how to invest.”
So we did. We know how to use Google. We figured out their little game. ANd we played it. We played it hard.
And now they’re all like:
“Oh wait! Not like that! Don’t invest like that! We mean just keep putting money away in a savings account so you can earn bread crumbs while getting us rig the stock market in our favor to make multi billions of dollars.”
Got played by their own game. Now they’re broke.
Maybe they can take a page from their own book of advice and “pull up your boot straps.Get a good job Work hard.” I mean, that’s what they tell us. Certainly it can work for them.
After all, if they have the quote on quote “work ethic” that it takes to become a billionaire, then it shouldn’t be too much of a hassle to expect them to pull off the same feat a second time around, right?
No, of course not. ‘Cause they know deep in their heart of hearts very damn well it ain’t about hard work.
Saying hard work is the “key ingredient” to success is nothing but sheer propaganda to poor people to encourage them to continue to work their asses off for measly wages that’s barely enough to cover the bills.
These billionaired bastards know they’re lazy af and their “work hard for their money” message is all bullshit. They ain’t gonna practice what they preach ‘cause fact of the matter is, they’re speaking out of their ass when they’re telling you “Oh, you just gotta work hard.”
These last few days has proved that. These last few days has proven the obvious fact that billionaires don’t work hard. Their money works *for* them.
They have enough money to make money *off* their money. They make bets. Rig the bets. And win.
Things were going well for them for quite a while. They had it made. Be rich. Get richer. And tell the dirty poor they can be rich too if they “just work hard enough.”
But we decided. Ya know what, let’s stop listening to what they’re telling us, and let’s take a look at what are they actually *doing*. After all, actions speak louder than words. Let’s see what actions they are taking that’s keeping them rich and pull a little copycat and do the exact same thing.
Let’s replicate their playbook and not just listen to what we’re being told.
They can run their lips all they want, but it ain’t enough to convince us that “working hard” is the way to make billions. After all, some of us have been working hard ass for decades, day in and day out, only to earn a teeny weeny paycheck that can barely put food on the table, yet alone afford some sort of luxury expense like a yacht or ferrari.
It ain’t the coal miners schlepping underground who are billionaires. It’s the lazy assholes, sittin’ around doing nothing while other people as well as their own money rake in more dough.
We said “enough is enough”. We see what you’re doing versus what you’re telling us to do and we ain’t buying your bullshit no more. Hard work ain’t getting us rich, but you know what is? Manipulating the stock market.
People gathered ‘round to do what the billionaires were *doing* and guess what? It goddamn worked!
Years and years of working hard at a 9 to 5 job land they can’t even afford a pot to piss, but just a few days of “playing the game” of the free market, and BOOM baby! Jackpot!
I love it. It’s the modern day peasants grabbing their pitchforks, burning their crops, and storming the castle.
It’s the common folk no longer tolerating a corrupt rule and taking matters into their own hands.
It’s the procrastin8rs saying “We ain’t gonna work hard for money”
This is the beginning of a revolution.
It shows there is strength in numbers. Sure, the billionaires own *nearly* half the wealth. But you know who owns MORE THAN HALF the wealth? WE DO!
We, collectively, as the working class and poor.
There’s this notion that “The rich own everything and I can’t do anything about it.”
That’s what they want you to believe! They want you to believe you don’t have any power. They want you to believe you’re stuck being poor.
These past few days have proven that such a belief is false. We, the people, have the power to fight against these corrupt greedy billionaires. We have the power to redistribute wealth. We just gotta play their own game right back at ‘em.
We’re done schlepping 9 to 5 for your measly ass wages. We see how lazy you are. And we’re pretty damn lazy too.
We ain’t gonna work hard no matter what you tell us. Give us a bigger slice of the pie, or we’ll cut it ourselves if we have to.
Billionaires have been pulling strings to earn and keep their fortune. We’ve managed to find those strings and pull them ourselves. The tables have turned. The playing field is even.
Honestly, seeing so many people mass together and buy GameStop to surge the price and screw over a billionaire hedge fund manager is a complete game changer.
It shows we’re not as helpless to the rich and their power as they made us out to be. The rich ain’t so big after all.
But the fight’s not over. This is just a small battle won in a giant war between the classes. I’m not one to condone any sort of violence, nor am I actually declaring any sort of war.
Sometimes you have to fight for the good. You have to fight for what’s right. You have to protect the morale thing.
The next step is to do what the rich have been doing for years: BE LAZY.
I mean, let’s face it, after the huge $19 billion loss, you think any of those pompous bastards are gonna “work hard” to earn it back?
Of course not. They’ll just sit back and try and make more (rigged) bets to restore their wealth.They won’t spend a single 8 hour shift doing any sort of job. They’re not gonna “work their way up the corporate ladder” or anything. They’ll earn back every dollar the way they found to be most effective: getting other people and their own money to do all the work for them.
They know that doesn’t lead to billions. But it’s in their disinterest to have you believe otherwise. They need you to believe that. They need you to believe that working hard leads to success (in billions of dollars) in order to keep you distracted from finding ways in which to earn anywhere even close to that.
But ya know what? We ain’t distracted by their little charade any more. We see their sleight of hand and it ain’t tricking us any more.
The fact that your average blue collar worker was able to make even a bit of a small fortune from the GameStop frenzy can perhaps wake people up and make them realize “Wait a minute, what the fuck am I actually doing at this job?”
Wealth is gonna have to be redistributed one way or the other, whether that’s by increasing wages or having the poor unite and play the rich’s own game in the stock market.
They’ve sat on their hoard of gold too long. Dragon fuckers!
And by the way, just to clarify, I’m all for profit.
I’m all for businesses building up their own enterprise and making a profit.
But there is a difference, a very fine line, between profit and GREED.
A billion of dollars, yet alone multiple billions of dollars. That crosses that line. BY FAR. You don’t earn even a single billion by not screwing somebody over. You have to cut wages, cut healthcare, cut things people need, in order to see yourself grow such a fat stack.
And maybe one might say “well they shouldn’t be FORCED to be charitable!”
I want you to humble yourself a bit. Look, no matter how much you earn, even if you manage to strike it rich with MILLIONS, you’re always a lot closer to being homeless than being a billionaire.
There is indeed such a thing as “excessive amount of wealth” and these people have it. It needs to be shared and if it won’t be shared, well goddamnit, we’ll take it.
If they ain’t gonna hand out, we’ll make sure they lose it and hand it over.
Of course, now they know that even though they are shark in the sea, a giant school of fish can be quite the predator.
Laziness is how these people earned their wealth and we’re just embracing our own laziness to get what we deserve.
The crazy thing about all this. Despite the number, ya know 50% of the company’s networth gone. That’s a lot.
But ya know what? It ain’t nothing. They’ll be okay. More than okay. They’ll be able to live life actually pretty luxurious despite all this.
I mean, can you imagine losing half of your net worth? You probably couldn’t even pay a single month’s rent, yet alone go off to buy a giant farmhouse to settle and retire in.
Despite the insane amount of BILLIONS that were taken, it’s really just shaving off a small amount of the wealth available.
The fact is, there is plenty. More than plenty of resources. And we could all live a life of luxury and leisure. It’s just a matter of how willing (or unwilling) people are to share it. And so far the pattern is to be greedy and refuse to share it at all.
I like the fact that we’ve begun taking matters into our own hands. We’ve begun to slowly yet surely take heaps of gold from the evil dragon’s lair.
Moving forward, watch as these billionaires are given bail outs for their “mistake”. Mistake? Bullshit.
You think if you or I made a “mistake” in the stock market and lost some money, we’d be compensated at all? Oh HECK NO!
The system is corrupt at its very core. And unfortunately, politicians tend to follow the desires of whoever fills their wallets. I wouldn’t be surprised if they once again laughed off an increase to the minimum wage and signed an order to bail out these billionaires without blinking an eye.
We just have to remember: While individually, we may not have as much power and money as a billionaire, collectively, together, we have so much more power (and money) than they ever account for us using.
The GameStop surge is solid proof of what kind of power we hold.
Let’s embrace our laziness together and build the wealth we deserve.
Take it easy,