Post #4042660

2026-07-23 17:59 UTC

I cite that last example, which comes from another Dan Olson documentary about the strange GameStop #investment cult which hinges upon "MOASS" (yet another abbreviation, yet another magic spell), because it's an especially stark example of the irrationality of the magical thinking at work. The premise of the MOASS cult (the "Mother Of All Short Squeezes") is simple: an imaginary war is supposedly raging between evil short-sellers who live only to destroy good honest corporations by torpedoing the value of their #stocks, and true $GME believers who "own the float" (i.e. the GameStop cultists think they own ALL the legitimate $GME shares being traded, whereas the short-sellers have somehow faked the shares they're trading.) (cont'd)

Replies (1)

@mxchara@seattle.pink 2026-07-23 18:04

Somehow this war between honest GameStop cultists and villainous short-sellers will result in a huge stock-market bubble, sending $GME soaring in value up to millions per share, prompting the U.S. government to step in--whereupon all the short-sellers' purportedly fake shares will be unmasked thus compelling the government to endure the redemption of all the GME cultists' "real" shares (supposedly guaranteed by direct registration). There's a kinship here with how "sovereign citizens" imagine that they have a magic formula, a concoction of legalese that will withstand legal challenges and force the U.S. government to admit that they have no actual power to tax the "sovereign citizen". (cont'd)

Open ##4042766