S526 - Gamestop Rebellion Ignites MEDIA PANIC, NYT Calls For Biden "Reality Czar," Marc Cuban Says HOLD
Timcast News
Timcast Media
4.6 • 7.4K Ratings
🗓️ 2 February 2021
⏱️ 77 minutes
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Summary
Gamestop Rebellion Ignites MEDIA PANIC, NYT Calls For Biden "Reality Czar," Marc Cuban Says HOLD. NYT says that misinformation is too dangerous and a Biden Ministry Of Truth, I mean, a Biden "Reality Czar" and Task Force is needed to tackle lies.
But we can clearly see through the fake news narrative now. Media outlets seemingly acting in concert claimed WallStreetBets were rallying around Silver Shares, SLV, when 2 seconds could show you that they weren't. Bloomberg reported they were losing interest meanwhile Marc Cuban cheered them on and says to Hold gamestop stock.
There's only one reason they want a ministry of truth, I mean "reality czar," and that's because they can't control the narrative anymore and people see through the lies.
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Transcript
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| 0:00.0 | The GameStop Rebellion has the machine shook. |
| 0:04.7 | They're scared. |
| 0:05.7 | The hedge funds are set to lose a lot of money and people are starting to realize that |
| 0:09.7 | this goes well beyond just buying stock in GameStop. |
| 0:14.4 | Recently, Mark Cuban held an AMA and asked me anything session on Reddit where he ultimately |
| 0:20.3 | told the Wall Street bets redditors now 8.2 plus million to hold the GameStop stock even |
| 0:27.7 | though the price has been tanking dramatically. |
| 0:31.7 | You see those on Wall Street bets are saying this is called a short ladder attack. |
| 0:35.6 | Essentially the hedge funds are manipulating the stock, trading between each other to drive |
| 0:40.1 | the price down so that it appears as though the stock is valueless, people panic and then |
| 0:45.1 | they sell or to force margin calls, forcing people to deposit more money when they buy |
| 0:50.6 | stock on margin or to force brokers to pull those stocks and sell them automatically. |
| 0:56.5 | Things like it's a nefarious tactic because the machine is scared. |
| 1:01.0 | What happened when we saw the rise of meme power on the internet when it got Donald Trump |
| 1:05.7 | elected? |
| 1:06.7 | They claimed it was fascism and these people supported Trump were evil and far right and |
| 1:11.0 | you know that worked for a lot of people. |
| 1:12.8 | A lot of people on the left hated Donald Trump and bought into that narrative and people |
| 1:17.3 | who used to support free speech all of a sudden were just lining up right behind the |
| 1:21.4 | establishment media and pushing their line. |
| 1:24.3 | While this new issue is not partisan, the media is now trying a multitude of attacks. |
| 1:31.6 | We saw over the past week, then claiming over the past several days that Reddit was telling |
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