Donald Trump and Fox News had an uneasy relationship the last several months.
Things may be changing.
And one Fox News host just admitted Donald Trump was right about this system being rigged.
The central message of Donald Trump’s winning 2016 campaign was that elites manipulated institutions and rigged the game for their benefit at the expense of the forgotten men and women.
Funny business on Wall Street, and Big Tech and the Biden administration’s complicity through silence drove home the point Donald Trump was right.
Fox Business host Charles Payne made the case the fix was in with a viral rant about how hedge funds manipulated the system to protect themselves from billions in losses after retail traders on the internet forum Reddit blew up Wall Street’s attempt to profit off destroying companies like Gamestop by short-selling their stocks.
“The shorts, first of all, all this nonsense, all of this noise, all this whining by Wall Street, it’s making me sick!” Payne exclaimed, taking off his glasses and waving a piece of paper in frustration. “One hundred forty percent of GameStop was short. I didn’t hear one person on TV complaining about Wall Street trying to crush GameStop, 140% short!” Payne began.
Payne fumed that Wall Street operators like Melvin Capital received three billion dollars in bailouts from Point72 and Citadel hedge funds to cover their losses proving the market was not on the level.
“Neil, you can’t allow Wall Street to short 75% of a stock and nobody says anything, crush these companies into the dirt, and then when the individual investor makes money everyone is up in arms,” Payne told fellow Fox host Neil Cavuto. “‘Oh, they’re going to lose their shirt?’ Don’t you think people are trading, traded 80 billion shares today. People are ringing the register. I have a kid who bought a house. He made $50,000 and bought a house. So yeah, some people are going to lose, some are going to win. But if they want to change the rules of the game now because the general public is making money after decades of the shorts crushing thousands of stocks into the dirt, I watched stocks being crushed completely to zero and no one ever whispered anything because those stocks didn’t have Wall Street sponsorship.”
To make matters worse, tech companies like Robinhood and other day trading apps like TD Ameritrade blocked users from buying stocks that Wall Street shorted to prevent everyday investors from making money and to ensure that big firms didn’t lose any money.
Biden administration press secretary Jen Psaki played deaf, dumb and blind on this outrage because Wall Street banks and tech companies funded the Biden campaign and control the Biden White House.
Wall Street banks pumped 74 million dollars into the effort to defeat Donald Trump.
Treasury Secretary Janet Yellen raked in over $800,000 in speaking fee payoffs from Citadel, one of the big firms helping to tip the scales in favor of their fellow Wall Street heavyweights and to prevent ordinary Americans from making a profit in the market.
The Biden administration can’t step in and protect Americans from Wall Street and Big Tech’s scheme to rig the system against the general public because Biden and his cabal of advisors are compromised by Wall Street and Big Tech’s money and influence.
This was the argument that got Donald Trump elected in 2016.
And Charles Payne helped remind the American people as to why they elected Donald Trump in the first place.
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