TRANSCRIPT Mirror Rob Kirby The Future Of Financia Markets
David K. Lifschultz: New Forms of [Wall Street] Treason?
Letter
Max Keiser does not really understand what the monetary expansion has to cover.
You have according to the BIS 600 trillion in derivatives against a 81 trillion dollar world GDP or a multiple of 7. The BIS coordinates only the banks so this figure does not include insurance company derivatives or others in private industry unless a bank is connected to the transaction so it is grossly understated. Some Swiss bankers tell me it is more like 1.2 quadrillion and others up to 2.5 quadrillion. 1.2 quadrillion gives you a multiple on the world GDP of 14 and 2.5 quadrillion a multiple of 30.
Continue reading “David K. Lifschultz: New Forms of [Wall Street] Treason?”
Article: Federal agencies launch probe into possible manipulation after GameStop trading frenzy: WSJ
Article - Media, PublicationsFederal agencies launch probe into possible manipulation after GameStop trading frenzy: WSJ
Noor Zainab Hussain, 11 February 2021
(Reuters) – Federal prosecutors and regulators are investigating whether “market manipulation or other types of misconduct” led to a meteoric rise in shares of companies such as GameStop and AMC, the Wall Street Journal reported on Thursday.
The Justice Department’s fraud section and the San Francisco U.S. attorney’s office have sought information about the trading from brokers and social-media companies that were hubs for the trading, the WSJ reported, citing people familiar with the matter. on.wsj.com/3abznn1
Prosecutors have subpoenaed information from brokers such as Robinhood, according to the report.
Additionally, the Commodity Futures Trading Commission has opened a preliminary investigation into whether misconduct occurred as some Reddit traders targeted silver futures, the WSJ report.
A Justice Department spokesperson did not immediately respond to a Reuters request for comment.
Article: Report: Feds Investigating Meme Stock Frenzy For Market Manipulation
Article - Media, PublicationsReport: Feds Investigating Meme Stock Frenzy For Market Manipulation
Sarah Hansen, 11 February 2021
Federal authorities are investigating whether massive gains in “meme stocks” like GameStop in January were caused by market manipulation or other illegal behavior, the Wall Street Journal reported Thursday.
In January, individual traders from online communities like Reddit’s r/WallStreetBets forum and users of popular online brokerage apps like Robinhood were a driving force behind the meteoric rise of a handful of previously unpopular stocks. The traders pitted themselves against major hedge funds who had bet that the price of stocks in struggling companies like GameStop, AMC Entertainment, and Blackberry would fall in a practice called short selling. The rapid surge of interest from retail investors pushed the price of those stocks to record levels, and hedge funds like Melvin Capital faced massive losses as a result. At the peak of the frenzy, Robinhood restricted trading on shares of GameStop and a handful of other stocks, prompting a swift backlash from lawmakers and multiple class-action lawsuits from traders who said they had missed out on gains.
#UNRIG Video (38:29) Wall Street Treason & Crime – In Conversation with Wes Christian
Video
Article: What Investors Should Learn From Reddit, GameStop, Market Manipulation And Other Recent Headlines
Article - Media, PublicationsWhat Investors Should Learn From Reddit, GameStop, Market Manipulation And Other Recent Headlines
Bob Carlson, 11 February 2021
Over the last couple of weeks, the financial headlines have been dominated by market manipulation, GameStop, short squeezes, Reddit frenzies and other uncommon topics. A little perspective makes it easier to understand these events and how they should affect your investment strategy.
The big news was the strong increase in the price of the stock of GameStop, a video game retailer that many investors thought was slowly dying. The price apparently increased because a large number of members in a forum on the Reddit web site said investors should buy the stock. Continue reading “Article: What Investors Should Learn From Reddit, GameStop, Market Manipulation And Other Recent Headlines”
Article: Government agencies probe GameStop pump over potential illegal manipulation
Article - Media, PublicationsGovernment agencies probe GameStop pump over potential illegal manipulation
DUNCAN RILEY, 11 February 2021
U.S. government agencies have launched federal investigations into whether the social-media-driven activity around GameStop Corp.’s share price rise in January constituted illegal market manipulation.
According to a report today in The Wall Street Journal, both the U.S. Department of Justice and the Commodity Futures Trading Commission are formally investigating the pump of GME stock, and the Securities and Exchange Commission is also reviewing the matter.
The investigation by the justice department is being led by the department’s fraud section and the San Francisco U.S. attorney’s office who have sought information about the security activity from brokers and social media companies that were at the center of the trading frenzy. Subpoenas are said to have been issued for information to brokers including Robinhood Markets Inc. that was widely used by those buying up GameStop and other shares such as AMC Entertainment Holdings Inc. Continue reading “Article: Government agencies probe GameStop pump over potential illegal manipulation”
Article: The Gamers’ Uprising Against Wall Street Has Deep Populist Roots
WebThe Gamers’ Uprising Against Wall Street Has Deep Populist Roots
Wall Street may own the country, as Kansas populist leader Mary Elizabeth Lease once declared, but a new generation of “retail” stock market traders is fighting back.
Ellen Brown, SheerPost, 10 February 2021
A short squeeze frenzy driven by a new generation of gamers captured financial headlines in recent weeks, centered on a struggling strip mall video game store called GameStop. The Internet and a year off in this shut down to study up have given a younger generation of investors the tools to compete in the market. Gerald Celente calls it the “Youth Revolution.” A group of New York Young Republicans who protested in the snow on January 31 called it “Re-occupy Wall Street.” Others have called it Occupy Wall Street 2.0.
Continue reading “Article: The Gamers’ Uprising Against Wall Street Has Deep Populist Roots”
Article: 15 Hedge Fund Managers Made $23 Billion In 2020
Article - Media15 Hedge Fund Managers Made $23 Billion In 2020
Tyler Durden, Zero Hedge, 10 February 2021
The historic gains by a handful of Wall Street tians demonstrates “the disconnect between the stock market and the real economy,” said finance professor Reena Aggarwal, director of Georgetown University’s Center for Financial Markets & Policy. While high volatility and low interest rates buoyed hedge funds, much of the population struggled “with worries about health, jobs, mortgage payments and student loans,” she said.
Graphic: Profiteering by Hedge Fund Titans
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Article: Robinhood Users Face Uphill Fight For TRO In GameStop Suit
Article - Media, PublicationsRobinhood Users Face Uphill Fight For TRO In GameStop Suit
Craig Clough, 10 February 2021
A California federal judge indicated Wednesday that she is unlikely to issue a temporary restraining order or preliminary injunction against Robinhood Financial LLC to prevent it from blocking specific transactions on volatile stocks after a user suing the company said the online trading platform’s recent actions were “unprecedented.”
The lawsuit before U.S. District Judge Virginia Phillips is one of more than 30 civil suits Robinhood is facing over its decision late last month to block users from buying shares of GameStop, AMC and other volatile stocks recently caught up in a well-publicized trading frenzy. Continue reading “Article: Robinhood Users Face Uphill Fight For TRO In GameStop Suit”
Article: Ballard Increases Bought Deal Offering of Common Shares
Article - Media, PublicationsBallard Increases Bought Deal Offering of Common Shares
GLOBE NEWSWIRE, 10 February 2021
Ballard Power Systems (“Ballard” or “the Company”) (NASDAQ: BLDP; TSX: BLDP) today announced that, due to strong demand, it has agreed with a syndicate of underwriters led by TD Securities Inc. and National Bank Financial Inc. (collectively, the “Underwriters”), to increase the size of its previously announced US$350 million bought deal offering (the “Offering”). Pursuant to the upsized deal terms, the Underwriters have agreed to purchase, on a bought deal basis, 14,870,000 common shares of the Company (the “Common Shares”) at a price of US$37.00 per Common Share (the “Offering Price”) for gross proceeds of US$550,190,000. Continue reading “Article: Ballard Increases Bought Deal Offering of Common Shares”
Article: Tucows Announces $40 Million Stock Buyback Program
Article - Media, PublicationsTucows Announces $40 Million Stock Buyback Program
GLOBE NEWSWIRE, 10 February 2021
Tucows Inc. (NASDAQ: TCX, TSX: TC) announced today that its Board of Directors has approved a stock buyback program to repurchase, from time to time, up to $40 million of its common stock in the open market.
The new $40 million buyback program will commence February 10, 2021 and will terminate on or before February 9, 2022. Purchases for the new buyback program will be made exclusively through the facilities of the Nasdaq Capital Market. The previously announced $40 million buyback program for the period February 13, 2020 to February 12, 2021 has been terminated. Continue reading “Article: Tucows Announces $40 Million Stock Buyback Program”
Mirror: Jim Cramer Explaining the Basics of Stock Market Manipulation
EIN TOON: Eric “No Jail for Naked Short Sellers” Holder — :Justice Is What I Am Paid To Say It Is.”
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Reference: The Holder Memorandum
Legal Review: This is political satire and it is defensible.
