Month: February 2021

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Article: Former SEC Chair Jay Clayton Will Become Apollo’s “Lead Independent Director”

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Former SEC Chair Jay Clayton Will Become Apollo’s “Lead Independent Director”

As if the establishment ignoring Janet Yellen’s clear ties to Citadel wasn’t enough to help you lose faith in the Wall Street swamp this year, we’ll do you one better. Former SEC Chair Jay Clayton has officially been hired by Apollo Global Management, just weeks after stepping down as SEC chair.

Apollo is, of course, the firm whose CEO, Leon Black, was found to have paid child sex offender Jeffrey Epstein $158 million.

Continue reading “Article: Former SEC Chair Jay Clayton Will Become Apollo’s “Lead Independent Director””

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ARTICLE: BREAKING THE SILVER MARKET: Investment Demand To Overwhelm The Market

Article - Media, Publications

BREAKING THE SILVER MARKET: Investment Demand To Overwhelm The Market

SRSROCCO, 28 February 2021

The Silver Market is on the verge of being overwhelmed by investment demand.  While this has been a steady process over the past decade, the situation changed rapidly in 2020, and especially in the last two months.  Since the WallStreetBets “SilverSqueeze” campaign, more investors are waking up to the SILVER STORY…

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Investor: Jim Chanos

Investor

James S. Chanos (born December 24, 1957) is an American investment manager. He is president and founder of Kynikos Associates, a New York City registered investment advisor focused on short selling. A noted art collector, he appeared on the BBC Four documentary The Banker’s Guide to Art.

Biography

Article: Save The Billionaire Short-Sellers!

Article: House Hearing On Gamestop Fiasco Will Focus On “Short Selling And Stock Manipulation”

Remember How Naked Short Selling Wasn’t a Big Deal?

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Article: Meet Patrick Byrne: Bitcoin Messiah, CEO of Overstock, Scourge of Wall Street

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Meet Patrick Byrne: Bitcoin Messiah, CEO of Overstock, Scourge of Wall Street

Cade Metz, WIRED, 18 February 2021

The problem with the modern economy, Byrne says, is that it rests on the whims of our government and our big banks, that each has the power to create money that’s backed by nothing but themselves. Thanks to what’s called fractional reserve banking, a bank can take in $10 in deposits, but then loan out $100. The government can make more dollars at any time, instantly reducing the currency’s value. Eventually, he says, laying down a classic libertarian metaphor, this “magic money tree” will come crashing down.

Continue reading “Article: Meet Patrick Byrne: Bitcoin Messiah, CEO of Overstock, Scourge of Wall Street”

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Letter: Marc Cohodes to Judge Jed Rakoff

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PDF (5 Pages): 20210218-Cohodes Submission Against Petit

“Second, Mr. Cohodes has never engaged in naked short selling (that is, he trades through brokers who find shares for him to borrow and he pays high interest fees to maintain his short positions). He was never part of any concerted illegal campaign to target MiMedx; his actions were his own.”

Comment: The above statement by a lawyer is easily challenged in court with evidence. Mr. Cohodes appears to be panicking. This time around it will cost him 10X to 100X what he was forced to pay Patrick Byrne.  We have it all. The matter of compromised judges and DOJ and SCC as a RICO organization are also on the table. DTCC will not survive a Special Prosecutor.

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Article: BlackRock puts muscle behind push for net zero

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BlackRock puts muscle behind push for net zero

Avery Ellfeldt, 19 February 2021

Wealth leviathan BlackRock Inc. gave teeth to its climate commitments this week when it pledged to leverage its shareholder power to punish companies that fail to take climate change seriously. That promise sends a message to the heaviest greenhouse gas emitters: Set targets to cut carbon or risk retribution from the world’s largest asset manager. Continue reading “Article: BlackRock puts muscle behind push for net zero”

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Article: Hedge fund manager Plotkin’s GameStop short, dissected

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Hedge fund manager Plotkin’s GameStop short, dissected

Hedge fund manager Gabriel Plotkin first bet against the future of GameStop Corp in 2014 when it traded around US$40. But after a harrowing experience with short sellers in recent weeks, he’s wary about holding big short positions again.

BOSTON: Hedge fund manager Gabriel Plotkin first bet against the future of GameStop Corp in 2014 when it traded around US$40. But after a harrowing experience with short sellers in recent weeks, he’s wary about holding big short positions again.

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Article: U.S. securities regulator suspends trading in three more ‘meme stocks’

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U.S. securities regulator suspends trading in three more ‘meme stocks’

Chris Prentice, 19 February 2021

WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Friday suspended trading in more securities that have seen jumps in both prices and trading volumes since late January amid social media interest.

The SEC temporarily suspended trading of Marathon Group Corp, Affinity Beverage Group Inc, and Sylios Corp beginning on Friday and ending on March 4, the SEC said in statements published on its website. Continue reading “Article: U.S. securities regulator suspends trading in three more ‘meme stocks’”

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Article: 180 Life Sciences Corp. Announces $11.7 Million Private Placement

Article - Media, Publications

180 Life Sciences Corp. Announces $11.7 Million Private Placement

GLOBE NEWSWIRE, 19 February 2021

180 Life Sciences Corp. (NASDAQ: ATNF) (180 Life Sciences or the “Company”), a clinical-stage biotechnology company with its lead indication in Phase 2b/3, focused on the development of novel drugs that fulfill unmet needs in inflammatory diseases, fibrosis and pain, today announced that it has entered into securities purchase agreements with certain institutional investors to raise approximately $11.7 million through the private placement of 2,564,000 shares of its common stock and accompanying warrants to purchase an aggregate of up to 2,564,000 shares of common stock at a combined purchase price of $4.55 per share and accompanying warrant. The warrants will be exercisable immediately at an exercise price of $5.00 per share and will expire five years from the date of issuance. The closing of the private placement is expected to occur on February 23, 2021, subject to the satisfaction of certain customary closing conditions set forth in the securities purchase agreements.

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Article: How were more than 100% of GameStop’s shares shorted?

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How were more than 100% of GameStop’s shares shorted?

John McCrank, Reuters, 18 February 2021

But Vlad Tenev, broker Robinhood’s chief executive officer, recently pointed out that some of the stocks involved in the “meme stock” rally were more than 100% shorted, implying that more shares were shorted than were available to trade.

“I just think that’s pathological,” he said on the All-In Podcast late last Friday. “You end up with this situation that could destabilize the financial markets.”

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Article: How to Break the Kneecaps of Wall Street Sociopaths Before It’s too Late: Ferdinand Pecora Revisited

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How to Break the Kneecaps of Wall Street Sociopaths Before It’s too Late: Ferdinand Pecora Revisited

Matt Ehret, SubStack, 18 February 2021

If America and the western order is to somehow find its moral fitness to survive and if a world war is to be avoided in the coming near-term future, then certain fundamental banking reforms will be needed. Among the most important of these reforms will be a breaking up of banking activities into two categories under a renewal of the Glass-Steagall bank reform which was repealed by Bill Clinton in 1999. These two categories would include: 1) speculative trash and illegitimate usury which must be “deleted” under a debt jubilee and 2) legitimate savings and other useful commercial banking activities tied to “real” values without which society couldn’t sustain itself.

Faced with these revelations, The Nation magazine famously reported “If you steal $25, you’re a thief. If you steal $250 000, you’re an embezzler. If you steal $2.5 million, you’re a financier.”

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Comment: The House of Morgan was a British operation. The UK is the main enemy of the USA.  Rothschilds/Israel/Vatican as well. Time everyone got this.

THE DOLLAR HAS NO INTRINSIC VALUE : DO YOUR ASSETS?