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Gamestop: The End of the American Financial Empire

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First published at 09:43 UTC on February 2nd, 2021.

Radix

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The stock market is in turmoil . . . and Reddit is to blame. A group of alternative investors, in effect, sold the short-sellers short and took down a multi-billion dollar hedge fund. Day-trading bros are high-fiving . . . the Wall Street billionairs are crying . . . and the normies are scrambling to get in on the next 10X rally of a failing company or new crypto currency.

But what does it all mean? Does the current volatility and casino-like nature of the stock market foretell dark days ahead? More broadly, is the whole American empire and its planetary financial domination, another Gamstop, a pump-and-dump scheme writ large?

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Category	News & Politics
Sensitivity	Normal - Content that is suitable for ages 16 and over

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