Nigel Farage praised the GameStop rebellion as the natural successor to the populist movement that brought Brexit and Donald Trump to victory in 2016.
The party’s leader of the Reformation in the UK said he was’ with ordinary traders’ in the so-called Reddit Revolution, in which millions of smaller investors jointly adopted giant hedge funds by buying shares such as Gamestop and AMC, which ‘ a huge loss on Wall Street.
Mr Farage said it was ‘time for Wall Street to get a bloody nose’ after the damage the financial sector inflicted on ordinary people during the economic collapse in 2008, when banks were rescued at the expense of the public.
The driving force behind the Brexit movement said that a ‘new kind’ of economic populism arose with WallStreetBets – the Reddit group behind the movement – but that it was ultimately based on the long-standing feeling among the masses that ‘we run and run by people, whether they work in the civil service, giant corporations, big banks, politics, a lot of the media, they are all the same people. ”
“They do not understand the conversations we have every day, and of course it’s all for themselves,” Farage added.
“That is why we voted for Brexit, and that is why Trump voted in 2016 and received another 75 million votes in November. “Now this populist action has shifted from the mood to what people in the markets are doing,” he continued.
Farage said financial services firm Robinhood, which barred traders from buying shares in GameStop, AMC and others, has shown that the market is “openly hampered” in favor of the big guys, in favor of the
settlement and against the small people ”.
Brokers like Robinhood are now refusing buy orders on stocks that Wall Street lacks are outrageous.
It shows that big money, big politics and the regulators are all in bed together and against the guy. https://t.co/pyEedCIsRc
– Nigel Farage (@Nigel_Farage) 28 January 2021
Farage went on to say that the financial services sector and the government are “all in bed together”, pointing to US Treasury Secretary Janet Yellen, who previously served as head of the Federal Reserve.
It has been revealed that Ms Yellen received more than $ 800,000 of speaking money from Citadel, a hedge fund that saved Melvin Capital, one of the hedge funds that suffered huge losses after taking large short positions against GameStop.
On Friday, Breitbart News reported that the Treasury Secretary had not refrained from advising President Joe Biden on the populist economic uprising, despite what some see as an apparent conflict of interest.
“We do not know what advice she gave, and we do not know what made the brokers stop taking purchase orders,” Farage said.
White House Press Secretary Jen Psaki defended Yellen that she did not execute herself, emphasizing the fact that she is a woman in office as an achievement in itself, adding that ‘it should not surprise anyone that she was paid to give perspective and advice before she came to office. ”
Mr Farage concluded by saying that “the institution may be breaking down more this time than it can chew”, noting the dual calls to investigate Robinhood by Republican Senator Ted Cruz and Democratic Congressman Alexandria Ocasio-Cortez .
He said the business is in trouble because ‘not only are they shouting at the Trumpites, they have linked the Trumpites closely to those on the left, both with general concern about the way big money, big banks, big politics work in their favor and against ordinary people together. ”
Listen to this amazing crying baby pic.twitter.com/KmJvZpBQ59
– Timothy Burke (@bubbaprog) 28 January 2021
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