[RISEABOVE.NEWS EXCLUSIVE] WallStreetBets “Guide For Dummies”

For the last few Weeks the immensely hilarious antics of the Reddit Sub Thread community WALLSTREETBETS has caused a massive commotion in the world of Stocks and Media.

Now if all of this goes over your head we are going to give you the low down of what has been going on, how this has happened and what some ramifications of this could be as well as some absolutely priceless memetic wizardry and humour taken form the threads surrounding it all.

For an understanding in the foundation of what is happening find below a superb breakdown of the technicals from Ben Shapiro

On Thursday the news of this started hitting the mainstream media in the UK sending social media into a frenzy of information, from people totting stocks and different crypto currencies to an absolute barrage of memes and people loosing their shit on videos and posts. All of this and one trading app sitting right in the middle of it all.

 

WallStreetBets has made the news before with similar episodes like the “HERTZ” shenanigans in 2020 and has been around for a while but this time turning its attention to GameStop as well as AMC, Nokia, Blackberry and others. A few tweets from The richest man in the public world Elon Musk and boom, WallStreetBets grew at least 4 million members in days and the fun got real. 

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Whilst the Hedge Fund Big shots had already been playing with the stocks of GameStop after deciding it was too high, the insane volume of purchase from the Reddit community sent the share prices sky high. A plea was seemingly made to the underbelly of Wall Street , The media turned on the community saying phrases such as “HACK” and even calling the Redditors “WHITE SUPREMACISTS”.

The RobinHood app as well Charles Schwab, TD Ameritrade and Webull limited or even froze the buying of shares to users and even according to some sources closing out customers positions for them for seemingly lower price than the current level, even the NASDAQ stopped the market on GameStop due to chatter on social media, and Discord banning WallStreetBets on their platform saying that talking about investing is wrong? something the financial gurus have done since the game began.

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Whilst there is speculation of their being a bigger play in all of this there is a very clear example of what seems to be deliberate illegal market manipulation by wall street players in a defence against this play by the WallStreetBets community there is also a huge call across the investment world that there is nothing wrong with what the Redditors have done and it is all giving the hedge funds a taste of their own medicine with their own tactics. 

Not only has the WallStreetBets gang taken on the big boys with the Gamestop stock they have also turned their stance to other areas of the finance market such as silver causing silver price to rise by 4% on friday after an earlier announcement on the reddit board.  

Whilst the game continues the questions continue, Where next? Who is behind this? Is it really just as it seems, The common man having his day? As this story unfolds we imagine the true story of all the players may come to light and hopefully the people trying to stop this turning of tables will be thwarted, with a quick up-shoot in millionaires this week and some amazing stories of “kid millionaires” its defiantly a rollercoaster that has not stopped giving. 

Here are some choice memes and screenshots of the stories antics-

The longer this goes on the more money the billionaires that play with the lives of normal people for profit loose money, this may have bigger outcomes for the money system as an whole and there seems to be a huge push to a decentralised monetary financial system that can help rid the world of these corrupt money guys.

Once the truth is made clear the entire world should come down on the people who played bad roles in this episode, play your part by using this report which will in turn help control the evils of the corporate stock markets in future.  

SEC Report: https://www.sec.gov/oiea/Complaint.html

 

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Big Tech, Corporate Media Smears WallStreetBets as Racist!

Calling Reddit stock nerds “white supremacists” is surely peak “everyone I don’t like is a Nazi.”

The Wall Street Journal is now describing WallStreetBets – the Reddit community that is taking on corrupt hedge funds – as “straight up white supremacists.”

Deplatforming works!

Yeah, it works great for the financial elite.

Author Paul Joseph Watson

via SUMMIT NEWS

The Standard hotel in West Hollywood shutting down indefinitely after 22 years


BUSINESS

The Standard hotel in West Hollywood shutting down indefinitely after 22 years

City News ServiceSaturday, January 23, 2021

The Standard, Hollywood will close indefinitely because a significant increase to its lease makes operating the property impossible, the boutique hotel announced this week.WEST HOLLYWOOD (CNS) — The Standard, Hollywood will close indefinitely because a significant increase to its lease makes operating the property impossible, the boutique hotel announced this week.

The hotel on the Sunset Strip in West Hollywood, founded 22 years ago, was the first in the Standard International chain which also consists of hotels in downtown Los Angeles, New York City, Miami Beach, Florida, London and Maldives in South Asia.

The Standard was known for its celebrity clientele — Leonardo DiCaprio, Cameron Diaz and Benicio del Toro were early financial backers — its design, the scene around its pool, surrounded by blue artificial turf, night clubs and musical performances.

A Standard International representative told the Los Angeles Times the hotel tried to renegotiate the terms of the lease.

The Standard’s lease is held by the Ferrado Group, a real estate investment firm based in Spain with a location in Newport Beach, The Times reported.

“While there are and will be more Standard hotels, there will never be another Standard, Hollywood,” the hotel said in a statement. “And though it is painful to say goodbye, we know that the community we inspired will live on. Thank you for everything. We are eternally grateful.”

FULL SOURCE via ABC7

[RISEABOVE.NEWS EXCLUSIVE] Vladimir Putin Addresses The World Economic Forum At Davos 2021

As the Davos 2021 meeting comes to an end we look to some of the points over the few days.

Mr Putin delivered a powerful speech to the Davos meeting this year warning of global tensions and technocratic power over the world.

SOURCE – WEF Youtube Channel

Vladamir speaks of the escalation of the far left and far right rise, the global defence crumbling and contradictions in politics, and the possible “END OF OUR CIVILISATION”

the apocalyptic speech about “War against All” and the destruction of the modern world, Putin leaves jaws on the floor with his dire warning. speaking on the 2008 financial crisis and the times since then Putin says a better path can take the world in a different direction.

Find out more follow RISEABOVE.NEWS for reviews of this years DAVOS 2021 meeting.

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China starts using anal swabs to test ‘high-risk’ people for Covid

China has begun using anal swabs to test those it considers to be at high risk of contracting Covid-19, state TV has reported.

Officials took anal swabs from residents of neighbourhoods with confirmed Covid-19 cases in Beijing last week, according to the state broadcaster CCTV, while those in designated quarantine facilities have also had the tests.

Small, localised outbreaks in recent weeks have resulted in multiple cities in northern China being sealed off from the rest of the country and prompted mass testing campaigns, which had mostly been conducted using throat and nose swabs.

The anal swabs method “can increase the detection rate of infected people” as traces of the virus linger longer in the anus than in the respiratory tract, Li Tongzeng, a senior doctor from Beijing’s Youan hospital, told CCTV.

People on the subway in Beijing

FULL SOURCE via The Guardian

UK and EU agree ‘a reset’ after NI vaccine fiasco

Coronavirus vaccines from Pfizer and AstraZeneca are expected to be supplied to the UK as planned, despite the EU’s export controls and demands for British-manufactured jabs, after a discussion with EU commission president Ursula von der Leyen, the British Cabinet Office minister Michael Gove has said.

Gove said the EU recognises it “made a mistake” in its widely condemned attempt to override part of the Brexit agreement on Northern Ireland, to prevent shipments of vaccine entering the UK, in a move that risked imposing a hard border with the republic.

A sign for NHS vaccination centre in Wembley in London.

Gove said:

“The prime minister [Boris Johnson] was very clear, we’ve entered into contractual arrangements with AstraZeneca and Pfizer and we expect those arrangements to be honoured.

And President von der Leyen was clear that she understood exactly the UK government’s position, so we expect that those contracts will be honoured, we expect that vaccines will continue to be supplied.

We’re confident that we can proceed with our vaccine programmes exactly as planned.

I’ve spoken to the European Commission vice-president Maroš Šefčovič about this and we both agreed that we need a reset, that we need to put the people of Northern Ireland first.”

SOURCE via The Guardian

How Reddit posters made millions as Wall Street lost billions on GameStop’s wild stock ride

A meteoric rise in the share price of GameStop has trained the eyes of stock market watchers on a fast-growing Reddit discussion board called Wallstreetbets, where it appears that 20-somethings armed with cheap and easy stock-trading apps like Robinhood, MooMoo and TradeStation are targeting stocks to soar and hedge funds for takedowns.https://3dc00e668014e464f56e9abf709e0851.safeframe.googlesyndication.com/safeframe/1-0-37/html/container.html

The drama has sent GameStop shares up nearly 2,000% in the past month. On Wednesday, the stock price of the troubled retailer of video games soared yet again, this time up more than $200, to surpass $350 a share.

While GameStop shares have been a favorite of Wallstreetbets members, the money-losing company has been closing stores and been a target of hedge funds and so-called short-sellers who wager that the shares of particular companies will fall.

Wallstreetbets posters have fought back by vowing never to sell, egging each other on to buy more shares and attacking critics of their favorite stock. Andrew Left, a noted short-seller who had predicted GameStop’s demise, last week stopped commenting on the company, saying his family had been threatened.

Now, Wallstreetbets members appear to be widening their aim to focus on other companies that, much like GameStop, the rest of Wall Street has left for dead. Shares of former phone maker Blackberry, LaCroix seltzer owner National Beverage and troubled movie chain AMC have also soared after mentions on the Reddit board. 

At a time when viral online movements are having a growing influence on real-world events, including the deadly storming of the Capitol on January 6, some are describing the Wallstreetbets saga as the stock market’s conspiracy-peddling equivalent. Wallstreetbets is Occupy Wall Street meets QAnon, goes the thinking. Its posters talk about taking revenge on the hedge funds they insist have secretly controlled Wall Street and hail their recent triumphs as a win for the 99%.

“Hedge fund managers live in the past, and continue to look down upon the retail investors,” wrote one Wallstreetbets commenter on Wednesday. “This is the world they want to live in. This was the past.”

FULL SOURCE via CBS News

REDDIT THREAD – https://www.reddit.com/r/wallstreetbets/

C.D.C. Now Says People Without Covid-19 Symptoms Do Not Need Testing

The Centers for Disease Control and Prevention quietly modified its coronavirus testing guidelines this week to exclude people who do not have symptoms of Covid-19 — even if they have been recently exposed to the virus.

Experts questioned the revision, pointing to the importance of identifying infections in the small window immediately before the onset of symptoms, when many individuals appear to be most contagious.

Models suggest that about half of transmission events can be traced back to individuals still in this so-called pre-symptomatic stage, before they start to feel ill — if they ever feel sick at all.

“This is potentially dangerous,” said Dr. Krutika Kuppalli, an infectious disease physician in Palo Alto, Calif. Restricting testing to only people with obvious symptoms of Covid-19 means “you’re not looking for a lot of people who are potential spreaders of disease,” she added. “I feel like this is going to make things worse.”

At a moment when experts have almost universally come forward to encourage more frequent and widespread testing, especially to reach vulnerable and marginalized sectors of the population, the C.D.C.’s update appears counterintuitive and “very strange,” said Susan Butler-Wu, a clinical microbiologist at the Keck School of Medicine of the University of Southern California.

Just weeks ago, the National Institutes of Health announced the first round of grant recipients for its Rapid Acceleration of Diagnostics program, or RADx, to scale up coronavirus testing in the coming weeks and months. On the agency’s RADx website, officials underscore the importance of prioritizing tests that can “detect people who are asymptomatic.”

A more lax approach to testing, experts said, could delay crucial treatments, as well as obscure, or even hasten, the coronavirus’s spread in the community.

“I think it’s bizarre,” said Daniel Larremore, a mathematician and infectious diseases modeler at the University of Colorado Boulder. “Any move right now to reduce levels of testing by changing guidelines is a step in the wrong direction.”

Prior iterations of the C.D.C.’s testing guidelines struck a markedly different tone, explicitly stating that “testing is recommended for all close contacts” of people infected with the coronavirus, regardless of symptoms. The agency also specifically emphasized “the potential for asymptomatic and pre-symptomatic transmission” as an important factor in the spread of the virus.