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  2022-04-04

  The Hypocrisy of Communists

  This is an Instagram post by memefrog9000. This shows a meme of a communist getting mad at Wall Street for stealing money, but is okay with Pfizer making profits off of the vaccine, with the communist in the comic saying "Got my fourth Fauci-ouchy!! So glad all those anti-vax chuds are going to die!!" This meme is in the standard wojak format, and the wojak from the late 2010s to the current 2020s has been a popular meme format for certain groups. The wojak of the communist is meant to be depicted negatively because he has double standards on which corporations are allowed to profit.
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  2021-04-15

  GameStop Part Three

  A continuation of my other two posts about the GameStop stock short squeeze. As time has gone on, GameStop's stock seems has remained volatile. In the past few weeks it has dropped slightly, but nowhere near where professional analysts (who may have a stake in it going down) have wanted it to be. GameStop has changed their internal structure, paid off over $200,000,000 in debt with cash, and all things are pointing up for them. However, the most interesting part of these few weeks as far as the pandemic is concerned is the internal dissent within GameStop communities on Reddit. This frenzy over the stock began on the subreddit WallStreetBets, but the return of old moderators to cash in on the moment caused an exodus to a new subreddit, simply called GME. Like WSB before it, this new subreddit was abandoned due to poor moderation, moving now to SuperStonks. There it remains to this day, however the active posters on these subs are extremely paranoid about hedge fund "shills" coming to spread uncertainty. The pandemic, from its very beginning, spawned a new type of investor. Tesla's skyrocketing stock price at the beginning almost one year ago is what made people on WallStreetBets rich, and many people who have previously never invested before (me included) have jumped onto the bandwagon to get some money for ourselves. Many of these new investors are now learning for the first time that the SEC is not necessarily out to protect them, and that hedge fund billionaires will not necessarily play by the rules. It remains to be seen the big takeaway from this revelation for most people, once the initial paranoia is past. Some people I have seen have developed a strong sense of class consciousness, seeing this as an attack on the little guy by billionaires who became exponentially more wealthy from such trickery during the pandemic. Others accept it as the way things are. It is certainly a historical oddity that the pandemic has triggered mass participation in the capitalist stock market, and the result may be a growing number of young opponents seeing for themselves the rigged system.
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  2021-03-11

  Gamestop Part Two

  In January 2021, Gamestop, a heavily shorted stock, soared through the roof. After tremendous manipulation and the threat of government intervention, the stock plummeted and most people assumed that the GME saga was over. They were all wrong. In early March, after a month of trading low, GME again skyrocketed in a matter of days. This time, it was fueled by the Covid relief checks that the Federal government just approved. Retail investors, especially young people, became more willing to throw over a thousand dollars into the ring. Only time will tell if this is the true Mother of All Short Squeezes as the Reddit community Wallstreetbets predicts.
• 2020-03-12

  Coronavirus hurting the economy

  The main point of this article is to inform the reader about the impact covid has had on our economy. Personally, I chose this article because I am very interested in the stock market and our economy and I feel like this article is right along the lines of that. This article shows how during this pandemic, the S&P 500 fell 21 percent and how by the end of 2020 we could see another recession. It also shows how if president Trump went through with the Payroll Tax Cut Act then we would have a lesser chance of recession. This is an important article because the economy is what America runs on and covid played a huge role in its downfall during the pandemic. There is definitely more of a conservative bias because it is from Fox News and it talks positively about Trump's economic policies. In my opinion, during a time like this the media should not have a bias because the virus does not care about your political views. What I mean by that is we need to be informed about the virus with facts and not opinions from the left side of the media and the right side. So the medias only responsibility should be to inform the American people with facts.