Reddit Actvists

Posted By Darren Winters on Feb 1, 2021

Reddit Actvists

The fight club has a new name, and it is called the Reddit activists, a band of mainly young ideologically driven retail traders. 

Reddit activists is a collectivized, organized counter-culture movement with a vision to smash the financial elite who have profited from rigged markets at the people’s expense.

So, the Reddit activists, an army of retail traders, are the very many rising against the tiny few elites who have enriched themselves from the status quo. Perhaps we are witnessing a 21 first century French style revolution spearheaded by the Reddit activists where an asymmetric digital battleground is playing out in cyberspace. In short, the Occupy Wall Street movement has gone digital. 

The root cause of Reddit activists’ traders is to take on the financial elite where they hurt the most, in their wallet

Trading is a zero-sum game, where it is often a few connected insiders who make outstanding gains at the cost of many smaller retail investors. 

The Reddit activists’ traders due to their ingenuity have figure out how to utilize digital technology to level the playing field, and the elites are up in arms

Reddit Actvists

So, through electronic bulletin boards, the likes of Wall Street Bets, an ingenious movement has cracked how to take on the mogul hedge funds.

What is clear is that Reddit activists are of different caliber to the insurrection movement witnessed on the White House in January. Reddit activists are better educated, urban middle-class Millenials who have proven themselves to be intelligent enough to understand the mechanics of the market, then plan with the collective organization and precision a successful attack.

Reddit activists’ traders are not anarchists, for they are organized and want payback for a system they believe is self-serving and rigged against the 99%

So, the Reddit activists is an uprising that has been spurred on by the millennial generation, the most educated generation, who see no future, no prospects in the gig economy of finding stable employment, paying off their student debts, settling down, and creating their household. Many have witnessed their parents lose everything during the 2008 Great Recession. They have lived through the insecurity of family home foreclosures due to their parent’s bankruptcies or unemployment. Many have witnessed their parents spiraling into a depressionary hole.

Here is a heartbreaking reason why one Rebbit brigade activist destroyed short sellers in WSB Raids 

“This is for you, Dad,” said one Reddit brigade member. “I remember when the housing collapse sent a torpedo through my family. My father’s concrete company collapsed almost overnight. My father lost his home. My uncle lost his home. I remember my brother helping my father count pocket change on our kitchen table. That was all the money he had left in the world. While this was happening in my home, I saw hedge funders drinking champagne as they looked down on the Occupy Wall Street protestors. I will never forget that.

My father never recovered from that blow. He fell deeper and deeper into alcoholism and exists now as a shell of his former self, waiting for death.

This is all the money I have, and I’d rather lose it all than give them what they need to destroy me. Taking money from me won’t hurt me, because I don’t value it at all. I’ll burn it all down just to spite them.

This is for you, Dad,” said one Reddit activist.

Reddit activists are ideologically driven and they are sickened by the system and want to burn it all down.

What’s more, the Reddit activists are finding sympathy and support globally

Think about it, the central banks globally created 20 trillion dollars last year, and some of that money goes to the hedge funds.

So, what do the hedge funds do, with the freely issued money? They are short selling companies in the pandemic great lockdowns and profiting from their demise. The elites talk about sustainable, ethical economic development. But what is ethical about a central bank giving free money to hedge funds so they can make bets and profit from business bankruptcies and the demise of communities and families.

There is no social-economic benefit of providing free money to hedge funds, which then short sell companies. Increasing the money supply, which causes inflation and deprives pensioners of a living income so that a few sociopathic financial elites can finance their short-selling positions is morally wrong and self-destructive. 

When a system profits from its demise then the incentive is to not find solutions but create problems

The hedge funds are short and losing a fortune, and the brokers restrict the retailers from placing buy orders, but they can sell. If the market makers receive no buys and all sells, then that pushes the stock lower, thereby preventing a short squeeze, which is not illegal, and protecting short positions. If there is no other reason for stopping the Reddit activists’ traders from buying GME and AMC, then the collusion is with the brokers and the hedge funds and not the Reddit activists.

There is no difference between an analyst getting on cable TV and rating stock a buy with a price target of x and Reddit activists touting a stock on Wall Street Bets. 

Short selling commodities and currencies is okay because it has a function enabling the business to plan costs. 

So back to the Reddit activist movement, I believe the rise of popular activism countercultural movements could be a macro trend

Even if the authorities decide to ban Wall Street Bet forum the movement will morph into something else. Finally, notice how its ideology rather than fundamentals, which is driving capital flows in this disruptive period of hyper financialized markets.

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