After robber barons and bank runs of 1920’s, the SEC was founded with the sole job of ‘restoring faith, trust, and confidence in the markets’.

That’s their job. Their job is not to get the markets to be trust worthy objectively, it’s to make it seem like the US markets are trust worthy and get people to invest in it, including abroad and global investments.

The Robber barons of course didn’t disappear, they still existed and their pathology has been reinvented and reused while managing themselves with Self-Reports under Non Government agency groups that ‘regulate themselves’, avoiding the enforcement spotlight of the SEC. The SEC just acted as a sort of obscure curtain that allowed people to restore enough faith in the markets.

All was well in the status quo of ‘good times’, robber barons were stealing enough to keep them happy but not too much that would draw scrutiny. Idiots were getting swindled enough that they sought to blame themselves and not the institutions or systemic plumbing of the financial markets. Very few wizened up to the scam and even fewer were vocal about it, many just chalking it up to a failed Day Trading experience like a washed up Only Fans model.

Then GME 2021 happened. Lots of fucked up shit with price action, they took away the buy button, the stock market was defacto rigged. Congressional hearing after hearing, more price swings unrelated to the gamma squeeze, and more price irregularities with other shit. All surmounting to little to no enforcement action.

Obviously, the right answer for the SEC was to investigate and fine a bunch of organizations, throw some sacrificial Bernie Madoff pawn into Jail, and appease the crowd of angry autistic screeches by giving out some monies.

The SEC fucked up by not doing that and not having a stronger authoritarian financial justice facade.

They done goofed.

In turn,

Autist Anonymous from around the web have lost much faith in the financial system and the stock market. They don’t believe in the financial justice or authority or regulations of the US Stock Market.

This is evident in meme culture where these retards are actively shitting on the Current SEC Chair (Gary Gensler). These are more ad hominen attacks (there’s even memes of him crying via face filter);

I mean, if you ask me on any day of the week 9 times out of 10, I’m anti-fed. And yet the Fed Reserve Memes aren’t necessarily attacking Holy Father Daddy J Pow like they do Gary ‘Gargoyle’ Gensie (that’s what online degens are calling him).

This is an important distinction, that the SEC is receiving more personified malintent vitriol while the Fed memes are more a political critique and caricature of both the federal reserve and government systems.

I’m sure if you ask the right libertardians, they’ll probably have a manifesto prewritten in the style of Cursive John Locke about being Anti-fed back dated to 400 CE for -reasons-. In any case, most people anti-fed don’t blame the figure head, they blame the system and institution. . .Which is even more concerning when people blame the SEC chair rather than the entirety of the SEC.

I personally

Don’t blame Gary for all these problems, he’s just the figure head that can take the heat, so I hope he has a kush deal of revolving doors at some Financial regulatory business that he clocks in only 10 hours a year at to make 200k+ (I know, it’s low end of financial pay scale). He’s done his ‘job’ as the figure head to get fired- making fertile soil for someone else to take over and start running a fascistic financial regime. Arguably this could alienate market participants. It might look better for crypto, or something. Maybe not.

Lose lose situation in totality. But that’s life, you know, no safe bets.

In any case, I look forward to GG writing a book about how shitty his side of the aisle was in this whole mess. I think the part where he learns about Direct Registration System as the Chair of the SEC will probably be a climactic shift in his overall world view of the stock market and exchange, it’s likely to induce a schizophrenic schizm of personality and psyche because he’ll learn the dark side of the markets. It’s like when a good cop or soldier finds out they’re the bad guys or that the world isn’t black and white and it’s full of shades of grey. I look forward to knowing what he thinks about with regards to that.

In Closing

The SEC has to now rebrand itself like a washed up Only Fans model turned to some religion to grift religious pussy, as if they’ve been born again and rebranded as a new trusting model. It’s got a PR problem and many retards are getting wiser to the PR issues.

Or they won’t and maybe people will forget. Unlikely but it could happen.

All in all, this negative market authority sentiment has investors consider or contemplate investments elsewhere or in other ventures or markets.

There’s a certain critical mass of the population where a conspiracy theory becomes a mainstream narrative, things like nine-eleven or moon landing fakes or whatever. Point is, if enough retards promulgate how shitty the SEC and the stockmarket is, then the ramification for investor actions is going to follow and not treat it as a serious thing, meaning more rising theft from robber barons, and more degenerative bets mirroring that of societal-socio-economic collapse as seen in r/WallStreetBets.

So this is bad news for the US, unless the US invents a new stock market exchange that empowers individual state powers, if not then market participants are probably looking forward to gambling in Singapore or other markets. Fertile grounds for Glazing Chinesium finance and it’s rise to a monetary superpower.

*Not Valid Financial, Legal, Life, or Any Advice