Posts by pistolpete

28

GameStop - Great Seeing Short-Selling Hedge Funds Get Beaten Up

by Simon in

in case you haven't seen what's happened with gamestop and redditors.. these are the people who drive companies like blockbuster out of business and put people out of work.. but maybe the people have more power after all .... https://www.youtube.com/watch?v=9toogruq7me.

pistolpete

What the Redditors did to the hedge funds, is what the billionaires have been doing for years to the average citizens who invest and are hoping to save enough money for retirement.

What happened the past few days is many Americans have come to realize that investment in companies as a way to secure a safe retirement, is one of the biggest cons run by elites. And this includes Democrats and Republicans who are part of the con. The stock market is not a real, honest entity.

The video is a real opener on how the stock market works.

https://www.youtube.com/watch?v=S0HvhZIyfag

72

How many TRUE BELIEVERS do you think are left in the Organization?

by pistolpete in

i have a few jw relatives who are true believers.

by this i mean, they believe with all their heart that 1914 was the beginning of the last days, that this is the last generation, that we are in the very last of the last hour of this system of things, and that you should obey the governing body even if it does not make sense.

all of them are in their 60s and up into their 90s there is nothing you can say or show them to convince them or even cause a small doubt that the wt is not god organization.

pistolpete

"Loyalists" might be a better focus.
he 100% believer, or even high percentage believer, can be shown that their beliefs are rubbish, if they open their closed minds, and they will leave, if it was only that they thought it was "the truth" that keeps them in. The loyal follower, as with any Cult, will stay until the end.

That's an interesting perspective I never thought of.

So with that in mind we have three groups associated with the organization

Loyalists

Believers

And PIMOs

Leaving out children under 18 who have no choice but to stay in until they are old enough to leave.

PIMOs who are adults and know it's not the truth but still attend for whatever reason---Would they be consider Loyalists?? Since they still attend and support to a small extent? Does not matter how small or minimal the support is, -------it's still support for the WT organization.

13

It Looks Like Impeachment Is Dead On Arrival In The Senate

by minimus in

jw
friends

most republican senators believe, as i do that you can’t impeach and convict a president unless he is in office.

with the opposing sides thinking, perhaps obama, bush clinton and carter could have their records reviewed and face the political punishment of impeachment and conviction after their presidency ended too?.

pistolpete

26,000 troops will stay at the Capital until Trump is impeached. But there's more.

https://www.youtube.com/watch?v=SxZ8rnXq81k

28

GameStop - Great Seeing Short-Selling Hedge Funds Get Beaten Up

by Simon in

in case you haven't seen what's happened with gamestop and redditors.. these are the people who drive companies like blockbuster out of business and put people out of work.. but maybe the people have more power after all .... https://www.youtube.com/watch?v=9toogruq7me.

pistolpete

Here are two interviews.

One from Reddit co-founder and what he had to say on WallStreetBets

Another from WallStreetBets founder and what he had to say about the average Citizen bringing a Hedge fund to its knees

https://www.youtube.com/watch?v=ByFuJ9tB4tY

https://www.youtube.com/watch?v=pH2GXmRDaSA

13

It Looks Like Impeachment Is Dead On Arrival In The Senate

by minimus in

jw
friends

most republican senators believe, as i do that you can’t impeach and convict a president unless he is in office.

with the opposing sides thinking, perhaps obama, bush clinton and carter could have their records reviewed and face the political punishment of impeachment and conviction after their presidency ended too?.

pistolpete

Do they make this up as they go along??

Of Course!

From time to time deliberative bodies are forced to take action against members whose actions or behavior runs counter to the group's acceptable standards for individual behavior. In the U.S. Congress, that action can come in the form of censure. Censure is a formal and public condemnation of an individual's transgressions. It is stronger than a simple rebuke, but not as strong as expulsion. Members of Congress who have been censured are required to give up any committee chairs they hold, but they are not removed from their elected position.

Not surprisingly, however, few censured politicians are re-elected.

So after millions and millions of Tax Dollars to censure Trump-----He can still run for President

https://legal-dictionary.thefreedictionary.com/Presidential+Censure

28

GameStop - Great Seeing Short-Selling Hedge Funds Get Beaten Up

by Simon in

in case you haven't seen what's happened with gamestop and redditors.. these are the people who drive companies like blockbuster out of business and put people out of work.. but maybe the people have more power after all .... https://www.youtube.com/watch?v=9toogruq7me.

pistolpete

joey jojo
It started with bundles of risky mortgages that were sold as investments and importantly, were used as collateral to borrow even more money. These sub-prime mortgages were deemed to be safer than normal by some shady grading practices, which allowed confidence to keep pumping them out. When house prices fell and the people who owned those mortgages defaulted on the loans, all of a sudden, the bundles of second and third grade, risky mortgages, upon which, so much money was speculated, fell apart and unraveled world markets. There are 'reputable' institutions- household names, that dont deserve to still be trading today and without government bail-outs, would have been long gone.
As an example, citigroup lost over $18 billion in 2008 and were given $45 billion in bail out money. The same year, they gave 738 of their employees a bonus of $1 million each. No-one went to jail, or lost their jobs for ineptitude- they were rewarded with tax payer money for failing.

That's exactly what happened. When we went over this in one of my finance courses, the thing that got everyone really angry, what the BAIL OUT AND BONUSES PAID OUT.

That's when I realized that the game was rigged!

28

GameStop - Great Seeing Short-Selling Hedge Funds Get Beaten Up

by Simon in

in case you haven't seen what's happened with gamestop and redditors.. these are the people who drive companies like blockbuster out of business and put people out of work.. but maybe the people have more power after all .... https://www.youtube.com/watch?v=9toogruq7me.

pistolpete

The Stock for GME today was like riding a wild horse. The price went from 483 to 112 per share. You would think that nobody would buy a ONE share of stock for 483 dollars but I was wrong, The share volume for today was over 54 million shares that were bought and sold in a matter of hours.

There were some kids in their teens who had bought some of the stock when it was 18 dollars a share. and they were cashing in according to some posts.

The closing price was 193 dollars. So it seems like many just cashed out and made their money.

Many of the people making this money were those that had lost their jobs because of lock-down. They were forced to learn how to trade stock. They figured out how the elites manipulate the markets. Many of them are not going back to their old jobs because they created a Wall Street of their own.

13

It Looks Like Impeachment Is Dead On Arrival In The Senate

by minimus in

jw
friends

most republican senators believe, as i do that you can’t impeach and convict a president unless he is in office.

with the opposing sides thinking, perhaps obama, bush clinton and carter could have their records reviewed and face the political punishment of impeachment and conviction after their presidency ended too?.

pistolpete

It seems Impeachment is a no go.

But now Congress is going to CENSURE MR. TRUMP.

What that means is that Trump will not be allowed to run for President ever again.

They know that if Trumps runs again----HE WILL WIN. And this time around, they will prepare for election fraud.

28

GameStop - Great Seeing Short-Selling Hedge Funds Get Beaten Up

by Simon in

in case you haven't seen what's happened with gamestop and redditors.. these are the people who drive companies like blockbuster out of business and put people out of work.. but maybe the people have more power after all .... https://www.youtube.com/watch?v=9toogruq7me.

pistolpete

Now CNN is blaming Trumpism for what happen to GameStop.

Pretty much all social media and MSM was making fun of Trump for caring about the stock market because "the people don't use the stockmarket" and then once people actually started using the stock market, the elites said "Oh no the people understand the stock market."

https://www.youtube.com/watch?v=S6Pb5CJchHk

28

GameStop - Great Seeing Short-Selling Hedge Funds Get Beaten Up

by Simon in

in case you haven't seen what's happened with gamestop and redditors.. these are the people who drive companies like blockbuster out of business and put people out of work.. but maybe the people have more power after all .... https://www.youtube.com/watch?v=9toogruq7me.

pistolpete

I personally resent swing traders, day traders, short sellers and the like

Sorry you feel that way, but that's how Wall Street works. Since COVID started in March and people have lost their jobs, businesses, homes, guess what they've been doing since then???

Between 16-25 million people have open up accounts and have started swing and day trading. Most of these are not going back to work because they figured out a way to make ten times more money than before. The past few days people who had lost their jobs have become millionaires overnight.

It's not something new, it just that the average Joe has finally learned how the Fat Cats of Wall Street make easy money.

https://www.youtube.com/watch?v=Dmw2mWNVS2A