This installment of The David Pakman Show newsletter is free for everyone. I send these emails daily. If you would also like to receive it, join the newsletter today.
Note: This is totally separate from website Membership and does not affect your website Membership in any way.
Hedge Funds NUKED by Gamestop Short Squeeze
A group of Redditors are taking on Wall Street by investing in seemingly failing companies in order to stick it to short sellers. Short selling is when an investor borrows a stock, sells the stock, and then buys the stock back to return it to the lender. Short sellers are betting that these stocks will drop in price and they stand to make a lot of money if/when they do. In the past couple of weeks, people using the subreddit “wallstreetbets” have been encouraging people to buy Gamestop stock, along with AMC and a few other failing retail companies, in order to send rich investors into a tailspin. The Wall Street game of speculation and risky bets is being used against them and their losses could accrue into the billions of dollars.
Congresswoman Alexandria Ocasio Cortez took to Twitter to comment on the investing craze, saying: "So, market manipulation by federal reserve pumping $ into failing banks & corporations is okay. But Reddit users rallying GameStop is wrong and must be regulated? The entire stock market is disconnected from reality. Funny how quickly the financial press cries for hedge funds.” The current “meme stock” craze could be anything from a giant bubble to part of a large uprising in the world of finance. Where it goes from here, no one can say for certain.
Lunatic Congresswoman Harassed Student After Shooting
Rep. Marjorie Taylor Greene of Georgia has been under fire for tweets she posted before campaigning to become a US congresswoman. One example is when she called gun control activist David Hogg a “coward” weeks after the Parkland shooting. As an added bonus, Greene included that Hogg was receiving “George Soros funding.” In February of 2019, Greene posted about how Ilhan Omar and Rashida Tlaib should have to retake their oaths on a bible instead of a koran. Greene has also claimed that school shootings like Sandy Hook were “inside jobs” to garner support for passing gun control.
Greene, in the past, responded to controversies about her social media postings by trying to blame other people. "Over the years, I've had teams of people manage my pages. Many posts have been liked. Many posts have been shared. Some did not represent my views." This is a bogus explanation since the tweets were totally in line with the conspiratorial views she has pushed ever since launching her congressional campaign. Now there is a movement by some Democrats in Congress to censure Greene and to try to kick her out of office just one month into her term.
From yesterday’s show:
Millions of COVID Vaccines Went Missing Under Trump
Millions of COVID-19 vaccines reportedly went missing in the distribution process and no one is exactly sure how. The shortage happened in the waning days of the Trump administration. Since Biden was barely briefed during the transition period, they are now scrambling to try to figure out what happened to them. According to the Center for Disease Control (CDC), only 21.8 million vaccines have been administered despite 41.4 million being distributed to the states. This poor management in vaccine distribution will certainly lead to an extended period of battling the pandemic and more cases and deaths along the way.
--More on the show:
--David Livingstone Smith, Professor of Philosophy at the University of New England in Maine and author of the book "On Inhumanity: Dehumanization and How to Resist It," joins David to discuss how humans come to see other humans as "less than human." Get the book: https://amzn.to/2MdmJL1
--Joe Biden announces a freeze to US weapons sales to Saudi Arabia, a major geopolitical and foreign policy move that Donald Trump was not willing to make
--Notable discussions from the TDPS subreddit, including about hydroxychloroquine, the Intellectual Dark Web, and so-called Joe Biden "scandals"
--Senate Democrats introduce a bill that would make Washington DC the 51st state of the United States
--Financial disclosure documents reveal that Donald Trump's former White House Press Secretary Kayleigh McEnany had a gig lined up with Fox News, which is now apparently on pause
--Voicemail caller who voted for Bernie Sanders in the 2020 Democratic primary is happy with Joe Biden's first week in office
--On the Bonus Show: More on the Gamestop short squeeze, China deploys anal swab tests for COVID-19, Mike and Karen Pence reportedly "homeless" and "couch-surfing," much more...
--Become a Supporter: http://www.davidpakman.com/membership