08 February 2021
04 February 2021
The *stock market* is a dump for the rich. The rich dump the loot they steal from us chumps (example: the chump has to buy a shitty used car to drive to his shitty job, and the rich offers him a piece of shit that he can't buy without financing, so the piece of shit which is price-tagged at $7500 actually ends up costing an additional 3.9% or whatever). The rich toss this loot in the dump, turn it into a company with a fancy name, then trade it back it and forth among themselves, giving each other *earnings,* which is what they call the money they create out of the thin air through which they play catch with each other's gold.
The rich get richer and richer off this usurious Ponzi scheme until it collapses, with whatever small loss on their huge gains they incur written off to their additional benefit on their crooked tax returns, and then they turn right back around and start it all over again. . .
But in the last couple weeks, the *stock market* has actually reflected the *real economy.* The reddit wallsreetbets GameStop madness, in which the rich got sloppy with their *short* usury and didn't buy way too much of a worthless GameStop stock they pretended they were going to buy, and got put in a David-and-Goliath squeeze by some reddit nerds, with the result that the GameStop stock became an albatross around the necks of some of the rich, and a goose laying golden eggs for a few reddit nerds (if you want all the technical details of this nonsense, read this) became a sad sign of the times.
By the time the average poor chump heard of the GameStop squeeze and rushed to wallstreetbets to find out how to make some EZ money, the Game had already Stopped. The $4 stock had almost hit $500, and was starting to slide back down when a rampaging mob of chumps tried to join the party. Unfortunately, when the chump mob hit wallstreetbets, they encountered false prophecy after false prophecy predicting that GameStop was headed for another squeeze, and the stock would shoot back up past $500, then to $1000, $5000, $10000. The chump mob was convinced a $4 stock priced at $300 was still a *ticket to the moon!* Convinced? No. Not unless you believe half-a-dozen rocket emojis at the end of a day(trader)dreamer's fantasy is convincing.
No, the chump mob wasn't convinced, it was inculcated. . .
Ha, the chump mob saw Satan fall like lightning, and became initiates into the cult of usury, imagining they, too, could use the same magic as the rich, and transform into the rich. . .
So the wallstreebets GameStop madness must surely be a sign of the times, and a true reflection of the *real economy,* for only a mob of chumps driven nearly senseless by the unrelenting hopelessness of the *real economy* could latch on to such a desperate, mad belief.
Can you imagine the defeat, the impossibility of realizing a dignified income, the futility of paying your masters, that would provoke a mob of chumps to scrape and scratch, to beg, borrow or steal for one single $300 share of a dangerously combustible stock of GameStop in the hope it would turn into $5000 or $10000 in a couple day's time? What kind of *real economy* produces such madness? Only a broken economy, a economy beyond fix, an economy that may only be a $1200 stimulus check away from complete collapse.
It's an economy of great divide, the chasm now between the vast poor and the few rich so great, only a GameStop rainbow could bridge it. . .