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Economy

Americans Are Fleeing Lockdown States in Droves

And moving to open states that didn’t persist with draconian measures.

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Data shows that Americans are fleeing states with harsh lockdown policies like California in droves and moving to states which are more open like Arizona.

According to figures released by North American Moving Services, Americans are moving at higher rates than 2019 despite the lockdown restrictions, suggesting that their mobility is likely because of them.

As Jeffrey A. Tucker highlights, the pattern clearly indicates that there is an exodus of people from liberal states that continue to enforce draconian lockdown measures and that they’re all moving to areas where authorities have largely resisted imposing harsh restrictions.

“Consider the top five cities that people are leaving: New York, New York; Anaheim, California; San Diego, California; Chicago, Illinois; and Riverside, California. All five of those cities remain even to this day in stringent lockdowns. Indoor dining in California is not permitted, and will only be permitted in Chicago starting next week. New York is still in lockdown, despite Andrew Cuomo’s call for the city to be reopened.”

“And where are people moving to? The top five destinations are: Phoenix, Arizona; Houston, Texas; Dallas, Texas; Atlanta, Georgia; and Denver, Colorado. Georgia was the first state to reopen following the panicked lockdowns of March 2020. Arizona and Texas opened in July.”

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Illinois, New York, and New Jersey are the states losing residents faster than any other while Idaho, Arizona, Tennessee, South Carolina, and North Carolina are leading the way for inbound population.

A recent Gallup poll also found that nearly half of Americans expressed a desire to live in a small town or rural area in 2020, a 9 percentage point increase on 2018 when they were asked the same question.

As we previously highlighted, the wider trend of people fleeing big cities has been amplified by the reaction to the coronavirus pandemic, but it is also connected to concerns about crime and social unrest.

A survey carried out by the Manhattan Institute last September found that 22 per cent thought the anemic post-COVID economy was the biggest issue affecting New York City while 21 per cent were concerned about crime and public safety.

After the outbreak of the COVID-19 pandemic, NYC removal companies reported that demand was off the charts, with people fleeing city life for larger homes in safer areas.

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Economy

Viral Reddit Post From ‘Robinhood Insider’ Claims White House Pressured Broker to Block Buying of GameStop Shares

WallStreetBets community warns post may be a ploy to panic people into selling.

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A post claiming to be from a Robinhood employee that has gone viral on Reddit alleges that the White House put pressure on the broker to halt buying of GameStop shares.

Retail traders were left fuming earlier today when Robinhood and other trading platforms curbed buying of stocks that the Reddit community WallStreetBets has targeted in its bid to bankrupt hedge funds.

Many saw this as a blatantly corrupt, and potentially criminal, move to rig the rules in order to protect the interests of multi-billionaire Wall Street financial interests that stand to lose vast sums of money if the stocks don’t plummet in value.

Now a person claiming to be a Robinhood employee claimed on Reddit that the Biden administration contacted the broker to pressure it to close trading on GME. The post has since gone viral, receiving over 23,000 upvotes.

The full post is reprinted below;

I work for Robinhood. Don’t kill me.

Low-level, technical shit, comp sciences major, not finance side.

Guess what we overhead today?

Vladimir, yes founder Vladimir, and the C-Suite, received calls from Sequoia Capital and the White House that pressured into closing trading on GME etc. I guarantee you the same took place at E-Trade and the others who closed trading.

File reports on the SEC page. If I wasn’t scared to be out of work in a pandemic I’d quit. I’m disgusted. We all need to rise up, this is as bad as it gets when we talk about how the rich get one set of rules, and the rest of us get screwed over, and over, and over again left to bail them out and pick up the tab for their trillion dollar tax breaks. We need to pile pressure on every government and financial institution involved in this travesty of justice.

I’m taking a massive career risk even posting here but fuck these motherfuckers.

The Biden White House said it was “monitoring” the GameStop situation yesterday but hasn’t announced any action publicly.

Over on the WallStreetBets Reddit forum, the consensus seems to be that the post is not believable, and may even be a ploy to panic GameStop stock holders into selling.

Meanwhile, in an email sent out in the last hour, Robinhood says it will allow “limited buys” of GameStop and other similar stocks tomorrow.

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Economy

Big Tech, Corporate Media Smears WallStreetBets as Racist!

Calling Reddit stock nerds “white supremacists” is surely peak “everyone I don’t like is a Nazi.”

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The Wall Street Journal is now describing WallStreetBets – the Reddit community that is taking on corrupt hedge funds – as “straight up white supremacists.”

Deplatforming works!

Yeah, it works great for the financial elite.

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Economy

Financial Elite Big Mad as GameStop Saga Accelerates!

The show goes on!

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Media talking heads are calling for a crackdown on a Reddit community that launched a “financial French Revolution” against Wall Street.

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