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Booting of ‘peasant’ traders taking on bully hedge fund millionaires a light bulb moment for the left?

January 28, 2021 | | Print Article

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Thanks to pressure and slander from mainstream media elites, a chatroom that was used to orchestrate the skyrocketing of the gaming company GameStop’s stock from around $40 to nearly $350 in a matter of days has been banned.

As previously reported, a large group of independent investors worked together this week to spike GameStop’s stock in a bid to teach hedge fund managers a lesson.



The managers had been using their vast quantities of wealth/power to keep GameStop’s stock from rising. Communicating through the r/WallStreetBets chatroom, the investors worked together to overpower the managers and cause the stock’s value to rise. In doing so, they cost the managers billions of dollars.

This stunning, unprecedented move triggered rage from establishment elites, and so they responded via their media proxies by linking what had happened to not only former President Donald Trump but even so-called “Nazis” as well.

Here’s CNN’s Chris Cillizza tying the event to so-called “Trumpism”:

Here’s Mother Jones’ Ali Breland tying the event to so-called “Nazis”:

This bellyaching was apparently enough to convince Discord, the platform that had hosted the chatroom, to nix the room on the grounds that it contained “hate speech.”

“The server has been on our Trust & Safety team’s radar for some time due to occasional content that violates our Community Guidelines, including hate speech, glorifying violence, and spreading misinformation. Over the past few months, we have issued multiple warnings to the server admin,” the platform claimed in a statement.

“Today, we decided to remove the server and its owner from Discord for continuing to allow hateful and discriminatory content after repeated warnings.”

Discord also claimed that its abrupt decision wasn’t due to the situation with GameStop, though it failed to provide any examples of r/WallStreetBets’s “hate speech” or explain why it’d waited until Wednesday to take any action.

Its sudden decision provoked an outcry of backlash from everyone ranging from classical liberals like Pulitzer Prize-winning journalist Glenn Greenwald to hardcore leftists like Rep. Alexandria Ocasio-Cortez, die-hard conservatives like Jack Posobiec and idiosyncratic billionaires like Elon Musk.

Look:

There’s a lot more where that came from, and all of it shows the same pattern of both right-wingers and leftists finally agreeing on an issue.

Despite the setback, r/WallStreetBets is still alive. The group of investors also boasts what’s called a subreddit (which is kind of like a mix between a chatroom and a forum) on the platform Reddit, and as of Thursday morning, it still remained active.

Through this subreddit, the group released a statement late Wednesday slamming Discord.

“Discord did us dirty and I am not impressed with them destroying our community,” the group’s leader said.

What remained unconfirmed is the true motivation for Discord’s actions. Greenwald believes it’s a consequence of the same pro-censorship drive from establishment elites that’s been used to silence conservative voices, including that of former President Donald Trump.

Because of the perceived link, he seems less than sympathetic toward the left-wingers who’re upset by Discord’s banning of the r/WallStreetBets chatroom.

Look:

He has a point, no?

Undergirding his point is the belief that, instead of feuding against one another, populist right-wingers and lefties should work together against the establishment.

Why? Because as conservative commentator Michael Cernovich points out in the tweets below, at the end of the day, the country’s future does really ultimately boil down to a battle between the elites and the “peasants”:

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Vivek Saxena
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