Are You A Target For AI Scammers?

AI, Meme Stocks, & BRICS Are Shaking Things Up This Week...

The Daily Ninja 5/14/24

Updates From The Economic Ninja

(5/13/2024)

  • ๐Ÿคข It's disturbing how scammers are using AI to impersonate YouTubers and high-profile individuals to trick people into giving them money.

  • ๐Ÿง  Asking the right questions can help protect you from Sinister AI voice cloning scams.

  • ๐Ÿ“ž When in doubt, ask for the caller's phone number and tell them you'll call them back, giving you time to verify their identity.

  • ๐Ÿ•ต๏ธโ€โ™‚๏ธ It's crucial to take time to verify any request for money to avoid falling victim to AI scam calls.

  • ๐Ÿ›ก๏ธ The first and most important thing to do when receiving a scam call is to not panic, according to cyber security experts.

  • ๐Ÿ“ž Verify the identity of the caller by asking specific questions and try to contact the person on their normal number.

  • ๐Ÿšจ Scams using AI voices and videos are becoming prevalent, causing millions of dollars in losses every day.

(5/13/2024)

  • ๐Ÿ“ˆ GameStop is up 53-54% as Roaring Kitty posts again.

  • ๐ŸŽฎ The man behind the Epic short squeeze of 2021, Keith Gil, inspired an army of day traders to pile into GameStop stock and call options, showcasing the power of online communities in the stock market.

  • ๐ŸŽฅ "The fundamentals for a theater chain are not there. However you're seeing people that freak out and that Mania picks up so going into this story. The mem stock frenzy involved individual investors taking aim at Short Sellers and hedge funds who were pessimistic about the outlook for GameStop and other companies."

  • ๐Ÿ“‰ "The poster child was hedge fund Melvin Capital which was heavily shorting GameStop and became a target of the army of amateur Traders suffering huge losses."

  • ๐Ÿ“ˆ The GameStop Mania drove its stock from as little as $3 to above $120 in just three months, causing brokerages to limit trading in heavily shorted stocks.

  • ๐Ÿ”ฅ "How big their short position was because as of right now people are getting absolutely destroyed."

  • ๐Ÿ”ฅ GameStop stock is up 90% right now, this is insane!

  • ๐Ÿ“ˆ The next 6 to 8 months will see a massive move into cryptocurrency because of what's happening to the price of Bitcoin.

(5/13/2024)

  • ๐Ÿ’ฃ War doesn't always mean shooting - it could be economic or proxy war, and the situation with Venezuela raises questions about the Biden Administration's intentions.

  • ๐ŸŒŽ The ongoing territorial dispute between Guyana and Venezuela over the esqido region is causing tension and could lead to conflict.

  • ๐Ÿค” Concerns about the US being seen as a bad influence on the earth and the need to vote Congress out due to corruption and dirtiness.

  • ๐Ÿ’ฐ The US is getting involved in Venezuela due to the strength of its economy and its move to align with BRICS, shifting away from US dollar trade.

  • ๐Ÿ”ฅ It's a totally different shift in the world than four years ago.

Be prepared, not scared!

-Ninja Out

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