10,000 Bulletins: No One Can Stop the Presses! (Part 1)

he lifted them into frame while making eye contact with the photographer

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https://suttacentral.net/sn4.25/en/bodhi

Siddhartha Gautama try not to cum challenge

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Lee Carvallo’s Nutting Challenge

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Your balls are in… parking lot

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20210125_163542

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Shingy was right

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i still don’t understand how shingy happened
who paid for shingy

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Hahahhahaa I’m cackling and I have no idea who that is

https://www.reddit.com/r/stallmanwasright

"With software there are only two possibilities: either the users control the program or the program controls the users. If the program controls the users, and the developer controls the program, then the program is an instrument of unjust power. " – Richard M Stallman

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I came here to make a post about this, because things are getting pretty interesting and a lot of people are starting to pay attention. Basically this short squeeze has largely been manufactured by retail investors, specifically reddit’s wallstreetbets crew, who have by now accidentally turned themselves into financial activists hell bent on destroying a few hedge funds, one of which was bailed out by investors to the tune of 3 billion dollars today. Suddenly this story has become consequential, because the rallying cry here has morphed into a kind of zeitgeist attack on generational wealth inequality; ie. financial institutions are boomers and/or represent boomers, whose greed and selfishness have destroyed our economic wellbeing. and that’s true. neoliberal financialization of the economy is a fundamental reality of our political situation. these people are not political leftists, their entire “community” is some kind of self-important grotesque 4chan mirror that prides itself on incorrigibility. they are gamblers who worship this financial bubble, their idol is elon musk, etc. and yet what they recognize are fundamental leftist truths, and if they can recognize them, what this seems to represent is a generational vanguard moment of political opportunity.

there is also the possibility here that we live in a world of such farce that a bunch of clowns on reddit who piled into a stock because it was cheap and they like video games might do significant damage to the financial system. as you may know, there is no difference between today and 2007, the financial sector is every bit as greedy, irresponsible and overleveraged today as it was then. this short squeeze exists because a handful of hedge funds literally shorted more shares of gamestop than exist on the open market, and they did so on leverage. they are not atypical financial actors, especially in the covid monetary bubble world, which means if two of these guys implode because they wanted to make some money shorting a stock from $4 to $0, it’s going to have a ripple effect. and it is possible that this ripple effect is relatively inconsequential, but it is also possible that it is not. yet more fuel for our increasingly nonsensical dystopia.

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What’s happening is a kinda new type of semicoordinated flash-mob pump-and-dump scheme. The grand narrative of the nihilist youth fighting against the Man with the Man’s own tools is a particularly clever facet of the scheme, in that painting this as something more than petty speculation is proving very motivating to get people to participate.

Personally I interpret this as a new variety of gambling+con-artist subculture. It reminds me of how the card-game craze of ~15 years ago came on a wave of stories about genius young card counters giving the casinos their comeuppance.

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hence the accident bit. financial markets are fundamentally exercises in alchemy, in that they manifest what people believe to be true rather than what “is” true (same as anything else, but here it’s quantifiable). wsb is a financial instrument that leverages social capital in the same way that it advocates leveraging financial capital. you can buy otm options, and then you can pick up a megaphone and try to get other people to do the same thing. it’s a natural marriage of the leveraged capital flows that dominate contemporary finance and the leveraged informational and emotional flows that dominate social media. that’s…very zeitgeist. it’s highly interesting to me. but the point is in the same way that the fundamental measurements of tesla as a company have almost nothing to do with it’s current valuation, what started the movement in the price of GME is no longer relevant to where this is going and why it is getting there. if people believe that this is more than petty speculation, then that reality is made manifest. there is no underlying. and once people come to recognize, philosophically, that there is no underlying reality behind X, where X can be anything from a stock to a political opinion to a social position, that is a very powerful realization

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fun game

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how is this a real game name

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The hottest new series is about to drop

Was actually cool to see this suddenly show up in my feed completely unrelated to any SB-sphere

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and u can never quarantine the past

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In many ways this would not exist without SB! Even the site itself is credited in the special thanks of a few episodes.

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