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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

50 Cent Flees New York For Texas After Complaining About COVID Restrictions, High Taxes

Joins wave of Americans, both rich and middle class, leaving coastal cities.

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Rapper Curtis ’50 Cent’ Jackson has joined the wave of Americans fleeing New York, announcing that he had moved to Texas after complaining about draconian COVID-19 restrictions and high taxes.

“I love New York, but I live in Houston now,” 50 Cent told his social media followers. “I’ll explain later.”

However, the hip hop star had already made it clear why he was planning to leave the Big Apple in March by responding to Texas Governor Greg Abbott’s vow to lift mask mandates and other lockdown restrictions with the remark, “I’m headed to Texas fuck this.”

The actor and producer is also notorious for flouting COVID rules, having hosted a huge party in an aircraft hangar in St. Petersburg, Florida back in February, putting himself at risk of a massive fine.

In October last year, Jackson also said he was voting for Trump in an attempt to avoid Joe Biden’s punishing tax policies, which would have taken 62% of his earnings.

“I don’t care [if] Trump doesn’t like black people,” 50 Cent said. “62% – are you out of ya f**king mind?”

50 Cent follows Elon Musk and Joe Rogan in fleeing from a liberal coastal city to low tax Texas, but many ordinary Americans are also making the move.

A survey conducted in September 2020 found that two in five New Yorkers wanted to leave the city, with the reasons cited being crime and public safety as well as the anemic post-COVID economic recovery.

Moving trucks became a common sight on the streets, with 2020 showing a 44% increase in home sales in the suburbs compared to the same time period in 2019 as people flee for bigger homes in safer areas.

As we highlighted yesterday, judging by the supposedly ‘busy’ rush hour traffic in Manhattan, it may take years for New York to recover from draconian lockdown measures.

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Rotten Apple: ‘New York as Dead as it Was a Year Ago’

Is it ever coming back?

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Unlike other areas of the country like Texas and Florida, New York appears to be trapped in a permanent state of lockdown malaise, with one observer noting how empty streets suggest the city is “seemingly as dead as it was a year ago.”

Reason host Nick Gillespie tweeted a video of morning rush hour traffic on The Bowery, a street located in a normally busy neighborhood in Manhattan.

Suffice to say, it’s not that busy.

“New York is seemingly as dead as it was a year ago,” commented Gillespie.

Respondents blamed harsh coronavirus lockdown restrictions for the city’s decline.

“Everyone moved to Florida,” remarked one.

“It’s absolutely tragic what these morons have done to my beautiful city. It’s going to take years to recover from this,” commented another.

A survey conducted in September 2020 found that two in five New Yorkers wanted to leave the city, with the reasons cited being crime and public safety as well as the anemic post-COVID economic recovery.

Removal trucks became a common sight on the streets, with 2020 showing a 44% increase in home sales in the suburbs compared to the same time period in 2019 as people flee for bigger homes in safer areas.

Former hedge fund manager and entrepreneur James Altucher previously warned that the city was on its knees and that there were no signs of New York’s political leadership offering a way out of the malaise.

“We have something like 30 to 50 per cent of the restaurants in New York City are probably already out of business and they’re not coming back,” he pointed out.

Regular Black Lives Matter riots that include demonstrators telling white people to “get the fuck out of New York” also can’t be helping.

The trend of people fleeing big cities, largely as a result of the pandemic but also for other reasons, is mirrored in London, where 700,000 people left the English capital in 2020.

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Veteran Investor Says Governments Are Planning to Totally Outlaw Bitcoin

Cryptocurrency to mimic gold?

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Veteran investor Ray Dalio warns that governments across the globe are planning to outlaw Bitcoin because the financial elite cannot tolerate something that they don’t have monopoly control over.

“Every country treasures its monopoly on controlling the supply and demand. They don’t want other monies to be operating or competing,” Dalio told Yahoo Finance.

“So, I think that it would be very likely that you will have it, under a certain set of circumstances, outlawed the way gold was outlawed,” he added.

Dalio cited the 1934 Gold Reserve Act, which ended all private holding and use of gold as money. This followed the previous year’s Executive Order 6102, which made it a criminal offense for U.S. citizens to own or trade gold and led to a widespread confiscation program.

The investor said that Bitcoin’s volatile nature also posed a threat to financial elites’ control of money and banking, “because things can get out of control.”

Back in January, head of the European Central Bank Christine Lagarde called for global regulations on Bitcoin, labeling the cryptocurrency “reprehensible.”

“(Bitcoin) has conducted some funny business and some interesting and totally reprehensible money laundering activity,” said Lagarde, who herself was previously found guilty of financial negligence by a French court.

Bitcoin is also despised by cultural and media elites because it allows people who have had their lives turned upside down by deplatforming and denied banking to continue to operate.

One wonders what the trigger could be to create the moral panic around Bitcoin to grease the skids for its criminalization.

Perhaps a massive terror attack that was wholly funded by the cryptocurrency?

The value of Bitcoin has continued to surge in recent months and now stands at over $51,000 dollars.

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