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Big League Economics

Robinhood Restricts Cryptocurrency Trading ‘Due to Extraordinary Market Conditions’

The little guy gets screwed again.

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The investment app Robinhood has restricted cryptocurrency trading on their platform “due to extraordinary market conditions,” which means the little people were exercising their financial power and needed to be shut down.

Robinhood has restricted trading temporarily due to the surge in prices for Bitcoin and other meme-based cryptocurrencies, such as Dogecoin. They feared that investors would rush these stocks, similar to what has happened with GameStop, and cause fluctuations undesirable to the corporate elite.

The app is now engaging in blatant market manipulation to stop small investors from making gains. This shows how the system is designed to protect the rich and powerful at the expense of the average American.

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“Due to extraordinary market conditions, we’ve temporarily turned off instant buying power for crypto,” Robinhood said in an announcement released to CNBC.

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 “Customers can still use settled funds to buy crypto. We’ll keep monitoring market conditions and communicating with our customers,” Robinhood added.

Big League Politics has reported about the crackdown by the establishment over GameStopgate, as the people begin to understand their collective economic power in the marketplace:

Discord has banned a popular r/WallStreetBets server from its service, with the timing of the ban coming as small investors make a killing through purchasing stocks ‘shorted’ by Wall Street hedge funds.

Discord took the weak excuse of “Hate speech” for banning the server.

Retail investors had been using the Discord server for speculate about finance and the stock market, discussing shorted stocks such as Gamestop, AMC, and Nokia. Wall Street hedge funds have bet on these companies to fail, borrowing almost 100% of their stock at dirt-cheap prices. The casino gamble has failed, with individual investors scooping up the uninflated stock and essentially driving up stock prices by hundreds of dollars…

What a coincidence- Discord decides to ban the server the very same day that retail investors buy into stocks uninflated by the biggest Wall Street fat cats.

The San Francisco tech company has now sought to interfere in free markets on behalf of powerful Wall Street interests, cracking down on the little guy with bogus accusations. Don’t count on them facing any scrutiny for the anti-competitive action from the mainstream media.

More people are understanding that Wall Street is a rigged casino that is designed for the elites to make a killing off the backs of the American people. This is true injustice and will only add to the populist anger that is rising nationally.

Big League Economics

Globalists are Planning ‘Climate Lockdowns’ to Finish Off Economic Prosperity in the West

They are coming for everything.

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While COVID-19 mass hysteria may be waning, the globalists are intent on continuing the trend of locking down society and destroying economic prosperity for the peasants.

After the scamdemic comes to an end, it will be climate change used to pump the masses full of fear and get them to accept Draconian measures to cripple their own civilization.

Mariana Mazzucato, a professor at the Economics of Innovation and Public Value Center at University College London, is setting the stage for climate lockdowns if unprecedented taxation and centralized power are not exerted over the economy.

“Under a ‘climate lockdown,’ governments would limit private-vehicle use, ban consumption of red meat, and impose extreme energy-saving measures, while fossil-fuel companies would have to stop drilling,” Mazzucato wrote in her white paper, Avoiding a Climate Lockdown.” 

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She contends that the only way to stop the inevitability of climate lockdowns is to “overhaul our economic structures and do capitalism differently,” meaning do away with it entirely and replace it with totalitarian socialism.

“[G]overnment assistance to business must be less about subsidies, guarantees, and bailouts, and more about building partnerships. This means attaching strict conditions to any corporate bailouts to ensure that taxpayer money is put to productive use and generates long-term public value, not short-term private profits,” she wrote. 

“Because markets will not lead a green revolution on their own, government policy must steer them in that direction. This will require an entrepreneurial state that innovates, takes risks, and invests alongside the private sector,” Mazzucato contended.

Her writings are already influential, according to the New York Times, among politicians who are using her scribblings as an excuse to take unprecedented power-grabs.

Sen. Elizabeth Warren (D-MA) has incorporated Mazzucato’s writings into policy ideas such as using “federal R & D to create domestic jobs and sustainable investments in the future.” Rep. Alexandria Ocasio-Cortez (D-NY) is considering Mazzucato’s ideas to strengthen her Green New Deal proposal.

Even Republican lawmakers are embracing Mazzucato’s extreme anti-capitalist doom prophecies. Sen. Marco Rubio (R-FL) cited Mazzucato in his proposal, “American Investment in the 21st Century,” which is essentially a manifesto of surrender to the Left from the failed neoconservative 2016 presidential hopeful.

“We need to build an economy that can see past the pressure to understand value-creation in narrow and short-run financial terms,” Rubio wrote in the introduction, “and instead envision a future worth investing in for the long-term.”

Mazzucato has also influenced former British Labour Party leader Jeremy Corbyn, former British prime minister Theresa May, and Scottish leader Nicola Sturgeon. Mazzucato’s reach extends to other countries such as Germany and South Africa, and she is considered a charismatic rising star in the field of economics.

It should be obvious by now that the ruling elites never intend to restore freedom to pre-COVID levels. The lockdowns are a permanent fixture of society now, and they will be reintroduced at some point under the guise of stopping climate change.

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