New York hedge fund billionaire Leon Cooperman fumes at retail traders and shouts: “It’s a way of attacking wealthy people.”pic.twitter.com/t3DOgxScx9— Disclose.tv ? (@disclosetv) January 28, 2021
robinhood decided this morning to suspend buying of AMC and GME stock because regular people were making too much money, proving once again that any time the poors find a way to get any sort of financial foothold in this world the billionaire class will move swiftly to crush them— We are WSB Chairman (@arshbajwaa) January 28, 2021
Wall St billionaires when they’re manipulating the market to drive a business under and destroy the livelihoods of thousands of workers vs Wall St billionaires when a handful of internet nerds beat them at their own game #EatTheRich pic.twitter.com/JJHLuE14bH— Queenfish Sadie Long (@MrsHueyLong) January 28, 2021
We have finally achieved cross-partisan “unity” thanks to the laughably corrupt machinations of @RobinhoodApp— Michael Tracey (@mtracey) January 28, 2021
The fact that the immediate reflexive reaction of the media-elite class to the GameStop stonks thing was “White supremacists! Shut it down!” confirms everything right-wingers have been saying about discourse and power.— PEG (@pegobry) January 28, 2021
People generally dislike shady corporate collusion schemes — except on the occasions when their perceived political enemies are punished (i.e. the censorship purges after Jan 6). In that case, they love it— Michael Tracey (@mtracey) January 28, 2021
Merriam-Webster Changes Definition Of ‘White Supremacist’ To ‘Anyone Who Wins In The Stock Market When They’re Not Supposed To’ https://t.co/LVt731xODB— The Babylon Bee (@TheBabylonBee) January 28, 2021
Today is the 9th day that Biden has not canceled Trump’s tax breaks for billionaires and large corporations. pic.twitter.com/c1zPaP3dXN— Has Biden Done Anything Yet? (@WaitingOnBiden) January 28, 2021
Wall street can borrow billions to cover a short position.— Reddit Trading ? (@reddittrading) January 28, 2021
The more buying & the higher the price goes, the bigger the cover/margin call.
They will try to hold & wait this out.
MELVIN CAP lost $3 Billion USD shorting $GME.
Please retweet and share.
Operation Andrew Jackson: Kill the Banks pic.twitter.com/KmyafL6U1V— MAGIC BEHEMOTH (@BulgakovsPilate) January 28, 2021
Janet Yellen’s millions in speaking fees from Wall Street pic.twitter.com/6YwCjAwJkH— Jack Posobiec ?? (@JackPosobiec) January 28, 2021
We, the American People, have no intention on letting up in the GameStop Rebellion!— The American Statesman (@right_populist) January 28, 2021
Friends, countrymen, memers, & autists, ONWARD!!!
How dare the peasants buy stocks.— Catturd ™ (@catturd2) January 28, 2021
Watch how many Democrat and Republican politicians swoop-in, over the next week, and try to save their billionaire buddies on Wall Street.— Catturd ™ (@catturd2) January 28, 2021
It’s hard to find market manipulation more flagrant than this, but since it’s being done to protect the wealthiest and most powerful — Wall St oligarchs who own and control the establishment wings of both parties — it’s very hard to imagine the government treating it as such: https://t.co/VJnXpMAqkJ— Glenn Greenwald (@ggreenwald) January 28, 2021
I saw it coming.
Neoliberal Joe is president.
American elites are more hated and resented than ever before. Trust in institutions has continued to crash to new lows. There is a massive vacuum in the middle of the electorate that was once occupied by Donald Trump and Bernie Sanders. Wealth redistribution is going mainstream. The political establishment is brazenly using hard power to try to coerce, intimidate and muzzle its populist critics.
“On Nov. 20, 1938, WMCA in New York had enough of Father Charles E. Coughlin’s anti-Semitic bile. After a supposed homily entitled “Persecution: Jewish and Christian,” in which he denounced Jews in language that might have been lifted from Der Stürmer, an announcer broke in to distance the station from Coughlin’s talk. “Unfortunately, Father Coughlin has uttered many misstatements of fact,” he informed listeners. Donald Flamm, the president of WMCA, later pledged “not to permit a repetition” of Coughlin’s inflammatory remarks, words that were “calculated to stir up religious and racial hatred and dissension in this country.”
The story of Coughlin, the demagogic radio priest who dominated American airwaves during the Great Depression, offers an intriguing analog-age precedent to the digital-age debates over the limits of free expression. Then as now, the serene pleasure of no longer having to listen to a noxious voice blare incessantly in the ear coexists with a queasy unease at the realization of how suddenly and imperiously the rulers of corporate media can switch off one’s microphone.
Coughlin was the longest-lived and loudest of the rabble-rousing orators who channeled the grievances of millions of economically desperate and culturally unmoored Americans in the 1930s. The lineup included Louisiana Sen. Huey Long, who wanted to make “every man a king,” or so he said; Long’s self-appointed successor, the unhinged hatemonger Gerald L. K. Smith; and the comparatively sane and lowkey Francis Townsend, who rose to prominence on a scheme for an old-age pension giveaway. Of those figures, only Coughlin’s fame is impossible to imagine without the amplification of radio, beamed out live, coast to coast, the new transmission belt for American culture. For the first time, a politician, an entertainer, or an advertiser could enthrall a nationwide audience at the same existential moment. …”
Joe Biden is no FDR.
He is barely holding it together.
The political and economic climate is ripe though for another Huey Long or Father Coughlin to come along, mobilize populists and horse whip the professional managerial class.