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WallStreetBets Redditors brilliantly demonstrate a way to demolish Wall Street fraudulent Ponzi scheme

globinfo freexchange   WallStreetBets Redditors sent shock waves to speculative hedge funds who saw their gamble turn into a disaster, losing billions. The terror was evident on corporate media pundits' faces when they suddenly realized that their beloved Wall Street fraudulent system was successfully hijacked by outsiders.   As BusinessInsider reported :   Video-game retailer GameStop has dominated the headlines this week after its shares trebled in value in just three days this week, in a buying frenzy fueled by individual traders that have forced some of Wall Street's prominent hedge funds to close their bearish bets against the company with hefty losses.   GameStop's shares have hit record highs and the swarm of retail investors behind the rally have cheered each other on, primarily within the popular Reddit forum Wall Street Bets, which by Thursday, had around 3.5 million members.   Members have spent the past three weeks bidding up GameStop, which has se

Neoliberal centrists and phony fascists as political tools of the capitalist classes in an escalating war

globinfo freexchange    The progressive movement has lost recently one of its pioneers. David Grabber was an American anthropologist, anarchist activist, leading figure in the Occupy Wall Street movement, and is sometimes credited with having coined the slogan "We are the 99%". In the following short analysis, Grabber describes almost perfectly the nature of the neoliberal centrism and how its carriers manipulate the masses. He also unveils the role of those to the right, which in the US is played politically by the Republican Party. As he points out:                            There's a symbiotic relationship between these centrists, who are just sort of sneering elitists and these guys who are the scam artists, who pretend to be locals, who pretend to be idiots, or pretend to be fascists. They're not even real fascists, they're kind of phoney fascists. They are trying to set up a situation where those are the only two viable political choices because they both