Sorry to be the little grey raincloud on this Hate The Hedges party, but you might want to understand the implications of what just happened

Y'know that fund that's getting all attention, Melvin Capital? Yeah, fuck them, right? Fuckin' shorters all shortin' and shit -- they played, they paid!

There's a reason they were bailed out and with all due haste.

Here's the issue: they were VERY good at the shorting game. So good that they actually had to turn away business. They made money like horses makes shit. When clients couldn't get in at Melvin, they went elsewhere. That opened the door to a lot of other firms basically mirroring exactly what MC was doing, which included shorting the fuck outta GME.

Fuck those guys too, right? It's their money, so why should I care?

Let's go back a few year, shall we, to the glorious chapter in finance and economics that was the 2008 Crash. Remember when Paulson lost his shit because he realized that in about 36 hours, the basic system called Western Capitalism was going to shit the bed; the bedroom; the whole house and pretty much every surface above the ocean within a planetary radius? This is sorta like that. Only worse.

The thing about short squeezes is that the losses can be infinite, and that's exactly why WallStreetBets did what they did. They knew if they bought and held -- diamond hands -- the stock would have to rise as the shorters had to cover their bets. Melvin Capital and a shit-ton of other, smaller firms had to do that and ran out of liquidity long before GME was even at $50. For every share of stock they shorted, they need to cough up another share at a higher value -- and they HAD to actually have the higher-priced share.

And here's where things get VERY ugly.

Shorting GME was such a sure thing that a huge number of shorts were placed. In fact, more shares of GME were shorted than actually existed. Oops. But hey, SURE THING, BABY and what's the worst that can happen?

Yeeeah, y'see where this is going now?

So these firms, not only are they broke, they don't have the shares, either. They need to come up with shares, pronto, at any price, because contractual obligations are a motherfucker in the finance world. But again, more shorts than there are shares and the people who have the shares, WSB and 4chan's /biz/, aren't letting them go. The longer they hold, the higher the price will go as short after short faces having to cough up the shares they borrowed.

A lot of people are about to lose a LOT of money -- the kinda losses that have so many zeros attached that looking at the number bores the eyes.

Back to 2008: the reason the whole world almost started Mad Max LARPing back then is that a narrow number of highly-important financial institutions were a wee bit thin on liquidity because they were having to pay it out by the boatload. That's bad. What would be better is if risk were more distributed, and how could that little plan POSSIBLY go wrong? Maybe a Black Swan event involving a huge amount of money that needs to be paid out by all of them due to this annoying bird.

That's where we are now, but no one even remotely knows what that figure is going to be. Again, (potentially) infinite losses multiplied by 150% times the number of shares actually available, multiplied by the dogshit risk factor on the loans and the leveraged payouts -- your best case scenario might be a loss of about $500 billion. Someone has to come up with that money, be it the Fed or other banks/investors, but that latter group has to come up with the money themselves, which is generally accomplished by selling profitable holdings. We all know what happens when a lot of people have to sell, right?

I always wanted to live in interesting times, thus proving what an utter fuckwit I am.

It would be more convenient to go with a majority vote to bar him from office if it was that simple, but I don't think it really is. (In reality I think that's maybe not the best move, because if he can run and starts a new conservative party, it will guarantee a Democratic landslide because the liberal vote won't be cut in half)
No matter the method, it's imperative that calling for the overturn of a certified election by any means necessary, and sending a crowd to force trial by combat, instructing them to stop the congressional certification, don't let it happen (which is a a direct call for interference in government proceedings only possible by force) be punished not ignored or it begs for a repeat. It's far from just using the word fight, it's saying if you let them certify this election you lose your country, you've got to get rid of these representatives that won't go along with you, and fight hard, you can't let them install Biden, stop it, he's illegitimate and I won by a landslide but Biden stole it, do not let them certify him or you're country is gone they must elect me, I'll be there with you stopping the steal.

I seriously doubt the American people will see it that way, all polls show a majority agree with his policies over Trump's. The election reinforces that.

It's hard to imagine hurting the economy worse than Trump's disastrous pandemic response that continues to cause more damage today because the distribution part of his "plan" was 1/2 baked and 1/4 implemented. Hundreds of millions of vaccines are being shipped to Europe because he wouldn't commit to buying them when he could, even knowing he couldn't buy them later. Any misstep in the response cost lives and hurt the economy horrifically.
Then there's the 8-9 trillion added to the debt not including last year's unprecedented spending spree during a recession meaning the deficit his last year may be well over $4-5 trillion (I've seen estimates of $9 Trillion). The debt and deficit will be hard to screw up worse, but time will tell.

Let's be realistic that the majority of Americans never wanted Trump, so much they voted for Hillary the most despised politician at the time, 3 million more times...it took nothing but not ignoring swing states and not being the most hated candidate in living memory to flip the electoral vote. Trump becoming the most despised candidate in history helped.

It wasn't a few thousand, my recollection is it was hundreds of thousands in most critical states, only a few were even close, only Georgia was as close as 12000, still more than a few, and Biden won easily without it.

The green new deal, if implemented, should create tens of thousands of good paying jobs. Innovation almost always pays off....again, time will tell. I'm of the opinion that it's too late to avoid climate disaster, probably too late to avoid a near total extinction next century without a miracle, but any mitigation is worth trying if it works. I don't want to live on Venus....and don't want my grand nieces and nephews to either.

I'll agree to disagree about guns. I've heard the same fear my entire life, claims democrats will take guns away, I once believed it. It's never happened even when they had the house, Senate, and Whitehouse. I'm pro gun and pro regulation.....a well regulated militia is what the constitution says. I respect your position even if I disagree.

I am a stickler for not fudging terminology. It makes understanding another person's argument impossible if they use words that are just wrong just because other people are misusing them, and is often used intentionally as a means of escaping one's statements by saying they didn't mean what they said, but only when tightly cornered. That's not an accusation, just a peeve. Bob, to name one, insists Trump's never been impeached.

You’re such a Trumpist tool.

Trump didn’t develop anything, and big surprise the first vaccine , Pfizer, wasn’t even developed as part of operation warp speed, trump just tries to take credit.

Distribution was 1/2 of operation warp speed, and they failed miserably, not availing themselves of opportunities to buy more vaccine, not actually setting up the distribution points or ensuring every community has sub zero storage, or even supplies like needles and alcohol wipes. They didn’t even insist on best pricing or first refusal for America, even for companies that used government funding to develop their products. Terrible deal making.

I seriously doubt it. How you gonna prove it? I guess, since Trump only had one election beforehand, he only needed one person more than 8%, so it’s possible. He sure didn’t get more than Joe.

Again, Prove it. That which can be asserted without evidence can be discarded without evidence. You have wild baseless stories from drunkards and paranoid suspicions, not evidence. Get over it, finish your sour grapes, realize that Biden got more votes than any candidate ever, and grow up. The only actual fraud found was from Republicans.

Your such a communist tool.

Developing a vaccine and producing 400 million + doses and then distributing it are different things.

Trump got more black,Latino and minority votes than any time since 1960 election. Democrats stole the election by election fraud.

Edit: some of us would prefer the president be up to speed on day one, not as a spectator but as a leader. I get that a leader who's prepared to lead is a new concept, but we need one desperately.

You seem to be under the impression that distribution nation wide doesn't need constant supervision and revision. You are sadly misinformed.
The preparation from the Whitehouse isn't complete, distribution of most vaccines requires deep freeze shipping to facilities with proper sub zero storage, and all the equipment for each shot, and a system in place to offer it to only the most at risk (and to deny the asshole who won't wait), personnel, facilities, policies, and equipment. None of that is completed.

Edit: oddly you seem to think a program set up by the Trump team will be flawless and perfectly functional from day one, unlike every other program they set up. When it turns out they planned to use ice cream trucks for delivery, but they aren't cold enough so 30 million doses spoil on the docks, Biden shouldn't be prepared? When it turns out the vaccine that needs sub zero refrigeration is the only one that really works, he shouldn't have a backup plan ready? Why would you assume it will function adequately totally hands off when nothing works that way, especially the biggest mass vaccine program ever?

If you think the federal government isn't going to be in charge, you're again misinformed badly. Operation warp speed, the distribution policy/agency, is in charge... it's a federal program. It will need constant supervision and retooling. Biden will be directly in charge there and should be informed and prepared, not shooting from the hip.

You left out the federal government and manufacturers and manufacturers of needles etc...The most important players in distribution.


Lol...You act like the white house isn't directly in charge of the distribution, they are.

Biden is just now being told the details of the plan, who's involved, and how it's supposed to work. As the leader of the plan, he should be fully informed before taking charge so he can fix whatever the moron who's sycophants designed it screwed up. Until he knows the plan and where and how we are setting it up and what stage we are at, he cannot possibly make his own plans to improve and facilitate it. Duh, that's the point here. You can't be that dense.

Two months is not enough time to be properly briefed on everything he needs to know, as explained in the 9/11 report.

The army, cia, and other agencies had plans for Osama in spring 2001, but Bush was all but unaware of any issues because he lost a few weeks of briefing time during the transition. This is a MAJOR factor in the success of the attack, as he didn't take any action on a problem he was unaware of.

Same goes here.

I know you disagree, you do little else. Fortunately, people with your mindset won't be running things for long, then we can make progress on this and a multitude of fronts Trump screwed up...is it that you even disagree he screwed up his pandemic response despite America being the worst hit country, and despite Covid not disappearing November 4 like he promised? Edit: do you not think it likely a trump response plan could be improved on?

There's so much to fix, like a looming depression, looming homeless armies about to be evicted, payback of the payroll tax holiday, new war with Iran, revision of our Russian policies, international relationships to mend, internal civil unrest, complete erosion of trust in law enforcement, 4 more years of completely ignoring infrastructure, treaties to rejoin, etc. He needs every second available to be as briefed on everything so he doesn't repeat Trump's ignorance of policy and law leading to more trumpian mistakes of ignorance and bravado, costing more lives.

You seem to be under the impression nothing is being done to prepare for distribution already. You're sadly misinformed.
There is already widespread preparation to distribute the vaccine once it is approved, tens of millions of doses are being manufactured and stored. There is coordination between the army, pharmacies, states, and nursing homes for the delivery. There won't be much left for Biden to do other than continue the program health professionals have created. It shouldn't need to be said, but I give Trump no credit for this.

If Biden has a plan explaining how the following is bad policy and will cost lives, please point me to his policy paper outlined his improvements.

https://www.cdc.gov/vaccines/imz-managers/downloads/COVID-19-Vaccination-Program-Interim_Playbook.pdf

https://abcnews.go.com/Health/covid-vaccine-distributed-approved-fda/story?id=73889186

Follow if you will....delays in preparation today equate to delays in action after January 20. If Biden could have been prepared for vaccine distribution day one, but now is two weeks behind because of obstinate tantrums, the people who unnecessarily die in the extra two weeks it takes to prepare after he takes office are more blood on Trump's hands.

Just like the 9/11 commission stated the delay in Bush being briefed gave rise to his unpreparedness on 9/11, costing lives, this delay will cost lives.

Also, keep in mind trump just pardoned Flynn for conducting foreign policy in Dec 2016 before Trump took office. Trump thinks the new president should take power immediately...when it's him.

I retract nothing.

Funny how things "pop" up before election.

Epstein had camera everywhere. We will see.

Apparently this shit is rampant:

Republican benefactor of conservative Christian groups, Richard A. Dasen Sr., was charged with rape for allegedly paying a 15-year old girl for sex. Dasen, 62, who is married with grown children and several grandchildren, has allegedly told police that over the past decade he paid more than $1 million to have sex with a large number of young women.

Democratic donor and billionaire, Jeffrey Epstein, ran an underage child sex brothel and was convicted of soliciting underage girls for prostitution.

Democratic New York Congressman, Anthony Weiner, plead guilty to transferring obscene material to a minor as part of a plea agreement for sexted and sending Twitter DMs to underage girls as young as 15.

Democratic donor, activist, and Hollywood producer Harvey Weinstein is being criminally prosecuted and civilly sued for years of sexual abuse (that was well known “secret” in Hollywood) including underage sexual activities with aspiring female actresses.

Democratic activist and #metoo proponent, Asia Argento, settled a lawsuit for sexual harassment stemming from sexual activities with an underage actor.

Democratic Mayor of Racine, Wisconsin, Gary Becker, was convicted of attempted child seduction, child pornography, and other child sex crimes.

Democratic Seattle Mayor Ed Murray resigned after multiple accusations of child sexual abuse were levied against him including by family members.

Democratic activist and aid to NYC Mayor De Blasio, Jacob Schwartz was arrested on possession of 3,000+ child pornographic images.
Democratic activist and actor, Russell Simmons, was sued based on an allegation of sexual assault where he coerced an underage model for sex.

Democratic Governor of Oregon, Neil Goldschmidt, after being caught by a newspaper, publicly admitted to having a past sexual relationship with a 13-year-old girl after the statute of limitations on the rape charges had expired.

Democratic Illinois Congressman, Mel Reynolds resigned from Congress after he was convicted of statutory rape of a 16-year-old campaign volunteer.
Democratic New York Congressman, Fred Richmond, was arrested in Washington D.C. for soliciting sex from a 16-year-old boy.

Democratic activist, donor, and director, Roman Polanski, fled the country after pleading guilty to statutory rape of a 13-year-old girl. Democrats and Hollywood actors still defend him to this day, including, Whoopi Goldberg, Martin Scorcese, Woody Allen, David Lynch, Wim Wenders, Pedro Almodovar, Tilda Swinton and Monica Bellucci.

Democratic State Senator from Alaska, George Jacko, was found guilty of sexual harassment of an underage legislative page.
Democratic State Representative candidate for Colorado, Andrew Myers, was convicted for possession of child pornography and enticing children.

Democratic Illinois Congressman, Gus Savage was investigated by the Democrat-controlled House Committee on Ethics for attempting to rape an underage female Peace Corps volunteer in Zaire. The Committee concluded that while the events did occur his apology was sufficient and took no further action.
Democratic activist, donor, and spokesperson for Subway, Jared Fogle, was convicted of distribution and receipt of child pornography and traveling to engage in illicit sexual conduct with a minor.

Democratic State Department official, Carl Carey, under Hillary Clinton’s state department, was arrested on ten counts of child porn possession.

Democratic Maine Assistant Attorney General, James Cameron, was sentenced to just over 15 years in federal prison for seven counts of child porn possession, receipt and transmission.
Democratic State Department official, Daniel Rosen, under Hillary Clinton’s state department, was arrested and charged with allegedly soliciting sex from a minor over the internet.

Democratic State Department official, James Cafferty, pleaded guilty to one count of transportation of child pornography.

Democratic radio host, Bernie Ward, plead guilty to one count of sending child pornography over the Internet.Democratic deputy attorney general from California, Raymond Liddy, was arrested for possession of child pornography.


Republican activist Marty Glickman (a.k.a. “Republican Marty”), was taken into custody by Florida police on four counts of unlawful sexual activity with an underage girl and one count of delivering the drug LSD.

Republican legislative aide Howard L. Brooks was charged with molesting a 12-year old boy and possession of child pornography.

Republican Senate candidate John Hathaway was accused of having sex with his 12-year old baby sitter and withdrew his candidacy after the allegations were reported in the media.
Republican preacher Stephen White, who demanded a return to traditional values, was sentenced to jail after offering $20 to a 14-year-old boy for permission to perform oral sex on him.

Republican talk show host Jon Matthews pleaded guilty to exposing his genitals to an 11 year old girl.Republican anti-gay activist Earl “Butch” Kimmerling was sentenced to 40 years in prison for molesting an 8-year old girl after he attempted to stop a gay couple from adopting her.

Republican Party leader Paul Ingram pleaded guilty to six counts of raping his daughters and served 14 years in federal prison.
Republican election board official Kevin Coan was sentenced to two years probation for soliciting sex over the internet from a 14-year old girl.

Republican politician Andrew Buhr was charged with two counts of first degree sodomy with a 13-year old boy.

Republican politician Keith Westmoreland was arrested on seven felony counts of lewd and lascivious exhibition to girls under the age of 16 (i.e. exposing himself to children).
Republican anti-abortion activist John Allen Burt was charged with sexual misconduct involving a 15-year old girl.
Republican County Councilman Keola Childs pleaded guilty to molesting a male child.

Republican activist John Butler was charged with criminal sexual assault on a teenage girl.Republican candidate Richard Gardner admitted to molesting his two daughters.

Republican Councilman and former Marine Jack W. Gardner was convicted of molesting a 13-year old girl.

Republican County Commissioner Merrill Robert Barter pleaded guilty to unlawful sexual contact and assault on a teenage boy.
Republican City Councilman Fred C. Smeltzer, Jr. pleaded no contest to raping a 15 year-old girl and served 6-months in prison.

Republican activist Parker J. Bena pleaded guilty to possession of child pornography on his home computer and was sentenced to 30 months in federal prison and fined $18,000.

Republican parole board officer and former Colorado state representative, Larry Jack Schwarz, was fired after child pornography was found in his possession.

Republican strategist and Citadel Military College graduate Robin Vanderwall was convicted in Virginia on five counts of soliciting sex from boys and girls over the internet.

Republican city councilman Mark Harris, who is described as a “good military man” and “church goer,” was convicted of repeatedly having sex with an 11-year-old girl and sentenced to 12 years in prison.

Republican businessman Jon Grunseth withdrew his candidacy for Minnesota governor after allegations surfaced that he went swimming in the nude with four underage girls, including his daughter.

Republican director of the “Young Republican Federation” Nicholas Elizondo molested his 6-year old daughter and was sentenced to six years in prison.

If you see the behind-the-scene filming of your favourite movie or tv show it looks a bit cringy too. but it's what you see onscreen that is the subject to be judged.. I think these people are trying to do things that mimic what they see pro models/actors/musicians do in videos/photos. and it works, they try all sorts of angles and find a good shot then post it and it makes people think they are awesome and are worth following/listening too.. then they plug products and get paid. no big deal.. just the tech has gotten cheap for consumers and distribution is simple.

Agreed, even if the claims were true, Trump abused his power by calling for a boycott of an American company for personal reasons.
BUT....
It's a fake, not a Goodyear official policy or slide. Jesus is a liar. (See above)

"Trump’s tweet followed a report from WIBW-TV in Topeka, Kansas, based on an anonymous Goodyear employee’s screenshot that listed Black Lives Matter and Lesbian, Gay, Bisexual, Transgender Pride messages as acceptable while politically affiliated slogans and material, including “MAGA Attire” and “Blue Lives Matter,” in support of police, were listed as unacceptable. The screenshot was described in the report as part of the company’s diversity training.
Kramer wrote that the visual was created by an employee at the company’s Topeka factory and “was not approved or distributed by Goodyear corporate or anyone outside of that facility.
Kramer reiterated Thursday that Goodyear has “a longstanding corporate policy that asks associates to refrain from workplace expressions in support of any candidate or political party.”
https://www.snopes.com/ap/2020/08/20/goodyear-attire-supporting-police-ok-but-no-political-wear/

There's no room for debate.
The article linked showed that Goodyear clarified that Blue Lives Matter clothing was specifically allowed so there would be no confusion, they didn't change their policy, yet here we are with people claiming they were not allowed beforehand, but there's zero evidence any Blue Lives Matter clothing was ever considered a violation besides the fake screenshot/policy.

Your video, Amazon Distribution Center in Redlands Fire, has made it into the Top 15 New Videos listing. Congratulations on your achievement. For your contribution you have been awarded 1 Power Point.

...and who is surprised that large numbers of Trumpsters were foolish enough to listen to him and drank bleach?

Drink the bleach, then flush your nose with ammonia. Don't let the liberal fake media tell you it's dangerous, they just want you to be sick so it makes Daddy Trump look bad. If you don't believe me, you can at least wash your skin with a mixture of the two....just ignore the clouds of chlorine gas, they're also a liberal hoax.

Only fools on team Trump.

Care to explain why Trump gave a no bid $55 MILLION contract for distributing n95 masks to Pantera, a subsidiary of a bankrupt defense contractor company with zero employees?...a contract that lets the company owner use the power of the federal government to buy the masks at as low as $.63, then sell them to the government for $5.50 each? Pantera provides no service for that near 1000% markup, the Fed finds/orders the masks (and probably pays for them and transfers ownership to Pantera for free), then buys them back for nearly 10 times what they cost. Care to explain how that's NOT just Trump handing millions of taxpayer dollars to a rich supporter?

This is a problem not exclusive to wind machines and is, thanks to social media, a universal problem. Unfortunately, many/most humans believe the first thing they hear/see regarding an issue. It is possible to "inoculate" a population against this viral misinformation, but it requires that accurate information is widely distributed before the malicious virus is.