The panic among many Wall Street hedge-funds has arguably been the biggest storyline of 2021. Melvin Capital lost 53% in January amidst the $GME surge. The vast majority of Americans seem to be cheering this on. But Nick Fuentes is now wondering if the recent populist insurgency against Wall Street is misdirected because it is taking attention away from the COVID lockdown.
This is an very odd take. Does he think that both of those sentiments are mutually exclusive? On top of that, much of the resentment towards COVID lockdowns isn’t from some conservative or libertarian opposition to a lockdown in general. Many are against it because, in the United States, the lockdown seemed specifically designed to hurt small businesses and help big business. On top of that, Wall Street got bailed out and suffering Americans didn’t.
But why should this be a surprise? It was executed under Donald Trump, arguably the most pro-Wall St president in history. He literally bragged about the DOW reaching $30k when millions of Americans had lost their jobs. Billionaire wealth has increased dramatically during these last four years. The main focus of Trump’s economic policy seemed to be empowering and increasing the wealth of oligarchs. Again, why would this not remain true when it came to his COVID policy?
If Nick wants to talk about the economic hardship brought on by the COVID lockdowns, he has nobody to blame more than Zion Don. Unfortunately for Nick, this is the figure he chose to attach his movement to.
In the last couple weeks, I haven’t heard much from those in the Alt-Republican “America First” sphere. It seems they are drifting into irrelevancy the more Donald Trump fades away from public consciousness. I don’t think this will be bringing any new life into their movement.