Previously, you could hold your own in social circles as a member of social species if you watched the evening news like everyone else. Now, you have to keep up with “stonks” and “tendies” (as in chicken tenders) and stories of redditors destroying billion dollar hedge funds. If you’re out of the loop and don’t understand the memes being shared, you have to dig in and do some research. You have to learn and expand your awareness of what currently “is.”
I’m loving this GME /r/wallstreetbets craziness going on becuase it’s actually some sanity. When things are so messed up (no, you should not be borrowing 140% of something: that’s physically impossible), that a group of people coming together and saying “the emperor that is the financial industry has no clothes!” you get unprecedented outcomes. People all over the world are learning what a “short squeeze” is. They are learning things they were never taught in school about how money and finances and the stock market really works.
They are learning what those of us in cryptocurrency already know: financial value is shared belief. I’ve been talking about this for years:
The world is waking up.
What will a woken up world look like? What will all those newly awoken people see? What will they do in response?
If you’re feeling a bit uncertain, start with memorizing logically fallacies, maxims, and principles. I created a tool last weekend to help you with this: https://wisdomnuggets.lukestokes.info/
Clear seeing will help you understand why these events are happening and what it all means.
Some good Twitter thoughts and threads on the GME stuff:
https://twitter.com/mrbrowneyes2020/status/1354517067240771584?s=21
- mrbrowneyes2020
https://twitter.com/apompliano/status/1354487225342439424?s=21
- apompliano
https://twitter.com/bigcfinancial/status/1354466200626065415?s=21
- bigcfinancial
https://twitter.com/bucksexton/status/1354586089135230978?s=21
- bucksexton
https://twitter.com/toxic/status/1353890766800621569?s=21
- toxic