Nigel Farage hailed the GameStop rebellion as the natural successor to the populist movement that led Brexit and Donald Trump to victory in 2016.
The leader of the Reform UK party said he was “with ordinary traders” in the so-called Reddit Revolution, in which millions of small investors collectively took over giant hedge funds by buying heavily shorted stocks like Gamestop and AMC – causing huge losses on Wall Street .
Farage said it was “time for Wall Street to have a bloody nose” after the damage the financial sector inflicted on ordinary people during the economic collapse of 2008, when banks were bailed out at the expense of the public.
The driving force behind the Brexit movement said that a “new type” of economic populism emerged with WallStreetBets – the Reddit group behind the movement – but that it is ultimately based on the longstanding feeling among the masses that “we are headed and governed by people, whether they work in the public service, giant companies, big banks, politics, much of the media, they are all the same people. ”
“They don’t understand the conversations we have every day and, of course, when it comes to money, they are involved on their own,” added Farage.
“That’s why we voted for Brexit and that’s why in 2016 Trump was elected and got another 75 million votes in November, and now that populist action has gone from voting to what people do in the markets,” he continued.
Farage said the shares were taken by financial services firm Robinhood, which prevented traders from buying shares in GameStop, AMC and others, demonstrating that the market was being “openly manipulated” in favor of the big ones, in favor of
establishment and against the little ones ”.
Brokers like Robinhood now refuse share purchase orders in which Wall Street is sold is outrageous.
It shows that a lot of money, great politics and the regulators are all together in bed and against the little man. https://t.co/pyEedCIsRc
– Nigel Farage (@Nigel_Farage) January 28, 2021
Farage went on to say that the financial services industry 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 was revealed that Yellen received more than $ 800,000 in lecture fees from Citadel, a hedge fund that rescued Melvin Capital, one of the hedge funds that suffered heavy losses after taking large short positions against GameStop.
On Friday, Breitbart News reported that the Treasury secretary did not refuse to advise President Joe Biden on the populist economic upheaval, despite what some see as an apparent conflict of interest.
“We don’t know what advice she gave, we don’t know what caused brokers to stop taking purchase orders,” noted Farage.
White House press secretary Jen Psaki defended Yellen not to refuse, highlighting the fact that she is a woman in office as an achievement in herself and adding that “It shouldn’t be a surprise to anyone that she was paid to give her opinion and advice before she took office. “
Farage concluded by saying that “perhaps the establishment this time bit more than it can chew”, noting that bipartisan calls for investigations into Robinhood of names like Republican Senator Ted Cruz and Democratic Congressman Alexandria Ocasio-Cortez.
He said the system is in trouble because “they are not just making the Trumpites scream, they have the Trumpitas now linked to those on the left, both with a common cause about how that big money, big banks, big politics works together. for and against the people ”
Listen to this amazing crying baby pic.twitter.com/KmJvZpBQ59
– Timothy Burke (@bubbaprog) January 28, 2021
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