El Rushbo (Rush Limbaugh), during yesterday's show, explained in detail what was happening concerning the GameStop story. He was, for once, accurately quoted by the mainstream media following his show. Frankly, the talking heads of the media don't have the intelligence needed to explain it well enough to make people understand it. So, they quoted Rush.
Here's some snippets:
RUSH: Let me go over some things here just to set the table, give you some things that are gonna shake out today that we’re gonna be talking about. There’s a fascinating thing — it is the most fascinating thing that’s going on out there a long time. Have you heard the story? Do you know the details of what’s going with GameStop?
Folks, it’s not just political now. The elites are bent out of shape that a bunch of average, ordinary users have figured out how to make themselves billionaires using – (interruption) I’m gonna explain it. I’m gonna take the time necessary to explain this. You’re damn right. I’ve been studying it all morning. And the best thing I can tell you is that whatever you think is going on in politics — the Washington establishment, the deep state, what have you — it’s the same thing in finance. There are those who are allowed to make all of the money and those of you who aren’t.
And if you figure out how to make a lot of money and if you’re like Donald Trump and you figure out how to get elected, you figure out how to beat the deep state, they’re gonna come out and they’re gonna wipe you out; they’re gonna destroy you. That’s what’s happening with GameStop. A bunch of people on Reddit figured out how to game the system. They figured out how to turn the system into a profit-making device for themselves.
In the process, they are harming the intended winners in this financial circumstance, and that would be the hedge funds out there. The hedge funds are supposed to be the ones making a lot of money, and they’re not. And they’re begging other hedge funds to bail them out. So, yes, I’m going to explain this. It’s not gonna take a long time, but folks, it’s fascinating. And the reason that it is fascinating is now it’s not just politics.
Now they’re not just calling us racists, sexists, bigots, homophobes in a way to control us, in a way to shame us. Now they’re actually making it clear to anybody who has the ability to notice that you’re not allowed to use the stock market the way they do. You’re not allowed to profit. You’re not allowed to make the kind of money they do.
But this GameStop business now makes this something that is understandable beyond the political world, and that is its value. It’s not just political anymore. It’s not just that you can’t think for yourself on issues and matters of politics. You know, everything is rigged in favor of the elites, and this has come along and upset that rigging. You know, if everything doesn’t benefit the establishment, then it has to be censored, right? Your speech, your attitude, if it doesn’t benefit the establishment, it’s gotta be censored. It’s gotta be canceled. It’s gotta be silenced.
Some hedge fund managers shorted GameStop’s — now, what is GameStop? What the hell is it? GameStop is a company. This has not been widely explained because the elites don’t take the time to explain this. But let me tell you what it is. GameStop is a company that sells physical copies of video games in dying malls. I mean, they’re an out-of-fashion company. It’s another thing that ticks off the elites. This company is way behind the times. They’re selling physical copies of video games next to all the other dying stores in malls.
But right now GameStop has become the most highly traded asset in the United States. GameStop’s stock price was $4 last summer, $20 at the end 2020, is now worth close to $300. And here is a passage from an elitist publication describing it.
“Essentially, many normal-ish people have made a huge bet against gigantic [hedge funds] financial institutions and are currently winning. In practice this means we are seeing one of the -” and here is the rub of it, folks. “We are seeing one of the largest wealth transfers from the financial ruling class to the middle and middle-upper classes in recent memory.” And it’s not been authorized, you see. It’s just happening within the normal ebb and flow of the market. Some normalish people figured out how to earn a hell of a lot of money using the establishment’s own methods against them.
To read the full story, go here.
No comments:
Post a Comment