How the fuck are every single one of these people so out of touch with reality, do they just not ever check the prices of the assets they own? Do they just not know how to read?
I get that, but I don’t think those at the top of the pyramid would be the ones on reddit
You should check out the fatFIRE subs. There are a shit load of bougies on reddit, they are absolutely in the stonk subreddits.
I think it’s more the constant smugness that really gets to me, the bazinga brains are all acting like everyone who states the extremely obvious fact that crypto is a scam and that the meme coin economy is in serious trouble are fucking idiots for not buying into their cult
It's wild to think that once upon a time the point of stocks was to get dividends from the profits of the company. That declining rate of profit really is a fucker.
It's terminal stage entryism.
It is practically impossible to get rich from nothing, especially now, but the fantasy is clung to harder than ever, driven by failsons that have something and do stand to make a profit by riding the fantasy seekers with less.
I may have used the word incorrectly. I wanted a term that summarized the deceptive notion that "now is the time to buy in, get that bag, get in at the ground floor or miss out" that is behind so many cryptocurrency peddling schemes and also the WallStreetBets and GameStop :brainworms:
I had a brief look at this last year the reverse repo thing does look like a legitimate warning sign of the crash, while the MSM was trying to push the same Fed talk about inflation being "transitory" bullshit.
This is a good video about it. Not that this is of much value since mainstream economic theory is pretty useless. But it certainly is compelling evidence.
But other than that it is all noise.
I remember the repo markets were going wonky the Autumn before covid hit. They lowered the fed funds rate in response then when covid hit they took it to zero.
Yeah, the Wall Street guys will definitely short Gamestop and AMC ridiculously aggressively again, after they got screwed over by it earlier.
What if none of those dorks own a single stock, and it's all just childish roleplaying? Some people like playing wizards and dwarves and others like pretending they're the Wolf of Wall Street
The Omega squeeze is coming, apes! Just put your life savings into a game company!
