Connect with us

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.

Published

on

SOPA Images via Getty Images

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.

SUBSCRIBE on YouTube:

Follow on Twitter:

———————————————————————————————————————

ALERT!

null

New limited edition merch now available! Click here.

In the age of mass Silicon Valley censorship It is crucial that we stay in touch.

I need you to sign up for my free newsletter here.

Support my sponsor – Turbo Force – a supercharged boost of clean energy without the comedown.

Also, I urgently need your financial support here.

———————————————————————————————————————

Continue Reading
Comments

Economy

New Bill Would Mandate Federal Reserve to Promote “Racial and Economic Justice”

Two tier financial system in America?

Published

on

Xinhua News Agency via Getty Images

A new bill would extend the Federal Reserve’s mandate to promote “racial and economic justice,” prompting concerns as to whether this would lead to discrimination.

“H.R. 2543 would expand the Federal Reserve’s existing dual mandate of maintaining price stability and full employment to focus on promoting “racial and economic justice in borrowing, housing, and lending,” reports Valiant News.

If the bill is passed, the Fed would be responsible for maintaining “racial equity,” which would potentially create a two tier economy, one for white people and another for non-whites in America.

“In effect, the passage of this law would make racial equity an integral part of the Fed’s mandate,” writes Jose Nino.

As we previously highlighted, the Fed encouraged Americans to combat soaring meat price inflation by swapping turkeys for soybean products during Thanksgiving.

Biden administration loyalists have run cover for the Federal Reserve by blaming soaring inflation on everything from failure to properly condemn January 6 to nationalism itself.

Earlier this month, the Fed announced its “biggest interest rate hike in more than a quarter century,” although the three-quarters of a percentage point raise brings the current 1.5%-1.75% rate nowhere near the 20% rate enacted by Paul Volcker in the early 1980’s.

The Biden administration has relentlessly denied that the country is heading for a recession, despite a cost of living crisis and multiple other financial indications that this is about to happen.

SUBSCRIBE on YouTube:

Follow on Twitter:

———————————————————————————————————————

Brand new merch now available! Get it at https://www.pjwshop.com/

PJW Shop

ALERT!

In the age of mass Silicon Valley censorship It is crucial that we stay in touch.

I need you to sign up for my free newsletter here.

Support my sponsor – Turbo Force – a supercharged boost of clean energy without the comedown.

Get early access, exclusive content and behinds the scenes stuff by following me on Locals.

———————————————————————————————————————

Continue Reading

Economy

Video: Reporter Asks White House If Americans’ Only Choice Is “$5 A Gallon Gas Or A $61,000 Electric Car?”

“Sounds like a painful transition”

Published

on

Steve Watson

Screenshot

The White House Press Secretary Karine Jean-Pierre was asked Thursday to explain why the Biden Administration’s only solution to soaring gas prices seems to be to ask Americans to deal with it or spend upwards of $55,000 on an electric vehicle.

“A lot of people can’t afford a $61,000 electric car and they are also having a hard time affording gas right now. That sounds like a painful transition,” Fox News reporter Peter Doocy said to Jean-Pierre, referencing the several times Biden officials and the president himself have touted a ‘transition’ to green energy.

“We are in a transition to clean energy…it’s going to create jobs,” Jean-Pierre responded, sounding like a broken record.

“Yeah but who can afford an electric car? The average price is $61,000! Is that the choice $5 per gallon gas or a $61,000 electric car?” Doocy further inquired.

“That’s apples to oranges. It’s not the same,” she responded.

Jean-Pierre went on to tout Biden’s so called gas tax holiday, which even Democrats immediately dumped on Thursday:

After repeatedly blaming Vladimir Putin for America’s soaring gas prices and cost of living, and then attacking American energy companies to boot, Biden spent Thursday blaming gas station owners for high prices:

Seems like everyone except him and his administration is to blame.

SUBSCRIBE on YouTube:

Follow on Twitter:

———————————————————————————————————————
Brand new merch now available! Get it at https://www.pjwshop.com/ PJW Shop

ALERT! In the age of mass Silicon Valley censorship It is crucial that we stay in touch.

We need you to sign up for our free newsletter here.

Support our sponsor – Turbo Force – a supercharged boost of clean energy without the comedown.

Also, we urgently need your financial support here. ———————————————————————————————————————

  • Continue Reading

    Economy

    Pathetic: Only 11 Per Cent Believe Biden Narrative That Putin is to Blame For Record Gas Prices

    Majority blame the president.

    Published

    on

    JEFF J MITCHELL via Getty Images

    Only 11 per cent of Americans believe the Biden administration’s narrative that Vladimir Putin is to blame for record high gas prices, with the majority blaming Biden’s poor energy policies instead.

    A Rasmussen poll finds that 52 per cent of respondents think unaffordable gas prices are the fault of the president, with the vast majority rejecting the ‘Putin price hike’ excuse.

    The survey also found that 80 per cent of Republicans blame Biden for the energy crisis, while 54 per cent of Independents also say responsibility lies with the occupant of the Oval Office.

    29 per cent of respondents who didn’t blame Putin or Biden said greedy oil companies were the culprit.

    After the Biden administration’s attempt to blame the Russian leader failed to land, the White House has switched its rhetoric to start blaming oil companies, with Biden asserting the industry is “making more money than God.”

    The poll reveals that Americans are also unimpressed with the media’s attempt to prop up the failing Biden economy, with just 11 per cent saying it has gotten better, with 57 per cent rating his economic performance as “poor.”

    Biden loyalists have become increasingly absurd in trying to explain away gas price hikes and inflation, with former Treasury Secretary Larry Summers blaming people who downplay what happened on January 6.

    “The banana Republicans who are saying that what happened on January 6th was nothing or OK are undermining the basic credibility of our country’s institutions and that in turn feeds through, uh, for inflation,” said Summers.

    BlackRock CEO Larry Fink also ludicrously claimed “nationalism” was to blame for inflation, asserting, “The rise– whether you call it nationalism or the rise of this belief that we have to focus on communities that have been devastated by globalization, we need to find ways of creating better jobs for more Americans, that in itself is inflationary.”

    As we highlighted earlier, more emergency services in the U.S. are having to limit the amount of 911 calls that they are responding to in person because of record high gas prices.

    SUBSCRIBE on YouTube:

    Follow on Twitter:

    ———————————————————————————————————————

    Brand new merch now available! Get it at https://www.pjwshop.com/

    PJW Shop

    ALERT!

    In the age of mass Silicon Valley censorship It is crucial that we stay in touch.

    I need you to sign up for my free newsletter here.

    Support my sponsor – Turbo Force – a supercharged boost of clean energy without the comedown.

    Get early access, exclusive content and behinds the scenes stuff by following me on Locals.

    ———————————————————————————————————————

    Continue Reading

    Trending