In which Chamath quite literally says Robinhood “should go to fucking jail” for obeying legal collateral requirement

Like he actually connects the two and mentions collateral requirements and says RH should go to jail
This is maybe the worst discussion I’ve heard of GME from people who clearly know better. They’re encouraging people to “watch billions” to understand how hedge funds work.
Oh just got to the point where they call for a short term transaction tax to REPLACE the capital gains tax.

Chamath calls lowering the cap gains tax “genius”
Oh now Chamath believes the class actions will work because of the “implied losses,” because users clearly lost tens of billions theoretical gains!

The solution is to move accounts to other brokers (like sofi)
Ok now they’re guaranteeing us that the ‘hedge funds screenshotted bad posts on the discord and Reddit to shut down free speech’
Oh Chamath agrees that the deplatforming of Trump made no sense and compares it to the “economic censorship of Robinhood” (I think he means limited buy activity)
These rich guy pods always just pull back the curtains on how much rich investors are just giant cranks like everyone else on the internet (not like me, poor and level headed if online addicted)
Chamath: “is GameStop red scare or @realdonaldtrump? Who the hell are we to decide! But all three got canceled”

Im dead
Oh thank god they do end by telling listeners to just buy vanguard and don’t play individual day trades...but maybe say that in the first 5 minutes?
Nope no we have ten minutes of why Newsom needs to be recalled and how when this country started we didn’t have “career politicians,” because everyone “took their turn leading” - this is mind boggling historical illiteracy

More from Trading

Fake chats claiming to be from the Irish African community are being disseminated by the far right in order to suggest that violence is imminent from #BLM supporters. This is straight out of the QAnon and Proud Boys playbook. Spread the word. Protest safely. #georgenkencho


There is co-ordination across the far right in Ireland now to stir both left and right in the hopes of creating a race war. Think critically! Fascists see the tragic killing of #georgenkencho, the grief of his community and pending investigation as a flashpoint for action.


Across Telegram, Twitter and Facebook disinformation is being peddled on the back of these tragic events. From false photographs to the tactics ofwhite supremacy, the far right is clumsily trying to drive hate against minority groups and figureheads.


Declan Ganley’s Burkean group and the incel wing of National Party (Gearóid Murphy, Mick O’Keeffe & Co.) as well as all the usuals are concerted in their efforts to demonstrate their white supremacist cred. The quiet parts are today being said out loud.


The best thing you can do is challenge disinformation and report posts where engagement isn’t appropriate. Many of these are blatantly racist posts designed to drive recruitment to NP and other Nationalist groups. By all means protest but stay safe.

You May Also Like