Free Britney

I was watching this New York Times documentary about the extraordinary situation of pop singer Britney Spears, 39, who’s been in conservatorship for 13 years.

According to Wikipedia: “A guardian or a protector is appointed by a judge to manage the financial affairs and/or daily life of another due to physical or mental limitations, or old age.” Apparently, the only way out of conservatorship, in almost all cases, is to die.

According to Wikipedia: “Spears entered a psychiatric facility amidst stress from her father’s illness that same month.[245] The following month, a podcast titled Britney’s Gram alleged that Jamie had canceled the planned residency due to Spears’s refusal to take her medication, that he had been holding her in the facility against her will since January 2019 after she violated a no-driving rule, and that her conservatorship was supposed to end in 2009.”

I feel like the West has been in conservatorship since 1945. Upon seeing that the working class voted for the Nazis, the elites decided that politics could no longer be trusted and that all sorts of things such as national identity that were once the domain of politics are now off-limits to politics. Philosopher Tracy Strong wrote in his Foreword to Carl Schmitt’s The Concept of the Political: “An intellectual consequence of the experience with Nazism was to effectively shrink, perhaps one might say homogenize, the language and terms of political debate in the subsequent period. As the Nazi experience fades from consciousness (at just over sixty years of age, I am among the last to have been born during the war and to have been taught by those with adult consciousness during the war), so also possibilities excluded by the specter of Auschwitz have returned. The revival of interest in Schmitt is consequent, I believe, to this increasing distance from the 1930s.”

* You could look at Gamestop trading where plebs were told they don’t know how to buy/sell stocks and the leading apps restricted trading, and social media companies cut off access in what looks like a coordinated attempt to snuff out a pleb revolution.

* Covid. You can’t say anything about Covid on the leading social media platforms that violates WHO guidelines. The WHO has acted as a mouthpiece for the CCP. Elites keep changing their minds on Covid, but they seem to always speak as though they are the experts and the plebs need to get in line to obey and there are only a narrow number of views good people are allowed to hold or they get get censored by social media.

* Race. Only a narrow range of views are allowed or you get censored and hounded.

* Martin Gurri writes: “There is an implicit ideology of the news. It rests on three claims: one, that consumption of news produces the omnicompetent citizen supposedly required by democracy; two, that news is a special form of information, complete in scope and objective in tone; and three, that the mission of news is to act as the voice of the people against the predations of power and wealth. As with most ideologies, these propositions are not internally coherent—but note that they enable news practitioners to feel morally superior both to the public (which must be educated) and the political class (which must be exposed).”

* Civil rights legislation means we no longer have freedom of association, in choosing who we rent to, employ, and live around. We are in conservatorship.

* Covid in the EU shows the failure of conservatorship to deal with reality. Martin Gurri writes: “I confess that I found it astonishing to see Angela Merkel, apostle of open borders, suddenly shut the gates to the entire country of Germany.  Yet that was the reaction of every government in Europe.  The EU was erected on the assumption that no existential threats remained in the continent.  When the coronavirus crisis arrived, national governments immediately moved to protect their people:  it was as if the EU did not exist.  When Viktor Orban used the crisis to allocate extraordinary powers to himself, there was only silence from Brussels.  When Italy desperately needed medical equipment, Brussels and the European nations looked the other way.”

Martin Gurri writes: “The behavior of the institutional elites during the pandemic recapitulated all the causes of the crisis of authority. They spoke with confidence from on high, as if they alone possessed the relevant information – but in fact the institutions of government and the health establishment lumbered slowly, handicapped by bureaucracy and a maze of regulations, while the digital public tracked the progress of the virus at the speed of light. The elites claimed to have the technical expertise to protect the population – but in fact they contradicted each other and not infrequently the same expert contradicted himself. In the US, for example, Dr. Anthony Fauci denied the need for a quarantine then a few weeks later mandated one; he also flip-flopped on the need to wear protective masks. The elites wrapped themselves in the mantle of science – but science isn’t a religion, and scientists turned out to have as many opinions as politicians. Thus the noise surrounding Dr. Didier Raoult in France, advocate of hydroxycloroquine treatment, who railed against “the tyranny of the methodologies” and has been labelled a “medical populist.””

Posted in Martin Gurri | Comments Off on Free Britney

Our Problems Are Not Our Problems, They’re Just Symptoms Of Deeper Problems (2-5-21)

Richard Spencer tweets Friday: “I’m taking a substantial break from posting on Twitter, though I might check back in occasionally to see news and such. This site has taken too much of my energy for years now, and it’s time to focus on more important stuff.”

if you are spending too much energy on Twitter or on extreme sports or on talking to the secretary at work or in caring for homeless dudes, that’s not the problem. That’s just a symptom of a deeper problem of a lack of connection. When we connect normally with ourselves and others, these things naturally sort themselves out. When we attack symptoms, we’re just going to play whackamole.

If you have somebody or something that is taking too much of your energy for years, then that person or place is not the problem. It’s just a symptom. If you’ve got a problem in one area of your life, e.g. tweeting too much to get that dopamine rush, you have the problem (dopamine chasing leading to unmanageability) throughout your life. That does not mean it is a bad idea to quit something cold turkey or to permanently abstain from a process or substance, but you are only dealing with symptoms not root causes, which will inevitably get back to selfishness and lack of normal human connection. My dad would often say, “It is easier to abstain than to be moderate.” True, but what is even easier is to ignore the root of a problem and only concern yourself with the shoots. If you can’t handle social media or chocolate or wine or politics or TV sports without indulging to excess, then you’ve got miswiring problem and the solution is to rewire. You’re reacting to stimuli in ways that don’t serve you, so rewire your reactions. I often hear people say how much better they feel when they abstain from social media or TV or politics, but it is the toxic way one compulsively and helplessly uses these things that is the problem. If you can’t stop yourself doing something that is bad for you, you need help. Usually people have to hit a wall or pass the age of 40 to become willing to do the work to get recovery. Ideally, one would not need to crash to get help.

Richard Spencer, who earlier in his life wanted to devote himself to theater, appears motivated by attention seeking and uniqueness seeking. I think I recognize that because I have the same tendency. I don’t like analyzing people by their motivations, but if you can come up with one explanation that seems to explain otherwise mystifying behavior, then you are using abductive reasoning aka reasoning from inference. You are behaving like a detective in a genre detective story. You start with observations and you seek the simplest and most likely conclusion from the observations.

I don’t think I live stream out of compulsion. If I have nothing to say, I don’t go live. I don’t tweet, blog, make content out of compulsion any more because I’m learning to come to peace with myself. If you are wasting your energy, you are not at peace with yourself. How would one know if one is live streaming or tweeting out of compulsion? It will interfere with the rest of your life, not complement it. It will produce unmanageability. When I want to meet up with a friend, I usually move around my livestreaming not vice versa.

If you live for sports or politics or gambling, you live to escape from your life. Extreme fandom means you are a marginalized loser. The more you need to bask in reflected glory, the less glory you are building for yourself. If you are good with God or with yourself or with others, you probably don’t need as intensely to bask in the reflected glory of others.

The more intense your emotions about sports or politics, the more messed up you are. Notes this article: “Fans invest time and energy into sports because it’s an escape from the other parts of their lives. Fans are fans, because they are part of the team. Fans are fans because they want to be a part of the story.”

Posted in Addiction | Comments Off on Our Problems Are Not Our Problems, They’re Just Symptoms Of Deeper Problems (2-5-21)

The Secret History of the Shadow Campaign That Won the 2020 Election (2-5-21)

00:00 World premiere Monday for Apricot Sky (1995)
03:00 Richard Spencer quits Twitter, https://trad-news.blogspot.com/2021/02/spencer-goes-into-dopamine-rehab-in.html
05:00 Our problems are not our problems, they are symptoms
18:00 The psychology of sports fans, https://www.psychologytoday.com/us/blog/fulfillment-any-age/201112/the-psychology-sports-fans
26:00 Saagar Enjeti: Ted Cruz’s EMBARRASSMENT Shows Why GOP Is Completely SCREWED, https://www.youtube.com/watch?v=b8UeC8OAfkc
1:14:00 Babs joins
1:21:00 Ricardo joins
2:11:00 Volksgmeinschaft, https://en.wikipedia.org/wiki/Volksgemeinschaft
2:15:40 America at a Crossroads | Benjamin Ginsberg and Rick Hasen with Pam Fessler, https://www.youtube.com/watch?v=dO-z8MaOlzU
2:16:30 Electoral law scholar Rich Hasen, https://en.wikipedia.org/wiki/Richard_L._Hasen
2:18:00 NICK FUENTES AMERICA FIRST EP. 753, https://www.bitchute.com/video/A0C33XfB7Xcv/
2:32:35 They so horny? Professor Hamamoto has a dream that one day Asian men will be judged not by the color of their skin but by the character of their penis. https://www.cc.com/video/b97ic9/the-daily-show-with-jon-stewart-they-so-horny
2:47:00 The case for short sellers
2:52:00 Lou Dobbs fired
3:27:30 Angelo John Gage’s platform: This is not a game! https://www.youtube.com/watch?v=KkcPM16Q2H4

Posted in America | Comments Off on The Secret History of the Shadow Campaign That Won the 2020 Election (2-5-21)

America Will Dominate The 21st Century More Than It Dominated The 20th (2-4-21)

00:00 Why are dissident right streamers down on America?
03:00 Law as enforced vs law on the books, https://www.espn.com/nfl/insider/story/_/id/30821470/the-best-super-bowl-preview-read-barnwell-makes-chiefs-bucs-prediction-picks-storylines-watch
08:00 The case for holding (NFL not enforcing laws against it), https://www.espn.com/nfl/insider/story/_/id/30629058/want-advantage-nfl-playoff-teams-hold-every-play-officials-calling-it
15:50 “The Future of the Liberal International Order” with John Ikenberry and John Mearsheimer, https://www.youtube.com/watch?v=JHdE8z_ur6A
18:00 Woman does Dance Workout During Myanmar Military Coup
21:00 Roundtable on ‘Unrivaled: Why America will remain the world’s sole superpower’, https://www.aei.org/research-products/report/roundtable-on-unrivaled-why-america-will-remain-the-worlds-sole-superpower/
34:00 Do you want to appeal to the best in people or the worst?
39:00 Why Do People Believe In Conspiracy Theories?, https://lukeford.net/blog/?p=136851
43:00 Why This Could Be an Illiberal American Century, https://www.foreignaffairs.com/articles/united-states/2020-10-06/illiberal-american-century-rogue-superpower
1:08:00 Keith Woods: WallStreetBets, Anarcho-Populism And Collapse, https://www.youtube.com/watch?t=1458&v=HFKP4VK1LOY&feature=youtu.be&ab_channel=KeithWoods
1:15:40 Why our enemies support dissidents (Fuentes, Enoch, Striker, etc.) and vice versa, https://www.youtube.com/watch?v=YriP-CCxmnQ
1:24:00 We choose what we focus on
1:46:30 FALSE FLAG WEEKLY NEWS – 1/31/21 E. MICHAEL JONES & DR KEVIN BARRETT, https://www.bitchute.com/video/aAp7dN04dmuc/
1:57:50 NWG: LONDON MARCH: UK PATRIOTS’ MISTAKE WAS THAT THEY DIDN’T UNDERSTAND WHO REALLY HOLDS THE POWER., https://www.bitchute.com/video/olPfOHh9QyHD/
2:15:00 PAUL GOTTFRIED JOINS US AT THE JOLLY HERETIC TO EXPLORE THE NEW THEOCRACY, https://www.bitchute.com/video/6d8h5Wm5IZsT/
2:37:00 ABC Australia Day/Invasion Day Bungle
2:42:00 The internet rewired our brains, https://www.nytimes.com/2021/02/04/opinion/michael-goldhaber-internet.html
2:59 Abide With Me, https://www.youtube.com/watch?v=xFll6fIgRGQ

Posted in America | Comments Off on America Will Dominate The 21st Century More Than It Dominated The 20th (2-4-21)

Gamestop and the Revenge of the Elites (2-3-21)

00:00 Babs joins
04:00 Gamestop and the elites
26:00 GAMESTOP: THE END OF THE AMERICAN FINANCIAL EMPIRE, https://www.bitchute.com/video/wEOYMMPNOFQm/
30:00 Deepfake Jordan Peterson audiobook, https://www.youtube.com/watch?v=SoXsbD0j70c
41:00 Hunter Wallace and Matthew Heimbach join Marcus Cicero and Billy to discuss the Capitol Siege, https://www.bitchute.com/video/l7N9ACooLC38/
47:20 Nick Fuentes on buying stocks to screw the system
52:00 The Bigger Short – The Dave Portnoy Show: Dave and Eddie chat with famous short seller Marc Cohodes about the meme stock revolution. https://www.youtube.com/watch?v=3wXHMGkjbzI
1:07:00 Angelo John Gage says he can’t be stopped, https://www.youtube.com/watch?v=AgjtlxPgVpI
1:12:00 Are Private Messaging Apps the Next Misinformation Hot Spot?, https://www.nytimes.com/2021/02/03/technology/personaltech/telegram-signal-misinformation.html
1:17:00 Matt Heimbach: Don’t expect cops to protect you
1:20:30 DJ Axle: Christopher Cantwell, https://www.youtube.com/watch?v=adYujC04ob0
1:23:00 Bang Bus, Alt Right Edition
1:31:00 Waltzing Matilda, https://trishansoz.com/trishansoz/waltzing-matilda/waltz.html
1:41:20 Owen Benjamin vs Nick Fuentes, https://www.bitchute.com/video/1g5pbOGUCLQH/
1:46:00 David Sacks: GameStop was a warning: Elites are weaponizing censorship to keep the outsiders out, https://www.persuasion.community/p/the-insiders-game-799
2:02:50 BILL GATES HOPES THE “CRAZY” AND “EVIL” CONSPIRACY THEORIES ABOUT HIM AND DR. FAUCI WILL GO AWAY!
2:03:50 Pastor Rick Wiles interviews Andrew Torba of Gab.ai, https://www.youtube.com/watch?v=VZEIM7MB_aQ
2:12:45 Brother Nathaniel on Texit, https://www.bitchute.com/video/VIkau2e7KV2K/
2:14:15 The Hapa Perspective: The woke “social justice” left doesn’t care about Asian men. Expose their fraud: win the culture war, https://www.youtube.com/watch?v=pRrUyaHfVuk
2:17:10 Texas v Pennsylvania, https://www.youtube.com/watch?t=3240&v=5TuJWtiht-Q&feature=youtu.be&ab_channel=RekietaLawLive
2:27:50 Unpopular Opinions, Part 146: 300,000 Hong Kongers Can’t Be Wrong, https://www.youtube.com/watch?t=4900&v=enHgbwxvsqA
2:32:40 Philosopher John Gray on social media censorship Donald Trump, https://www.bbc.co.uk/sounds/play/m000r5pm
2:38:00 Why professional athletes and Olympians struggle with life after sport, https://www.youtube.com/watch?v=2Zs10zs3qVI
2:52:20 Coming to terms with your emotions, https://www.tmswiki.org/ppd/TMS_Recovery_Program
2:55:00 Robin Williams does the Australian Accent
3:20:00 Jordan Peterson on his depression, drug dependency and Russian rehab hell, https://www.thetimes.co.uk/article/jordan-peterson-depression-drug-dependency-daughter-mikhaila-rehab-russia-0xtz2ph32
3:45:30 Andy Ngo’s new book on Antifa
3:49:00 Redbar: Mikhaila Peterson’s $600 Meat Scheme! Jordan Peterson’s Daughter Caught in Carnivore Diet Scam?
4:02:00 Owen Benjamin on Mikhaila Peterson, https://www.bitchute.com/video/V_Zqy1gWiEM/
4:14:45 Roosh tells Owen he wants to get married, https://www.bitchute.com/video/Fe9R5RIKJBxy/
4:35:00 Say It With Feeling: Megastars, Media Tsars, Trailblazing TV: Memoirs of a Prime Time Warrior, https://lukeford.net/blog/?p=133104
4:46:00 The Tyranny of Distance: How Distance Shaped Australian History, https://lukeford.net/blog/?p=132209

Posted in America | Comments Off on Gamestop and the Revenge of the Elites (2-3-21)

I Want My Streaming To Complement My Life

Luke talks to Babylonian Hebrew about creating live streams that work with your life rather than against it.

Luke discusses this Four Corners documentary: Why professional athletes and Olympians struggle with life after sport:

My Age of Treason debate, https://soundcloud.com/luke-ford-666431593/jq-debate-with-age-of-treason

Non-native eucalyptus and biodiversity, https://lukeford.net/blog/?p=136722

MP3: https://soundcloud.com/luke-ford-666431593/like-sands-through-the-hour-glass-so-are-the-streams-of-our-lives-2-1-21

Luke’s brief acting career in 1995/1996.

Posted in Addiction | Comments Off on I Want My Streaming To Complement My Life

Times: Jordan Peterson on his depression, drug dependency and Russian rehab hell

I thought this profile was fair, but the Petersons did not appreciate it.

From the Times of London:

The superstar psychologist, scourge of snowflakes, and his daughter, Mikhaila, explain how he unravelled — and their bizarre journey to find a cure…

I thought this was going to be a normal interview with Jordan Peterson. After speaking with him at length, and with his daughter for even longer, I no longer have any idea what it is. I don’t know if this is a story about drug dependency, or doctors, or Peterson family dynamics — or a parable about toxic masculinity. Whatever else it is, it’s very strange…

If his rise to fame was dramatic, what has happened since he disappeared from public view 18 months ago sounds fantastical — in his daughter’s words it is “like a horror movie”. A movie in which her father gets hooked on benzodiazepines, becomes suicidal, is hospitalised for his own safety and then diagnosed with schizophrenia. Against his doctors’ advice she flies him to Russia to be placed in an induced coma. He emerges delirious, unable to walk, and ricochets from one rehab centre to another, ending up in a Serbian clinic where he contracts Covid-19. Back home in Canada at last, from where he speaks to me earlier this month, he breaks down in floods of tears and has to leave the room. When I ask if he feels angry with himself for taking benzodiazepines, his daughter jumps in, arms waving — “Hold on, hold on!” — and tries to bring the interview to a close.

If this was a movie, its director would unquestionably be the 28-year-old Mikhaila Peterson, CEO of her father’s company. She and her Russian husband appear to have assumed full charge of his affairs, so before I am allowed to speak to him I must first talk to her. Unrecognisable from the ordinary-looking brunette from photos just a few years ago, Mikhaila today is a glossy, pouting Barbie blonde, and talks with the zealous, spiky conviction of a President Trump press spokeswoman.

A friend says:

Jordan Peterson is nihilism 101. There is no lesson. So had Jordan not achieved the wealth from a fatuous message delivered beautifully and got depressed, hooked on benzos while relying on his teaching/clinical job, he’d be up the creek. Just another guy who ‘failed at life.’ There is no lesson here. Some win some lose. ‘All men are deceitful’–Psalms
And I consider myself a fan of his. I enjoy his classroom lectures immensely. I do know that I lost more respect for him tweeting that Kavanaugh should voluntarily withdraw from nomination to SCOTUS because of unsubstantiated accusation, than I did for his benzo addiction/ cover up, daughter wackiness in speaking on his behalf. The latter is a personal issue, the former an issue of principle. Although to build a career on personal responsibility while getting hooked on benzos and first covering it up, might be principle issue as well.
As a nihilist though I know that we value people not on principle but on their charm/likability, as much as we then like to translate basic charm/appearance into some virtue to convince ourselves morality not likability guide us when it does not.
We don’t get attracted to the virtues of a fat chick. (Virgil)

On his blog, Jordan publishes his email to an editor of the Times:

Dear Ms. Agnew:

I reread this polite, positive, and hopeful interview request letter of today after the promised Sunday Times piece on my daughter and I was published.

I can’t help but be struck by the vast gap between what was offered and the resulting interview, which no reasonable reader could possibly consider “celebrating (!) my life and career so far” (as indicated by an overwhelming majority of the readers of this piece, at least as indicated by their public comments, already numbering in the hundreds). In consequence, I have decided to write you and ask you for your opinion on what has happened as a consequence of your invitation.

The words you chose in your invitation – for example, “hoping that he is doing better,””such an exhausting, uncompromising virus,””it must be an incredibly stressful time for you all,””when the time feels right” were couched in such markedly friendly and supportive language that I allowed myself to trust the Times to deliver the story in the manner you proposed. I believed in good faith that my life and career as well as my health would be discussed fairly and without prejudice. My editors and publishers at Penguin Random House evinced the same faith, relying on their belief in the integrity of your paper.

I do not think that it is mere thin-skinned sensitivity on my part to believe that I would have fared no worse had I discussed my affairs with an avowed enemy. And what was done to my daughter–who uprooted her husband and small daughter more than a dozen times to accompany and care for me in four countries in the last year while simultaneously dealing with her own severe health issues (skeptically described by your author) and the near death of her mother–was brutally unfair, callous and cold. Her illness, thoroughly documented over multiple years at the Toronto Hospital for Sick Children, resulted in the shattering and painful disintegration of her right hip and left ankle and their surgical replacement of both before she was seventeen. She had 38 joints afflicted with degenerative arthritis, suffering from one of the most severe cases of juvenile RA her attending physicians had ever encountered. Her prognosis at age eight was continual, multiple joint replacements if exactly the sort that eventually occurred. In her teenage years, she walked around on what were essentially two broken legs for more than a year while we arranged for corrective surgeries, whole her mother and I desperately searched for medical expertise across many countries. And she managed to stay in school and forged forwards unstoppably despite all that. There is simply no excuse for Aikenhead to imply that the reality of all this is somehow questionable, as she clearly did when she opened her discussion of Mikhaila’s illness with the words “according to her website.” No. Not “according to her website,” with the sly intimation of falsehood hinted at by such phrasing. Actually. In painful reality. Over many long years and immediately verifiable – or not – by a simple request to the medical authorities involved.

I am frankly stunned by the degree of sheer cruelty and spite manifested by your journalist, Decca Aitkenhead and by the degree of misrepresentation (if that’s what it was) necessary to entice me into speaking as I did with her, with no intention on my part other than to answer the questions she put to me as clearly and honestly as my deeply flawed self could manage. Given the manner in which you crafted your invitation to me, I can’t understand how you can in good conscience accept what transpired.

Sincerely,

Dr Jordan B Peterson

Posted in Jordan Peterson | Comments Off on Times: Jordan Peterson on his depression, drug dependency and Russian rehab hell

Why Do People Believe In Conspiracy Theories?

Thomas Edsall writes for the New York Times:

* “people are attracted to conspiracy theories when important psychological needs are not being met.” She identified three such needs: “the need for knowledge and certainty”; the “existential need” to “to feel safe and secure” when “powerless and scared”; and, among those high in narcissism, the “need to feel unique compared to others.”

* Conspiracy theories seduce not so much through the power of argument, but through the intensity of the passions that they stir. Underpinning conspiracy theories are feelings of resentment, indignation and disenchantment about the world. They are stories about good and evil, as much as about what is true.

* the Trump movement can be seen as populist, meaning that this movement espouses a worldview that sees society as a struggle between ‘the corrupt elites’ versus the people. This in and of itself predisposes people to conspiracy thinking. But there are also other factors. For instance, the Trump movement appears heavily fear-based, is highly nationalistic, and endorses relatively simple solutions for complex problems. All of these factors are known to feed into conspiracy thinking.

* Conspiracy theories are essentially alarm systems and coping mechanisms to help deal with foreign threat and domestic power centers. Thus, they tend to resonate when groups are suffering from loss, weakness or disunity.

* People are more likely to endorse conspiracy theories that make their political rivals look bad when they are on the losing side of politics than when they are on the winning side, regardless of ideology/partisanship.

* Throughout his presidency, Miller wrote, former President Trump pretty much governed as a “loser.” He continued to insist that he would’ve won the popular vote in 2016 had it not been for widespread election fraud. So it’s not surprising, given Trump’s rhetoric, that Republicans during the Trump presidency were more likely to endorse conspiracy theories than we’d have expected them to, given that they were on the winning side.

* QAnon followers are, in a sense, extremists both politically (e.g., wanting to overthrow the U.S. government) and psychologically (e.g., exhibiting many antisocial personality traits).

* As polarization increases, tensions between political parties and other groups rise, and people are more willing to construct and believe in fantastical ideas that either malign out-groups (e.g., “Democrats are Satan-worshipping pedophiles”) or bolster the in-group (e.g., ‘we only lost because you cheated’). Conspiracy theories, in turn, raise the temperature of polarization and make it more difficult for people from different partisan and ideological camps to have fact-based discussions about political matters, even those that are in critical need of immediate attention.

Posted in Conspiracy | Comments Off on Why Do People Believe In Conspiracy Theories?

Short Selling

A friend says: To sell short, you are borrowing something from the owner, then selling it with promise to repay. Most short sellers have gotten wiped out last three years. Short selling has basically been banned by the fed, while ostensibly keeping it legal. Banning short selling is just an admission that you have a fake market, a one way market. It’s not true price discovery. that’s why fed and sec (us govt) very careful not to officially ban it as that would cause a panic counterintuitively like when the sec, imposed bans on short sales of certain finanical stocks in 2008, it cause greater panic. Rarely does short selling succeed unless company is a fraud or indeed worthless. Shorts aren’t fighting mom and pop, but self serving company boards, and promoters who want to unload as much stock as possible to broader market to enrich themselves. Elon Musk has a dim view of short selling, because the short sellers correctly appraised his business as being insolvent, and non profitable, but free market allows others to value it on future hopes etc. they just pointed out how weak fundamentals were and shorted it and got destroyed in doing so. So, they are a form of vigilante cops. The ultimate price vigilantes. They are market participants, not dumb corrupt bureaucrats. If your stock price doesn’t have capacity to offset short selling , than its not a true price, its fake. Short selling is brutally hard, because by and large all forces conspire against you, the govt, the exchanges, the public, the company putting out bullshit press, jim cramer nonsense cheering it on etc.

Its practitioners are compensated only that they take on risk. Melvin ran into a lazy trade because they take on leverage to the long side. so if they have 10B in assets they will assume 15B in stock positions making them 150 pct LONG. Because market is mostly unshortable w fed policy, and they want to have short exposure to hedge their levered long 15B, they maintain short of GME and AMC and other garbage along w tons of puts to ostensibly be neural of their 150pct LONG, to have 5B hedge short so now they are seemingly now only 100pct long.
although they have taken on 20B in positions
its like going 1B short and 1B long and saying you zero risk exposure , when you really have 2B in exposure.
so just to have some short exposure to offset their long exposure and there are no good shorts they pile into the super cheap/obvious ones along with a bunch of other funds doing similar thing.
Things could have been much worse for melvin if regular market sold off too, then they would have lost money on their Shorts and their longs. putting their losses probably from 50pct to 100pct.. So they got lucky. Long short funds blow up when their really no correlation between their short bets and their long bets and BOTH go against them.
It’s like betting on a team w great offense to win a game against another great offense, so you leverage the bet by betting on team you like to win plus the OVER on the over under. Then you team loses to the other team in 10-7. SO you lose both bets.

Posted in Wall Street | Comments Off on Short Selling

Like Sands Through The Hour Glass, So Are The Streams Of Our Lives (2-1-21)

00:00 Why I stream
13:00 How has fashion changed since I went to UCLA in 1988?
23:50 Circumcision – Andrew Yang – Ben Shapiro
26:00 The information tsunami that rolled over the elites, https://lukeford.net/blog/?p=136834
30:00 #KILLSTREAM CLIP: DINGO DISMISSED
48:30 THE AWAKENING OF KAREN by MW, https://www.bitchute.com/video/u44rbfpCfyXK/
56:00 Why professional athletes and Olympians struggle with life after sport
1:08:00 Babs joins
1:45:00 My Age of Treason debate, https://soundcloud.com/luke-ford-666431593/jq-debate-with-age-of-treason
1:54:00 Arabs vs Israelis
1:58:00 Non-native eucalyptus and biodiversity, https://lukeford.net/blog/?p=136722
2:02:50 Has Richard Spencer abandoned the alt right? https://www.youtube.com/watch?v=9l_Z7JEKZxw
2:48:00 PrepareWithLuke.com

Posted in America | Comments Off on Like Sands Through The Hour Glass, So Are The Streams Of Our Lives (2-1-21)