Emanuel de Witte, The Amsterdam Stock Exchange, 1653.
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Like many people in the Dissident Right, I have been following the GameStop short squeeze with feelings of excitement and enthusiasm. I haven’t felt this excited about current events since Trump’s 2016 presidential campaign. While I have always enjoyed movies about the stock market, I never thought that a bunch of gamers would be able to beat the financial elite at their own game. (more…)
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If you’re new to high finance, then the concept of “shorting” is bizarre and convoluted. People actually make money from stocks falling? How is this possible? Why is it legal? Does this contribute anything to society? Am I missing out? Here’s how shorting works.
Let’s say you have a neighbor who is a cat lady that collects Beanie Babies. She has one prized beanie called Roary the Lion, worth $5000 (according to the intellectual darkweb, where these things are traded). (more…)